Vault-13

SPROTT ETF TRUST SGDM

GOLD MINERS ETF · ETP · CUSIP 85210B102

125 institutional holders +11 vs Q4 2025
2,696,5592.7m shares reported held*
$204.2mreported value*
22 new 23 added 48 reduced 8 sold out net sold ≈ $6.8m (-122.9k 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 ($1.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $75.71. Options: 2 managers hold calls ($1.6m notional), 2 hold puts ($294.4k).

Trends to Q1 2026

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: 109Q4 25: 114Q1 26: 125125Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025114
Q1 2026125

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 25Q4 25: 43 bought or addedQ4 25: 45 cut or sold outQ1 26: 45 bought or addedQ1 26: 56 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242325
Q3 20242329
Q4 20242729
Q1 20252927
Q2 20253630
Q3 20254831
Q4 20254345
Q1 20264556

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 25 calls: $705.7kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $880.4kQ3 25 puts: $310.0kQ3 25P/C 0.35Q4 25 calls: $2.2mQ4 25 puts: $229.8kQ4 25P/C 0.10Q1 26 calls: $1.6mQ1 26 puts: $294.4kQ1 26P/C 0.19
Numbers
QuarterCallsPutsP/C
Q2 2025$705.7k$00.00
Q3 2025$880.4k$310.0k0.35
Q4 2025$2.2m$229.8k0.10
Q1 2026$1.6m$294.4k0.19

Biggest buyers

CITADEL ADVISORS LLC New +38,912+38.9k
STIFEL FINANCIAL CORP Added +28,987+29.0k
Baird Financial Group, Inc. New +25,610+25.6k
JANE STREET GROUP, LLC Added +14,308+14.3k
Kestra Advisory Services, LLC Added +12,200+12.2k
BAROMETER CAPITAL MANAGEMENT INC. New +8,700+8.7k
HRT FINANCIAL LP New +7,750+7.8k
Gateway Wealth Partners, LLC New +7,310+7.3k
Bayshore Capital Advisors, LLC Added +6,400+6.4k
TD Waterhouse Canada Inc. New +5,731+5.7k

Biggest sellers

Auxano Advisors, LLC Reduced -41,748-41.7k
Riggs Asset Managment Co. Inc. Reduced -38,748-38.7k
BANK OF AMERICA CORP /DE/ Reduced -34,775-34.8k
MERCER GLOBAL ADVISORS INC /ADV Sold out -34,070-34.1k
New Harbor Financial Group, LLC Reduced -29,124-29.1k
MML INVESTORS SERVICES, LLC Reduced -17,292-17.3k
UBS Group AG Reduced -16,144-16.1k
Sovereign Financial Group, Inc. Reduced -10,865-10.9k
OSAIC HOLDINGS, INC. Reduced -9,955-10.0k
CLIFFORD SWAN INVESTMENT COUNSEL LLC Reduced -7,788-7.8k

Biggest calls

CITADEL ADVISORS LLC Reduced $1.2m16.2k shares
Belvedere Trading LLC Reduced $339.7k4.5k shares

Biggest puts

CITADEL ADVISORS LLC Added $279.3k3.7k shares
Belvedere Trading LLC Unchanged $15.1k200 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 UBS Group AG 0.00% of their portfolio ZURICH, V8 324,063324.1k $24.5m $24.5m 0.00% Reduced -16.1k -16,144
2 Asset One Wealth Management LLC 2.00% of their portfolio BELLEVUE, WA 235,822235.8k $18.0m $18.0m 2.00% Added +1.4k +1,446
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 216,921216.9k $16.4m $16.4m 0.00% Reduced -4.8k -4,797
4 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 188,455188.5k $14.2m $14.2m 0.02% Reduced -6.4k -6,417
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 113,822113.8k $8.6m $8.6m 0.00% Reduced -1.3k -1,319
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 109,727109.7k $8.3m $8.3m 0.00% Reduced -34.8k -34,775
7 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 87,90387.9k $6.6m $6.6m 0.00% Added +3.6k +3,557
8 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 85,32685.3k $6.4m $6.4m 0.00% Reduced -378 -378
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 83,42683.4k $6.3m $6.3m 0.00% Reduced -6.8k -6,778
10 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 82,59782.6k $6.2m $6.2m 0.01% Added +29.0k +28,987
11 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 70,17870.2k $5.3m $5.3m 0.01% Reduced -10.0k -9,955
12 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 63,96964.0k $4.8m $4.8m 0.01% Reduced -4.8k -4,799
13 Riggs Asset Managment Co. Inc. 0.82% of their portfolio DALLAS, PA 52,77752.8k $4.0m $4.0m 0.82% Reduced -38.7k -38,748
14 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 51,50451.5k $3.9m $3.9m 0.02% Added +769 +769
15 THOR INVESTMENT MANAGEMENT INC /OH/ /ADV 1.86% of their portfolio CINCINNATI, OH 46,32646.3k $3.5m $3.5m 1.86% Reduced -2.0k -1,954
16 Auxano Advisors, LLC 0.64% of their portfolio BELLEVUE, WA 42,46042.5k $3.2m $3.2m 0.64% Reduced -41.7k -41,748
17 HC Advisors, LLC 2.10% of their portfolio SANDY SPRINGS, GA 41,60341.6k $3.1m $3.1m 2.10% Added +603 +603
18 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 38,91238.9k $2.9m $2.9m 0.00% New
19 EVERGREEN CAPITAL MANAGEMENT LLC 0.06% of their portfolio Bellevue, WA 36,01036.0k $2.7m $2.7m 0.06% Reduced -370 -370
20 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 33,43533.4k $2.5m $2.5m 0.00% Added +14.3k +14,308
21 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 30,63830.6k $2.3m $2.3m 0.01% Reduced -17.3k -17,292
22 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 30,45730.5k $2.3m $2.3m 0.00% Reduced -1.4k -1,352
23 Pekin Hardy Strauss, Inc. 0.24% of their portfolio CHICAGO, IL 30,29230.3k $2.3m $2.3m 0.24% Reduced -2.8k -2,813
24 SPROTT INC. 0.07% of their portfolio TORONTO, A6 30,05230.1k $2.3m $2.3m 0.07% Reduced -7.3k -7,258
25 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 28,40628.4k $2.1m $2.1m 0.00% Reduced -1.8k -1,819
26 U.S. Capital Wealth Advisors, LLC 0.05% of their portfolio AUSTIN, TX 27,41527.4k $2.1m $2.1m 0.05% Reduced -700 -700
27 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 25,61025.6k $1.9m $1.9m 0.00% New
28 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 23,02123.0k $1.7m $1.7m 0.01% Added +12.2k +12,200
29 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 22,50522.5k $1.7m $1.7m 0.01% Unchanged
30 New Harbor Financial Group, LLC 0.29% of their portfolio WORCESTER, MA 20,83120.8k $1.6m $1.6m 0.29% Reduced -29.1k -29,124
31 ADE, LLC 0.71% of their portfolio BALTIMORE, MD 19,55519.6k $1.5m $1.5m 0.71% Reduced -1.4k -1,375
32 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 19,13819.1k $1.4m $1.4m 0.01% Reduced -258 -258
33 PFG Investments, LLC 0.06% of their portfolio WOODBURY, NY 17,23617.2k $1.3m $1.3m 0.06% Reduced -611 -611
34 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.01% of their portfolio IRVING, TX 17,03117.0k $1.3m $1.3m 0.01% Reduced -4.8k -4,762
35 Bayshore Capital Advisors, LLC 0.52% of their portfolio TAMPA, FL 16,40016.4k $1.2m $1.2m 0.52% Added +6.4k +6,400
36 Rossby Financial, LCC 0.24% of their portfolio MELBOURNE, FL 14,78314.8k $1.2m $1.2m 0.24% Reduced -300 -300
37 CWA Asset Management Group, LLC 0.03% of their portfolio NAPLES, FL 13,40013.4k $1.0m $1.0m 0.03% Added +400 +400
38 VestGen Advisors, LLC 0.03% of their portfolio CHICAGO, IL 13,24613.2k $1.1m $1.1m 0.03% Added +2.5k +2,546
39 Kovack Advisors, Inc. 0.05% of their portfolio FT. LAUDERDALE, FL 12,03012.0k $951.3k $951.3k 0.05% Reduced -931 -931
40 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 11,23911.2k $848.5k $848.5k 0.01% Reduced -501 -501
41 Meridian Wealth Advisors, LLC 0.10% of their portfolio AUSTIN, TX 10,00010.0k $754.9k $754.9k 0.10% Unchanged
42 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 9,0619.1k $684.0k $684.0k 0.00% Reduced -834 -834
43 BAROMETER CAPITAL MANAGEMENT INC. 0.22% of their portfolio TORONTO, A6 8,7008.7k $656.8k $656.8k 0.22% New
44 Centurion Wealth Management LLC 0.15% of their portfolio Mclean, VA 8,6838.7k $655.5k $655.5k 0.15% Unchanged
45 180 WEALTH ADVISORS, LLC 0.07% of their portfolio FEDERAL WAY, WA 8,1348.1k $614.0k $614.0k 0.07% Added +3.8k +3,783
46 Beaumont Financial Advisors, LLC 0.04% of their portfolio NEEDHAM, MA 8,1138.1k $612.5k $612.5k 0.04% Added +200 +200
47 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 8,0278.0k $606.0k $606.0k 0.02% Added +4.8k +4,847
48 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 7,7507.8k $585.0k $585.0k 0.00% New
49 Barry Investment Advisors, LLC 0.13% of their portfolio NEW BEDFORD, MA 7,7367.7k $584.0k $584.0k 0.13% Reduced -164 -164
50 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 7,5247.5k $568.0k $568.0k 0.01% Reduced -50 -50
51 Gateway Wealth Partners, LLC 0.02% of their portfolio APPLETON, WI 7,3107.3k $551.9k $551.9k 0.02% New
52 SATOVSKY ASSET MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 7,0957.1k $535.6k $535.6k 0.09% Unchanged
53 Beirne Wealth Consulting Services, LLC 0.15% of their portfolio SHELTON, CT 7,0007.0k $528.4k $528.4k 0.15% Unchanged
54 Capital Wealth Alliance, LLC 0.22% of their portfolio Scottsdale, AZ 6,4266.4k $485.1k $485.1k 0.22% Added +185 +185
55 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 6,3416.3k $478.7k $478.7k 0.01% Added +44 +44
56 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 5,7795.8k $436.3k $436.3k 0.01% Added +50 +50
57 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 5,7315.7k $606.4k $606.4k 0.00% New
58 Mariner, LLC 0.00% of their portfolio Overland Park, KS 5,5285.5k $417.3k $417.3k 0.00% Reduced -702 -702
59 AdvisorNet Financial, Inc 0.02% of their portfolio MINNETONKA, MN 5,4205.4k $409.2k $409.2k 0.02% Added +1.2k +1,200
60 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 5,2635.3k $397.2k $397.2k 0.00% Added +137 +137
61 AlphaStar Capital Management, LLC 0.03% of their portfolio CORNELIUS, NC 4,7264.7k $356.8k $356.8k 0.03% Unchanged
62 Montis Financial, LLC 0.07% of their portfolio WALTHAM, MA 4,6004.6k $347.3k $347.3k 0.07% Reduced -800 -800
63 Wealth Alliance Advisory Group, LLC 0.05% of their portfolio Wichita, KS 4,4254.4k $334.0k $334.0k 0.05% Unchanged
64 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 4,3014.3k $324.7k $324.7k 0.00% New
65 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 4,2914.3k $324.0k $324.0k 0.00% Unchanged
66 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 4,2814.3k $323.2k $323.2k 0.00% Reduced -700 -700
67 Sunbelt Securities, Inc. 0.02% of their portfolio HOUSTON, TX 4,1144.1k $310.6k $310.6k 0.02% Reduced -120 -120
68 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 4,0204.0k $303.5k $303.5k 0.00% Added +1.0k +1,049
69 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 4,0094.0k $302.6k $302.6k 0.00% Reduced -679 -679
70 TWO SIGMA SECURITIES, LLC 0.03% of their portfolio NEW YORK, NY 3,9373.9k $297.2k $297.2k 0.03% New
71 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 3,8883.9k $293.5k $293.5k 0.00% Added +850 +850
72 Sovereign Financial Group, Inc. 0.05% of their portfolio STAMFORD, CT 3,8753.9k $292.5k $292.5k 0.05% Reduced -10.9k -10,865
73 GSA CAPITAL PARTNERS LLP 0.02% of their portfolio LONDON, X0 3,7293.7k $282.0k $282.0k 0.02% Unchanged
74 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 3,7213.7k $281.0k $281.0k 0.00% Reduced -112 -112
75 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 3,6343.6k $274.3k $274.3k 0.00% New
76 Fiduciary Trust Co 0.00% of their portfolio Boston, MA 3,5683.6k $269.3k $269.3k 0.00% Unchanged
77 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 3,5203.5k $265.8k $265.8k 0.00% Unchanged
78 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,5003.5k $264.2k $264.2k 0.00% Reduced -25 -25
79 NICOLET BANKSHARES INC 0.01% of their portfolio GREEN BAY, WI 3,3003.3k $261.1k $261.1k 0.01% New
80 Dempze Nancy E 0.13% of their portfolio BOSTON, MA 3,2503.2k $245.3k $245.3k 0.13% Unchanged
81 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 3,1193.1k $235.5k $235.5k 0.00% New
82 Evanson Asset Management, LLC 0.01% of their portfolio CARMEL, CA 3,0823.1k $232.7k $232.7k 0.01% Unchanged
83 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 3,0803.1k $232.5k $232.5k 0.01% Reduced -250 -250
84 Hara Capital LLC 0.11% of their portfolio BELLEVUE, WA 3,0503.0k $230.2k $230.2k 0.11% Reduced -700 -700
85 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 3,0393.0k $229.4k $229.4k 0.00% Reduced -720 -720
86 CLIFFORD SWAN INVESTMENT COUNSEL LLC 0.01% of their portfolio PASADENA, CA 2,9332.9k $221.4k $221.4k 0.01% Reduced -7.8k -7,788
87 HighPoint Advisor Group LLC 0.01% of their portfolio DOWNERS GROVE, IL 2,7782.8k $209.7k $209.7k 0.01% New
88 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 2,1442.1k $161.9k $161.9k 0.00% Added +130 +130
89 Destiny Wealth Partners, LLC 0.02% of their portfolio TAVARES, FL 2,0152.0k $152.1k $152.1k 0.02% New
90 Premier Financial Group 0.03% of their portfolio EUREKA, CA 2,0002.0k $160.7k $160.7k 0.03% Unchanged
91 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 1,5371.5k $116.0k $116.0k 0.00% Added +1.5k +1,502
92 MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADV 0.10% of their portfolio CARLSBAD, CA 1,4581.5k $110.1k $110.1k 0.10% Reduced -397 -397
93 CENTAURUS FINANCIAL, INC. 0.00% of their portfolio ANAHEIM, CA 1,3691.4k $103.0k $103.0k 0.00% New
94 Belvedere Trading LLC 0.01% of their portfolio CHICAGO, IL 1,3381.3k $101.0k $101.0k 0.01% Reduced -1.5k -1,462
95 Hilltop National Bank 0.02% of their portfolio CASPER, WY 1,2501.2k $94.4k $94.4k 0.02% Unchanged
96 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,1271.1k $89.2k $89.2k 0.00% Added +437 +437
97 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,0351.0k $78.2k $78.2k 0.00% Unchanged
98 FWL INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio Dallas, TX 1,0001.0k $75.5k $75.5k 0.02% Unchanged
99 Synergy Investment Management, LLC 0.02% of their portfolio ALTAMONTE SPRINGS, FL 977977 $73.8k $73.8k 0.02% New
100 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 825825 $62.3k $62.3k 0.00% New