Sprott Physical Gold and Silver Trust

CEF

Market cap $7.29B

CEF Hedge Fund Activity: Q2 2016 in Review

172 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2016, worth a combined $93.2B — up 9.8% from $84.9B a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of CEF and 17 opened new positions — a net loss of 3 holders — while 55 trimmed existing stakes and 47 added.

The largest buyer was Wellington Management Group, adding an estimated $28.4M. The largest seller was Capstone Investment Advisors, exiting entirely with an estimated $38.7M sold.

• 172 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2016, down from 176 in Q1 2016.
• Funds reported $93.2B of Sprott Physical Gold and Silver Trust stock for Q2 2016, up 9.8% quarter-over-quarter.
• 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2016 and 20 closed out, a net change of -3 holders.
• The largest Sprott Physical Gold and Silver Trust buyer in Q2 2016 was Wellington Management Group, an estimated $28.4M added.
• The largest Sprott Physical Gold and Silver Trust seller in Q2 2016 was Capstone Investment Advisors, an estimated $38.7M sold.

Based on aggregated 13F filings for Q2 2016.