Suburban Propane Partners
143 hedge funds and large institutions have $373M invested in Suburban Propane Partners in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 41 increasing their positions, 39 reducing their positions, and 22 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 39
1.17% less ownership
Funds ownership: 26.79% → 25.62% (-1.2%)
8% less funds holding
Funds holding: 155 → 143 (-12)
16% less capital invested
Capital invested by funds: $442M → $373M (-$68.8M)
41% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 22
90% less call options, than puts
Call options by funds: $3.96M | Put options by funds: $41.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Abrams Capital Management
Boston,
Massachusetts
|
+$9.6M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$7.63M |
| 3 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$7.47M |
| 4 |
Goldman Sachs
New York
|
+$3.71M |
| 5 |
IG
ING Group
Amsterdam,
Netherlands
|
+$2.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Energy Income Partners
Westport,
Connecticut
|
-$21.3M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$7.81M |
| 3 |
First Eagle Investment Management
New York
|
-$5.29M |
| 4 |
Neuberger Berman Group
New York
|
-$5.17M |
| 5 |
JP Morgan Chase
New York
|
-$4.94M |
SPH Hedge Fund Activity: Q2 2017 in Review
143 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Suburban Propane Partners (SPH) for Q2 2017, worth a combined $373M — down 16% from $442M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of SPH and 13 opened new positions — a net loss of 9 holders — while 39 trimmed existing stakes and 41 added.
The largest buyer was Abrams Capital Management, opening a new position worth an estimated $9.6M. The largest seller was Energy Income Partners, exiting entirely with an estimated $21.3M sold.
- 143 institutional investors held Suburban Propane Partners (SPH) as of Q2 2017, down from 155 in Q1 2017.
- Funds reported $373M of Suburban Propane Partners stock for Q2 2017, down 16% quarter-over-quarter.
- 13 funds opened new Suburban Propane Partners positions in Q2 2017 and 22 closed out, a net change of -9 holders.
- The largest Suburban Propane Partners buyer in Q2 2017 was Abrams Capital Management, an estimated $9.6M added.
- The largest Suburban Propane Partners seller in Q2 2017 was Energy Income Partners, an estimated $21.3M sold.
Based on aggregated 13F filings for Q2 2017.