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Sprott Physical Gold and Silver Trust
CEF

186 hedge funds and large institutions have $515M invested in Sprott Physical Gold and Silver Trust in 2019 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 45 increasing their positions, 60 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

3% more funds holding

Funds holding: 180 → 186 (+6)

1.09% more ownership

Funds ownership: 19.38% → 20.47% (+1.1%)

3% less capital invested

Capital invested by funds: $530M → $515M (-$15.1M)

13% less funds holding in top 10

Funds holding in top 10: 8 → 7 (-1)

25% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 60

Holders
186
Holders Change
+6
Holders Change %
+3.33%
% of All Funds
4.03%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.15%
New
15
Increased
45
Reduced
60
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BFM
Boothbay Fund Management
New York
+$21.7M
2
WAM
Weiss Asset Management
Massachusetts
+$21.4M
3
CTC
Central Trust Company
Missouri
+$1.93M
4
FC
Fore Capital
New York
+$893K
5
MAP
Managed Asset Portfolios
Michigan
+$887K

Top Sellers

Rank Fund Capital Flow
1
CL
CSS LLC
Illinois
-$12.3M
2
HighTower Advisors
HighTower Advisors
Illinois
-$9.81M
3
AGM
Alpine Global Management
New York
-$7.62M
4
NWM
Nicola Wealth Management
British Columbia, Canada
-$6.16M
5
SI
Sprott Inc
Ontario, Canada
-$4.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
FFG
126
Ford Financial Group
California
$204K +$210K +16,453 New
GWM
127
Geneos Wealth Management
Colorado
$202K +$3.06K +240 +1%
Mercer Global Advisors
128
Mercer Global Advisors
Colorado
$187K +$193K +15,099 New
JP Morgan Chase
129
JP Morgan Chase
New York
$185K -$37.2K -2,915 -17%
TSS
130
Two Sigma Securities
New York
$173K +$178K +13,943 New
RJT
131
Raymond James Trust
Florida
$172K +$177K +13,877 New
AA
132
Ancora Advisors
Ohio
$158K -$6.38K -500 -4%
DADC
133
D.A. Davidson & Co
Montana
$158K +$29.8K +2,334 +22%
FCI
134
Financial Counselors Inc
Kansas
$149K – – –
APSP
135
Asset Planning Services (Pennsylvania)
Pennsylvania
$142K – – –
IWM
136
IHT Wealth Management
Illinois
$135K -$81.6K -6,400 -37%
RG
137
Rathbones Group
United Kingdom
$135K – – –
CAM
138
Covenant Asset Management
New Jersey
$130K -$134K -10,500 -50%
Deutsche Bank
139
Deutsche Bank
Germany
$124K -$25.5K -2,000 -17%
OAM
140
Oberweis Asset Management
Illinois
$124K – – –
WT
141
Whittier Trust
California
$112K – – –
TJHA
142
Thomas J. Herzfeld Advisors
Florida
$99K – – –
RFC
143
Regions Financial Corp
Alabama
$92K – – –
WCM
144
WealthBridge Capital Management
Ohio
$80K – – –
PNC Financial Services Group
145
PNC Financial Services Group
Pennsylvania
$74K – – –
AIM
146
Advantage Investment Management
Iowa
$69K -$50.3K -3,940 -41%
Citigroup
147
Citigroup
New York
$69K – – –
CFA
148
Carroll Financial Associates
North Carolina
$57K – – –
Northwestern Mutual Wealth Management
149
Northwestern Mutual Wealth Management
Wisconsin
$56K -$1.59K -125 -3%
NFG
150
Next Financial Group
Texas
$51K -$41.4K -3,248 -44%
4 5
6
7 8

CEF Hedge Fund Activity: Q1 2019 in Review

186 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2019, worth a combined $515M — down 2.8% from $530M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new CEF positions and 8 closed out — a net gain of 7 holders — while 45 added to existing stakes and 60 trimmed.

The largest buyer was Boothbay Fund Management, adding an estimated $21.7M. The largest seller was CSS LLC, exiting entirely with an estimated $12.3M sold.

  • 186 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2019, up from 180 in Q4 2018.
  • Funds reported $515M of Sprott Physical Gold and Silver Trust stock for Q1 2019, down 2.8% quarter-over-quarter.
  • 15 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2019 and 8 closed out, a net change of +7 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q1 2019 was Boothbay Fund Management, an estimated $21.7M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q1 2019 was CSS LLC, an estimated $12.3M sold.

Based on aggregated 13F filings for Q1 2019.