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Sprott Physical Gold and Silver Trust
CEF

363 hedge funds and large institutions have $1.74B invested in Sprott Physical Gold and Silver Trust in 2025 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 106 increasing their positions, 95 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 28

15% more capital invested

Capital invested by funds: $1.51B → $1.74B (+$225M)

12% more repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 95

2% more funds holding

Funds holding: 356 → 363 (+7)

0.18% more ownership

Funds ownership: 30.68% → 30.86% (+0.18%)

0% more funds holding in top 10

Funds holding in top 10: 14 → 14 (0)

Holders
363
Holders Change
+7
Holders Change %
+1.97%
% of All Funds
4.87%
Holding in Top 10
14
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.19%
New
39
Increased
106
Reduced
95
Closed
28
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DFG
Demars Financial Group
Washington
+$11.2M
2
AWA
Arkadios Wealth Advisors
Georgia
+$6.9M
3
JAM
Jupiter Asset Management
United Kingdom
+$6.55M
4
Morgan Stanley
Morgan Stanley
New York
+$4.98M
5
Osaic Holdings
Osaic Holdings
Arizona
+$3.74M

Top Sellers

Rank Fund Capital Flow
1
Parallax Volatility Advisers
Parallax Volatility Advisers
California
-$52.1M
2
BFM
Boothbay Fund Management
New York
-$20.4M
3
SRC
Shufro Rose & Co
New York
-$18.5M
4
Jane Street
Jane Street
New York
-$12.2M
5
FFO
Fiduciary Family Office
Florida
-$8.61M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCM
251
Parsons Capital Management
Rhode Island
$284K – – –
MG
252
Mather Group
Illinois
$284K +$249K +9,442 +1,707%
BG
253
Bahl & Gaynor
Ohio
$282K +$19.5K +738 +8%
GI
254
Gradient Investments
Minnesota
$279K – – –
CB
255
Commerce Bank
Missouri
$277K – – –
PFA
256
Petra Financial Advisors
Colorado
$275K +$255K +9,665 New
FW
257
Fairway Wealth
Ohio
$273K – – –
AF
258
Advisornet Financial
Minnesota
$271K – – –
USCWA
259
U.S. Capital Wealth Advisors
Texas
$268K +$249K +9,450 New
PWP
260
Principle Wealth Partners
Connecticut
$268K -$14.5K -550 -6%
KPWS
261
Kestra Private Wealth Services
Texas
$267K +$7.2K +273 +3%
SBWIC
262
Schaper Benz & Wise Investment Counsel
Wisconsin
$265K – – –
BAAM
263
Baker Avenue Asset Management
California
$263K +$20.9K +792 +9%
IAS
264
Insigneo Advisory Services
Florida
$262K +$243K +9,210 New
CAM
265
Covenant Asset Management
New Jersey
$260K – – –
RFA
266
Resurgent Financial Advisors
Georgia
$256K – – –
PWP
267
Private Wealth Partners
California
$256K +$237K +9,000 New
CWS
268
Confluence Wealth Services
Pennsylvania
$252K – – –
KeyBank National Association
269
KeyBank National Association
Ohio
$251K – – –
ACMA
270
Arbor Capital Management (Alaska)
Alaska
$248K – – –
KAM
271
Knightsbridge Asset Management
California
$246K – – –
NCMW
272
Northern Capital Management (Washington)
Washington
$238K +$221K +8,380 New
IAMOG
273
Investors Asset Management of Georgia
Georgia
$234K -$7.91K -300 -4%
DWP
274
Daymark Wealth Partners
Ohio
$233K +$216K +8,184 New
PWM
275
Perigon Wealth Management
California
$232K -$18.5K -700 -8%
9 10
11
12 13

CEF Hedge Fund Activity: Q1 2025 in Review

363 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2025, worth a combined $1.74B — up 15% from $1.51B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new CEF positions and 28 closed out — a net gain of 11 holders — while 106 added to existing stakes and 95 trimmed.

The largest buyer was Demars Financial Group, adding an estimated $11.2M. The largest seller was Parallax Volatility Advisers, cutting an estimated $52.1M.

  • 363 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2025, up from 356 in Q4 2024.
  • Funds reported $1.74B of Sprott Physical Gold and Silver Trust stock for Q1 2025, up 15% quarter-over-quarter.
  • 39 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2025 and 28 closed out, a net change of +11 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q1 2025 was Demars Financial Group, an estimated $11.2M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q1 2025 was Parallax Volatility Advisers, an estimated $52.1M sold.

Based on aggregated 13F filings for Q1 2025.