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Sprott Physical Gold and Silver Trust
CEF

192 hedge funds and large institutions have $583M invested in Sprott Physical Gold and Silver Trust in 2018 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 44 increasing their positions, 58 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $550M → $583M (+$33M)

4.2% more ownership

Funds ownership: 16.09% → 20.29% (+4.2%)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

3% less funds holding

Funds holding: 197 → 192 (-5)

19% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 21

24% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 58

Holders
192
Holders Change
-5
Holders Change %
-2.54%
% of All Funds
4.39%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.18%
New
17
Increased
44
Reduced
58
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PAMP
Polar Asset Management Partners
Ontario, Canada
+$37M
2
CTC
Central Trust Company
Missouri
+$28.4M
3
WAM
Weiss Asset Management
Massachusetts
+$22.9M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$7.58M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$3.44M

Top Sellers

1
RJA
Raymond James & Associates
Florida
-$7.95M
2
BFA
Beaumont Financial Advisors
Massachusetts
-$6.2M
3
RCM
Rivernorth Capital Management
Florida
-$5.48M
4
KPF
K2 Principal Fund
Ontario, Canada
-$5.01M
5
Cohen & Steers
Cohen & Steers
New York
-$3.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
151
Thomas J. Herzfeld Advisors
Florida
$93K – – –
RFC
152
Regions Financial Corp
Alabama
$87K – – –
JP Morgan Chase
153
JP Morgan Chase
New York
$76K +$8.2K +685 +12%
PNC Financial Services Group
154
PNC Financial Services Group
Pennsylvania
$70K – – –
Citigroup
155
Citigroup
New York
$64K -$59.9K -5,000 -47%
CFG
156
Citizens Financial Group
Rhode Island
$64K +$6.04K +504 +10%
NFG
157
Next Financial Group
Texas
$62K +$63.5K +5,304 New
PS
158
Portfolio Strategies
New York
$58K +$59.3K +4,950 New
Carson Wealth (CWM LLC)
159
Carson Wealth (CWM LLC)
Nebraska
$56K – – –
CFA
160
Carroll Financial Associates
North Carolina
$54K – – –
MIM
161
Macroview Investment Management
Maryland
$54K – – –
WAM
162
Wealthspire Advisors (Maryland)
Maryland
$47K – – –
BBHC
163
Brown Brothers Harriman & Co
New York
$40K – – –
RE
164
RBC Europe
United Kingdom
$38.5K – – –
VFA
165
Valeo Financial Advisors
Indiana
$38K – – –
HWA
166
Heritage Wealth Advisors
Virginia
$35K +$35.9K +3,000 New
GEA
167
Glen Eagle Advisors
New Jersey
$29.2K – – –
PCG
168
Private Capital Group
Connecticut
$29K – – –
Barclays
169
Barclays
United Kingdom
$27K – – –
CCM
170
Cribstone Capital Management
Maine
$22K -$75.9K -6,335 -77%
BBPWM
171
Blue Bell Private Wealth Management
Pennsylvania
$20K -$6.58K -550 -24%
BlackRock
172
BlackRock
New York
$20K – – –
AF
173
Allworth Financial
California
$19K – – –
BWP
174
Baldwin Wealth Partners
Massachusetts
$18K -$18K -1,500 -50%
OSNBOA
175
Old Second National Bank of Aurora
Illinois
$18K – – –
5 6
7
8 9

CEF Hedge Fund Activity: Q3 2018 in Review

192 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2018, worth a combined $583M — up 6% from $550M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of CEF and 17 opened new positions — a net loss of 4 holders — while 58 trimmed existing stakes and 44 added.

The largest buyer was Polar Asset Management Partners, opening a new position worth an estimated $37M. The largest seller was Raymond James & Associates, cutting an estimated $7.95M.

  • 192 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2018, down from 197 in Q2 2018.
  • Funds reported $583M of Sprott Physical Gold and Silver Trust stock for Q3 2018, up 6% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2018 and 21 closed out, a net change of -4 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q3 2018 was Polar Asset Management Partners, an estimated $37M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q3 2018 was Raymond James & Associates, an estimated $7.95M sold.

Based on aggregated 13F filings for Q3 2018.