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Sprott Physical Gold and Silver Trust
CEF

195 hedge funds and large institutions have $58.5B invested in Sprott Physical Gold and Silver Trust in 2017 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 57 increasing their positions, 51 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 10

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

12% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 51

4% more funds holding

Funds holding: 187 → 195 (+8)

3% more capital invested

Capital invested by funds: $57B → $58.5B (+$1.45B)

0.32% more ownership

Funds ownership: 16.7% → 17.01% (+0.32%)

Holders
195
Holders Change
+8
Holders Change %
+4.28%
% of All Funds
4.86%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.17%
New
19
Increased
57
Reduced
51
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFPIA
Stevens First Principles Investment Advisors
California
+$4.83M
2
KLC
Knowledge Leaders Capital
Colorado
+$4.65M
3
Bank of America
Bank of America
North Carolina
+$4.11M
4
CTC
Central Trust Company
Missouri
+$3.79M
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$2.04M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$9.07M
2
ECM
Evergreen Capital Management
Washington
-$4.05M
3
LCM
Landscape Capital Management
New Jersey
-$1.34M
4
WAM
Wolverine Asset Management
Illinois
-$1.27M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1M
Name Holding Trade Value Shares
Change 		Change in
Stake
SFPIA
26
Stevens First Principles Investment Advisors
California
$6.7M +$4.83M +382,668 +262%
FTIOP
27
Fiduciary Trust International of Pennsylvania
Pennsylvania
$6.53M – – –
Baird Financial Group
28
Baird Financial Group
Wisconsin
$6.44M +$2.04M +161,298 +46%
KLC
29
Knowledge Leaders Capital
Colorado
$4.66M +$4.65M +368,073 New
CC
30
Cannell & Co
New York
$4.41M – – –
UBS Group
31
UBS Group
Switzerland
$4.26M +$532K +42,128 +14%
ECM
32
Evergreen Capital Management
Washington
$4.24M -$4.05M -321,050 Closed
PP
33
Paloma Partners
Connecticut
$3.96M -$32.5K -2,575 -0.8%
COLIM
34
City of London Investment Management
United Kingdom
$3.66M +$186K +14,700 +5%
CAN
35
Cetera Advisor Networks
California
$3.65M +$47.1K +3,728 +1%
AII
36
AGF Investments Inc
Ontario, Canada
$3.63M – – –
MHS
37
M Holdings Securities
Oregon
$3.57M +$45.3K +3,590 +1%
SC
38
Scotia Capital
Ontario, Canada
$3.52M -$501K -39,676 -12%
HCM
39
Hollencrest Capital Management
California
$3.45M – – –
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$3.28M +$232K +18,369 +8%
BTS
41
BB&T Securities
Virginia
$3.09M -$29K -2,300 -0.9%
BA
42
Bennicas & Associates
California
$3.01M +$36.2K +2,867 +1%
OC
43
Oppenheimer & Co
New York
$2.92M -$24.1K -1,907 -0.8%
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$2.85M +$522K +41,317 +23%
HCM
45
Howland Capital Management
Massachusetts
$2.83M +$225K +17,780 +9%
Commonwealth Equity Services
46
Commonwealth Equity Services
Massachusetts
$2.82M -$704K -55,749 -20%
OTC
47
Opera Trading Capital
France
$2.8M +$684K +54,200 +32%
Ameriprise
48
Ameriprise
Minnesota
$2.72M +$1.13M +89,097 +71%
Stifel Financial
49
Stifel Financial
Missouri
$2.65M +$221K +17,511 +9%
GIM
50
Greylin Investment Management
Virginia
$2.59M -$231K -18,325 -8%
1
2
3 4 5

CEF Hedge Fund Activity: Q3 2017 in Review

195 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2017, worth a combined $58.5B — up 2.5% from $57B a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new CEF positions and 10 closed out — a net gain of 9 holders — while 57 added to existing stakes and 51 trimmed.

The largest buyer was Stevens First Principles Investment Advisors, adding an estimated $4.83M. The largest seller was Morgan Stanley, cutting an estimated $9.07M.

  • 195 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2017, up from 187 in Q2 2017.
  • Funds reported $58.5B of Sprott Physical Gold and Silver Trust stock for Q3 2017, up 2.5% quarter-over-quarter.
  • 19 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2017 and 10 closed out, a net change of +9 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q3 2017 was Stevens First Principles Investment Advisors, an estimated $4.83M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q3 2017 was Morgan Stanley, an estimated $9.07M sold.

Based on aggregated 13F filings for Q3 2017.