Sprott Physical Gold Trust
PHYS- Exchange
- NYSE
- Industry
- Commodity Contracts Brokers & Dealers
- SEC CIK
- 0001477049
No open-market purchases or sales by Sprott Physical Gold Trust insiders were filed in the last 90 days; 655 institutions reported holding it in 13F filings for Q2 2026, worth $4.40B in total; Semper Augustus is the only superinvestor holding it.
13F holders, Q2 2025
Institutional positions in Sprott Physical Gold Trust as of Jun 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
- 559
- +24 vs. Q1 2025
- Shares held
- 140.5M
- +15.1M (+12.0%) vs. Q1 2025
- Total value
- $3.57B
- +$552.2M (+18.3%) vs. Q1 2025
- New holders
- 56
- 171 more added
- Sold out
- 32
- 178 more reduced
6 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q1 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting PHYS 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 655 | $4.40B |
| Q1 2026 | 683 | $4.84B |
| Q4 2025 | 642 | $4.66B |
| Q3 2025 | 584 | $3.98B |
| Q2 2025 | 559 | $3.57B |
| Q1 2025 | 541 | $3.02B |
| Q4 2024 | 495 | $2.48B |
| Q3 2024 | 467 | $2.52B |
| Q2 2024 | 434 | $2.12B |
| Q1 2024 | 411 | $2.04B |
| Q4 2023 | 404 | $1.85B |
| Q3 2023 | 391 | $1.75B |
| Q2 2023 | 384 | $1.66B |
| Q1 2023 | 390 | $1.80B |
| Q4 2022 | 386 | $1.58B |
| Q3 2022 | 365 | $1.42B |
| Q2 2022 | 381 | $1.58B |
| Q1 2022 | 378 | $1.70B |
| Q4 2021 | 355 | $1.45B |
| Q3 2021 | 328 | $1.37B |
| Q2 2021 | 320 | $1.30B |
| Q1 2021 | 312 | $1.22B |
Institutions, Q2 2025
Shares, value and share of portfolio for each institution holding Sprott Physical Gold Trust; share changes are against Q1 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Polar Asset Management Partners Inc. | 15,809,185 | $400.8M | 9.99% | +11,987,630+313.7% | Added |
| Royal Bank of Canada | 8,253,181 | $209.2M | 0.04% | +335,203+4.2% | Added |
| Morgan Stanley | 5,524,818 | $140.1M | 0.01% | −202,989−3.5% | Reduced |
| Federation des caisses Desjardins du Quebec | 5,345,362 | $134.6M | 0.59% | +41,316+0.8% | Added |
| Evanson Asset Management, LLC | 4,843,086 | $122.8M | 7.88% | −183,503−3.7% | Reduced |
| Pekin Hardy Strauss, Inc. | 4,310,858 | $109.3M | 12.45% | +84,300+2.0% | Added |
| Central Trust Co | 4,261,148 | $108.0M | 2.49% | −382,825−8.2% | Reduced |
| IMC-Chicago, LLC | 3,204,243 | $81.2M | 2.03% | +3,095,611+2,849.6% | Added |
| Bleakley Financial Group, LLC | 2,519,041 | $63.9M | 1.62% | −253,333−9.1% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 2,505,048 | $63.5M | 0.19% | +137,871+5.8% | Added |
| Captrust Financial Advisors | 2,453,340 | $62.2M | 0.14% | +22,778+0.9% | Added |
| Jupiter Asset Management Ltd | 2,249,508 | $56.8M | 0.47% | +296,330+15.2% | Added |
| Matauro, LLC | 2,020,000 | $51.2M | 9.61% | −121,018−5.7% | Reduced |
| Sprott Inc. | 1,942,429 | $49.2M | 2.46% | −45,807−2.3% | Reduced |
| South State Corp. | 1,871,490 | $47.4M | 2.07% | −13,585−0.7% | Reduced |
| Raymond James Financial Inc | 1,689,784 | $42.8M | 0.01% | −387,859−18.7% | Reduced |
| LPL Financial LLC | 1,661,906 | $42.1M | 0.01% | +201,616+13.8% | Added |
| Jane Street Group, LLC | 1,618,276 | $41.0M | 0.07% | +642,224+65.8% | Added |
| Envestnet Asset Management Inc | 1,617,170 | $41.0M | 0.01% | −65,141−3.9% | Reduced |
| Wells Fargo & Company | 1,602,941 | $40.6M | 0.01% | +86,437+5.7% | Added |
| Commonwealth Equity Services, LLC | 1,453,624 | $36.8M | 0.05% | −78,635−5.1% | Reduced |
| Forest Hill Capital, LLC | 1,448,500 | $36.7M | 26.05% | 00.0% | Unchanged |
| Kestra Advisory Services, LLC | 1,418,276 | $36.0M | 0.18% | +420,430+42.1% | Added |
| Bank of Montreal | 881,244 | $30.4M | 0.02% | +68,986+8.5% | Added |
| Cetera Investment Advisers | 1,199,310 | $30.4M | 0.05% | +44,234+3.8% | Added |
| Private Advisor Group, LLC | 1,192,904 | $30.2M | 0.16% | −114,794−8.8% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 1,162,641 | $29.7M | 0.05% | −9,743−0.8% | Reduced |
| Basepoint Wealth LLC | 1,098,542 | $27.8M | 21.52% | −58,352−5.0% | Reduced |
| Wealthcare Capital Management LLC | 1,077,957 | $27.3M | 2.89% | −621,232−36.6% | Reduced |
| Auxano Advisors, LLC | 1,007,806 | $25.5M | 5.97% | −12,806−1.3% | Reduced |
| Capital Wealth Alliance, LLC | 972,985 | $24.7M | 13.26% | +655+0.1% | Added |
| HighTower Advisors, LLC | 971,062 | $24.6M | 0.03% | +71,279+7.9% | Added |
| Northwestern Mutual Wealth Management Co | 969,658 | $24.6M | 0.02% | +26,246+2.8% | Added |
| Advisor Group Holdings, Inc. | 927,690 | $23.5M | 0.04% | −281,992−23.3% | Reduced |
| Bank of America Corp | 909,453 | $23.1M | 0.00% | −28,559−3.0% | Reduced |
| Scotia Capital Inc. | 868,624 | $22.2M | 0.10% | +110,525+14.6% | Added |
| Toroso Investments, LLC | 867,575 | $22.0M | 0.14% | +277,648+47.1% | Added |
| Van Den Berg Management I, Inc | 866,612 | $22.0M | 6.24% | −5,917−0.7% | Reduced |
| Schwarz Dygos Wheeler Investment Advisors LLC | 866,257 | $22.0M | 5.00% | +6,046+0.7% | Added |
| Baird Financial Group, Inc. | 792,223 | $20.1M | 0.04% | +19,349+2.5% | Added |
| 3EDGE Asset Management, LP | 688,425 | $17.2M | 1.07% | +15,674+2.3% | Added |
| Cyndeo Wealth Partners, LLC | 672,339 | $17.0M | 1.01% | +6,909+1.0% | Added |
| Meixler Investment Management, Ltd. | 631,977 | $16.0M | 11.04% | −22,293−3.4% | Reduced |
| Stifel Financial Corp | 625,040 | $15.8M | 0.02% | +4,351+0.7% | Added |
| Concorde Financial Corp | 620,923 | $15.7M | 9.31% | −222,374−26.4% | Reduced |
| Spears Abacus Advisors LLC | 614,790 | $15.6M | 0.31% | −800−0.1% | Reduced |
| CIBC World Markets Inc. | 600,115 | $15.2M | 0.03% | +40,271+7.2% | Added |
| Beacon Pointe Advisors, LLC | 597,781 | $15.2M | 0.16% | +43,296+7.8% | Added |
| TCP Asset Management, LLC | 572,423 | $14.5M | 2.88% | −34,062−5.6% | Reduced |
| Fidelis Capital Partners, LLC | 543,915 | $14.1M | 1.28% | −9,365−1.7% | Reduced |
| Avantax Advisory Services, Inc. | 545,100 | $13.8M | 0.08% | +132,995+32.3% | Added |
| O'Brien Greene & Co. Inc | 540,386 | $13.7M | 4.48% | +30,014+5.9% | Added |
| National Bank of Canada | 518,149 | $12.9M | 0.01% | +18,633+3.7% | Added |
| Cohen & Steers, Inc. | 502,155 | $12.7M | 0.02% | 00.0% | Unchanged |
| Mountain Lake Investment Management LLC | 490,593 | $12.4M | 10.35% | 00.0% | Unchanged |
| Wealthcare Advisory Partners LLC | 488,158 | $12.4M | 0.28% | −53,546−9.9% | Reduced |
| Prospera Financial Services Inc | 482,843 | $12.2M | 0.23% | +160,832+49.9% | Added |
| Hengehold Capital Management LLC | 456,451 | $11.6M | 1.05% | +414,288+982.6% | Added |
| Quilter Plc | 448,093 | $11.4M | 0.21% | −11,638−2.5% | Reduced |
| Integrated Wealth Concepts LLC | 447,302 | $11.3M | 0.11% | −124,398−21.8% | Reduced |
| Essential Partners LLC | 415,272 | $10.5M | 4.20% | +415,272 | New |
| Essex Financial Services, Inc. | 405,197 | $10.3M | 0.67% | −12,549−3.0% | Reduced |
| Global Endowment Management, LP | 396,000 | $10.0M | 1.34% | 00.0% | Unchanged |
| Farther Finance Advisors, LLC | 380,575 | $9.65M | 0.19% | +205,733+117.7% | Added |
| Accordant Advisory Group Inc | 371,431 | $9.42M | 7.01% | +35,343+10.5% | Added |
| Winnow Wealth LLC | 371,431 | $9.42M | 7.01% | +371,431 | New |
| Guild Investment Management, Inc. | 363,455 | $9.21M | 8.00% | −21,584−5.6% | Reduced |
| Philadelphia Trust Co | 359,487 | $9.11M | 0.70% | −69,627−16.2% | Reduced |
| Silvercrest Asset Management Group LLC | 355,694 | $9.02M | 0.06% | −9,236−2.5% | Reduced |
| Chemung Canal Trust Co | 354,550 | $8.99M | 1.89% | −4,165−1.2% | Reduced |
| Mariner, LLC | 346,603 | $8.79M | 0.01% | −205,099−37.2% | Reduced |
| SMI Advisory Services, LLC | 341,901 | $8.76M | 1.69% | −3,384−1.0% | Reduced |
| Tiaa Trust, National Association | 338,085 | $8.57M | 0.02% | +216,160+177.3% | Added |
| Strategic Blueprint, LLC | 334,126 | $8.47M | 0.42% | +20,888+6.7% | Added |
| Sanctuary Advisors, LLC | 323,213 | $8.19M | 0.05% | +13,353+4.3% | Added |
| Vident Advisory, LLC | 322,264 | $8.17M | 0.09% | −13,109−3.9% | Reduced |
| Pacific Sage Partners, LLC | 320,153 | $8.12M | 1.61% | −6,832−2.1% | Reduced |
| Transcend Wealth Collective, LLC | 309,749 | $7.85M | 0.61% | +73,878+31.3% | Added |
| Sowell Financial Services LLC | 308,088 | $7.81M | 0.32% | +256,961+502.6% | Added |
| Laird Norton Trust Company, LLC | 304,656 | $7.72M | 1.06% | +22,363+7.9% | Added |
| Advisory Services Network, LLC | 306,447 | $7.71M | 0.12% | −24,105−7.3% | Reduced |
| Ancora Advisors, LLC | 303,396 | $7.69M | 0.16% | +25,518+9.2% | Added |
| Janney Montgomery Scott LLC | 300,116 | $7.61M | 0.02% | −86,647−22.4% | Reduced |
| JPMorgan Chase & Co | 299,483 | $7.59M | 0.00% | −236,521−44.1% | Reduced |
| Amitell Capital Pte Ltd | 295,959 | $7.50M | 4.21% | 00.0% | Unchanged |
| Biltmore Family Office, LLC | 294,990 | $7.48M | 1.26% | −4,485−1.5% | Reduced |
| Bailard, Inc. | 294,738 | $7.47M | 0.17% | 00.0% | Unchanged |
| Ausdal Financial Partners, Inc. | 292,451 | $7.41M | 0.49% | +56,154+23.8% | Added |
| TD Waterhouse Canada Inc. | 290,527 | $7.41M | 0.05% | +59,362+25.7% | Added |
| Steward Partners Investment Advisory, LLC | 281,887 | $7.15M | 0.06% | −16,742−5.6% | Reduced |
| Summit Financial, LLC | 276,106 | $7.00M | 0.16% | +232,447+532.4% | Added |
| K.J. Harrison & Partners Inc | 274,198 | $6.94M | 1.15% | +93,750+52.0% | Added |
| Barclays PLC | 266,261 | $6.75M | 0.00% | +252,761+1,872.3% | Added |
| Courage Capital Management LLC | 264,500 | $6.71M | 9.89% | 00.0% | Unchanged |
| Manatuck Hill Partners, LLC | 262,500 | $6.65M | 2.50% | −150,000−36.4% | Reduced |
| Hubbell Strickland Wealth Management, LLC | 259,978 | $6.59M | 2.91% | −5,887−2.2% | Reduced |
| Blair William & Co | 258,356 | $6.55M | 0.02% | −41,849−13.9% | Reduced |
| PFG Investments, LLC | 257,811 | $6.54M | 0.38% | +1,290+0.5% | Added |
| Evergreen Capital Management LLC | 254,542 | $6.45M | 0.19% | −4,638−1.8% | Reduced |
| Money Concepts Capital Corp | 253,080 | $6.42M | 0.43% | −4,260−1.7% | Reduced |