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Sprott Physical Gold and Silver Trust
CEF

187 hedge funds and large institutions have $57B invested in Sprott Physical Gold and Silver Trust in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 59 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 14

0.26% more ownership

Funds ownership: 16.43% → 16.7% (+0.26%)

0% more funds holding

Funds holding: 187 → 187 (0)

4% less capital invested

Capital invested by funds: $59.4B → $57B (-$2.39B)

25% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 59

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

Holders
187
Holders Change
–
Holders Change %
0%
% of All Funds
4.66%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.12%
New
16
Increased
44
Reduced
59
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FTIOP
Fiduciary Trust International of Pennsylvania
Pennsylvania
+$6.49M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$6.28M
3
CTC
Central Trust Company
Missouri
+$4.05M
4
Morgan Stanley
Morgan Stanley
New York
+$3.61M
5
Cohen & Steers
Cohen & Steers
New York
+$3.36M

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$8.77M
2
ICM
Ionic Capital Management
New York
-$7.02M
3
LCM
Landscape Capital Management
New Jersey
-$2.15M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.74M
5
ECM
Evergreen Capital Management
Washington
-$1.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
First Manhattan
76
First Manhattan
New York
$1.24M -$39K -3,100 -3%
Goldman Sachs
77
Goldman Sachs
New York
$1.24M – – –
IIA
78
IPG Investment Advisors
California
$1.17M -$15.1K -1,200 -1%
SWP
79
Stratos Wealth Partners
Ohio
$1.17M -$15.1K -1,195 -1%
Creative Planning
80
Creative Planning
Kansas
$1.05M +$756K +59,984 +240%
CDH
81
Charles D. Hyman
$990K -$101K -8,000 -9%
CL
82
CSS LLC
Illinois
$925K +$90.5K +7,189 +11%
NPC
83
National Planning Corporation
California
$904K +$56.7K +4,501 +6%
MAS
84
Madden Advisory Services
Florida
$828K -$26.6K -2,115 -3%
Deutsche Bank
85
Deutsche Bank
Germany
$777K – – –
MML Investors Services
86
MML Investors Services
Massachusetts
$767K -$23.1K -1,837 -3%
CIBC Asset Management
87
CIBC Asset Management
Ontario, Canada
$735K -$1.05M -83,530 -58%
CWM
88
Cornerstone Wealth Management
Missouri
$725K -$234K -18,549 -23%
Bank of Montreal
89
Bank of Montreal
Ontario, Canada
$700K +$6.3K +500 +0.9%
ADBIC
90
A.D. Beadell Investment Counsel
Wisconsin
$688K +$19.5K +1,550 +3%
Brown Advisory
91
Brown Advisory
Maryland
$641K – – –
FHA
92
Flagship Harbor Advisors
Massachusetts
$638K +$16.1K +1,280 +2%
SI
93
SII Investments
Wisconsin
$628K -$22.9K -1,819 -3%
OFG
94
OTA Financial Group
New York
$588K – – –
PRHC
95
P.R. Herzig & Co
New York
$583K – – –
Bank of New York Mellon
96
Bank of New York Mellon
New York
$539K -$54.6K -4,334 -9%
JIC
97
Johnson Investment Counsel
Ohio
$512K -$285K -22,600 -41%
BBA
98
BLB&B Advisors
Pennsylvania
$504K – – –
IC
99
Inverness Counsel
New York
$496K +$98.2K +7,800 +24%
First Eagle Investment Management
100
First Eagle Investment Management
New York
$493K +$504K +40,004 New
2 3
4
5 6

CEF Hedge Fund Activity: Q2 2017 in Review

187 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2017, worth a combined $57B — down 4% from $59.4B a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new CEF positions and 14 closed out — a net gain of 2 holders — while 44 added to existing stakes and 59 trimmed.

The largest buyer was Fiduciary Trust International of Pennsylvania, opening a new position worth an estimated $6.49M. The largest seller was LPL Financial, cutting an estimated $8.77M.

  • 187 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2017, unchanged from Q1 2017.
  • Funds reported $57B of Sprott Physical Gold and Silver Trust stock for Q2 2017, down 4% quarter-over-quarter.
  • 16 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2017 and 14 closed out, a net change of +2 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q2 2017 was Fiduciary Trust International of Pennsylvania, an estimated $6.49M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q2 2017 was LPL Financial, an estimated $8.77M sold.

Based on aggregated 13F filings for Q2 2017.