Sprott Physical Gold and Silver Trust
196 hedge funds and large institutions have $504M invested in Sprott Physical Gold and Silver Trust in 2018 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 39 increasing their positions, 61 reducing their positions, and 14 closing their positions.
79% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 14
5% more funds holding
Funds holding: 187 → 196 (+9)
6.16% less ownership
Funds ownership: 21.98% → 15.82% (-6.2%)
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
36% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 61
64% less capital invested
Capital invested by funds: $1.4B → $504M (-$891M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$14M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$7.21M |
| 3 |
FTIOP
Fiduciary Trust International of Pennsylvania
Radnor,
Pennsylvania
|
+$6.78M |
| 4 |
OTC
Opera Trading Capital
Paris,
France
|
+$6.29M |
| 5 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
+$5.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$131M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$116M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
-$5.9M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.4M |
| 5 |
Morgan Stanley
New York
|
-$2.78M |
CEF Hedge Fund Activity: Q2 2018 in Review
196 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2018, worth a combined $504M — down 64% from $1.4B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new CEF positions and 14 closed out — a net gain of 11 holders — while 39 added to existing stakes and 61 trimmed.
The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $14M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $131M sold.
- 196 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2018, up from 187 in Q1 2018.
- Funds reported $504M of Sprott Physical Gold and Silver Trust stock for Q2 2018, down 64% quarter-over-quarter.
- 25 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2018 and 14 closed out, a net change of +11 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q2 2018 was T. Rowe Price Associates, an estimated $14M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q2 2018 was Polar Asset Management Partners, an estimated $131M sold.
Based on aggregated 13F filings for Q2 2018.