Turning Point Brands
208 hedge funds and large institutions have $1.28B invested in Turning Point Brands in 2025 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 75 increasing their positions, 61 reducing their positions, and 33 closing their positions.
2,125% more call options, than puts
Call options by funds: $43.5M | Put options by funds: $1.95M
100% more capital inflows, than outflows
Capital inflows: $212M | Capital outflows: $106M
23% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 61
7.71% more ownership
Funds ownership: 86.65% → 94.35% (+7.7%)
6% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 33
0% more funds holding
Funds holding: 207 → 208 (+1)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$41.9M |
| 2 |
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
+$16.6M |
| 3 |
Driehaus Capital Management
Chicago,
Illinois
|
+$16.4M |
| 4 |
4A
4D Advisors
Redondo Beach,
California
|
+$8.64M |
| 5 |
SG Americas Securities
New York
|
+$7.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NRCM
Northern Right Capital Management
Darien,
Connecticut
|
-$10.8M |
| 2 |
Capitolis Liquid Global Markets
New York
|
-$8.39M |
| 3 |
Millennium Management
New York
|
-$7.28M |
| 4 |
SEI Investments
Oaks,
Pennsylvania
|
-$5.62M |
| 5 |
BlackRock
New York
|
-$4.64M |
TPB Hedge Fund Activity: Q2 2025 in Review
208 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2025, worth a combined $1.28B — up 39% from $920M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new TPB positions and 33 closed out — a net gain of 2 holders — while 75 added to existing stakes and 61 trimmed.
The largest buyer was Divisadero Street Capital Management, adding an estimated $41.9M. The largest seller was Northern Right Capital Management, cutting an estimated $10.8M.
- 208 institutional investors held Turning Point Brands (TPB) as of Q2 2025, up from 207 in Q1 2025.
- Funds reported $1.28B of Turning Point Brands stock for Q2 2025, up 39% quarter-over-quarter.
- 35 funds opened new Turning Point Brands positions in Q2 2025 and 33 closed out, a net change of +2 holders.
- The largest Turning Point Brands buyer in Q2 2025 was Divisadero Street Capital Management, an estimated $41.9M added.
- The largest Turning Point Brands seller in Q2 2025 was Northern Right Capital Management, an estimated $10.8M sold.
Based on aggregated 13F filings for Q2 2025.