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Sprott Physical Gold and Silver Trust

363 hedge funds and large institutions have $1.74B invested in Sprott Physical Gold and Silver Trust in 2025 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 106 increasing their positions, 95 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 28

15% more capital invested

Capital invested by funds: $1.51B → $1.74B (+$225M)

12% more repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 95

2% more funds holding

Funds holding: 356363 (+7)

0.18% more ownership

Funds ownership: 30.68%30.86% (+0.18%)

0% more funds holding in top 10

Funds holding in top 10: 1414 (0)

Holders
363
Holders Change
+7
Holders Change %
+1.97%
% of All Funds
4.87%
Holding in Top 10
14
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.19%
New
39
Increased
106
Reduced
95
Closed
28
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KAS
51
Kestra Advisory Services
Texas
$6.6M -$65.2K -2,474 -1%
RSWM
52
Robertson Stephens Wealth Management
California
$6.21M +$3.48M +132,133 +153%
Wealth Enhancement Advisory Services
53
Wealth Enhancement Advisory Services
Minnesota
$6.04M +$1.81M +68,609 +48%
BFM
54
Boothbay Fund Management
New York
$5.73M -$20.4M -774,560 -79%
Stifel Financial
55
Stifel Financial
Missouri
$5.54M +$32.6K +1,236 +0.6%
Envestnet Asset Management
56
Envestnet Asset Management
Illinois
$5.47M -$67.2K -2,549 -1%
LFAS
57
Level Four Advisory Services
Texas
$5.36M -$88.7K -3,363 -2%
BPA
58
Beacon Pointe Advisors
California
$5.22M -$87.1K -3,304 -2%
EPIMS
59
Evelyn Partners Investment Management Services
$5.17M -$134K -5,085 -3%
FHA
60
Flagship Harbor Advisors
Massachusetts
$5.1M -$26.9K -1,022 -0.6%
TIAA Trust, National Association
61
TIAA Trust, National Association
North Carolina
$4.69M +$25.3K +958 +0.6%
CAPTRUST Financial Advisors
62
CAPTRUST Financial Advisors
North Carolina
$4.59M -$611K -23,194 -13%
Bank of Montreal
63
Bank of Montreal
Ontario, Canada
$4.39M +$10.5K +400 +0.3%
CC
64
Chicago Capital
Illinois
$4.37M
MCM
65
Marathon Capital Management
Maryland
$4.18M -$152K -5,750 -4%
Northwestern Mutual Wealth Management
66
Northwestern Mutual Wealth Management
Wisconsin
$4.02M +$304K +11,527 +9%
RGC
67
Roberts, Glore & Co
Illinois
$4.02M -$167K -6,330 -4%
HighTower Advisors
68
HighTower Advisors
Illinois
$3.95M -$1.73M -65,450 -32%
CWA
69
Capital Wealth Alliance
Arizona
$3.75M
TWC
70
TD Waterhouse Canada
Ontario, Canada
$3.74M +$352K +13,367 +11%
NFG
71
Nations Financial Group
Iowa
$3.56M -$112K -4,250 -3%
Mariner
72
Mariner
Kansas
$3.46M +$767K +29,102 +31%
MML Investors Services
73
MML Investors Services
Massachusetts
$3.43M +$242K +9,175 +8%
DIM
74
Delta Investment Management
California
$3.27M +$2.5K +95 +0.1%
AA
75
Ancora Advisors
Ohio
$3.26M

CEF Hedge Fund Activity: Q1 2025 in Review

363 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2025, worth a combined $1.74B — up 15% from $1.51B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new CEF positions and 28 closed out — a net gain of 11 holders — while 106 added to existing stakes and 95 trimmed.

The largest buyer was Demars Financial Group, adding an estimated $11.2M. The largest seller was Parallax Volatility Advisers, cutting an estimated $52.1M.

  • 363 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2025, up from 356 in Q4 2024.
  • Funds reported $1.74B of Sprott Physical Gold and Silver Trust stock for Q1 2025, up 15% quarter-over-quarter.
  • 39 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2025 and 28 closed out, a net change of +11 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q1 2025 was Demars Financial Group, an estimated $11.2M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q1 2025 was Parallax Volatility Advisers, an estimated $52.1M sold.

Based on aggregated 13F filings for Q1 2025.