Sprott Physical Platinum and Palladium Trust
SPPP
29 hedge funds and large institutions have $10.3M invested in Sprott Physical Platinum and Palladium Trust in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
21% more funds holding
Funds holding: 24 → 29 (+5)
1.49% less ownership
Funds ownership: 11.49% → 10% (-1.5%)
5% less capital invested
Capital invested by funds: $10.9M → $10.3M (-$589K)
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SJIC
St. James Investment Company
Southlake,
Texas
|
+$299K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$181K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$147K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$114K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$87.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$865K |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$643K |
| 3 |
Jane Street
New York
|
-$338K |
| 4 |
LPL Financial
San Diego,
California
|
-$259K |
| 5 |
Morgan Stanley
New York
|
-$214K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $3K | +$3.3K | +500 | New |
|
|
ASN
27
Advisory Services Network
Atlanta,
Georgia
| $1K | – | – | – |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| $1K | +$660 | +100 | New |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| $1K | +$1.44K | +218 | New |
|
|
30
Jane Street
New York
| – | -$338K | -52,300 | Closed |
|
31
UBS Group
Zurich,
Switzerland
| – | -$8K | -1,280 | Closed |
|
|
MFS
32
MSI Financial Services
Springfield,
Massachusetts
| – | -$3K | -525 | Closed |
|
|
AIG
33
American International Group
New York
| – | -$1K | -218 | Closed |
|
SPPP Hedge Fund Activity: Q2 2016 in Review
29 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q2 2016, worth a combined $10.3M — down 5.4% from $10.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SPPP positions and 4 closed out — a net gain of 5 holders — while 3 added to existing stakes and 7 trimmed.
The largest buyer was St. James Investment Company, opening a new position worth an estimated $299K. The largest seller was Virtu Financial, cutting an estimated $865K.
- 29 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q2 2016, up from 24 in Q1 2016.
- Funds reported $10.3M of Sprott Physical Platinum and Palladium Trust stock for Q2 2016, down 5.4% quarter-over-quarter.
- 9 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q2 2016 and 4 closed out, a net change of +5 holders.
- The largest Sprott Physical Platinum and Palladium Trust buyer in Q2 2016 was St. James Investment Company, an estimated $299K added.
- The largest Sprott Physical Platinum and Palladium Trust seller in Q2 2016 was Virtu Financial, an estimated $865K sold.
Based on aggregated 13F filings for Q2 2016.