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Sprott Physical Gold
PHYS

126 hedge funds and large institutions have $358M invested in Sprott Physical Gold in 2013 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 24 increasing their positions, 58 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.19% less ownership

Funds ownership: 21.96% → 18.76% (-3.2%)

4% less funds holding

Funds holding: 131 → 126 (-5)

17% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 24

23% less capital invested

Capital invested by funds: $467M → $358M (-$109M)

27% less funds holding in top 10

Funds holding in top 10: 15 → 11 (-4)

59% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 58

Holders
126
Holders Change
-5
Holders Change %
-3.82%
% of All Funds
3.66%
Holding in Top 10
11
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-26.67%
% of All Funds
0.32%
New
20
Increased
24
Reduced
58
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
+$58.3M
2
PAMP
Polar Asset Management Partners
Ontario, Canada
+$10.3M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$9.52M
4
VF
Virtu Financial
New York
+$1.73M
5
DCM
Dialectic Capital Management
Connecticut
+$1.49M

Top Sellers

Rank Fund Capital Flow
1
SJIC
St. James Investment Company
Texas
-$75.1M
2
FIM
Frontier Investment Management
Texas
-$19.4M
3
Goldman Sachs
Goldman Sachs
New York
-$11.2M
4
ECM
Evergreen Capital Management
Washington
-$6.95M
5
MLIM
Mountain Lake Investment Management
Florida
-$4.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
MLIM
76
Mountain Lake Investment Management
Florida
$295K -$4.86M -460,887 -94%
Creative Planning
77
Creative Planning
Kansas
$291K -$182K -17,316 -37%
DAS
78
Dynamic Advisor Solutions
Arizona
$287K +$303K +28,771 New
SAM
79
Silvercrest Asset Management
New York
$276K – – –
LPT
80
Legacy Private Trust
Wisconsin
$259K – – –
NPC
81
National Planning Corporation
California
$253K -$360K -34,165 -57%
William Blair & Company
82
William Blair & Company
Illinois
$253K – – –
EWA
83
EP Wealth Advisors
California
$249K +$263K +25,000 New
VKH
84
Virtu KCG Holdings
New York
$243K -$1.05M -99,466 -80%
OCM
85
Orleans Capital Management
Louisiana
$213K +$226K +21,400 New
OAM
86
Orinda Asset Management
California
$206K – – –
KAM
87
Keeley Asset Management
Illinois
$181K – – –
Citigroup
88
Citigroup
New York
$177K +$116K +10,986 +164%
CA
89
Capital Advantage
California
$174K +$184K +17,500 New
MFS
90
MSI Financial Services
Massachusetts
$172K -$18.5K -1,751 -9%
CWA
91
Convergent Wealth Advisors
Maryland
$160K – – –
LCM
92
LVM Capital Management
Michigan
$149K – – –
EAM
93
Evanson Asset Management
California
$140K +$148K +14,052 New
OCAM
94
Onex Canada Asset Management
Ontario, Canada
$139K – – –
PNC Financial Services Group
95
PNC Financial Services Group
Pennsylvania
$134K -$158K -15,000 -53%
US Bancorp
96
US Bancorp
Minnesota
$133K +$7.9K +750 +6%
PHIMC
97
Private Harbour Investment Management & Counsel
Ohio
$132K – – –
Northwestern Mutual Wealth Management
98
Northwestern Mutual Wealth Management
Wisconsin
$124K +$131K +12,464 New
VFAM
99
Valley Forge Asset Management
Pennsylvania
$120K -$15.8K -1,500 -11%
WSTAM
100
Wilbanks Smith & Thomas Asset Management
Virginia
$114K -$137K -13,000 -53%
2 3
4
5 6

PHYS Hedge Fund Activity: Q4 2013 in Review

126 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold (PHYS) for Q4 2013, worth a combined $358M — down 23% from $467M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of PHYS and 20 opened new positions — a net loss of 4 holders — while 58 trimmed existing stakes and 24 added.

The largest buyer was Weiss Asset Management, adding an estimated $58.3M. The largest seller was St. James Investment Company, exiting entirely with an estimated $75.1M sold.

  • 126 institutional investors held Sprott Physical Gold (PHYS) as of Q4 2013, down from 131 in Q3 2013.
  • Funds reported $358M of Sprott Physical Gold stock for Q4 2013, down 23% quarter-over-quarter.
  • 20 funds opened new Sprott Physical Gold positions in Q4 2013 and 24 closed out, a net change of -4 holders.
  • The largest Sprott Physical Gold buyer in Q4 2013 was Weiss Asset Management, an estimated $58.3M added.
  • The largest Sprott Physical Gold seller in Q4 2013 was St. James Investment Company, an estimated $75.1M sold.

Based on aggregated 13F filings for Q4 2013.