We are live on ! Find out more
TPB icon

Turning Point Brands
TPB

248 hedge funds and large institutions have $2B invested in Turning Point Brands in 2025 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 87 increasing their positions, 80 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

288% more call options, than puts

Call options by funds: $58.1M | Put options by funds: $15M

100% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 24

14% more funds holding in top 10

Funds holding in top 10: 14 → 16 (+2)

10% more capital invested

Capital invested by funds: $1.81B → $2B (+$186M)

10% more funds holding

Funds holding: 226 → 248 (+22)

9% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 80

5% less ownership

Funds ownership: 101.61% → 96.6% (-5%)

Holders
248
Holders Change
+22
Holders Change %
+9.73%
% of All Funds
3.02%
Holding in Top 10
16
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+14.29%
% of All Funds
0.19%
New
48
Increased
87
Reduced
80
Closed
24
Calls
$58.1M
Puts
$15M
Net Calls
+$43.1M
Net Calls Change
-$3.62M

Top Buyers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$25.7M
2
MAP
Madison Avenue Partners
New York
+$24.2M
3
First Trust Advisors
First Trust Advisors
Illinois
+$20.3M
4
CCM
Copeland Capital Management
Pennsylvania
+$19.9M
5
ACH
ArrowMark Colorado Holdings
Colorado
+$19.1M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$50.9M
2
DSCM
Divisadero Street Capital Management
Florida
-$43.3M
3
CLGM
Capitolis Liquid Global Markets
New York
-$28.9M
4
Millennium Management
Millennium Management
New York
-$20.6M
5
CC
Cannell Capital
Wyoming
-$12.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$157M +$6M +61,311 +4%
BlackRock
2
BlackRock
New York
$157M +$5.62M +57,461 +4%
ACH
3
ArrowMark Colorado Holdings
Colorado
$94.3M +$19.1M +194,938 +29%
Thrivent Financial for Lutherans
4
Thrivent Financial for Lutherans
Minnesota
$91.8M +$3.76M +38,437 +5%
Geode Capital Management
5
Geode Capital Management
Massachusetts
$58.7M +$2.78M +28,463 +6%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$58.2M -$11.4M -117,031 -18%
DSCM
7
Divisadero Street Capital Management
Florida
$57.6M -$43.3M -442,852 -45%
First Trust Advisors
8
First Trust Advisors
Illinois
$53.6M +$20.3M +207,604 +72%
T. Rowe Price Investment Management
9
T. Rowe Price Investment Management
Maryland
$53M +$14.4M +147,032 +43%
DCM
10
Driehaus Capital Management
Illinois
$52.2M +$7.51M +76,790 +19%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$50.2M -$20.7K -212 -0%
FSCM
12
First Sabrepoint Capital Management
Texas
$43.4M – – –
MRCP
13
Maple Rock Capital Partners
Ontario, Canada
$43.3M +$16.6M +170,000 +74%
Morgan Stanley
14
Morgan Stanley
New York
$41.7M -$50.9M -520,326 -57%
Arrowstreet Capital
15
Arrowstreet Capital
Massachusetts
$40.9M -$6.27M -64,161 -15%
State Street
16
State Street
Massachusetts
$40.2M +$493K +5,045 +1%
Two Sigma Investments
17
Two Sigma Investments
New York
$31.2M -$2.32M -23,694 -8%
American Century Companies
18
American Century Companies
Missouri
$31.2M -$3.3M -33,779 -11%
MP
19
Mangrove Partners
Connecticut
$28.7M +$412K +4,214 +2%
Lord, Abbett & Co
20
Lord, Abbett & Co
New Jersey
$28.5M +$25.7M +262,489 New
MAP
21
Madison Avenue Partners
New York
$26.9M +$24.2M +247,723 New
Wellington Management Group
22
Wellington Management Group
Massachusetts
$25.6M +$2.52M +25,757 +12%
D.E. Shaw & Co
23
D.E. Shaw & Co
New York
$23.1M +$856K +8,756 +4%
T. Rowe Price Associates
24
T. Rowe Price Associates
Maryland
$22.6M +$59.3K +606 +0.3%
CCM
25
Copeland Capital Management
Pennsylvania
$22.1M +$19.9M +203,505 +29,796%
1
2 3 4 5

TPB Hedge Fund Activity: Q4 2025 in Review

248 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2025, worth a combined $2B — up 10% from $1.81B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new TPB positions and 24 closed out — a net gain of 24 holders — while 87 added to existing stakes and 80 trimmed.

The largest buyer was Lord, Abbett & Co, opening a new position worth an estimated $25.7M. The largest seller was Morgan Stanley, cutting an estimated $50.9M.

  • 248 institutional investors held Turning Point Brands (TPB) as of Q4 2025, up from 226 in Q3 2025.
  • Funds reported $2B of Turning Point Brands stock for Q4 2025, up 10% quarter-over-quarter.
  • 48 funds opened new Turning Point Brands positions in Q4 2025 and 24 closed out, a net change of +24 holders.
  • The largest Turning Point Brands buyer in Q4 2025 was Lord, Abbett & Co, an estimated $25.7M added.
  • The largest Turning Point Brands seller in Q4 2025 was Morgan Stanley, an estimated $50.9M sold.

Based on aggregated 13F filings for Q4 2025.