Sprott Physical Gold and Silver Trust
CEF
181 hedge funds and large institutions have $517M invested in Sprott Physical Gold and Silver Trust in 2019 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 49 increasing their positions, 52 reducing their positions, and 21 closing their positions.
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
0% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 21
3% less capital invested
Capital invested by funds: $534M → $517M (-$17M)
6% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 52
1% less funds holding
Funds holding: 183 → 181 (-2)
1.95% less ownership
Funds ownership: 20% → 18.05% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$8.57M |
| 2 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
+$6.71M |
| 3 |
HHGC
Hunting Hill Global Capital
New York
|
+$5.54M |
| 4 |
Cohen & Steers
New York
|
+$5.44M |
| 5 |
BCM
Bourgeon Capital Management
Darien,
Connecticut
|
+$4.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
-$79.1M |
| 2 |
AP
Antipodes Partners
Royal Exchange,
Australia
|
-$11.4M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$2.94M |
| 4 |
Morgan Stanley
New York
|
-$2.71M |
| 5 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$2.56M |
CEF Hedge Fund Activity: Q3 2019 in Review
181 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2019, worth a combined $517M — down 3.2% from $534M a quarter earlier.
Fund positioning in CEF was balanced in Q3 2019: 21 funds opened new positions, 21 closed out, 49 added to existing stakes and 52 trimmed.
The largest buyer was Private Advisor Group, adding an estimated $8.57M. The largest seller was Boothbay Fund Management, cutting an estimated $79.1M.
- 181 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2019, down from 183 in Q2 2019.
- Funds reported $517M of Sprott Physical Gold and Silver Trust stock for Q3 2019, down 3.2% quarter-over-quarter.
- 21 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2019 and 21 closed out, a net change of 0 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q3 2019 was Private Advisor Group, an estimated $8.57M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q3 2019 was Boothbay Fund Management, an estimated $79.1M sold.
Based on aggregated 13F filings for Q3 2019.