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Sprott Physical Silver Trust
PSLV

76 hedge funds and large institutions have $128M invested in Sprott Physical Silver Trust in 2013 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 16

13% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 15

3% more funds holding

Funds holding: 74 → 76 (+2)

2.53% less ownership

Funds ownership: 9.94% → 7.41% (-2.5%)

7% less capital invested

Capital invested by funds: $139M → $128M (-$10M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
76
Holders Change
+2
Holders Change %
+2.7%
% of All Funds
2.46%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
17
Increased
23
Reduced
16
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SI
Sprott Inc
Ontario, Canada
+$3.49M
2
Morgan Stanley
Morgan Stanley
New York
+$3.03M
3
JP Morgan Chase
JP Morgan Chase
New York
+$988K
4
LPL Financial
LPL Financial
California
+$911K
5
PHS
Pekin Hardy Strauss
Illinois
+$899K

Top Sellers

1
WAM
Weiss Asset Management
Massachusetts
-$25M
2
PP
Paloma Partners
Connecticut
-$3.85M
3
DCM
Dialectic Capital Management
Connecticut
-$3.02M
4
PAMP
Polar Asset Management Partners
Ontario, Canada
-$2.48M
5
VF
Virtu Financial
New York
-$770K
Name Holding Trade Value Shares
Change 		Change in
Stake
SAC
1
Smith Affiliated Capital
New York
$46.3M – – –
Morgan Stanley
2
Morgan Stanley
New York
$18.3M +$3.03M +354,800 +20%
Goldman Sachs
3
Goldman Sachs
New York
$11.6M -$516K -60,394 -4%
PG
4
Portola Group
California
$11.3M -$293K -34,300 -3%
SI
5
Sprott Inc
Ontario, Canada
$8.26M +$3.49M +408,750 +76%
AC
6
Altus Capital
Ohio
$3.41M -$256K -30,000 -7%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$2.83M -$89.2K -10,435 -3%
PHS
8
Pekin Hardy Strauss
Illinois
$2.78M +$899K +105,200 +49%
LPL Financial
9
LPL Financial
California
$2.77M +$911K +106,649 +48%
BNP Paribas Financial Markets
10
BNP Paribas Financial Markets
France
$2.35M -$225K -26,375 -9%
PAMP
11
Polar Asset Management Partners
Ontario, Canada
$2.11M -$2.48M -290,380 -55%
BA
12
BlackRock Advisors
Delaware
$1.64M – – –
JP Morgan Chase
13
JP Morgan Chase
New York
$1.3M +$988K +115,579 +341%
PWP
14
Private Wealth Partners
California
$1.15M -$34.2K -4,000 -3%
RJA
15
Raymond James & Associates
Florida
$1.06M +$170K +19,903 +19%
Bank of America
16
Bank of America
North Carolina
$896K +$77.6K +9,076 +10%
Wells Fargo
17
Wells Fargo
California
$710K +$246K +28,737 +55%
HighTower Advisors
18
HighTower Advisors
Illinois
$692K +$360K +42,129 +113%
NPC
19
National Planning Corporation
California
$675K +$261K +30,523 +62%
CAN
20
Cetera Advisor Networks
California
$618K +$604K +70,662 New
Barclays
21
Barclays
United Kingdom
$465K +$497K +58,103 New
VKH
22
Virtu KCG Holdings
New York
$329K +$322K +37,729 New
WA
23
WFG Advisors
Texas
$327K +$2.14K +250 +0.7%
HH
24
Hilltop Holdings
Texas
$311K – – –
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$294K +$180K +21,059 +167%
1
2 3 4

PSLV Hedge Fund Activity: Q3 2013 in Review

76 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q3 2013, worth a combined $128M — down 7.3% from $139M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PSLV positions and 15 closed out — a net gain of 2 holders — while 23 added to existing stakes and 16 trimmed.

The largest buyer was Sprott Inc, adding an estimated $3.49M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $25M sold.

  • 76 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q3 2013, up from 74 in Q2 2013.
  • Funds reported $128M of Sprott Physical Silver Trust stock for Q3 2013, down 7.3% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Silver Trust positions in Q3 2013 and 15 closed out, a net change of +2 holders.
  • The largest Sprott Physical Silver Trust buyer in Q3 2013 was Sprott Inc, an estimated $3.49M added.
  • The largest Sprott Physical Silver Trust seller in Q3 2013 was Weiss Asset Management, an estimated $25M sold.

Based on aggregated 13F filings for Q3 2013.