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Turning Point Brands

207 hedge funds and large institutions have $923M invested in Turning Point Brands in 2025 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 59 increasing their positions, 88 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

619% more call options, than puts

Call options by funds: $22.1M | Put options by funds: $3.07M

100% more funds holding in top 10

Funds holding in top 10: 510 (+5)

31% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 26

3.32% more ownership

Funds ownership: 83.61%86.93% (+3.3%)

3% more funds holding

Funds holding: 201207 (+6)

4% more capital invested

Capital invested by funds: $890M → $923M (+$32.9M)

33% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 88

Holders
207
Holders Change
+6
Holders Change %
+2.99%
% of All Funds
2.78%
Holding in Top 10
10
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+100%
% of All Funds
0.13%
New
34
Increased
59
Reduced
88
Closed
26
Calls
$22.1M
Puts
$3.07M
Net Calls
+$19M
Net Calls Change
+$5.89M
Name Holding Trade Value Shares
Change
Change in
Stake
State of Wisconsin Investment Board
26
State of Wisconsin Investment Board
Wisconsin
$7.88M +$2.6M +42,007 +46%
CIC
27
Crawford Investment Counsel
Georgia
$7.66M -$185K -2,994 -2%
Millennium Management
28
Millennium Management
New York
$7.62M -$5.79M -93,473 -42%
Two Sigma Investments
29
Two Sigma Investments
New York
$7.46M +$1.03M +16,606 +15%
Jane Street
30
Jane Street
New York
$7.46M +$3.54M +57,166 +84%
Teacher Retirement System of Texas
31
Teacher Retirement System of Texas
Texas
$7.24M +$4.15M +67,005 +122%
Franklin Resources
32
Franklin Resources
California
$6.12M +$159K +2,570 +3%
Invesco
33
Invesco
Georgia
$6.11M +$347K +5,607 +6%
BAM
34
Ballast Asset Management
Texas
$6.04M +$92.1K +1,488 +1%
MFS
35
Mirabella Financial Services
United Kingdom
$5.94M +$6.19M +100,000 New
AC
36
Aristides Capital
Kentucky
$5.91M -$503K -8,120 -8%
MP
37
Mangrove Partners
Connecticut
$5.9M
FP
38
Foundry Partners
Minnesota
$5.72M -$228K -3,680 -4%
4A
39
4D Advisors
California
$5.65M +$5.88M +95,000 New
Two Sigma Advisers
40
Two Sigma Advisers
New York
$5.52M +$1.47M +23,800 +34%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$5.33M -$43.5K -703 -0.8%
CM
42
Castleark Management
Illinois
$5.27M +$5.49M +88,680 New
Luther King Capital Management (LKCM)
43
Luther King Capital Management (LKCM)
Texas
$5.17M +$3.97M +64,181 +281%
SEI Investments
44
SEI Investments
Pennsylvania
$5.16M +$542K +8,747 +11%
AQR Capital Management
45
AQR Capital Management
Connecticut
$4.92M -$1.47M -23,674 -22%
EI
46
EAM Investors
California
$4.55M -$452K -7,299 -9%
PCM
47
Portolan Capital Management
Massachusetts
$4.19M +$430K +6,940 +11%
Goldman Sachs
48
Goldman Sachs
New York
$4.16M -$8.91M -143,999 -67%
Squarepoint
49
Squarepoint
New York
$4.15M +$447K +7,224 +12%
JAM
50
Jupiter Asset Management
United Kingdom
$3.92M +$4.08M +65,972 New

TPB Hedge Fund Activity: Q1 2025 in Review

207 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q1 2025, worth a combined $923M — up 3.7% from $890M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new TPB positions and 26 closed out — a net gain of 8 holders — while 59 added to existing stakes and 88 trimmed.

The largest buyer was Capitolis Liquid Global Markets, opening a new position worth an estimated $21.7M. The largest seller was Goldman Sachs, cutting an estimated $8.91M.

  • 207 institutional investors held Turning Point Brands (TPB) as of Q1 2025, up from 201 in Q4 2024.
  • Funds reported $923M of Turning Point Brands stock for Q1 2025, up 3.7% quarter-over-quarter.
  • 34 funds opened new Turning Point Brands positions in Q1 2025 and 26 closed out, a net change of +8 holders.
  • The largest Turning Point Brands buyer in Q1 2025 was Capitolis Liquid Global Markets, an estimated $21.7M added.
  • The largest Turning Point Brands seller in Q1 2025 was Goldman Sachs, an estimated $8.91M sold.

Based on aggregated 13F filings for Q1 2025.