Sprott Physical Gold and Silver Trust
CEF
195 hedge funds and large institutions have $58.5B invested in Sprott Physical Gold and Silver Trust in 2017 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 57 increasing their positions, 51 reducing their positions, and 10 closing their positions.
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
12% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 51
4% more funds holding
Funds holding: 187 → 195 (+8)
3% more capital invested
Capital invested by funds: $57B → $58.5B (+$1.45B)
0.32% more ownership
Funds ownership: 16.7% → 17.01% (+0.32%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFPIA
Stevens First Principles Investment Advisors
Newport Beach,
California
|
+$4.83M |
| 2 |
KLC
Knowledge Leaders Capital
Denver,
Colorado
|
+$4.65M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$4.11M |
| 4 |
CTC
Central Trust Company
Jefferson City,
Missouri
|
+$3.79M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.07M |
| 2 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$4.05M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.34M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.27M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SI
201
SII Investments
Appleton,
Wisconsin
| – | -$628K | -51,265 | Closed |
|
|
TSS
202
Two Sigma Securities
New York
| – | -$399K | -32,334 | Closed |
|
|
OMC
203
Old Mission Capital
Chicago,
Illinois
| – | -$293K | -23,776 | Closed |
|
204
Citadel Advisors
Miami,
Florida
| – | -$183K | -14,843 | Closed |
|
|
NA
205
NewEdge Advisors
New Orleans,
Louisiana
| – | -$29.7K | -2,500 | Closed |
|
|
WEC
206
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$14.8K | -1,200 | Closed |
|
|
CG
207
Cutler Group
San Francisco,
California
| – | -$11K | -900 | Closed |
|
|
HA
208
Harfst & Associates
Sheridan,
Wyoming
| – | -$6K | -550 | Closed |
|
CEF Hedge Fund Activity: Q3 2017 in Review
195 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2017, worth a combined $58.5B — up 2.5% from $57B a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new CEF positions and 10 closed out — a net gain of 9 holders — while 57 added to existing stakes and 51 trimmed.
The largest buyer was Stevens First Principles Investment Advisors, adding an estimated $4.83M. The largest seller was Morgan Stanley, cutting an estimated $9.07M.
- 195 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2017, up from 187 in Q2 2017.
- Funds reported $58.5B of Sprott Physical Gold and Silver Trust stock for Q3 2017, up 2.5% quarter-over-quarter.
- 19 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2017 and 10 closed out, a net change of +9 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q3 2017 was Stevens First Principles Investment Advisors, an estimated $4.83M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q3 2017 was Morgan Stanley, an estimated $9.07M sold.
Based on aggregated 13F filings for Q3 2017.