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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, Q4 2025

Institutional positions in Sprott Physical Gold & Silver Trust as of Dec 31, 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
446
+46 vs. Q3 2025
Shares held
58.3M
+192.0K (+0.3%) vs. Q3 2025
Total value
$2.68B
+$553.0M (+26.1%) vs. Q3 2025
New holders
71
102 more added
Sold out
25
130 more reduced

5 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 446 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 heldQ4 2025: $2.68B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Sprott Physical Gold & Silver Trust; share changes are against Q3 2025.

Institutions holding CEF in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Davidson Trust Co5,461$250.1K0.10%−409−7.0%Reduced
Wealth Quarterback LLC5,482$251.1K0.09%−384−6.5%Reduced
BKD Wealth Advisors, LLC5,538$253.6K0.00%+5,538New
Kovack Advisors, Inc.5,583$255.7K0.01%00.0%Unchanged
Global Assets Advisory, LLC5,639$258.3K0.07%−555−9.0%Reduced
Wescott Financial Advisory Group, LLC5,711$261.6K0.02%00.0%Unchanged
NBC Securities, Inc.5,785$265.0K0.02%−130−2.2%Reduced
Two Sigma Securities, LLC5,789$265.1K0.04%−12,810−68.9%Reduced
Meramec Financial Planners, LLC5,424$265.9K0.10%+5,424New
Insigneo Advisory Services, LLC5,823$266.7K0.02%−3,387−36.8%Reduced
Pine Valley Investments Ltd Liability Co5,972$273.5K0.01%00.0%Unchanged
Texas Yale Capital Corp.5,975$273.7K0.01%00.0%Unchanged
Clear Harbor Asset Management, LLC5,979$273.8K0.02%00.0%Unchanged
Perkins Coie Trust Co6,000$274.7K0.05%00.0%Unchanged
NBT Bank N A6,000$274.8K0.02%00.0%Unchanged
Occidental Asset Management, LLC6,000$274.8K0.03%00.0%Unchanged
Delta Financial Advisors LLC6,000$274.8K0.07%00.0%Unchanged
Greykasell Wealth Strategies, Inc.6,075$278.2K0.11%+6,075New
Aprio Wealth Management, LLC6,110$279.8K0.02%+6,110New
Perigon Wealth Management, LLC6,123$280.4K0.01%+91+1.5%Added
Van Den Berg Management I, Inc6,126$280.6K0.06%00.0%Unchanged
Jackson, Grant Investment Advisers, Inc.6,206$284.2K0.09%00.0%Unchanged
Tenzing Financial LLC6,278$287.6K0.23%+6,278New
DDD Partners, LLC6,399$293.1K0.02%+273+4.5%Added
Addison Advisors LLC6,430$294.5K0.07%−210−3.2%Reduced
Kera Capital Partners, Inc.5,978$296.7K0.04%−212−3.4%Reduced
Ardent Capital Management, Inc.6,505$297.9K0.12%00.0%Unchanged
White Knight Strategic Wealth Advisors, LLC6,532$299.2K0.22%+6,532New
Advyzon Investment Management, LLC6,569$300.9K0.03%−715−9.8%Reduced
WSFS Capital Management, LLC6,600$302.3K0.01%00.0%Unchanged
Gibraltar Capital Management, Inc.6,625$303.4K0.05%00.0%Unchanged
Snowden Capital Advisors LLC6,660$305.0K0.01%00.0%Unchanged
Stratos Wealth Partners, LTD.6,765$309.8K0.00%+6,765New
Silver Oak Securities, Inc6,617$312.5K0.02%+256+4.0%Added
Avidian Wealth Solutions, LLC6,869$314.6K0.01%00.0%Unchanged
We Are One Seven, LLC6,905$316.2K0.01%−1,000−12.7%Reduced
Thompson David Blair6,965$319.0K0.18%+6,965New
Cannon Advisors, Inc.6,031$319.3K0.23%00.0%Unchanged
Ruedi Wealth Management, Inc.7,009$321.0K0.08%00.0%Unchanged
Brinker Capital Investments, LLC7,023$321.7K0.00%+7,023New
WealthShield Partners, LLC7,032$322.1K0.04%00.0%Unchanged
S.A. Mason LLC7,068$323.7K0.13%+190+2.8%Added
Hemenway Trust Co LLC7,160$327.9K0.03%00.0%Unchanged
Resurgent Financial Advisors LLC7,200$329.8K0.17%−1,000−12.2%Reduced
Garde Capital, Inc.7,245$331.8K0.02%00.0%Unchanged
Alexander Labrunerie & Co., Inc.7,349$336.6K0.12%00.0%Unchanged
Aviance Capital Partners, LLC7,430$340.3K0.04%00.0%Unchanged
Gradient Investments LLC7,432$340.4K0.01%00.0%Unchanged
Sound View Wealth Advisors Group, LLC7,436$340.6K0.02%00.0%Unchanged
Regions Financial Corp7,450$341.2K0.00%00.0%Unchanged
Aegis Financial Corp7,474$342.3K0.08%00.0%Unchanged
Change Path, LLC7,527$344.7K0.01%−4,160−35.6%Reduced
Jane Street Group, LLC7,574$346.9K0.00%−507,935−98.5%Reduced
Ogorek Anthony Joseph7,665$351.0K0.10%+7,665New
Motiv8 Investments LLC7,675$352.0K0.19%00.0%Unchanged
WJ Financial Advisors LLC7,800$357.2K0.32%00.0%Unchanged
Independent Financial Group, LLC7,933$363.3K0.01%00.0%Unchanged
Robinson Value Management, Ltd.7,982$365.6K0.20%00.0%Unchanged
GWM Advisors LLC7,997$366.3K0.00%+864+12.1%Added
Freestone Capital Holdings, LLC8,030$367.8K0.01%00.0%Unchanged
Investors Asset Management of Georgia Inc8,073$369.7K0.15%00.0%Unchanged
Paradigm Capital Management, LLC8,145$373.0K0.35%00.0%Unchanged
Independent Wealth Network Inc.8,217$376.3K0.11%−2,164−20.8%Reduced
Northern Capital Management, Inc.8,380$383.8K0.20%00.0%Unchanged
Aptus Capital Advisors, LLC8,474$388.1K0.00%00.0%Unchanged
Guardian Wealth Advisors, LLC8,474$388.1K0.02%00.0%Unchanged
Confluence Wealth Services, Inc.8,577$392.8K0.02%00.0%Unchanged
Knightsbridge Asset Management, LLC8,645$395.9K0.06%00.0%Unchanged
Daymark Wealth Partners, LLC8,697$398.3K0.01%00.0%Unchanged
TCFG Wealth Management, LLC8,700$398.5K0.16%−2,825−24.5%Reduced
Manchester Financial Inc8,741$400.3K0.07%−49,682−85.0%Reduced
Great Valley Advisor Group, Inc.8,800$403.2K0.01%+800+10.0%Added
Keybank National Association8,818$403.9K0.00%00.0%Unchanged
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors8,855$405.6K0.05%+8,855New
U.S. Capital Wealth Advisors, LLC9,029$413.5K0.01%00.0%Unchanged
RFG Advisory, LLC9,100$416.8K0.01%00.0%Unchanged
Covenant Asset Management, LLC9,146$418.9K0.08%00.0%Unchanged
Ausdal Financial Partners, Inc.9,172$420.1K0.02%+9,172New
Sanctuary Advisors, LLC9,177$420.3K0.00%+1,321+16.8%Added
Arbor Capital Management Inc8,750$424.1K0.36%00.0%Unchanged
Baker Avenue Asset Management, LP9,262$424.2K0.01%00.0%Unchanged
Lido Advisors, LLC10,185$425.9K0.00%00.0%Unchanged
Principle Wealth Partners LLC9,450$432.8K0.02%00.0%Unchanged
Fairway Wealth LLC9,600$439.7K0.12%00.0%Unchanged
Simmons Bank9,629$441.0K0.03%−346−3.5%Reduced
AdvisorNet Financial, Inc9,650$442.0K0.02%+400+4.3%Added
RCW Management, LLC9,670$442.9K0.45%+9,670New
Strait & Sound Wealth Management LLC9,827$450.1K0.17%+2,497+34.1%Added
Parsons Capital Management Inc10,000$458.0K0.03%00.0%Unchanged
Integrated Wealth Concepts LLC10,080$461.7K0.01%−80,018−88.8%Reduced
Trust Co of Toledo NA10,139$464.4K0.05%+645+6.8%Added
Forum Financial Management, LP10,300$471.7K0.01%+10,300New
Prime Capital Investment Advisors, LLC10,319$472.6K0.01%−585−5.4%Reduced
Inscription Capital, LLC10,400$476.3K0.05%+4,400+73.3%Added
Fermata Advisors, LLC10,512$481.4K0.12%−2,080−16.5%Reduced
Indie Asset Partners, LLC10,568$484.0K0.54%00.0%Unchanged
Carmel Capital Partners, LLC10,606$485.8K0.17%+10,606New
Richard C. Young & CO., LTD.10,635$487.1K0.04%00.0%Unchanged
Northwest Wealth Management, LLC10,701$490.1K0.08%00.0%Unchanged
Camden National Bank10,817$495.4K0.07%−350−3.1%Reduced