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Sprott Physical Gold and Silver Trust

185 hedge funds and large institutions have $85.8B invested in Sprott Physical Gold and Silver Trust in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 70 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more capital invested

Capital invested by funds: $82.6B → $85.8B (+$3.26B)

1.17% less ownership

Funds ownership: 21.23%20.07% (-1.2%)

5% less funds holding

Funds holding: 194185 (-9)

14% less funds holding in top 10

Funds holding in top 10: 1412 (-2)

34% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 70

39% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 23

Holders
185
Holders Change
-9
Holders Change %
-4.64%
% of All Funds
5.34%
Holding in Top 10
12
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-14.29%
% of All Funds
0.35%
New
14
Increased
46
Reduced
70
Closed
23
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AA
176
Apriem Advisors
California
$10K
EWM
177
Evercore Wealth Management
New York
$10K
TRCT
178
Tower Research Capital (TRC)
New York
$8K -$27K -1,900 -79%
JFGIW
179
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$7K
SSB
180
Sandy Spring Bank
Maryland
$7K
BC
181
Bartlett & Co
Ohio
$4K
ClearBridge Investments
182
ClearBridge Investments
New York
$4K
Fifth Third Bancorp
183
Fifth Third Bancorp
Ohio
$4K +$3.91K +275 New
JIC
184
Joel Isaacson & Co
New York
$3K
RFA
185
Reilly Financial Advisors
California
$3K
TAM
186
Tocqueville Asset Management
New York
$3K
CCM
187
Carderock Capital Management
Maryland
$3K +$3.2K +225 New
RCMB
188
Revelation Capital Management (Bermuda)
Bermuda
-$5.15M -388,390 Closed
MAP
189
Managed Asset Portfolios
Michigan
-$3.19M -240,476 Closed
IGIM
190
I.G. Investment Management
Manitoba, Canada
-$712K -53,732 Closed
SI
191
Stephens Inc
Arkansas
-$596K -45,000 Closed
Fayez Sarofim & Co
192
Fayez Sarofim & Co
Texas
-$457K -34,500 Closed
Nomura Holdings
193
Nomura Holdings
Japan
-$294K -22,200 Closed
SAM
194
Silvercrest Asset Management
New York
-$238K -17,940 Closed
VKH
195
Virtu KCG Holdings
New York
-$211K -15,915 Closed
FFC
196
First Financial Corp
Indiana
-$150K -11,300 Closed
GBA
197
Garrison Bradford & Associates
New York
-$144K -10,900 Closed
BRWA
198
B. Riley Wealth Advisors
Florida
-$142K -10,722 Closed
LI
199
Longer Investments
Arkansas
-$140K -10,570 Closed
DWM
200
Destination Wealth Management
California
-$136K -10,297 Closed

CEF Hedge Fund Activity: Q1 2014 in Review

185 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2014, worth a combined $85.8B — up 3.9% from $82.6B a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of CEF and 14 opened new positions — a net loss of 9 holders — while 70 trimmed existing stakes and 46 added.

The largest buyer was Millennium Management, adding an estimated $13.7M. The largest seller was Forty4 Asset Management, cutting an estimated $26.4M.

  • 185 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2014, down from 194 in Q4 2013.
  • Funds reported $85.8B of Sprott Physical Gold and Silver Trust stock for Q1 2014, up 3.9% quarter-over-quarter.
  • 14 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2014 and 23 closed out, a net change of -9 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q1 2014 was Millennium Management, an estimated $13.7M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q1 2014 was Forty4 Asset Management, an estimated $26.4M sold.

Based on aggregated 13F filings for Q1 2014.