Turning Point Brands, Inc. Schedule 13G/A amendment: Thrivent Financial for Lutherans reports beneficial ownership of 1,232,365 shares of common stock, representing 6.37% of the class based on March 12, 2026 outstanding share count.
The filing states 17,672 shares are held with sole voting/dispositive power and 1,214,693 shares are held with shared voting/dispositive power across Thrivent-managed accounts, registered investment companies and a defined benefit plan trust.
Positive
None.
Negative
None.
Insights
Thrivent holds a meaningful passive stake of 6.37% in TPB.
Thrivent Financial for Lutherans reports beneficial ownership of 1,232,365 shares, with a mix of sole and shared voting/dispositive arrangements reflecting advisory and account structures. The percentage uses the company’s stated outstanding shares as of March 12, 2026.
Institutional filings like this typically reflect stewardship and advisory allocations rather than an active control change; subsequent filings could show changes if Thrivent adjusts its allocations or voting stance.
Key Figures
Beneficial ownership:1,232,365 sharesPercent of class:6.37%Shares outstanding:19,340,722 shares+2 more
5 metrics
Beneficial ownership1,232,365 sharestotal reported by Thrivent Financial
Percent of class6.37%based on 19,340,722 shares outstanding as of March 12, 2026
Shares outstanding19,340,722 sharescompany figure cited for <date>March 12, 2026</date>
Sole voting power17,672 sharesheld in Thrivent general account and defined benefit plan trust
Shared voting power1,214,693 sharesheld by registered investment companies advised by Thrivent entities
"Amount beneficially owned: 1,232,365 Represents shares held by Thrivent Financial"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive powerregulatory
"Shared power to dispose or to direct the disposition of: 1,214,693"
Schedule 13G/Aregulatory
"Item 1. | (a) | Name of issuer: Turning Point Brands, Inc."
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 9)
Turning Point Brands, Inc.
(Name of Issuer)
Common Shares
(Title of Class of Securities)
90041L105
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
90041L105
1
Names of Reporting Persons
THRIVENT FINANCIAL FOR LUTHERANS
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
WISCONSIN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
17,672.00
6
Shared Voting Power
1,214,693.00
7
Sole Dispositive Power
17,672.00
8
Shared Dispositive Power
1,214,693.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,232,365.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.4 %
12
Type of Reporting Person (See Instructions)
IA, IC
Comment for Type of Reporting Person: Item 5, Item 7, Item 9 - Represents shares held by Thrivent Financial for Lutherans in its general account and shares held in the Thrivent Defined Benefit Plan Trust for which Thrivent Financial for Lutherans serves as investment adviser.
Item 6, Item 8, Item 9 - Represents 309,367 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 905,326 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser.
Item 11 - The percentage calculations used herein are based on the statement in the Company's Schedule 14A as filed with the Securities and Exchange Commission on March 25, 2026, that there were 19,340,722 shares outstanding of Turning Point Brands, Inc. as of March 12, 2026.
Address or principal business office or, if none, residence:
901 Marquette Avenue, Suite 2500
Minneapolis, Minnesota 55402
(c)
Citizenship:
Thrivent Financial for Lutherans is a Wisconsin fraternal benefit society.
(d)
Title of class of securities:
Common Shares
(e)
CUSIP No.:
90041L105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,232,365
Represents shares held by Thrivent Financial for Lutherans in its general account and shares held in the Thrivent Defined Benefit Plan Trust for which Thrivent Financial for Lutherans serves as investment adviser.
Represents 309,367 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 905,326 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser.
(b)
Percent of class:
6.37
The percentage calculations used herein are based on the statement in the Company's Schedule 14A as filed with the Securities and Exchange Commission on March 25, 2026, that there were 19,340,722 shares outstanding of Turning Point Brands, Inc. as of March 12, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
17,672
Represents shares held by Thrivent Financial for Lutherans in its general account and shares held in the Thrivent Defined Benefit Plan Trust for which Thrivent Financial for Lutherans serves as investment adviser.
(ii) Shared power to vote or to direct the vote:
1,214,693
Represents 309,367 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 905,326 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser.
(iii) Sole power to dispose or to direct the disposition of:
17,672
Represents shares held by Thrivent Financial for Lutherans in its general account and shares held in the Thrivent Defined Benefit Plan Trust for which Thrivent Financial for Lutherans serves as investment adviser.
(iv) Shared power to dispose or to direct the disposition of:
1,214,693
Represents 309,367 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 905,326 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Thrivent reports beneficial ownership of 1,232,365 shares of Turning Point Brands common stock. This total combines shares in Thrivent's general account, a defined benefit plan trust, and shares held by registered investment companies advised by Thrivent.
What percentage of TPB does Thrivent own (TPB)?
The filing states Thrivent's stake is 6.37% of Turning Point Brands' outstanding shares. That percentage is calculated using 19,340,722 shares outstanding reported as of March 12, 2026 in the company’s proxy statement.
How is Thrivent's voting power in TPB allocated?
Thrivent indicates 17,672 shares with sole voting power and 1,214,693 shares with shared voting power. The split reflects shares held directly in Thrivent accounts and shares held by registered investment companies for which Thrivent or its subsidiary serves as adviser.
Does Thrivent act as investment adviser for these TPB holdings?
Yes. The filing explains many shares are held by registered investment companies for which Thrivent Financial or Thrivent Asset Management, LLC serves as investment adviser, and some shares are in a defined benefit plan trust managed by Thrivent.
