Sprott Physical Gold
PHYS
130 hedge funds and large institutions have $268M invested in Sprott Physical Gold in 2014 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 36 increasing their positions, 40 reducing their positions, and 13 closing their positions.
38% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 13
3% more funds holding
Funds holding: 126 → 130 (+4)
5.89% less ownership
Funds ownership: 18.76% → 12.87% (-5.9%)
9% less funds holding in top 10
Funds holding in top 10: 11 → 10 (-1)
10% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 40
26% less capital invested
Capital invested by funds: $365M → $268M (-$96.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$4.12M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$3.29M |
| 3 |
Morgan Stanley
New York
|
+$3.14M |
| 4 |
B
Bailard
Foster City,
California
|
+$2.91M |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$2.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$63.3M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$37M |
| 3 |
Goldman Sachs
New York
|
-$11.2M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.56M |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
-$5.33M |
PHYS Hedge Fund Activity: Q1 2014 in Review
130 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold (PHYS) for Q1 2014, worth a combined $268M — down 26% from $365M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new PHYS positions and 13 closed out — a net gain of 5 holders — while 36 added to existing stakes and 40 trimmed.
The largest buyer was Commonwealth Equity Services, adding an estimated $4.12M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $63.3M sold.
- 130 institutional investors held Sprott Physical Gold (PHYS) as of Q1 2014, up from 126 in Q4 2013.
- Funds reported $268M of Sprott Physical Gold stock for Q1 2014, down 26% quarter-over-quarter.
- 18 funds opened new Sprott Physical Gold positions in Q1 2014 and 13 closed out, a net change of +5 holders.
- The largest Sprott Physical Gold buyer in Q1 2014 was Commonwealth Equity Services, an estimated $4.12M added.
- The largest Sprott Physical Gold seller in Q1 2014 was Weiss Asset Management, an estimated $63.3M sold.
Based on aggregated 13F filings for Q1 2014.