Sprott Physical Gold and Silver Trust
176 hedge funds and large institutions have $723M invested in Sprott Physical Gold and Silver Trust in 2017 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 41 increasing their positions, 64 reducing their positions, and 34 closing their positions.
43% more funds holding in top 10
Funds holding in top 10: 7 → 10 (+3)
4.32% more ownership
Funds ownership: 17.01% → 21.34% (+4.3%)
10% less funds holding
Funds holding: 195 → 176 (-19)
36% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 64
50% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 34
99% less capital invested
Capital invested by funds: $58.5B → $723M (-$57.8B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$101M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$64M |
| 3 |
OTC
Opera Trading Capital
Paris,
France
|
+$23.1M |
| 4 |
AGM
Alpine Global Management
New York
|
+$15.9M |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$4.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$11.2M |
| 2 |
Citigroup
New York
|
-$9.57M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$8.83M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$7.85M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$7.34M |
CEF Hedge Fund Activity: Q4 2017 in Review
176 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q4 2017, worth a combined $723M — down 99% from $58.5B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of CEF and 17 opened new positions — a net loss of 17 holders — while 64 trimmed existing stakes and 41 added.
The largest buyer was Weiss Asset Management, opening a new position worth an estimated $101M. The largest seller was Neuberger Berman Group, exiting entirely with an estimated $11.2M sold.
- 176 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q4 2017, down from 195 in Q3 2017.
- Funds reported $723M of Sprott Physical Gold and Silver Trust stock for Q4 2017, down 99% quarter-over-quarter.
- 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q4 2017 and 34 closed out, a net change of -17 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q4 2017 was Weiss Asset Management, an estimated $101M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q4 2017 was Neuberger Berman Group, an estimated $11.2M sold.
Based on aggregated 13F filings for Q4 2017.