Sprott Physical Platinum and Palladium Trust
SPPP
42 hedge funds and large institutions have $59.2M invested in Sprott Physical Platinum and Palladium Trust in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
19% more capital invested
Capital invested by funds: $49.7M → $59.2M (+$9.55M)
6.37% more ownership
Funds ownership: 17.53% → 23.9% (+6.4%)
2% more funds holding
Funds holding: 41 → 42 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$13.6M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$5.93M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.13M |
| 4 |
Jane Street
New York
|
+$429K |
| 5 |
LWM
LBA Wealth Management
Jacksonville,
Florida
|
+$219K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Tocqueville Asset Management
New York
|
-$1.17M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.06M |
| 3 |
PWP
Private Wealth Partners
Mill Valley,
California
|
-$665K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$344K |
| 5 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$228K |
SPPP Hedge Fund Activity: Q3 2014 in Review
42 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q3 2014, worth a combined $59.2M — up 19% from $49.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SPPP positions and 4 closed out — a net gain of 1 holder — while 8 added to existing stakes and 12 trimmed.
The largest buyer was Virtu Financial, opening a new position worth an estimated $13.6M. The largest seller was Tocqueville Asset Management, exiting entirely with an estimated $1.17M sold.
- 42 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q3 2014, up from 41 in Q2 2014.
- Funds reported $59.2M of Sprott Physical Platinum and Palladium Trust stock for Q3 2014, up 19% quarter-over-quarter.
- 5 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q3 2014 and 4 closed out, a net change of +1 holder.
- The largest Sprott Physical Platinum and Palladium Trust buyer in Q3 2014 was Virtu Financial, an estimated $13.6M added.
- The largest Sprott Physical Platinum and Palladium Trust seller in Q3 2014 was Tocqueville Asset Management, an estimated $1.17M sold.
Based on aggregated 13F filings for Q3 2014.