Sprott Physical Platinum and Palladium Trust
SPPP
38 hedge funds and large institutions have $67.9M invested in Sprott Physical Platinum and Palladium Trust in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 8 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
10% more capital invested
Capital invested by funds: $61.5M → $67.9M (+$6.33M)
3.22% more ownership
Funds ownership: 24.71% → 27.92% (+3.2%)
5% less funds holding
Funds holding: 40 → 38 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$7.81M |
| 2 |
VF
Virtu Financial
New York
|
+$2.71M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$1.88M |
| 4 |
PWP
Private Wealth Partners
Mill Valley,
California
|
+$721K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$459K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$2.21M |
| 2 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
-$1.78M |
| 3 |
Jane Street
New York
|
-$436K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
-$227K |
| 5 |
GF
Gerstein Fisher
New York
|
-$178K |
SPPP Hedge Fund Activity: Q4 2013 in Review
38 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q4 2013, worth a combined $67.9M — up 10% from $61.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SPPP and 7 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 9 added.
The largest buyer was Polar Asset Management Partners, adding an estimated $7.81M. The largest seller was Federated Hermes, exiting entirely with an estimated $2.21M sold.
- 38 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q4 2013, down from 40 in Q3 2013.
- Funds reported $67.9M of Sprott Physical Platinum and Palladium Trust stock for Q4 2013, up 10% quarter-over-quarter.
- 7 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q4 2013 and 8 closed out, a net change of -1 holder.
- The largest Sprott Physical Platinum and Palladium Trust buyer in Q4 2013 was Polar Asset Management Partners, an estimated $7.81M added.
- The largest Sprott Physical Platinum and Palladium Trust seller in Q4 2013 was Federated Hermes, an estimated $2.21M sold.
Based on aggregated 13F filings for Q4 2013.