Suburban Propane Partners
131 hedge funds and large institutions have $353M invested in Suburban Propane Partners in 2023 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 29 increasing their positions, 40 reducing their positions, and 19 closing their positions.
70% more capital invested
Capital invested by funds: $207M → $353M (+$146M)
21% more call options, than puts
Call options by funds: $8.86M | Put options by funds: $7.29M
10.71% more ownership
Funds ownership: 20.34% → 31.05% (+11%)
5% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 19
4% less funds holding
Funds holding: 136 → 131 (-5)
28% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
ALPS Advisors
Denver,
Colorado
|
+$183M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$5.39M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.52M |
| 4 |
FI
Fractal Investments
Glastonbury,
Connecticut
|
+$3.24M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$20.6M |
| 2 |
JP Morgan Chase
New York
|
-$20.4M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$9.23M |
| 4 |
N
Natixis
Paris,
France
|
-$4.79M |
| 5 |
EIP
Energy Income Partners
Westport,
Connecticut
|
-$4.26M |
SPH Hedge Fund Activity: Q4 2023 in Review
131 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Suburban Propane Partners (SPH) for Q4 2023, worth a combined $353M — up 70% from $207M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of SPH and 18 opened new positions — a net loss of 1 holder — while 40 trimmed existing stakes and 29 added.
The largest buyer was ALPS Advisors, opening a new position worth an estimated $183M. The largest seller was Invesco, cutting an estimated $20.6M.
- 131 institutional investors held Suburban Propane Partners (SPH) as of Q4 2023, down from 136 in Q3 2023.
- Funds reported $353M of Suburban Propane Partners stock for Q4 2023, up 70% quarter-over-quarter.
- 18 funds opened new Suburban Propane Partners positions in Q4 2023 and 19 closed out, a net change of -1 holder.
- The largest Suburban Propane Partners buyer in Q4 2023 was ALPS Advisors, an estimated $183M added.
- The largest Suburban Propane Partners seller in Q4 2023 was Invesco, an estimated $20.6M sold.
Based on aggregated 13F filings for Q4 2023.