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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
AF
176
Allworth Financial
California
$20K -$132 -10 -0.6%
OSNBOA
177
Old Second National Bank of Aurora
Illinois
$19K
Fifth Third Bancorp
178
Fifth Third Bancorp
Ohio
$18K -$3.3K -250 -15%
VIA
179
Vantage Investment Advisors
Pennsylvania
$17K
GRP
180
Global Retirement Partners
California
$16K
ACS
181
Archford Capital Strategies
Illinois
$16K +$17.2K +1,300 New
CWA
182
Clarus Wealth Advisors
Arizona
$14K +$13.2K +1,000 New
EWM
183
Endurance Wealth Management
Rhode Island
$13K
IA
184
IFP Advisors
Florida
$13K
JFA
185
JNBA Financial Advisors
Minnesota
$13K
SWP
186
Strategic Wealth Partners
Ohio
$13K +$13.2K +1,000 New
CI
187
Cowen Inc
New York
$10.1K +$80K +6,050 +0.8%
APA
188
American Portfolios Advisors
New York
$8.35K
OIA
189
OneDigital Investment Advisors
Kansas
$8K
NSIM
190
North Star Investment Management
Illinois
$6K
SF
191
Synovus Financial
Georgia
$6K
FPB
192
First PREMIER Bank
South Dakota
$6K +$6.61K +500 New
RFM
193
Royal Fund Management
Florida
$5K
HNB
194
Huntington National Bank
Ohio
$3K -$46.2K -3,492 -93%
BAM
195
Barrett Asset Management
New York
$3K
FANJ
196
Financial Architects (New Jersey)
New Jersey
$3K
TFA
197
Toth Financial Advisory
Virginia
$3K
TRCT
198
Tower Research Capital (TRC)
New York
$3K
GBBWRPM
199
Genovese Burford & Brothers Wealth & Retirement Plan Management
California
$2K
WA
200
WP Advisors
California
$2K +$1.98K +150 New

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.