Sprott Physical Gold and Silver Trust
CEF
176 hedge funds and large institutions have $84.9B invested in Sprott Physical Gold and Silver Trust in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 50 increasing their positions, 57 reducing their positions, and 20 closing their positions.
20% more capital invested
Capital invested by funds: $70.7B → $84.9B (+$14.2B)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
0.13% less ownership
Funds ownership: 20.02% → 19.89% (-0.13%)
6% less funds holding
Funds holding: 187 → 176 (-11)
12% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 57
40% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$7.72M |
| 2 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$3.91M |
| 3 |
LPL Financial
San Diego,
California
|
+$3.89M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$3.15M |
| 5 |
GIM
Guild Investment Management
Los Angeles,
California
|
+$3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capstone Investment Advisors
New York
|
-$10.7M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$7.89M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$5.41M |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$3.86M |
| 5 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
-$2.77M |
CEF Hedge Fund Activity: Q1 2016 in Review
176 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2016, worth a combined $84.9B — up 20% from $70.7B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of CEF and 12 opened new positions — a net loss of 8 holders — while 57 trimmed existing stakes and 50 added.
The largest buyer was CIBC Asset Management, adding an estimated $7.72M. The largest seller was Capstone Investment Advisors, cutting an estimated $10.7M.
- 176 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2016, down from 187 in Q4 2015.
- Funds reported $84.9B of Sprott Physical Gold and Silver Trust stock for Q1 2016, up 20% quarter-over-quarter.
- 12 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2016 and 20 closed out, a net change of -8 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q1 2016 was CIBC Asset Management, an estimated $7.72M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q1 2016 was Capstone Investment Advisors, an estimated $10.7M sold.
Based on aggregated 13F filings for Q1 2016.