Sprott Physical Gold and Silver Trust
CEF
180 hedge funds and large institutions have $530M invested in Sprott Physical Gold and Silver Trust in 2018 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 40 increasing their positions, 61 reducing their positions, and 26 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
0.91% less ownership
Funds ownership: 20.29% → 19.38% (-0.91%)
6% less funds holding
Funds holding: 192 → 180 (-12)
9% less capital invested
Capital invested by funds: $583M → $530M (-$52.5M)
34% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 61
38% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
+$36.8M |
| 2 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$20.2M |
| 3 |
MAP
Managed Asset Portfolios
Rochester,
Michigan
|
+$16M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$8.24M |
| 5 |
AP
Antipodes Partners
Royal Exchange,
Australia
|
+$7.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$28.1M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$27.2M |
| 3 |
Morgan Stanley
New York
|
-$16.1M |
| 4 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$8.08M |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
-$7.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCM
201
Cribstone Capital Management
Augusta,
Maine
| – | -$22K | -1,919 | Closed |
|
|
MWPCG
202
Measured Wealth Private Client Group
Portsmouth,
New Hampshire
| – | -$17K | -1,460 | Closed |
|
|
ACS
203
Archford Capital Strategies
Swansea,
Illinois
| – | -$15K | -1,300 | Closed |
|
|
IA
204
IFP Advisors
Tampa,
Florida
| – | -$12K | -1,000 | Closed |
|
|
RFA
205
Reilly Financial Advisors
La Mesa,
California
| – | -$12K | -1,000 | Closed |
|
|
ECM
206
Exchange Capital Management
Ann Arbor,
Michigan
| – | -$7K | -600 | Closed |
|
|
WA
207
WP Advisors
San Francisco,
California
| – | -$2K | -150 | Closed |
|
208
Fidelity Investments
Boston,
Massachusetts
| – | -$12 | -1 | -50% |
|
CEF Hedge Fund Activity: Q4 2018 in Review
180 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q4 2018, worth a combined $530M — down 9% from $583M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of CEF and 16 opened new positions — a net loss of 10 holders — while 61 trimmed existing stakes and 40 added.
The largest buyer was Boothbay Fund Management, opening a new position worth an estimated $36.8M. The largest seller was Polar Asset Management Partners, cutting an estimated $28.1M.
- 180 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q4 2018, down from 192 in Q3 2018.
- Funds reported $530M of Sprott Physical Gold and Silver Trust stock for Q4 2018, down 9% quarter-over-quarter.
- 16 funds opened new Sprott Physical Gold and Silver Trust positions in Q4 2018 and 26 closed out, a net change of -10 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q4 2018 was Boothbay Fund Management, an estimated $36.8M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q4 2018 was Polar Asset Management Partners, an estimated $28.1M sold.
Based on aggregated 13F filings for Q4 2018.