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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
PNC Financial Services Group
126
PNC Financial Services Group
Pennsylvania
$166K – – –
WSC
127
Wellington Shields & Co
New York
$165K – – –
SPC
128
Sigma Planning Corp
Michigan
$159K +$10.2K +893 +7%
FAAS
129
First Allied Advisory Services
California
$158K +$151K +13,257 New
CAS
130
Cue Advisory Services
Arizona
$156K +$10.3K +902 +7%
AA
131
Ancora Advisors
Ohio
$156K +$12.5K +1,093 +9%
FDS
132
First Dallas Securities
Texas
$147K – – –
NFG
133
Nations Financial Group
Iowa
$136K -$134K -11,734 -51%
CHAM
134
Clear Harbor Asset Management
Connecticut
$135K – – –
BWM
135
Baystate Wealth Management
Massachusetts
$134K +$127K +11,136 New
FPFS
136
First Personal Financial Services
North Carolina
$133K – – –
VA
137
Valmark Advisers
Ohio
$130K -$525 -46 -0.4%
AIM
138
Advantage Investment Management
Iowa
$130K +$46.5K +4,075 +60%
CPA
139
Capital Planning Advisors
California
$129K – – –
FT
140
Fiduciary Trust
Massachusetts
$128K +$122K +10,643 New
FCH
141
Freestone Capital Holdings
Washington
$126K – – –
KPF
142
K2 Principal Fund
Ontario, Canada
$121K +$115K +10,106 New
JFA
143
JNBA Financial Advisors
Minnesota
$120K – – –
NFG
144
Next Financial Group
Texas
$114K +$71.6K +6,270 +189%
WT
145
Whittier Trust
California
$108K – – –
CTC
146
Central Trust Company
Missouri
$79K +$17.1K +1,500 +30%
PG
147
Patten Group
Tennessee
$71.9K – – –
MIM
148
Macroview Investment Management
Maryland
$67K – – –
CFA
149
CT Financial Advisors
Pennsylvania
$63.7K +$11 +1 +0%
CFA
150
Carroll Financial Associates
North Carolina
$52K +$4.41K +386 +10%
4 5
6
7 8

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.