Sprott Physical Platinum and Palladium Trust
SPPP
25 hedge funds and large institutions have $28.7M invested in Sprott Physical Platinum and Palladium Trust in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 5 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
42% more capital invested
Capital invested by funds: $20.2M → $28.7M (+$8.53M)
5.7% more ownership
Funds ownership: 18.12% → 23.82% (+5.7%)
14% less funds holding
Funds holding: 29 → 25 (-4)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
+$9.97M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$535K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$440K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$383K |
| 5 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
+$300K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWC
MKD Wealth Coaches
Troy,
Michigan
|
-$3.3M |
| 2 |
Jane Street
New York
|
-$792K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$120K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$68K |
| 5 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
-$58.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MWC
26
MKD Wealth Coaches
Troy,
Michigan
| – | -$3.3M | -229,396 | Closed |
|
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$68K | -4,700 | Closed |
|
|
RIA
28
Realta Investment Advisors
Wilmington,
Delaware
| – | -$11K | -810 | Closed |
|
|
BB
29
Busey Bank
Urbana,
Illinois
| – | -$7K | -500 | Closed |
|
|
SWM
30
Selective Wealth Management
Forest,
Virginia
| – | -$7K | -500 | Closed |
|
SPPP Hedge Fund Activity: Q1 2020 in Review
25 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q1 2020, worth a combined $28.7M — up 42% from $20.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SPPP and 3 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 9 added.
The largest buyer was Boothbay Fund Management, adding an estimated $9.97M. The largest seller was MKD Wealth Coaches, exiting entirely with an estimated $3.3M sold.
- 25 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q1 2020, down from 29 in Q4 2019.
- Funds reported $28.7M of Sprott Physical Platinum and Palladium Trust stock for Q1 2020, up 42% quarter-over-quarter.
- 3 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q1 2020 and 5 closed out, a net change of -2 holders.
- The largest Sprott Physical Platinum and Palladium Trust buyer in Q1 2020 was Boothbay Fund Management, an estimated $9.97M added.
- The largest Sprott Physical Platinum and Palladium Trust seller in Q1 2020 was MKD Wealth Coaches, an estimated $3.3M sold.
Based on aggregated 13F filings for Q1 2020.