Sprott Physical Platinum and Palladium Trust
SPPP
29 hedge funds and large institutions have $18.9M invested in Sprott Physical Platinum and Palladium Trust in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 6 closing their positions.
29% more capital invested
Capital invested by funds: $14.7M → $18.9M (+$4.22M)
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
5.58% more ownership
Funds ownership: 12.99% → 18.57% (+5.6%)
0% more funds holding
Funds holding: 29 → 29 (0)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$5.97M |
| 2 |
VF
Virtu Financial
New York
|
+$655K |
| 3 |
Jane Street
New York
|
+$560K |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$191K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$170K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$867K |
| 2 |
SJIC
St. James Investment Company
Southlake,
Texas
|
-$348K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$299K |
| 4 |
Morgan Stanley
New York
|
-$144K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$125K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
26
Geneos Wealth Management
Englewood,
Colorado
| $8K | – | – | – |
|
27
Bank of America
Charlotte,
North Carolina
| $7K | +$7.05K | +1,000 | New |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $3K | +$3.52K | +500 | New |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| $2K | – | – | – |
|
|
SJIC
30
St. James Investment Company
Southlake,
Texas
| – | -$348K | -45,355 | Closed |
|
|
31
Ameriprise
Minneapolis,
Minnesota
| – | -$299K | -38,953 | Closed |
|
|
BCMIO
32
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
| – | -$6K | -800 | Closed |
|
|
FNBT
33
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$2K | -300 | Closed |
|
|
BWP
34
BSW Wealth Partners
Boulder,
Colorado
| – | -$14.8K | -114 | Closed |
|
|
TRCT
35
Tower Research Capital (TRC)
New York
| – | -$1K | -100 | Closed |
|
SPPP Hedge Fund Activity: Q4 2016 in Review
29 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q4 2016, worth a combined $18.9M — up 29% from $14.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SPPP positions and 6 closed out — a net gain of 1 holder — while 5 added to existing stakes and 8 trimmed.
The largest buyer was Weiss Asset Management, opening a new position worth an estimated $5.97M. The largest seller was Royal Bank of Canada, cutting an estimated $867K.
- 29 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q4 2016, unchanged from Q3 2016.
- Funds reported $18.9M of Sprott Physical Platinum and Palladium Trust stock for Q4 2016, up 29% quarter-over-quarter.
- 7 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q4 2016 and 6 closed out, a net change of +1 holder.
- The largest Sprott Physical Platinum and Palladium Trust buyer in Q4 2016 was Weiss Asset Management, an estimated $5.97M added.
- The largest Sprott Physical Platinum and Palladium Trust seller in Q4 2016 was Royal Bank of Canada, an estimated $867K sold.
Based on aggregated 13F filings for Q4 2016.