Sprott Physical Gold and Silver Trust
CEF
174 hedge funds and large institutions have $86.3B invested in Sprott Physical Gold and Silver Trust in 2013 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 46 increasing their positions, 60 reducing their positions, and 20 closing their positions.
19% more capital invested
Capital invested by funds: $72.7B → $86.3B (+$13.6B)
15% more funds holding in top 10
Funds holding in top 10: 13 → 15 (+2)
0.92% less ownership
Funds ownership: 20.4% → 19.48% (-0.92%)
3% less funds holding
Funds holding: 179 → 174 (-5)
20% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 20
23% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$20.4M |
| 2 |
Morgan Stanley
New York
|
+$16.1M |
| 3 |
FAM
Forty4 Asset Management
Chicago,
Illinois
|
+$8.07M |
| 4 |
EPIM
Equinox Partners Investment Management
Stamford,
Connecticut
|
+$5.71M |
| 5 |
HP
HT Partners
Centerbrook,
Connecticut
|
+$2.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$35.7M |
| 2 |
SCM
Seamans Capital Management
Boston,
Massachusetts
|
-$15.1M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$9.51M |
| 4 |
SO
STRS Ohio
Columbus,
Ohio
|
-$7.28M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.59M |
CEF Hedge Fund Activity: Q3 2013 in Review
174 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2013, worth a combined $86.3B — up 19% from $72.7B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of CEF and 16 opened new positions — a net loss of 4 holders — while 60 trimmed existing stakes and 46 added.
The largest buyer was Polar Asset Management Partners, adding an estimated $20.4M. The largest seller was Canada Life, cutting an estimated $35.7M.
- 174 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2013, down from 179 in Q2 2013.
- Funds reported $86.3B of Sprott Physical Gold and Silver Trust stock for Q3 2013, up 19% quarter-over-quarter.
- 16 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2013 and 20 closed out, a net change of -4 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q3 2013 was Polar Asset Management Partners, an estimated $20.4M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q3 2013 was Canada Life, an estimated $35.7M sold.
Based on aggregated 13F filings for Q3 2013.