Sprott
SII
185 hedge funds and large institutions have $911M invested in Sprott in 2025 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 57 increasing their positions, 53 reducing their positions, and 19 closing their positions.
691% more call options, than puts
Call options by funds: $68M | Put options by funds: $8.61M
86% more capital invested
Capital invested by funds: $490M → $911M (+$421M)
74% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 19
8.79% more ownership
Funds ownership: 42.33% → 51.12% (+8.8%)
8% more funds holding
Funds holding: 172 → 185 (+13)
8% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 53
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
+$40.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$23.3M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$22.8M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$20.2M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$16.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$13.4M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$12.4M |
| 3 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$9.95M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$8.13M |
| 5 |
RA
Royce & Associates
New York
|
-$7.5M |
SII Hedge Fund Activity: Q2 2025 in Review
185 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Sprott (SII) for Q2 2025, worth a combined $911M — up 86% from $490M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new SII positions and 19 closed out — a net gain of 14 holders — while 57 added to existing stakes and 53 trimmed.
The largest buyer was Mawer Investment Management, opening a new position worth an estimated $40.6M. The largest seller was Waratah Capital Advisors, cutting an estimated $13.4M.
- 185 institutional investors held Sprott (SII) as of Q2 2025, up from 172 in Q1 2025.
- Funds reported $911M of Sprott stock for Q2 2025, up 86% quarter-over-quarter.
- 33 funds opened new Sprott positions in Q2 2025 and 19 closed out, a net change of +14 holders.
- The largest Sprott buyer in Q2 2025 was Mawer Investment Management, an estimated $40.6M added.
- The largest Sprott seller in Q2 2025 was Waratah Capital Advisors, an estimated $13.4M sold.
Based on aggregated 13F filings for Q2 2025.