Sprott Physical Platinum and Palladium Trust
SPPP
24 hedge funds and large institutions have $13M invested in Sprott Physical Platinum and Palladium Trust in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 7 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
4% less funds holding
Funds holding: 25 → 24 (-1)
12.19% less ownership
Funds ownership: 23.82% → 11.63% (-12%)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
55% less capital invested
Capital invested by funds: $28.7M → $13M (-$15.8M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$273K |
| 2 |
HA
HC Advisors
Sandy Springs,
Georgia
|
+$197K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$164K |
| 4 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$138K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$82K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
-$11.4M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$910K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$443K |
| 4 |
Jane Street
New York
|
-$433K |
| 5 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
-$299K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| – | -$443K | -28,645 | Closed |
|
|
27
Jane Street
New York
| – | -$433K | -28,009 | Closed |
|
|
MWM
28
Merriman Wealth Management
Seattle,
Washington
| – | -$299K | -19,307 | Closed |
|
29
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$194K | -12,525 | Closed |
|
|
FAAS
30
First Allied Advisory Services
San Diego,
California
| – | -$155K | -10,000 | Closed |
|
|
ASN
31
Advisory Services Network
Atlanta,
Georgia
| – | -$45K | -2,896 | Closed |
|
SPPP Hedge Fund Activity: Q2 2020 in Review
24 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q2 2020, worth a combined $13M — down 55% from $28.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SPPP and 6 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 5 added.
The largest buyer was Cohen & Steers, opening a new position worth an estimated $273K. The largest seller was Boothbay Fund Management, cutting an estimated $11.4M.
- 24 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q2 2020, down from 25 in Q1 2020.
- Funds reported $13M of Sprott Physical Platinum and Palladium Trust stock for Q2 2020, down 55% quarter-over-quarter.
- 6 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q2 2020 and 7 closed out, a net change of -1 holder.
- The largest Sprott Physical Platinum and Palladium Trust buyer in Q2 2020 was Cohen & Steers, an estimated $273K added.
- The largest Sprott Physical Platinum and Palladium Trust seller in Q2 2020 was Boothbay Fund Management, an estimated $11.4M sold.
Based on aggregated 13F filings for Q2 2020.