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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
BAAM
51
Baker Avenue Asset Management
California
$66K – – –
RMAM
52
Raab & Moskowitz Asset Management
New Jersey
$55K +$59.3K +9,000 New
PSI
53
Pinnacle Summer Investments
Virginia
$48K +$9.16K +1,390 +23%
WAM
54
Wolverine Asset Management
Illinois
$41K +$44.8K +6,800 New
WA
55
WFG Advisors
Texas
$40K -$11.2K -1,700 -21%
WRM
56
Westport Resources Management
Connecticut
$38K – – –
SSB
57
Sandy Spring Bank
Maryland
$27K – – –
BCI
58
Brinker Capital Investments
Pennsylvania
$19K – – –
SAC
59
Smith Affiliated Capital
New York
$18.4K – – –
Citigroup
60
Citigroup
New York
$16K -$3.49K -529 -17%
BCMIO
61
Beacon Capital Management Inc (Ohio)
Ohio
$13K – – –
TCM
62
Tradewinds Capital Management
Washington
$13K – – –
Creative Planning
63
Creative Planning
Kansas
$12K -$214K -32,406 -94%
First Manhattan
64
First Manhattan
New York
$12K +$13.2K +2,000 New
JWA
65
JFS Wealth Advisors
Pennsylvania
$9K – – –
SIA
66
Stancorp Investment Advisers
Oregon
$7K +$7.18K +1,090 New
Canada Life
67
Canada Life
Manitoba, Canada
$6K – – –
FANJ
68
Financial Architects (New Jersey)
New Jersey
$6K – – –
GT
69
Glenmede Trust
Pennsylvania
$6K – – –
HNB
70
Huntington National Bank
Ohio
$6K – – –
US Bancorp
71
US Bancorp
Minnesota
$6K – – –
NFG
72
Next Financial Group
Texas
$5K -$12.6K -1,910 -72%
TRCT
73
Tower Research Capital (TRC)
New York
$4K -$24.6K -3,734 -84%
BBPWM
74
Blue Bell Private Wealth Management
Pennsylvania
$4K – – –
NHFG
75
New Harbor Financial Group
Massachusetts
$3K +$3.29K +500 New
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.