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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
FFA
201
Farther Finance Advisors
California
$9.21K +$815 +9 +11%
Optiver Holding
202
Optiver Holding
Netherlands
$8.5K +$7.79K +86 New
SWP
203
Strategic Wealth Partners
Ohio
$8.4K – – –
Northwestern Mutual Wealth Management
204
Northwestern Mutual Wealth Management
Wisconsin
$8.3K +$7.6K +84 New
Nisa Investment Advisors
205
Nisa Investment Advisors
Missouri
$7.72K – – –
AWM
206
Accredited Wealth Management
Kentucky
$7.42K -$5.52K -61 -81%
SAM
207
Smartleaf Asset Management
Massachusetts
$6.58K +$6.16K +68 New
EP
208
Essential Partners
California
$5.34K +$4.89K +54 New
US Bancorp
209
US Bancorp
Minnesota
$5.24K – – –
AssetMark Inc
210
AssetMark Inc
California
$3.06K – – –
DWM
211
Dogwood Wealth Management
Kansas
$2.67K +$2.44K +27 New
RIL
212
Rothschild Investment LLC
Illinois
$2.47K -$453 -5 -17%
SPIA
213
Steward Partners Investment Advisory
New York
$2.37K – – –
TWD
214
True Wealth Design
Ohio
$1.88K +$362 +4 +27%
AF
215
Allworth Financial
California
$1.88K +$1.72K +19 New
MCM
216
MAI Capital Management
Ohio
$1.19K – – –
CAL
217
Capital Advisors Ltd
Ohio
$1K – – –
MPWT
218
MassMutual Private Wealth & Trust
Connecticut
$989 – – –
PFBT
219
Parkside Financial Bank & Trust
Missouri
$989 – – –
JWM
220
JPL Wealth Management
Colorado
$495 +$453 +5 New
SS
221
SBI Securities
Japan
$395 +$272 +3 +300%
CPG
222
Cornerstone Planning Group
New Jersey
$339 -$453 -5 -63%
FFO
223
Fortitude Family Office
Arizona
$198 – – –
LFG
224
Larson Financial Group
Missouri
$198 +$181 +2 New
VWM
225
Vermillion Wealth Management
Minnesota
$102 – – –
7 8
9
10 11

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.