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Sprott Physical Gold and Silver Trust
CEF

172 hedge funds and large institutions have $93.2B invested in Sprott Physical Gold and Silver Trust in 2016 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 47 increasing their positions, 55 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $84.9B → $93.2B (+$8.28B)

2% less funds holding

Funds holding: 176 → 172 (-4)

2.41% less ownership

Funds ownership: 19.89% → 17.48% (-2.4%)

15% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 55

15% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 20

25% less funds holding in top 10

Funds holding in top 10: 12 → 9 (-3)

Holders
172
Holders Change
-4
Holders Change %
-2.27%
% of All Funds
4.59%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.24%
New
17
Increased
47
Reduced
55
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$28.4M
2
SI
Sprott Inc
Ontario, Canada
+$20.5M
3
CTC
Central Trust Company
Missouri
+$3.56M
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$3.37M
5
CIBC Asset Management
CIBC Asset Management
Ontario, Canada
+$3.3M

Top Sellers

1
Capstone Investment Advisors
Capstone Investment Advisors
New York
-$38.7M
2
PAMP
Polar Asset Management Partners
Ontario, Canada
-$17.9M
3
LCM
Landscape Capital Management
New Jersey
-$15.4M
4
Morgan Stanley
Morgan Stanley
New York
-$15M
5
AGM
Alpine Global Management
New York
-$9.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
MIG
176
Mariner Investment Group
New York
– -$8.21M -685,000 Closed
JG
177
Jefferies Group
New York
– -$5.7M -475,182 Closed
Canada Life
178
Canada Life
Manitoba, Canada
– -$4.21M -351,429 Closed
PP
179
Paloma Partners
Connecticut
– -$2.88M -240,000 Closed
BIA
180
Barry Investment Advisors
Massachusetts
– -$1.96M -163,068 Closed
Federated Hermes
181
Federated Hermes
Pennsylvania
– -$1.54M -128,400 Closed
RGC
182
Roberts, Glore & Co
Illinois
– -$1.19M -98,950 Closed
PIM
183
Provident Investment Management
Michigan
– -$257K -21,400 Closed
AIG
184
American International Group
New York
– -$236K -19,621 Closed
SPC
185
Sigma Planning Corp
Michigan
– -$159K -13,270 Closed
BWM
186
Baystate Wealth Management
Massachusetts
– -$134K -11,136 Closed
FT
187
Fiduciary Trust
Massachusetts
– -$128K -10,643 Closed
FCH
188
Freestone Capital Holdings
Washington
– -$126K -10,500 Closed
PG
189
Patten Group
Tennessee
– -$71.9K -6,000 Closed
CG
190
Cutler Group
California
– -$51K -4,300 Closed
BAM
191
Brave Asset Management
New Jersey
– -$23K -1,900 Closed
BCMIO
192
Beacon Capital Management Inc (Ohio)
Ohio
– -$6K -500 Closed
S
193
SignatureFD
Georgia
– -$4K -350 Closed
SBL
194
Sargent Bickham Lagudis
Colorado
– -$2K -140 Closed
4 5 6 7
8

CEF Hedge Fund Activity: Q2 2016 in Review

172 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2016, worth a combined $93.2B — up 9.8% from $84.9B a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of CEF and 17 opened new positions — a net loss of 3 holders — while 55 trimmed existing stakes and 47 added.

The largest buyer was Wellington Management Group, adding an estimated $28.4M. The largest seller was Capstone Investment Advisors, exiting entirely with an estimated $38.7M sold.

  • 172 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2016, down from 176 in Q1 2016.
  • Funds reported $93.2B of Sprott Physical Gold and Silver Trust stock for Q2 2016, up 9.8% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2016 and 20 closed out, a net change of -3 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q2 2016 was Wellington Management Group, an estimated $28.4M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q2 2016 was Capstone Investment Advisors, an estimated $38.7M sold.

Based on aggregated 13F filings for Q2 2016.