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Sprott Physical Gold and Silver Trust
CEF

194 hedge funds and large institutions have $549M invested in Sprott Physical Gold and Silver Trust in 2019 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 51 increasing their positions, 55 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 12

13% more funds holding in top 10

Funds holding in top 10: 8 → 9 (+1)

7% more funds holding

Funds holding: 181 → 194 (+13)

6% more capital invested

Capital invested by funds: $517M → $549M (+$31.9M)

1.37% more ownership

Funds ownership: 18.05% → 19.42% (+1.4%)

7% less repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 55

Holders
194
Holders Change
+13
Holders Change %
+7.18%
% of All Funds
3.82%
Holding in Top 10
9
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+12.5%
% of All Funds
0.18%
New
29
Increased
51
Reduced
55
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ECM
Evergreen Capital Management
Washington
+$16.3M
2
BFM
Boothbay Fund Management
New York
+$12.8M
3
OFG
OTA Financial Group
New York
+$8.24M
4
FC
Fore Capital
New York
+$5.87M
5
HHGC
Hunting Hill Global Capital
New York
+$5.04M

Top Sellers

Rank Fund Capital Flow
1
AGM
Alpine Global Management
New York
-$15.2M
2
Cohen & Steers
Cohen & Steers
New York
-$14.4M
3
EAM
Evanson Asset Management
California
-$6.91M
4
PAG
Private Advisor Group
New Jersey
-$5.78M
5
MA
Mutual Advisors
Nebraska
-$5.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCA
176
Stonebridge Capital Advisors
Minnesota
$21K – – –
FCA
177
FinTrust Capital Advisors
South Carolina
$20K – – –
TC
178
Trust Company
Kansas
$18K +$17.2K +1,200 New
EWM
179
Edge Wealth Management
New York
$15K – – –
EWM
180
Endurance Wealth Management
Rhode Island
$15K – – –
IWP
181
IAG Wealth Partners
Wisconsin
$15K +$14.3K +1,000 New
WQ
182
Wealth Quarterback
New Jersey
$10.8K +$82K +5,726 New
LFA
183
Lighthouse Financial Advisors
Maryland
$10K +$10.4K +726 New
APA
184
American Portfolios Advisors
New York
$7.34K – – –
FPB
185
First PREMIER Bank
South Dakota
$7K – – –
JFA
186
JNBA Financial Advisors
Minnesota
$7K – – –
RFM
187
Royal Fund Management
Florida
$6K – – –
SIS
188
Sound Income Strategies
Florida
$4K -$3.58K -250 -50%
AAP
189
Arax Advisory Partners
Colorado
$4K +$4.3K +300 New
BAM
190
Barrett Asset Management
New York
$3K – – –
TRCT
191
Tower Research Capital (TRC)
New York
$1K +$1.43K +100 New
SI
192
Sprott Inc
Ontario, Canada
$772 +$354K +24,745 +89%
PGAM
193
Princeton Global Asset Management
New Jersey
$13 – – –
AGM
194
Alpine Global Management
New York
– -$15.2M -1,075,000 Closed
Cohen & Steers
195
Cohen & Steers
New York
– -$14.4M -1,015,031 Closed
EAM
196
Evanson Asset Management
California
– -$6.91M -487,864 Closed
BUB
197
BBVA USA Bancshares
Texas
– -$2.93M -206,605 Closed
MCM
198
Marathon Capital Management
Maryland
– -$2.69M -189,698 Closed
GIM
199
Greylin Investment Management
Virginia
– -$674K -47,575 Closed
Susquehanna International Group
200
Susquehanna International Group
Pennsylvania
– -$297K -20,939 Closed
5 6 7
8
9

CEF Hedge Fund Activity: Q4 2019 in Review

194 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q4 2019, worth a combined $549M — up 6.2% from $517M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new CEF positions and 12 closed out — a net gain of 17 holders — while 51 added to existing stakes and 55 trimmed.

The largest buyer was Evergreen Capital Management, adding an estimated $16.3M. The largest seller was Alpine Global Management, exiting entirely with an estimated $15.2M sold.

  • 194 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q4 2019, up from 181 in Q3 2019.
  • Funds reported $549M of Sprott Physical Gold and Silver Trust stock for Q4 2019, up 6.2% quarter-over-quarter.
  • 29 funds opened new Sprott Physical Gold and Silver Trust positions in Q4 2019 and 12 closed out, a net change of +17 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q4 2019 was Evergreen Capital Management, an estimated $16.3M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q4 2019 was Alpine Global Management, an estimated $15.2M sold.

Based on aggregated 13F filings for Q4 2019.