Sprott Physical Gold and Silver Trust
191 hedge funds and large institutions have $530M invested in Sprott Physical Gold and Silver Trust in 2018 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 44 increasing their positions, 58 reducing their positions, and 21 closing their positions.
5% more capital invested
Capital invested by funds: $504M → $530M (+$26.1M)
4.26% more ownership
Funds ownership: 15.82% → 20.08% (+4.3%)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
3% less funds holding
Funds holding: 196 → 191 (-5)
19% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 21
24% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 58
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$37M |
| 2 |
CTC
Central Trust Company
Jefferson City,
Missouri
|
+$28.4M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$22.9M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7.58M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$3.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$7.95M |
| 2 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
-$6.2M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.48M |
| 4 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$5.01M |
| 5 |
Cohen & Steers
New York
|
-$3.49M |
CEF Hedge Fund Activity: Q3 2018 in Review
191 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q3 2018, worth a combined $530M — up 5.2% from $504M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of CEF and 17 opened new positions — a net loss of 4 holders — while 58 trimmed existing stakes and 44 added.
The largest buyer was Polar Asset Management Partners, opening a new position worth an estimated $37M. The largest seller was Raymond James & Associates, cutting an estimated $7.95M.
- 191 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q3 2018, down from 196 in Q2 2018.
- Funds reported $530M of Sprott Physical Gold and Silver Trust stock for Q3 2018, up 5.2% quarter-over-quarter.
- 17 funds opened new Sprott Physical Gold and Silver Trust positions in Q3 2018 and 21 closed out, a net change of -4 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q3 2018 was Polar Asset Management Partners, an estimated $37M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q3 2018 was Raymond James & Associates, an estimated $7.95M sold.
Based on aggregated 13F filings for Q3 2018.