Sprott Physical Platinum and Palladium Trust
SPPP
24 hedge funds and large institutions have $10.9M invested in Sprott Physical Platinum and Palladium Trust in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 10 closing their positions.
6.3% less ownership
Funds ownership: 17.79% → 11.49% (-6.3%)
23% less funds holding
Funds holding: 31 → 24 (-7)
35% less capital invested
Capital invested by funds: $16.7M → $10.9M (-$5.81M)
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
+$923K |
| 2 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$164K |
| 3 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
+$134K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$57K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$21.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$4.1M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$1.42M |
| 3 |
VF
Virtu Financial
New York
|
-$526K |
| 4 |
Jane Street
New York
|
-$468K |
| 5 |
Morgan Stanley
New York
|
-$293K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWA
26
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$124K | -20,000 | Closed |
|
|
SC
27
Scotia Capital
Toronto,
Ontario, Canada
| – | -$106K | -15,500 | Closed |
|
|
FNBOO
28
First National Bank of Omaha
Omaha,
Nebraska
| – | -$95 | -15,385 | Closed |
|
29
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$68K | -11,100 | Closed |
|
|
WSTAM
30
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| – | -$62K | -10,000 | Closed |
|
|
AIA
31
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$40K | -6,422 | Closed |
|
|
LTFS
32
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$12K | -2,013 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$3K | -400 | Closed |
|
SPPP Hedge Fund Activity: Q1 2016 in Review
24 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q1 2016, worth a combined $10.9M — down 35% from $16.7M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SPPP and 3 opened new positions — a net loss of 7 holders — while 9 trimmed existing stakes and 4 added.
The largest buyer was Virtu KCG Holdings, opening a new position worth an estimated $923K. The largest seller was Weiss Asset Management, exiting entirely with an estimated $4.1M sold.
- 24 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q1 2016, down from 31 in Q4 2015.
- Funds reported $10.9M of Sprott Physical Platinum and Palladium Trust stock for Q1 2016, down 35% quarter-over-quarter.
- 3 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q1 2016 and 10 closed out, a net change of -7 holders.
- The largest Sprott Physical Platinum and Palladium Trust buyer in Q1 2016 was Virtu KCG Holdings, an estimated $923K added.
- The largest Sprott Physical Platinum and Palladium Trust seller in Q1 2016 was Weiss Asset Management, an estimated $4.1M sold.
Based on aggregated 13F filings for Q1 2016.