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Sprott Physical Gold and Silver Trust
CEF

172 hedge funds and large institutions have $93.2B invested in Sprott Physical Gold and Silver Trust in 2016 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 47 increasing their positions, 55 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $84.9B → $93.2B (+$8.28B)

2% less funds holding

Funds holding: 176 → 172 (-4)

2.41% less ownership

Funds ownership: 19.89% → 17.48% (-2.4%)

15% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 55

15% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 20

25% less funds holding in top 10

Funds holding in top 10: 12 → 9 (-3)

Holders
172
Holders Change
-4
Holders Change %
-2.27%
% of All Funds
4.59%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.24%
New
17
Increased
47
Reduced
55
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$28.4M
2
SI
Sprott Inc
Ontario, Canada
+$20.5M
3
CTC
Central Trust Company
Missouri
+$3.56M
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$3.37M
5
CIBC Asset Management
CIBC Asset Management
Ontario, Canada
+$3.3M

Top Sellers

1
Capstone Investment Advisors
Capstone Investment Advisors
New York
-$38.7M
2
PAMP
Polar Asset Management Partners
Ontario, Canada
-$17.9M
3
LCM
Landscape Capital Management
New Jersey
-$15.4M
4
Morgan Stanley
Morgan Stanley
New York
-$15M
5
AGM
Alpine Global Management
New York
-$9.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
IC
101
Inverness Counsel
New York
$443K – – –
ADBIC
102
A.D. Beadell Investment Counsel
Wisconsin
$437K +$405K +31,450 New
CI
103
Chartist Inc
California
$392K +$363K +28,214 New
TIA
104
Tiemann Investment Advisors
California
$387K +$117K +9,100 +49%
Creative Planning
105
Creative Planning
Kansas
$385K +$112K +8,676 +46%
PL
106
Plancorp LLC
Missouri
$383K – – –
WS
107
Wedbush Securities
California
$375K – – –
NSAM
108
North Star Asset Management
Wisconsin
$364K – – –
Toronto Dominion Bank
109
Toronto Dominion Bank
Ontario, Canada
$361K -$811 -63 -0.2%
AG
110
Advisor Group
Arizona
$353K +$329K +25,579 New
SWM
111
SVA Wealth Management
Wisconsin
$343K – – –
Truist Financial
112
Truist Financial
North Carolina
$330K -$353K -27,408 -54%
WF
113
Welch & Forbes
Massachusetts
$330K -$8.16K -634 -3%
FNBT
114
FineMark National Bank & Trust
Florida
$313K – – –
AF
115
Aegis Financial
Virginia
$311K – – –
PAS
116
Partnervest Advisory Services
California
$289K – – –
TAM
117
Tocqueville Asset Management
New York
$265K – – –
SBH
118
Segall Bryant & Hamill
Illinois
$252K – – –
GCM
119
GoodHaven Capital Management
New Jersey
$250K +$232K +18,000 New
LRPA
120
L. Roy Papp & Associates
Arizona
$245K – – –
Millennium Management
121
Millennium Management
New York
$242K -$70.1K -5,446 -24%
LIC
122
Lodestar Investment Counsel
Illinois
$236K – – –
Bank of New York Mellon
123
Bank of New York Mellon
New York
$225K -$411K -31,939 -66%
CB
124
Chemical Bank
Michigan
$223K +$206K +16,028 New
SAM
125
Silvercrest Asset Management
New York
$220K -$9.01K -700 -4%
3 4
5
6 7

CEF Hedge Fund Activity: Q2 2016 in Review

172 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2016, worth a combined $93.2B — up 9.8% from $84.9B a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of CEF and 17 opened new positions — a net loss of 3 holders — while 55 trimmed existing stakes and 47 added.

The largest buyer was Wellington Management Group, adding an estimated $28.4M. The largest seller was Capstone Investment Advisors, exiting entirely with an estimated $38.7M sold.

  • 172 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2016, down from 176 in Q1 2016.
  • Funds reported $93.2B of Sprott Physical Gold and Silver Trust stock for Q2 2016, up 9.8% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2016 and 20 closed out, a net change of -3 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q2 2016 was Wellington Management Group, an estimated $28.4M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q2 2016 was Capstone Investment Advisors, an estimated $38.7M sold.

Based on aggregated 13F filings for Q2 2016.