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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
CIBC Asset Management Inc30,000$1.37M0.00%00.0%Unchanged
Scotia Capital Inc.30,742$1.38M0.01%+382+1.3%Added
Dakota Wealth Management30,255$1.39M0.02%+8,269+37.6%Added
Jaffetilchin Investment Partners, LLC32,133$1.47M0.09%−319−1.0%Reduced
Cardiff Park Advisors, LLC32,980$1.51M0.12%00.0%Unchanged
Prospera Financial Services Inc33,229$1.52M0.02%−451−1.3%Reduced
Transcend Wealth Collective, LLC34,380$1.57M0.12%+4,023+13.3%Added
Camelot Technology Advisors, Inc.34,479$1.58M1.19%+11,572+50.5%Added
Waddell & Associates, LLC35,146$1.61M0.11%−7,763−18.1%Reduced
The PNC Financial Services Group, Inc.35,767$1.64M0.00%00.0%Unchanged
HBW Advisory Services LLC36,173$1.66M0.18%+13,939+62.7%Added
MAI Capital Management37,320$1.71M0.01%+3,000+8.7%Added
Andina Capital Management, LLC37,798$1.73M1.05%−5,375−12.4%Reduced
Belpointe Asset Management LLC39,110$1.79M0.06%−5,489−12.3%Reduced
Truist Financial Corp39,644$1.82M0.00%+1,404+3.7%Added
Citadel Advisors LLC40,402$1.85M0.00%+40,402New
Wealthcare Advisory Partners LLC41,752$1.91M0.04%−22,789−35.3%Reduced
US Bancorp42,132$1.93M0.00%+11,031+35.5%Added
BOS Asset Management, LLC44,319$2.03M0.54%−3,750−7.8%Reduced
CIBC Private Wealth Group, LLC44,378$2.03M0.00%+11,319+34.2%Added
Geneos Wealth Management Inc.45,151$2.07M0.05%−1,121−2.4%Reduced
Cornerstone Wealth Management, LLC45,285$2.07M0.11%−335−0.7%Reduced
Flputnam Investment Management Co45,383$2.08M0.03%−183−0.4%Reduced
Argent Trust Co47,004$2.15M0.07%−10,395−18.1%Reduced
Sunbeam Capital Management, LLC47,152$2.16M1.28%00.0%Unchanged
Creative Planning48,020$2.20M0.00%+565+1.2%Added
Main Street Financial Solutions, LLC49,234$2.25M0.17%−2,450−4.7%Reduced
Wilmar Advisors LLC50,000$2.29M1.79%−20,000−28.6%Reduced
Titiun Yejiel50,000$2.29M2.82%+50,000New
Hunter Perkins Capital Management, LLC53,490$2.45M0.57%−4,750−8.2%Reduced
Mercer Global Advisors Inc53,665$2.46M0.00%+1,955+3.8%Added
Twin Focus Capital Partners, LLC53,845$2.47M0.28%00.0%Unchanged
Allworth Financial LP54,777$2.51M0.01%+10,905+24.9%Added
Nalls Sherbakoff Group, LLC55,961$2.56M1.85%+4,475+8.7%Added
Lodestar Private Asset Management LLC56,755$2.60M0.26%−776−1.3%Reduced
Kestra Private Wealth Services, LLC58,779$2.69M0.03%−655−1.1%Reduced
Sonoma Private Wealth LLC60,447$2.77M3.34%+2,962+5.2%Added
Garrett Investment Advisors LLC60,561$2.77M0.22%00.0%Unchanged
First Manhattan Co61,419$2.81M0.01%+3,956+6.9%Added
CI Private Wealth, LLC61,524$2.82M0.00%−190.0%Reduced
Spire Wealth Management61,927$2.84M0.09%−27,718−30.9%Reduced
Fedenia Advisers LLC62,274$2.85M1.09%+190.0%Added
International Assets Investment Management, LLC63,221$2.90M0.20%+17,930+39.6%Added
Philadelphia Trust Co63,443$2.91M0.20%−5,947−8.6%Reduced
Equitable Holdings, Inc.66,371$3.04M0.02%+5,850+9.7%Added
Ieq Capital, LLC67,556$3.09M0.01%−296−0.4%Reduced
Brown Advisory Inc67,647$3.10M0.00%−6,526−8.8%Reduced
Inspirion Wealth Advisors, LLC67,819$3.11M0.38%+11,886+21.3%Added
Asset One Wealth Management LLC67,158$3.22M0.44%+67,158New
IPG Investment Advisors LLC72,115$3.30M0.58%+3,570+5.2%Added
St. James Investment Company, LLC75,436$3.45M0.55%−859−1.1%Reduced
J.W. Cole Advisors, Inc.75,929$3.48M0.08%+2,577+3.5%Added
Peak Financial Management, Inc.76,709$3.51M0.91%−630−0.8%Reduced
Demars Financial Group, LLC78,665$3.60M1.21%−3,547−4.3%Reduced
Bank of Montreal84,076$3.85M0.00%−4,036−4.6%Reduced
Columbia Advisory Partners LLC85,325$3.91M2.66%−7,057−7.6%Reduced
GWN Securities Inc.88,794$4.07M0.82%00.0%Unchanged
RSM US Wealth Management LLC86,438$4.08M0.05%−498−0.6%Reduced
Steward Partners Investment Advisory, LLC90,890$4.16M0.02%−346−0.4%Reduced
Sentinus, LLC92,600$4.24M0.41%+92,600New
Chase Investment Counsel Corp99,476$4.56M1.27%−1,367−1.4%Reduced
Robertson Stephens Wealth Management, LLC100,166$4.59M0.13%00.0%Unchanged
Ancora Advisors, LLC103,694$4.75M0.10%+5,470+5.6%Added
Financial Planning Navigators CORP107,587$4.93M2.26%+107,587New
Delta Investment Management, LLC107,800$4.94M0.86%+1,721+1.6%Added
AE Wealth Management LLC109,730$5.03M0.03%+24,603+28.9%Added
Fore Capital, LLC110,000$5.04M6.66%00.0%Unchanged
Green Square Capital Advisors LLC111,100$5.09M0.53%+374+0.3%Added
Colony Group, LLC113,728$5.21M0.01%+102,688+930.1%Added
Beacon Pointe Advisors, LLC121,912$5.58M0.04%−15,945−11.6%Reduced
MML Investors Services, LLC122,677$5.62M0.01%+7,339+6.4%Added
Marathon Capital Management125,100$5.73M1.23%−1,125−0.9%Reduced
HighTower Advisors, LLC126,218$5.78M0.01%−9,547−7.0%Reduced
Mariner, LLC126,314$5.79M0.01%+4,599+3.8%Added
Oppenheimer & Co Inc126,331$5.79M0.08%+630+0.5%Added
Nations Financial Group Inc,129,030$5.91M0.31%+3,000+2.4%Added
Envestnet Asset Management Inc130,102$5.96M0.00%−41,521−24.2%Reduced
Roberts Glore & Co Inc132,940$6.09M1.62%−4,030−2.9%Reduced
Wiley Bros.-Aintree Capital, LLC133,889$6.13M0.03%−125−0.1%Reduced
Sbe LLC Dba Cedar Cove Wealth Partners150,762$6.90M3.61%+150,762New
Chicago Capital, LLC155,365$7.12M0.18%00.0%Unchanged
Mutual Advisors, LLC159,901$7.32M0.16%+62,777+64.6%Added
Captrust Financial Advisors161,013$7.37M0.01%+14,413+9.8%Added
Level Four Advisory Services, LLC162,194$7.43M0.24%−8,427−4.9%Reduced
TD Waterhouse Canada Inc.169,009$7.71M0.05%+25,186+17.5%Added
Susquehanna International Group, LLP171,779$7.87M0.01%+48,747+39.6%Added
Janney Montgomery Scott LLC174,083$7.97M0.02%+5,114+3.0%Added
Flagship Harbor Advisors, LLC181,263$8.30M0.39%−2,297−1.3%Reduced
Euro Pacific Asset Management, LLC285,326$8.59M0.95%−13,240−4.4%Reduced
Evelyn Partners Investment Management Services Ltd193,487$8.86M1.11%+7,840+4.2%Added
Stifel Financial Corp198,043$9.07M0.01%+1,748+0.9%Added
Jones Financial Companies LLLP204,427$9.36M0.01%+63,926+45.5%Added
Concurrent Investment Advisors, LLC204,833$9.38M0.11%+91,001+79.9%Added
Kestra Advisory Services, LLC210,343$9.63M0.04%−10,514−4.8%Reduced
Intrepid Capital Management Inc220,068$10.1M3.90%−5,678−2.5%Reduced
TrustWell Financial Advisors, LLC228,448$10.5M10.12%+228,448New
Brookstone Capital Management229,280$10.5M0.12%+4,964+2.2%Added
Cadence Wealth Management LLC234,513$10.7M5.19%−31,178−11.7%Reduced
IFP Advisors, Inc234,680$10.7M0.24%+36,181+18.2%Added
Gem Investment Advisors, LLC235,091$10.8M10.21%+235,091New