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SPPP

Sprott Physical Platinum and Palladium Trust
SPPP

40 hedge funds and large institutions have $61.5M invested in Sprott Physical Platinum and Palladium Trust in 2013 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more capital invested

Capital invested by funds: $48.7M → $61.5M (+$12.8M)

11% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 9

3.91% more ownership

Funds ownership: 20.8% → 24.71% (+3.9%)

0% more funds holding

Funds holding: 40 → 40 (0)

0% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 2

Holders
40
Holders Change
–
Holders Change %
0%
% of All Funds
1.3%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
2
Increased
10
Reduced
9
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
+$11.1M
2
Jane Street
Jane Street
New York
+$705K
3
WAM
Weiss Asset Management
Massachusetts
+$490K
4
PWP
Private Wealth Partners
California
+$215K
5
RJA
Raymond James & Associates
Florida
+$215K

Top Sellers

Rank Fund Capital Flow
1
Federated Hermes
Federated Hermes
Pennsylvania
-$1.37M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$783K
3
Macquarie Group
Macquarie Group
Australia
-$347K
4
WG
Winchester Group
New York
-$259K
5
Neuberger Berman Group
Neuberger Berman Group
New York
-$139K
Name Holding Trade Value Shares
Change 		Change in
Stake
U
26
UBS
Switzerland
$114K +$25.1K +2,753 +28%
LPL Financial
27
LPL Financial
California
$108K +$112K +12,325 New
SC
28
Scotia Capital
Ontario, Canada
$100K – – –
BRWA
29
B. Riley Wealth Advisors
Florida
$89K – – –
SI
30
Stephens Inc
Arkansas
$89K +$91.2K +10,000 New
Creative Planning
31
Creative Planning
Kansas
$52K – – –
Deutsche Bank
32
Deutsche Bank
Germany
$34K +$18.2K +2,000 +100%
Bank of Montreal
33
Bank of Montreal
Ontario, Canada
$31K – – –
TF
34
Tompkins Financial
New York
$18K – – –
AIG
35
American International Group
New York
$7.13K – – –
CTC
36
Central Trust Company
Missouri
$7K – – –
S
37
SignatureFD
Georgia
$5K – – –
FA
38
Financial Advantage
Maryland
$4K – – –
MFS
39
MSI Financial Services
Massachusetts
$4K – – –
CAPTRUST Financial Advisors
40
CAPTRUST Financial Advisors
North Carolina
$3K – – –
Neuberger Berman Group
41
Neuberger Berman Group
New York
– -$139K -16,605 Closed
First Manhattan
42
First Manhattan
New York
– -$4K -500 Closed
1
2

SPPP Hedge Fund Activity: Q3 2013 in Review

40 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q3 2013, worth a combined $61.5M — up 26% from $48.7M a quarter earlier.

Fund positioning in SPPP was balanced in Q3 2013: 2 funds opened new positions, 2 closed out, 10 added to existing stakes and 9 trimmed.

The largest buyer was Polar Asset Management Partners, adding an estimated $11.1M. The largest seller was Federated Hermes, cutting an estimated $1.37M.

  • 40 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q3 2013, unchanged from Q2 2013.
  • Funds reported $61.5M of Sprott Physical Platinum and Palladium Trust stock for Q3 2013, up 26% quarter-over-quarter.
  • 2 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q3 2013 and 2 closed out, a net change of 0 holders.
  • The largest Sprott Physical Platinum and Palladium Trust buyer in Q3 2013 was Polar Asset Management Partners, an estimated $11.1M added.
  • The largest Sprott Physical Platinum and Palladium Trust seller in Q3 2013 was Federated Hermes, an estimated $1.37M sold.

Based on aggregated 13F filings for Q3 2013.