Vault-13

SPROTT ETF TRUST SGDM

GOLD MINERS ETF · ETP · CUSIP 85210B102

109 institutional holders +15 vs Q2 2025
2,765,8862.8m shares reported held*
$171.5mreported value*
25 new 23 added 25 reduced 6 sold out net bought ≈ $19.8m (+316.7k 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. Holder counts are more reliable. Implied quarter-end price ≈ $61.99. Options: 3 managers hold calls ($880.4k notional), 2 hold puts ($310.0k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 56Q4 22: 59Q1 23: 70Q2 23: 62Q3 23: 57Q4 23: 63Q1 24: 62Q2 24: 68Q3 24: 75Q4 24: 77Q1 25: 79Q2 25: 94Q3 25: 109109Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202256
Q4 202259
Q1 202370
Q2 202362
Q3 202357
Q4 202363
Q1 202462
Q2 202468
Q3 202475
Q4 202477
Q1 202579
Q2 202594
Q3 2025109

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 23: 26 bought or addedQ4 23: 27 cut or sold outQ1 24: 21 bought or addedQ1 24: 32 cut or sold outQ1 24Q2 24: 23 bought or addedQ2 24: 25 cut or sold outQ3 24: 23 bought or addedQ3 24: 29 cut or sold outQ3 24Q4 24: 27 bought or addedQ4 24: 29 cut or sold outQ1 25: 29 bought or addedQ1 25: 27 cut or sold outQ1 25Q2 25: 36 bought or addedQ2 25: 30 cut or sold outQ3 25: 48 bought or addedQ3 25: 31 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232627
Q1 20242132
Q2 20242325
Q3 20242329
Q4 20242729
Q1 20252927
Q2 20253630
Q3 20254831

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ4 24 calls: $8.3kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $284.6kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $705.7kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $880.4kQ3 25 puts: $310.0kQ3 25P/C 0.35
Numbers
QuarterCallsPutsP/C
Q4 2024$8.3k$00.00
Q1 2025$284.6k$00.00
Q2 2025$705.7k$00.00
Q3 2025$880.4k$310.0k0.35

Biggest buyers

Cetera Investment Advisers Added +51,715+51.7k
OSAIC HOLDINGS, INC. Added +38,499+38.5k
MML INVESTORS SERVICES, LLC Added +37,003+37.0k
D.A. DAVIDSON & CO. New +26,613+26.6k
LPL Financial LLC Added +26,085+26.1k
UNITED CAPITAL FINANCIAL ADVISORS, LLC New +21,626+21.6k
CITADEL ADVISORS LLC Added +19,601+19.6k
Beacon Pointe Advisors, LLC New +19,353+19.4k
RAYMOND JAMES FINANCIAL INC Added +16,563+16.6k
SPROTT INC. Added +15,990+16.0k

Biggest sellers

ROYAL BANK OF CANADA Reduced -29,367-29.4k
FLP Wealth Management, LLC Sold out -16,678-16.7k
New Harbor Financial Group, LLC Reduced -11,079-11.1k
BANK OF AMERICA CORP /DE/ Reduced -10,588-10.6k
BAROMETER CAPITAL MANAGEMENT INC. Reduced -7,400-7.4k
OLD MISSION CAPITAL LLC Sold out -6,912-6.9k
Auxano Advisors, LLC Reduced -3,642-3.6k
AMERIPRISE FINANCIAL INC Reduced -2,560-2.6k
U.S. Capital Wealth Advisors, LLC Reduced -2,437-2.4k
WELLS FARGO & COMPANY/MN Reduced -1,780-1.8k

Biggest calls

CITADEL ADVISORS LLC Added $452.6k7.3k shares
Belvedere Trading LLC Reduced $409.2k6.6k shares
GROUP ONE TRADING LLC Unchanged $18.6k300 shares

Biggest puts

CITADEL ADVISORS LLC New $204.6k3.3k shares
Belvedere Trading LLC New $105.4k1.7k 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.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 UBS Group AG 0.00% of their portfolio ZURICH, V8 339,233339.2k $21.0m $21.0m 0.00% Added +13.7k +13,743
2 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 292,044292.0k $18.1m $18.1m 0.02% Added +51.7k +51,715
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 251,828251.8k $15.6m $15.6m 0.00% Added +9.2k +9,221
4 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 188,115188.1k $11.7m $11.7m 0.02% Reduced -1.7k -1,684
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 153,841153.8k $9.5m $9.5m 0.00% Reduced -10.6k -10,588
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 120,172120.2k $7.5m $7.5m 0.00% Added +26.1k +26,085
7 Auxano Advisors, LLC 1.24% of their portfolio BELLEVUE, WA 94,08594.1k $5.8m $5.8m 1.24% Reduced -3.6k -3,642
8 Riggs Asset Managment Co. Inc. 1.24% of their portfolio DALLAS, PA 92,12692.1k $5.7m $5.7m 1.24% Reduced -771 -771
9 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 84,68184.7k $4.9m $4.9m 0.01% Added +38.5k +38,499
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 83,41083.4k $5.2m $5.2m 0.00% Reduced -1.8k -1,780
11 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 81,44881.4k $5.0m $5.0m 0.00% Added +16.6k +16,563
12 New Harbor Financial Group, LLC 0.67% of their portfolio WORCESTER, MA 53,14953.1k $3.3m $3.3m 0.67% Reduced -11.1k -11,079
13 THOR INVESTMENT MANAGEMENT INC /OH/ /ADV 1.82% of their portfolio CINCINNATI, OH 48,70548.7k $3.0m $3.0m 1.82% Reduced -112 -112
14 HC Advisors, LLC 2.10% of their portfolio SANDY SPRINGS, GA 48,11748.1k $3.0m $3.0m 2.10% Added +811 +811
15 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 47,15447.2k $2.9m $2.9m 0.01% Added +37.0k +37,003
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 44,75744.8k $2.8m $2.8m 0.00% Reduced -29.4k -29,367
17 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 44,33944.3k $2.7m $2.7m 0.00% Added +19.6k +19,601
18 SPROTT INC. 0.09% of their portfolio TORONTO, A6 39,42039.4k $2.4m $2.4m 0.09% Added +16.0k +15,990
19 EVERGREEN CAPITAL MANAGEMENT LLC 0.05% of their portfolio Bellevue, WA 36,38036.4k $2.3m $2.3m 0.05% Unchanged
20 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 34,33234.3k $2.4m $2.4m 0.00% Reduced -2.6k -2,560
21 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 32,50332.5k $2.0m $2.0m 0.00% Reduced -205 -205
22 Pekin Hardy Strauss, Inc. 0.19% of their portfolio CHICAGO, IL 31,05131.1k $1.9m $1.9m 0.19% Reduced -250 -250
23 U.S. Capital Wealth Advisors, LLC 0.05% of their portfolio AUSTIN, TX 28,11528.1k $1.7m $1.7m 0.05% Reduced -2.4k -2,437
24 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 26,61326.6k $1.7m $1.7m 0.01% New
25 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 22,50522.5k $1.4m $1.4m 0.01% Unchanged
26 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.01% of their portfolio IRVING, TX 21,62621.6k $1.3m $1.3m 0.01% New
27 ADE, LLC 0.66% of their portfolio BALTIMORE, MD 20,93620.9k $1.3m $1.3m 0.66% Unchanged
28 CWA Asset Management Group, LLC 0.05% of their portfolio NAPLES, FL 20,70020.7k $1.3m $1.3m 0.05% Unchanged
29 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 19,35319.4k $1.2m $1.2m 0.01% New
30 PFG Investments, LLC 0.06% of their portfolio WOODBURY, NY 18,95519.0k $1.2m $1.2m 0.06% Reduced -470 -470
31 Rossby Financial, LCC 0.32% of their portfolio MELBOURNE, FL 15,22315.2k $955.9k $955.9k 0.32% Unchanged
32 Sovereign Financial Group, Inc. 0.17% of their portfolio STAMFORD, CT 15,00515.0k $930.3k $930.3k 0.17% New
33 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 14,63714.6k $907.5k $907.5k 0.00% Added +559 +559
34 Kovack Advisors, Inc. 0.08% of their portfolio FT. LAUDERDALE, FL 12,90012.9k $799.8k $799.8k 0.08% Unchanged
35 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 11,62911.6k $721.0k $721.0k 0.01% Added +165 +165
36 CLIFFORD SWAN INVESTMENT COUNSEL LLC 0.02% of their portfolio PASADENA, CA 11,03011.0k $683.9k $683.9k 0.02% New
37 OPTIMUM INVESTMENT ADVISORS 0.26% of their portfolio Chicago, IL 10,70010.7k $663.4k $663.4k 0.26% Added +1.0k +1,000
38 VestGen Advisors, LLC 0.02% of their portfolio CHICAGO, IL 10,70010.7k $663.4k $663.4k 0.02% New
39 Meridian Wealth Advisors, LLC 0.09% of their portfolio AUSTIN, TX 10,00010.0k $620.0k $620.0k 0.09% Unchanged
40 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 9,9089.9k $614.3k $614.3k 0.01% New
41 Centurion Wealth Management LLC 0.12% of their portfolio Mclean, VA 8,6818.7k $538.2k $538.2k 0.12% New
42 Capital Wealth Alliance, LLC 0.25% of their portfolio Scottsdale, AZ 8,2158.2k $509.3k $509.3k 0.25% Reduced -13 -13
43 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 8,0348.0k $498.1k $498.1k 0.01% Added +122 +122
44 Barry Investment Advisors, LLC 0.11% of their portfolio NEW BEDFORD, MA 7,9007.9k $489.8k $489.8k 0.11% Reduced -85 -85
45 Beaumont Financial Advisors, LLC 0.03% of their portfolio NEEDHAM, MA 7,6527.7k $474.4k $474.4k 0.03% Added +736 +736
46 Mariner, LLC 0.00% of their portfolio Overland Park, KS 7,5847.6k $470.2k $470.2k 0.00% Added +995 +995
47 BAROMETER CAPITAL MANAGEMENT INC. 0.11% of their portfolio TORONTO, A6 7,5007.5k $465.0k $465.0k 0.11% Reduced -7.4k -7,400
48 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 7,2247.2k $447.9k $447.9k 0.00% New
49 SATOVSKY ASSET MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 7,0257.0k $435.5k $435.5k 0.09% Unchanged
50 Beirne Wealth Consulting Services, LLC 0.10% of their portfolio SHELTON, CT 7,0007.0k $434.0k $434.0k 0.10% Unchanged
51 NFSG Corp 0.06% of their portfolio BOCA RATON, FL 6,4536.5k $400.1k $400.1k 0.06% Reduced -1.0k -1,048
52 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 6,3036.3k $390.8k $390.8k 0.01% Reduced -1.0k -1,048
53 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 6,1576.2k $381.7k $381.7k 0.00% Added +441 +441
54 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 5,8095.8k $360.2k $360.2k 0.01% Unchanged
55 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 5,5065.5k $341.4k $341.4k 0.01% New
56 Montis Financial, LLC 0.08% of their portfolio WALTHAM, MA 5,5005.5k $341.0k $341.0k 0.08% Unchanged
57 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 5,1865.2k $321.5k $321.5k 0.00% Reduced -87 -87
58 Sunbelt Securities, Inc. 0.02% of their portfolio HOUSTON, TX 4,7624.8k $295.2k $295.2k 0.02% Added +2.2k +2,237
59 AlphaStar Capital Management, LLC 0.03% of their portfolio CORNELIUS, NC 4,7264.7k $293.0k $293.0k 0.03% Unchanged
60 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 4,6614.7k $289.0k $289.0k 0.00% Unchanged
61 Wealth Alliance Advisory Group, LLC 0.05% of their portfolio Wichita, KS 4,4254.4k $274.4k $274.4k 0.05% Unchanged
62 ONE PLUS ONE WEALTH MANAGEMENT, LLC 0.13% of their portfolio JUPITER, FL 4,4094.4k $273.4k $273.4k 0.13% New
63 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 4,3224.3k $268.0k $268.0k 0.01% Reduced -1.6k -1,625
64 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 4,2474.2k $263.4k $263.4k 0.00% New
65 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 4,2304.2k $262.3k $262.3k 0.01% Unchanged
66 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 4,1654.2k $258.2k $258.2k 0.01% Added +1.5k +1,480
67 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 3,9664.0k $245.9k $245.9k 0.00% New
68 Hara Capital LLC 0.14% of their portfolio BELLEVUE, WA 3,7503.8k $232.5k $232.5k 0.14% Unchanged
69 GSA CAPITAL PARTNERS LLP 0.02% of their portfolio LONDON, X0 3,7293.7k $231.0k $231.0k 0.02% New
70 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,6313.6k $225.1k $225.1k 0.00% New
71 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 3,6233.6k $225.0k $225.0k 0.00% New
72 Fiduciary Trust Co 0.00% of their portfolio Boston, MA 3,5683.6k $221.2k $221.2k 0.00% New
73 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 3,5023.5k $217.0k $217.0k 0.00% New
74 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 3,5003.5k $217.0k $217.0k 0.00% New
75 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,4883.5k $216.3k $216.3k 0.00% New
76 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 3,4233.4k $211.3k $211.3k 0.00% Reduced -1.1k -1,061
77 NICOLET ADVISORY SERVICES, LLC 0.02% of their portfolio GREEN BAY, WI 3,3003.3k $206.3k $206.3k 0.02% New
78 Dempze Nancy E 0.11% of their portfolio BOSTON, MA 3,2503.2k $201.5k $201.5k 0.11% New
79 COMERICA BANK 0.00% of their portfolio DALLAS, TX 3,1073.1k $192.6k $192.6k 0.00% Unchanged
80 Stonehage Fleming Financial Services Holdings Ltd 0.00% of their portfolio ST. HELIER, Y9 2,2922.3k $142.1k $142.1k 0.00% Unchanged
81 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 2,2782.3k $141.2k $141.2k 0.00% Added +1.3k +1,300
82 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,2152.2k $137.3k $137.3k 0.00% Unchanged
83 Premier Financial Group 0.03% of their portfolio EUREKA, CA 2,0002.0k $123.2k $123.2k 0.03% New
84 Creekmur Asset Management LLC 0.02% of their portfolio MORTON, IL 1,9642.0k $121.8k $121.8k 0.02% Unchanged
85 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 1,9021.9k $117.0k $117.0k 0.00% Reduced -558 -558
86 Hilltop National Bank 0.02% of their portfolio CASPER, WY 1,2501.2k $77.5k $77.5k 0.02% Unchanged
87 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,1361.1k $70.0k $70.0k 0.00% Added +60 +60
88 FWL INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio Dallas, TX 1,0001.0k $62.0k $62.0k 0.02% Unchanged
89 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 845845 $52.4k $52.4k 0.00% New
90 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 505505 $31.3k $31.3k 0.00% Added +416 +416
91 Legacy Wealth Managment, LLC/ID 0.01% of their portfolio BOISE, ID 460460 $28.5k $28.5k 0.01% Unchanged
92 FMR LLC 0.00% of their portfolio BOSTON, MA 408408 $25.3k $25.3k 0.00% Added +391 +391
93 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 341341 $21.1k $21.1k 0.00% Unchanged
94 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 315315 $19.5k $19.5k 0.00% Unchanged
95 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 300300 $18.6k $18.6k 0.00% Unchanged
96 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 300300 $18.6k $18.6k 0.00% Reduced -1.1k -1,144
97 ORG Partners LLC 0.00% of their portfolio ROANOKE, IN 300300 $18.6k $18.6k 0.00% Unchanged
98 West Branch Capital LLC 0.00% of their portfolio AMHERST, MA 266266 $16.5k $16.5k 0.00% Unchanged
99 Gen-Wealth Partners Inc 0.00% of their portfolio ZEELAND, MI 200200 $12.4k $12.4k 0.00% Unchanged
100 Parkside Financial Bank & Trust 0.00% of their portfolio SAINT LOUIS, MO 186186 $11.5k $11.5k 0.00% Unchanged