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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
Ingalls & Snyder LLC31,114$1.03M0.04%−150.0%Reduced
Whalerock Point Partners, LLC31,000$1.02M0.19%+31,000New
Merit Financial Group, LLC30,893$1.02M0.01%−162−0.5%Reduced
True North Advisors, LLC30,659$1.01M0.13%−3,959−11.4%Reduced
Latitude Advisors, LLC30,540$1.01M0.44%+300+1.0%Added
Miracle Mile Advisors, LLC30,069$992.9K0.01%00.0%Unchanged
Fisher Asset Management, LLC30,054$992.4K0.00%−63−0.2%Reduced
J2 Capital Management Inc29,969$989.6K0.72%+960+3.3%Added
Brinker Capital Investments, LLC29,958$989.2K0.01%+3,646+13.9%Added
Kovack Advisors, Inc.29,554$975.9K0.05%+29,554New
AdvisorNet Financial, Inc28,290$934.1K0.05%+14,415+103.9%Added
Straight Path Wealth Management28,144$929.3K0.25%−1,250−4.3%Reduced
Sequoia Financial Advisors, LLC27,498$908.0K0.01%+733+2.7%Added
Bank of New York Mellon Corp27,260$900.1K0.00%−201−0.7%Reduced
U.S. Capital Wealth Advisors, LLC27,221$898.8K0.02%−800−2.9%Reduced
Millennium Capital Advisors, LLC26,988$891.1K0.53%00.0%Unchanged
Walser Wealth Management Company, A Ltd Liability Co26,662$880.4K0.46%+26,662New
Howe & Rusling Inc26,221$865.8K0.06%+2,708+11.5%Added
Harmony Asset Management LLC26,166$864.0K0.29%−2,897−10.0%Reduced
Sound View Wealth Advisors Group, LLC25,975$857.7K0.06%+6,075+30.5%Added
Journey Strategic Wealth LLC25,411$839.1K0.02%00.0%Unchanged
Fortitude Advisory Group L.L.C.25,156$830.7K0.35%00.0%Unchanged
HBK Sorce Advisory LLC22,251$830.2K0.02%−3,159−12.4%Reduced
Community Bank, N.A.24,654$814.1K0.10%00.0%Unchanged
Wedbush Securities Inc24,553$811.0K0.02%−360−1.4%Reduced
Badgley Phelps Wealth Managers, LLC24,544$810.4K0.01%+2,319+10.4%Added
XTX Topco Ltd24,269$801.4K0.02%−25,425−51.2%Reduced
Semper Augustus Investments Group LLCSuperinvestorSemper Augustus23,869$788.2K0.09%00.0%Unchanged
Lumbard & Kellner, LLC23,831$786.9K0.28%00.0%Unchanged
United Capital Financial Advisers, LLC23,818$786.5K0.00%+23,818New
Nvest Financial, LLC23,717$783.1K0.33%+4,666+24.5%Added
McAlvany Wealth Management LLC17,055$781.1K0.60%+17,055New
Flow Traders U.S. LLC23,579$779.0K0.03%−33,245−58.5%Reduced
Meridian Wealth Advisors, LLC23,469$774.9K0.11%00.0%Unchanged
Tocqueville Asset Management L.P.23,453$774.4K0.01%00.0%Unchanged
Atomi Financial Group, Inc.23,450$774.3K0.02%+12,994+124.3%Added
BSW Wealth Partners23,327$770.3K0.09%00.0%Unchanged
Private Client Services, LLC23,191$765.8K0.24%−9,890−29.9%Reduced
Sankala Group LLC18,740$752.4K0.60%+18,740New
RIA Advisory Group LLC22,567$745.2K0.18%−301−1.3%Reduced
S.A. Mason LLC22,062$728.5K0.29%+1,005+4.8%Added
Peak Financial Management, Inc.22,000$726.4K0.19%−214−1.0%Reduced
We Are One Seven, LLC21,759$718.5K0.01%+5,414+33.1%Added
One Capital Management, LLC21,500$709.9K0.02%+21,500New
Gateway Wealth Partners, LLC21,460$708.6K0.08%+2,245+11.7%Added
Stratos Wealth Advisors, LLC21,234$701.2K0.03%+2,368+12.6%Added
Littlejohn Financial Services, Inc.21,060$695.4K0.51%00.0%Unchanged
Tectonic Advisors LLC20,747$685.1K0.04%−2,215−9.6%Reduced
Ashton Thomas Private Wealth, LLC20,631$681.2K0.02%−6,912−25.1%Reduced
Orgel Wealth Management, LLC20,000$660.4K0.01%00.0%Unchanged
Independent Financial Group, LLC19,609$647.5K0.01%+1,045+5.6%Added
Welch & Forbes LLC19,550$645.5K0.01%00.0%Unchanged
Resources Investment Advisors, LLC.19,302$637.4K0.01%+6,445+50.1%Added
Moneta Group Investment Advisors LLC19,124$631.5K0.00%+2,000+11.7%Added
Evoke Wealth, LLC19,000$627.4K0.01%+3,000+18.8%Added
Fifth Third Bancorp18,860$622.8K0.00%−250−1.3%Reduced
Lineweaver Wealth Advisors, LLC18,615$614.7K0.08%00.0%Unchanged
Rice Partnership, LLC18,548$612.5K0.08%00.0%Unchanged
Wiley Bros.-Aintree Capital, LLC18,376$606.8K0.00%00.0%Unchanged
Nations Financial Group Inc,18,170$600.0K0.03%+5,551+44.0%Added
Independent Advisor Alliance18,130$598.7K0.01%−500−2.7%Reduced
Beacon Financial Group18,117$598.2K0.06%−199−1.1%Reduced
Simplicity Wealth,LLC17,899$591.0K0.04%−61,137−77.4%Reduced
Asset Allocation Strategies LLC17,875$590.2K0.11%00.0%Unchanged
Armstrong Advisory Group, Inc17,591$580.9K0.04%+1,560+9.7%Added
Perigon Wealth Management, LLC17,553$579.6K0.01%−625−3.4%Reduced
Atria Investments LLC17,489$577.5K0.01%−3,925−18.3%Reduced
Cobblestone Asset Management LLC17,230$568.9K0.26%−305−1.7%Reduced
Arcadia Wealth Management, LLC17,154$566.4K0.21%00.0%Unchanged
Compass Capital Corp14,824$565.0K0.22%−1,711−10.3%Reduced
Baker Ellis Asset Management LLC17,000$561.3K0.07%−100−0.6%Reduced
Snowden Capital Advisors LLC17,000$561.3K0.01%+6,130+56.4%Added
SpringVest Wealth Management LLC16,889$557.7K0.39%−2,484−12.8%Reduced
Tradition Wealth Management, LLC16,705$551.6K0.04%−189−1.1%Reduced
Capital Investment Advisors, LLC16,591$547.8K0.01%−799−4.6%Reduced
Invariant Investment Management15,875$546.3K0.35%+15,875New
apricus wealth, LLC16,500$544.8K0.28%−2,500−13.2%Reduced
180 Wealth Advisors, LLC16,355$540.0K0.06%+16,355New
Veracity Capital LLC16,287$537.8K0.16%+2,735+20.2%Added
Horizon Kinetics Asset Management LLC16,262$537.0K0.01%−372−2.2%Reduced
IFG Advisory, LLC16,072$530.7K0.02%+544+3.5%Added
AlphaStar Capital Management, LLC15,983$527.8K0.04%−1,218−7.1%Reduced
Focus Financial Network, Inc.15,932$526.1K0.02%+1,222+8.3%Added
Nadler Financial Group, Inc.15,745$519.9K0.05%−9,410−37.4%Reduced
OneAscent Financial Services LLC15,725$519.2K0.05%−5,750−26.8%Reduced
TFR Capital, LLC.15,640$516.4K0.17%00.0%Unchanged
Financial Sense Advisors, Inc.15,621$515.8K0.10%−20,816−57.1%Reduced
Synergy Financial Management, LLC15,481$511.2K0.05%−31,024−66.7%Reduced
SRS Capital Advisors, Inc.15,271$504.2K0.01%+5,569+57.4%Added
Natixis Advisors, L.P.15,223$503.0K0.00%−418−2.7%Reduced
Family Capital Trust Co15,030$496.3K0.16%−2,970−16.5%Reduced
Signaturefd, LLC15,000$495.3K0.01%00.0%Unchanged
Bank Julius Baer & Co. Ltd, Zurich14,932$493.0K0.00%+222+1.5%Added
Axxcess Wealth Management, LLC14,835$489.9K0.01%+14,835New
Darwin Advisors, LLC14,835$489.9K0.15%00.0%Unchanged
Vawter Financial, Ltd.14,500$478.8K0.20%−500−3.3%Reduced
Cannon Financial Strategists, Inc.14,417$476.0K0.07%00.0%Unchanged
Burton Enright Welch14,071$464.6K0.07%00.0%Unchanged
Rockport Wealth LLC14,015$462.8K0.09%+685+5.1%Added
Stansberry Asset Management, LLC14,000$462.3K0.05%−159−1.1%Reduced