Sprott Physical Gold and Silver Trust
CEF
190 hedge funds and large institutions have $473M invested in Sprott Physical Gold and Silver Trust in 2020 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 59 increasing their positions, 46 reducing their positions, and 27 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 46
7% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 27
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
2% less funds holding
Funds holding: 194 → 190 (-4)
2.67% less ownership
Funds ownership: 19.42% → 16.75% (-2.7%)
14% less capital invested
Capital invested by funds: $549M → $473M (-$76.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$9.07M |
| 2 |
SAM
Stansberry Asset Management
Westlake,
Texas
|
+$7.89M |
| 3 |
AP
Antipodes Partners
Royal Exchange,
Australia
|
+$6.83M |
| 4 |
CTC
Central Trust Company
Jefferson City,
Missouri
|
+$3.5M |
| 5 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
+$3.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HHGC
Hunting Hill Global Capital
New York
|
-$24.1M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$18.8M |
| 3 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$17.9M |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
-$12.2M |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$12M |
CEF Hedge Fund Activity: Q1 2020 in Review
190 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2020, worth a combined $473M — down 14% from $549M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new CEF positions and 27 closed out — a net gain of 2 holders — while 59 added to existing stakes and 46 trimmed.
The largest buyer was Baird Financial Group, adding an estimated $9.07M. The largest seller was Hunting Hill Global Capital, exiting entirely with an estimated $24.1M sold.
- 190 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2020, down from 194 in Q4 2019.
- Funds reported $473M of Sprott Physical Gold and Silver Trust stock for Q1 2020, down 14% quarter-over-quarter.
- 29 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2020 and 27 closed out, a net change of +2 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q1 2020 was Baird Financial Group, an estimated $9.07M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q1 2020 was Hunting Hill Global Capital, an estimated $24.1M sold.
Based on aggregated 13F filings for Q1 2020.