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Sprott Physical Gold and Silver Trust
CEF

186 hedge funds and large institutions have $515M invested in Sprott Physical Gold and Silver Trust in 2019 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 45 increasing their positions, 60 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

3% more funds holding

Funds holding: 180 → 186 (+6)

1.09% more ownership

Funds ownership: 19.38% → 20.47% (+1.1%)

3% less capital invested

Capital invested by funds: $530M → $515M (-$15.1M)

13% less funds holding in top 10

Funds holding in top 10: 8 → 7 (-1)

25% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 60

Holders
186
Holders Change
+6
Holders Change %
+3.33%
% of All Funds
4.03%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.15%
New
15
Increased
45
Reduced
60
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BFM
Boothbay Fund Management
New York
+$21.7M
2
WAM
Weiss Asset Management
Massachusetts
+$21.4M
3
CTC
Central Trust Company
Missouri
+$1.93M
4
FC
Fore Capital
New York
+$893K
5
MAP
Managed Asset Portfolios
Michigan
+$887K

Top Sellers

Rank Fund Capital Flow
1
CL
CSS LLC
Illinois
-$12.3M
2
HighTower Advisors
HighTower Advisors
Illinois
-$9.81M
3
AGM
Alpine Global Management
New York
-$7.62M
4
NWM
Nicola Wealth Management
British Columbia, Canada
-$6.16M
5
SI
Sprott Inc
Ontario, Canada
-$4.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
MML Investors Services
76
MML Investors Services
Massachusetts
$817K +$18.1K +1,422 +2%
CWM
77
Cornerstone Wealth Management
Missouri
$798K -$35.7K -2,798 -5%
CDH
78
Charles D. Hyman
$775K -$11.5K -900 -1%
US Bancorp
79
US Bancorp
Minnesota
$750K – – –
SJIC
80
St. James Investment Company
Texas
$708K -$1.85K -145 -0.3%
ADBIC
81
A.D. Beadell Investment Counsel
Wisconsin
$706K +$1.59K +125 +0.2%
BCM
82
Brookstone Capital Management
Illinois
$702K +$47.8K +3,745 +7%
LNC
83
Lincoln National Corp
Pennsylvania
$652K -$68.1K -5,337 -9%
ATC
84
Argent Trust Co
Tennessee
$644K – – –
FAAS
85
First Allied Advisory Services
California
$634K +$107K +8,400 +19%
PCM
86
Prelude Capital Management
New York
$619K +$97.9K +7,677 +18%
FSA
87
Financial Sense Advisors
California
$607K +$478K +37,489 +326%
PAS
88
Partnervest Advisory Services
California
$602K – – –
PHIMC
89
Private Harbour Investment Management & Counsel
Ohio
$554K -$135K -10,550 -19%
KM
90
Kalos Management
Georgia
$551K -$51.1K -4,003 -8%
First Manhattan
91
First Manhattan
New York
$551K -$12.8K -1,000 -2%
CI
92
Chartist Inc
California
$531K – – –
IA
93
IFG Advisory
Georgia
$513K -$856K -67,100 -61%
ANTB
94
AMG National Trust Bank
Colorado
$496K – – –
CCA
95
Cobblestone Capital Advisors
New York
$474K – – –
FHA
96
Flagship Harbor Advisors
Massachusetts
$468K -$37K -2,900 -7%
LCP
97
Legacy Capital Partners
Wisconsin
$443K – – –
AG
98
Advisor Group
Arizona
$417K +$10.5K +821 +2%
Mariner
99
Mariner
Kansas
$406K -$168K -13,196 -29%
JIC
100
Johnson Investment Counsel
Ohio
$404K +$5.74K +450 +1%
2 3
4
5 6

CEF Hedge Fund Activity: Q1 2019 in Review

186 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2019, worth a combined $515M — down 2.8% from $530M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new CEF positions and 8 closed out — a net gain of 7 holders — while 45 added to existing stakes and 60 trimmed.

The largest buyer was Boothbay Fund Management, adding an estimated $21.7M. The largest seller was CSS LLC, exiting entirely with an estimated $12.3M sold.

  • 186 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2019, up from 180 in Q4 2018.
  • Funds reported $515M of Sprott Physical Gold and Silver Trust stock for Q1 2019, down 2.8% quarter-over-quarter.
  • 15 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2019 and 8 closed out, a net change of +7 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q1 2019 was Boothbay Fund Management, an estimated $21.7M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q1 2019 was CSS LLC, an estimated $12.3M sold.

Based on aggregated 13F filings for Q1 2019.