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Sprott Physical Gold and Silver Trust
CEF

172 hedge funds and large institutions have $93.2B invested in Sprott Physical Gold and Silver Trust in 2016 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 47 increasing their positions, 55 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $84.9B → $93.2B (+$8.28B)

2% less funds holding

Funds holding: 176 → 172 (-4)

2.41% less ownership

Funds ownership: 19.89% → 17.48% (-2.4%)

15% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 55

15% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 20

25% less funds holding in top 10

Funds holding in top 10: 12 → 9 (-3)

Holders
172
Holders Change
-4
Holders Change %
-2.27%
% of All Funds
4.59%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.24%
New
17
Increased
47
Reduced
55
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$28.4M
2
SI
Sprott Inc
Ontario, Canada
+$20.5M
3
CTC
Central Trust Company
Missouri
+$3.56M
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$3.37M
5
CIBC Asset Management
CIBC Asset Management
Ontario, Canada
+$3.3M

Top Sellers

1
Capstone Investment Advisors
Capstone Investment Advisors
New York
-$38.7M
2
PAMP
Polar Asset Management Partners
Ontario, Canada
-$17.9M
3
LCM
Landscape Capital Management
New Jersey
-$15.4M
4
Morgan Stanley
Morgan Stanley
New York
-$15M
5
AGM
Alpine Global Management
New York
-$9.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
Neuberger Berman Group
26
Neuberger Berman Group
New York
$7.32M -$294K -22,800 -4%
Bank of America
27
Bank of America
North Carolina
$6.42M +$597K +46,378 +11%
UBS Group
28
UBS Group
Switzerland
$6.21M +$108K +8,416 +2%
GIM
29
Guild Investment Management
California
$5.89M +$2.07M +160,760 +61%
COLIM
30
City of London Investment Management
United Kingdom
$5.77M -$6.04M -469,516 -53%
AII
31
AGF Investments Inc
Ontario, Canada
$5.16M – – –
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$4.68M +$3.37M +262,056 +351%
Baird Financial Group
33
Baird Financial Group
Wisconsin
$4.15M +$190K +14,731 +5%
CTC
34
Central Trust Company
Missouri
$3.94M +$3.56M +276,842 +4,220%
HCM
35
Hollencrest Capital Management
California
$3.79M – – –
ECM
36
Evergreen Capital Management
Washington
$3.75M -$65K -5,050 -2%
Bank of Montreal
37
Bank of Montreal
Ontario, Canada
$3.73M +$188K +14,604 +6%
CAN
38
Cetera Advisor Networks
California
$3.62M +$47.8K +3,710 +1%
SC
39
Scotia Capital
Ontario, Canada
$3.47M -$738K -57,330 -19%
CC
40
Cannell & Co
New York
$3.45M +$1.49M +116,000 +88%
BA
41
Bennicas & Associates
California
$3.32M -$45.1K -3,500 -1%
GIM
42
Greylin Investment Management
Virginia
$3.23M -$200K -15,525 -6%
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$2.98M +$581K +45,156 +27%
FIM
44
Freedom Investment Management
Connecticut
$2.91M +$1.81M +140,906 +206%
BTS
45
BB&T Securities
Virginia
$2.85M -$61.8K -4,800 -2%
AGM
46
Alpine Global Management
New York
$2.63M -$9.73M -755,834 -80%
SJIC
47
St. James Investment Company
Texas
$2.58M +$524K +40,690 +28%
CA
48
Cetera Advisors
Colorado
$2.57M -$52.4K -4,074 -2%
PAG
49
Private Advisor Group
New Jersey
$2.49M -$19.2K -1,491 -1%
MWM
50
Merriman Wealth Management
Washington
$2.17M -$1.25M -97,096 -38%
1
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CEF Hedge Fund Activity: Q2 2016 in Review

172 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2016, worth a combined $93.2B — up 9.8% from $84.9B a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of CEF and 17 opened new positions — a net loss of 3 holders — while 55 trimmed existing stakes and 47 added.

The largest buyer was Wellington Management Group, adding an estimated $28.4M. The largest seller was Capstone Investment Advisors, exiting entirely with an estimated $38.7M sold.

  • 172 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2016, down from 176 in Q1 2016.
  • Funds reported $93.2B of Sprott Physical Gold and Silver Trust stock for Q2 2016, up 9.8% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2016 and 20 closed out, a net change of -3 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q2 2016 was Wellington Management Group, an estimated $28.4M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q2 2016 was Capstone Investment Advisors, an estimated $38.7M sold.

Based on aggregated 13F filings for Q2 2016.