Turning Point Brands, Inc.
US ˙ NYSE ˙ US90041L1052

SecurityTPB / Turning Point Brands, Inc.
InstitutionParthenon Llc
Latest Disclosed Ownership25,470 shares
Latest Disclosed Value $ 2,210,541
Parthenon Llc reports 17.22% decrease in ownership of TPB / Turning Point Brands, Inc.

On April 28, 2026 - Parthenon Llc filed a 13F-HR form disclosing ownership of 25,470 shares of Turning Point Brands, Inc. (US:TPB) valued at $2,210,541 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 23, 2026 disclosing 30,770 shares of Turning Point Brands, Inc.. This represents a change in shares of -17.22% during the quarter. The current value of the position is $2,196,533 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-28 2026-03-31 13F TURNING PT BRANDS COM 90041L105 25,470 -5,300 -17.22 2,211 -33.73 0.2527
2026-01-23 2025-12-31 13F TURNING PT BRANDS COM 90041L105 30,770 0 0.00 3,335 9.67 0.3599
2025-10-31 2025-09-30 13F TURNING PT BRANDS COM 90041L105 30,770 -18,000 -36.91 3,042 -17.70 0.3371
2025-07-29 2025-06-30 13F TURNING PT BRANDS COM 90041L105 48,770 0 0.00 3,695 27.50 0.4227
2025-05-02 2025-03-31 13F TURNING PT BRANDS COM 90041L105 48,770 -3,000 -5.79 2,899 -6.85 0.3565
2025-02-03 2024-12-31 13F TURNING PT BRANDS COM 90041L105 51,770 0 0.00 3,111 39.32 0.3763
2024-11-05 2024-09-30 13F TURNING PT BRANDS COM 90041L105 51,770 0 0.00 2,234 34.44 0.2668
2024-08-08 2024-06-30 13F TURNING PT BRANDS COM 90041L105 51,770 0 0.00 1,661 9.56 0.2110
2024-04-30 2024-03-31 13F TURNING PT BRANDS COM 90041L105 51,770 0 0.00 1,517 11.31 0.1923
2024-02-05 2023-12-31 13F TURNING PT BRANDS COM 90041L105 51,770 0 0.00 1,363 13.97 0.1884
2023-10-30 2023-09-30 13F TURNING PT BRANDS COM 90041L105 51,770 0 0.00 1,195 -3.78 0.1794
2023-07-27 2023-06-30 13F TURNING PT BRANDS COM 90041L105 51,770 0 0.00 1,243 14.26 0.1796
2023-05-08 2023-03-31 13F TURNING PT BRANDS COM 90041L105 51,770 0 0.00 1,087 -2.86 0.1664
2023-02-08 2022-12-31 13F TURNING PT BRANDS COM 90041L105 51,770 0 0.00 1,120 1.82 0.1837
2022-11-01 2022-09-30 13F TURNING PT BRANDS COM 90041L105 51,770 -1,000 -1.90 1,099 -23.25 0.1983
2022-07-29 2022-06-30 13F TURNING PT BRANDS COM 90041L105 52,770 0 0.00 1,432 -20.22 0.2428
2022-05-09 2022-03-31 13F TURNING PT BRANDS COM 90041L105 52,770 -1,000 -1.86 1,795 -11.62 0.2602
2022-02-07 2021-12-31 13F TURNING PT BRANDS COM 90041L105 53,770 0 0.00 2,031 -20.91 0.2849
2021-10-28 2021-09-30 13F TURNING PT BRANDS COM 90041L105 53,770 0 0.00 2,568 4.35 0.3859
2021-07-28 2021-06-30 13F TURNING PT BRANDS COM 90041L105 53,770 8,000 17.48 2,461 3.06 0.3687
2021-04-23 2021-03-31 13F TURNING PT BRANDS COM 90041L105 45,770 -5,500 -10.73 2,388 4.51 0.3840
2021-02-03 2020-12-31 13F TURNING PT BRANDS COM 90041L105 51,270 -4,000 -7.24 2,285 48.18 0.3941
2020-10-29 2020-09-30 13F TURNING PT BRANDS COM 90041L105 55,270 6,000 12.18 1,542 25.67 0.2991
2020-07-24 2020-06-30 13F TURNING PT BRANDS COM 90041L105 49,270 7,070 16.75 1,227 37.71 0.2548
2020-04-28 2020-03-31 13F TURNING PT BRANDS COM 90041L105 42,200 42,200 891 0.2120
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.