Sprott Physical Silver Trust
PSLV
81 hedge funds and large institutions have $114M invested in Sprott Physical Silver Trust in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 16 increasing their positions, 30 reducing their positions, and 10 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
7% more funds holding
Funds holding: 76 → 81 (+5)
0.57% more ownership
Funds ownership: 7.41% → 7.98% (+0.57%)
11% less capital invested
Capital invested by funds: $128M → $114M (-$14.7M)
47% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$11.5M |
| 2 |
OFG
OTA Financial Group
Purchase,
New York
|
+$3.41M |
| 3 |
MLIM
Mountain Lake Investment Management
Boca Raton,
Florida
|
+$2.04M |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$1.45M |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$852K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.76M |
| 2 |
Goldman Sachs
New York
|
-$4.32M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.69M |
| 4 |
PG
Portola Group
San Jose,
California
|
-$847K |
| 5 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
-$754K |
PSLV Hedge Fund Activity: Q4 2013 in Review
81 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q4 2013, worth a combined $114M — down 11% from $128M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PSLV positions and 10 closed out — a net gain of 5 holders — while 16 added to existing stakes and 30 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $11.5M. The largest seller was Morgan Stanley, cutting an estimated $5.76M.
- 81 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q4 2013, up from 76 in Q3 2013.
- Funds reported $114M of Sprott Physical Silver Trust stock for Q4 2013, down 11% quarter-over-quarter.
- 15 funds opened new Sprott Physical Silver Trust positions in Q4 2013 and 10 closed out, a net change of +5 holders.
- The largest Sprott Physical Silver Trust buyer in Q4 2013 was JP Morgan Chase, an estimated $11.5M added.
- The largest Sprott Physical Silver Trust seller in Q4 2013 was Morgan Stanley, an estimated $5.76M sold.
Based on aggregated 13F filings for Q4 2013.