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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
+$3M |
| 2 |
Ninety One (UK)
London,
United Kingdom
|
+$2.39M |
| 3 |
TYCC
Texas Yale Capital Corp
St. Petersburg,
Florida
|
+$1.79M |
| 4 |
HPCM
High Pointe Capital Management
Chicago,
Illinois
|
+$382K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$333K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
-$7.04M |
| 2 |
OFG
OTA Financial Group
Purchase,
New York
|
-$4.37M |
| 3 |
ICM
Ionic Capital Management
New York
|
-$1.67M |
| 4 |
Jane Street
New York
|
-$1.24M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$1.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIC
101
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$27K | -4,900 | Closed |
|
|
IA
102
IFP Advisors
Tampa,
Florida
| – | -$18K | -3,304 | Closed |
|
|
VCM
103
Vigilant Capital Management
Portland,
Maine
| – | -$10K | -1,700 | Closed |
|
104
BlackRock
New York
| – | -$2K | -270 | Closed |
|
|
EFSCE
105
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| – | +$283 | +50 | New |
|
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.