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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DFG
Demars Financial Group
Spokane Valley,
Washington
|
+$11.2M |
| 2 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
+$6.9M |
| 3 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$6.55M |
| 4 |
Morgan Stanley
New York
|
+$4.98M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$3.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
-$52.1M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$20.4M |
| 3 |
SRC
Shufro Rose & Co
New York
|
-$18.5M |
| 4 |
Jane Street
New York
|
-$12.2M |
| 5 |
FFO
Fiduciary Family Office
Boca Raton,
Florida
|
-$8.61M |
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.