Fore Research & Management’s Sprott Physical Gold and Silver Trust CEF Stock Holding History

Fore Research & Management’s Portfolio CEF Stock Details CEF Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-564,040	Closed	-$7.8M	–	26
2016 Q3	$7.8M	Hold	564,040	–	–	0.56%	10
2016 Q2	$7.84M	Sell	564,040 -125,255	-18%	-$1.61M	0.45%	7
2016 Q1	$8.26M	Sell	689,295 -18,382	-3%	-$210K	0.21%	17
2015 Q4	$7.07M	Buy	707,677 +157,677	+29%	+$1.67M	0.24%	14
2015 Q3	$5.82M	Hold	550,000	–	–	0.24%	19
2015 Q2	$6.41M	Buy	550,000 +100,000	+22%	+$1.2M	0.19%	24
2015 Q1	$5.37M	Buy	+450,000	New	+$5.54M	0.19%	21

Other funds holding CEF

SAC

Smith Affiliated Capital New York $86.5M AUM 5.91% 1-Year Est. Return

Parallax Volatility Advisers San Francisco, California $58.9B AUM 51.73% 1-Year Est. Return

Allianz Asset Management Munich, Germany $123B AUM 45.23% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Polar Asset Management Partners Toronto, Ontario, Canada $6.07B AUM 34.81% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Sprott Inc Toronto, Ontario, Canada $3.15B AUM 70.1% 1-Year Est. Return

Citigroup New York $303B AUM 53.02% 1-Year Est. Return

Central Trust Company Jefferson City, Missouri $5.53B AUM 28.94% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

Fore Research & Management's CEF Position: Q4 2016 in Review

Fore Research & Management sold out of Sprott Physical Gold and Silver Trust (CEF) in Q4 2016, closing a stake of 564,040 shares — an estimated $7.8M sold.

Fore Research & Management first reported a position in CEF in Q1 2015 and held it in 7 quarters. The position peaked at $8.26M in Q1 2016. 181 funds tracked by Wall St. Rank hold CEF as of Q4 2016.

Fore Research & Management reported no remaining Sprott Physical Gold and Silver Trust position as of Q4 2016 after selling out during the quarter.
Fore Research & Management sold 564,040 Sprott Physical Gold and Silver Trust shares in Q4 2016, an estimated $7.8M.
Fore Research & Management first reported a position in Sprott Physical Gold and Silver Trust in Q1 2015 and held it in 7 quarters.
Fore Research & Management's Sprott Physical Gold and Silver Trust position peaked at $8.26M in Q1 2016.
181 funds tracked by Wall St. Rank held Sprott Physical Gold and Silver Trust as of Q4 2016.

Based on Fore Research & Management's 13F filing for Q4 2016, filed 14 Feb 2017.