Sprott Physical Gold
PHYS
682 hedge funds and large institutions have $4.84B invested in Sprott Physical Gold in 2026 Q1 according to their latest regulatory filings, with 89 funds opening new positions, 201 increasing their positions, 213 reducing their positions, and 42 closing their positions.
131% more call options, than puts
Call options by funds: $1.41M | Put options by funds: $613K
112% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 42
7% more funds holding in top 10
Funds holding in top 10: 45 → 48 (+3)
6% more funds holding
Funds holding: 641 → 682 (+41)
4% more capital invested
Capital invested by funds: $4.66B → $4.84B (+$180M)
6% less repeat investments, than reductions
Existing positions increased: 201 | Existing positions reduced: 213
1.31% less ownership
Funds ownership: 29.27% → 27.96% (-1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
+$75.4M |
| 2 |
Goldman Sachs
New York
|
+$48.1M |
| 3 |
CTC
Central Trust Company
Jefferson City,
Missouri
|
+$42.7M |
| 4 |
Jane Street
New York
|
+$38.7M |
| 5 |
WPA
WIT Partners Advisory
Singapore
|
+$26.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$200M |
| 2 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
-$143M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$20.2M |
| 4 |
Cohen & Steers
New York
|
-$17.2M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$16.7M |
PHYS Hedge Fund Activity: Q1 2026 in Review
682 of the 8,207 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold (PHYS) for Q1 2026, worth a combined $4.84B — up 3.9% from $4.66B a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new PHYS positions and 42 closed out — a net gain of 47 holders — while 201 added to existing stakes and 213 trimmed.
The largest buyer was IMC Chicago, adding an estimated $75.4M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $200M sold.
- 682 institutional investors held Sprott Physical Gold (PHYS) as of Q1 2026, up from 641 in Q4 2025.
- Funds reported $4.84B of Sprott Physical Gold stock for Q1 2026, up 3.9% quarter-over-quarter.
- 89 funds opened new Sprott Physical Gold positions in Q1 2026 and 42 closed out, a net change of +47 holders.
- The largest Sprott Physical Gold buyer in Q1 2026 was IMC Chicago, an estimated $75.4M added.
- The largest Sprott Physical Gold seller in Q1 2026 was Polar Asset Management Partners, an estimated $200M sold.
Based on aggregated 13F filings for Q1 2026.