Suburban Propane Partners
SPH
133 hedge funds and large institutions have $240M invested in Suburban Propane Partners in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 34 reducing their positions, and 28 closing their positions.
4% less capital invested
Capital invested by funds: $249M → $240M (-$8.96M)
1.36% less ownership
Funds ownership: 28.42% → 27.05% (-1.4%)
11% less funds holding
Funds holding: 150 → 133 (-17)
18% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 34
20% less call options, than puts
Call options by funds: $2.79M | Put options by funds: $3.48M
57% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 28
Top Buyers
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$6.71M |
| 2 |
Barclays
London,
United Kingdom
|
+$5.74M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$5.61M |
| 4 |
Morgan Stanley
New York
|
+$5.17M |
| 5 |
LCS
Levin Capital Strategies
New York
|
+$3.42M |
Top Sellers
| 1 |
ACM
Abrams Capital Management
Boston,
Massachusetts
|
-$37.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.04M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.71M |
| 4 |
Goldman Sachs
New York
|
-$1.21M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$678K |
SPH Hedge Fund Activity: Q2 2020 in Review
133 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Suburban Propane Partners (SPH) for Q2 2020, worth a combined $240M — down 3.6% from $249M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of SPH and 12 opened new positions — a net loss of 16 holders — while 34 trimmed existing stakes and 28 added.
The largest buyer was Mirae Asset Global Investments, adding an estimated $6.71M. The largest seller was Abrams Capital Management, exiting entirely with an estimated $37.7M sold.
- 133 institutional investors held Suburban Propane Partners (SPH) as of Q2 2020, down from 150 in Q1 2020.
- Funds reported $240M of Suburban Propane Partners stock for Q2 2020, down 3.6% quarter-over-quarter.
- 12 funds opened new Suburban Propane Partners positions in Q2 2020 and 28 closed out, a net change of -16 holders.
- The largest Suburban Propane Partners buyer in Q2 2020 was Mirae Asset Global Investments, an estimated $6.71M added.
- The largest Suburban Propane Partners seller in Q2 2020 was Abrams Capital Management, an estimated $37.7M sold.
Based on aggregated 13F filings for Q2 2020.