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Sprott Physical Silver Trust
PSLV

81 hedge funds and large institutions have $114M invested in Sprott Physical Silver Trust in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 16 increasing their positions, 30 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

50% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 10

7% more funds holding

Funds holding: 76 → 81 (+5)

0.57% more ownership

Funds ownership: 7.41% → 7.98% (+0.57%)

11% less capital invested

Capital invested by funds: $128M → $114M (-$14.7M)

47% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 30

Holders
81
Holders Change
+5
Holders Change %
+6.58%
% of All Funds
2.35%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.09%
New
15
Increased
16
Reduced
30
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$11.5M
2
OFG
OTA Financial Group
New York
+$3.41M
3
MLIM
Mountain Lake Investment Management
Florida
+$2.04M
4
PP
Paloma Partners
Connecticut
+$1.45M
5
CAN
Cetera Advisor Networks
California
+$852K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.76M
2
Goldman Sachs
Goldman Sachs
New York
-$4.32M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$1.69M
4
PG
Portola Group
California
-$847K
5
PHS
Pekin Hardy Strauss
Illinois
-$754K
Name Holding Trade Value Shares
Change 		Change in
Stake
MA
51
MUFG Americas
New York
$100K – – –
FNBOO
52
First National Bank of Omaha
Nebraska
$95K – – –
MFS
53
MSI Financial Services
Massachusetts
$94K +$90.8K +10,989 +751%
AIG
54
American International Group
New York
$93K +$28.8K +3,485 +40%
Creative Planning
55
Creative Planning
Kansas
$85K -$113K -13,700 -55%
CB
56
Commerce Bank
Missouri
$84K – – –
LPT
57
Legacy Private Trust
Wisconsin
$83K – – –
Janney Montgomery Scott
58
Janney Montgomery Scott
Pennsylvania
$82.9K +$90.6K +10,954 New
BFA
59
Beaumont Financial Advisors
Massachusetts
$81K -$45.5K -5,500 -34%
BAAM
60
Baker Avenue Asset Management
California
$81K – – –
PSI
61
Pinnacle Summer Investments
Virginia
$61K – – –
WRM
62
Westport Resources Management
Connecticut
$47K – – –
Citigroup
63
Citigroup
New York
$36K -$6.2K -750 -14%
SSB
64
Sandy Spring Bank
Maryland
$34K – – –
BCI
65
Brinker Capital Investments
Pennsylvania
$24K – – –
TCM
66
Tradewinds Capital Management
Washington
$16K +$17.8K +2,150 New
BCMIO
67
Beacon Capital Management Inc (Ohio)
Ohio
$14K +$15.7K +1,900 New
U
68
UBS
Switzerland
$13K -$124K -14,996 -90%
FA
69
Financial Advantage
Maryland
$13K – – –
Deutsche Bank
70
Deutsche Bank
Germany
$10K -$11.3K -1,370 -49%
LNB
71
Ledyard National Bank
$9K +$3.31K +400 +50%
US Bancorp
72
US Bancorp
Minnesota
$8K -$1.24K -150 -13%
M&T Bank
73
M&T Bank
New York
$8K – – –
BFEC
74
Benjamin F. Edwards & Company
Missouri
$7K -$1.49K -180 -17%
GT
75
Glenmede Trust
Pennsylvania
$7K – – –
1 2
3
4

PSLV Hedge Fund Activity: Q4 2013 in Review

81 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q4 2013, worth a combined $114M — down 11% from $128M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new PSLV positions and 10 closed out — a net gain of 5 holders — while 16 added to existing stakes and 30 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $11.5M. The largest seller was Morgan Stanley, cutting an estimated $5.76M.

  • 81 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q4 2013, up from 76 in Q3 2013.
  • Funds reported $114M of Sprott Physical Silver Trust stock for Q4 2013, down 11% quarter-over-quarter.
  • 15 funds opened new Sprott Physical Silver Trust positions in Q4 2013 and 10 closed out, a net change of +5 holders.
  • The largest Sprott Physical Silver Trust buyer in Q4 2013 was JP Morgan Chase, an estimated $11.5M added.
  • The largest Sprott Physical Silver Trust seller in Q4 2013 was Morgan Stanley, an estimated $5.76M sold.

Based on aggregated 13F filings for Q4 2013.