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Sprott Physical Gold and Silver Trust

185 hedge funds and large institutions have $85.8B invested in Sprott Physical Gold and Silver Trust in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 70 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more capital invested

Capital invested by funds: $82.6B → $85.8B (+$3.26B)

1.17% less ownership

Funds ownership: 21.23%20.07% (-1.2%)

5% less funds holding

Funds holding: 194185 (-9)

14% less funds holding in top 10

Funds holding in top 10: 1412 (-2)

34% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 70

39% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 23

Holders
185
Holders Change
-9
Holders Change %
-4.64%
% of All Funds
5.34%
Holding in Top 10
12
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-14.29%
% of All Funds
0.35%
New
14
Increased
46
Reduced
70
Closed
23
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PNC Financial Services Group
101
PNC Financial Services Group
Pennsylvania
$488K +$107K +7,546 +27%
DAS
102
Dynamic Advisor Solutions
Arizona
$478K -$23.2K -1,632 -4%
FSA
103
Financial Sense Advisors
California
$477K -$285K -20,028 -37%
FNT
104
First National Trust
Pennsylvania
$468K
First Manhattan
105
First Manhattan
New York
$437K -$28.4K -2,000 -6%
WS
106
Wedbush Securities
California
$437K +$16.7K +1,175 +4%
NSAM
107
North Star Asset Management
Wisconsin
$419K -$73.9K -5,200 -15%
KeyBank National Association
108
KeyBank National Association
Ohio
$399K -$4.97K -350 -1%
LTFS
109
Ladenburg Thalmann Financial Services
Florida
$393K -$16.7K -1,172 -4%
CCA
110
Catalyst Capital Advisors
New York
$382K +$135K +9,500 +52%
SM
111
Stratton Management
Pennsylvania
$378K
RFC
112
Regions Financial Corp
Alabama
$369K
WF
113
Welch & Forbes
Massachusetts
$344K
SWM
114
SVA Wealth Management
Wisconsin
$339K
Jane Street
115
Jane Street
New York
$331K +$161K +11,322 +89%
1832 Asset Management
116
1832 Asset Management
Ontario, Canada
$327K -$18.8K -1,320 -5%
Creative Planning
117
Creative Planning
Kansas
$309K +$25.1K +1,763 +9%
GT
118
Glenmede Trust
Pennsylvania
$285K +$8.53K +600 +3%
BEAM
119
Baker Ellis Asset Management
Washington
$282K
Deutsche Bank
120
Deutsche Bank
Germany
$282K +$71.1K +5,000 +32%
KFS
121
KMS Financial Services
Washington
$271K -$2.84K -200 -1%
AIG
122
American International Group
New York
$265K +$44.6K +3,139 +19%
TIA
123
Tiemann Investment Advisors
California
$252K -$14.2K -1,000 -5%
SBH
124
Segall Bryant & Hamill
Illinois
$250K -$4.26K -300 -2%
LRPA
125
L. Roy Papp & Associates
Arizona
$242K

CEF Hedge Fund Activity: Q1 2014 in Review

185 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2014, worth a combined $85.8B — up 3.9% from $82.6B a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of CEF and 14 opened new positions — a net loss of 9 holders — while 70 trimmed existing stakes and 46 added.

The largest buyer was Millennium Management, adding an estimated $13.7M. The largest seller was Forty4 Asset Management, cutting an estimated $26.4M.

  • 185 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2014, down from 194 in Q4 2013.
  • Funds reported $85.8B of Sprott Physical Gold and Silver Trust stock for Q1 2014, up 3.9% quarter-over-quarter.
  • 14 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2014 and 23 closed out, a net change of -9 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q1 2014 was Millennium Management, an estimated $13.7M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q1 2014 was Forty4 Asset Management, an estimated $26.4M sold.

Based on aggregated 13F filings for Q1 2014.