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Sprott Physical Gold and Silver Trust

197 hedge funds and large institutions have $550M invested in Sprott Physical Gold and Silver Trust in 2018 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 40 increasing their positions, 61 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 14

5% more funds holding

Funds holding: 187197 (+10)

5.88% less ownership

Funds ownership: 21.98%16.09% (-5.9%)

26% less capital invested

Capital invested by funds: $746M → $550M (-$197M)

27% less funds holding in top 10

Funds holding in top 10: 118 (-3)

34% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 61

Holders
197
Holders Change
+10
Holders Change %
+5.35%
% of All Funds
4.51%
Holding in Top 10
8
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-27.27%
% of All Funds
0.18%
New
25
Increased
40
Reduced
61
Closed
14
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
DADC
126
D.A. Davidson & Co
Montana
$229K +$9.25K +700 +4%
LRPA
127
L. Roy Papp & Associates
Arizona
$221K
LIC
128
Lodestar Investment Counsel
Illinois
$213K
AIP
129
Almanack Investment Partners
Pennsylvania
$210K +$9.93K +751 +5%
Millennium Management
130
Millennium Management
New York
$208K -$282K -21,328 -56%
IWM
131
IHT Wealth Management
Illinois
$199K -$200K -15,140 -49%
AA
132
Ancora Advisors
Ohio
$185K -$81.9K -6,200 -30%
SI
133
Sprott Inc
Ontario, Canada
$171K +$39.6K +3,000 +28%
CNB
134
Camden National Bank
Maine
$161K +$170K +12,862 New
WS
135
Wedbush Securities
California
$158K -$19.8K -1,500 -11%
CL
136
CSS LLC
Illinois
$152K -$5.9M -446,262 -97%
BCM
137
Baltimore Capital Management
Maryland
$151K
Deutsche Bank
138
Deutsche Bank
Germany
$150K
FCI
139
Financial Counselors Inc
Kansas
$150K
CHA
140
Carmichael Hill & Associates
Maryland
$146K
1832 Asset Management
141
1832 Asset Management
Ontario, Canada
$145K +$155K +11,700 New
CRC
142
Curi RMB Capital
Illinois
$144K -$3.3K -250 -2%
APSP
143
Asset Planning Services (Pennsylvania)
Pennsylvania
$144K
OAM
144
Oberweis Asset Management
Illinois
$139K -$9.25K -700 -6%
FPFS
145
First Personal Financial Services
North Carolina
$139K
RG
146
Rathbones Group
United Kingdom
$137K
Citigroup
147
Citigroup
New York
$132K -$16.5K -1,250 -11%
TAM
148
Tocqueville Asset Management
New York
$132K
UR
149
USCA RIA
Texas
$128K +$135K +10,250 New
WT
150
Whittier Trust
California
$113K

CEF Hedge Fund Activity: Q2 2018 in Review

197 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2018, worth a combined $550M — down 26% from $746M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new CEF positions and 14 closed out — a net gain of 11 holders — while 40 added to existing stakes and 61 trimmed.

The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $14M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $131M sold.

  • 197 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2018, up from 187 in Q1 2018.
  • Funds reported $550M of Sprott Physical Gold and Silver Trust stock for Q2 2018, down 26% quarter-over-quarter.
  • 25 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2018 and 14 closed out, a net change of +11 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q2 2018 was T. Rowe Price Associates, an estimated $14M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q2 2018 was Polar Asset Management Partners, an estimated $131M sold.

Based on aggregated 13F filings for Q2 2018.