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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
Pacific Sage Partners, LLC239,587$11.0M1.74%−30,922−11.4%Reduced
Arkadios Wealth Advisors240,931$11.0M0.22%+4,168+1.8%Added
Sapient Capital LLC237,789$11.2M0.16%00.0%Unchanged
NewEdge Wealth, LLC253,922$11.6M0.13%00.0%Unchanged
Northwestern Mutual Wealth Management Co259,040$11.9M0.01%+101,288+64.2%Added
Private Advisor Group, LLC272,148$12.5M0.06%+182,969+205.2%Added
Federation des caisses Desjardins du Quebec276,761$12.6M0.05%−15,237−5.2%Reduced
Thrivent Financial for Lutherans278,466$13.0M0.02%+86,215+44.8%Added
Wealth Enhancement Advisory Services, LLC262,792$13.0M0.02%+1,233+0.5%Added
Commonwealth Equity Services, LLC314,803$14.4M0.02%+16,979+5.7%Added
PFG Investments, LLC330,265$15.1M0.71%−11,495−3.4%Reduced
New Harbor Financial Group, LLC345,711$15.8M2.90%−6,225−1.8%Reduced
Shufro Rose & Co LLC352,806$16.2M1.09%+354+0.1%Added
Hollencrest Capital Management356,183$16.3M0.56%00.0%Unchanged
PYA Waltman Capital, LLC359,334$16.5M4.42%−123,226−25.5%Reduced
Cetera Investment Advisers371,611$17.0M0.02%−43,410−10.5%Reduced
Neuberger Berman Group LLC381,773$17.5M0.01%−10,441−2.7%Reduced
Inlight Wealth Management, LLC398,877$18.3M6.69%−2,844−0.7%Reduced
Matauro, LLC399,066$18.3M2.75%+10,522+2.7%Added
Tiaa Trust, National Association400,550$18.3M0.04%+425+0.1%Added
National Bank of Canada409,890$18.5M0.02%−63,222−13.4%Reduced
Evergreen Capital Management LLC440,169$20.2M0.45%−2,115−0.5%Reduced
Pekin Hardy Strauss, Inc.447,769$20.5M1.90%−10,198−2.2%Reduced
Advisor Group Holdings, Inc.456,966$20.9M0.03%+22,480+5.2%Added
Cambridge Investment Research Advisors, Inc.466,953$21.4M0.06%−14,351−3.0%Reduced
Spears Abacus Advisors LLC483,025$22.1M0.41%00.0%Unchanged
JPMorgan Chase & Co521,489$23.9M0.00%−7,265−1.4%Reduced
3EDGE Asset Management, LP556,287$26.3M1.36%+556,287New
Beaumont Financial Advisors, LLC586,803$26.9M1.77%+2,036+0.3%Added
Cohen & Steers, Inc.598,497$27.4M0.05%+20,000+3.5%Added
CIBC World Markets Inc.625,923$28.7M0.05%−6,125−1.0%Reduced
Ameriprise Financial Inc629,857$28.8M0.01%−123,252−16.4%Reduced
Bank of America Corp677,310$31.0M0.00%−15,947−2.3%Reduced
Sprott Inc.699,916$32.1M1.15%+35,800+5.4%Added
Wells Fargo & Company782,789$35.9M0.01%−8,513−1.1%Reduced
Cheviot Value Management, LLC626,340$37.0M3.64%−100,603−13.8%Reduced
Evelyn Partners Investment Management LLP811,531$37.2M1.03%+49,608+6.5%Added
LPL Financial LLC934,345$42.8M0.01%+21,663+2.4%Added
Raymond James Financial Inc1,076,432$49.3M0.02%−53,280−4.7%Reduced
Managed Asset Portfolios, LLC1,112,116$50.9M6.15%−27,757−2.4%Reduced
Baird Financial Group, Inc.1,279,380$58.6M0.09%−102,175−7.4%Reduced
Jupiter Asset Management Ltd3,604,249$164.8M1.32%+52,815+1.5%Added
Royal Bank of Canada3,732,106$170.9M0.03%−148,602−3.8%Reduced
Bleakley Financial Group, LLC4,851,346$222.2M3.86%−367,345−7.0%Reduced
Morgan Stanley5,627,038$257.7M0.02%+499,996+9.8%Added
Central Trust Co7,391,451$338.5M6.63%−431,577−5.5%Reduced
Guardian Partners Inc.0$00.00%−100,082−100.0%Sold out
Teacher Retirement System of Texas0$00.00%−100,000−100.0%Sold out
UBS Group AG0$00.00%−96,400−100.0%Sold out
Perritt Capital Management Inc0$00.00%−89,900−100.0%Sold out
Kiker Wealth Management, LLC0$00.00%−84,278−100.0%Sold out
Kovitz Investment Group Partners, LLC0$00.00%−62,330−100.0%Sold out
Lincoln Capital Corp0$00.00%−42,900−100.0%Sold out
Strategic Financial Concepts, LLC0$00.00%−29,304−100.0%Sold out
Barclays PLC0$00.00%−23,801−100.0%Sold out
Procyon Private Wealth Partners, LLC0$00.00%−16,397−100.0%Sold out
Mather Group, LLC.0$00.00%−8,372−100.0%Sold out
Western Wealth Management, LLC0$00.00%−7,545−100.0%Sold out
HRT Financial LP0$00.00%−7,268−100.0%Sold out
Van Hulzen Asset Management, LLC0$00.00%−6,854−100.0%Sold out
Stephens Inc0$00.00%−5,656−100.0%Sold out
Trevian Wealth Management LLC0$00.00%−5,500−100.0%Sold out
Strategic Advocates LLC0$00.00%−5,262−100.0%Sold out
Wealthspire Advisors, LLC0$00.00%−1,559−100.0%Sold out
Principal Securities, Inc.0$00.00%−920−100.0%Sold out
Wealth Preservation Advisors, LLC0$00.00%−864−100.0%Sold out
Ameritas Advisory Services, LLC0$00.00%−633−100.0%Sold out
Root Financial Partners, LLC0$00.00%−604−100.0%Sold out
Painted Porch Advisors LLC0$00.00%−385−100.0%Sold out
JDM Financial Group LLC0$00.00%−230−100.0%Sold out
SOA Wealth Advisors, LLC.0$00.00%−30−100.0%Sold out
Cobblestone Capital Advisors LLC––––Not filed
Moloney Securities Asset Management, LLC––––Not filed
Lokken Investment Group LLC––––Not filed
Creekmur Asset Management LLC––––Not filed
Lowe Wealth Advisors, LLC––––Not filed