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Sprott Physical Silver Trust
PSLV

88 hedge funds and large institutions have $110M invested in Sprott Physical Silver Trust in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 20

0.93% less ownership

Funds ownership: 14.04% → 13.1% (-0.93%)

8% less funds holding

Funds holding: 96 → 88 (-8)

8% less capital invested

Capital invested by funds: $120M → $110M (-$10M)

50% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 16

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
88
Holders Change
-8
Holders Change %
-8.33%
% of All Funds
1.9%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
8
Increased
21
Reduced
20
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
FDCDDQ
Federation des caisses Desjardins du Quebec
Quebec, Canada
+$3M
2
Ninety One (UK)
Ninety One (UK)
United Kingdom
+$2.39M
3
TYCC
Texas Yale Capital Corp
Florida
+$1.79M
4
HPCM
High Pointe Capital Management
Illinois
+$382K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$333K

Top Sellers

1
BFM
Boothbay Fund Management
New York
-$7.04M
2
OFG
OTA Financial Group
New York
-$4.37M
3
ICM
Ionic Capital Management
New York
-$1.67M
4
Jane Street
Jane Street
New York
-$1.24M
5
Federated Hermes
Federated Hermes
Pennsylvania
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
PHS
51
Pekin Hardy Strauss
Illinois
$95K – – –
LW
52
Linscomb Wealth
Texas
$91K – – –
XSC
53
X-Square Capital
Puerto Rico
$91K – – –
BS
54
Boenning & Scattergood
Pennsylvania
$90K – – –
SFS
55
Sowell Financial Services
Arkansas
$90K +$91.5K +16,192 New
FDCC
56
Foster Dykema Cabot & Co
Massachusetts
$81K – – –
GSM
57
Global Strategic Management
Puerto Rico
$79K +$80.3K +14,200 New
RJT
58
Raymond James Trust
Florida
$76K +$77.8K +13,758 New
RPGK
59
Retirement Planning Group (Kansas)
Kansas
$72K – – –
NWM
60
Northwest Wealth Management
Iowa
$69K – – –
DI
61
Diligent Investors
California
$64K -$6.78K -1,200 -9%
AIP
62
Almanack Investment Partners
Pennsylvania
$58K +$59.4K +10,500 New
MFW
63
Meristem Family Wealth
Minnesota
$57K +$1.13K +200 +2%
Carson Wealth (CWM LLC)
64
Carson Wealth (CWM LLC)
Nebraska
$50K +$29.1K +5,150 +2,575%
PNC Financial Services Group
65
PNC Financial Services Group
Pennsylvania
$47K +$17K +3,000 +56%
TCM
66
Tradewinds Capital Management
Washington
$43K – – –
PGAM
67
Princeton Global Asset Management
New Jersey
$41K – – –
US Bancorp
68
US Bancorp
Minnesota
$35K – – –
SSB
69
Sandy Spring Bank
Maryland
$25K – – –
CFA
70
Carroll Financial Associates
North Carolina
$20K – – –
BCI
71
Brinker Capital Investments
Pennsylvania
$17K – – –
GI
72
Gradient Investments
Minnesota
$15K – – –
Northwestern Mutual Wealth Management
73
Northwestern Mutual Wealth Management
Wisconsin
$14K +$2.26K +400 +19%
BFEC
74
Benjamin F. Edwards & Company
Missouri
$11K – – –
TRCT
75
Tower Research Capital (TRC)
New York
$11K – – –
1 2
3
4 5

PSLV Hedge Fund Activity: Q1 2019 in Review

88 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q1 2019, worth a combined $110M — down 8.4% from $120M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of PSLV and 8 opened new positions — a net loss of 8 holders — while 20 trimmed existing stakes and 21 added.

The largest buyer was Federation des caisses Desjardins du Quebec, adding an estimated $3M. The largest seller was Boothbay Fund Management, exiting entirely with an estimated $7.04M sold.

  • 88 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q1 2019, down from 96 in Q4 2018.
  • Funds reported $110M of Sprott Physical Silver Trust stock for Q1 2019, down 8.4% quarter-over-quarter.
  • 8 funds opened new Sprott Physical Silver Trust positions in Q1 2019 and 16 closed out, a net change of -8 holders.
  • The largest Sprott Physical Silver Trust buyer in Q1 2019 was Federation des caisses Desjardins du Quebec, an estimated $3M added.
  • The largest Sprott Physical Silver Trust seller in Q1 2019 was Boothbay Fund Management, an estimated $7.04M sold.

Based on aggregated 13F filings for Q1 2019.