Suburban Propane Partners
SPH
180 hedge funds and large institutions have $927M invested in Suburban Propane Partners in 2014 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 59 increasing their positions, 41 reducing their positions, and 25 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 41
40% more call options, than puts
Call options by funds: $4.85M | Put options by funds: $3.46M
1.5% more ownership
Funds ownership: 35.2% → 36.7% (+1.5%)
3% less funds holding
Funds holding: 185 → 180 (-5)
8% less capital invested
Capital invested by funds: $1B → $927M (-$76.1M)
20% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 25
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$30.3M |
| 2 |
Neuberger Berman Group
New York
|
+$9.22M |
| 3 |
ClearBridge Investments
New York
|
+$6.05M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.52M |
| 5 |
Renaissance Technologies
New York
|
+$3.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$37.3M |
| 2 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
-$13.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.26M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$2.13M |
| 5 |
Goldman Sachs
New York
|
-$2.08M |
SPH Hedge Fund Activity: Q1 2014 in Review
180 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Suburban Propane Partners (SPH) for Q1 2014, worth a combined $927M — down 7.6% from $1B a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of SPH and 20 opened new positions — a net loss of 5 holders — while 41 trimmed existing stakes and 59 added.
The largest buyer was First Trust Advisors, opening a new position worth an estimated $30.3M. The largest seller was Invesco, exiting entirely with an estimated $37.3M sold.
- 180 institutional investors held Suburban Propane Partners (SPH) as of Q1 2014, down from 185 in Q4 2013.
- Funds reported $927M of Suburban Propane Partners stock for Q1 2014, down 7.6% quarter-over-quarter.
- 20 funds opened new Suburban Propane Partners positions in Q1 2014 and 25 closed out, a net change of -5 holders.
- The largest Suburban Propane Partners buyer in Q1 2014 was First Trust Advisors, an estimated $30.3M added.
- The largest Suburban Propane Partners seller in Q1 2014 was Invesco, an estimated $37.3M sold.
Based on aggregated 13F filings for Q1 2014.