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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
226
Holders Change
+18
Holders Change %
+8.65%
% of All Funds
2.97%
Holding in Top 10
14
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+40%
% of All Funds
0.18%
New
46
Increased
71
Reduced
79
Closed
27
Calls
$61.6M
Puts
$14.9M
Net Calls
+$46.7M
Net Calls Change
+$5.19M

Top Buyers

1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$30.9M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$19M
3
Millennium Management
Millennium Management
New York
+$17.5M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$17.3M
5
DCM
Driehaus Capital Management
Illinois
+$14.9M

Top Sellers

1
American Century Companies
American Century Companies
Missouri
-$20.5M
2
Morgan Stanley
Morgan Stanley
New York
-$18.8M
3
Renaissance Technologies
Renaissance Technologies
New York
-$15M
4
4A
4D Advisors
California
-$11M
5
Vanguard Group
Vanguard Group
Pennsylvania
-$9.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
JF
101
Jump Financial
Illinois
$1.91M +$850K +9,389 +95%
Wells Fargo
102
Wells Fargo
California
$1.9M +$157K +1,737 +10%
AllianceBernstein
103
AllianceBernstein
Tennessee
$1.87M -$219K -2,415 -11%
PEAK6
104
PEAK6
Illinois
$1.86M -$2.16M -23,867 -56%
Legal & General Group
105
Legal & General Group
United Kingdom
$1.84M -$4.89K -54 -0.3%
EGM
106
Engineers Gate Manager
New York
$1.84M +$1.68M +18,591 New
Balyasny Asset Management
107
Balyasny Asset Management
Illinois
$1.77M +$1.62M +17,892 New
Group One Trading
108
Group One Trading
Illinois
$1.74M -$3.11M -34,408 -66%
MCP
109
Militia Capital Partners
Nevada
$1.68M -$543K -6,000 -26%
Man Group
110
Man Group
United Kingdom
$1.65M +$909K +10,044 +152%
Principal Financial Group
111
Principal Financial Group
Iowa
$1.58M +$314K +3,472 +28%
CA
112
CSM Advisors
Pennsylvania
$1.53M -$1.77M -19,540 -56%
BHCM
113
Brevan Howard Capital Management
Jersey
$1.53M +$1.4M +15,436 New
VF
114
Vest Financial
Virginia
$1.42M +$1.3M +14,352 New
YIH
115
Y-Intercept (HK)
Hong Kong
$1.4M -$1.44M -15,953 -53%
Boston Partners
116
Boston Partners
Massachusetts
$1.36M +$18.6K +206 +2%
QCM
117
Quantinno Capital Management
New York
$1.33M +$557K +6,150 +84%
BPA
118
Beacon Pointe Advisors
California
$1.2M +$1.1M +12,155 New
State Board of Administration of Florida Retirement System
119
State Board of Administration of Florida Retirement System
Florida
$1.19M -$2.72K -30 -0.2%
LTAS
120
Linden Thomas Advisory Services
North Carolina
$1.14M +$43.4K +479 +4%
Verition Fund Management
121
Verition Fund Management
Connecticut
$1.13M +$122K +1,345 +13%
GC
122
GatePass Capital
Ohio
$1.12M +$1.03M +11,323 New
Prudential Financial
123
Prudential Financial
New Jersey
$1.06M -$158K -1,750 -14%
Allspring Global Investments
124
Allspring Global Investments
North Carolina
$1.03M -$79.8K -882 -8%
IIM
125
INTECH Investment Management
Florida
$1M -$201K -2,223 -18%
3 4
5
6 7

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.