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Sprott Physical Silver Trust
PSLV

74 hedge funds and large institutions have $47.3M invested in Sprott Physical Silver Trust in 2014 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

0% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 14

0.2% less ownership

Funds ownership: 6.24% → 6.03% (-0.2%)

1% less funds holding

Funds holding: 75 → 74 (-1)

14% less capital invested

Capital invested by funds: $54.7M → $47.3M (-$7.39M)

24% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 21

Holders
74
Holders Change
-1
Holders Change %
-1.33%
% of All Funds
1.97%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
14
Increased
16
Reduced
21
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
+$7.12M
2
EPIM
Equinox Partners Investment Management
Connecticut
+$4.53M
3
HighTower Advisors
HighTower Advisors
Illinois
+$2.02M
4
Mariner
Mariner
Kansas
+$925K
5
LFR
Lehman Financial Resources
Pennsylvania
+$609K

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$10.4M
2
Morgan Stanley
Morgan Stanley
New York
-$3.82M
3
MLIM
Mountain Lake Investment Management
Florida
-$1.91M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$709K
5
VKH
Virtu KCG Holdings
New York
-$331K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$284K +$3.06K +464 +1%
DAS
27
Dynamic Advisor Solutions
Arizona
$263K -$75.9K -11,512 -21%
MFS
28
MSI Financial Services
Massachusetts
$216K +$103K +15,579 +80%
AIG
29
American International Group
New York
$196K -$24K -3,647 -10%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$191K +$5.77K +875 +3%
William Blair & Company
31
William Blair & Company
Illinois
$191K +$46.1K +7,000 +29%
Bank of Montreal
32
Bank of Montreal
Ontario, Canada
$180K -$10.2K -1,550 -5%
HH
33
Hilltop Holdings
Texas
$177K – – –
KIA
34
King Investment Advisors
Texas
$173K – – –
YP
35
Yellowstone Partners
Idaho
$167K -$223K -33,849 -55%
NES
36
New England Securities
New York
$164K -$712 -108 -0.4%
VF
37
Virtu Financial
New York
$153K +$164K +24,925 New
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$130K – – –
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$120K -$21.8K -3,303 -15%
AWA
40
Arete Wealth Advisors
Illinois
$116K – – –
DI
41
Diligent Investors
California
$112K +$109K +16,500 New
Deutsche Bank
42
Deutsche Bank
Germany
$108K +$14.5K +2,200 +14%
LW
43
Linscomb Wealth
Texas
$100K -$71.3K -10,815 -40%
FIM
44
Frontier Investment Management
Texas
$99K – – –
Bank of New York Mellon
45
Bank of New York Mellon
New York
$98K – – –
MFW
46
Meristem Family Wealth
Minnesota
$88K -$13.2K -2,000 -12%
BNP Paribas Financial Markets
47
BNP Paribas Financial Markets
France
$84.3K -$142K -21,600 -61%
MA
48
MUFG Americas
New York
$81K – – –
TAM
49
Tocqueville Asset Management
New York
$75K +$80.6K +12,230 New
CB
50
Commerce Bank
Missouri
$68K – – –
1
2
3 4

PSLV Hedge Fund Activity: Q4 2014 in Review

74 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q4 2014, worth a combined $47.3M — down 14% from $54.7M a quarter earlier.

Fund positioning in PSLV was balanced in Q4 2014: 14 funds opened new positions, 14 closed out, 16 added to existing stakes and 21 trimmed.

The largest buyer was Polar Asset Management Partners, opening a new position worth an estimated $7.12M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $10.4M sold.

  • 74 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q4 2014, down from 75 in Q3 2014.
  • Funds reported $47.3M of Sprott Physical Silver Trust stock for Q4 2014, down 14% quarter-over-quarter.
  • 14 funds opened new Sprott Physical Silver Trust positions in Q4 2014 and 14 closed out, a net change of 0 holders.
  • The largest Sprott Physical Silver Trust buyer in Q4 2014 was Polar Asset Management Partners, an estimated $7.12M added.
  • The largest Sprott Physical Silver Trust seller in Q4 2014 was JP Morgan Chase, an estimated $10.4M sold.

Based on aggregated 13F filings for Q4 2014.