Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in TPB held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 1.6M | $137.3M | +10.1% | 8.357% | 0.00% |
| 2 | Divisadero Street Capital Management, LP | 1.3M | $107.3M | +328.1% | 6.533% | 2.43% |
| 3 | FIRST TRUST ADVISORS LP | 975K | $82.7M | +41.4% | 5.037% | 0.05% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 823K | $69.8M | +0.8% | 4.247% | 0.00% |
| 5 | Copeland Capital Management, LLC | 690K | $58.5M | +69.5% | 3.564% | 1.20% |
| 6 | Maple Rock Capital Partners Inc. | 687K | $58.2M | +57.5% | 3.546% | 1.14% |
| 7 | AMERICAN CENTURY COMPANIES INC | 627K | $53.2M | +71.7% | 3.240% | 0.02% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 622K | $52.7M | +3.4% | 3.209% | 0.00% |
| 9 | TWO SIGMA INVESTMENTS, LP | 568K | $48.2M | +10.3% | 2.934% | 0.03% |
| 10 | BANK OF AMERICA CORP /DE/ | 557K | $47.3M | +91.7% | 2.878% | 0.00% |
| 11 | FIRST SABREPOINT CAPITAL MANAGEMENT LP | 480K | $40.7M | +20.0% | 2.478% | 13.39% |
| 12 | Qube Research & Technologies Ltd | 454K | $38.5M | +244.2% | 2.345% | 0.04% |
| 13 | DIMENSIONAL FUND ADVISORS LP | 453K | $38.4M | -0.2% | 2.339% | 0.01% |
| 14 | STATE STREET CORP | 405K | $34.4M | +5.7% | 2.093% | 0.00% |
| 15 | VANGUARD PORTFOLIO MANAGEMENT LLC | 341K | $28.9M | -14.8% | 1.758% | 0.00% |
| 16 | MORGAN STANLEY | 335K | $28.4M | +180.1% | 1.728% | 0.00% |
| 17 | JANE STREET GROUP, LLC | 295K | $25.0M | +84.8% | 1.522% | 0.00% |
| 18 | ArrowMark Colorado Holdings LLC | 294K | $24.9M | -60.5% | 1.519% | 1.04% |
| 19 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 289K | $24.5M | -29.8% | 1.493% | 0.00% |
| 20 | DRIEHAUS CAPITAL MANAGEMENT LLC | 264K | $22.4M | -58.9% | 1.363% | 0.13% |
| 21 | Madison Avenue Partners, LP | 248K | $21.0M | +0.0% | 1.280% | 0.90% |
| 22 | APIS CAPITAL ADVISORS, LLC | 247K | $20.9M | -2.9% | 1.273% | 2.04% |
| 23 | D. E. Shaw & Co., Inc. | 245K | $20.8M | +68.5% | 1.266% | 0.01% |
| 24 | NORTHERN TRUST CORP | 207K | $17.6M | +16.8% | 1.071% | 0.00% |
| 25 | MACKENZIE FINANCIAL CORP | 202K | $17.2M | — | 1.044% | 0.02% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in TPB — a direct measure of their conviction.
Filings activity in TPB during Q2 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 230 | 4.2% | 106.08% | +3.66 pp | $1.58B | +5.9% |
| Q1 2026 | 240 | 1.6% | 102.42% | +2.08 pp | $1.49B | 19% |
| Q4 2025 | 244 | +9.4% | 100.34% | 1.69 pp | $1.83B | +7.8% |
| Q3 2025 | 223 | +7.7% | 102.03% | +9.27 pp | $1.69B | +43% |
| Q2 2025 | 207 | +3.0% | 92.76% | +6.72 pp | $1.19B | +41% |
| Q1 2025 | 201 | +4.1% | 86.04% | +1.70 pp | $844M | +5.5% |
| Q4 2024 | 193 | +18% | 84.34% | +0.77 pp | $800M | +45% |
| Q3 2024 | 163 | — | 83.57% | — | $553M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying TPB stock.
Based on Q2 2026 13F filings, institutional ownership of Turning Point Brands, Inc. stands at 106.1%, held across 230 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of TPB, with approximately 1,618,598 shares worth $0.14B as of Q2 2026.
Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of TPB, including TWO SIGMA INVESTMENTS, LP, JANE STREET GROUP, LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for TPB is 65 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
38 institutions opened new positions in TPB during Q2 2026, while 48 fully exited. 91 added to existing positions and 96 trimmed.
TPB institutional ownership rose by 3.66 percentage points quarter-over-quarter, with a net change of -10 holders.
The top 10 institutions account for 45.4% of all reported 13F value in TPB, and the top 25 account for 71.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Turning Point Brands, Inc. (TPB) Institutional Ownership