ExodusPoint Doubles its Long Position in Vector Group Stock

According to a recent Form 13F filing submitted to the SEC, ExodusPoint Capital Management, LP disclosed a noteworthy and bullish investment in VGR stock. Here’s what you need to know about Vector Group Ltd., as well as Exoduspoint Capital Management and their long position in shares of VGR stock:

About ExodusPoint Capital Management, LP

Founded in 2017 by Michael Gelband and Hyung Lee, ExodusPoint Capital Management began managing investor capital in 2018. ExodusPoint employs a global multi-strategy investment approach, seeking to deliver compelling asymmetric returns by combining complementary liquid strategies managed by experienced investment professionals within a robust risk framework. ExodusPoint brings together an accomplished team with hands-on experience running multi-manager businesses to create an institutional investment management firm.

About Vector Group Ltd. (VGR)

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 100 combinations under the EAGLE 20’s, Pyramid, Montego, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands. It markets and sells its cigarettes to wholesalers and distributors of tobacco and convenience products, as well as grocery, drug, and convenience store chains. Besides tobacco, Vector Group also operates in the real estate investment business. The company was formerly known as Brooke Group Ltd. and changed its name to Vector Group Ltd. in May 2000. Vector Group Ltd. was founded in 1873 and is headquartered in Miami, Florida.

Exoduspoint Capital Management Buys Stock in VGR

According to the most recent 13F filed by ExodusPoint Capital Management, LP, the hedge fund added 48,913 shares of VGR stock to it holdings in the recent quarter. That brings their total long position in Vector Group Ltd. to 101,647 shares out of the 154,796,003 total VGR shares outstanding. Based on the most recent closing price of $10.24 per share of VGR, the entire ExodusPoint Capital Management position in Vector Group Ltd. is worth roughly $1,040,865.28.

Summary

VGR is one of many publicly-traded tobacco stocks. Browse more tobacco stocks here. Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Exoduspoint Capital Management, Lp. Also be sure to check out more recent 13F filing analysis news here.