Turning Point Brands, Inc.
US ˙ NYSE ˙ US90041L1052

SecurityTPB / Turning Point Brands, Inc.
InstitutionLazard Asset Management Llc
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Lazard Asset Management Llc closes position in TPB / Turning Point Brands, Inc.

On November 14, 2025 - Lazard Asset Management Llc filed a 13F-HR form disclosing ownership of 0 shares of Turning Point Brands, Inc. (US:TPB) valued at $0 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 1,842 shares of Turning Point Brands, Inc.. The current value of the position is $0 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)
2025-11-14 2025-09-30 13F TURNING POINT Common Stock 90041L105 0 -100.00 0
2025-08-14 2025-06-30 13F TURNING POINT Common Stock 90041L105 1,842 462 33.48 0 0.0002
2025-05-15 2025-03-31 13F TURNING POINT Common Stock 90041L105 1,380 -160 -10.39 0 0.0001
2025-02-14 2024-12-31 13F TURNING POINT Common Stock 90041L105 1,540 -111 -6.72 0 0.0001
2024-11-14 2024-09-30 13F TURNING POINT Common Stock 90041L105 1,651 -5 -0.30 0 0.0001
2024-08-14 2024-06-30 13F TURNING POINT Common Stock 90041L105 1,656 -7 -0.42 0 0.0001
2024-07-09 2024-03-31 13F/A-1 TURNING POINT Common Stock 90041L105 1,663 1,663 0 0.0001
2024-05-14 2024-03-31 13F TURNING POINT Common Stock 90041L105 1,663 1,663 0 0.0001
2024-02-14 2023-12-31 13F TURNING POINT Common Stock 90041L105 0 -1,538 -100.00 0 0.0000
2023-11-14 2023-09-30 13F TURNING POINT Common Stock 90041L105 1,538 382 33.04 0 0.0000
2023-08-15 2023-06-30 13F TURNING POINT Common Stock 90041L105 1,156 0 0.00 0 0.0000
2023-05-15 2023-03-31 13F TURNING POINT Common Stock 90041L105 1,156 0 0.00 0 -100.00 0.0000
2023-02-15 2022-12-31 13F TURNING POINT Common Stock 90041L105 1,156 362 45.59 25 56.25 0.0000
2022-11-14 2022-09-30 13F TURNING POINT Common Stock 90041L105 794 0 0.00 16 -23.81 0.0000
2022-08-09 2022-06-30 13F TURNING POINT Common Stock 90041L105 794 0 0.00 21 -22.22 0.0000
2022-05-13 2022-03-31 13F TURNING POINT Common Stock 90041L105 794 0 0.00 27 -6.90 0.0000
2022-02-09 2021-12-31 13F TURNING POINT Common Stock 90041L105 794 -55,295 -98.58 29 -98.92 0.0000
2021-11-15 2021-09-30 13F TURNING POINT Common Stock 90041L105 56,089 55,036 5,226.59 2,678 5,479.17 0.0030
2021-08-12 2021-06-30 13F TURNING POINT Common Stock 90041L105 1,053 -2,401 -69.51 48 -73.33 0.0001
2021-05-14 2021-03-31 13F TURNING POINT Common Stock 90041L105 3,454 -3,506 -50.37 180 -41.94 0.0002
2021-02-11 2020-12-31 13F TURNING POINT Common Stock 90041L105 6,960 -18,941 -73.13 310 -57.06 0.0004
2020-11-13 2020-09-30 13F TURNING POINT Common Stock 90041L105 25,901 -39,227 -60.23 722 -55.49 0.0010
2020-08-13 2020-06-30 13F TURNING POINT Common Stock 90041L105 65,128 65,128 1,622 0.0025
2020-05-14 2020-03-31 13F TURNING POINT Common Stock 90041L105 0 -5,710 -100.00 0 -100.00
2020-02-13 2019-12-31 13F TURNING POINT Common Stock 90041L105 5,710 5,710 163 0.0002
2019-11-14 2019-09-30 13F TURNING POINT Common Stock 90041L105 0 -39,332 -100.00 0 -100.00
2019-08-14 2019-06-30 13F TURNING POINT Common Stock 90041L105 39,332 0 0.00 1,926 6.29 0.0031
2019-08-28 2019-03-31 13F/A-1 TURNING POINT Common Stock 90041L105 39,332 0 0.00 1,812 69.35 0.0030
2019-05-13 2019-03-31 13F TURNING POINT Common Stock 90041L105 39,332 0 1,812
2019-08-28 2018-12-31 13F/A-1 TURNING POINT Common Stock 90041L105 39,332 24,963 173.73 1,070 79.83 0.0020
2019-02-13 2018-12-31 13F TURNING POINT Common Stock 90041L105 39,332 24,963 1,070
2019-08-30 2018-09-30 13F/A-1 TURNING POINT Common Stock 90041L105 14,369 14,369 595 0.0010
2018-11-13 2018-09-30 13F TURNING POINT Common Stock 90041L105 14,369 595 0.0011
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.