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Suburban Propane Partners
SPH

150 hedge funds and large institutions have $249M invested in Suburban Propane Partners in 2020 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 40 increasing their positions, 41 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more call options, than puts

Call options by funds: $1.75M | Put options by funds: $1.53M

2% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 41

1.98% less ownership

Funds ownership: 30.4% → 28.42% (-2%)

6% less funds holding

Funds holding: 159 → 150 (-9)

24% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 25

40% less capital invested

Capital invested by funds: $412M → $249M (-$163M)

Holders
150
Holders Change
-9
Holders Change %
-5.66%
% of All Funds
3.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
40
Reduced
41
Closed
25
Calls
$1.75M
Puts
$1.53M
Net Calls
+$212K
Net Calls Change
-$516K

Top Buyers

1
SOMRS
State of Michigan Retirement System
Michigan
+$11.9M
2
UBS Group
UBS Group
Switzerland
+$8.82M
3
MHI
Miller Howard Investments
New York
+$4.27M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$3.57M
5
LCS
Levin Capital Strategies
New York
+$2.28M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$10.7M
2
ACM
Abrams Capital Management
Massachusetts
-$6.23M
3
Invesco
Invesco
Georgia
-$4.91M
4
ClearBridge Investments
ClearBridge Investments
New York
-$4.8M
5
Morgan Stanley
Morgan Stanley
New York
-$4.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
126
Tradewinds Capital Management
Washington
$4K – – –
VRM
127
Vectors Research Management
New York
$4K – – –
ADL
128
Asset Dedication LLC
California
$3K – – –
EWM
129
Edge Wealth Management
New York
$3K – – –
PWMG
130
Prestige Wealth Management Group
New Jersey
$3K – – –
VFA
131
Valeo Financial Advisors
Indiana
$3K – – –
AP
132
Arlington Partners
Alabama
$2K – – –
AWM
133
Avior Wealth Management
Nebraska
$2K – – –
DAM
134
Delta Asset Management
Tennessee
$2K – – –
FWM
135
Focused Wealth Management
New York
$2K – – –
RFM
136
Royal Fund Management
Florida
$2K – – –
KFS
137
Kelly Financial Services
Massachusetts
$1.42K +$58 +3 +3%
CFFP
138
Center for Financial Planning
Michigan
$1K – – –
FCM
139
Firestone Capital Management
Florida
$1K – – –
FWM
140
FSA Wealth Management
Massachusetts
$1K – – –
HIA
141
Harbor Investment Advisory
Maryland
$1K – – –
LF
142
Lee Financial
Texas
$1K – – –
PCG
143
Private Capital Group
Connecticut
$1K – – –
SIS
144
Sound Income Strategies
Florida
$1K – – –
HNB
145
Huntington National Bank
Ohio
$1K +$1.94K +100 New
GEA
146
Glen Eagle Advisors
New Jersey
$452 – – –
BHC
147
Bowen Hanes & Co
Florida
– -$4.38M -200,350 Closed
MOACM
148
Mutual of America Capital Management
New York
– -$4.24M -193,849 Closed
CIBC Private Wealth Group
149
CIBC Private Wealth Group
Georgia
– -$3.83M -175,462 Closed
N
150
Natixis
France
– -$2.47M -113,100 Closed
3 4 5
6
7

SPH Hedge Fund Activity: Q1 2020 in Review

150 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Suburban Propane Partners (SPH) for Q1 2020, worth a combined $249M — down 40% from $412M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of SPH and 19 opened new positions — a net loss of 6 holders — while 41 trimmed existing stakes and 40 added.

The largest buyer was State of Michigan Retirement System, opening a new position worth an estimated $11.9M. The largest seller was Goldman Sachs, cutting an estimated $10.7M.

  • 150 institutional investors held Suburban Propane Partners (SPH) as of Q1 2020, down from 159 in Q4 2019.
  • Funds reported $249M of Suburban Propane Partners stock for Q1 2020, down 40% quarter-over-quarter.
  • 19 funds opened new Suburban Propane Partners positions in Q1 2020 and 25 closed out, a net change of -6 holders.
  • The largest Suburban Propane Partners buyer in Q1 2020 was State of Michigan Retirement System, an estimated $11.9M added.
  • The largest Suburban Propane Partners seller in Q1 2020 was Goldman Sachs, an estimated $10.7M sold.

Based on aggregated 13F filings for Q1 2020.