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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
Fifth Third Bancorp
176
Fifth Third Bancorp
Ohio
$17K – – –
MWPCG
177
Measured Wealth Private Client Group
New Hampshire
$17K +$17.5K +1,460 New
ACS
178
Archford Capital Strategies
Illinois
$15K – – –
VIA
179
Vantage Investment Advisors
Pennsylvania
$15K – – –
GRP
180
Global Retirement Partners
California
$14K – – –
EWM
181
Endurance Wealth Management
Rhode Island
$12K – – –
IA
182
IFP Advisors
Florida
$12K – – –
SWP
183
Strategic Wealth Partners
Ohio
$12K – – –
RFA
184
Reilly Financial Advisors
California
$12K +$12K +1,000 New
OIA
185
OneDigital Investment Advisors
Kansas
$7K – – –
ECM
186
Exchange Capital Management
Michigan
$7K +$7.18K +600 New
FPB
187
First PREMIER Bank
South Dakota
$6K – – –
APA
188
American Portfolios Advisors
New York
$5.85K -$1.98K -165 -25%
RFM
189
Royal Fund Management
Florida
$5K – – –
HNB
190
Huntington National Bank
Ohio
$3K – – –
BAM
191
Barrett Asset Management
New York
$2K – – –
WA
192
WP Advisors
California
$2K – – –
TRCT
193
Tower Research Capital (TRC)
New York
$1K -$1.2K -100 -50%
RCM
194
Rivernorth Capital Management
Florida
– -$5.48M -437,244 Closed
KPF
195
K2 Principal Fund
Ontario, Canada
– -$5.01M -399,456 Closed
AFM
196
Anson Funds Management
Texas
– -$1.5M -120,000 Closed
FIM
197
Freedom Investment Management
Connecticut
– -$1.5M -119,572 Closed
BFA
198
Bragg Financial Advisors
North Carolina
– -$1.4M -111,638 Closed
ICP
199
Ironvine Capital Partners
Nebraska
– -$834K -66,600 Closed
PRHC
200
P.R. Herzig & Co
New York
– -$426K -34,000 Closed
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.