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Sprott Physical Gold

637 hedge funds and large institutions have $4.66B invested in Sprott Physical Gold in 2025 Q4 according to their latest regulatory filings, with 96 funds opening new positions, 181 increasing their positions, 188 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more first-time investments, than exits

New positions opened: 96 | Existing positions closed: 30

18% more funds holding in top 10

Funds holding in top 10: 3845 (+7)

17% more capital invested

Capital invested by funds: $3.98B → $4.66B (+$685M)

10% more funds holding

Funds holding: 581637 (+56)

0.43% more ownership

Funds ownership: 28.88%29.3% (+0.43%)

4% less repeat investments, than reductions

Existing positions increased: 181 | Existing positions reduced: 188

Holders
637
Holders Change
+56
Holders Change %
+9.64%
% of All Funds
7.75%
Holding in Top 10
45
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+18.42%
% of All Funds
0.55%
New
96
Increased
181
Reduced
188
Closed
30
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$314M +$22.9M +724,321 +8%
PAMP
2
Polar Asset Management Partners
Ontario, Canada
$200M -$111M -3,493,570 -37%
FDCDDQ
3
Federation des caisses Desjardins du Quebec
Quebec, Canada
$185M +$3.96M +125,087 +2%
Morgan Stanley
4
Morgan Stanley
New York
$177M -$10.8M -340,442 -6%
HWA
5
Heritage Wealth Advisors
Virginia
$170M +$163M +5,138,572 New
CTC
6
Central Trust Company
Missouri
$145M -$8.26M -260,852 -6%
PHS
7
Pekin Hardy Strauss
Illinois
$143M +$1.79M +56,549 +1%
EAM
8
Evanson Asset Management
California
$135M -$14.5M -458,182 -10%
JAM
9
Jupiter Asset Management
United Kingdom
$114M +$9.86M +311,515 +10%
Cambridge Investment Research Advisors
10
Cambridge Investment Research Advisors
Iowa
$100M +$12.9M +407,271 +15%
CAPTRUST Financial Advisors
11
CAPTRUST Financial Advisors
North Carolina
$84M +$2.66M +84,018 +3%
LPL Financial
12
LPL Financial
California
$76.6M +$12.3M +389,187 +20%
BFG
13
Bleakley Financial Group
New Jersey
$75.3M -$2.78M -87,743 -4%
SI
14
Sprott Inc
Ontario, Canada
$73M -$1.72M -54,399 -2%
M
15
MATAURO
New York
$68M -$119K -3,774 -0.2%
Raymond James Financial
16
Raymond James Financial
Florida
$59.2M +$4.35M +137,527 +8%
SC
17
SouthState Corp
Florida
$59.2M -$1.38M -43,694 -2%
Wells Fargo
18
Wells Fargo
California
$58.1M +$133K +4,197 +0.2%
Cetera Investment Advisers
19
Cetera Investment Advisers
Illinois
$54M -$4.81M -151,868 -8%
Envestnet Asset Management
20
Envestnet Asset Management
Illinois
$50M -$3.11M -98,244 -6%
Commonwealth Equity Services
21
Commonwealth Equity Services
Massachusetts
$49.9M -$1.28M -40,294 -3%
BPA
22
Beacon Pointe Advisors
California
$48.7M +$586K +18,499 +1%
FHC
23
Forest Hill Capital
Arkansas
$47.8M
Wealth Enhancement Advisory Services
24
Wealth Enhancement Advisory Services
Minnesota
$40.2M -$860K -27,179 -2%
CWA
25
Capital Wealth Alliance
Arizona
$36.7M -$710K -22,435 -2%