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Sprott Physical Silver Trust

85 hedge funds and large institutions have $73.2M invested in Sprott Physical Silver Trust in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.25% more ownership

Funds ownership: 6.94%8.19% (+1.3%)

9% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 22

1% less capital invested

Capital invested by funds: $74.3M → $73.2M (-$1.1M)

7% less funds holding

Funds holding: 9185 (-6)

24% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 17

Holders
85
Holders Change
-6
Holders Change %
-6.59%
% of All Funds
2.13%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
13
Increased
24
Reduced
22
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PAMP
1
Polar Asset Management Partners
Ontario, Canada
$12.9M +$5.52M +841,594 +66%
Morgan Stanley
2
Morgan Stanley
New York
$8.4M -$750K -114,473 -8%
PP
3
Paloma Partners
Connecticut
$4.71M +$164K +25,000 +3%
ICM
4
Ionic Capital Management
New York
$3.75M -$81.6K -12,453 -2%
Federated Hermes
5
Federated Hermes
Pennsylvania
$3.65M +$3.28M +500,000 +500%
RJFSA
6
Raymond James Financial Services Advisors
Florida
$3.49M +$1.12M +171,136 +42%
LPL Financial
7
LPL Financial
California
$3.4M +$523K +79,740 +17%
HighTower Advisors
8
HighTower Advisors
Illinois
$3.14M -$235K -35,886 -6%
Wells Fargo
9
Wells Fargo
California
$2.7M -$455K -69,375 -13%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$1.94M +$927K +141,365 +79%
PCP
11
Proficio Capital Partners
Massachusetts
$1.77M +$1.91M +291,400 New
Bank of New York Mellon
12
Bank of New York Mellon
New York
$1.66M +$3.93K +600 +0.2%
AI
13
ArchPoint Investors
Florida
$1.52M
CAN
14
Cetera Advisor Networks
California
$1.49M +$4.81K +734 +0.3%
DI
15
Diligent Investors
California
$1.39M +$423K +64,571 +310%
ECM
16
Evergreen Capital Management
Washington
$1.35M -$775K -118,230 -35%
OFG
17
OTA Financial Group
New York
$1.32M +$1.42M +216,866 New
BA
18
BlackRock Advisors
Delaware
$1.14M
RJA
19
Raymond James & Associates
Florida
$1.08M +$179K +27,325 +18%
VF
20
Virtu Financial
New York
$1.02M +$426K +64,948 +63%
SI
21
Sprott Inc
Ontario, Canada
$978K -$131K -20,000 -11%
Bank of Montreal
22
Bank of Montreal
Ontario, Canada
$705K -$1.31K -200 -0.2%
TYCC
23
Texas Yale Capital Corp
Florida
$699K +$754K +115,000 New
TCT
24
TIAA CREF Trust
Missouri
$660K
Mariner
25
Mariner
Kansas
$513K -$11.5K -1,750 -2%

PSLV Hedge Fund Activity: Q4 2016 in Review

85 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q4 2016, worth a combined $73.2M — down 1.5% from $74.3M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of PSLV and 13 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 24 added.

The largest buyer was Polar Asset Management Partners, adding an estimated $5.52M. The largest seller was Evergreen Capital Management, cutting an estimated $775K.

  • 85 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q4 2016, down from 91 in Q3 2016.
  • Funds reported $73.2M of Sprott Physical Silver Trust stock for Q4 2016, down 1.5% quarter-over-quarter.
  • 13 funds opened new Sprott Physical Silver Trust positions in Q4 2016 and 17 closed out, a net change of -4 holders.
  • The largest Sprott Physical Silver Trust buyer in Q4 2016 was Polar Asset Management Partners, an estimated $5.52M added.
  • The largest Sprott Physical Silver Trust seller in Q4 2016 was Evergreen Capital Management, an estimated $775K sold.

Based on aggregated 13F filings for Q4 2016.