Sprott Physical Gold and Silver Trust
CEF
178 hedge funds and large institutions have $634M invested in Sprott Physical Gold and Silver Trust in 2015 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 41 increasing their positions, 53 reducing their positions, and 19 closing their positions.
1.37% more ownership
Funds ownership: 18.82% → 20.19% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
2% less capital invested
Capital invested by funds: $649M → $634M (-$14.9M)
3% less funds holding
Funds holding: 183 → 178 (-5)
11% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 19
23% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$15.2M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$13.4M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$11.6M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$10.2M |
| 5 |
Capstone Investment Advisors
New York
|
+$7.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$24.4M |
| 2 |
CCMD
Cypress Capital Management (Delaware)
Greenville,
Delaware
|
-$4.28M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.1M |
| 4 |
Cohen & Steers
New York
|
-$1.67M |
| 5 |
EAM
Evanson Asset Management
Carmel,
California
|
-$1.19M |
CEF Hedge Fund Activity: Q3 2015 in Review
178 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2015, worth a combined $634M — down 2.3% from $649M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of CEF and 17 opened new positions — a net loss of 2 holders — while 53 trimmed existing stakes and 41 added.
The largest buyer was Wellington Management Group, adding an estimated $15.2M. The largest seller was Neuberger Berman Group, cutting an estimated $24.4M.
- 178 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2015, down from 183 in Q2 2015.
- Funds reported $634M of Sprott Physical Gold and Silver Trust stock for Q3 2015, down 2.3% quarter-over-quarter.
- 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2015 and 19 closed out, a net change of -2 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q3 2015 was Wellington Management Group, an estimated $15.2M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q3 2015 was Neuberger Berman Group, an estimated $24.4M sold.
Based on aggregated 13F filings for Q3 2015.