Meridian Small Cap Growth Fund, managed by ArrowMark Partners, released its second-quarter 2025 investor letter, reporting a 6.96% (net) return compared to the Russell 2000 Growth Index’s 11.97% return. The fund highlighted Turning Point Brands, Inc. (NYSE:TPB), which saw a one-month return of 25.45% and shares gaining 146.44% over the last 52 weeks, closing at $98.58 per share on August 18, 2025. The fund acknowledged the potential of Turning Point Brands, Inc. (NYSE:TPB) as an investment but believes certain AI stocks offer greater upside potential with less downside risk.

Turning Point Brands, Inc. (NYSE:TPB) was not listed among the 30 Most Popular Stocks Among Hedge Funds in 2024 Q3, although 38 hedge fund portfolios held the stock by the end of the first quarter, a slight increase from the quarter before. The company’s revenue in the second quarter increased by 25% to $116.6 million. Analysts have also shared the best bear market stocks to buy, including Turning Point Brands, Inc. (NYSE:TPB). For more investor letters from hedge funds and leading investors, visit the hedge fund investor letters Q2 2025 page.

Read more at Yahoo Finance: Here’s What Lifted Turning Point Brands (TPB)