Sprott Physical Gold and Silver Trust
191 hedge funds and large institutions have $676M invested in Sprott Physical Gold and Silver Trust in 2015 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 47 increasing their positions, 63 reducing their positions, and 19 closing their positions.
21% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 19
10% more capital invested
Capital invested by funds: $612M → $676M (+$64M)
2% more funds holding
Funds holding: 188 → 191 (+3)
1.52% more ownership
Funds ownership: 18% → 19.52% (+1.5%)
9% less funds holding in top 10
Funds holding in top 10: 11 → 10 (-1)
25% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 63
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$37.3M |
| 2 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$30.8M |
| 3 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$29.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$13.5M |
| 5 |
FRM
Fore Research & Management
New York
|
+$5.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$10.3M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$8.69M |
| 3 |
AGM
Alpine Global Management
New York
|
-$7.84M |
| 4 |
Morgan Stanley
New York
|
-$7.28M |
| 5 |
SG Americas Securities
New York
|
-$5.43M |
CEF Hedge Fund Activity: Q1 2015 in Review
191 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2015, worth a combined $676M — up 10% from $612M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new CEF positions and 19 closed out — a net gain of 4 holders — while 47 added to existing stakes and 63 trimmed.
The largest buyer was Neuberger Berman Group, adding an estimated $37.3M. The largest seller was Bank of America, cutting an estimated $10.3M.
- 191 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2015, up from 188 in Q4 2014.
- Funds reported $676M of Sprott Physical Gold and Silver Trust stock for Q1 2015, up 10% quarter-over-quarter.
- 23 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2015 and 19 closed out, a net change of +4 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q1 2015 was Neuberger Berman Group, an estimated $37.3M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q1 2015 was Bank of America, an estimated $10.3M sold.
Based on aggregated 13F filings for Q1 2015.