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Turning Point Brands (TPB) Surged on Quarterly Performance with Strong Growth Across Key Business Segments

Investment management company Maran Capital Management recently released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. Maran Partners Fund returned +1.0% net of all fees and expenses in the third quarter, which makes the yearly returns +9.0% net. The partnership compounded at a rate greater than 14% annually net, over the past five years, just slightly less than a “five-year double.” In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

Maran Capital Management highlighted stocks like Turning Point Brands,...