Sprott Physical Gold
PHYS
654 hedge funds and large institutions have $4.4B invested in Sprott Physical Gold in 2026 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 200 increasing their positions, 191 reducing their positions, and 63 closing their positions.
71% more call options, than puts
Call options by funds: $655K | Put options by funds: $383K
2.6% more ownership
Funds ownership: 27.96% → 30.56% (+2.6%)
5% more repeat investments, than reductions
Existing positions increased: 200 | Existing positions reduced: 191
2% less funds holding in top 10
Funds holding in top 10: 48 → 47 (-1)
4% less funds holding
Funds holding: 682 → 654 (-28)
9% less capital invested
Capital invested by funds: $4.84B → $4.4B (-$439M)
22% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 63
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
654 of the 8,345 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Gold (PHYS) for Q2 2026, worth a combined $4.4B — down 9.1% from $4.84B a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of PHYS and 49 opened new positions — a net loss of 14 holders — while 191 trimmed existing stakes and 200 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.
- 654 institutional investors held Sprott Physical Gold (PHYS) as of Q2 2026, down from 682 in Q1 2026.
- Funds reported $4.4B 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 63 closed out, a net change of -14 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.