Turning Point Brands
TPB
226 hedge funds and large institutions have $1.81B invested in Turning Point Brands in 2025 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 71 increasing their positions, 79 reducing their positions, and 27 closing their positions.
313% more call options, than puts
Call options by funds: $61.6M | Put options by funds: $14.9M
70% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 27
41% more capital invested
Capital invested by funds: $1.28B → $1.81B (+$531M)
40% more funds holding in top 10
Funds holding in top 10: 10 → 14 (+4)
9% more funds holding
Funds holding: 208 → 226 (+18)
7.26% more ownership
Funds ownership: 94.35% → 101.61% (+7.3%)
10% less repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 79
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$30.9M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$19M |
| 3 |
Millennium Management
New York
|
+$17.5M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$17.3M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$14.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$20.5M |
| 2 |
Morgan Stanley
New York
|
-$18.8M |
| 3 |
Renaissance Technologies
New York
|
-$15M |
| 4 |
4A
4D Advisors
Redondo Beach,
California
|
-$11M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$9.78M |
TPB Hedge Fund Activity: Q3 2025 in Review
226 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2025, worth a combined $1.81B — up 41% from $1.28B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new TPB positions and 27 closed out — a net gain of 19 holders — while 71 added to existing stakes and 79 trimmed.
The largest buyer was T. Rowe Price Investment Management, opening a new position worth an estimated $30.9M. The largest seller was American Century Companies, cutting an estimated $20.5M.
- 226 institutional investors held Turning Point Brands (TPB) as of Q3 2025, up from 208 in Q2 2025.
- Funds reported $1.81B of Turning Point Brands stock for Q3 2025, up 41% quarter-over-quarter.
- 46 funds opened new Turning Point Brands positions in Q3 2025 and 27 closed out, a net change of +19 holders.
- The largest Turning Point Brands buyer in Q3 2025 was T. Rowe Price Investment Management, an estimated $30.9M added.
- The largest Turning Point Brands seller in Q3 2025 was American Century Companies, an estimated $20.5M sold.
Based on aggregated 13F filings for Q3 2025.