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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.

Institutional holdersQ4 2025: 642 institutions
Q1 2021: 312 institutionsQ2 2021: 320 institutionsQ3 2021: 328 institutionsQ4 2021: 355 institutionsQ1 2022: 378 institutionsQ2 2022: 381 institutionsQ3 2022: 365 institutionsQ4 2022: 386 institutionsQ1 2023: 390 institutionsQ2 2023: 384 institutionsQ3 2023: 391 institutionsQ4 2023: 404 institutionsQ1 2024: 411 institutionsQ2 2024: 434 institutionsQ3 2024: 467 institutionsQ4 2024: 495 institutionsQ1 2025: 541 institutionsQ2 2025: 559 institutionsQ3 2025: 584 institutionsQ4 2025: 642 institutionsQ1 2026: 683 institutionsQ2 2026: 655 institutions
Value heldQ4 2025: $4.66B
Q1 2021: $1.22BQ2 2021: $1.30BQ3 2021: $1.37BQ4 2021: $1.45BQ1 2022: $1.70BQ2 2022: $1.58BQ3 2022: $1.42BQ4 2022: $1.58BQ1 2023: $1.80BQ2 2023: $1.66BQ3 2023: $1.75BQ4 2023: $1.85BQ1 2024: $2.04BQ2 2024: $2.12BQ3 2024: $2.52BQ4 2024: $2.48BQ1 2025: $3.02BQ2 2025: $3.57BQ3 2025: $3.98BQ4 2025: $4.66BQ1 2026: $4.84BQ2 2026: $4.40B
Institutions holding PHYS and their total value by quarter
QuarterHoldersValue
Q2 2026655$4.40B
Q1 2026683$4.84B
Q4 2025642$4.66B
Q3 2025584$3.98B
Q2 2025559$3.57B
Q1 2025541$3.02B
Q4 2024495$2.48B
Q3 2024467$2.52B
Q2 2024434$2.12B
Q1 2024411$2.04B
Q4 2023404$1.85B
Q3 2023391$1.75B
Q2 2023384$1.66B
Q1 2023390$1.80B
Q4 2022386$1.58B
Q3 2022365$1.42B
Q2 2022381$1.58B
Q1 2022378$1.70B
Q4 2021355$1.45B
Q3 2021328$1.37B
Q2 2021320$1.30B
Q1 2021312$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.

Institutions holding PHYS in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Huntington National Bank–$5.58M0.03%––
Abacus Planning Group, Inc.170,885$5.64M0.75%00.0%Unchanged
Beaumont Financial Advisors, LLC183,278$6.05M0.40%+13,214+7.8%Added
Chicago Capital, LLC186,978$6.17M0.15%00.0%Unchanged
Lifetime Wealth Management P.C.195,013$6.44M4.04%+195,013New
Camden Capital, LLC196,585$6.49M0.41%00.0%Unchanged
Geneos Wealth Management Inc.198,049$6.54M0.16%−11,052−5.3%Reduced
CI Private Wealth, LLC198,648$6.56M0.01%+30,906+18.4%Added
Proficio Capital Partners LLC199,180$6.58M0.46%+156,080+362.1%Added
Sentinus, LLC199,762$6.60M0.63%+199,762New
AQR Capital Management LLC199,902$6.60M0.00%+10,309+5.4%Added
Dakota Wealth Management200,628$6.62M0.12%+53,411+36.3%Added
Intesa Sanpaolo Wealth Management202,000$6.67M1.38%+202,000New
Ameritas Advisory Services, LLC203,104$6.71M0.25%−114,798−36.1%Reduced
Basecamp Wealth Advisors LLC203,357$6.71M1.43%+203,357New
Macroview Investment Management LLC203,597$6.72M4.63%−1,017−0.5%Reduced
Palumbo Wealth Management LLC204,306$6.75M1.66%+5,890+3.0%Added
Eaton Financial Holdings Company, LLC204,814$6.76M1.82%+204,814New
WIT Partners Advisory Pte. Ltd.213,687$6.81M2.36%−62,500−22.6%Reduced
Elevate Capital Advisors, LLC206,666$6.82M4.51%+3,555+1.8%Added
Pensionmark Financial Group, LLC207,688$6.86M0.11%+15,630+8.1%Added
Warwick Investment Management, Inc.209,390$6.91M1.07%00.0%Unchanged
Sowell Financial Services LLC210,302$6.94M0.26%−69,970−25.0%Reduced
Latigo Investments, LLC214,134$7.07M3.48%00.0%Unchanged
Oppenheimer & Co Inc216,283$7.14M0.10%−2,508−1.1%Reduced
Creative Planning216,688$7.16M0.01%+10,620+5.2%Added
Brown Brothers Harriman & Co226,684$7.49M0.04%+20,631+10.0%Added
The PNC Financial Services Group, Inc.226,758$7.49M0.00%+8,520+3.9%Added
Alpha Advisors, LLC227,827$7.52M5.80%+1,899+0.8%Added
Camelot Technology Advisors, Inc.229,885$7.59M5.71%+7,504+3.4%Added
Brookstone Capital Management231,562$7.65M0.09%+44,447+23.8%Added
Phraction Management LLC235,467$7.78M2.09%+13,040+5.9%Added
Quilter Plc236,134$7.80M0.13%−203,579−46.3%Reduced
Evergreen Capital Management LLC242,892$8.02M0.18%−2,645−1.1%Reduced
Botty Investors LLC248,200$8.20M1.94%+75,000+43.3%Added
Manatuck Hill Partners, LLC250,000$8.26M2.89%00.0%Unchanged
Blair William & Co250,165$8.26M0.02%−7,191−2.8%Reduced
Money Concepts Capital Corp251,289$8.30M0.47%−252−0.1%Reduced
Hubbell Strickland Wealth Management, LLC254,693$8.41M3.38%−3,618−1.4%Reduced
PFG Investments, LLC258,864$8.55M0.40%−172−0.1%Reduced
Pasadena Private Wealth, LLC260,499$8.60M1.18%−7,365−2.7%Reduced
NewEdge Wealth, LLC260,943$8.62M0.10%+24,828+10.5%Added
Courage Capital Management LLC264,500$8.73M12.07%00.0%Unchanged
Steward Partners Investment Advisory, LLC266,534$8.80M0.05%−21,727−7.5%Reduced
K.J. Harrison & Partners Inc268,206$8.87M1.18%−18,290−6.4%Reduced
Silvercrest Asset Management Group LLC283,322$9.36M0.06%−72,372−20.3%Reduced
Ausdal Financial Partners, Inc.288,712$9.53M0.44%−8,781−3.0%Reduced
Biltmore Family Office, LLC290,490$9.59M1.32%−2,500−0.9%Reduced
Janney Montgomery Scott LLC295,501$9.76M0.02%−16,705−5.4%Reduced
Blueprint Investment Partners LLC297,549$9.83M1.05%+69,162+30.3%Added
Blueprint Financial Advisors LLC297,549$9.83M1.50%+69,162+30.3%Added
MAI Capital Management302,791$10.0M0.06%+287,097+1,829.3%Added
Advisory Services Network, LLC312,269$10.3M0.15%−16,017−4.9%Reduced
Pacific Sage Partners, LLC321,988$10.6M1.69%+811+0.3%Added
Philadelphia Trust Co329,403$10.9M0.75%−16,760−4.8%Reduced
Jane Street Group, LLC330,187$10.9M0.01%+10,723+3.4%Added
Kingsview Wealth Management, LLC338,489$11.2M0.16%+49,850+17.3%Added
Mariner, LLC342,270$11.3M0.01%−10,881−3.1%Reduced
SMI Advisory Services, LLC323,644$11.3M1.95%−15,699−4.6%Reduced
Fulcrum Wealth Advisors, LLC344,740$11.4M9.37%+344,740New
Ancora Advisors, LLC348,538$11.5M0.24%+2,737+0.8%Added
JPMorgan Chase & Co348,771$11.5M0.00%+5,867+1.7%Added
TrustWell Financial Advisors, LLC352,764$11.6M11.26%+352,764New
Accordant Advisory Group Inc359,717$11.9M8.20%−14,801−4.0%Reduced
Guild Investment Management, Inc.363,845$12.0M8.91%−330−0.1%Reduced
Vident Advisory, LLC363,846$12.0M0.11%+24,747+7.3%Added
Transcend Wealth Collective, LLC367,978$12.2M0.94%+19,949+5.7%Added
Tiaa Trust, National Association374,029$12.4M0.03%+2,006+0.5%Added
Farther Finance Advisors, LLC382,269$12.6M0.14%+1,994+0.5%Added
TD Waterhouse Canada Inc.383,643$12.7M0.08%+57,380+17.6%Added
Asset One Wealth Management LLC364,106$12.7M1.75%+364,106New
Kera Capital Partners, Inc.356,193$13.0M1.60%+127,170+55.5%Added
Harbour Wealth Management Group, Inc.394,729$13.0M10.19%+394,729New
Global Endowment Management, LP396,000$13.1M1.63%00.0%Unchanged
Essex Financial Services, Inc.402,254$13.3M0.76%−1,358−0.3%Reduced
Oberndorf William E411,371$13.6M17.20%+189,207+85.2%Added
IMC-Chicago, LLC412,085$13.6M0.24%+302,082+274.6%Added
Essential Partners LLC415,830$13.7M4.23%+11,963+3.0%Added
Summit Financial, LLC419,308$13.8M0.20%+44,631+11.9%Added
Sanctuary Advisors, LLC426,979$14.1M0.08%+96,458+29.2%Added
JP Wealth Management, Inc.429,770$14.2M10.03%+96,635+29.0%Added
Mountain Lake Investment Management LLC451,183$14.9M11.32%−10,957−2.4%Reduced
Hengehold Capital Management LLC465,752$15.4M1.30%−11,823−2.5%Reduced
Baird Financial Group, Inc.466,425$15.4M0.02%−297,871−39.0%Reduced
Prospera Financial Services Inc480,041$15.9M0.26%−44,859−8.5%Reduced
BIP Wealth, LLC491,350$16.2M0.57%+378,445+335.2%Added
Wealthcare Advisory Partners LLC506,481$16.7M0.33%+955+0.2%Added
Leavell Investment Management, Inc.517,311$17.1M0.71%+239,175+86.0%Added
Integrated Wealth Concepts LLC520,078$17.2M0.20%+10,221+2.0%Added
Cohen & Steers, Inc.522,155$17.2M0.03%+20,000+4.0%Added
TCP Asset Management, LLC539,205$17.8M3.00%−36,947−6.4%Reduced
Wealthcare Capital Management LLC542,246$17.9M1.78%−79,064−12.7%Reduced
Fidelis Capital Partners, LLC543,915$18.0M1.30%00.0%Unchanged
O'Brien Greene & Co. Inc565,616$18.7M5.54%+31,714+5.9%Added
Laird Norton Trust Company, LLC568,643$18.8M0.39%+241,562+73.9%Added
Susquehanna International Group, LLP583,129$19.3M0.03%+381,991+189.9%Added
National Bank of Canada592,806$19.4M0.02%+30,290+5.4%Added
Meixler Investment Management, Ltd.592,961$19.6M11.90%−17,705−2.9%Reduced
Spears Abacus Advisors LLC614,790$20.3M0.38%00.0%Unchanged
Private Advisor Group, LLC631,233$20.8M0.10%−329,615−34.3%Reduced