Turning Point Brands, Inc.
A maker of branded smoking accessories and other tobacco products, Turning Point Brands sells Zig-Zag® rolling papers and cigar wraps, Stoker's® chewing tobacco and moist snuff, and modern oral nicotine pouches under the FRE® and ALP® brands. Its products reach roughly 220,000 retail locations across North America through a network of distributors. The company runs an asset-light model, outsourcing most production while keeping its brands at the top of their U.S. categories.
Estimated from filings — the split-adjusted price range over the quarters each manager built the position. A range, not a fill price; 13F reports a quarter-end snapshot, not a trade date.