Summit Capital Management’s Sprott Physical Gold and Silver Trust CEF Stock Holding History

Summit Capital 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
2015 Q2	–	Sell	-160,849	Closed	-$1.92M	–	64
2015 Q1	$1.92M	Buy	160,849 +12,250	+8%	+$151K	0.77%	34
2014 Q4	$1.72M	Sell	148,599 -2,820	-2%	-$33.5K	0.65%	33
2014 Q3	$1.86M	Buy	151,419 +15,100	+11%	+$208K	0.66%	40
2014 Q2	$1.98M	Sell	136,319 -1,585	-1%	-$21.9K	0.71%	41
2014 Q1	$1.9M	Sell	137,904 -20,664	-13%	-$294K	0.67%	38
2013 Q4	$2.1M	Sell	158,568 -8,575	-5%	-$121K	0.79%	38
2013 Q3	$2.46M	Sell	167,143 -3,394	-2%	-$50.5K	1.17%	25
2013 Q2	$2.32M	Buy	+170,537	New	+$2.78M	0.99%	31

Other funds holding CEF

SAC

Smith Affiliated Capital New York $86.5M AUM 5.91% 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

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

Neuberger Berman Group New York $150B AUM 40.08% 1-Year Est. Return

Capstone Investment Advisors New York $54B AUM 23.5% 1-Year Est. Return

Canada Life Winnipeg, Manitoba, Canada $62.7B AUM 37.65% 1-Year Est. Return

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

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

PAMP

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

Summit Capital Management's CEF Position: Q2 2015 in Review

Summit Capital Management sold out of Sprott Physical Gold and Silver Trust (CEF) in Q2 2015, closing a stake of 160,849 shares — an estimated $1.92M sold.

Summit Capital Management first reported a position in CEF in Q2 2013 and held it in 8 quarters. The position peaked at $2.46M in Q3 2013. 183 funds tracked by Wall St. Rank hold CEF as of Q2 2015.

Summit Capital Management reported no remaining Sprott Physical Gold and Silver Trust position as of Q2 2015 after selling out during the quarter.
Summit Capital Management sold 160,849 Sprott Physical Gold and Silver Trust shares in Q2 2015, an estimated $1.92M.
Summit Capital Management first reported a position in Sprott Physical Gold and Silver Trust in Q2 2013 and held it in 8 quarters.
Summit Capital Management's Sprott Physical Gold and Silver Trust position peaked at $2.46M in Q3 2013.
183 funds tracked by Wall St. Rank held Sprott Physical Gold and Silver Trust as of Q2 2015.

Based on Summit Capital Management's 13F filing for Q2 2015, filed 17 Aug 2015.