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, Q4 2025
Institutional positions in Sprott Physical Gold 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
- 642
- +68 vs. Q3 2025
- Shares held
- 140.6M
- +6.63M (+4.9%) vs. Q3 2025
- Total value
- $4.66B
- +$687.5M (+17.3%) vs. Q3 2025
- New holders
- 98
- 181 more added
- Sold out
- 30
- 188 more reduced
10 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 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, Q4 2025
Shares, value and share of portfolio for each institution holding Sprott Physical Gold Trust; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Royal Bank of Canada | 9,516,053 | $314.2M | 0.06% | +724,321+8.2% | Added |
| Polar Asset Management Partners Inc. | 6,058,832 | $200.1M | 3.97% | −3,493,570−36.6% | Reduced |
| Federation des caisses Desjardins du Quebec | 5,589,846 | $184.6M | 0.71% | +125,087+2.3% | Added |
| Morgan Stanley | 5,374,013 | $177.4M | 0.01% | −340,442−6.0% | Reduced |
| Heritage Wealth Advisors | 5,138,572 | $169.7M | 6.48% | +5,138,572 | New |
| Central Trust Co | 4,388,329 | $144.9M | 2.84% | −260,852−5.6% | Reduced |
| Pekin Hardy Strauss, Inc. | 4,318,119 | $142.6M | 13.18% | +56,549+1.3% | Added |
| Evanson Asset Management, LLC | 4,080,010 | $134.7M | 7.37% | −458,182−10.1% | Reduced |
| Jupiter Asset Management Ltd | 3,457,370 | $114.2M | 0.91% | +311,515+9.9% | Added |
| Cambridge Investment Research Advisors, Inc. | 3,035,301 | $100.2M | 0.26% | +407,271+15.5% | Added |
| Captrust Financial Advisors | 2,544,917 | $84.0M | 0.16% | +84,018+3.4% | Added |
| LPL Financial LLC | 2,320,705 | $76.6M | 0.02% | +389,187+20.1% | Added |
| Bleakley Financial Group, LLC | 2,281,247 | $75.3M | 1.31% | −87,743−3.7% | Reduced |
| Sprott Inc. | 2,211,413 | $73.0M | 2.62% | −54,399−2.4% | Reduced |
| Matauro, LLC | 2,060,572 | $68.0M | 10.24% | −3,774−0.2% | Reduced |
| Raymond James Financial Inc | 1,793,169 | $59.2M | 0.02% | +137,527+8.3% | Added |
| South State Corp. | 1,792,640 | $59.2M | 2.65% | −43,694−2.4% | Reduced |
| Wells Fargo & Company | 1,759,517 | $58.1M | 0.01% | +4,197+0.2% | Added |
| Cetera Investment Advisers | 1,635,094 | $54.0M | 0.06% | −151,868−8.5% | Reduced |
| Envestnet Asset Management Inc | 1,513,889 | $50.0M | 0.01% | −98,244−6.1% | Reduced |
| Commonwealth Equity Services, LLC | 1,509,808 | $49.9M | 0.07% | −40,294−2.6% | Reduced |
| Beacon Pointe Advisors, LLC | 1,476,212 | $48.7M | 0.34% | +18,499+1.3% | Added |
| Forest Hill Capital, LLC | 1,448,500 | $47.8M | 24.45% | 00.0% | Unchanged |
| Wealth Enhancement Advisory Services, LLC | 1,171,451 | $40.2M | 0.05% | −27,179−2.3% | Reduced |
| Capital Wealth Alliance, LLC | 954,096 | $36.7M | 15.70% | −22,435−2.3% | Reduced |
| HighTower Advisors, LLC | 1,101,440 | $36.4M | 0.04% | +43,434+4.1% | Added |
| Advisor Group Holdings, Inc. | 1,076,604 | $35.5M | 0.05% | +81,555+8.2% | Added |
| Auxano Advisors, LLC | 1,019,611 | $33.7M | 6.65% | +43,509+4.5% | Added |
| Basepoint Wealth LLC | 1,001,803 | $33.1M | 20.10% | −58,434−5.5% | Reduced |
| Northwestern Mutual Wealth Management Co | 979,421 | $32.3M | 0.02% | −7,520−0.8% | Reduced |
| Kestra Advisory Services, LLC | 964,590 | $31.9M | 0.13% | −20,645−2.1% | Reduced |
| 3EDGE Asset Management, LP | 953,100 | $31.7M | 1.64% | +953,100 | New |
| Scotia Capital Inc. | 936,052 | $31.5M | 0.13% | +64,276+7.4% | Added |
| Bank of Montreal | 932,464 | $30.8M | 0.01% | +44,999+5.1% | Added |
| Bank of America Corp | 878,006 | $29.0M | 0.00% | −20,205−2.2% | Reduced |
| Schwarz Dygos Wheeler Investment Advisors LLC | 857,223 | $28.3M | 5.85% | −1,393−0.2% | Reduced |
| Van Den Berg Management I, Inc | 854,848 | $28.2M | 6.47% | −10,258−1.2% | Reduced |
| Stifel Financial Corp | 816,029 | $26.9M | 0.02% | +87,637+12.0% | Added |
| Toroso Investments, LLC | 762,568 | $25.2M | 0.11% | +112,186+17.2% | Added |
| CIBC World Markets Inc. | 705,406 | $23.3M | 0.04% | +57,201+8.8% | Added |
| Cyndeo Wealth Partners, LLC | 696,431 | $23.0M | 1.24% | +28,702+4.3% | Added |
| Marex Group plc | 662,106 | $21.9M | 0.24% | +31,676+5.0% | Added |
| Private Advisor Group, LLC | 631,233 | $20.8M | 0.10% | −329,615−34.3% | Reduced |
| Spears Abacus Advisors LLC | 614,790 | $20.3M | 0.38% | 00.0% | Unchanged |
| Meixler Investment Management, Ltd. | 592,961 | $19.6M | 11.90% | −17,705−2.9% | Reduced |
| National Bank of Canada | 592,806 | $19.4M | 0.02% | +30,290+5.4% | Added |
| Susquehanna International Group, LLP | 583,129 | $19.3M | 0.03% | +381,991+189.9% | Added |
| Laird Norton Trust Company, LLC | 568,643 | $18.8M | 0.39% | +241,562+73.9% | Added |
| O'Brien Greene & Co. Inc | 565,616 | $18.7M | 5.54% | +31,714+5.9% | Added |
| Fidelis Capital Partners, LLC | 543,915 | $18.0M | 1.30% | 00.0% | Unchanged |
| Wealthcare Capital Management LLC | 542,246 | $17.9M | 1.78% | −79,064−12.7% | Reduced |
| TCP Asset Management, LLC | 539,205 | $17.8M | 3.00% | −36,947−6.4% | Reduced |
| Cohen & Steers, Inc. | 522,155 | $17.2M | 0.03% | +20,000+4.0% | Added |
| Integrated Wealth Concepts LLC | 520,078 | $17.2M | 0.20% | +10,221+2.0% | Added |
| Leavell Investment Management, Inc. | 517,311 | $17.1M | 0.71% | +239,175+86.0% | Added |
| Wealthcare Advisory Partners LLC | 506,481 | $16.7M | 0.33% | +955+0.2% | Added |
| BIP Wealth, LLC | 491,350 | $16.2M | 0.57% | +378,445+335.2% | Added |
| Prospera Financial Services Inc | 480,041 | $15.9M | 0.26% | −44,859−8.5% | Reduced |
| Baird Financial Group, Inc. | 466,425 | $15.4M | 0.02% | −297,871−39.0% | Reduced |
| Hengehold Capital Management LLC | 465,752 | $15.4M | 1.30% | −11,823−2.5% | Reduced |
| Mountain Lake Investment Management LLC | 451,183 | $14.9M | 11.32% | −10,957−2.4% | Reduced |
| JP Wealth Management, Inc. | 429,770 | $14.2M | 10.03% | +96,635+29.0% | Added |
| Sanctuary Advisors, LLC | 426,979 | $14.1M | 0.08% | +96,458+29.2% | Added |
| Summit Financial, LLC | 419,308 | $13.8M | 0.20% | +44,631+11.9% | Added |
| Essential Partners LLC | 415,830 | $13.7M | 4.23% | +11,963+3.0% | Added |
| IMC-Chicago, LLC | 412,085 | $13.6M | 0.24% | +302,082+274.6% | Added |
| Oberndorf William E | 411,371 | $13.6M | 17.20% | +189,207+85.2% | Added |
| Essex Financial Services, Inc. | 402,254 | $13.3M | 0.76% | −1,358−0.3% | Reduced |
| Global Endowment Management, LP | 396,000 | $13.1M | 1.63% | 00.0% | Unchanged |
| Harbour Wealth Management Group, Inc. | 394,729 | $13.0M | 10.19% | +394,729 | New |
| Kera Capital Partners, Inc. | 356,193 | $13.0M | 1.60% | +127,170+55.5% | Added |
| Asset One Wealth Management LLC | 364,106 | $12.7M | 1.75% | +364,106 | New |
| TD Waterhouse Canada Inc. | 383,643 | $12.7M | 0.08% | +57,380+17.6% | Added |
| Farther Finance Advisors, LLC | 382,269 | $12.6M | 0.14% | +1,994+0.5% | Added |
| Tiaa Trust, National Association | 374,029 | $12.4M | 0.03% | +2,006+0.5% | Added |
| Transcend Wealth Collective, LLC | 367,978 | $12.2M | 0.94% | +19,949+5.7% | Added |
| Vident Advisory, LLC | 363,846 | $12.0M | 0.11% | +24,747+7.3% | Added |
| Guild Investment Management, Inc. | 363,845 | $12.0M | 8.91% | −330−0.1% | Reduced |
| Accordant Advisory Group Inc | 359,717 | $11.9M | 8.20% | −14,801−4.0% | Reduced |
| TrustWell Financial Advisors, LLC | 352,764 | $11.6M | 11.26% | +352,764 | New |
| JPMorgan Chase & Co | 348,771 | $11.5M | 0.00% | +5,867+1.7% | Added |
| Ancora Advisors, LLC | 348,538 | $11.5M | 0.24% | +2,737+0.8% | Added |
| Fulcrum Wealth Advisors, LLC | 344,740 | $11.4M | 9.37% | +344,740 | New |
| SMI Advisory Services, LLC | 323,644 | $11.3M | 1.95% | −15,699−4.6% | Reduced |
| Mariner, LLC | 342,270 | $11.3M | 0.01% | −10,881−3.1% | Reduced |
| Kingsview Wealth Management, LLC | 338,489 | $11.2M | 0.16% | +49,850+17.3% | Added |
| Jane Street Group, LLC | 330,187 | $10.9M | 0.01% | +10,723+3.4% | Added |
| Philadelphia Trust Co | 329,403 | $10.9M | 0.75% | −16,760−4.8% | Reduced |
| Pacific Sage Partners, LLC | 321,988 | $10.6M | 1.69% | +811+0.3% | Added |
| Advisory Services Network, LLC | 312,269 | $10.3M | 0.15% | −16,017−4.9% | Reduced |
| MAI Capital Management | 302,791 | $10.0M | 0.06% | +287,097+1,829.3% | Added |
| Blueprint Investment Partners LLC | 297,549 | $9.83M | 1.05% | +69,162+30.3% | Added |
| Blueprint Financial Advisors LLC | 297,549 | $9.83M | 1.50% | +69,162+30.3% | Added |
| Janney Montgomery Scott LLC | 295,501 | $9.76M | 0.02% | −16,705−5.4% | Reduced |
| Biltmore Family Office, LLC | 290,490 | $9.59M | 1.32% | −2,500−0.9% | Reduced |
| Ausdal Financial Partners, Inc. | 288,712 | $9.53M | 0.44% | −8,781−3.0% | Reduced |
| Silvercrest Asset Management Group LLC | 283,322 | $9.36M | 0.06% | −72,372−20.3% | Reduced |
| K.J. Harrison & Partners Inc | 268,206 | $8.87M | 1.18% | −18,290−6.4% | Reduced |
| Steward Partners Investment Advisory, LLC | 266,534 | $8.80M | 0.05% | −21,727−7.5% | Reduced |
| Courage Capital Management LLC | 264,500 | $8.73M | 12.07% | 00.0% | Unchanged |