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Sprott Physical Gold and Silver Trust

185 hedge funds and large institutions have $85.8B invested in Sprott Physical Gold and Silver Trust in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 70 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more capital invested

Capital invested by funds: $82.6B → $85.8B (+$3.26B)

1.17% less ownership

Funds ownership: 21.23%20.07% (-1.2%)

5% less funds holding

Funds holding: 194185 (-9)

14% less funds holding in top 10

Funds holding in top 10: 1412 (-2)

34% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 70

39% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 23

Holders
185
Holders Change
-9
Holders Change %
-4.64%
% of All Funds
5.34%
Holding in Top 10
12
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-14.29%
% of All Funds
0.35%
New
14
Increased
46
Reduced
70
Closed
23
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Commonwealth Equity Services
51
Commonwealth Equity Services
Massachusetts
$2.53M -$170K -11,987 -6%
MIG
52
Mariner Investment Group
New York
$2.46M -$5.2M -366,189 -67%
HCM
53
Howland Capital Management
Massachusetts
$2.43M +$72.8K +5,120 +3%
BI
54
Braeside Investments
Texas
$2.24M -$83.7K -5,887 -3%
TD Asset Management
55
TD Asset Management
Ontario, Canada
$2.17M -$5.4K -380 -0.2%
WA
56
WFG Advisors
Texas
$2.15M +$448K +31,517 +25%
MAS
57
Madden Advisory Services
Florida
$1.94M -$218K -15,322 -10%
SCM
58
Summit Capital Management
Washington
$1.9M -$294K -20,664 -13%
FCMC
59
Founders Capital Management (Connecticut)
Connecticut
$1.82M -$42.2K -2,967 -2%
Janney Montgomery Scott
60
Janney Montgomery Scott
Pennsylvania
$1.73M +$155K +10,875 +9%
B
61
Baird
Wisconsin
$1.71M -$1.1M -77,345 -38%
SC
62
Scotia Capital
Ontario, Canada
$1.7M +$251K +17,646 +17%
BUB
63
BBVA USA Bancshares
Texas
$1.58M
William Blair & Company
64
William Blair & Company
Illinois
$1.51M +$14.2K +1,000 +0.9%
CL
65
CSS LLC
Illinois
$1.48M +$157K +11,045 +11%
CIC
66
Chase Investment Counsel
Virginia
$1.47M -$18.6K -1,310 -1%
BSWMG
67
Barrington Strategic Wealth Management Group
Illinois
$1.46M +$107K +7,535 +8%
CDH
68
Charles D. Hyman
$1.4M +$193K +13,600 +15%
Bank of Montreal
69
Bank of Montreal
Ontario, Canada
$1.39M +$175K +12,322 +14%
Goldman Sachs
70
Goldman Sachs
New York
$1.36M -$59.8K -4,208 -4%
Bank of New York Mellon
71
Bank of New York Mellon
New York
$1.33M -$872K -61,370 -39%
JIC
72
Johnson Investment Counsel
Ohio
$1.29M -$948K -66,680 -42%
BNP Paribas Financial Markets
73
BNP Paribas Financial Markets
France
$1.29M -$330K -23,200 -20%
WAM
74
Wolverine Asset Management
Illinois
$1.27M +$372K +26,171 +42%
GIM
75
Guild Investment Management
California
$1.23M -$7.25K -510 -0.6%

CEF Hedge Fund Activity: Q1 2014 in Review

185 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2014, worth a combined $85.8B — up 3.9% from $82.6B a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of CEF and 14 opened new positions — a net loss of 9 holders — while 70 trimmed existing stakes and 46 added.

The largest buyer was Millennium Management, adding an estimated $13.7M. The largest seller was Forty4 Asset Management, cutting an estimated $26.4M.

  • 185 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2014, down from 194 in Q4 2013.
  • Funds reported $85.8B of Sprott Physical Gold and Silver Trust stock for Q1 2014, up 3.9% quarter-over-quarter.
  • 14 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2014 and 23 closed out, a net change of -9 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q1 2014 was Millennium Management, an estimated $13.7M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q1 2014 was Forty4 Asset Management, an estimated $26.4M sold.

Based on aggregated 13F filings for Q1 2014.