Sprott Physical Gold
PHYS
125 hedge funds and large institutions have $289M invested in Sprott Physical Gold in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 36 reducing their positions, and 11 closing their positions.
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
1.44% more ownership
Funds ownership: 13.34% → 14.77% (+1.4%)
0% more capital invested
Capital invested by funds: $288M → $289M (+$1.24M)
6% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 36
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
2% less funds holding
Funds holding: 127 → 125 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$18.5M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$15.5M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$5.83M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$3.2M |
| 5 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
+$2.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bluefin Capital Management
New York
|
-$8.8M |
| 2 |
B
Bailard
Foster City,
California
|
-$2.98M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$2.74M |
| 4 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
-$2.31M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
126
Bluefin Capital Management
New York
| – | -$8.8M | -798,383 | Closed |
|
|
B
127
Bailard
Foster City,
California
| – | -$2.98M | -270,375 | Closed |
|
|
DCM
128
Dialectic Capital Management
Norwalk,
Connecticut
| – | -$2.31M | -210,000 | Closed |
|
129
Cohen & Steers
New York
| – | -$884K | -80,300 | Closed |
|
|
SB
130
Suntrust Banks
Atlanta,
Georgia
| – | -$513K | -46,757 | Closed |
|
131
Envestnet Asset Management
Chicago,
Illinois
| – | -$287K | -26,106 | Closed |
|
|
WAM
132
Winslow Asset Management
Beachwood,
Ohio
| – | -$153K | -13,920 | Closed |
|
133
Citadel Advisors
Miami,
Florida
| – | -$140K | -12,682 | Closed |
|
|
WSTAM
134
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| – | -$126K | -11,450 | Closed |
|
|
T
135
Thomaspartners
Boston,
Massachusetts
| – | -$116K | -10,525 | Closed |
|
|
BPBT
136
Boston Private Bank & Trust
Boston,
Massachusetts
| – | -$45K | -4,120 | Closed |
|
PHYS Hedge Fund Activity: Q3 2014 in Review
125 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold (PHYS) for Q3 2014, worth a combined $289M — up 0.43% from $288M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PHYS and 10 opened new positions — a net loss of 1 holder — while 36 trimmed existing stakes and 34 added.
The largest buyer was Virtu Financial, adding an estimated $18.5M. The largest seller was Bluefin Capital Management, exiting entirely with an estimated $8.8M sold.
- 125 institutional investors held Sprott Physical Gold (PHYS) as of Q3 2014, down from 127 in Q2 2014.
- Funds reported $289M of Sprott Physical Gold stock for Q3 2014, up 0.43% quarter-over-quarter.
- 10 funds opened new Sprott Physical Gold positions in Q3 2014 and 11 closed out, a net change of -1 holder.
- The largest Sprott Physical Gold buyer in Q3 2014 was Virtu Financial, an estimated $18.5M added.
- The largest Sprott Physical Gold seller in Q3 2014 was Bluefin Capital Management, an estimated $8.8M sold.
Based on aggregated 13F filings for Q3 2014.