Sprott Physical Gold and Silver Trust
CEF
194 hedge funds and large institutions have $549M invested in Sprott Physical Gold and Silver Trust in 2019 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 51 increasing their positions, 55 reducing their positions, and 12 closing their positions.
142% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 12
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
7% more funds holding
Funds holding: 181 → 194 (+13)
6% more capital invested
Capital invested by funds: $517M → $549M (+$31.9M)
1.37% more ownership
Funds ownership: 18.05% → 19.42% (+1.4%)
7% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$16.3M |
| 2 |
BFM
Boothbay Fund Management
New York
|
+$12.8M |
| 3 |
OFG
OTA Financial Group
Purchase,
New York
|
+$8.24M |
| 4 |
FC
Fore Capital
New York
|
+$5.87M |
| 5 |
HHGC
Hunting Hill Global Capital
New York
|
+$5.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AGM
Alpine Global Management
New York
|
-$15.2M |
| 2 |
Cohen & Steers
New York
|
-$14.4M |
| 3 |
EAM
Evanson Asset Management
Carmel,
California
|
-$6.91M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$5.78M |
| 5 |
MA
Mutual Advisors
Omaha,
Nebraska
|
-$5.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
APSP
201
Asset Planning Services (Pennsylvania)
Harleysville,
Pennsylvania
| – | -$162K | -11,422 | Closed |
|
|
OAM
202
Oberweis Asset Management
Lisle,
Illinois
| – | -$142K | -10,000 | Closed |
|
|
PCG
203
Private Capital Group
West Hartford,
Connecticut
| – | -$21K | -1,500 | Closed |
|
|
SWP
204
Strategic Wealth Partners
Independence,
Ohio
| – | -$14 | -1,000 | Closed |
|
|
PWP
205
Personal Wealth Partners
Bloomington,
Minnesota
| – | -$4K | -300 | Closed |
|
206
Fidelity Investments
Boston,
Massachusetts
| – | +$14 | +1 | New |
|
CEF Hedge Fund Activity: Q4 2019 in Review
194 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q4 2019, worth a combined $549M — up 6.2% from $517M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new CEF positions and 12 closed out — a net gain of 17 holders — while 51 added to existing stakes and 55 trimmed.
The largest buyer was Evergreen Capital Management, adding an estimated $16.3M. The largest seller was Alpine Global Management, exiting entirely with an estimated $15.2M sold.
- 194 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q4 2019, up from 181 in Q3 2019.
- Funds reported $549M of Sprott Physical Gold and Silver Trust stock for Q4 2019, up 6.2% quarter-over-quarter.
- 29 funds opened new Sprott Physical Gold and Silver Trust positions in Q4 2019 and 12 closed out, a net change of +17 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q4 2019 was Evergreen Capital Management, an estimated $16.3M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q4 2019 was Alpine Global Management, an estimated $15.2M sold.
Based on aggregated 13F filings for Q4 2019.