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Sprott Physical Gold and Silver Trust

185 hedge funds and large institutions have $674M invested in Sprott Physical Gold and Silver Trust in 2014 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 42 increasing their positions, 60 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.35% more ownership

Funds ownership: 18.67%19.02% (+0.35%)

0% more funds holding

Funds holding: 185185 (0)

0% more funds holding in top 10

Funds holding in top 10: 1212 (0)

0% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 17

30% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 60

99% less capital invested

Capital invested by funds: $85.3B → $674M (-$84.7B)

Holders
185
Holders Change
Holders Change %
0%
% of All Funds
5.37%
Holding in Top 10
12
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.35%
New
17
Increased
42
Reduced
60
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SAC
1
Smith Affiliated Capital
New York
$76.1M
Parallax Volatility Advisers
2
Parallax Volatility Advisers
California
$51.8M +$1.18M +85,672 +2%
Allianz Asset Management
3
Allianz Asset Management
Germany
$48.2M +$4.58M +333,600 +9%
Morgan Stanley
4
Morgan Stanley
New York
$44.7M -$3.76M -273,643 -7%
PAMP
5
Polar Asset Management Partners
Ontario, Canada
$35.1M +$56.3K +4,100 +0.1%
BC
6
BMI Capital
New York
$28.4M -$732K -53,265 -2%
Millennium Management
7
Millennium Management
New York
$18.2M -$630K -45,817 -3%
EPIM
8
Equinox Partners Investment Management
Connecticut
$17.9M
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$15.8M +$1.32M +96,287 +8%
T. Rowe Price Associates
10
T. Rowe Price Associates
Maryland
$14.7M +$27.5K +2,000 +0.2%
Citigroup
11
Citigroup
New York
$14.3M +$19.6K +1,424 +0.1%
Wells Fargo
12
Wells Fargo
California
$13.7M +$6.16M +447,956 +68%
VFAM
13
Valley Forge Asset Management
Pennsylvania
$12.5M -$769K -55,942 -5%
BFA
14
Beaumont Financial Advisors
Massachusetts
$12.4M -$740K -53,827 -5%
PHS
15
Pekin Hardy Strauss
Illinois
$12.1M -$79K -5,750 -0.6%
CVM
16
Cheviot Value Management
California
$10.8M -$244K -17,740 -2%
LPL Financial
17
LPL Financial
California
$10.5M +$322K +23,411 +3%
Neuberger Berman Group
18
Neuberger Berman Group
New York
$10.1M +$14K +1,017 +0.1%
EAM
19
Evanson Asset Management
California
$9.22M +$167K +12,142 +2%
AII
20
AGF Investments Inc
Ontario, Canada
$8.95M -$70.1K -5,100 -0.7%
CCMD
21
Cypress Capital Management (Delaware)
Delaware
$8.71M +$3.16M +229,825 +48%
RJA
22
Raymond James & Associates
Florida
$8.17M -$2.65K -193 -0%
Capstone Investment Advisors
23
Capstone Investment Advisors
New York
$7.3M +$7.11M +517,486 +682%
STI
24
Susquehanna Trust & Investment
Pennsylvania
$7.28M -$240K -17,494 -3%
ECM
25
Evergreen Capital Management
Washington
$7.07M +$55.7K +4,050 +0.7%

CEF Hedge Fund Activity: Q3 2014 in Review

185 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2014, worth a combined $674M — down 99% from $85.3B a quarter earlier.

Fund positioning in CEF was balanced in Q3 2014: 17 funds opened new positions, 17 closed out, 42 added to existing stakes and 60 trimmed.

The largest buyer was Capstone Investment Advisors, adding an estimated $7.11M. The largest seller was Canada Life, cutting an estimated $4.6M.

  • 185 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2014, unchanged from Q2 2014.
  • Funds reported $674M of Sprott Physical Gold and Silver Trust stock for Q3 2014, down 99% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2014 and 17 closed out, a net change of 0 holders.
  • The largest Sprott Physical Gold and Silver Trust buyer in Q3 2014 was Capstone Investment Advisors, an estimated $7.11M added.
  • The largest Sprott Physical Gold and Silver Trust seller in Q3 2014 was Canada Life, an estimated $4.6M sold.

Based on aggregated 13F filings for Q3 2014.