Sprott Physical Gold and Silver Trust
CEF
185 hedge funds and large institutions have $85.3B invested in Sprott Physical Gold and Silver Trust in 2014 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 51 increasing their positions, 56 reducing their positions, and 18 closing their positions.
11% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 18
0% more funds holding
Funds holding: 185 → 185 (0)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
1% less capital invested
Capital invested by funds: $85.8B → $85.3B (-$484M)
9% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 56
1.4% less ownership
Funds ownership: 20.07% → 18.67% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$7.33M |
| 2 |
Millennium Management
New York
|
+$4.38M |
| 3 |
HP
HT Partners
Centerbrook,
Connecticut
|
+$2.55M |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
+$2.48M |
| 5 |
NHFG
New Harbor Financial Group
Worcester,
Massachusetts
|
+$1.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Forty4 Asset Management
Chicago,
Illinois
|
-$40.9M |
| 2 |
RA
Royce & Associates
New York
|
-$5.55M |
| 3 |
GIM
Greylin Investment Management
Orange,
Virginia
|
-$5.07M |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$3.44M |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$3.18M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FHA
201
First Horizon Advisors
Memphis,
Tennessee
| – | -$15K | -1,126 | Closed |
|
|
SFSIG
202
San Francisco Sentry Investment Group
San Francisco,
California
| – | -$14K | -1,000 | Closed |
|
203
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$4K | -275 | Closed |
|
|
CCM
204
Carderock Capital Management
Chevy Chase,
Maryland
| – | -$3K | -225 | Closed |
|
|
RFA
205
Reilly Financial Advisors
La Mesa,
California
| – | -$3K | -200 | Closed |
|
CEF Hedge Fund Activity: Q2 2014 in Review
185 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2014, worth a combined $85.3B — down 0.56% from $85.8B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CEF positions and 18 closed out — a net gain of 2 holders — while 51 added to existing stakes and 56 trimmed.
The largest buyer was Allianz Asset Management, adding an estimated $7.33M. The largest seller was Forty4 Asset Management, cutting an estimated $40.9M.
- 185 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2014, unchanged from Q1 2014.
- Funds reported $85.3B of Sprott Physical Gold and Silver Trust stock for Q2 2014, down 0.56% quarter-over-quarter.
- 20 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2014 and 18 closed out, a net change of +2 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q2 2014 was Allianz Asset Management, an estimated $7.33M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q2 2014 was Forty4 Asset Management, an estimated $40.9M sold.
Based on aggregated 13F filings for Q2 2014.