Sprott Physical Gold and Silver Trust
181 hedge funds and large institutions have $530M invested in Sprott Physical Gold and Silver Trust in 2016 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 49 increasing their positions, 59 reducing their positions, and 25 closing their positions.
12% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 25
1% more funds holding
Funds holding: 180 → 181 (+1)
0.27% less ownership
Funds ownership: 16.36% → 16.09% (-0.27%)
3% less capital inflows, than outflows
Capital inflows: $84M | Capital outflows: $86.2M
17% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 59
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$21.4M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$10.2M |
| 3 |
PFM
Peak Financial Management
Wellesley,
Massachusetts
|
+$7.76M |
| 4 |
Central Trust Company
Jefferson City,
Missouri
|
+$6.25M |
| 5 |
Citigroup
New York
|
+$5.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$22.1M |
| 2 |
Morgan Stanley
New York
|
-$12.4M |
| 3 |
FRM
Fore Research & Management
New York
|
-$7.8M |
| 4 |
Raymond James & Associates
St Petersburg,
Florida
|
-$3.84M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$3.53M |
CEF Hedge Fund Activity: Q4 2016 in Review
181 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q4 2016, worth a combined $530M — down 21% from $669M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new CEF positions and 25 closed out — a net gain of 3 holders — while 49 added to existing stakes and 59 trimmed.
The largest buyer was Polar Asset Management Partners, adding an estimated $21.4M. The largest seller was Wellington Management Group, cutting an estimated $22.1M.
- 181 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q4 2016, up from 180 in Q3 2016.
- Funds reported $530M of Sprott Physical Gold and Silver Trust stock for Q4 2016, down 21% quarter-over-quarter.
- 28 funds opened new Sprott Physical Gold and Silver Trust positions in Q4 2016 and 25 closed out, a net change of +3 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q4 2016 was Polar Asset Management Partners, an estimated $21.4M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q4 2016 was Wellington Management Group, an estimated $22.1M sold.
Based on aggregated 13F filings for Q4 2016.