Vault-13

TURNING PT BRANDS INC TPB 2.5 07.15.24

NOTE 2.500% 7/1 · US DOMESTIC · CUSIP 90041LAE5

16 institutional holders +4 vs Q4 2023
4,550,0004.5m shares reported held*
$95.8mreported value*
6 new 1 added 4 reduced 2 sold out net sold ≈ $11.2m (-30.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $21.05.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 14Q4 22: 15Q1 23: 16Q2 23: 15Q3 23: 14Q4 23: 12Q1 24: 1616Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202214
Q4 202215
Q1 202316
Q2 202315
Q3 202314
Q4 202312
Q1 202416

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
10010Q4 22: 6 bought or addedQ4 22: 6 cut or sold outQ4 22Q1 23: 7 bought or addedQ1 23: 8 cut or sold outQ1 23Q2 23: 6 bought or addedQ2 23: 5 cut or sold outQ2 23Q3 23: 4 bought or addedQ3 23: 4 cut or sold outQ3 23Q4 23: 5 bought or addedQ4 23: 4 cut or sold outQ4 23Q1 24: 7 bought or addedQ1 24: 6 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 202266
Q1 202378
Q2 202365
Q3 202344
Q4 202354
Q1 202476

Biggest buyers

Fort Baker Capital Management LP New +30,387,000+30.4m
INTREPID CAPITAL MANAGEMENT INC New +3,000,000+3.0m
Radcliffe Capital Management, L.P. New +2,417,000+2.4m
PIPER SANDLER & CO. New +2,372,000+2.4m
Davidson Kempner Capital Management LP Added +2,000,000+2.0m
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS New +150,000+150.0k
Jefferies Financial Group Inc. New +117,000+117.0k

Biggest sellers

Fort Baker Capital Management LP Sold out -33,887,000-33.9m
OAKTREE CAPITAL MANAGEMENT LP Reduced -8,572,000-8.6m
DG Capital Management, LLC Sold out -4,092,000-4.1m
FMR LLC Reduced -3,647,000-3.6m
Context Capital Management, LLC Reduced -2,497,500-2.5m
Russell Investments Group, Ltd. Reduced -1,678,000-1.7m

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Davidson Kempner Capital Management LP 0.47% of their portfolio New York, NY 32,500,00032.5m $31.6m $31.6m 0.47% Added +2.0m +2,000,000
2 Fort Baker Capital Management LP 4.36% of their portfolio Larkspur, CA 30,387,00030.4m $30.2m $30.2m 4.36% New
3 FMR LLC 0.00% of their portfolio BOSTON, MA 14,419,00014.4m $14.0m $14.0m 0.00% Reduced -3.6m -3,647,000
4 INTREPID CAPITAL MANAGEMENT INC 1.91% of their portfolio JACKSONVILLE BEACH, FL 3,000,0003.0m $2.9m $2.9m 1.91% New
5 OAKTREE CAPITAL MANAGEMENT LP 0.04% of their portfolio LOS ANGELES, CA 2,714,0002.7m $2.7m $2.7m 0.04% Reduced -8.6m -8,572,000
6 Radcliffe Capital Management, L.P. 0.46% of their portfolio BALA CYNWYD, PA 2,417,0002.4m $2.4m $2.4m 0.46% New
7 PIPER SANDLER & CO. 1.60% of their portfolio MINNEAPOLIS, MN 2,372,0002.4m $2.3m $2.3m 1.60% New
8 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,360,0002.4m $2.3m $2.3m 0.00% Unchanged
9 SSI INVESTMENT MANAGEMENT LLC 0.11% of their portfolio Los Angeles, CA 1,500,0001.5m $1.5m $1.5m 0.11% Unchanged
10 MANGROVE PARTNERS IM, LLC 0.10% of their portfolio Greenwich, CT 1,400,0001.4m $1.4m $1.4m 0.10% Unchanged
11 Penn Mutual Asset Management 2.61% of their portfolio Conshohocken, PA 1,250,0001.2m $1.2m $1.2m 2.61% Unchanged
12 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 536,000536.0k $532.2k $532.2k 0.00% Reduced -1.7m -1,678,000
13 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio HARRISBURG, PA 150,000150.0k $145.9k $145.9k 0.00% New
14 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 117,000117.0k $115.2k $115.2k 0.00% New
15 Context Capital Management, LLC 0.12% of their portfolio LAJOLLA, CA 2,5002.5k $2.5m $2.5m 0.12% Reduced -2.5m -2,497,500
16 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged