Sprott Physical Silver Trust
PSLV
75 hedge funds and large institutions have $54.7M invested in Sprott Physical Silver Trust in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
3% more funds holding
Funds holding: 73 → 75 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.14% less ownership
Funds ownership: 6.38% → 6.24% (-0.14%)
13% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 23
21% less capital invested
Capital invested by funds: $68.8M → $54.7M (-$14.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
+$382K |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$298K |
| 3 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
+$276K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
+$180K |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
+$145K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.11M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$782K |
| 3 |
Morgan Stanley
New York
|
-$776K |
| 4 |
PG
Portola Group
San Jose,
California
|
-$209K |
| 5 |
OC
Oppenheimer & Co
New York
|
-$163K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWM
76
B. Riley Wealth Management
Memphis,
Tennessee
| $2K | – | – | – |
|
|
SC
77
Scotia Capital
Toronto,
Ontario, Canada
| – | -$140K | -16,525 | Closed |
|
78
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$89K | -10,504 | Closed |
|
79
M&T Bank
Buffalo,
New York
| – | -$6K | -750 | Closed |
|
PSLV Hedge Fund Activity: Q3 2014 in Review
75 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q3 2014, worth a combined $54.7M — down 21% from $68.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PSLV positions and 3 closed out — a net gain of 2 holders — while 20 added to existing stakes and 23 trimmed.
The largest buyer was Virtu KCG Holdings, opening a new position worth an estimated $382K. The largest seller was Bank of America, cutting an estimated $1.11M.
- 75 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q3 2014, up from 73 in Q2 2014.
- Funds reported $54.7M of Sprott Physical Silver Trust stock for Q3 2014, down 21% quarter-over-quarter.
- 5 funds opened new Sprott Physical Silver Trust positions in Q3 2014 and 3 closed out, a net change of +2 holders.
- The largest Sprott Physical Silver Trust buyer in Q3 2014 was Virtu KCG Holdings, an estimated $382K added.
- The largest Sprott Physical Silver Trust seller in Q3 2014 was Bank of America, an estimated $1.11M sold.
Based on aggregated 13F filings for Q3 2014.