Sprott Physical Platinum and Palladium Trust
SPPP
34 hedge funds and large institutions have $51.9M invested in Sprott Physical Platinum and Palladium Trust in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 5 reducing their positions, and 6 closing their positions.
140% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 5
8.64% less ownership
Funds ownership: 27.92% → 19.29% (-8.6%)
11% less funds holding
Funds holding: 38 → 34 (-4)
24% less capital invested
Capital invested by funds: $67.9M → $51.9M (-$16M)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.2M |
| 2 |
Morgan Stanley
New York
|
+$797K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$772K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
+$141K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$118K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$14M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$4.8M |
| 3 |
VF
Virtu Financial
New York
|
-$3.99M |
| 4 |
Jane Street
New York
|
-$602K |
| 5 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$453K |
SPPP Hedge Fund Activity: Q1 2014 in Review
34 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q1 2014, worth a combined $51.9M — down 24% from $67.9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SPPP and 2 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 12 added.
The largest buyer was Royal Bank of Canada, adding an estimated $1.2M. The largest seller was Polar Asset Management Partners, cutting an estimated $14M.
- 34 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q1 2014, down from 38 in Q4 2013.
- Funds reported $51.9M of Sprott Physical Platinum and Palladium Trust stock for Q1 2014, down 24% quarter-over-quarter.
- 2 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q1 2014 and 6 closed out, a net change of -4 holders.
- The largest Sprott Physical Platinum and Palladium Trust buyer in Q1 2014 was Royal Bank of Canada, an estimated $1.2M added.
- The largest Sprott Physical Platinum and Palladium Trust seller in Q1 2014 was Polar Asset Management Partners, an estimated $14M sold.
Based on aggregated 13F filings for Q1 2014.