Vault-13

SPROTT PHYSICAL GOLD TR PHYS

UNIT · Closed-End Fund · CUSIP 85207H104

652 institutional holders -26 vs Q1 2026
148,797,243148.8m shares reported held*
$4.5bnreported value*
38 new 199 added 191 reduced 61 sold out net bought ≈ $376.9m (+12.5m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $30.19. Options: 1 managers hold calls ($654.7k notional), 1 hold puts ($383.2k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 367Q4 22: 385Q1 23: 389Q2 23: 384Q3 23: 391Q4 23: 405Q1 24: 411Q2 24: 434Q3 24: 467Q4 24: 494Q1 25: 541Q2 25: 559Q3 25: 582Q4 25: 639Q1 26: 678Q2 26: 652652Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022367
Q4 2022385
Q1 2023389
Q2 2023384
Q3 2023391
Q4 2023405
Q1 2024411
Q2 2024434
Q3 2024467
Q4 2024494
Q1 2025541
Q2 2025559
Q3 2025582
Q4 2025639
Q1 2026678
Q2 2026652

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q3 24: 179 bought or addedQ3 24: 143 cut or sold outQ4 24: 190 bought or addedQ4 24: 147 cut or sold outQ4 24Q1 25: 237 bought or addedQ1 25: 173 cut or sold outQ2 25: 217 bought or addedQ2 25: 209 cut or sold outQ2 25Q3 25: 247 bought or addedQ3 25: 162 cut or sold outQ4 25: 246 bought or addedQ4 25: 220 cut or sold outQ4 25Q1 26: 280 bought or addedQ1 26: 255 cut or sold outQ2 26: 237 bought or addedQ2 26: 252 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024179143
Q4 2024190147
Q1 2025237173
Q2 2025217209
Q3 2025247162
Q4 2025246220
Q1 2026280255
Q2 2026237252

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $1.4mQ1 26 puts: $613.1kQ1 26P/C 0.43Q2 26 calls: $654.7kQ2 26 puts: $383.2kQ2 26P/C 0.59
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$1.4m$613.1k0.43
Q2 2026$654.7k$383.2k0.59

Biggest buyers

Pekin Hardy Strauss, Inc. New +4,460,932+4.5m
Cambridge Investment Research Advisors, Inc. Added +3,150,395+3.2m
Weiss Asset Management LP Added +1,127,546+1.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +867,637+867.6k
JPMORGAN CHASE & CO Added +819,841+819.8k
IMC-Chicago, LLC Added +801,098+801.1k
Kestra Advisory Services, LLC Added +633,760+633.8k
Intesa Sanpaolo Wealth Management Added +573,456+573.5k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +552,431+552.4k
WIT Partners Advisory Pte. Ltd. Added +459,950+459.9k

Biggest sellers

JANE STREET GROUP, LLC Reduced -651,449-651.4k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -449,335-449.3k
Vident Advisory, LLC Sold out -445,593-445.6k
SCOTIA CAPITAL INC. Reduced -375,459-375.5k
MORGAN STANLEY Reduced -295,553-295.6k
Blueprint Investment Partners LLC Reduced -273,896-273.9k
Blueprint Financial Advisors LLC Reduced -273,896-273.9k
SMI Advisory Services, LLC Reduced -240,819-240.8k
LexAurum Advisors, LLC Reduced -175,167-175.2k
NATIONAL BANK OF CANADA /FI/ Reduced -169,904-169.9k

Biggest calls

SIG North Trading, ULC Reduced $654.7k21.7k shares

Biggest puts

SIG North Trading, ULC Reduced $383.2k12.7k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 9,287,0929.3m $280.2m $280.2m 0.05% Added +222.0k +222,049
2 Cambridge Investment Research Advisors, Inc. 0.21% of their portfolio FAIRFIELD, IA 6,232,7246.2m $188.0m $188.0m 0.21% Added +3.2m +3,150,395
3 CENTRAL TRUST Co 3.21% of their portfolio JEFFERSON CITY, MO 5,891,7855.9m $177.8m $177.8m 3.21% Added +349.1k +349,130
4 Federation des caisses Desjardins du Quebec 0.54% of their portfolio LEVIS, A8 5,889,4285.9m $177.2m $177.2m 0.54% Added +68.1k +68,101
5 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,242,2095.2m $158.2m $158.2m 0.01% Reduced -295.6k -295,553
6 Heritage Wealth Advisors 4.87% of their portfolio RICHMOND, VA 4,706,6404.7m $142.0m $142.0m 4.87% Reduced -87.8k -87,815
7 Pekin Hardy Strauss, Inc. 11.86% of their portfolio CHICAGO, IL 4,460,9324.5m $134.6m $134.6m 11.86% New
8 Evanson Financial, LLC 5.31% of their portfolio MCLEAN, VA 3,598,7923.6m $108.6m $108.6m 5.31% First filing
9 JUPITER ASSET MANAGEMENT LTD 0.52% of their portfolio London, X0 3,426,2603.4m $103.8m $103.8m 0.52% Added +156.0k +155,987
10 IMC-Chicago, LLC 0.90% of their portfolio CHICAGO, IL 3,250,3163.3m $98.1m $98.1m 0.90% Added +801.1k +801,098
11 CAPTRUST FINANCIAL ADVISORS 0.12% of their portfolio RALEIGH, NC 2,536,7302.5m $76.5m $76.5m 0.12% Added +4.8k +4,790
12 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,315,8402.3m $69.9m $69.9m 0.02% Reduced -45.8k -45,758
13 Bleakley Financial Group, LLC 0.86% of their portfolio PARSIPPANY, NJ 2,234,1442.2m $67.4m $67.4m 0.86% Added +14.3k +14,328
14 MATAURO, LLC 8.46% of their portfolio NEW YORK, NY 2,119,8542.1m $64.0m $64.0m 8.46% Added +54.4k +54,436
15 SPROTT INC. 2.05% of their portfolio TORONTO, A6 2,054,0432.1m $62.0m $62.0m 2.05% Reduced -55.4k -55,445
16 Kestra Advisory Services, LLC 0.19% of their portfolio AUSTIN, TX 1,980,9532.0m $59.8m $59.8m 0.19% Added +633.8k +633,760
17 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,976,9952.0m $59.6m $59.6m 0.02% Reduced -30.1k -30,135
18 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,711,8641.7m $51.6m $51.6m 0.01% Reduced -91.5k -91,524
19 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,680,6321.7m $50.7m $50.7m 0.01% Reduced -91.8k -91,773
20 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 1,658,2461.7m $50.0m $50.0m 0.05% Reduced -68.5k -68,543
21 SouthState Bank Corp 2.08% of their portfolio Winter Haven, FL 1,651,1381.7m $49.8m $49.8m 2.08% Reduced -84.3k -84,299
22 Weiss Asset Management LP 0.54% of their portfolio BOSTON, MA 1,611,6471.6m $48.6m $48.6m 0.54% Added +1.1m +1,127,546
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,525,0661.5m $46.0m $46.0m 0.00% Added +169.3k +169,317
24 Beacon Pointe Advisors, LLC 0.21% of their portfolio NEWPORT BEACH, CA 1,510,7021.5m $45.6m $45.6m 0.21% Reduced -45.6k -45,612
25 Forest Hill Capital, LLC 33.63% of their portfolio LITTLE ROCK, AR 1,448,5001.4m $43.7m $43.7m 33.63% Unchanged
26 WIT Partners Advisory Pte. Ltd. 19.85% of their portfolio SINGAPORE, U0 1,401,1701.4m $42.3m $42.3m 19.85% Added +459.9k +459,950
27 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 1,397,0711.4m $42.1m $42.1m 0.04% Added +111.2k +111,165
28 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 1,384,3951.4m $41.8m $41.8m 0.05% Reduced -45.8k -45,826
29 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 1,352,0071.4m $40.8m $40.8m 0.02% Added +552.4k +552,431
30 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 1,135,8381.1m $34.3m $34.3m 0.04% Added +320.3k +320,321
31 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,109,6281.1m $33.6m $33.6m 0.00% Added +819.8k +819,841
32 Intesa Sanpaolo Wealth Management 6.50% of their portfolio LUXEMBOURG, N4 1,076,7051.1m $32.5m $32.5m 6.50% Added +573.5k +573,456
33 3EDGE Asset Management, LP 1.41% of their portfolio Naples, FL 1,046,3691.0m $31.6m $31.6m 1.41% Added +183.0k +183,001
34 Capital Wealth Alliance, LLC 13.55% of their portfolio Scottsdale, AZ 967,562967.6k $29.2m $29.2m 13.55% Added +11.0k +10,996
35 Auxano Advisors, LLC 5.32% of their portfolio BELLEVUE, WA 929,843929.8k $28.1m $28.1m 5.32% Reduced -77.9k -77,894
36 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 904,630904.6k $27.3m $27.3m 0.02% Added +867.6k +867,637
37 SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC 4.87% of their portfolio MINNEAPOLIS, MN 845,580845.6k $25.5m $25.5m 4.87% Reduced -7.7k -7,725
38 VAN DEN BERG MANAGEMENT I, INC 5.29% of their portfolio AUSTIN, TX 829,987830.0k $25.0m $25.0m 5.29% Reduced -5.0k -4,974
39 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 818,688818.7k $24.7m $24.7m 0.00% Reduced -14.2k -14,155
40 CIBC WORLD MARKET INC. 0.04% of their portfolio TORONTO, A6 811,023811.0k $24.5m $24.5m 0.04% Added +86.5k +86,529
41 Tidal Investments LLC 0.06% of their portfolio Milwaukee, WI 774,770774.8k $23.4m $23.4m 0.06% Added +320.3k +320,296
42 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 773,714773.7k $23.3m $23.3m 0.01% Added +10.8k +10,758
43 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 764,656764.7k $23.1m $23.1m 0.02% Reduced -93.7k -93,683
44 TCP Asset Management, LLC 2.57% of their portfolio Upper Arlington, OH 751,464751.5k $22.7m $22.7m 2.57% Added +93.5k +93,548
45 Basepoint Wealth LLC 12.62% of their portfolio CEDAR RAPIDS, IA 730,965731.0k $22.1m $22.1m 12.62% Reduced -57.4k -57,352
46 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 724,931724.9k $21.9m $21.9m 0.01% Reduced -651.4k -651,449
47 Integrated Wealth Concepts LLC 0.10% of their portfolio WALTHAM, MA 669,243669.2k $20.2m $20.2m 0.10% Added +31.7k +31,701
48 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 662,675662.7k $20.5m $20.5m 0.03% Reduced -449.3k -449,335
49 LEAVELL INVESTMENT MANAGEMENT, INC. 0.69% of their portfolio MOBILE, AL 623,701623.7k $18.8m $18.8m 0.69% Added +22.0k +21,998
50 Cannell & Spears LLC 0.33% of their portfolio NEW YORK, NY 617,290617.3k $18.6m $18.6m 0.33% Unchanged
51 Marex Group Ltd 0.14% of their portfolio London, X0 613,413613.4k $18.5m $18.5m 0.14% Reduced -21.6k -21,643
52 O'Brien Greene & Co. Inc 4.92% of their portfolio MEDIA, PA 591,138591.1k $17.8m $17.8m 4.92% Added +9.7k +9,722
53 Private Advisor Group, LLC 0.08% of their portfolio MORRISTOWN, NJ 583,775583.8k $17.6m $17.6m 0.08% Reduced -54.8k -54,819
54 Cyndeo Wealth Partners, LLC 0.83% of their portfolio ST. PETERSBURG, FL 583,054583.1k $17.6m $17.6m 0.83% Added +20.0k +19,956
55 Kingsview Wealth Management, LLC 0.21% of their portfolio GRANTS PASS, OR 578,626578.6k $17.5m $17.5m 0.21% Added +42.1k +42,123
56 Wealthcare Advisory Partners LLC 0.31% of their portfolio WEST CHESTER, PA 545,634545.6k $16.5m $16.5m 0.31% Added +6.6k +6,593
57 Meixler Investment Management, Ltd. 9.07% of their portfolio SHOW LOW, AZ 544,154544.2k $16.4m $16.4m 9.07% Reduced -4.6k -4,590
58 FIDELIS CAPITAL PARTNERS, LLC 0.95% of their portfolio TAMPA, FL 543,915543.9k $16.4m $16.4m 0.95% Unchanged
59 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 522,965523.0k $15.6m $15.6m 0.01% Reduced -169.9k -169,904
60 BIP Wealth, LLC 0.44% of their portfolio ATLANTA, GA 515,018515.0k $15.5m $15.5m 0.44% Added +8.3k +8,296
61 TD Waterhouse Canada Inc. 0.04% of their portfolio TORONTO, A6 497,860497.9k $15.1m $15.1m 0.04% Added +36.4k +36,385
62 Laird Norton Wetherby Trust Company, LLC 0.29% of their portfolio Seattle, WA 496,231496.2k $15.0m $15.0m 0.29% Reduced -45.8k -45,782
63 K.J. Harrison & Partners Inc 2.10% of their portfolio TORONTO, A6 492,118492.1k $14.8m $14.8m 2.10% Reduced -13.2k -13,160
64 JOHNSON INVESTMENT COUNSEL INC 0.11% of their portfolio Cincinnati, OH 477,408477.4k $14.4m $14.4m 0.11% Added +20.7k +20,736
65 Sanctuary Advisors, LLC 0.07% of their portfolio INDIANAPOLIS, IN 475,285475.3k $14.3m $14.3m 0.07% Added +8.2k +8,176
66 Prospera Financial Services Inc 0.21% of their portfolio Dallas, TX 472,542472.5k $14.3m $14.3m 0.21% Reduced -17.2k -17,234
67 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 468,513468.5k $14.1m $14.1m 0.02% Reduced -12.5k -12,488
68 Mountain Lake Investment Management LLC 8.58% of their portfolio SAN FRANCISCO, CA 456,819456.8k $13.8m $13.8m 8.58% Added +6.5k +6,475
69 WEALTHCARE CAPITAL MANAGEMENT LLC 1.30% of their portfolio RICHMOND, VA 455,668455.7k $13.7m $13.7m 1.30% Reduced -13.9k -13,891
70 Essential Partners LLC 6.05% of their portfolio RANCHO SANTA FE, CA 435,188435.2k $13.1m $13.1m 6.05% Added +15.3k +15,336
71 HENGEHOLD CAPITAL MANAGEMENT LLC 1.02% of their portfolio CINCINNATI, OH 434,486434.5k $13.1m $13.1m 1.02% Reduced -8.8k -8,795
72 Essex Financial Services, Inc. 0.61% of their portfolio ESSEX, CT 407,507407.5k $12.3m $12.3m 0.61% Added +2.5k +2,480
73 Asset One Wealth Management LLC 1.29% of their portfolio BELLEVUE, WA 400,299400.3k $12.2m $12.2m 1.29% Added +27.0k +27,014
74 Global Endowment Management, LP 1.21% of their portfolio CHARLOTTE, NC 396,000396.0k $11.9m $11.9m 1.21% Unchanged
75 Harbour Wealth Management Group, Inc. 7.91% of their portfolio DANIEL ISLAND, SC 388,111388.1k $11.7m $11.7m 7.91% Added +217 +217
76 Knoll Capital Management, LLC 6.51% of their portfolio MIAMI, FL 387,055387.1k $11.7m $11.7m 6.51% Unchanged
77 Farther Finance Advisors, LLC 0.09% of their portfolio SAN FRANCISCO, CA 382,275382.3k $11.5m $11.5m 0.09% Added +3.4k +3,397
78 Accordant Advisory Group Inc 7.73% of their portfolio ANNAPOLIS, MD 380,102380.1k $11.5m $11.5m 7.73% Added +1.4k +1,410
79 TRANSCEND CAPITAL ADVISORS, LLC 0.77% of their portfolio MADISON, NJ 376,280376.3k $11.4m $11.4m 0.77% Added +3.1k +3,106
80 SCOTIA CAPITAL INC. 0.04% of their portfolio TORONTO, A6 374,791374.8k $11.7m $11.7m 0.04% Reduced -375.5k -375,459
81 Guild Investment Management, Inc. 7.58% of their portfolio WESTLAKE VILLAGE, CA 367,845367.8k $11.1m $11.1m 7.58% Added +5.0k +4,975
82 Summit Financial, LLC 0.12% of their portfolio PARSIPPANY, NJ 360,966361.0k $10.9m $10.9m 0.12% Reduced -38.3k -38,345
83 Ancora Advisors LLC 0.20% of their portfolio Cleveland, OH 347,907347.9k $10.5m $10.5m 0.20% Reduced -25 -25
84 Kera Capital Partners, Inc. 1.00% of their portfolio SACRAMENTO, CA 345,748345.7k $10.4m $10.4m 1.00% Reduced -15.6k -15,632
85 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.04% of their portfolio CHARLOTTE, NC 342,711342.7k $10.3m $10.3m 0.04% Reduced -32.9k -32,856
86 Ameritas Advisory Services, LLC 0.20% of their portfolio Lincoln, NE 335,233335.2k $10.1m $10.1m 0.20% Added +153.0k +152,989
87 Pacific Sage Partners, LLC 1.42% of their portfolio EDMONDS, WA 330,230330.2k $10.0m $10.0m 1.42% Added +2.5k +2,454
88 MAI Capital Management 0.04% of their portfolio INDEPENDENCE, OH 329,709329.7k $9.9m $9.9m 0.04% Added +26.4k +26,405
89 Advisory Services Network, LLC 0.11% of their portfolio ATLANTA, GA 328,219328.2k $9.9m $9.9m 0.11% Reduced -4.1k -4,106
90 TrustWell Financial Advisors, LLC 8.33% of their portfolio Jacksonville, FL 325,214325.2k $9.8m $9.8m 8.33% Reduced -3.8k -3,787
91 INSIGNEO ADVISORY SERVICES, LLC 0.35% of their portfolio MIAMI, FL 309,862309.9k $9.3m $9.3m 0.35% Added +215.6k +215,554
92 PHILADELPHIA TRUST CO 0.59% of their portfolio PHILADELPHIA, PA 303,867303.9k $9.2m $9.2m 0.59% Reduced -702 -702
93 JP Wealth Management, Inc. 5.68% of their portfolio MT. PLEASANT, SC 298,830298.8k $9.0m $9.0m 5.68% Reduced -133.8k -133,780
94 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 294,052294.1k $8.9m $8.9m 0.02% Reduced -4.8k -4,849
95 Phraction Management LLC 2.12% of their portfolio COLCHESTER, CT 290,467290.5k $8.8m $8.8m 2.12% Added +24.0k +24,000
96 Proactive Wealth Strategies LLC 1.39% of their portfolio MARIETTA, GA 287,086287.1k $8.7m $8.7m 1.39% Added +98 +98
97 Foundations Investment Advisors, LLC 0.09% of their portfolio PHOENIX, AZ 276,021276.0k $8.3m $8.3m 0.09% Added +247.9k +247,898
98 Walser Wealth Management Company, A Ltd Liability Co 3.39% of their portfolio TAMPA, FL 270,123270.1k $8.1m $8.1m 3.39% Added +248.0k +247,991
99 MONEY CONCEPTS CAPITAL CORP 0.38% of their portfolio PALM BEACH GARDENS, FL 269,765269.8k $8.1m $8.1m 0.38% Reduced -6.6k -6,580
100 Ausdal Financial Partners, Inc. 0.32% of their portfolio Davenport, IA 267,799267.8k $8.1m $8.1m 0.32% Reduced -5.0k -5,010