Sprott Physical Gold and Silver Trust
446 hedge funds and large institutions have $2.68B invested in Sprott Physical Gold and Silver Trust in 2025 Q4 according to their latest regulatory filings, with 71 funds opening new positions, 102 increasing their positions, 131 reducing their positions, and 25 closing their positions.
184% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 25
54% more funds holding in top 10
Funds holding in top 10: 13 → 20 (+7)
26% more capital invested
Capital invested by funds: $2.13B → $2.68B (+$551M)
10% more funds holding
Funds holding: 405 → 446 (+41)
0.07% more ownership
Funds ownership: 30.04% → 30.11% (+0.07%)
22% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 131
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
3AM
3EDGE Asset Management
Naples,
Florida
|
+$22.5M |
| 2 |
Morgan Stanley
New York
|
+$20.2M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$7.4M |
| 4 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$4.16M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$4.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$20.6M |
| 2 |
CTC
Central Trust Company
Jefferson City,
Missouri
|
-$17.5M |
| 3 |
BFG
Bleakley Financial Group
Fairfield,
New Jersey
|
-$14.9M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.01M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.99M |
CEF Hedge Fund Activity: Q4 2025 in Review
446 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold and Silver Trust (CEF) for Q4 2025, worth a combined $2.68B — up 26% from $2.13B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new CEF positions and 25 closed out — a net gain of 46 holders — while 102 added to existing stakes and 131 trimmed.
The largest buyer was 3EDGE Asset Management, opening a new position worth an estimated $22.5M. The largest seller was Jane Street, cutting an estimated $20.6M.
- 446 institutional investors held Sprott Physical Gold and Silver Trust (CEF) as of Q4 2025, up from 405 in Q3 2025.
- Funds reported $2.68B of Sprott Physical Gold and Silver Trust stock for Q4 2025, up 26% quarter-over-quarter.
- 71 funds opened new Sprott Physical Gold and Silver Trust positions in Q4 2025 and 25 closed out, a net change of +46 holders.
- The largest Sprott Physical Gold and Silver Trust buyer in Q4 2025 was 3EDGE Asset Management, an estimated $22.5M added.
- The largest Sprott Physical Gold and Silver Trust seller in Q4 2025 was Jane Street, an estimated $20.6M sold.
Based on aggregated 13F filings for Q4 2025.