Turning Point Brands, Inc. (TPB) Institutional Ownership
Q1 2026 13F Data|Updated 2026-06-13
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Institutional ownership decreased this quarter (-22.92 pp), representing a broadly distributed shareholder base.
Institutional Ownership90.2%$1.4B total value · ▼ 22.92 pp vs prior quarter
Can exceed 100% due to securities lending, short interest, and reporting timing differences.
Smart Money Score40 / 100Neutral
Based on ownership concentration, fund quality, buying/selling activity, conviction signals, and institutional trend.
Institutions & Flow234 holders-8 net flow (+41 / -49)
AI Insights & Key Takeaways
- Negative Institutional Flow (-8)
- Two Sigma Investments, Lp and Susquehanna International Group, Llp maintain significant positions
- Top 10 holders control 41.5% of institutional value
- No Insider Signal
Top Institutional Holders of TPB
Ranked by reported Q1 2026 13F market value
Top 10 Holders
41.5%
Top 25 Holders
68.6%
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. | 1.5M | $127.6M | +1.7% | 7.593% | 0.00% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 816K | $70.8M | — | 4.214% | 0.00% |
| 3 | ArrowMark Colorado Holdings LLC | 745K | $64.7M | -14.3% | 3.849% | 1.72% |
| 4 | FIRST TRUST ADVISORS LP | 690K | $59.9M | +39.6% | 3.562% | 0.04% |
| 5 | DRIEHAUS CAPITAL MANAGEMENT LLC | 643K | $55.8M | +33.4% | 3.319% | 0.41% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 601K | $52.2M | +10.9% | 3.103% | 0.00% |
| 7 | FMR LLC | 524K | $45.5M | -2.4% | 2.707% | 0.00% |
| 8 | TWO SIGMA INVESTMENTS, LP | 515K | $44.7M | +78.7% | 2.659% | 0.04% |
| 9 | DIMENSIONAL FUND ADVISORS LP | 454K | $39.4M | -2.0% | 2.343% | 0.01% |
| 10 | Maple Rock Capital Partners Inc. | 436K | $37.8M | +9.2% | 2.251% | 1.23% |
| 11 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 412K | $35.8M | +11.7% | 2.128% | 0.00% |
| 12 | Copeland Capital Management, LLC | 407K | $35.3M | +99.4% | 2.103% | 0.79% |
| 13 | FIRST SABREPOINT CAPITAL MANAGEMENT LP | 400K | $34.7M | 0.0% | 2.065% | 14.19% |
| 14 | VANGUARD PORTFOLIO MANAGEMENT LLC | 400K | $34.7M | — | 2.064% | 0.00% |
| 15 | STATE STREET CORP | 384K | $33.3M | +3.6% | 1.980% | 0.00% |
| 16 | AMERICAN CENTURY COMPANIES INC | 365K | $31.7M | +27.1% | 1.887% | 0.02% |
| 17 | Divisadero Street Capital Management, LP | 296K | $25.7M | -44.4% | 1.526% | 1.20% |
| 18 | BANK OF AMERICA CORP /DE/ | 291K | $25.2M | +66.9% | 1.502% | 0.00% |
| 19 | APIS CAPITAL ADVISORS, LLC | 254K | $22.0M | +54.5% | 1.311% | 3.40% |
| 20 | Madison Avenue Partners, LP | 248K | $21.5M | 0.0% | 1.279% | 0.93% |
| 21 | Junto Capital Management LP | 242K | $21.0M | — | 1.248% | 0.45% |
| 22 | WELLINGTON MANAGEMENT GROUP LLP | 230K | $19.9M | -2.6% | 1.187% | 0.00% |
| 23 | Caption Management, LLC | 204K | $17.7M | — | 1.055% | 0.17% |
| 24 | GOLDMAN SACHS GROUP INC | 185K | $16.1M | +55.2% | 0.955% | 0.00% |
| 25 | NORTHERN TRUST CORP | 178K | $15.4M | +5.4% | 0.917% | 0.00% |
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.
Quarterly Institutional Activity
Filings activity in TPB during Q1 2026, grouped by how each filer changed its position.
- FIRST TRUST ADVISORS LP$59.9M
- DRIEHAUS CAPITAL MANAGEMENT LLC$55.8M
- TWO SIGMA INVESTMENTS, LP$44.7M
- Copeland Capital Management, LLC$35.3M
- AMERICAN CENTURY COMPANIES INC$31.7M
- BANK OF AMERICA CORP /DE/$25.2M
- APIS CAPITAL ADVISORS, LLC$22.0M
- GOLDMAN SACHS GROUP INC$16.1M
- RIPOSTE CAPITAL LLC$13.0M
- GUARDIAN POINT CAPITAL, LP$10.8M
- MARSHALL WACE, LLP$10.8M
- MILLENNIUM MANAGEMENT LLC$10.7M
TPB Institutional Ownership by Quarter
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 |
|---|---|---|---|---|---|---|
| Q1 2026 | 234 | 3.3% | 90.18% | 22.92 pp | $1.44B | 20% |
| Q4 2025 | 242 | +11% | 113.10% | +8.55 pp | $1.81B | +8.2% |
| Q3 2025 | 219 | +5.8% | 104.55% | +30.20 pp | $1.67B | +41% |
| Q2 2025 | 207 | +3.0% | 74.35% | +21.54 pp | $1.19B | +41% |
| Q1 2025 | 201 | +4.1% | 52.81% | +2.74 pp | $844M | +5.5% |
| Q4 2024 | 193 | +18% | 50.07% | +15.47 pp | $800M | +45% |
| Q3 2024 | 163 | +10% | 34.60% | +9.49 pp | $553M | +38% |
| Q2 2024 | 148 | — | 25.11% | — | $401M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
TPB — Frequently Asked Questions
Quick answers to the most common questions about buying TPB stock.
What percentage of TPB is owned by institutions?
Based on Q1 2026 13F filings, institutional ownership of Turning Point Brands, Inc. stands at 90.2%, held across 234 reporting institutions.
Who is the largest institutional holder of TPB?
BlackRock, Inc. is the largest reported institutional holder of TPB, with approximately 1,470,602 shares worth $0.13B as of Q1 2026.
Is TPB a hedge fund favorite?
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of TPB, including TWO SIGMA INVESTMENTS, LP, SUSQUEHANNA INTERNATIONAL GROUP, LLP.
What is TPB's Smart Money Score?
Our composite Smart Money Score for TPB is 40 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
How many institutions bought TPB this quarter?
41 institutions opened new positions in TPB during Q1 2026, while 49 fully exited. 53 added to existing positions and 139 trimmed.
How is institutional ownership of TPB changing?
TPB institutional ownership fell by 22.92 percentage points quarter-over-quarter, with a net change of -8 holders.
How concentrated is TPB ownership among the top holders?
The top 10 institutions account for 41.5% of all reported 13F value in TPB, and the top 25 account for 68.6%.
Where does this TPB institutional ownership data come from?
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.