Militia Capital Partners’s Turning Point Brands TPB Stock Holding History

Militia Capital Partners’s Portfolio TPB Stock Details TPB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	$2.38M	Buy	22,000 +5,000	+29%	+$489K	0.91%	27
2025 Q3	$1.68M	Sell	17,000 -6,000	-26%	-$543K	0.78%	34
2025 Q2	$1.74M	Buy	23,000 +9,000	+64%	+$612K	0.81%	31
2025 Q1	$832K	Buy	14,000 +7,000	+100%	+$433K	0.66%	34
2024 Q4	$421K	Buy	+7,000	New	+$374K	0.38%	57

Other funds holding TPB

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

ACH

ArrowMark Colorado Holdings Denver, Colorado $3.76B AUM 21.77% 1-Year Est. Return

Thrivent Financial for Lutherans Minneapolis, Minnesota $52.5B AUM 27.12% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

DSCM

Divisadero Street Capital Management Miami, Florida $2.39B AUM 134.55% 1-Year Est. Return

First Trust Advisors Wheaton, Illinois $140B AUM 27.84% 1-Year Est. Return

T. Rowe Price Investment Management Baltimore, Maryland $145B AUM 22.78% 1-Year Est. Return

DCM

Driehaus Capital Management Chicago, Illinois $13.6B AUM 173.98% 1-Year Est. Return

Militia Capital Partners's TPB Position: Q4 2025 in Review

Militia Capital Partners increased its Turning Point Brands (TPB) stake by 29% in Q4 2025, buying an estimated $489K and bringing the position to 22,000 shares worth $2.38M. The position accounts for 0.91% of the portfolio, ranked #27.

Militia Capital Partners first reported a position in TPB in Q4 2024 and has held it in 5 quarters since. 248 funds tracked by Wall St. Rank hold TPB as of Q4 2025.

Militia Capital Partners held 22,000 shares of Turning Point Brands worth $2.38M as of Q4 2025.
Militia Capital Partners bought 5,000 Turning Point Brands shares in Q4 2025, an estimated $489K.
Turning Point Brands made up 0.91% of Militia Capital Partners's portfolio in Q4 2025, its #27 holding.
Militia Capital Partners first reported a position in Turning Point Brands in Q4 2024 and has held it in 5 quarters since.
248 funds tracked by Wall St. Rank held Turning Point Brands as of Q4 2025.

Based on Militia Capital Partners's 13F filing for Q4 2025, filed 17 Feb 2026.