Sprott Physical Gold and Silver Trust
CEF
183 hedge funds and large institutions have $534M invested in Sprott Physical Gold and Silver Trust in 2019 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 45 increasing their positions, 60 reducing their positions, and 16 closing their positions.
4% more capital invested
Capital invested by funds: $515M → $534M (+$19.1M)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
0% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 16
0.47% less ownership
Funds ownership: 20.47% → 20% (-0.47%)
2% less funds holding
Funds holding: 186 → 183 (-3)
25% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
+$14.5M |
| 2 |
HHGC
Hunting Hill Global Capital
New York
|
+$11.3M |
| 3 |
Cohen & Steers
New York
|
+$4.49M |
| 4 |
SCM
Southport Capital Management
Chattanooga,
Tennessee
|
+$2.6M |
| 5 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
+$2.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$25.7M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$8.2M |
| 3 |
FC
Fore Capital
New York
|
-$5.96M |
| 4 |
CI
Cowen Inc
New York
|
-$3.76M |
| 5 |
CTC
Central Trust Company
Jefferson City,
Missouri
|
-$3.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Fidelity Investments
Boston,
Massachusetts
| – | +$12 | +1 | +100% |
|
CEF Hedge Fund Activity: Q2 2019 in Review
183 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2019, worth a combined $534M — up 3.7% from $515M a quarter earlier.
Fund positioning in CEF was balanced in Q2 2019: 16 funds opened new positions, 16 closed out, 45 added to existing stakes and 60 trimmed.
The largest buyer was Boothbay Fund Management, adding an estimated $14.5M. The largest seller was Weiss Asset Management, cutting an estimated $25.7M.
- 183 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2019, down from 186 in Q1 2019.
- Funds reported $534M of Sprott Physical Gold and Silver Trust stock for Q2 2019, up 3.7% quarter-over-quarter.
- 16 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2019 and 16 closed out, a net change of 0 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q2 2019 was Boothbay Fund Management, an estimated $14.5M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q2 2019 was Weiss Asset Management, an estimated $25.7M sold.
Based on aggregated 13F filings for Q2 2019.