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Sprott Physical Gold and Silver Trust

178 hedge funds and large institutions have $634M invested in Sprott Physical Gold and Silver Trust in 2015 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 41 increasing their positions, 53 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.37% more ownership

Funds ownership: 18.82%20.19% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 1010 (0)

2% less capital invested

Capital invested by funds: $649M → $634M (-$14.9M)

3% less funds holding

Funds holding: 183178 (-5)

11% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 19

23% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 53

Holders
178
Holders Change
-5
Holders Change %
-2.73%
% of All Funds
4.97%
Holding in Top 10
10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.28%
New
17
Increased
41
Reduced
53
Closed
19
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Creative Planning
126
Creative Planning
Kansas
$144K +$148K +13,644 New
CAS
127
Cue Advisory Services
Arizona
$141K
JFA
128
JNBA Financial Advisors
Minnesota
$132K -$25.7K -2,370 -16%
FDS
129
First Dallas Securities
Texas
$130K
AIG
130
American International Group
New York
$130K +$4.81K +444 +4%
Deutsche Bank
131
Deutsche Bank
Germany
$128K
AA
132
Ancora Advisors
Ohio
$126K
TC
133
TFS Capital
Pennsylvania
$124K +$127K +11,700 New
ACM
134
Argentus Capital Management
Texas
$121K
CPA
135
Capital Planning Advisors
California
$121K
CHAM
136
Clear Harbor Asset Management
Connecticut
$119K
FPFS
137
First Personal Financial Services
North Carolina
$118K
VA
138
Valmark Advisers
Ohio
$118K +$1.51K +139 +1%
ISB
139
Iowa State Bank
Iowa
$116K
PNC Financial Services Group
140
PNC Financial Services Group
Pennsylvania
$112K -$4.34K -400 -4%
FCH
141
Freestone Capital Holdings
Washington
$111K +$114K +10,500 New
TD Asset Management
142
TD Asset Management
Ontario, Canada
$108K -$751K -69,276 -87%
GCM
143
GoodHaven Capital Management
New Jersey
$106K +$108K +10,000 New
US Bancorp
144
US Bancorp
Minnesota
$101K +$59.2K +5,460 +133%
VNA
145
Valley National Advisers
Pennsylvania
$101K +$103K +9,530 New
PSI
146
Pinnacle Summer Investments
Virginia
$101K +$104K +9,550 New
WT
147
Whittier Trust
California
$98K +$2.17K +200 +2%
TJHA
148
Thomas J. Herzfeld Advisors
Florida
$85K
AIM
149
Advantage Investment Management
Iowa
$79K -$2.17K -200 -3%
GT
150
Glenmede Trust
Pennsylvania
$78K

CEF Hedge Fund Activity: Q3 2015 in Review

178 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2015, worth a combined $634M — down 2.3% from $649M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of CEF and 17 opened new positions — a net loss of 2 holders — while 53 trimmed existing stakes and 41 added.

The largest buyer was Wellington Management Group, adding an estimated $15.2M. The largest seller was Neuberger Berman Group, cutting an estimated $24.4M.

  • 178 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2015, down from 183 in Q2 2015.
  • Funds reported $634M of Sprott Physical Gold and Silver Trust stock for Q3 2015, down 2.3% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2015 and 19 closed out, a net change of -2 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q3 2015 was Wellington Management Group, an estimated $15.2M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q3 2015 was Neuberger Berman Group, an estimated $24.4M sold.

Based on aggregated 13F filings for Q3 2015.