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SPPP

Sprott Physical Platinum and Palladium Trust
SPPP

34 hedge funds and large institutions have $51.9M invested in Sprott Physical Platinum and Palladium Trust in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 5 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 5

8.64% less ownership

Funds ownership: 27.92% → 19.29% (-8.6%)

11% less funds holding

Funds holding: 38 → 34 (-4)

24% less capital invested

Capital invested by funds: $67.9M → $51.9M (-$16M)

67% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 6

Holders
34
Holders Change
-4
Holders Change %
-10.53%
% of All Funds
0.98%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
2
Increased
12
Reduced
5
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.2M
2
Morgan Stanley
Morgan Stanley
New York
+$797K
3
RJA
Raymond James & Associates
Florida
+$772K
4
NPC
National Planning Corporation
California
+$141K
5
Wells Fargo
Wells Fargo
California
+$118K

Top Sellers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
-$14M
2
WAM
Weiss Asset Management
Massachusetts
-$4.8M
3
VF
Virtu Financial
New York
-$3.99M
4
Jane Street
Jane Street
New York
-$602K
5
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
-$453K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$13K +$13K +1,400 New
BCMIO
27
Beacon Capital Management Inc (Ohio)
Ohio
$12K +$9.27K +1,000 +400%
CTC
28
Central Trust Company
Missouri
$8K – – –
AIG
29
American International Group
New York
$7.69K – – –
Fifth Third Bancorp
30
Fifth Third Bancorp
Ohio
$5K – – –
MFS
31
MSI Financial Services
Massachusetts
$5K – – –
S
32
SignatureFD
Georgia
$5K – – –
TCM
33
Tradewinds Capital Management
Washington
$4K +$927 +100 +33%
CAPTRUST Financial Advisors
34
CAPTRUST Financial Advisors
North Carolina
$3K – – –
WAM
35
Weiss Asset Management
Massachusetts
– -$4.8M -553,404 Closed
VF
36
Virtu Financial
New York
– -$3.99M -459,263 Closed
Jane Street
37
Jane Street
New York
– -$602K -69,303 Closed
Barclays
38
Barclays
United Kingdom
– -$200K -25,000 Closed
FNBOO
39
First National Bank of Omaha
Nebraska
– -$134K -15,385 Closed
FA
40
Financial Advantage
Maryland
– -$4K -450 Closed
1
2

SPPP Hedge Fund Activity: Q1 2014 in Review

34 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q1 2014, worth a combined $51.9M — down 24% from $67.9M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of SPPP and 2 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 12 added.

The largest buyer was Royal Bank of Canada, adding an estimated $1.2M. The largest seller was Polar Asset Management Partners, cutting an estimated $14M.

  • 34 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q1 2014, down from 38 in Q4 2013.
  • Funds reported $51.9M of Sprott Physical Platinum and Palladium Trust stock for Q1 2014, down 24% quarter-over-quarter.
  • 2 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q1 2014 and 6 closed out, a net change of -4 holders.
  • The largest Sprott Physical Platinum and Palladium Trust buyer in Q1 2014 was Royal Bank of Canada, an estimated $1.2M added.
  • The largest Sprott Physical Platinum and Palladium Trust seller in Q1 2014 was Polar Asset Management Partners, an estimated $14M sold.

Based on aggregated 13F filings for Q1 2014.