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Sprott Physical Gold and Silver Trust

178 hedge funds and large institutions have $634M invested in Sprott Physical Gold and Silver Trust in 2015 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 41 increasing their positions, 53 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.37% more ownership

Funds ownership: 18.82%20.19% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 1010 (0)

2% less capital invested

Capital invested by funds: $649M → $634M (-$14.9M)

3% less funds holding

Funds holding: 183178 (-5)

11% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 19

23% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 53

Holders
178
Holders Change
-5
Holders Change %
-2.73%
% of All Funds
4.97%
Holding in Top 10
10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.28%
New
17
Increased
41
Reduced
53
Closed
19
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PL
76
Plancorp LLC
Missouri
$666K
DADC
77
D.A. Davidson & Co
Montana
$642K -$32K -2,956 -5%
CIBC World Market
78
CIBC World Market
Ontario, Canada
$620K +$273K +25,153 +75%
SI
79
Sprott Inc
Ontario, Canada
$577K
SI
80
SII Investments
Wisconsin
$570K +$10.5K +972 +2%
PHIMC
81
Private Harbour Investment Management & Counsel
Ohio
$555K -$10.3K -950 -2%
WA
82
WFG Advisors
Texas
$545K -$43.9K -4,054 -7%
PRHC
83
P.R. Herzig & Co
New York
$542K
Bank of New York Mellon
84
Bank of New York Mellon
New York
$528K +$98.4K +9,078 +22%
CAN
85
Cetera Advisor Networks
California
$514K +$43.1K +3,978 +9%
AllianceBernstein
86
AllianceBernstein
Tennessee
$497K +$508K +46,886 New
RFC
87
Regions Financial Corp
Alabama
$478K -$1.08K -100 -0.2%
CCM
88
Catawba Capital Management
Virginia
$478K
TAM
89
Tocqueville Asset Management
New York
$467K
IC
90
Inverness Counsel
New York
$465K
NPC
91
National Planning Corporation
California
$463K
First Manhattan
92
First Manhattan
New York
$454K +$104K +9,599 +29%
BBA
93
BLB&B Advisors
Pennsylvania
$452K -$10.6K -975 -2%
FIM
94
Freedom Investment Management
Connecticut
$441K -$47.1K -4,341 -9%
LTFS
95
Ladenburg Thalmann Financial Services
Florida
$426K +$74.1K +6,835 +20%
LCP
96
Legacy Capital Partners
Wisconsin
$393K -$108K -10,000 -21%
OCM
97
Orrell Capital Management
California
$380K
WS
98
Wedbush Securities
California
$364K -$2.17K -200 -0.6%
FCMC
99
Founders Capital Management (Connecticut)
Connecticut
$358K
Natixis Advisors
100
Natixis Advisors
Massachusetts
$358K +$367K +33,826 New

CEF Hedge Fund Activity: Q3 2015 in Review

178 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2015, worth a combined $634M — down 2.3% from $649M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of CEF and 17 opened new positions — a net loss of 2 holders — while 53 trimmed existing stakes and 41 added.

The largest buyer was Wellington Management Group, adding an estimated $15.2M. The largest seller was Neuberger Berman Group, cutting an estimated $24.4M.

  • 178 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2015, down from 183 in Q2 2015.
  • Funds reported $634M of Sprott Physical Gold and Silver Trust stock for Q3 2015, down 2.3% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2015 and 19 closed out, a net change of -2 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q3 2015 was Wellington Management Group, an estimated $15.2M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q3 2015 was Neuberger Berman Group, an estimated $24.4M sold.

Based on aggregated 13F filings for Q3 2015.