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Sprott Physical Gold and Silver Trust

188 hedge funds and large institutions have $664M invested in Sprott Physical Gold and Silver Trust in 2014 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 42 increasing their positions, 70 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 25

2% more funds holding

Funds holding: 185188 (+3)

1% less capital invested

Capital invested by funds: $674M → $664M (-$9.45M)

1.02% less ownership

Funds ownership: 19.02%18% (-1%)

8% less funds holding in top 10

Funds holding in top 10: 1211 (-1)

40% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 70

Holders
188
Holders Change
+3
Holders Change %
+1.62%
% of All Funds
5.01%
Holding in Top 10
11
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-8.33%
% of All Funds
0.29%
New
32
Increased
42
Reduced
70
Closed
25
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Envestnet Asset Management
76
Envestnet Asset Management
Illinois
$867K -$935K -78,810 -51%
William Blair & Company
77
William Blair & Company
Illinois
$852K -$387K -32,630 -31%
EPIM
78
Equinox Partners Investment Management
Connecticut
$738K -$16.5M -1,388,083 -96%
AT
79
Argent Trust
Texas
$737K +$755K +63,647 New
DADC
80
D.A. Davidson & Co
Montana
$730K -$109K -9,200 -13%
PL
81
Plancorp LLC
Missouri
$727K
BFA
82
Bragg Financial Advisors
North Carolina
$724K -$80.1K -6,755 -10%
SI
83
Sprott Inc
Ontario, Canada
$685K -$60.5K -5,100 -8%
NPC
84
National Planning Corporation
California
$653K +$24.5K +2,064 +4%
SI
85
SII Investments
Wisconsin
$650K -$9.9K -835 -1%
IC
86
Inverness Counsel
New York
$639K +$190K +16,040 +41%
Bank of New York Mellon
87
Bank of New York Mellon
New York
$609K -$182K -15,377 -23%
LCP
88
Legacy Capital Partners
Wisconsin
$581K
CAN
89
Cetera Advisor Networks
California
$576K -$4.02M -338,483 -87%
RA
90
Rational Advisors
New York
$576K
Janney Montgomery Scott
91
Janney Montgomery Scott
Pennsylvania
$569K -$414K -34,908 -42%
PHIMC
92
Private Harbour Investment Management & Counsel
Ohio
$549K -$150K -12,650 -21%
CCM
93
Catawba Capital Management
Virginia
$523K -$6.58K -555 -1%
TAM
94
Tocqueville Asset Management
New York
$511K +$523K +44,100 New
CC
95
Cannell & Co
New York
$504K -$460K -38,800 -47%
FIM
96
Freedom Investment Management
Connecticut
$498K -$90.4K -7,623 -15%
HNB
97
Huntington National Bank
Ohio
$478K
GG
98
Gofen & Glossberg
Illinois
$445K
YP
99
Yellowstone Partners
Idaho
$443K +$20.4K +1,722 +5%
TCT
100
TIAA CREF Trust
Missouri
$439K

CEF Hedge Fund Activity: Q4 2014 in Review

188 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q4 2014, worth a combined $664M — down 1.4% from $674M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new CEF positions and 25 closed out — a net gain of 7 holders — while 42 added to existing stakes and 70 trimmed.

The largest buyer was Capstone Investment Advisors, adding an estimated $23.9M. The largest seller was Millennium Management, exiting entirely with an estimated $18.2M sold.

  • 188 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q4 2014, up from 185 in Q3 2014.
  • Funds reported $664M of Sprott Physical Gold and Silver Trust stock for Q4 2014, down 1.4% quarter-over-quarter.
  • 32 funds opened new Sprott Physical Gold and Silver Trust positions in Q4 2014 and 25 closed out, a net change of +7 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q4 2014 was Capstone Investment Advisors, an estimated $23.9M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q4 2014 was Millennium Management, an estimated $18.2M sold.

Based on aggregated 13F filings for Q4 2014.