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Sprott Physical Gold and Silver Trust

188 hedge funds and large institutions have $664M invested in Sprott Physical Gold and Silver Trust in 2014 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 42 increasing their positions, 70 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 25

2% more funds holding

Funds holding: 185188 (+3)

1% less capital invested

Capital invested by funds: $674M → $664M (-$9.45M)

1.02% less ownership

Funds ownership: 19.02%18% (-1%)

8% less funds holding in top 10

Funds holding in top 10: 1211 (-1)

40% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 70

Holders
188
Holders Change
+3
Holders Change %
+1.62%
% of All Funds
5.01%
Holding in Top 10
11
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-8.33%
% of All Funds
0.29%
New
32
Increased
42
Reduced
70
Closed
25
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
1832 Asset Management
201
1832 Asset Management
Ontario, Canada
-$287K -23,230 Closed
Barclays
202
Barclays
United Kingdom
-$252K -20,957 Closed
VF
203
Virtu Financial
New York
-$226K -18,341 Closed
OAM
204
Orinda Asset Management
California
-$217K -17,634 Closed
M&T Bank
205
M&T Bank
New York
-$197K -15,972 Closed
Nomura Holdings
206
Nomura Holdings
Japan
-$185K -14,856 Closed
KFC
207
Klingenstein Fields & Co
New York
-$169K -13,700 Closed
KCM
208
Kanawha Capital Management
Virginia
-$153K -12,460 Closed
HCP
209
Holt Capital Partners
Texas
-$123K -10,000 Closed
IPC
210
Independent Portfolio Consultants
Florida
-$71K -5,740 Closed
Ameriprise
211
Ameriprise
Minnesota
-$52K -4,254 Closed
EWM
212
Elite Wealth Management
Washington
-$49K -4,000 Closed
OCM
213
One Capital Management
California
-$27K -2,204 Closed
PTC
214
Private Trust Company
Ohio
-$21K -1,670 Closed
S
215
SignatureFD
Georgia
-$18K -1,491 Closed
Schroder Investment Management Group
216
Schroder Investment Management Group
United Kingdom
-$9.88K -800 Closed

CEF Hedge Fund Activity: Q4 2014 in Review

188 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q4 2014, worth a combined $664M — down 1.4% from $674M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new CEF positions and 25 closed out — a net gain of 7 holders — while 42 added to existing stakes and 70 trimmed.

The largest buyer was Capstone Investment Advisors, adding an estimated $23.9M. The largest seller was Millennium Management, exiting entirely with an estimated $18.2M sold.

  • 188 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q4 2014, up from 185 in Q3 2014.
  • Funds reported $664M of Sprott Physical Gold and Silver Trust stock for Q4 2014, down 1.4% quarter-over-quarter.
  • 32 funds opened new Sprott Physical Gold and Silver Trust positions in Q4 2014 and 25 closed out, a net change of +7 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q4 2014 was Capstone Investment Advisors, an estimated $23.9M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q4 2014 was Millennium Management, an estimated $18.2M sold.

Based on aggregated 13F filings for Q4 2014.