Sprott Physical Platinum and Palladium Trust
SPPP
41 hedge funds and large institutions have $49.7M invested in Sprott Physical Platinum and Palladium Trust in 2014 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
21% more funds holding
Funds holding: 34 → 41 (+7)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $51.9M → $49.7M (-$2.23M)
1.75% less ownership
Funds ownership: 19.29% → 17.53% (-1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Tocqueville Asset Management
New York
|
+$1.14M |
| 2 |
Morgan Stanley
New York
|
+$560K |
| 3 |
LPL Financial
San Diego,
California
|
+$534K |
| 4 |
PWP
Private Wealth Partners
Mill Valley,
California
|
+$249K |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$158K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$7.29M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$459K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$135K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$132K |
| 5 |
OAM
Orinda Asset Management
Lafayette,
California
|
-$98.5K |
SPPP Hedge Fund Activity: Q2 2014 in Review
41 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q2 2014, worth a combined $49.7M — down 4.3% from $51.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SPPP positions and 2 closed out — a net gain of 7 holders — while 12 added to existing stakes and 7 trimmed.
The largest buyer was Tocqueville Asset Management, opening a new position worth an estimated $1.14M. The largest seller was Royal Bank of Canada, cutting an estimated $7.29M.
- 41 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q2 2014, up from 34 in Q1 2014.
- Funds reported $49.7M of Sprott Physical Platinum and Palladium Trust stock for Q2 2014, down 4.3% quarter-over-quarter.
- 9 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q2 2014 and 2 closed out, a net change of +7 holders.
- The largest Sprott Physical Platinum and Palladium Trust buyer in Q2 2014 was Tocqueville Asset Management, an estimated $1.14M added.
- The largest Sprott Physical Platinum and Palladium Trust seller in Q2 2014 was Royal Bank of Canada, an estimated $7.29M sold.
Based on aggregated 13F filings for Q2 2014.