Sprott Physical Silver Trust
PSLV
76 hedge funds and large institutions have $91M invested in Sprott Physical Silver Trust in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 24 reducing their positions, and 13 closing their positions.
1.22% less ownership
Funds ownership: 7.98% → 6.76% (-1.2%)
6% less funds holding
Funds holding: 81 → 76 (-5)
20% less capital invested
Capital invested by funds: $114M → $91M (-$22.8M)
25% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 24
38% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 13
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.73M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.06M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$993K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$416K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$205K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$6.41M |
| 2 |
PG
Portola Group
San Jose,
California
|
-$2.86M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$2.02M |
| 4 |
AC
Altus Capital
Mayfield Heights,
Ohio
|
-$1.74M |
| 5 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
-$1.47M |
PSLV Hedge Fund Activity: Q1 2014 in Review
76 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q1 2014, worth a combined $91M — down 20% from $114M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of PSLV and 8 opened new positions — a net loss of 5 holders — while 24 trimmed existing stakes and 18 added.
The largest buyer was Morgan Stanley, adding an estimated $5.73M. The largest seller was Goldman Sachs, cutting an estimated $6.41M.
- 76 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q1 2014, down from 81 in Q4 2013.
- Funds reported $91M of Sprott Physical Silver Trust stock for Q1 2014, down 20% quarter-over-quarter.
- 8 funds opened new Sprott Physical Silver Trust positions in Q1 2014 and 13 closed out, a net change of -5 holders.
- The largest Sprott Physical Silver Trust buyer in Q1 2014 was Morgan Stanley, an estimated $5.73M added.
- The largest Sprott Physical Silver Trust seller in Q1 2014 was Goldman Sachs, an estimated $6.41M sold.
Based on aggregated 13F filings for Q1 2014.