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Sprott Physical Gold and Silver Trust

185 hedge funds and large institutions have $85.8B invested in Sprott Physical Gold and Silver Trust in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 70 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more capital invested

Capital invested by funds: $82.6B → $85.8B (+$3.26B)

1.17% less ownership

Funds ownership: 21.23%20.07% (-1.2%)

5% less funds holding

Funds holding: 194185 (-9)

14% less funds holding in top 10

Funds holding in top 10: 1412 (-2)

34% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 70

39% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 23

Holders
185
Holders Change
-9
Holders Change %
-4.64%
% of All Funds
5.34%
Holding in Top 10
12
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-14.29%
% of All Funds
0.35%
New
14
Increased
46
Reduced
70
Closed
23
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RJA
26
Raymond James & Associates
Florida
$8.07M +$1.01M +71,408 +14%
ECM
27
Evergreen Capital Management
Washington
$8.06M -$553K -38,930 -6%
RCM
28
Rivernorth Capital Management
Florida
$7.87M
Stifel Financial
29
Stifel Financial
Missouri
$6.99M +$7.22M +507,931 New
CCMD
30
Cypress Capital Management (Delaware)
Delaware
$6.58M +$352K +24,750 +5%
Canada Life
31
Canada Life
Manitoba, Canada
$5.64M -$4.18M -294,295 -42%
RA
32
Royce & Associates
New York
$5.55M -$17.1M -1,206,200 -75%
NHFG
33
New Harbor Financial Group
Massachusetts
$5.28M -$76.1K -5,354 -1%
GIM
34
Greylin Investment Management
Virginia
$5.07M -$90.9K -6,400 -2%
CAN
35
Cetera Advisor Networks
California
$5.04M +$379K +26,648 +8%
AIM
36
Assured Investment Management
New York
$4.13M
Mackenzie Financial
37
Mackenzie Financial
Ontario, Canada
$4M +$22.7K +1,600 +0.6%
Federated Hermes
38
Federated Hermes
Pennsylvania
$3.92M +$355K +25,000 +10%
CPS
39
Counsel Portfolio Services
Ontario, Canada
$3.79M +$69.5K +4,894 +2%
HCM
40
Hollencrest Capital Management
California
$3.79M
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
$3.69M -$246K -17,323 -6%
CA
42
Cetera Advisors
Colorado
$3.68M +$405K +28,490 +12%
HNB
43
Huntington National Bank
Ohio
$3.62M
BA
44
Bennicas & Associates
California
$3.56M -$399K -28,100 -10%
PAG
45
Private Advisor Group
New Jersey
$3.36M +$2.47M +173,995 +247%
AA
46
Ancora Advisors
Ohio
$3.35M
Barclays
47
Barclays
United Kingdom
$2.98M
Bank of America
48
Bank of America
North Carolina
$2.97M +$942K +66,303 +44%
Fiera Capital (Canada)
49
Fiera Capital (Canada)
Quebec, Canada
$2.89M -$59.7K -4,200 -2%
PG
50
Portola Group
California
$2.75M -$1.02M -71,662 -26%

CEF Hedge Fund Activity: Q1 2014 in Review

185 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2014, worth a combined $85.8B — up 3.9% from $82.6B a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of CEF and 14 opened new positions — a net loss of 9 holders — while 70 trimmed existing stakes and 46 added.

The largest buyer was Millennium Management, adding an estimated $13.7M. The largest seller was Forty4 Asset Management, cutting an estimated $26.4M.

  • 185 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2014, down from 194 in Q4 2013.
  • Funds reported $85.8B of Sprott Physical Gold and Silver Trust stock for Q1 2014, up 3.9% quarter-over-quarter.
  • 14 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2014 and 23 closed out, a net change of -9 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q1 2014 was Millennium Management, an estimated $13.7M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q1 2014 was Forty4 Asset Management, an estimated $26.4M sold.

Based on aggregated 13F filings for Q1 2014.