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Sprott Physical Gold and Silver Trust
CEF

183 hedge funds and large institutions have $534M invested in Sprott Physical Gold and Silver Trust in 2019 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 45 increasing their positions, 60 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more capital invested

Capital invested by funds: $515M → $534M (+$19.1M)

0% more funds holding in top 10

Funds holding in top 10: 7 → 7 (0)

0% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 16

0.47% less ownership

Funds ownership: 20.47% → 20% (-0.47%)

2% less funds holding

Funds holding: 186 → 183 (-3)

25% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 60

Holders
183
Holders Change
-3
Holders Change %
-1.61%
% of All Funds
3.97%
Holding in Top 10
7
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.15%
New
16
Increased
45
Reduced
60
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BFM
Boothbay Fund Management
New York
+$14.5M
2
HHGC
Hunting Hill Global Capital
New York
+$11.3M
3
Cohen & Steers
Cohen & Steers
New York
+$4.49M
4
SCM
Southport Capital Management
Tennessee
+$2.6M
5
MWM
Merriman Wealth Management
Washington
+$2.49M

Top Sellers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
-$25.7M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$8.2M
3
FC
Fore Capital
New York
-$5.96M
4
CI
Cowen Inc
New York
-$3.76M
5
CTC
Central Trust Company
Missouri
-$3.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
MA
26
Mutual Advisors
Nebraska
$4.68M +$429K +34,340 +11%
CI
27
Cowen Inc
New York
$4.59M -$3.76M -300,706 -46%
PAG
28
Private Advisor Group
New Jersey
$4.56M +$1.9M +151,812 +79%
Ameriprise
29
Ameriprise
Minnesota
$4.43M +$1.81M +144,751 +80%
LTFS
30
Ladenburg Thalmann Financial Services
Florida
$3.8M +$263K +21,082 +8%
HCM
31
Hollencrest Capital Management
California
$3.6M – – –
UBS Group
32
UBS Group
Switzerland
$3.51M -$265K -21,205 -7%
BA
33
Bennicas & Associates
California
$3.13M -$57.5K -4,600 -2%
OFG
34
OTA Financial Group
New York
$2.98M +$1.4M +112,403 +100%
PFM
35
Peak Financial Management
Massachusetts
$2.96M – – –
Stifel Financial
36
Stifel Financial
Missouri
$2.83M +$208K +16,675 +8%
CAN
37
Cetera Advisor Networks
California
$2.8M +$21.9K +1,750 +0.8%
SCM
38
Southport Capital Management
Tennessee
$2.76M +$2.6M +208,380 New
CIBC World Market
39
CIBC World Market
Ontario, Canada
$2.75M +$183K +14,615 +8%
TC
40
Telemus Capital
Michigan
$2.74M -$440K -35,262 -15%
BUB
41
BBVA USA Bancshares
Texas
$2.73M +$1.15M +91,997 +80%
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$2.61M -$26.9K -2,150 -1%
MCM
43
Marathon Capital Management
Maryland
$2.5M -$30K -2,400 -1%
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$2.41M +$69K +5,523 +3%
BTS
45
BB&T Securities
Virginia
$2.39M -$108K -8,618 -5%
CCA
46
Catalyst Capital Advisors
New York
$2.11M +$212K +17,000 +12%
SC
47
Scotia Capital
Ontario, Canada
$1.64M +$69.7K +5,584 +5%
FDCDDQ
48
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.62M -$38.4K -3,075 -2%
CIC
49
Chase Investment Counsel
Virginia
$1.6M -$4.37K -350 -0.3%
TF
50
TIAA FSB
Florida
$1.5M +$60K +4,801 +4%
1
2
3 4 5

CEF Hedge Fund Activity: Q2 2019 in Review

183 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2019, worth a combined $534M — up 3.7% from $515M a quarter earlier.

Fund positioning in CEF was balanced in Q2 2019: 16 funds opened new positions, 16 closed out, 45 added to existing stakes and 60 trimmed.

The largest buyer was Boothbay Fund Management, adding an estimated $14.5M. The largest seller was Weiss Asset Management, cutting an estimated $25.7M.

  • 183 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2019, down from 186 in Q1 2019.
  • Funds reported $534M of Sprott Physical Gold and Silver Trust stock for Q2 2019, up 3.7% quarter-over-quarter.
  • 16 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2019 and 16 closed out, a net change of 0 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q2 2019 was Boothbay Fund Management, an estimated $14.5M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q2 2019 was Weiss Asset Management, an estimated $25.7M sold.

Based on aggregated 13F filings for Q2 2019.