Sprott Physical Gold and Silver Trust
377 hedge funds and large institutions have $1.7B invested in Sprott Physical Gold and Silver Trust in 2025 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 85 increasing their positions, 115 reducing their positions, and 24 closing their positions.
67% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 24
4% more funds holding
Funds holding: 363 → 377 (+14)
0.56% less ownership
Funds ownership: 29.65% → 29.09% (-0.56%)
15% less funds holding in top 10
Funds holding in top 10: 13 → 11 (-2)
26% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 115
30% less capital inflows, than outflows
Capital inflows: $106M | Capital outflows: $151M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$25.5M |
| 2 |
Jupiter Asset Management
London,
United Kingdom
|
+$10.5M |
| 3 |
GWN Securities
Palm Beach Gardens,
Florida
|
+$6.32M |
| 4 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$6.17M |
| 5 |
TIAA Trust, National Association
Charlotte,
North Carolina
|
+$5.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
-$40.3M |
| 2 |
BCM
Bluefin Capital Management
New York
|
-$36.5M |
| 3 |
Bleakley Financial Group
Fairfield,
New Jersey
|
-$10.5M |
| 4 |
Philip James Wealth Mangement
Milton,
Georgia
|
-$7.39M |
| 5 |
Boothbay Fund Management
New York
|
-$5.73M |
CEF Hedge Fund Activity: Q2 2025 in Review
377 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q2 2025, worth a combined $1.7B — up 3% from $1.65B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new CEF positions and 24 closed out — a net gain of 16 holders — while 85 added to existing stakes and 115 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $25.5M. The largest seller was Parallax Volatility Advisers, cutting an estimated $40.3M.
- 377 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q2 2025, up from 363 in Q1 2025.
- Funds reported $1.7B of Sprott Physical Gold and Silver Trust stock for Q2 2025, up 3% quarter-over-quarter.
- 40 funds opened new Sprott Physical Gold and Silver Trust positions in Q2 2025 and 24 closed out, a net change of +16 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q2 2025 was Morgan Stanley, an estimated $25.5M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q2 2025 was Parallax Volatility Advisers, an estimated $40.3M sold.
Based on aggregated 13F filings for Q2 2025.