Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Suburban Propane Partners L (SPH)

142 + Investors. Track Smart Money conviction in SPH. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -10
Streak
1Q ▼
Buyers last Q
51%

Smart Money Signals — SPH

Based on 142 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their SPH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
142 funds currently hold this stock — 93% of the 3.0-year high of 152 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding SPH is almost the same as a year ago (-2 funds, -1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 51% buying

54 buying52 selling
Last quarter: 54 funds bought or added vs 52 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-12 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 13 → 17 → 25 → 13. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 23% medium ■ 13% new
91 out of 142 hedge funds have held SPH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

21 → 13 → 17 → 25 → 13 new funds/Q
New funds entering each quarter: 13 → 17 → 25 → 13. A growing number of institutions are discovering SPH each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 70% veterans vs 20% newcomers

■ 70% veterans ■ 10% 1-2yr ■ 20% new
Entry-cohort mix of 145 holders: 101 (70%) are 2+ year veterans, 15 entered 1–2 years ago, and 29 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 12% AUM from top-100

12% from top-100 AUM funds
18 of 141 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — SPH

In 2026 Q1, 54 hedge funds were net buyers of SPH (13 opened a new position, 41 added to an existing one), while 52 reduced or exited (29 trimmed, 23 sold completely) — a 51% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -10 funds (more exits than new entries). Total institutional holders: 142.

Hedge Fund Ownership: SPH

How many hedge funds hold SPH — quarterly history vs. share price
Quarterly hedge fund ownership of SPH vs. share price

Market Analysis: SPH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPH

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Suburban Propane Partners L (SPH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SPH has moved relative to its sector benchmark (XLU) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
SPH
nan%
XLU
nan%

SPH outperformed XLU by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
SPH
nan%
XLU
nan%

Since the filing became public, SPH outperformed XLU by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 0 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: SPH
142 + Investors

Track Smart Money conviction in SPH. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 142 152 -6.58%
13F Shares 27M 28M -2.6%
Total Value $538M $523M 2.94%
New Positions 13 25 -12
Increased Positions 39 43 -4
Closed Positions 23 11 +12
Reduced Positions 29 32 -3
Total Calls 3 2 50.0%
Total Puts 1 2 -50.0%
PUT/CALL Ratio 0.33 1.0 Bullish

Statistics: SPH

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Income Statement & Cash Flow
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

142 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SPH. Verified SEC 13F-HR filings.

QUARTER:
Top 25 SPH holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Alps Advisors Inc 1.42% 15,375,574 $302.7M
2 Advocate Investing Services LLC 0.78% 46,760 $921K
3 Smith Asset Management Co., LLC 0.71% 42,016 $827K
4 PARK CIRCLE Co 0.60% 33,000 $650K
5 Fractal Investments LLC 0.50% 214,864 $4.2M
6 Bowen Hanes & Co Inc 0.49% 1,016,000 $20.0M
7 October Effect Ltd 0.39% 17,100 $337K
8 Wealthstar Advisors, LLC 0.30% 32,624 $642K
9 Clearwave Capital, LLC 0.29% 21,386 $421K
10 Levin Capital Strategies, L.P. 0.22% 149,823 $3.0M
11 Shrier Wealth Management, LLC 0.22% 30,567 $602K
12 SageGuard Financial Group, LLC 0.18% 58,136 $1.1M
13 Icon Advisers Inc/Co 0.17% 36,914 $727K
14 Cherokee Insurance Co 0.12% 16,000 $315K
15 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.12% 4,447,584 $87.6M
16 Aristides Capital LLC 0.10% 24,262 $478K
17 Wealth Advisors of Tampa Bay, LLC 0.09% 13,455 $265K
18 WealthCare Investment Partners, LLC 0.07% 12,638 $256K
19 Aspire Private Capital, LLC 0.07% 15,382 $303K
20 Greenup Street Wealth Management LLC 0.06% 21,706 $427K
21 Permanent Capital Management, LP 0.06% 18,114 $364K
22 Safeguard Investment Advisory Group, LLC 0.06% 10,158 $200K
23 Legacy Financial Strategies, LLC 0.05% 14,000 $276K
24 State of Wyoming 0.05% 21,087 $415K
25 Archer Investment Corp 0.05% 11,150 $220K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Suburban Propane Partners L (SPH)

What does the Smart Money Trend signal show for SPH?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their SPH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for SPH?

Slight buying edge — 51% buying: Last quarter: 54 funds bought or added vs 52 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SPH holders?

Smaller funds dominant — 12% AUM from top-100: 18 of 141 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held SPH?

64% of holders stayed for 2+ years: 91 out of 142 hedge funds have held SPH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Suburban Propane Partners L (SPH) following the 2026 Q1 hedge fund 13F filings?

As of today, SPH has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to nan% for the XLU sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), SPH has gained nan% vs nan% for XLU. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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