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, Q3 2025
Institutional positions in Sprott Physical Gold 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
- 584
- +34 vs. Q2 2025
- Shares held
- 134.2M
- −5.61M (−4.0%) vs. Q2 2025
- Total value
- $3.98B
- +$426.8M (+12.0%) vs. Q2 2025
- New holders
- 56
- 197 more added
- Sold out
- 22
- 138 more reduced
9 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 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, Q3 2025
Shares, value and share of portfolio for each institution holding Sprott Physical Gold Trust; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Polar Asset Management Partners Inc. | 9,552,402 | $282.9M | 5.73% | −6,256,783−39.6% | Reduced |
| Royal Bank of Canada | 8,791,732 | $260.4M | 0.05% | +538,551+6.5% | Added |
| Morgan Stanley | 5,714,455 | $169.3M | 0.01% | +189,637+3.4% | Added |
| Federation des caisses Desjardins du Quebec | 5,464,759 | $161.7M | 0.64% | +119,397+2.2% | Added |
| Central Trust Co | 4,649,181 | $137.7M | 2.88% | +388,033+9.1% | Added |
| Evanson Asset Management, LLC | 4,538,192 | $134.4M | 7.79% | −304,894−6.3% | Reduced |
| Pekin Hardy Strauss, Inc. | 4,261,570 | $126.2M | 12.68% | −49,288−1.1% | Reduced |
| Jupiter Asset Management Ltd | 3,145,855 | $92.9M | 0.80% | +896,347+39.8% | Added |
| Cambridge Investment Research Advisors, Inc. | 2,628,030 | $77.8M | 0.21% | +122,982+4.9% | Added |
| Captrust Financial Advisors | 2,460,899 | $72.9M | 0.15% | +7,559+0.3% | Added |
| Bleakley Financial Group, LLC | 2,368,990 | $70.2M | 1.63% | −150,051−6.0% | Reduced |
| Sprott Inc. | 2,265,812 | $67.1M | 2.52% | +323,383+16.6% | Added |
| Matauro, LLC | 2,064,346 | $61.1M | 9.72% | +44,346+2.2% | Added |
| LPL Financial LLC | 1,931,518 | $57.2M | 0.02% | +269,612+16.2% | Added |
| South State Corp. | 1,836,334 | $54.4M | 2.51% | −35,156−1.9% | Reduced |
| Cetera Investment Advisers | 1,786,962 | $52.9M | 0.06% | +587,652+49.0% | Added |
| Wells Fargo & Company | 1,755,320 | $52.0M | 0.01% | +152,379+9.5% | Added |
| Raymond James Financial Inc | 1,655,642 | $49.0M | 0.02% | −34,142−2.0% | Reduced |
| Envestnet Asset Management Inc | 1,612,133 | $47.8M | 0.01% | −5,037−0.3% | Reduced |
| Commonwealth Equity Services, LLC | 1,550,102 | $45.9M | 0.06% | +96,478+6.6% | Added |
| Beacon Pointe Advisors, LLC | 1,457,713 | $43.2M | 0.37% | +859,932+143.9% | Added |
| Forest Hill Capital, LLC | 1,448,500 | $42.9M | 25.25% | 00.0% | Unchanged |
| Wealth Enhancement Advisory Services, LLC | 1,198,630 | $36.5M | 0.06% | +35,989+3.1% | Added |
| Basepoint Wealth LLC | 1,060,237 | $31.4M | 22.25% | −38,305−3.5% | Reduced |
| HighTower Advisors, LLC | 1,058,006 | $31.3M | 0.04% | +86,944+9.0% | Added |
| Northwestern Mutual Wealth Management Co | 986,941 | $29.2M | 0.02% | +17,283+1.8% | Added |
| Kestra Advisory Services, LLC | 985,235 | $29.2M | 0.13% | −433,041−30.5% | Reduced |
| Capital Wealth Alliance, LLC | 976,531 | $28.9M | 14.37% | +3,546+0.4% | Added |
| Auxano Advisors, LLC | 976,102 | $28.9M | 6.15% | −31,704−3.1% | Reduced |
| Private Advisor Group, LLC | 960,848 | $28.5M | 0.14% | −232,056−19.5% | Reduced |
| Advisor Group Holdings, Inc. | 995,049 | $27.5M | 0.04% | +67,359+7.3% | Added |
| Bank of America Corp | 898,211 | $26.6M | 0.00% | −11,242−1.2% | Reduced |
| Bank of Montreal | 887,465 | $26.3M | 0.01% | +6,221+0.7% | Added |
| Scotia Capital Inc. | 871,776 | $26.0M | 0.11% | +3,152+0.4% | Added |
| Van Den Berg Management I, Inc | 865,106 | $25.6M | 6.42% | −1,506−0.2% | Reduced |
| Schwarz Dygos Wheeler Investment Advisors LLC | 858,616 | $25.4M | 5.39% | −7,641−0.9% | Reduced |
| Baird Financial Group, Inc. | 764,296 | $22.6M | 0.04% | −27,927−3.5% | Reduced |
| Stifel Financial Corp | 728,392 | $21.6M | 0.02% | +103,352+16.5% | Added |
| Cyndeo Wealth Partners, LLC | 667,729 | $19.8M | 1.10% | −4,610−0.7% | Reduced |
| Toroso Investments, LLC | 650,382 | $19.3M | 0.08% | −217,193−25.0% | Reduced |
| CIBC World Markets Inc. | 648,205 | $19.2M | 0.04% | +48,090+8.0% | Added |
| Marex Group plc | 630,430 | $18.7M | 0.23% | +630,430 | New |
| Wealthcare Capital Management LLC | 621,310 | $18.4M | 1.87% | −456,647−42.4% | Reduced |
| Concorde Financial Corp | 616,691 | $18.3M | 10.12% | −4,232−0.7% | Reduced |
| Spears Abacus Advisors LLC | 614,790 | $18.2M | 0.34% | 00.0% | Unchanged |
| Meixler Investment Management, Ltd. | 610,666 | $18.1M | 11.09% | −21,311−3.4% | Reduced |
| TCP Asset Management, LLC | 576,152 | $17.1M | 3.04% | +3,729+0.7% | Added |
| National Bank of Canada | 562,516 | $16.5M | 0.02% | +44,367+8.6% | Added |
| Fidelis Capital Partners, LLC | 543,915 | $16.1M | 1.26% | 00.0% | Unchanged |
| O'Brien Greene & Co. Inc | 533,902 | $15.8M | 4.86% | −6,484−1.2% | Reduced |
| Prospera Financial Services Inc | 524,900 | $15.5M | 0.27% | +42,057+8.7% | Added |
| Integrated Wealth Concepts LLC | 509,857 | $15.1M | 0.14% | +62,555+14.0% | Added |
| Cerity Partners LLC | 508,322 | $15.1M | 0.02% | +430,358+552.0% | Added |
| Wealthcare Advisory Partners LLC | 505,526 | $15.0M | 0.31% | +17,368+3.6% | Added |
| Cohen & Steers, Inc. | 502,155 | $14.9M | 0.03% | 00.0% | Unchanged |
| Hengehold Capital Management LLC | 477,575 | $14.1M | 1.21% | +21,124+4.6% | Added |
| Mountain Lake Investment Management LLC | 462,140 | $13.7M | 10.19% | −28,453−5.8% | Reduced |
| Quilter Plc | 439,713 | $13.0M | 0.22% | −8,380−1.9% | Reduced |
| Essential Partners LLC | 403,867 | $12.0M | 3.95% | −11,405−2.7% | Reduced |
| Essex Financial Services, Inc. | 403,612 | $12.0M | 0.72% | −1,585−0.4% | Reduced |
| Global Endowment Management, LP | 396,000 | $11.7M | 1.47% | 00.0% | Unchanged |
| Farther Finance Advisors, LLC | 380,275 | $11.3M | 0.17% | −300−0.1% | Reduced |
| Strategic Blueprint, LLC | 377,026 | $11.2M | 0.49% | +42,900+12.8% | Added |
| Summit Financial, LLC | 374,677 | $11.1M | 0.17% | +98,571+35.7% | Added |
| Accordant Advisory Group Inc | 374,518 | $11.1M | 7.55% | +3,087+0.8% | Added |
| Tiaa Trust, National Association | 372,023 | $11.0M | 0.03% | +33,938+10.0% | Added |
| Guild Investment Management, Inc. | 364,175 | $10.8M | 8.56% | +720+0.2% | Added |
| Silvercrest Asset Management Group LLC | 355,694 | $10.5M | 0.07% | 00.0% | Unchanged |
| Mariner, LLC | 353,151 | $10.5M | 0.01% | +6,548+1.9% | Added |
| Transcend Wealth Collective, LLC | 348,029 | $10.3M | 0.73% | +38,280+12.4% | Added |
| Philadelphia Trust Co | 346,163 | $10.3M | 0.72% | −13,324−3.7% | Reduced |
| Ancora Advisors, LLC | 345,801 | $10.2M | 0.21% | +42,405+14.0% | Added |
| JPMorgan Chase & Co | 342,904 | $10.2M | 0.00% | +43,421+14.5% | Added |
| SMI Advisory Services, LLC | 339,343 | $10.1M | 1.92% | −2,558−0.7% | Reduced |
| Vident Advisory, LLC | 339,099 | $10.0M | 0.10% | +16,835+5.2% | Added |
| JP Wealth Management, Inc. | 333,135 | $9.87M | 6.64% | +140,180+72.6% | Added |
| Sanctuary Advisors, LLC | 330,521 | $9.79M | 0.06% | +7,308+2.3% | Added |
| Advisory Services Network, LLC | 328,286 | $9.72M | 0.14% | +21,839+7.1% | Added |
| TD Waterhouse Canada Inc. | 326,263 | $9.69M | 0.06% | +35,736+12.3% | Added |
| Laird Norton Trust Company, LLC | 327,081 | $9.69M | 1.66% | +22,425+7.4% | Added |
| Pacific Sage Partners, LLC | 321,177 | $9.51M | 1.59% | +1,024+0.3% | Added |
| Jane Street Group, LLC | 319,464 | $9.46M | 0.01% | −1,298,812−80.3% | Reduced |
| Ameritas Advisory Services, LLC | 317,902 | $9.42M | 0.62% | +162,311+104.3% | Added |
| Janney Montgomery Scott LLC | 312,206 | $9.25M | 0.02% | +12,090+4.0% | Added |
| Ausdal Financial Partners, Inc. | 297,493 | $8.81M | 0.43% | +5,042+1.7% | Added |
| Biltmore Family Office, LLC | 292,990 | $8.68M | 1.23% | −2,000−0.7% | Reduced |
| Kingsview Wealth Management, LLC | 288,639 | $8.55M | 0.13% | +45,230+18.6% | Added |
| Steward Partners Investment Advisory, LLC | 288,261 | $8.54M | 0.05% | +6,374+2.3% | Added |
| K.J. Harrison & Partners Inc | 286,496 | $8.48M | 1.21% | +12,298+4.5% | Added |
| Sowell Financial Services LLC | 280,272 | $8.30M | 0.32% | −27,816−9.0% | Reduced |
| Leavell Investment Management, Inc. | 278,136 | $8.24M | 0.35% | +113,726+69.2% | Added |
| Chemung Canal Trust Co | 277,740 | $8.23M | 1.64% | −76,810−21.7% | Reduced |
| WIT Partners Advisory Pte. Ltd. | 276,187 | $7.96M | 2.95% | +276,187 | New |
| Pasadena Private Wealth, LLC | 267,864 | $7.93M | 1.14% | +58,385+27.9% | Added |
| Courage Capital Management LLC | 264,500 | $7.83M | 10.35% | 00.0% | Unchanged |
| PFG Investments, LLC | 259,036 | $7.67M | 0.40% | +1,225+0.5% | Added |
| Hubbell Strickland Wealth Management, LLC | 258,311 | $7.65M | 3.15% | −1,667−0.6% | Reduced |
| Blair William & Co | 257,356 | $7.62M | 0.02% | −1,000−0.4% | Reduced |
| Barclays PLC | 252,761 | $7.49M | 0.00% | −13,500−5.1% | Reduced |
| Money Concepts Capital Corp | 251,541 | $7.45M | 0.46% | −1,539−0.6% | Reduced |