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Sprott Physical Gold
PHYS

556 hedge funds and large institutions have $3.57B invested in Sprott Physical Gold in 2025 Q2 according to their latest regulatory filings, with 57 funds opening new positions, 171 increasing their positions, 177 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 32

18% more capital invested

Capital invested by funds: $3.03B → $3.57B (+$543M)

4% more funds holding

Funds holding: 537 → 556 (+19)

0.58% more ownership

Funds ownership: 29.59% → 30.17% (+0.58%)

3% less repeat investments, than reductions

Existing positions increased: 171 | Existing positions reduced: 177

7% less funds holding in top 10

Funds holding in top 10: 41 → 38 (-3)

Holders
556
Holders Change
+19
Holders Change %
+3.54%
% of All Funds
7.32%
Holding in Top 10
38
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-7.32%
% of All Funds
0.5%
New
57
Increased
171
Reduced
177
Closed
32
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
+$301M
2
IMC Chicago
IMC Chicago
Illinois
+$77.8M
3
Jane Street
Jane Street
New York
+$16.1M
4
KAS
Kestra Advisory Services
Texas
+$10.6M
5
HCM
Hengehold Capital Management
Ohio
+$10.4M

Top Sellers

Rank Fund Capital Flow
1
WCM
Wealthcare Capital Management
Virginia
-$15.6M
2
WMWM
Whitaker-Myers Wealth Managers
Ohio
-$15.4M
3
MG
Marex Group
-$14.6M
4
BCM
Barometer Capital Management
Ontario, Canada
-$10.8M
5
Raymond James Financial
Raymond James Financial
Florida
-$9.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
AFG
426
Atomi Financial Group
New York
$265K +$263K +10,456 New
MG
427
Mather Group
Illinois
$265K – – –
IPAM
428
Investment Partners Asset Management
New Jersey
$263K – – –
DWT
429
Dorsey & Whitney Trust
South Dakota
$263K – – –
SCA
430
Snowden Capital Advisors
New York
$261K +$46K +1,830 +22%
CCT
431
Capital City Trust
Florida
$260K – – –
SCA
432
Stonebridge Capital Advisors
Minnesota
$260K – – –
CLA
433
Carnegie Lake Advisors
New Jersey
$259K – – –
WJA
434
Willis Johnson & Associates
Texas
$259K -$9.25K -368 -3%
SAM
435
Secure Asset Management
Michigan
$259K – – –
MFG
436
Mendota Financial Group
Wisconsin
$254K -$25.1K -1,000 -9%
Brown Advisory
437
Brown Advisory
Maryland
$254K – – –
CWM
438
ClientFirst Wealth Management
Arkansas
$254K – – –
IAMOG
439
Investors Asset Management of Georgia
Georgia
$254K – – –
LFS
440
Littlejohn Financial Services
Oregon
$254K – – –
TIA
441
Tiemann Investment Advisors
California
$254K – – –
GIM
442
Glenmede Investment Management
Pennsylvania
$254K +$251K +10,000 New
TBA
443
Tower Bridge Advisors
Pennsylvania
$254K +$251K +10,000 New
ZIM
444
Zacks Investment Management
Illinois
$249K – – –
GL
445
Graypoint LLC
New York
$247K -$1.08K -43 -0.4%
WDG
446
Wealth Dimensions Group
Ohio
$241K – – –
OCM
447
Orleans Capital Management
Louisiana
$236K – – –
TFS
448
Thoroughbred Financial Services
Tennessee
$233K -$74K -2,945 -24%
SSWM
449
Strait & Sound Wealth Management
California
$231K – – –
CAM
450
Cidel Asset Management
Ontario, Canada
$230K – – –
16 17
18
19 20

PHYS Hedge Fund Activity: Q2 2025 in Review

556 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold (PHYS) for Q2 2025, worth a combined $3.57B — up 18% from $3.03B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new PHYS positions and 32 closed out — a net gain of 25 holders — while 171 added to existing stakes and 177 trimmed.

The largest buyer was Polar Asset Management Partners, adding an estimated $301M. The largest seller was Wealthcare Capital Management, cutting an estimated $15.6M.

  • 556 institutional investors held Sprott Physical Gold (PHYS) as of Q2 2025, up from 537 in Q1 2025.
  • Funds reported $3.57B of Sprott Physical Gold stock for Q2 2025, up 18% quarter-over-quarter.
  • 57 funds opened new Sprott Physical Gold positions in Q2 2025 and 32 closed out, a net change of +25 holders.
  • The largest Sprott Physical Gold buyer in Q2 2025 was Polar Asset Management Partners, an estimated $301M added.
  • The largest Sprott Physical Gold seller in Q2 2025 was Wealthcare Capital Management, an estimated $15.6M sold.

Based on aggregated 13F filings for Q2 2025.