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Sprott Physical Gold and Silver Trust
CEF

172 hedge funds and large institutions have $93.2B invested in Sprott Physical Gold and Silver Trust in 2016 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 47 increasing their positions, 55 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $84.9B → $93.2B (+$8.28B)

2% less funds holding

Funds holding: 176 → 172 (-4)

2.41% less ownership

Funds ownership: 19.89% → 17.48% (-2.4%)

15% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 55

15% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 20

25% less funds holding in top 10

Funds holding in top 10: 12 → 9 (-3)

Holders
172
Holders Change
-4
Holders Change %
-2.27%
% of All Funds
4.59%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.24%
New
17
Increased
47
Reduced
55
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$28.4M
2
SI
Sprott Inc
Ontario, Canada
+$20.5M
3
CTC
Central Trust Company
Missouri
+$3.56M
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$3.37M
5
CIBC Asset Management
CIBC Asset Management
Ontario, Canada
+$3.3M

Top Sellers

1
Capstone Investment Advisors
Capstone Investment Advisors
New York
-$38.7M
2
PAMP
Polar Asset Management Partners
Ontario, Canada
-$17.9M
3
LCM
Landscape Capital Management
New Jersey
-$15.4M
4
Morgan Stanley
Morgan Stanley
New York
-$15M
5
AGM
Alpine Global Management
New York
-$9.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
76
Deutsche Bank
Germany
$876K – – –
JIC
77
Johnson Investment Counsel
Ohio
$840K – – –
SSWM
78
Sheets Smith Wealth Management
North Carolina
$818K +$757K +58,813 New
AFP
79
Ausdal Financial Partners
Iowa
$816K +$755K +58,671 New
OCM
80
One Capital Management
California
$809K -$37.6K -2,917 -5%
GI
81
Glovista Investments
New Jersey
$772K +$397K +30,850 +124%
SI
82
SII Investments
Wisconsin
$738K -$11.8K -913 -2%
OC
83
Oppenheimer & Co
New York
$731K -$241K -18,698 -26%
ASN
84
Advisory Services Network
Georgia
$720K +$82.4K +6,399 +14%
PRHC
85
P.R. Herzig & Co
New York
$712K +$30.9K +2,400 +5%
CIBC World Market
86
CIBC World Market
Ontario, Canada
$670K +$93.8K +7,289 +18%
PNC Financial Services Group
87
PNC Financial Services Group
Pennsylvania
$656K +$429K +33,300 +240%
DADC
88
D.A. Davidson & Co
Montana
$646K -$32.8K -2,550 -5%
BBA
89
BLB&B Advisors
Pennsylvania
$610K +$21.3K +1,658 +4%
William Blair & Company
90
William Blair & Company
Illinois
$595K -$415K -32,250 -43%
First Manhattan
91
First Manhattan
New York
$590K +$64.4K +5,000 +13%
OC
92
Oarsman Capital
Wisconsin
$543K -$18K -1,400 -3%
PHIMC
93
Private Harbour Investment Management & Counsel
Ohio
$541K -$20.9K -1,625 -4%
CCA
94
Catalyst Capital Advisors
New York
$535K +$74K +5,750 +18%
CCM
95
Catawba Capital Management
Virginia
$524K – – –
CL
96
CSS LLC
Illinois
$506K -$847K -65,834 -64%
LCP
97
Legacy Capital Partners
Wisconsin
$500K – – –
FCMC
98
Founders Capital Management (Connecticut)
Connecticut
$469K – – –
OTC
99
Opera Trading Capital
France
$466K -$1.99M -154,623 -82%
SRP
100
Saddle Road Partners
Nebraska
$463K – – –
2 3
4
5 6

CEF Hedge Fund Activity: Q2 2016 in Review

172 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2016, worth a combined $93.2B — up 9.8% from $84.9B a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of CEF and 17 opened new positions — a net loss of 3 holders — while 55 trimmed existing stakes and 47 added.

The largest buyer was Wellington Management Group, adding an estimated $28.4M. The largest seller was Capstone Investment Advisors, exiting entirely with an estimated $38.7M sold.

  • 172 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2016, down from 176 in Q1 2016.
  • Funds reported $93.2B of Sprott Physical Gold and Silver Trust stock for Q2 2016, up 9.8% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2016 and 20 closed out, a net change of -3 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q2 2016 was Wellington Management Group, an estimated $28.4M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q2 2016 was Capstone Investment Advisors, an estimated $38.7M sold.

Based on aggregated 13F filings for Q2 2016.