Suburban Propane Partners
SPH
168 hedge funds and large institutions have $527M invested in Suburban Propane Partners in 2016 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 42 increasing their positions, 53 reducing their positions, and 16 closing their positions.
38% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 16
2% more funds holding
Funds holding: 164 → 168 (+4)
0.89% less ownership
Funds ownership: 29.69% → 28.8% (-0.89%)
12% less capital invested
Capital invested by funds: $601M → $527M (-$74.5M)
21% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 53
63% less call options, than puts
Call options by funds: $1.66M | Put options by funds: $4.49M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
+$18.4M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$4.66M |
| 3 |
WC
Walthausen & Co
Malta,
New York
|
+$2.98M |
| 4 |
TA
Tiedemann Advisors
New York
|
+$2.81M |
| 5 |
Goldman Sachs
New York
|
+$2.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Energy Income Partners
Westport,
Connecticut
|
-$15.7M |
| 2 |
Neuberger Berman Group
New York
|
-$8.95M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$7.79M |
| 4 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$6.17M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HT
176
HAP Trading
New York
| – | -$371K | -11,153 | Closed |
|
|
CI
177
Cowen Inc
New York
| – | -$296K | -8,886 | Closed |
|
|
MTC
178
McDaniel Terry & Co
Austin,
Texas
| – | -$220K | -6,600 | Closed |
|
|
AFP
179
Ausdal Financial Partners
Davenport,
Iowa
| – | -$213K | -6,405 | Closed |
|
|
LAM
180
Lebenthal Asset Management
New York
| – | -$40K | -1,200 | Closed |
|
181
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$32K | -959 | Closed |
|
|
WAM
182
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$32K | -959 | Closed |
|
|
KA
183
Klingman & Associates
New York
| – | -$10K | -300 | Closed |
|
|
FMP
184
Financial Management Professionals
Austin,
Texas
| – | -$9K | -280 | Closed |
|
|
IWMPD
185
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$5K | -162 | Closed |
|
|
CFD
186
Creative Financial Designs
Kokomo,
Indiana
| – | +$306 | +10 | New |
|
SPH Hedge Fund Activity: Q4 2016 in Review
168 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Suburban Propane Partners (SPH) for Q4 2016, worth a combined $527M — down 12% from $601M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new SPH positions and 16 closed out — a net gain of 6 holders — while 42 added to existing stakes and 53 trimmed.
The largest buyer was OppenheimerFunds, adding an estimated $18.4M. The largest seller was Energy Income Partners, cutting an estimated $15.7M.
- 168 institutional investors held Suburban Propane Partners (SPH) as of Q4 2016, up from 164 in Q3 2016.
- Funds reported $527M of Suburban Propane Partners stock for Q4 2016, down 12% quarter-over-quarter.
- 22 funds opened new Suburban Propane Partners positions in Q4 2016 and 16 closed out, a net change of +6 holders.
- The largest Suburban Propane Partners buyer in Q4 2016 was OppenheimerFunds, an estimated $18.4M added.
- The largest Suburban Propane Partners seller in Q4 2016 was Energy Income Partners, an estimated $15.7M sold.
Based on aggregated 13F filings for Q4 2016.