Sprott Physical Gold and Silver Trust
CEF
179 hedge funds and large institutions have $92.7B invested in Sprott Physical Gold and Silver Trust in 2016 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 49 increasing their positions, 53 reducing their positions, and 9 closing their positions.
78% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 9
4% more funds holding
Funds holding: 172 → 179 (+7)
1% less capital invested
Capital invested by funds: $93.2B → $92.7B (-$503M)
8% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 53
1.13% less ownership
Funds ownership: 17.48% → 16.35% (-1.1%)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.24M |
| 2 |
CTC
Central Trust Company
Jefferson City,
Missouri
|
+$4.74M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$3.24M |
| 4 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$2.96M |
| 5 |
BIA
Barry Investment Advisors
New Bedford,
Massachusetts
|
+$2.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$27.5M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$11.3M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$9.7M |
| 4 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$6.75M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$4.65M |
CEF Hedge Fund Activity: Q3 2016 in Review
179 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2016, worth a combined $92.7B — down 0.54% from $93.2B a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new CEF positions and 9 closed out — a net gain of 7 holders — while 49 added to existing stakes and 53 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $6.24M. The largest seller was Wellington Management Group, cutting an estimated $27.5M.
- 179 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2016, up from 172 in Q2 2016.
- Funds reported $92.7B of Sprott Physical Gold and Silver Trust stock for Q3 2016, down 0.54% quarter-over-quarter.
- 16 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2016 and 9 closed out, a net change of +7 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q3 2016 was Royal Bank of Canada, an estimated $6.24M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q3 2016 was Wellington Management Group, an estimated $27.5M sold.
Based on aggregated 13F filings for Q3 2016.