Suburban Propane Partners
155 hedge funds and large institutions have $442M invested in Suburban Propane Partners in 2017 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 49 increasing their positions, 40 reducing their positions, and 26 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 40
2.01% less ownership
Funds ownership: 28.8% → 26.79% (-2%)
8% less funds holding
Funds holding: 168 → 155 (-13)
16% less capital invested
Capital invested by funds: $527M → $442M (-$85M)
42% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 26
67% less call options, than puts
Call options by funds: $7.08M | Put options by funds: $21.6M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
+$20.4M |
| 2 |
MHI
Miller Howard Investments
Kingston,
New York
|
+$6.58M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$5.3M |
| 4 |
Goldman Sachs
New York
|
+$4.99M |
| 5 |
Morgan Stanley
New York
|
+$4.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Energy Income Partners
Westport,
Connecticut
|
-$24.8M |
| 2 |
WC
Walthausen & Co
Malta,
New York
|
-$19.9M |
| 3 |
GXMC
Global X Management Company
New York
|
-$7.64M |
| 4 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$6.04M |
| 5 |
GC
Grace Capital
Quincy,
Massachusetts
|
-$5.46M |
SPH Hedge Fund Activity: Q1 2017 in Review
155 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Suburban Propane Partners (SPH) for Q1 2017, worth a combined $442M — down 16% from $527M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of SPH and 15 opened new positions — a net loss of 11 holders — while 40 trimmed existing stakes and 49 added.
The largest buyer was OppenheimerFunds, adding an estimated $20.4M. The largest seller was Energy Income Partners, cutting an estimated $24.8M.
- 155 institutional investors held Suburban Propane Partners (SPH) as of Q1 2017, down from 168 in Q4 2016.
- Funds reported $442M of Suburban Propane Partners stock for Q1 2017, down 16% quarter-over-quarter.
- 15 funds opened new Suburban Propane Partners positions in Q1 2017 and 26 closed out, a net change of -11 holders.
- The largest Suburban Propane Partners buyer in Q1 2017 was OppenheimerFunds, an estimated $20.4M added.
- The largest Suburban Propane Partners seller in Q1 2017 was Energy Income Partners, an estimated $24.8M sold.
Based on aggregated 13F filings for Q1 2017.