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Sprott Physical Silver Trust

87 hedge funds and large institutions have $57.2M invested in Sprott Physical Silver Trust in 2015 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

89% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 9

45% more capital invested

Capital invested by funds: $39.4M → $57.2M (+$17.8M)

9% more funds holding

Funds holding: 8087 (+7)

0.73% more ownership

Funds ownership: 5.4%6.13% (+0.73%)

10% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 20

Holders
87
Holders Change
+7
Holders Change %
+8.75%
% of All Funds
2.28%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
17
Increased
18
Reduced
20
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SAC
1
Smith Affiliated Capital
New York
$15.8M
Morgan Stanley
2
Morgan Stanley
New York
$7.57M -$305K -53,477 -4%
PAMP
3
Polar Asset Management Partners
Ontario, Canada
$5.15M +$3.7M +649,965 +198%
LPL Financial
4
LPL Financial
California
$3.67M +$1.98M +347,847 +102%
SI
5
Sprott Inc
Ontario, Canada
$2.98M +$228K +40,000 +8%
HighTower Advisors
6
HighTower Advisors
Illinois
$2.54M -$612K -107,518 -18%
ECM
7
Evergreen Capital Management
Washington
$1.88M -$62.2K -10,920 -3%
CS
8
Credit Suisse
Switzerland
$1.47M
RJFSA
9
Raymond James Financial Services Advisors
Florida
$1.26M +$397K +69,690 +41%
CAN
10
Cetera Advisor Networks
California
$1.05M -$7.12K -1,250 -0.6%
LTFS
11
Ladenburg Thalmann Financial Services
Florida
$1.03M +$932K +163,659 +522%
BA
12
BlackRock Advisors
Delaware
$988K
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$893K -$30.1K -5,290 -3%
VF
14
Virtu Financial
New York
$880K +$565K +99,179 +147%
PAG
15
Private Advisor Group
New Jersey
$867K -$50.3K -8,832 -5%
RJA
16
Raymond James & Associates
Florida
$584K +$7.18K +1,260 +1%
LVP
17
Limestone Value Partners
Texas
$534K +$570K +100,000 New
LFR
18
Lehman Financial Resources
Pennsylvania
$486K
Mariner
19
Mariner
Kansas
$445K
PP
20
Paloma Partners
Connecticut
$396K -$142K -25,000 -25%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$368K +$27.3K +4,800 +7%
PHS
22
Pekin Hardy Strauss
Illinois
$335K +$3.42K +600 +1%
Jane Street
23
Jane Street
New York
$321K +$347K +61,001 New
Wells Fargo
24
Wells Fargo
California
$306K -$51.7K -9,073 -14%
NPC
25
National Planning Corporation
California
$299K +$73.3K +12,874 +33%

PSLV Hedge Fund Activity: Q4 2015 in Review

87 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q4 2015, worth a combined $57.2M — up 45% from $39.4M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PSLV positions and 9 closed out — a net gain of 8 holders — while 18 added to existing stakes and 20 trimmed.

The largest buyer was Polar Asset Management Partners, adding an estimated $3.7M. The largest seller was Equinox Partners Investment Management, exiting entirely with an estimated $853K sold.

  • 87 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q4 2015, up from 80 in Q3 2015.
  • Funds reported $57.2M of Sprott Physical Silver Trust stock for Q4 2015, up 45% quarter-over-quarter.
  • 17 funds opened new Sprott Physical Silver Trust positions in Q4 2015 and 9 closed out, a net change of +8 holders.
  • The largest Sprott Physical Silver Trust buyer in Q4 2015 was Polar Asset Management Partners, an estimated $3.7M added.
  • The largest Sprott Physical Silver Trust seller in Q4 2015 was Equinox Partners Investment Management, an estimated $853K sold.

Based on aggregated 13F filings for Q4 2015.