Suburban Propane Partners
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
+$11.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$8.82M |
| 3 |
MHI
Miller Howard Investments
Kingston,
New York
|
+$4.27M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$3.57M |
| 5 |
LCS
Levin Capital Strategies
New York
|
+$2.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$10.7M |
| 2 |
ACM
Abrams Capital Management
Boston,
Massachusetts
|
-$6.23M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$4.91M |
| 4 |
ClearBridge Investments
New York
|
-$4.8M |
| 5 |
Morgan Stanley
New York
|
-$4.59M |
SPH Hedge Fund Activity: Q1 2020 in Review
150 of the 4,547 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.