Sprott Physical Gold and Silver Trust
CEF
187 hedge funds and large institutions have $746M invested in Sprott Physical Gold and Silver Trust in 2018 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 41 increasing their positions, 52 reducing their positions, and 28 closing their positions.
39% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 28
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
6% more funds holding
Funds holding: 176 → 187 (+11)
3% more capital invested
Capital invested by funds: $723M → $746M (+$23.3M)
0.64% more ownership
Funds ownership: 21.34% → 21.98% (+0.64%)
21% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 52
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$30.3M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$25.2M |
| 3 |
AP
Antipodes Partners
Royal Exchange,
Australia
|
+$21.7M |
| 4 |
Neuberger Berman Group
New York
|
+$12M |
| 5 |
CI
Cowen Inc
New York
|
+$10.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CTC
Central Trust Company
Jefferson City,
Missouri
|
-$28M |
| 2 |
OTC
Opera Trading Capital
Paris,
France
|
-$26.3M |
| 3 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$21.3M |
| 4 |
Citigroup
New York
|
-$12.3M |
| 5 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
-$9.55M |
CEF Hedge Fund Activity: Q1 2018 in Review
187 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q1 2018, worth a combined $746M — up 3.2% from $723M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new CEF positions and 28 closed out — a net gain of 11 holders — while 41 added to existing stakes and 52 trimmed.
The largest buyer was Polar Asset Management Partners, adding an estimated $30.3M. The largest seller was Central Trust Company, exiting entirely with an estimated $28M sold.
- 187 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q1 2018, up from 176 in Q4 2017.
- Funds reported $746M of Sprott Physical Gold and Silver Trust stock for Q1 2018, up 3.2% quarter-over-quarter.
- 39 funds opened new Sprott Physical Gold and Silver Trust positions in Q1 2018 and 28 closed out, a net change of +11 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q1 2018 was Polar Asset Management Partners, an estimated $30.3M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q1 2018 was Central Trust Company, an estimated $28M sold.
Based on aggregated 13F filings for Q1 2018.