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Sprott Physical Gold & Silver Trust

CEF
Exchange
NYSE
Industry
Commodity Contracts Brokers & Dealers
SEC CIK
0001726122

No open-market purchases or sales by Sprott Physical Gold & Silver Trust insiders were filed in the last 90 days; 447 institutions reported holding it in 13F filings for Q2 2026, worth $2.25B in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Sprott Physical Gold & Silver Trust as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
405
+34 vs. Q2 2025
Shares held
58.1M
+1.70M (+3.0%) vs. Q2 2025
Total value
$2.12B
+$427.5M (+25.2%) vs. Q2 2025
New holders
52
107 more added
Sold out
18
104 more reduced

5 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting CEF on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 405 institutions
Q1 2021: 253 institutionsQ2 2021: 264 institutionsQ3 2021: 269 institutionsQ4 2021: 289 institutionsQ1 2022: 274 institutionsQ2 2022: 281 institutionsQ3 2022: 275 institutionsQ4 2022: 285 institutionsQ1 2023: 282 institutionsQ2 2023: 282 institutionsQ3 2023: 291 institutionsQ4 2023: 294 institutionsQ1 2024: 296 institutionsQ2 2024: 315 institutionsQ3 2024: 330 institutionsQ4 2024: 356 institutionsQ1 2025: 363 institutionsQ2 2025: 376 institutionsQ3 2025: 405 institutionsQ4 2025: 446 institutionsQ1 2026: 461 institutionsQ2 2026: 447 institutions
Value heldQ3 2025: $2.12B
Q1 2021: $923.0MQ2 2021: $997.4MQ3 2021: $1.02BQ4 2021: $1.05BQ1 2022: $1.10BQ2 2022: $930.3MQ3 2022: $804.7MQ4 2022: $1.05BQ1 2023: $1.24BQ2 2023: $1.23BQ3 2023: $1.24BQ4 2023: $1.36BQ1 2024: $1.40BQ2 2024: $1.45BQ3 2024: $1.46BQ4 2024: $1.43BQ1 2025: $1.65BQ2 2025: $1.70BQ3 2025: $2.12BQ4 2025: $2.68BQ1 2026: $2.71BQ2 2026: $2.25B
Institutions holding CEF and their total value by quarter
QuarterHoldersValue
Q2 2026447$2.25B
Q1 2026461$2.71B
Q4 2025446$2.68B
Q3 2025405$2.12B
Q2 2025376$1.70B
Q1 2025363$1.65B
Q4 2024356$1.43B
Q3 2024330$1.46B
Q2 2024315$1.45B
Q1 2024296$1.40B
Q4 2023294$1.36B
Q3 2023291$1.24B
Q2 2023282$1.23B
Q1 2023282$1.24B
Q4 2022285$1.05B
Q3 2022275$804.7M
Q2 2022281$930.3M
Q1 2022274$1.10B
Q4 2021289$1.05B
Q3 2021269$1.02B
Q2 2021264$997.4M
Q1 2021253$923.0M

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Sprott Physical Gold & Silver Trust; share changes are against Q2 2025.

Institutions holding CEF in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Wealthcare Advisory Partners LLC64,541$2.37M0.05%−2,711−4.0%Reduced
Ieq Capital, LLC67,852$2.49M0.01%+3,000+4.6%Added
IPG Investment Advisors LLC68,545$2.51M0.45%+30,577+80.5%Added
XTX Topco Ltd68,960$2.53M0.13%+68,960New
Philadelphia Trust Co69,390$2.55M0.18%−5,286−7.1%Reduced
Wilmar Advisors LLC70,000$2.57M2.11%−5,000−6.7%Reduced
J.W. Cole Advisors, Inc.73,352$2.69M0.05%+751+1.0%Added
Brown Advisory Inc74,173$2.72M0.00%00.0%Unchanged
St. James Investment Company, LLC76,295$2.80M0.44%−145−0.2%Reduced
Peak Financial Management, Inc.77,339$2.84M0.75%00.0%Unchanged
Demars Financial Group, LLC82,212$3.02M1.04%−6,234−7.0%Reduced
Hohimer Wealth Management, LLC82,947$3.04M0.43%+82,947New
Kiker Wealth Management, LLC84,278$3.09M1.56%+793+0.9%Added
AE Wealth Management LLC85,127$3.12M0.02%+2,771+3.4%Added
RSM US Wealth Management LLC86,936$3.19M0.04%+8,755+11.2%Added
Bank of Montreal88,112$3.23M0.00%−1,060−1.2%Reduced
GWN Securities Inc.88,794$3.26M0.75%−138,790−61.0%Reduced
Private Advisor Group, LLC89,179$3.27M0.02%−1,831−2.0%Reduced
Spire Wealth Management89,645$3.29M0.11%+706+0.8%Added
Perritt Capital Management Inc89,900$3.30M1.56%00.0%Unchanged
Integrated Wealth Concepts LLC90,098$3.31M0.03%−369−0.4%Reduced
Green Square Capital Advisors LLC110,726$3.33M0.40%00.0%Unchanged
Steward Partners Investment Advisory, LLC91,236$3.35M0.02%+61,755+209.5%Added
Columbia Advisory Partners LLC92,382$3.39M2.34%−2,580−2.7%Reduced
UBS Group AG96,400$3.54M0.00%+90,244+1,466.0%Added
Ancora Advisors, LLC98,224$3.60M0.07%−4,186−4.1%Reduced
Teacher Retirement System of Texas100,000$3.67M0.01%+100,000New
Robertson Stephens Wealth Management, LLC100,166$3.68M0.11%+424+0.4%Added
Chase Investment Counsel Corp100,843$3.70M1.10%−100.0%Reduced
Mutual Advisors, LLC97,124$3.70M0.08%+8,826+10.0%Added
Guardian Partners Inc.100,082$3.71M0.31%+4,950+5.2%Added
Delta Investment Management, LLC106,079$3.89M0.70%+1,164+1.1%Added
Fore Capital, LLC110,000$4.04M5.11%00.0%Unchanged
Concurrent Investment Advisors, LLC113,832$4.18M0.07%+43,852+62.7%Added
MML Investors Services, LLC115,338$4.23M0.01%+7,915+7.4%Added
Mariner, LLC121,715$4.47M0.01%+61+0.1%Added
Susquehanna International Group, LLP123,032$4.51M0.01%−99−0.1%Reduced
Oppenheimer & Co Inc125,701$4.61M0.06%+12,339+10.9%Added
Nations Financial Group Inc,126,030$4.62M0.29%−2,090−1.6%Reduced
Marathon Capital Management126,225$4.63M1.06%−5,750−4.4%Reduced
Wiley Bros.-Aintree Capital, LLC134,014$4.92M0.03%+20,209+17.8%Added
HighTower Advisors, LLC135,765$4.98M0.01%−18,775−12.1%Reduced
Roberts Glore & Co Inc136,970$5.03M1.37%−3,445−2.5%Reduced
Jones Financial Companies LLLP140,501$5.04M0.00%+34,661+32.7%Added
Beacon Pointe Advisors, LLC137,857$5.06M0.04%−36,942−21.1%Reduced
TD Waterhouse Canada Inc.143,823$5.28M0.03%−2,237−1.5%Reduced
Captrust Financial Advisors146,600$5.38M0.01%−2,614−1.8%Reduced
Chicago Capital, LLC155,365$5.70M0.14%00.0%Unchanged
Northwestern Mutual Wealth Management Co157,752$5.79M0.00%+16,018+11.3%Added
Janney Montgomery Scott LLC168,969$6.20M0.01%+168,969New
Level Four Advisory Services, LLC170,621$6.26M0.21%−8,478−4.7%Reduced
Envestnet Asset Management Inc171,623$6.30M0.00%−22,278−11.5%Reduced
Flagship Harbor Advisors, LLC183,560$6.73M0.29%−349−0.2%Reduced
Evelyn Partners Investment Management Services Ltd185,647$6.81M0.91%+4,710+2.6%Added
Thrivent Financial for Lutherans192,251$7.05M0.01%+92,864+93.4%Added
Stifel Financial Corp196,295$7.20M0.01%+1,596+0.8%Added
IFP Advisors, Inc198,499$7.28M0.19%+90,720+84.2%Added
Kestra Advisory Services, LLC220,857$8.10M0.04%+5,284+2.5%Added
Brookstone Capital Management224,316$8.23M0.10%+9,044+4.2%Added
Intrepid Capital Management Inc225,746$8.28M3.26%−8,453−3.6%Reduced
Arkadios Wealth Advisors236,763$8.69M0.21%+15,909+7.2%Added
Sapient Capital LLC237,789$8.69M0.13%00.0%Unchanged
Euro Pacific Asset Management, LLC298,566$8.99M1.08%−14,230−4.5%Reduced
NewEdge Wealth, LLC253,922$9.43M0.14%−1,550−0.6%Reduced
Cadence Wealth Management LLC265,691$9.75M5.11%−2,837−1.1%Reduced
Wealth Enhancement Advisory Services, LLC261,559$9.89M0.01%+52,851+25.3%Added
Pacific Sage Partners, LLC270,509$9.92M1.66%−6,333−2.3%Reduced
Shufro Rose & Co LLC352,452$10.0M0.82%−2,981−0.8%Reduced
Federation des caisses Desjardins du Quebec291,998$10.7M0.04%+16,048+5.8%Added
Commonwealth Equity Services, LLC297,824$10.9M0.01%−125,377−29.6%Reduced
PFG Investments, LLC341,760$12.5M0.65%+6,958+2.1%Added
New Harbor Financial Group, LLC351,936$12.9M2.62%+19,826+6.0%Added
Hollencrest Capital Management356,183$13.1M0.47%+2,169+0.6%Added
Matauro, LLC388,544$14.3M2.27%+18,436+5.0%Added
Neuberger Berman Group LLC392,214$14.4M0.01%−3,653−0.9%Reduced
Advisor Group Holdings, Inc.434,486$14.7M0.02%+7,010+1.6%Added
Tiaa Trust, National Association400,125$14.7M0.04%+38,090+10.5%Added
Inlight Wealth Management, LLC401,721$14.7M6.92%−836−0.2%Reduced
Cetera Investment Advisers415,021$15.2M0.02%+40,543+10.8%Added
Evergreen Capital Management LLC442,284$16.2M0.39%+732+0.2%Added
Pekin Hardy Strauss, Inc.457,967$16.8M1.69%−2,925−0.6%Reduced
National Bank of Canada473,112$17.2M0.02%+81,271+20.7%Added
Cambridge Investment Research Advisors, Inc.481,304$17.7M0.05%+23,777+5.2%Added
PYA Waltman Capital, LLC482,560$17.7M4.74%−10,690−2.2%Reduced
Spears Abacus Advisors LLC483,025$17.7M0.33%00.0%Unchanged
Jane Street Group, LLC515,509$18.9M0.02%−40,454−7.3%Reduced
JPMorgan Chase & Co528,754$19.4M0.00%+61,063+13.1%Added
Cohen & Steers, Inc.578,497$21.2M0.04%+5,000+0.9%Added
Beaumont Financial Advisors, LLC584,767$21.5M1.43%−410.0%Reduced
CIBC World Markets Inc.632,048$23.2M0.05%+18,510+3.0%Added
Sprott Inc.664,116$24.4M0.91%−24,135−3.5%Reduced
Bank of America Corp693,257$25.4M0.00%+5,506+0.8%Added
Cheviot Value Management, LLC726,943$26.6M2.82%−5,880−0.8%Reduced
Evelyn Partners Investment Management LLP761,923$28.0M0.79%+3,510+0.5%Added
Ameriprise Financial Inc753,109$28.0M0.01%−34,432−4.4%Reduced
Wells Fargo & Company791,302$29.0M0.01%−11,760−1.5%Reduced
LPL Financial LLC912,682$33.5M0.01%+188,486+26.0%Added
Raymond James Financial Inc1,129,712$41.4M0.01%+73,201+6.9%Added
Managed Asset Portfolios, LLC1,139,873$41.8M5.18%−12,583−1.1%Reduced
Baird Financial Group, Inc.1,381,555$50.7M0.08%+3,186+0.2%Added