Turning Point Brands
TPB
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.
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: 5 → 10 (+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: 201 → 207 (+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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CLGM
Capitolis Liquid Global Markets
New York
|
+$21.7M |
| 2 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$20.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$13.3M |
| 4 |
PCR
Potrero Capital Research
San Francisco,
California
|
+$10.3M |
| 5 |
MFS
Mirabella Financial Services
London,
United Kingdom
|
+$6.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$8.91M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$7.77M |
| 3 |
JP Morgan Chase
New York
|
-$6.81M |
| 4 |
Millennium Management
New York
|
-$5.79M |
| 5 |
BlackRock
New York
|
-$3.82M |
TPB Hedge Fund Activity: Q1 2025 in Review
207 of the 7,457 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.