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Sprott Physical Silver Trust
PSLV

76 hedge funds and large institutions have $128M invested in Sprott Physical Silver Trust in 2013 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 16

13% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 15

3% more funds holding

Funds holding: 74 → 76 (+2)

2.53% less ownership

Funds ownership: 9.94% → 7.41% (-2.5%)

7% less capital invested

Capital invested by funds: $139M → $128M (-$10M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
76
Holders Change
+2
Holders Change %
+2.7%
% of All Funds
2.46%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
17
Increased
23
Reduced
16
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SI
Sprott Inc
Ontario, Canada
+$3.49M
2
Morgan Stanley
Morgan Stanley
New York
+$3.03M
3
JP Morgan Chase
JP Morgan Chase
New York
+$988K
4
LPL Financial
LPL Financial
California
+$911K
5
PHS
Pekin Hardy Strauss
Illinois
+$899K

Top Sellers

1
WAM
Weiss Asset Management
Massachusetts
-$25M
2
PP
Paloma Partners
Connecticut
-$3.85M
3
DCM
Dialectic Capital Management
Connecticut
-$3.02M
4
PAMP
Polar Asset Management Partners
Ontario, Canada
-$2.48M
5
VF
Virtu Financial
New York
-$770K
Name Holding Trade Value Shares
Change 		Change in
Stake
Neuberger Berman Group
26
Neuberger Berman Group
New York
$285K – – –
OC
27
Oppenheimer & Co
New York
$276K +$71.8K +8,400 +36%
Bank of Montreal
28
Bank of Montreal
Ontario, Canada
$258K +$57.3K +6,700 +29%
Jane Street
29
Jane Street
New York
$247K +$241K +28,253 New
KIA
30
King Investment Advisors
Texas
$246K +$241K +28,200 New
MLIM
31
Mountain Lake Investment Management
Florida
$241K +$56K +6,548 +31%
Nomura Holdings
32
Nomura Holdings
Japan
$234K +$136K +15,900 +145%
OAM
33
Orinda Asset Management
California
$228K +$224K +26,161 New
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$225K +$75.4K +8,822 +52%
Creative Planning
35
Creative Planning
Kansas
$217K +$151K +17,700 +246%
CBB
36
Citizens Business Bank
California
$215K -$143K -16,697 -40%
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$191K – – –
LW
38
Linscomb Wealth
Texas
$191K +$5.13K +600 +3%
Bank of New York Mellon
39
Bank of New York Mellon
New York
$188K -$119K -13,875 -39%
WSTAM
40
Wilbanks Smith & Thomas Asset Management
Virginia
$183K – – –
NES
41
New England Securities
New York
$169K +$96.1K +11,250 +139%
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$168K -$7.69K -900 -4%
SC
43
Scotia Capital
Ontario, Canada
$155K -$28.2K -3,300 -16%
William Blair & Company
44
William Blair & Company
Illinois
$152K +$150K +17,500 New
CWM
45
Concert Wealth Management
California
$149K -$51.3K -6,000 -26%
U
46
UBS
Switzerland
$146K +$143K +16,708 New
FIM
47
Frontier Investment Management
Texas
$143K +$427 +50 +0.3%
BFA
48
Beaumont Financial Advisors
Massachusetts
$141K -$5.13K -600 -4%
Schroder Investment Management Group
49
Schroder Investment Management Group
United Kingdom
$129K +$127K +14,803 New
EWA
50
EP Wealth Advisors
California
$121K +$118K +13,860 New
1
2
3 4

PSLV Hedge Fund Activity: Q3 2013 in Review

76 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q3 2013, worth a combined $128M — down 7.3% from $139M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PSLV positions and 15 closed out — a net gain of 2 holders — while 23 added to existing stakes and 16 trimmed.

The largest buyer was Sprott Inc, adding an estimated $3.49M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $25M sold.

  • 76 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q3 2013, up from 74 in Q2 2013.
  • Funds reported $128M of Sprott Physical Silver Trust stock for Q3 2013, down 7.3% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Silver Trust positions in Q3 2013 and 15 closed out, a net change of +2 holders.
  • The largest Sprott Physical Silver Trust buyer in Q3 2013 was Sprott Inc, an estimated $3.49M added.
  • The largest Sprott Physical Silver Trust seller in Q3 2013 was Weiss Asset Management, an estimated $25M sold.

Based on aggregated 13F filings for Q3 2013.