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Sprott Physical Gold and Silver Trust
CEF

181 hedge funds and large institutions have $517M invested in Sprott Physical Gold and Silver Trust in 2019 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 49 increasing their positions, 52 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

0% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 21

3% less capital invested

Capital invested by funds: $534M → $517M (-$17M)

6% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 52

1% less funds holding

Funds holding: 183 → 181 (-2)

1.95% less ownership

Funds ownership: 20% → 18.05% (-2%)

Holders
181
Holders Change
-2
Holders Change %
-1.09%
% of All Funds
3.97%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.18%
New
21
Increased
49
Reduced
52
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PAG
Private Advisor Group
New Jersey
+$8.57M
2
BFA
Beaumont Financial Advisors
Massachusetts
+$6.71M
3
HHGC
Hunting Hill Global Capital
New York
+$5.54M
4
Cohen & Steers
Cohen & Steers
New York
+$5.44M
5
BCM
Bourgeon Capital Management
Connecticut
+$4.05M

Top Sellers

Rank Fund Capital Flow
1
BFM
Boothbay Fund Management
New York
-$79.1M
2
AP
Antipodes Partners
Australia
-$11.4M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$2.94M
4
Morgan Stanley
Morgan Stanley
New York
-$2.71M
5
AIM
Artemis Investment Management
United Kingdom
-$2.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
MA
26
Mutual Advisors
Nebraska
$5.5M +$490K +34,500 +10%
BFM
27
Boothbay Fund Management
New York
$5.49M -$79.1M -5,568,997 -93%
CC
28
Cannell & Co
New York
$5.46M – – –
Ameriprise
29
Ameriprise
Minnesota
$4.81M +$179K +12,598 +4%
LTFS
30
Ladenburg Thalmann Financial Services
Florida
$4.71M +$609K +42,914 +15%
BCM
31
Bourgeon Capital Management
Connecticut
$4.04M +$4.05M +285,015 New
HCM
32
Hollencrest Capital Management
California
$3.86M – – –
UBS Group
33
UBS Group
Switzerland
$3.81M +$41.8K +2,947 +1%
RJFSA
34
Raymond James Financial Services Advisors
Florida
$3.7M -$1.61M -113,509 -30%
OFG
35
OTA Financial Group
New York
$3.66M +$471K +33,185 +15%
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$3.6M +$808K +56,943 +29%
BA
37
Bennicas & Associates
California
$3.43M +$83.6K +5,890 +2%
CIBC World Market
38
CIBC World Market
Ontario, Canada
$3.39M +$444K +31,277 +15%
SCM
39
Southport Capital Management
Tennessee
$3.33M +$375K +26,386 +13%
PFM
40
Peak Financial Management
Massachusetts
$3.24M +$66.4K +4,680 +2%
BUB
41
BBVA USA Bancshares
Texas
$2.93M – – –
CAN
42
Cetera Advisor Networks
California
$2.92M -$75.7K -5,333 -3%
Stifel Financial
43
Stifel Financial
Missouri
$2.69M -$320K -22,550 -10%
MCM
44
Marathon Capital Management
Maryland
$2.69M +$7.1K +500 +0.3%
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$2.69M +$107K +7,533 +4%
TC
46
Telemus Capital
Michigan
$2.61M -$168K -11,830 -6%
VDBMI
47
Van Den Berg Management I
Texas
$2.31M +$2.31M +162,945 New
CCA
48
Catalyst Capital Advisors
New York
$2.26M – – –
BTS
49
BB&T Securities
Virginia
$2.24M -$323K -22,716 -13%
CIC
50
Chase Investment Counsel
Virginia
$1.71M -$5.68K -400 -0.3%
1
2
3 4 5

CEF Hedge Fund Activity: Q3 2019 in Review

181 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2019, worth a combined $517M — down 3.2% from $534M a quarter earlier.

Fund positioning in CEF was balanced in Q3 2019: 21 funds opened new positions, 21 closed out, 49 added to existing stakes and 52 trimmed.

The largest buyer was Private Advisor Group, adding an estimated $8.57M. The largest seller was Boothbay Fund Management, cutting an estimated $79.1M.

  • 181 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2019, down from 183 in Q2 2019.
  • Funds reported $517M of Sprott Physical Gold and Silver Trust stock for Q3 2019, down 3.2% quarter-over-quarter.
  • 21 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2019 and 21 closed out, a net change of 0 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q3 2019 was Private Advisor Group, an estimated $8.57M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q3 2019 was Boothbay Fund Management, an estimated $79.1M sold.

Based on aggregated 13F filings for Q3 2019.