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Sprott Physical Gold and Silver Trust

178 hedge funds and large institutions have $634M invested in Sprott Physical Gold and Silver Trust in 2015 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 41 increasing their positions, 53 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.37% more ownership

Funds ownership: 18.82%20.19% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 1010 (0)

2% less capital invested

Capital invested by funds: $649M → $634M (-$14.9M)

3% less funds holding

Funds holding: 183178 (-5)

11% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 19

23% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 53

Holders
178
Holders Change
-5
Holders Change %
-2.73%
% of All Funds
4.97%
Holding in Top 10
10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.28%
New
17
Increased
41
Reduced
53
Closed
19
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AII
26
AGF Investments Inc
Ontario, Canada
$6.59M -$471K -43,440 -7%
OC
27
Oppenheimer & Close
New York
$5.9M +$1.21M +112,000 +25%
FRM
28
Fore Research & Management
New York
$5.82M
JIP
29
Jaffetilchin Investment Partners
Florida
$5.73M
MWM
30
Merriman Wealth Management
Washington
$4.84M +$770K +71,000 +18%
PP
31
Paloma Partners
Connecticut
$4.66M -$54.2K -5,000 -1%
UBS Group
32
UBS Group
Switzerland
$4M +$598K +55,206 +17%
NHFG
33
New Harbor Financial Group
Massachusetts
$3.95M -$196K -18,105 -5%
RJA
34
Raymond James & Associates
Florida
$3.83M -$2.1M -193,826 -35%
Bank of Montreal
35
Bank of Montreal
Ontario, Canada
$3.54M -$242K -22,334 -6%
Millennium Management
36
Millennium Management
New York
$3.18M +$3.26M +300,390 New
GIM
37
Greylin Investment Management
Virginia
$3.17M -$52.8K -4,875 -2%
HCM
38
Hollencrest Capital Management
California
$3.05M
VFAM
39
Valley Forge Asset Management
Pennsylvania
$2.91M -$118K -10,870 -4%
BA
40
Bennicas & Associates
California
$2.88M -$97.5K -9,000 -3%
ECM
41
Evergreen Capital Management
Washington
$2.81M +$263K +24,255 +10%
Bank of America
42
Bank of America
North Carolina
$2.25M +$749K +69,101 +48%
CA
43
Cetera Advisors
Colorado
$2.23M -$223K -20,570 -9%
Baird Financial Group
44
Baird Financial Group
Wisconsin
$2.1M -$886K -81,759 -29%
BIA
45
Barry Investment Advisors
Massachusetts
$1.73M -$158K -14,551 -8%
SJIC
46
St. James Investment Company
Texas
$1.72M +$534K +49,225 +44%
Mackenzie Financial
47
Mackenzie Financial
Ontario, Canada
$1.7M -$638K -58,867 -27%
PAG
48
Private Advisor Group
New Jersey
$1.62M -$318K -29,381 -16%
HCM
49
Howland Capital Management
Massachusetts
$1.61M +$37.7K +3,480 +2%
Stifel Financial
50
Stifel Financial
Missouri
$1.51M

CEF Hedge Fund Activity: Q3 2015 in Review

178 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2015, worth a combined $634M — down 2.3% from $649M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of CEF and 17 opened new positions — a net loss of 2 holders — while 53 trimmed existing stakes and 41 added.

The largest buyer was Wellington Management Group, adding an estimated $15.2M. The largest seller was Neuberger Berman Group, cutting an estimated $24.4M.

  • 178 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2015, down from 183 in Q2 2015.
  • Funds reported $634M of Sprott Physical Gold and Silver Trust stock for Q3 2015, down 2.3% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2015 and 19 closed out, a net change of -2 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q3 2015 was Wellington Management Group, an estimated $15.2M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q3 2015 was Neuberger Berman Group, an estimated $24.4M sold.

Based on aggregated 13F filings for Q3 2015.