Thrivent Financial Updates TPB Stake as of Dec 31, 2023

TL;DR

**Thrivent Financial just updated their TPB holdings, showing continued institutional interest.**

AI Summary

Thrivent Financial for Lutherans filed an amended SC 13G/A on February 7, 2024, indicating their ownership of Turning Point Brands, Inc. common stock as of December 31, 2023. This filing, Amendment No. 7, updates their previous disclosures regarding their stake in the tobacco products company. This matters to investors because it provides transparency into institutional ownership, showing that a significant financial institution continues to hold a position in TPB, which can influence market perception and stability.

Why It Matters

This filing confirms Thrivent Financial for Lutherans' continued institutional ownership in Turning Point Brands, Inc., offering insight into a major investor's position and potentially signaling confidence or a stable holding in the company.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate significant risk or change in company fundamentals.

Analyst Insight

An investor should note that a major institutional investor, Thrivent Financial, continues to hold a position in Turning Point Brands, Inc. This indicates ongoing institutional interest, but without specific share count changes, it doesn't signal a strong buy or sell. It's a data point for understanding the institutional ownership landscape.

Key Players & Entities

• Thrivent Financial for Lutherans (company) — the reporting person and institutional investor
• Turning Point Brands, Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 7, 2024 (date) — the filing date of the SC 13G/A
• Amendment No. 7 (number) — the specific amendment number of the filing

FAQ

Filing Documents

• tfl13ga7tpb.htm (SC 13G/A) — 43KB
• 0000314984-24-000007.txt ( ) — 45KB

From the Filing

SC 13G/A 1 tfl13ga7tpb.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 7 )* Turning Point Brands, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 90041L105 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 90041L105 1 NAMES OF REPORTING PERSONS. Thrivent Financial for Lutherans 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (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 17,415 (1) 6 SHARED VOTING POWER 1,908,106 (2) 7 SOLE DISPOSITIVE POWER 17,415 (1) 8 SHARED DISPOSITIVE POWER 1,908,106 (2) 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,925,521 (1), (2) 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) 10.94% (3) 12 TYPE OF REPORTING PERSON (See Instructions) IC, IA (1) Represents shares held by Thrivent Defined Benefit Plan Trust for which Thrivent Financial for Lutherans serves as investment adviser. (2) Represents 699,040 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 1,209,066 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. (3) The percentage calculations used herein are based on the statement in the Company's report on Form 10-K for the year ended September 30, 2023, as filed with the Securities and Exchange Commission on November 8, 2023, that were 17,604,527 shares of Turning Point Brands, Inc. Common Stock outstanding at November 1, 2023. Item 1. (a) Name of Issuer: Turning Point Brands, Inc. (b) Address of Issuer's Principal Executive Offices: 5201 Interchange Way Louisville, KY 40229 Item 2. (a) Name of Person Filing: Thrivent Financial for Lutherans (b) Address of Principal Business Office or, if None, Residence: 901 Marquette Avenue, Suite 2500 Minneapolis, MN 55402-3211 (c) Citizenship: Thrivent Financial for Lutherans is a Wisconsin fraternal benefit society. (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 90041L105 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 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) 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 association 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) Group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4. (a) Amount beneficially owned: 1,925,521 (1), (2) (b) Percent of Class: 10.94% (3) (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 17,415 (1) (ii) Shared power to vote or to direct the vote: 1,908,106 (2) (iii) Sole power to dispose or to direct the disposition of: 17,415 (1) (iv) Shared power to dispose or to direct the disposition of: 1,908,106 (2) Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following . It

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