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Sprott Physical Gold and Silver Trust

197 hedge funds and large institutions have $550M invested in Sprott Physical Gold and Silver Trust in 2018 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 40 increasing their positions, 61 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 14

5% more funds holding

Funds holding: 187197 (+10)

5.88% less ownership

Funds ownership: 21.98%16.09% (-5.9%)

26% less capital invested

Capital invested by funds: $746M → $550M (-$197M)

27% less funds holding in top 10

Funds holding in top 10: 118 (-3)

34% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 61

Holders
197
Holders Change
+10
Holders Change %
+5.35%
% of All Funds
4.51%
Holding in Top 10
8
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-27.27%
% of All Funds
0.18%
New
25
Increased
40
Reduced
61
Closed
14
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BS
76
Boenning & Scattergood
Pennsylvania
$982K +$1.04M +78,320 New
FTI
77
Fiduciary Trust International
Massachusetts
$980K
IA
78
IFG Advisory
Georgia
$966K +$96.4K +7,295 +10%
BAM
79
Belpointe Asset Management
Nevada
$876K +$322K +24,362 +54%
CDH
80
Charles D. Hyman
$864K -$54.5K -4,125 -6%
MAS
81
Madden Advisory Services
Florida
$841K
ICP
82
Ironvine Capital Partners
Nebraska
$834K
Creative Planning
83
Creative Planning
Kansas
$812K +$52.8K +3,992 +7%
MML Investors Services
84
MML Investors Services
Massachusetts
$787K -$49.6K -3,751 -6%
PHIMC
85
Private Harbour Investment Management & Counsel
Ohio
$746K -$2.64K -200 -0.3%
Jane Street
86
Jane Street
New York
$741K +$782K +59,172 New
ADBIC
87
A.D. Beadell Investment Counsel
Wisconsin
$734K -$793 -60 -0.1%
Bank of Montreal
88
Bank of Montreal
Ontario, Canada
$699K +$20.5K +1,549 +3%
SJIC
89
St. James Investment Company
Texas
$676K -$394K -29,820 -36%
ATC
90
Argent Trust Co
Tennessee
$655K +$691K +52,278 New
US Bancorp
91
US Bancorp
Minnesota
$599K +$110K +8,320 +21%
William Blair & Company
92
William Blair & Company
Illinois
$586K +$618K +46,746 New
CI
93
Chartist Inc
California
$537K
ANTB
94
AMG National Trust Bank
Colorado
$501K +$529K +40,000 New
FHA
95
Flagship Harbor Advisors
Massachusetts
$494K -$33.9K -2,566 -6%
CCA
96
Cobblestone Capital Advisors
New York
$481K
PAS
97
Partnervest Advisory Services
California
$480K -$13.9K -1,050 -3%
FAAS
98
First Allied Advisory Services
California
$476K +$42K +3,175 +9%
LCP
99
Legacy Capital Partners
Wisconsin
$457K -$7.93K -600 -2%
BBA
100
BLB&B Advisors
Pennsylvania
$455K

CEF Hedge Fund Activity: Q2 2018 in Review

197 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2018, worth a combined $550M — down 26% from $746M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new CEF positions and 14 closed out — a net gain of 11 holders — while 40 added to existing stakes and 61 trimmed.

The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $14M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $131M sold.

  • 197 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2018, up from 187 in Q1 2018.
  • Funds reported $550M of Sprott Physical Gold and Silver Trust stock for Q2 2018, down 26% quarter-over-quarter.
  • 25 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2018 and 14 closed out, a net change of +11 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q2 2018 was T. Rowe Price Associates, an estimated $14M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q2 2018 was Polar Asset Management Partners, an estimated $131M sold.

Based on aggregated 13F filings for Q2 2018.