Crown Advisors Management, Inc. reduced its stake in Turning Point Brands (NYSE:TPB) by 35,000 shares in the first quarter, an estimated $3.90 million trade based on quarterly average pricing, according to its May 7, 2026, SEC filing.
What happened According to a filing with the Securities and Exchange Commission dated May 7, 2026, Crown Advisors Management, Inc. sold 35,000 shares of Turning Point Brands in the first quarter
The transaction’s estimated value was $3.90 million, based on the average closing price for the quarter. The holding’s value at quarter-end fell by $4.12 million, a figure that includes both the share sale and underlying price changes. What else to know – This reduction leaves TPB at 0.86% of the fund’s 13F assets as of March 31, 2026. – Top holdings after the filing: – NYSE:FIX: $17.93 million (11.9% of AUM) – NASDAQ:LRCX: $10.68 million (7.1% of AUM) – NASDAQ:NVDA: $10.46 million (6.9% of AUM) – NASDAQ:STRL: $8.14 million (5.4% of AUM) – NASDAQ:LOPE: $7.65 million (5.1% of AUM) – – As of May 7, 2026, TPB shares were priced at $90.22, up 22% from one year earlier, compared to a 30% gain for the S&P 500 in the same period.
Company overview Company snapshot – Turning Point Brands, Inc. offers branded consumer products, including rolling papers, cigars, moist snuff, chewing tobacco, and vapor products under brands such as Zig-Zag and Stoker’s. – The company generates revenue through manufacturing, marketing, and distributing tobacco and alternative products across three segments: Zig-Zag Products, Stoker’s Products, and NewGen Products. – Primary customers include wholesale distributors, retail merchants, and convenience stores, as well as individual consumers Turning Point Brands, Inc. is a diversified consumer products company with a focus on tobacco and next-generation alternatives. The company leverages established brands and a broad distribution network to maintain strong market positions in both traditional and emerging product…