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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$58.3M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$10.3M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$9.52M |
| 4 |
VF
Virtu Financial
New York
|
+$1.73M |
| 5 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
+$1.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SJIC
St. James Investment Company
Southlake,
Texas
|
-$75.1M |
| 2 |
FIM
Frontier Investment Management
Dallas,
Texas
|
-$19.4M |
| 3 |
Goldman Sachs
New York
|
-$11.2M |
| 4 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$6.95M |
| 5 |
MLIM
Mountain Lake Investment Management
Boca Raton,
Florida
|
-$4.86M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$422 | +40 | New |
|
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.