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Sprott Physical Silver Trust
PSLV

91 hedge funds and large institutions have $74.3M invested in Sprott Physical Silver Trust in 2016 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 16 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

81% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 16

63% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 8

6% more funds holding

Funds holding: 86 → 91 (+5)

0.73% less ownership

Funds ownership: 7.67% → 6.94% (-0.73%)

26% less capital invested

Capital invested by funds: $101M → $74.3M (-$26.7M)

Holders
91
Holders Change
+5
Holders Change %
+5.81%
% of All Funds
2.43%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
29
Reduced
16
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$326K
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$287K
3
LTFS
Ladenburg Thalmann Financial Services
Florida
+$274K
4
UBS Group
UBS Group
Switzerland
+$237K
5
LPL Financial
LPL Financial
California
+$210K

Top Sellers

Rank Fund Capital Flow
1
Federated Hermes
Federated Hermes
Pennsylvania
-$6.78M
2
ICM
Ionic Capital Management
New York
-$945K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$831K
4
LVP
Limestone Value Partners
Texas
-$762K
5
VF
Virtu Financial
New York
-$423K
Name Holding Trade Value Shares
Change 		Change in
Stake
SSB
76
Sandy Spring Bank
Maryland
$33K – – –
Envestnet Asset Management
77
Envestnet Asset Management
Illinois
$31K -$11.2K -1,482 -26%
CFA
78
Carroll Financial Associates
North Carolina
$27K – – –
TCM
79
Tradewinds Capital Management
Washington
$21K – – –
HNB
80
Huntington National Bank
Ohio
$17K – – –
ASN
81
Advisory Services Network
Georgia
$17K +$3.77K +500 +28%
First Manhattan
82
First Manhattan
New York
$14K – – –
NFG
83
Next Financial Group
Texas
$13K +$9.49K +1,260 +280%
Citigroup
84
Citigroup
New York
$7K – – –
FANJ
85
Financial Architects (New Jersey)
New Jersey
$7K – – –
GT
86
Glenmede Trust
Pennsylvania
$7K – – –
JIC
87
Joel Isaacson & Co
New York
$7K – – –
BBPWM
88
Blue Bell Private Wealth Management
Pennsylvania
$6K – – –
Toronto Dominion Bank
89
Toronto Dominion Bank
Ontario, Canada
$4K +$3.78K +502 New
IA
90
IFP Advisors
Florida
$3K -$3.16K -420 -52%
TRCT
91
Tower Research Capital (TRC)
New York
$2K +$2.26K +300 New
EWM
92
Elite Wealth Management
Washington
$1K +$844 +112 New
LVP
93
Limestone Value Partners
Texas
– -$762K -100,000 Closed
Stifel Financial
94
Stifel Financial
Missouri
– -$138K -18,911 Closed
Deutsche Bank
95
Deutsche Bank
Germany
– -$113K -15,630 Closed
CSIC
96
Clifford Swan Investment Counsel
California
– -$111K -15,250 Closed
WSTAM
97
Wilbanks Smith & Thomas Asset Management
Virginia
– -$74K -10,150 Closed
WAM
98
Wolverine Asset Management
Illinois
– -$46K -6,419 Closed
Barclays
99
Barclays
United Kingdom
– -$38K -5,192 Closed
BCMIO
100
Beacon Capital Management Inc (Ohio)
Ohio
– -$9K -1,250 Closed
1 2 3
4

PSLV Hedge Fund Activity: Q3 2016 in Review

91 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q3 2016, worth a combined $74.3M — down 26% from $101M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new PSLV positions and 8 closed out — a net gain of 5 holders — while 29 added to existing stakes and 16 trimmed.

The largest buyer was Wells Fargo, adding an estimated $326K. The largest seller was Federated Hermes, cutting an estimated $6.78M.

  • 91 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q3 2016, up from 86 in Q2 2016.
  • Funds reported $74.3M of Sprott Physical Silver Trust stock for Q3 2016, down 26% quarter-over-quarter.
  • 13 funds opened new Sprott Physical Silver Trust positions in Q3 2016 and 8 closed out, a net change of +5 holders.
  • The largest Sprott Physical Silver Trust buyer in Q3 2016 was Wells Fargo, an estimated $326K added.
  • The largest Sprott Physical Silver Trust seller in Q3 2016 was Federated Hermes, an estimated $6.78M sold.

Based on aggregated 13F filings for Q3 2016.