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Sprott Physical Gold and Silver Trust
CEF

176 hedge funds and large institutions have $84.9B invested in Sprott Physical Gold and Silver Trust in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 50 increasing their positions, 57 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more capital invested

Capital invested by funds: $70.7B → $84.9B (+$14.2B)

0% more funds holding in top 10

Funds holding in top 10: 12 → 12 (0)

0.13% less ownership

Funds ownership: 20.02% → 19.89% (-0.13%)

6% less funds holding

Funds holding: 187 → 176 (-11)

12% less repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 57

40% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 20

Holders
176
Holders Change
-11
Holders Change %
-5.88%
% of All Funds
4.69%
Holding in Top 10
12
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.32%
New
12
Increased
50
Reduced
57
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CIBC Asset Management
CIBC Asset Management
Ontario, Canada
+$7.72M
2
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
+$3.91M
3
LPL Financial
LPL Financial
California
+$3.89M
4
RJA
Raymond James & Associates
Florida
+$3.15M
5
GIM
Guild Investment Management
California
+$3M

Top Sellers

Rank Fund Capital Flow
1
Capstone Investment Advisors
Capstone Investment Advisors
New York
-$10.7M
2
LCM
Landscape Capital Management
New Jersey
-$7.89M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$5.41M
4
PP
Paloma Partners
Connecticut
-$3.86M
5
MWM
Merriman Wealth Management
Washington
-$2.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
IC
101
Inverness Counsel
New York
$382K – – –
Jane Street
102
Jane Street
New York
$375K +$181K +15,892 +103%
PL
103
Plancorp LLC
Missouri
$331K – – –
WS
104
Wedbush Securities
California
$324K -$154K -13,488 -33%
NSAM
105
North Star Asset Management
Wisconsin
$314K +$23.5K +2,055 +9%
Toronto Dominion Bank
106
Toronto Dominion Bank
Ontario, Canada
$313K -$365 -32 -0.1%
RFC
107
Regions Financial Corp
Alabama
$312K -$2.46K -215 -0.8%
GI
108
Glovista Investments
New Jersey
$297K +$103K +9,000 +57%
SWM
109
SVA Wealth Management
Wisconsin
$296K – – –
WF
110
Welch & Forbes
Massachusetts
$292K -$6.83K -598 -2%
Millennium Management
111
Millennium Management
New York
$274K +$44.8K +3,923 +21%
FNBT
112
FineMark National Bank & Trust
Florida
$270K – – –
AF
113
Aegis Financial
Virginia
$269K – – –
PIM
114
Provident Investment Management
Michigan
$257K – – –
PAS
115
Partnervest Advisory Services
California
$249K -$3.42K -300 -1%
TCT
116
TIAA CREF Trust
Missouri
$240K -$285K -25,000 -56%
AIG
117
American International Group
New York
$236K +$83.5K +7,314 +59%
TAM
118
Tocqueville Asset Management
New York
$229K – – –
Creative Planning
119
Creative Planning
Kansas
$228K +$95.8K +8,390 +79%
TIA
120
Tiemann Investment Advisors
California
$225K +$214K +18,725 New
SBH
121
Segall Bryant & Hamill
Illinois
$218K – – –
LRPA
122
L. Roy Papp & Associates
Arizona
$211K +$201K +17,600 New
LIC
123
Lodestar Investment Counsel
Illinois
$204K – – –
SAM
124
Silvercrest Asset Management
New York
$198K – – –
AM
125
Account Management
Massachusetts
$180K – – –
3 4
5
6 7

CEF Hedge Fund Activity: Q1 2016 in Review

176 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2016, worth a combined $84.9B — up 20% from $70.7B a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of CEF and 12 opened new positions — a net loss of 8 holders — while 57 trimmed existing stakes and 50 added.

The largest buyer was CIBC Asset Management, adding an estimated $7.72M. The largest seller was Capstone Investment Advisors, cutting an estimated $10.7M.

  • 176 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2016, down from 187 in Q4 2015.
  • Funds reported $84.9B of Sprott Physical Gold and Silver Trust stock for Q1 2016, up 20% quarter-over-quarter.
  • 12 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2016 and 20 closed out, a net change of -8 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q1 2016 was CIBC Asset Management, an estimated $7.72M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q1 2016 was Capstone Investment Advisors, an estimated $10.7M sold.

Based on aggregated 13F filings for Q1 2016.