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Sprott Physical Gold and Silver Trust
CEF

192 hedge funds and large institutions have $583M invested in Sprott Physical Gold and Silver Trust in 2018 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 44 increasing their positions, 58 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $550M → $583M (+$33M)

4.2% more ownership

Funds ownership: 16.09% → 20.29% (+4.2%)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

3% less funds holding

Funds holding: 197 → 192 (-5)

19% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 21

24% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 58

Holders
192
Holders Change
-5
Holders Change %
-2.54%
% of All Funds
4.39%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.18%
New
17
Increased
44
Reduced
58
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PAMP
Polar Asset Management Partners
Ontario, Canada
+$37M
2
CTC
Central Trust Company
Missouri
+$28.4M
3
WAM
Weiss Asset Management
Massachusetts
+$22.9M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$7.58M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$3.44M

Top Sellers

1
RJA
Raymond James & Associates
Florida
-$7.95M
2
BFA
Beaumont Financial Advisors
Massachusetts
-$6.2M
3
RCM
Rivernorth Capital Management
Florida
-$5.48M
4
KPF
K2 Principal Fund
Ontario, Canada
-$5.01M
5
Cohen & Steers
Cohen & Steers
New York
-$3.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
JIP
26
Jaffetilchin Investment Partners
Florida
$6.02M -$148K -12,319 -2%
FTIOP
27
Fiduciary Trust International of Pennsylvania
Pennsylvania
$5.99M – – –
FDCDDQ
28
Federation des caisses Desjardins du Quebec
Quebec, Canada
$5.71M +$55.7K +4,652 +1%
OTC
29
Opera Trading Capital
France
$5.66M – – –
NWM
30
Nicola Wealth Management
British Columbia, Canada
$5.44M +$419K +35,000 +11%
FC
31
Fore Capital
New York
$4.79M +$479K +40,000 +11%
CC
32
Cannell & Co
New York
$3.71M – – –
Baird Financial Group
33
Baird Financial Group
Wisconsin
$3.42M -$2.32M -193,839 -40%
MHS
34
M Holdings Securities
Oregon
$3.39M -$56.5K -4,722 -2%
HCM
35
Hollencrest Capital Management
California
$3.38M – – –
MA
36
Mutual Advisors
Nebraska
$3.36M -$28.2K -2,358 -0.8%
CL
37
CSS LLC
Illinois
$3.35M +$3.29M +274,748 +2,271%
UBS Group
38
UBS Group
Switzerland
$3.19M -$756K -63,176 -19%
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$2.96M -$460K -38,429 -13%
OC
40
Oppenheimer & Co
New York
$2.91M +$25.1K +2,100 +0.9%
TC
41
Telemus Capital
Michigan
$2.82M +$63.8K +5,330 +2%
BA
42
Bennicas & Associates
California
$2.81M – – –
SC
43
Scotia Capital
Ontario, Canada
$2.58M -$668K -55,783 -20%
BTS
44
BB&T Securities
Virginia
$2.48M -$72.4K -6,050 -3%
CAN
45
Cetera Advisor Networks
California
$2.44M +$129K +10,732 +5%
SI
46
Sprott Inc
Ontario, Canada
$2.4M +$2.3M +192,015 +1,405%
MCM
47
Marathon Capital Management
Maryland
$2.3M -$15K -1,250 -0.6%
Stifel Financial
48
Stifel Financial
Missouri
$2.29M -$127K -10,597 -5%
LPL Financial
49
LPL Financial
California
$2.27M -$546K -45,618 -19%
Commonwealth Equity Services
50
Commonwealth Equity Services
Massachusetts
$2.22M -$4.37K -365 -0.2%
1
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3 4 5

CEF Hedge Fund Activity: Q3 2018 in Review

192 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2018, worth a combined $583M — up 6% from $550M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of CEF and 17 opened new positions — a net loss of 4 holders — while 58 trimmed existing stakes and 44 added.

The largest buyer was Polar Asset Management Partners, opening a new position worth an estimated $37M. The largest seller was Raymond James & Associates, cutting an estimated $7.95M.

  • 192 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2018, down from 197 in Q2 2018.
  • Funds reported $583M of Sprott Physical Gold and Silver Trust stock for Q3 2018, up 6% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2018 and 21 closed out, a net change of -4 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q3 2018 was Polar Asset Management Partners, an estimated $37M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q3 2018 was Raymond James & Associates, an estimated $7.95M sold.

Based on aggregated 13F filings for Q3 2018.