Suburban Propane Partners
140 hedge funds and large institutions have $170M invested in Suburban Propane Partners in 2023 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 40 increasing their positions, 28 reducing their positions, and 23 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 28
1.86% less ownership
Funds ownership: 19.38% → 17.53% (-1.9%)
4% less funds holding
Funds holding: 146 → 140 (-6)
8% less capital invested
Capital invested by funds: $186M → $170M (-$15.5M)
22% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 23
35% less call options, than puts
Call options by funds: $5.08M | Put options by funds: $7.78M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$5.61M |
| 2 |
Blackstone Inc
New York
|
+$3.91M |
| 3 |
Lido Advisors
Los Angeles,
California
|
+$1.97M |
| 4 |
EWM
Evercore Wealth Management
New York
|
+$703K |
| 5 |
BHC
Bowen Hanes & Co
Ponte Vedra Beach,
Florida
|
+$696K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$17.9M |
| 2 |
N
Natixis
Paris,
France
|
-$6.23M |
| 3 |
JP Morgan Chase
New York
|
-$3.77M |
| 4 |
Morgan Stanley
New York
|
-$1.43M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$889K |
SPH Hedge Fund Activity: Q1 2023 in Review
140 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Suburban Propane Partners (SPH) for Q1 2023, worth a combined $170M — down 8.3% from $186M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of SPH and 18 opened new positions — a net loss of 5 holders — while 28 trimmed existing stakes and 40 added.
The largest buyer was Goldman Sachs, adding an estimated $5.61M. The largest seller was Invesco, cutting an estimated $17.9M.
- 140 institutional investors held Suburban Propane Partners (SPH) as of Q1 2023, down from 146 in Q4 2022.
- Funds reported $170M of Suburban Propane Partners stock for Q1 2023, down 8.3% quarter-over-quarter.
- 18 funds opened new Suburban Propane Partners positions in Q1 2023 and 23 closed out, a net change of -5 holders.
- The largest Suburban Propane Partners buyer in Q1 2023 was Goldman Sachs, an estimated $5.61M added.
- The largest Suburban Propane Partners seller in Q1 2023 was Invesco, an estimated $17.9M sold.
Based on aggregated 13F filings for Q1 2023.