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Sprott Physical Silver Trust

86 hedge funds and large institutions have $101M invested in Sprott Physical Silver Trust in 2016 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

68% more capital invested

Capital invested by funds: $60.2M → $101M (+$40.7M)

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

13% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 15

8% more funds holding

Funds holding: 8086 (+6)

2.44% more ownership

Funds ownership: 5.24%7.67% (+2.4%)

Holders
86
Holders Change
+6
Holders Change %
+7.5%
% of All Funds
2.29%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
15
Increased
17
Reduced
15
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
$21.8M
Morgan Stanley
2
Morgan Stanley
New York
$11.2M -$480K -74,583 -5%
PAMP
3
Polar Asset Management Partners
Ontario, Canada
$9.36M +$8.31M +1,290,482 New
Federated Hermes
4
Federated Hermes
Pennsylvania
$7.25M +$6.44M +1,000,000 New
ICM
5
Ionic Capital Management
New York
$5.47M +$4.86M +754,700 New
PP
6
Paloma Partners
Connecticut
$5.44M +$4.83M +750,000 New
HighTower Advisors
7
HighTower Advisors
Illinois
$3.88M +$156K +24,186 +5%
Wells Fargo
8
Wells Fargo
California
$3.41M +$1.21M +188,523 +67%
LPL Financial
9
LPL Financial
California
$3.41M -$2.55M -395,565 -47%
RJFSA
10
Raymond James Financial Services Advisors
Florida
$2.89M +$393K +61,036 +18%
ECM
11
Evergreen Capital Management
Washington
$2.49M -$77.1K -11,975 -3%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$2.09M -$212K -32,942 -10%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$1.88M +$650K +100,880 +64%
AI
14
ArchPoint Investors
Florida
$1.81M +$1.61M +250,000 +71,429%
CAN
15
Cetera Advisor Networks
California
$1.58M +$44.2K +6,868 +3%
BA
16
BlackRock Advisors
Delaware
$1.36M
VF
17
Virtu Financial
New York
$1.15M +$1.02M +158,762 New
SI
18
Sprott Inc
Ontario, Canada
$1.14M +$4.83K +750 +0.5%
RJA
19
Raymond James & Associates
Florida
$985K -$85.4K -13,250 -9%
TCT
20
TIAA CREF Trust
Missouri
$787K +$699K +108,500 New
LVP
21
Limestone Value Partners
Texas
$762K
PWP
22
Private Wealth Partners
California
$725K +$644K +100,000 New
Mariner
23
Mariner
Kansas
$612K
MC
24
Moors & Cabot
Massachusetts
$574K +$402K +62,415 +372%
DCM
25
Dialectic Capital Management
Connecticut
$544K +$483K +75,002 New

PSLV Hedge Fund Activity: Q2 2016 in Review

86 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q2 2016, worth a combined $101M — up 68% from $60.2M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new PSLV positions and 9 closed out — a net gain of 6 holders — while 17 added to existing stakes and 15 trimmed.

The largest buyer was Polar Asset Management Partners, opening a new position worth an estimated $8.31M. The largest seller was LPL Financial, cutting an estimated $2.55M.

  • 86 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q2 2016, up from 80 in Q1 2016.
  • Funds reported $101M of Sprott Physical Silver Trust stock for Q2 2016, up 68% quarter-over-quarter.
  • 15 funds opened new Sprott Physical Silver Trust positions in Q2 2016 and 9 closed out, a net change of +6 holders.
  • The largest Sprott Physical Silver Trust buyer in Q2 2016 was Polar Asset Management Partners, an estimated $8.31M added.
  • The largest Sprott Physical Silver Trust seller in Q2 2016 was LPL Financial, an estimated $2.55M sold.

Based on aggregated 13F filings for Q2 2016.