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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
AIM
151
Advantage Investment Management
Iowa
$105K +$111K +8,385 New
CCM
152
Cribstone Capital Management
Maine
$103K +$3.56K +269 +3%
TJHA
153
Thomas J. Herzfeld Advisors
Florida
$100K
RFC
154
Regions Financial Corp
Alabama
$93K
MSA
155
Marino Stram & Associates
Massachusetts
$78K
PNC Financial Services Group
156
PNC Financial Services Group
Pennsylvania
$75K
JP Morgan Chase
157
JP Morgan Chase
New York
$73K -$22K -1,668 -22%
BCA
158
Bay Colony Advisors
Massachusetts
$70K +$73.7K +5,580 New
SEI Investments
159
SEI Investments
Pennsylvania
$66K +$27.3K +2,062 +64%
CFG
160
Citizens Financial Group
Rhode Island
$63K
Carson Wealth (CWM LLC)
161
Carson Wealth (CWM LLC)
Nebraska
$60K
CFA
162
Carroll Financial Associates
North Carolina
$58K
MIM
163
Macroview Investment Management
Maryland
$58K
Northwestern Mutual Wealth Management
164
Northwestern Mutual Wealth Management
Wisconsin
$55K +$58K +4,389 New
WAM
165
Wealthspire Advisors (Maryland)
Maryland
$50K
BBHC
166
Brown Brothers Harriman & Co
New York
$42K
RE
167
RBC Europe
United Kingdom
$41.3K
VFA
168
Valeo Financial Advisors
Indiana
$39K +$41.3K +3,125 +2,029%
BWP
169
Baldwin Wealth Partners
Massachusetts
$38K
GEA
170
Glen Eagle Advisors
New Jersey
$31.3K +$2.64K +200 +9%
PCG
171
Private Capital Group
Connecticut
$31K
Barclays
172
Barclays
United Kingdom
$29K
BBPWM
173
Blue Bell Private Wealth Management
Pennsylvania
$28K
GT
174
Glenmede Trust
Pennsylvania
$25K -$16.5K -1,250 -38%
BlackRock
175
BlackRock
New York
$21K

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.