Valley Forge Asset Management’s Sprott Physical Gold and Silver Trust CEF Stock Holding History

Valley Forge Asset 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 Q4	$2.44M	Sell	244,546 -30,175	-11%	-$320K	0.38%	61
2015 Q3	$2.91M	Sell	274,721 -10,870	-4%	-$118K	0.46%	59
2015 Q2	$3.33M	Sell	285,591 -3,751	-1%	-$44.9K	0.45%	60
2015 Q1	$3.45M	Sell	289,342 -14,550	-5%	-$179K	0.43%	56
2014 Q4	$3.52M	Sell	303,892 -715,073	-70%	-$8.48M	0.42%	57
2014 Q3	$12.5M	Sell	1,018,965 -55,942	-5%	-$769K	1.53%	32
2014 Q2	$15.6M	Sell	1,074,907 -53,225	-5%	-$736K	1.67%	30
2014 Q1	$15.5M	Sell	1,128,132 -28,210	-2%	-$401K	1.67%	27
2013 Q4	$15.3M	Sell	1,156,342 -228,523	-17%	-$3.21M	1.48%	29
2013 Q3	$20.4M	Sell	1,384,865 -50,322	-4%	-$749K	1.35%	33
2013 Q2	$19.5M	Buy	+1,435,187	New	+$23.4M	1.28%	36

Other funds holding CEF

SAC

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

Allianz Asset Management Munich, Germany $95.4B AUM 38.74% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Parallax Volatility Advisers San Francisco, California $38.6B AUM 45.89% 1-Year Est. Return

Capstone Investment Advisors New York $57.4B AUM 26.91% 1-Year Est. Return

LCM

Landscape Capital Management Englewood, New Jersey $1.58B AUM 26.88% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

PAMP

Polar Asset Management Partners Toronto, Ontario, Canada $5.01B AUM 35.27% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Valley Forge Asset Management's CEF Position: Q4 2015 in Review

Valley Forge Asset Management reduced its Sprott Physical Gold and Silver Trust (CEF) stake by 11% in Q4 2015, selling an estimated $320K and leaving 244,546 shares worth $2.44M. The position accounts for 0.38% of the portfolio, ranked #61.

Valley Forge Asset Management first reported a position in CEF in Q2 2013 and has held it in 11 quarters since. The position peaked at $20.4M in Q3 2013. 187 funds tracked by Wall St. Rank hold CEF as of Q4 2015.

Valley Forge Asset Management held 244,546 shares of Sprott Physical Gold and Silver Trust worth $2.44M as of Q4 2015.
Valley Forge Asset Management sold 30,175 Sprott Physical Gold and Silver Trust shares in Q4 2015, an estimated $320K.
Sprott Physical Gold and Silver Trust made up 0.38% of Valley Forge Asset Management's portfolio in Q4 2015, its #61 holding.
Valley Forge Asset Management first reported a position in Sprott Physical Gold and Silver Trust in Q2 2013 and has held it in 11 quarters since.
Valley Forge Asset Management's Sprott Physical Gold and Silver Trust position peaked at $20.4M in Q3 2013.
187 funds tracked by Wall St. Rank held Sprott Physical Gold and Silver Trust as of Q4 2015.

Based on Valley Forge Asset Management's 13F filing for Q4 2015, filed 9 Feb 2016.