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SPPP

Sprott Physical Platinum and Palladium Trust
SPPP

38 hedge funds and large institutions have $53.7M invested in Sprott Physical Platinum and Palladium Trust in 2014 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.71% less ownership

Funds ownership: 23.9% → 22.19% (-1.7%)

9% less capital invested

Capital invested by funds: $59.2M → $53.7M (-$5.56M)

10% less funds holding

Funds holding: 42 → 38 (-4)

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

54% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 13

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
38
Holders Change
-4
Holders Change %
-9.52%
% of All Funds
1.01%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
6
Reduced
13
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
WAM
Weiss Asset Management
Massachusetts
+$4.62M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$229K
3
VF
Virtu Financial
New York
+$177K
4
BWP
BSW Wealth Partners
Colorado
+$98.5K
5
Wells Fargo
Wells Fargo
California
+$81.8K

Top Sellers

1
PAMP
Polar Asset Management Partners
Ontario, Canada
-$4.35M
2
PWP
Private Wealth Partners
California
-$1.79M
3
LPL Financial
LPL Financial
California
-$1.08M
4
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
-$870K
5
RJA
Raymond James & Associates
Florida
-$458K
Name Holding Trade Value Shares
Change 		Change in
Stake
ISL
26
Ingalls & Snyder LLC
New York
$86K – – –
UBS Group
27
UBS Group
Switzerland
$86K +$86.9K +9,987 New
Creative Planning
28
Creative Planning
Kansas
$54K -$1.74K -200 -3%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$43K – – –
LTFS
30
Ladenburg Thalmann Financial Services
Florida
$21K -$28.9K -3,327 -57%
BCMIO
31
Beacon Capital Management Inc (Ohio)
Ohio
$11K – – –
CTC
32
Central Trust Company
Missouri
$7K – – –
MFS
33
MSI Financial Services
Massachusetts
$5K -$4.35K -500 -49%
CAPTRUST Financial Advisors
34
CAPTRUST Financial Advisors
North Carolina
$5K +$5.22K +600 New
Fifth Third Bancorp
35
Fifth Third Bancorp
Ohio
$4K – – –
AIG
36
American International Group
New York
$1.89K – – –
ED
37
Exane Derivatives
France
$1.86K +$1.87K +215 New
BRWA
38
B. Riley Wealth Advisors
Florida
$87 – – –
PWP
39
Private Wealth Partners
California
– -$1.79M -201,950 Closed
LWM
40
LBA Wealth Management
Florida
– -$196K -22,123 Closed
Citadel Advisors
41
Citadel Advisors
Florida
– -$102K -11,510 Closed
US Bancorp
42
US Bancorp
Minnesota
– -$69K -7,800 Closed
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
– -$31K -3,500 Closed
Ameriprise
44
Ameriprise
Minnesota
– -$19K -2,178 Closed
S
45
SignatureFD
Georgia
– -$5K -538 Closed
TCM
46
Tradewinds Capital Management
Washington
– -$4K -400 Closed
BNP Paribas Financial Markets
47
BNP Paribas Financial Markets
France
– -$1.9K -215 Closed
1
2

SPPP Hedge Fund Activity: Q4 2014 in Review

38 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q4 2014, worth a combined $53.7M — down 9.4% from $59.2M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of SPPP and 6 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 6 added.

The largest buyer was Weiss Asset Management, opening a new position worth an estimated $4.62M. The largest seller was Polar Asset Management Partners, cutting an estimated $4.35M.

  • 38 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q4 2014, down from 42 in Q3 2014.
  • Funds reported $53.7M of Sprott Physical Platinum and Palladium Trust stock for Q4 2014, down 9.4% quarter-over-quarter.
  • 6 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q4 2014 and 9 closed out, a net change of -3 holders.
  • The largest Sprott Physical Platinum and Palladium Trust buyer in Q4 2014 was Weiss Asset Management, an estimated $4.62M added.
  • The largest Sprott Physical Platinum and Palladium Trust seller in Q4 2014 was Polar Asset Management Partners, an estimated $4.35M sold.

Based on aggregated 13F filings for Q4 2014.