Sprott Physical Gold
PHYS
647 hedge funds and large institutions have $4.39B invested in Sprott Physical Gold in 2026 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 198 increasing their positions, 190 reducing their positions, and 60 closing their positions.
71% more call options, than puts
Call options by funds: $655K | Put options by funds: $383K
2.59% more ownership
Funds ownership: 27.93% → 30.52% (+2.6%)
4% more repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 190
2% less funds holding in top 10
Funds holding in top 10: 47 → 46 (-1)
4% less funds holding
Funds holding: 676 → 647 (-29)
9% less capital invested
Capital invested by funds: $4.83B → $4.39B (-$441M)
18% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
+$152M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$38.5M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$29.6M |
| 4 |
JP Morgan Chase
New York
|
+$28M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$27.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$22.2M |
| 2 |
VA
Vident Advisory
Alpharetta,
Georgia
|
-$15.8M |
| 3 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$15.3M |
| 4 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
-$12.8M |
| 5 |
Morgan Stanley
New York
|
-$10.1M |
PHYS Hedge Fund Activity: Q2 2026 in Review
647 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold (PHYS) for Q2 2026, worth a combined $4.39B — down 9.1% from $4.83B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of PHYS and 49 opened new positions — a net loss of 11 holders — while 190 trimmed existing stakes and 198 added.
The largest buyer was Pekin Hardy Strauss, opening a new position worth an estimated $152M. The largest seller was Jane Street, cutting an estimated $22.2M.
- 647 institutional investors held Sprott Physical Gold (PHYS) as of Q2 2026, down from 676 in Q1 2026.
- Funds reported $4.39B of Sprott Physical Gold stock for Q2 2026, down 9.1% quarter-over-quarter.
- 49 funds opened new Sprott Physical Gold positions in Q2 2026 and 60 closed out, a net change of -11 holders.
- The largest Sprott Physical Gold buyer in Q2 2026 was Pekin Hardy Strauss, an estimated $152M added.
- The largest Sprott Physical Gold seller in Q2 2026 was Jane Street, an estimated $22.2M sold.
Based on aggregated 13F filings for Q2 2026.