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Sprott Physical Gold and Silver Trust
CEF

282 hedge funds and large institutions have $1.31B invested in Sprott Physical Gold and Silver Trust in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 88 increasing their positions, 73 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 16

24% more capital invested

Capital invested by funds: $1.05B → $1.31B (+$254M)

21% more repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 73

14% more funds holding in top 10

Funds holding in top 10: 14 → 16 (+2)

3.25% more ownership

Funds ownership: 27.21% → 30.45% (+3.2%)

0% less funds holding

Funds holding: 283 → 282 (-1)

Holders
282
Holders Change
-1
Holders Change %
-0.35%
% of All Funds
4.49%
Holding in Top 10
16
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+14.29%
% of All Funds
0.25%
New
22
Increased
88
Reduced
73
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SS
Simplicity Solutions
Minnesota
+$98.4M
2
CTC
Central Trust Company
Missouri
+$6.52M
3
CAC
Cowen and Company
New York
+$5.62M
4
SRC
Shufro Rose & Co
New York
+$4.82M
5
MCM
Marathon Capital Management
Maryland
+$4.81M

Top Sellers

Rank Fund Capital Flow
1
HHGC
Hunting Hill Global Capital
New York
-$11.2M
2
Ameriprise
Ameriprise
Minnesota
-$9.11M
3
JAM
Jupiter Asset Management
United Kingdom
-$7.54M
4
ECM
Evergreen Capital Management
Washington
-$7.27M
5
LNC
Lincoln National Corp
Pennsylvania
-$3.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
51
Cambridge Investment Research Advisors
Iowa
$3.96M +$590K +32,902 +19%
PP
52
Paloma Partners
Connecticut
$3.78M +$2.51M +140,000 +233%
LFAS
53
Level Four Advisory Services
Texas
$3.74M +$3.54M +197,577 New
FDCDDQ
54
Federation des caisses Desjardins du Quebec
Quebec, Canada
$3.66M +$77.7K +4,331 +2%
TC
55
Telemus Capital
Michigan
$3.56M +$310K +17,272 +10%
ICM
56
Intrepid Capital Management
Florida
$3.51M +$314K +17,516 +10%
Stifel Financial
57
Stifel Financial
Missouri
$3.29M -$709K -39,548 -19%
Northwestern Mutual Wealth Management
58
Northwestern Mutual Wealth Management
Wisconsin
$3.23M +$96.2K +5,364 +3%
TWC
59
TD Waterhouse Canada
Ontario, Canada
$3.16M -$57.2K -3,190 -2%
EH
60
Equitable Holdings
New York
$3.08M +$79.8K +4,447 +3%
SI
61
Stephens Inc
Arkansas
$2.97M – – –
Envestnet Asset Management
62
Envestnet Asset Management
Illinois
$2.93M +$1.48M +82,302 +113%
FHA
63
Flagship Harbor Advisors
Massachusetts
$2.93M +$494K +27,541 +22%
Janney Montgomery Scott
64
Janney Montgomery Scott
Pennsylvania
$2.92M -$433K -24,150 -14%
CC
65
Chicago Capital
Illinois
$2.91M – – –
RGC
66
Roberts, Glore & Co
Illinois
$2.86M -$8.07K -450 -0.3%
JP Morgan Chase
67
JP Morgan Chase
New York
$2.68M +$2.39M +133,090 +1,513%
CWA
68
Capital Wealth Alliance
Arizona
$2.29M +$4.49K +250 +0.2%
KAS
69
Kestra Advisory Services
Texas
$2.27M -$331K -18,430 -13%
HighTower Advisors
70
HighTower Advisors
Illinois
$2.24M +$123K +6,859 +6%
AA
71
Ancora Advisors
Ohio
$2.21M -$26.9K -1,500 -1%
LNC
72
Lincoln National Corp
Pennsylvania
$2.21M -$3.18M -177,037 -60%
TF
73
TIAA FSB
Florida
$2.2M – – –
NFG
74
Nations Financial Group
Iowa
$2.19M +$154K +8,565 +8%
SWM
75
Spire Wealth Management
Virginia
$2.09M +$343K +19,132 +21%
1 2
3
4 5

CEF Hedge Fund Activity: Q1 2023 in Review

282 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2023, worth a combined $1.31B — up 24% from $1.05B a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new CEF positions and 16 closed out — a net gain of 6 holders — while 88 added to existing stakes and 73 trimmed.

The largest buyer was Simplicity Solutions, adding an estimated $98.4M. The largest seller was Hunting Hill Global Capital, cutting an estimated $11.2M.

  • 282 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2023, down from 283 in Q4 2022.
  • Funds reported $1.31B of Sprott Physical Gold and Silver Trust stock for Q1 2023, up 24% quarter-over-quarter.
  • 22 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2023 and 16 closed out, a net change of +6 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q1 2023 was Simplicity Solutions, an estimated $98.4M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q1 2023 was Hunting Hill Global Capital, an estimated $11.2M sold.

Based on aggregated 13F filings for Q1 2023.