Sprott Physical Gold and Silver Trust
CEF
186 hedge funds and large institutions have $515M invested in Sprott Physical Gold and Silver Trust in 2019 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 45 increasing their positions, 60 reducing their positions, and 8 closing their positions.
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
3% more funds holding
Funds holding: 180 → 186 (+6)
1.09% more ownership
Funds ownership: 19.38% → 20.47% (+1.1%)
3% less capital invested
Capital invested by funds: $530M → $515M (-$15.1M)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
25% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
+$21.7M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$21.4M |
| 3 |
CTC
Central Trust Company
Jefferson City,
Missouri
|
+$1.93M |
| 4 |
FC
Fore Capital
New York
|
+$893K |
| 5 |
MAP
Managed Asset Portfolios
Rochester,
Michigan
|
+$887K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
CSS LLC
Chicago,
Illinois
|
-$12.3M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$9.81M |
| 3 |
AGM
Alpine Global Management
New York
|
-$7.62M |
| 4 |
NWM
Nicola Wealth Management
Vancouver,
British Columbia, Canada
|
-$6.16M |
| 5 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$4.93M |
CEF Hedge Fund Activity: Q1 2019 in Review
186 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2019, worth a combined $515M — down 2.8% from $530M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new CEF positions and 8 closed out — a net gain of 7 holders — while 45 added to existing stakes and 60 trimmed.
The largest buyer was Boothbay Fund Management, adding an estimated $21.7M. The largest seller was CSS LLC, exiting entirely with an estimated $12.3M sold.
- 186 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2019, up from 180 in Q4 2018.
- Funds reported $515M of Sprott Physical Gold and Silver Trust stock for Q1 2019, down 2.8% quarter-over-quarter.
- 15 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2019 and 8 closed out, a net change of +7 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q1 2019 was Boothbay Fund Management, an estimated $21.7M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q1 2019 was CSS LLC, an estimated $12.3M sold.
Based on aggregated 13F filings for Q1 2019.