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Sprott Physical Gold and Silver Trust

197 hedge funds and large institutions have $550M invested in Sprott Physical Gold and Silver Trust in 2018 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 40 increasing their positions, 61 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 14

5% more funds holding

Funds holding: 187197 (+10)

5.88% less ownership

Funds ownership: 21.98%16.09% (-5.9%)

26% less capital invested

Capital invested by funds: $746M → $550M (-$197M)

27% less funds holding in top 10

Funds holding in top 10: 118 (-3)

34% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 61

Holders
197
Holders Change
+10
Holders Change %
+5.35%
% of All Funds
4.51%
Holding in Top 10
8
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-27.27%
% of All Funds
0.18%
New
25
Increased
40
Reduced
61
Closed
14
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Fiera Capital (Canada)
51
Fiera Capital (Canada)
Quebec, Canada
$2.06M
CIBC World Market
52
CIBC World Market
Ontario, Canada
$2.03M +$2.14M +162,289 New
Susquehanna International Group
53
Susquehanna International Group
Pennsylvania
$1.9M +$2M +151,548 New
Ameriprise
54
Ameriprise
Minnesota
$1.81M +$153K +11,572 +9%
GI
55
Glovista Investments
New Jersey
$1.79M -$1.32K -100 -0.1%
CA
56
Cetera Advisors
Colorado
$1.79M +$1.89M +143,295 New
PAG
57
Private Advisor Group
New Jersey
$1.78M +$987K +74,653 +110%
OC
58
Oppenheimer & Close
New York
$1.73M -$132K -10,000 -7%
CIC
59
Chase Investment Counsel
Virginia
$1.55M -$4.36K -330 -0.3%
AFM
60
Anson Funds Management
Texas
$1.5M
CCA
61
Catalyst Capital Advisors
New York
$1.5M +$311K +23,500 +24%
FIM
62
Freedom Investment Management
Connecticut
$1.5M +$85.6K +6,477 +6%
RGC
63
Roberts, Glore & Co
Illinois
$1.47M -$14.5K -1,100 -0.9%
BIA
64
Barry Investment Advisors
Massachusetts
$1.46M -$193K -14,579 -11%
BUB
65
BBVA USA Bancshares
Texas
$1.44M
BFA
66
Bragg Financial Advisors
North Carolina
$1.4M +$11K +830 +0.7%
AIM
67
Arcadia Investment Management
Michigan
$1.38M
Janney Montgomery Scott
68
Janney Montgomery Scott
Pennsylvania
$1.36M +$4K +303 +0.3%
TF
69
TIAA FSB
Florida
$1.35M
JMPWA
70
JP Morgan Private Wealth Advisors
California
$1.33M -$75.3K -5,700 -5%
TWM
71
Titus Wealth Management
California
$1.13M
CC
72
Chicago Capital
Illinois
$1.11M +$841K +63,660 +255%
SWP
73
Stratos Wealth Partners
Ohio
$1.1M -$88.7K -6,712 -7%
IIA
74
IPG Investment Advisors
California
$1.06M
ECM
75
Evergreen Capital Management
Washington
$983K

CEF Hedge Fund Activity: Q2 2018 in Review

197 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2018, worth a combined $550M — down 26% from $746M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new CEF positions and 14 closed out — a net gain of 11 holders — while 40 added to existing stakes and 61 trimmed.

The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $14M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $131M sold.

  • 197 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2018, up from 187 in Q1 2018.
  • Funds reported $550M of Sprott Physical Gold and Silver Trust stock for Q2 2018, down 26% quarter-over-quarter.
  • 25 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2018 and 14 closed out, a net change of +11 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q2 2018 was T. Rowe Price Associates, an estimated $14M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q2 2018 was Polar Asset Management Partners, an estimated $131M sold.

Based on aggregated 13F filings for Q2 2018.