Sprott Physical Gold and Silver Trust
CEF
187 hedge funds and large institutions have $57B invested in Sprott Physical Gold and Silver Trust in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 59 reducing their positions, and 14 closing their positions.
14% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 14
0.26% more ownership
Funds ownership: 16.43% → 16.7% (+0.26%)
0% more funds holding
Funds holding: 187 → 187 (0)
4% less capital invested
Capital invested by funds: $59.4B → $57B (-$2.39B)
25% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 59
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTIOP
Fiduciary Trust International of Pennsylvania
Radnor,
Pennsylvania
|
+$6.49M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$6.28M |
| 3 |
CTC
Central Trust Company
Jefferson City,
Missouri
|
+$4.05M |
| 4 |
Morgan Stanley
New York
|
+$3.61M |
| 5 |
Cohen & Steers
New York
|
+$3.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$8.77M |
| 2 |
ICM
Ionic Capital Management
New York
|
-$7.02M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.15M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.74M |
| 5 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$1.35M |
CEF Hedge Fund Activity: Q2 2017 in Review
187 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2017, worth a combined $57B — down 4% from $59.4B a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new CEF positions and 14 closed out — a net gain of 2 holders — while 44 added to existing stakes and 59 trimmed.
The largest buyer was Fiduciary Trust International of Pennsylvania, opening a new position worth an estimated $6.49M. The largest seller was LPL Financial, cutting an estimated $8.77M.
- 187 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2017, unchanged from Q1 2017.
- Funds reported $57B of Sprott Physical Gold and Silver Trust stock for Q2 2017, down 4% quarter-over-quarter.
- 16 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2017 and 14 closed out, a net change of +2 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q2 2017 was Fiduciary Trust International of Pennsylvania, an estimated $6.49M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q2 2017 was LPL Financial, an estimated $8.77M sold.
Based on aggregated 13F filings for Q2 2017.