Sprott Physical Gold and Silver Trust
CEF
219 hedge funds and large institutions have $818M invested in Sprott Physical Gold and Silver Trust in 2020 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 76 increasing their positions, 46 reducing their positions, and 19 closing their positions.
105% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 19
65% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 46
24% more capital invested
Capital invested by funds: $658M → $818M (+$160M)
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
9% more funds holding
Funds holding: 201 → 219 (+18)
1.09% more ownership
Funds ownership: 20.12% → 21.22% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$66.9M |
| 2 |
SRC
Shufro Rose & Co
New York
|
+$31.1M |
| 3 |
OFG
OTA Financial Group
Purchase,
New York
|
+$26.1M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$23.5M |
| 5 |
HHGC
Hunting Hill Global Capital
New York
|
+$7.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AP
Antipodes Partners
Royal Exchange,
Australia
|
-$16M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$8.44M |
| 3 |
SAM
Stansberry Asset Management
Westlake,
Texas
|
-$4.78M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$3.22M |
| 5 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$2.95M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PP
226
Paloma Partners
Greenwich,
Connecticut
| – | -$625K | -37,000 | Closed |
|
|
RJT
227
Raymond James Trust
St. Petersburg,
Florida
| – | -$346K | -20,500 | Closed |
|
|
IFO
228
Independent Family Office
Albany,
New York
| – | -$342K | -20,240 | Closed |
|
229
Comerica Bank
Dallas,
Texas
| – | -$373K | -20,150 | Closed |
|
|
JAWM
230
J. Arnold Wealth Management
Youngstown,
Ohio
| – | -$231K | -13,675 | Closed |
|
|
AWA
231
Arete Wealth Advisors
Chicago,
Illinois
| – | -$202K | -11,938 | Closed |
|
|
CFB
232
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$120K | -7,100 | Closed |
|
|
SSB
233
Sandy Spring Bank
Olney,
Maryland
| – | -$68K | -4,000 | Closed |
|
|
SCA
234
Stonebridge Capital Advisors
St Paul,
Minnesota
| – | -$24K | -1,400 | Closed |
|
|
TC
235
Trust Company
Manhattan,
Kansas
| – | -$20K | -1,200 | Closed |
|
|
EWM
236
Edge Wealth Management
New York
| – | -$17K | -1,000 | Closed |
|
|
LWM
237
Liberty Wealth Management
Oakland,
California
| – | -$17K | -1,000 | Closed |
|
CEF Hedge Fund Activity: Q3 2020 in Review
219 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2020, worth a combined $818M — up 24% from $658M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new CEF positions and 19 closed out — a net gain of 20 holders — while 76 added to existing stakes and 46 trimmed.
The largest buyer was Jupiter Asset Management, opening a new position worth an estimated $66.9M. The largest seller was Antipodes Partners, exiting entirely with an estimated $16M sold.
- 219 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2020, up from 201 in Q2 2020.
- Funds reported $818M of Sprott Physical Gold and Silver Trust stock for Q3 2020, up 24% quarter-over-quarter.
- 39 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2020 and 19 closed out, a net change of +20 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q3 2020 was Jupiter Asset Management, an estimated $66.9M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q3 2020 was Antipodes Partners, an estimated $16M sold.
Based on aggregated 13F filings for Q3 2020.