Vault-13

TURNING PT BRANDS INC TPB 2.5 07.15.24

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

12 institutional holders -4 vs Q1 2024
8,500,0008.5m shares reported held*
$60.8mreported value*
1 new 8 added 1 reduced 4 sold out net sold ≈ $1.9m (+4.0m 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 ≈ $7.15.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 14Q4 22: 15Q1 23: 16Q2 23: 15Q3 23: 14Q4 23: 12Q1 24: 16Q2 24: 1212Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202214
Q4 202215
Q1 202316
Q2 202315
Q3 202314
Q4 202312
Q1 202416
Q2 202412

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 outQ2 23: 6 bought or addedQ2 23: 5 cut or sold outQ2 23Q3 23: 4 bought or addedQ3 23: 4 cut or sold outQ4 23: 5 bought or addedQ4 23: 4 cut or sold outQ4 23Q1 24: 7 bought or addedQ1 24: 6 cut or sold outQ2 24: 9 bought or addedQ2 24: 5 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 202266
Q1 202378
Q2 202365
Q3 202344
Q4 202354
Q1 202476
Q2 202495

Biggest buyers

PIPER SANDLER & CO. Added +10,535,000+10.5m
INTREPID CAPITAL MANAGEMENT INC Added +5,200,000+5.2m
SSI INVESTMENT MANAGEMENT LLC Added +1,800,000+1.8m
MANGROVE PARTNERS IM, LLC New +1,400,000+1.4m
Radcliffe Capital Management, L.P. Added +700,000+700.0k
OAKTREE CAPITAL MANAGEMENT LP Added +496,000+496.0k
Russell Investments Group, Ltd. Added +254,000+254.0k
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Added +150,000+150.0k
Jefferies Financial Group Inc. Added +134,000+134.0k

Biggest sellers

FMR LLC Sold out -14,419,000-14.4m
Fort Baker Capital Management LP Reduced -5,500,000-5.5m
MANGROVE PARTNERS IM, LLC Sold out -1,400,000-1.4m
Penn Mutual Asset Management Sold out -1,250,000-1.2m
Context Capital Management, LLC Sold out -2,500-2.5k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Fort Baker Capital Management LP 2.97% of their portfolio Larkspur, CA 24,887,00024.9m $25.1m $25.1m 2.97% Reduced -5.5m -5,500,000
2 PIPER SANDLER & CO. 10.02% of their portfolio MINNEAPOLIS, MN 12,907,00012.9m $12.8m $12.8m 10.02% Added +10.5m +10,535,000
3 INTREPID CAPITAL MANAGEMENT INC 5.18% of their portfolio JACKSONVILLE BEACH, FL 8,200,0008.2m $8.1m $8.1m 5.18% Added +5.2m +5,200,000
4 SSI INVESTMENT MANAGEMENT LLC 0.25% of their portfolio Los Angeles, CA 3,300,0003.3m $3.3m $3.3m 0.25% Added +1.8m +1,800,000
5 OAKTREE CAPITAL MANAGEMENT LP 0.06% of their portfolio LOS ANGELES, CA 3,210,0003.2m $3.2m $3.2m 0.06% Added +496.0k +496,000
6 Radcliffe Capital Management, L.P. 0.61% of their portfolio BALA CYNWYD, PA 3,117,0003.1m $3.1m $3.1m 0.61% Added +700.0k +700,000
7 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,360,0002.4m $2.4m $2.4m 0.00% Unchanged
8 MANGROVE PARTNERS IM, LLC 0.11% of their portfolio Greenwich, CT 1,400,0001.4m $1.4m $1.4m 0.11% New
9 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 790,000790.0k $797.4k $797.4k 0.00% Added +254.0k +254,000
10 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio HARRISBURG, PA 300,000300.0k $299.1k $299.1k 0.00% Added +150.0k +150,000
11 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 251,000251.0k $250.4k $250.4k 0.00% Added +134.0k +134,000
12 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged