Turning Point Brands
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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$25.7M |
| 2 |
MAP
Madison Avenue Partners
New York
|
+$24.2M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$20.3M |
| 4 |
CCM
Copeland Capital Management
Conshohocken,
Pennsylvania
|
+$19.9M |
| 5 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$19.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$50.9M |
| 2 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
-$43.3M |
| 3 |
CLGM
Capitolis Liquid Global Markets
New York
|
-$28.9M |
| 4 |
Millennium Management
New York
|
-$20.6M |
| 5 |
CC
Cannell Capital
Alta,
Wyoming
|
-$12.5M |
TPB Hedge Fund Activity: Q4 2025 in Review
248 of the 8,270 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.