Sprott Physical Gold
PHYS
131 hedge funds and large institutions have $467M invested in Sprott Physical Gold in 2013 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 37 increasing their positions, 39 reducing their positions, and 10 closing their positions.
160% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 10
15% more funds holding in top 10
Funds holding in top 10: 13 → 15 (+2)
13% more funds holding
Funds holding: 116 → 131 (+15)
5% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 39
2.54% less ownership
Funds ownership: 24.5% → 21.96% (-2.5%)
5% less capital invested
Capital invested by funds: $492M → $467M (-$25.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$32M |
| 2 |
LPL Financial
San Diego,
California
|
+$4.39M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$3.77M |
| 4 |
B
Bailard
Foster City,
California
|
+$2.79M |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$1.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$42.4M |
| 2 |
Goldman Sachs
New York
|
-$16.5M |
| 3 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
-$14.8M |
| 4 |
TAM
Tocqueville Asset Management
New York
|
-$14.3M |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
-$6.86M |
PHYS Hedge Fund Activity: Q3 2013 in Review
131 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold (PHYS) for Q3 2013, worth a combined $467M — down 5.1% from $492M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new PHYS positions and 10 closed out — a net gain of 16 holders — while 37 added to existing stakes and 39 trimmed.
The largest buyer was Polar Asset Management Partners, adding an estimated $32M. The largest seller was Weiss Asset Management, cutting an estimated $42.4M.
- 131 institutional investors held Sprott Physical Gold (PHYS) as of Q3 2013, up from 116 in Q2 2013.
- Funds reported $467M of Sprott Physical Gold stock for Q3 2013, down 5.1% quarter-over-quarter.
- 26 funds opened new Sprott Physical Gold positions in Q3 2013 and 10 closed out, a net change of +16 holders.
- The largest Sprott Physical Gold buyer in Q3 2013 was Polar Asset Management Partners, an estimated $32M added.
- The largest Sprott Physical Gold seller in Q3 2013 was Weiss Asset Management, an estimated $42.4M sold.
Based on aggregated 13F filings for Q3 2013.