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SPPP

Sprott Physical Platinum and Palladium Trust
SPPP

28 hedge funds and large institutions have $16.5M invested in Sprott Physical Platinum and Palladium Trust in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

4% more funds holding

Funds holding: 27 → 28 (+1)

1.9% less ownership

Funds ownership: 16.66% → 14.76% (-1.9%)

11% less capital invested

Capital invested by funds: $18.5M → $16.5M (-$2M)

57% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 7

Holders
28
Holders Change
+1
Holders Change %
+3.7%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
3
Reduced
7
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$529K
2
QC
QCM Cayman
Texas
+$103K
3
OMC
Old Mission Capital
Illinois
+$99.2K
4
CAN
Cetera Advisor Networks
California
+$98K
5
RJA
Raymond James & Associates
Florida
+$39.8K

Top Sellers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
-$3.47M
2
Cohen & Steers
Cohen & Steers
New York
-$306K
3
IA
Independence Advisors
Pennsylvania
-$80K
4
US Bancorp
US Bancorp
Minnesota
-$56K
5
Morgan Stanley
Morgan Stanley
New York
-$37.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAMP
1
Polar Asset Management Partners
Ontario, Canada
$3.88M – – –
WAM
2
Weiss Asset Management
Massachusetts
$2.75M -$3.47M -413,007 -56%
VF
3
Virtu Financial
New York
$2.12M -$22.4K -2,658 -1%
RJA
4
Raymond James & Associates
Florida
$1.84M +$39.8K +4,735 +2%
Jane Street
5
Jane Street
New York
$1.71M +$529K +62,900 +45%
Morgan Stanley
6
Morgan Stanley
New York
$1.47M -$37.1K -4,417 -2%
SI
7
Sprott Inc
Ontario, Canada
$774K -$34.5K -4,100 -4%
Cohen & Steers
8
Cohen & Steers
New York
$458K -$306K -36,354 -40%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$439K +$10.3K +1,230 +2%
OC
10
Oppenheimer & Co
New York
$163K -$7.28K -866 -4%
Commonwealth Equity Services
11
Commonwealth Equity Services
Massachusetts
$157K – – –
NPC
12
National Planning Corporation
California
$107K – – –
OMC
13
Old Mission Capital
Illinois
$100K +$99.2K +11,794 New
CAN
14
Cetera Advisor Networks
California
$98K +$98K +11,655 New
QC
15
QCM Cayman
Texas
$95K +$103K +12,203 New
SI
16
SII Investments
Wisconsin
$86K – – –
FAAS
17
First Allied Advisory Services
California
$85K – – –
Wells Fargo
18
Wells Fargo
California
$67K -$202 -24 -0.3%
UBS Group
19
UBS Group
Switzerland
$25K +$24.8K +2,949 New
TWA
20
TCI Wealth Advisors
Arizona
$21K – – –
BFEC
21
Benjamin F. Edwards & Company
Missouri
$18K – – –
Toronto Dominion Bank
22
Toronto Dominion Bank
Ontario, Canada
$17K – – –
GWM
23
Geneos Wealth Management
Colorado
$10K – – –
Bank of America
24
Bank of America
North Carolina
$8K – – –
LTFS
25
Ladenburg Thalmann Financial Services
Florida
$4K – – –
1
2

SPPP Hedge Fund Activity: Q3 2017 in Review

28 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q3 2017, worth a combined $16.5M — down 11% from $18.5M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new SPPP positions and 4 closed out — a net gain of 1 holder — while 3 added to existing stakes and 7 trimmed.

The largest buyer was Jane Street, adding an estimated $529K. The largest seller was Weiss Asset Management, cutting an estimated $3.47M.

  • 28 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q3 2017, up from 27 in Q2 2017.
  • Funds reported $16.5M of Sprott Physical Platinum and Palladium Trust stock for Q3 2017, down 11% quarter-over-quarter.
  • 5 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q3 2017 and 4 closed out, a net change of +1 holder.
  • The largest Sprott Physical Platinum and Palladium Trust buyer in Q3 2017 was Jane Street, an estimated $529K added.
  • The largest Sprott Physical Platinum and Palladium Trust seller in Q3 2017 was Weiss Asset Management, an estimated $3.47M sold.

Based on aggregated 13F filings for Q3 2017.