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 |
|---|---|---|---|---|---|
| Marex Group plc | 662,106 | $21.9M | 0.24% | +31,676+5.0% | Added |
| Cyndeo Wealth Partners, LLC | 696,431 | $23.0M | 1.24% | +28,702+4.3% | Added |
| CIBC World Markets Inc. | 705,406 | $23.3M | 0.04% | +57,201+8.8% | Added |
| Toroso Investments, LLC | 762,568 | $25.2M | 0.11% | +112,186+17.2% | Added |
| Stifel Financial Corp | 816,029 | $26.9M | 0.02% | +87,637+12.0% | Added |
| Van Den Berg Management I, Inc | 854,848 | $28.2M | 6.47% | −10,258−1.2% | Reduced |
| Schwarz Dygos Wheeler Investment Advisors LLC | 857,223 | $28.3M | 5.85% | −1,393−0.2% | Reduced |
| Bank of America Corp | 878,006 | $29.0M | 0.00% | −20,205−2.2% | Reduced |
| Bank of Montreal | 932,464 | $30.8M | 0.01% | +44,999+5.1% | Added |
| Scotia Capital Inc. | 936,052 | $31.5M | 0.13% | +64,276+7.4% | Added |
| 3EDGE Asset Management, LP | 953,100 | $31.7M | 1.64% | +953,100 | New |
| Kestra Advisory Services, LLC | 964,590 | $31.9M | 0.13% | −20,645−2.1% | Reduced |
| Northwestern Mutual Wealth Management Co | 979,421 | $32.3M | 0.02% | −7,520−0.8% | Reduced |
| Basepoint Wealth LLC | 1,001,803 | $33.1M | 20.10% | −58,434−5.5% | Reduced |
| Auxano Advisors, LLC | 1,019,611 | $33.7M | 6.65% | +43,509+4.5% | Added |
| Advisor Group Holdings, Inc. | 1,076,604 | $35.5M | 0.05% | +81,555+8.2% | Added |
| HighTower Advisors, LLC | 1,101,440 | $36.4M | 0.04% | +43,434+4.1% | Added |
| Capital Wealth Alliance, LLC | 954,096 | $36.7M | 15.70% | −22,435−2.3% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 1,171,451 | $40.2M | 0.05% | −27,179−2.3% | Reduced |
| Forest Hill Capital, LLC | 1,448,500 | $47.8M | 24.45% | 00.0% | Unchanged |
| Beacon Pointe Advisors, LLC | 1,476,212 | $48.7M | 0.34% | +18,499+1.3% | Added |
| Commonwealth Equity Services, LLC | 1,509,808 | $49.9M | 0.07% | −40,294−2.6% | Reduced |
| Envestnet Asset Management Inc | 1,513,889 | $50.0M | 0.01% | −98,244−6.1% | Reduced |
| Cetera Investment Advisers | 1,635,094 | $54.0M | 0.06% | −151,868−8.5% | Reduced |
| Wells Fargo & Company | 1,759,517 | $58.1M | 0.01% | +4,197+0.2% | Added |
| South State Corp. | 1,792,640 | $59.2M | 2.65% | −43,694−2.4% | Reduced |
| Raymond James Financial Inc | 1,793,169 | $59.2M | 0.02% | +137,527+8.3% | Added |
| Matauro, LLC | 2,060,572 | $68.0M | 10.24% | −3,774−0.2% | Reduced |
| Sprott Inc. | 2,211,413 | $73.0M | 2.62% | −54,399−2.4% | Reduced |
| Bleakley Financial Group, LLC | 2,281,247 | $75.3M | 1.31% | −87,743−3.7% | Reduced |
| LPL Financial LLC | 2,320,705 | $76.6M | 0.02% | +389,187+20.1% | Added |
| Captrust Financial Advisors | 2,544,917 | $84.0M | 0.16% | +84,018+3.4% | Added |
| Cambridge Investment Research Advisors, Inc. | 3,035,301 | $100.2M | 0.26% | +407,271+15.5% | Added |
| Jupiter Asset Management Ltd | 3,457,370 | $114.2M | 0.91% | +311,515+9.9% | Added |
| Evanson Asset Management, LLC | 4,080,010 | $134.7M | 7.37% | −458,182−10.1% | Reduced |
| Pekin Hardy Strauss, Inc. | 4,318,119 | $142.6M | 13.18% | +56,549+1.3% | Added |
| Central Trust Co | 4,388,329 | $144.9M | 2.84% | −260,852−5.6% | Reduced |
| Heritage Wealth Advisors | 5,138,572 | $169.7M | 6.48% | +5,138,572 | New |
| Morgan Stanley | 5,374,013 | $177.4M | 0.01% | −340,442−6.0% | Reduced |
| Federation des caisses Desjardins du Quebec | 5,589,846 | $184.6M | 0.71% | +125,087+2.3% | Added |
| Polar Asset Management Partners Inc. | 6,058,832 | $200.1M | 3.97% | −3,493,570−36.6% | Reduced |
| Royal Bank of Canada | 9,516,053 | $314.2M | 0.06% | +724,321+8.2% | Added |
| Concorde Financial Corp | 0 | $0 | 0.00% | −616,691−100.0% | Sold out |
| Strategic Blueprint, LLC | 0 | $0 | 0.00% | −377,026−100.0% | Sold out |
| Chemung Canal Trust Co | 0 | $0 | 0.00% | −277,740−100.0% | Sold out |
| Barclays PLC | 0 | $0 | 0.00% | −252,761−100.0% | Sold out |
| Perritt Capital Management Inc | 0 | $0 | 0.00% | −199,303−100.0% | Sold out |
| Farringdon Capital, Ltd. | 0 | $0 | 0.00% | −114,360−100.0% | Sold out |
| Precision Wealth Strategies, LLC | 0 | $0 | 0.00% | −46,635−100.0% | Sold out |
| Procyon Private Wealth Partners, LLC | 0 | $0 | 0.00% | −46,207−100.0% | Sold out |
| Barometer Capital Management Inc. | 0 | $0 | 0.00% | −36,200−100.0% | Sold out |
| Kovitz Investment Group Partners, LLC | 0 | $0 | 0.00% | −34,034−100.0% | Sold out |
| Kiker Wealth Management, LLC | 0 | $0 | 0.00% | −32,407−100.0% | Sold out |
| Tru Independence Asset Management 2, LLC | 0 | $0 | 0.00% | −31,322−100.0% | Sold out |
| Wolverine Asset Management LLC | 0 | $0 | 0.00% | −29,449−100.0% | Sold out |
| Challenger Wealth Management | 0 | $0 | 0.00% | −15,573−100.0% | Sold out |
| Ballew Advisors, Inc | 0 | $0 | 0.00% | −8,220−100.0% | Sold out |
| Mather Group, LLC. | 0 | $0 | 0.00% | −8,475−100.0% | Sold out |
| New Republic Capital, LLC | 0 | $0 | 0.00% | −8,323−100.0% | Sold out |
| Fortis Capital Advisors, LLC | 0 | $0 | 0.00% | −7,157−100.0% | Sold out |
| Heritage Financial Services, LLC | 0 | $0 | 0.00% | −6,790−100.0% | Sold out |
| Icon Wealth Advisors, LLC | 0 | $0 | 0.00% | −4,100−100.0% | Sold out |
| Evelyn Partners Investment Management Services Ltd | 0 | $0 | 0.00% | −2,520−100.0% | Sold out |
| Duncker Streett & Co Inc | 0 | $0 | 0.00% | −1,965−100.0% | Sold out |
| North Capital, Inc. | 0 | $0 | 0.00% | −1,537−100.0% | Sold out |
| Wealthspire Advisors, LLC | 0 | $0 | 0.00% | −1,270−100.0% | Sold out |
| Hilltop National Bank | 0 | $0 | 0.00% | −1,264−100.0% | Sold out |
| Painted Porch Advisors LLC | 0 | $0 | 0.00% | −1,064−100.0% | Sold out |
| Delos Wealth Advisors, LLC | 0 | $0 | 0.00% | −436−100.0% | Sold out |
| GPS Wealth Strategies Group, LLC | 0 | $0 | 0.00% | −105−100.0% | Sold out |
| Koesten, Hirschmann & Crabtree, INC. | 0 | $0 | 0.00% | −47−100.0% | Sold out |
| Sofos Investments, Inc. | 0 | $0 | 0.00% | −30−100.0% | Sold out |
| Bard Financial Services, Inc. | – | – | – | – | Not filed |
| Optimum Investment Advisors | – | – | – | – | Not filed |
| Apexium Financial, LP | – | – | – | – | Not filed |
| Cobblestone Capital Advisors LLC | – | – | – | – | Not filed |
| LexAurum Advisors, LLC | – | – | – | – | Not filed |
| Glenmede Investment Management, LP | – | – | – | – | Not filed |
| Sonora Investment Management Group, LLC | – | – | – | – | Not filed |
| Abich Financial Wealth Management LLC | – | – | – | – | Not filed |
| Creekmur Asset Management LLC | – | – | – | – | Not filed |
| Guerra Advisors Inc | – | – | – | – | Not filed |