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Meridian Small Cap Growth Fund's investment thesis on Turning Point Brands, Inc. ($TPB) — Q3 2025 | Buyside Digest

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$TPBNYSETurning Point Brands, Inc.

BULL

Meridian Small Cap Growth Fund—TPB

Fund Letter

Q3 2025

Published September 30, 2025

View Fund Profile

$58.70USD

-22.0% vs last month

$88.41Pitched

-33.6% since pitch

Market Cap$1.7B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

The Meridian Small Cap Growth Fund returned 4.20% net during Q3 2025, underperforming the Russell 2000 Growth Index's 12.19% return. The fund's quality-oriented,...

— Chad Meade

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What other investors think about $TPB, and what else Meridian Small Cap Growth Fund is buying.

Other pitches on $TPB

Other investors who've written on Turning Point Brands, Inc.

Seven Corners Capital Management, LLCBULL

Pitched Sep 8, 2026

Turning Point Brands ($TPB) manufactures and markets alternative smoking and smokeless tobacco products, highlighted by legacy household brand names including Zig-Zag rolling papers and Stoker's tobacco. Representing 14.4% of...

View all $TPB pitches →