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Sprott Physical Gold and Silver Trust
CEF

282 hedge funds and large institutions have $1.31B invested in Sprott Physical Gold and Silver Trust in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 88 increasing their positions, 73 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 16

24% more capital invested

Capital invested by funds: $1.05B → $1.31B (+$254M)

21% more repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 73

14% more funds holding in top 10

Funds holding in top 10: 14 → 16 (+2)

3.25% more ownership

Funds ownership: 27.21% → 30.45% (+3.2%)

0% less funds holding

Funds holding: 283 → 282 (-1)

Holders
282
Holders Change
-1
Holders Change %
-0.35%
% of All Funds
4.49%
Holding in Top 10
16
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+14.29%
% of All Funds
0.25%
New
22
Increased
88
Reduced
73
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SS
Simplicity Solutions
Minnesota
+$98.4M
2
CTC
Central Trust Company
Missouri
+$6.52M
3
CAC
Cowen and Company
New York
+$5.62M
4
SRC
Shufro Rose & Co
New York
+$4.82M
5
MCM
Marathon Capital Management
Maryland
+$4.81M

Top Sellers

Rank Fund Capital Flow
1
HHGC
Hunting Hill Global Capital
New York
-$11.2M
2
Ameriprise
Ameriprise
Minnesota
-$9.11M
3
JAM
Jupiter Asset Management
United Kingdom
-$7.54M
4
ECM
Evergreen Capital Management
Washington
-$7.27M
5
LNC
Lincoln National Corp
Pennsylvania
-$3.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAMP
26
Polar Asset Management Partners
Ontario, Canada
$10.6M – – –
Bank of America
27
Bank of America
North Carolina
$10.6M -$2.6M -145,078 -21%
PI
28
PFG Investments
New York
$10M +$9.53M +531,380 New
PHS
29
Pekin Hardy Strauss
Illinois
$9.3M +$224K +12,475 +3%
CC
30
Cannell & Co
New York
$9.04M – – –
Cohen & Steers
31
Cohen & Steers
New York
$8.62M +$1.67M +92,911 +26%
Neuberger Berman Group
32
Neuberger Berman Group
New York
$8.4M -$43.5K -2,424 -0.5%
NHFG
33
New Harbor Financial Group
Massachusetts
$7.89M -$181K -10,104 -2%
MGWM
34
Marks Group Wealth Management
Minnesota
$7.51M -$310K -17,302 -4%
CIBC World Market
35
CIBC World Market
Ontario, Canada
$6.88M +$141K +7,853 +2%
EPAM
36
Euro Pacific Asset Management
Puerto Rico
$6.84M +$87.1K +4,856 +1%
DFG
37
Demars Financial Group
Washington
$6.27M -$374K -20,843 -6%
CWM
38
Cadence Wealth Management
Massachusetts
$6.15M +$182K +10,169 +3%
HCM
39
Hollencrest Capital Management
California
$5.93M +$493K +27,500 +10%
CAC
40
Cowen and Company
New York
$5.92M +$5.62M +313,051 New
RJFSA
41
Raymond James Financial Services Advisors
Florida
$5.36M +$74.2K +4,137 +1%
BCM
42
Brookstone Capital Management
Illinois
$5.33M -$158K -8,831 -3%
T. Rowe Price Associates
43
T. Rowe Price Associates
Maryland
$5.21M – – –
MCM
44
Marathon Capital Management
Maryland
$5.07M +$4.81M +268,100 New
MSAM
45
Moloney Securities Asset Management
Missouri
$4.95M +$4.69M +261,509 New
NW
46
NewEdge Wealth
Pennsylvania
$4.49M – – –
BPA
47
Beacon Pointe Advisors
California
$4.41M +$4.18M +233,268 New
Jane Street
48
Jane Street
New York
$4.19M +$2.18M +121,726 +122%
CAN
49
Cetera Advisor Networks
California
$4.14M +$83.6K +4,658 +2%
MA
50
Mutual Advisors
Nebraska
$3.98M +$152K +8,487 +4%
1
2
3 4 5

CEF Hedge Fund Activity: Q1 2023 in Review

282 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2023, worth a combined $1.31B — up 24% from $1.05B a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new CEF positions and 16 closed out — a net gain of 6 holders — while 88 added to existing stakes and 73 trimmed.

The largest buyer was Simplicity Solutions, adding an estimated $98.4M. The largest seller was Hunting Hill Global Capital, cutting an estimated $11.2M.

  • 282 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2023, down from 283 in Q4 2022.
  • Funds reported $1.31B of Sprott Physical Gold and Silver Trust stock for Q1 2023, up 24% quarter-over-quarter.
  • 22 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2023 and 16 closed out, a net change of +6 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q1 2023 was Simplicity Solutions, an estimated $98.4M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q1 2023 was Hunting Hill Global Capital, an estimated $11.2M sold.

Based on aggregated 13F filings for Q1 2023.