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SPROTT PHYSICAL GOLD TRUST UNIT
SPROTT PHYSICAL GOLD TRUST UNIT. Institutional holdings reported to the SEC.

Institutional Holders (2014Q1)
Portfolio Summary: 126 Institutional holders with a total value of $256,597,504.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 MORGAN STANLEY 2,923,815 31,196,000 12.16%
2 Pekin Hardy Strauss, Inc. 2,701,510 28,825,000 11.23%
3 SPROTT INC. 2,291,442 24,450,000 9.53%
4 Polar Asset Management Partners Inc. 1,845,541 19,692,000 7.67%
5 ROYAL BANK OF CANADA 1,292,573 13,791,000 5.37%
6 Commonwealth Equity Services, Inc 901,245 9,616,000 3.75%
7 PORTOLA GROUP INC /CA 896,064 9,561,000 3.73%
8 LPL Financial LLC 814,409 8,690,000 3.39%
9 HighTower Advisors, LLC 684,850 7,307,000 2.85%
10 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 478,896 5,110,000 1.99%
11 Citizens Business Bank 461,638 4,926,000 1.92%
12 LAU ASSOCIATES LLC 417,570 4,455,000 1.74%
13 Beaumont Financial Partners, LLC 417,248 4,452,000 1.74%
14 CREDIT SUISSE AG/ 348,466 3,718,000 1.45%
15 RAYMOND JAMES & ASSOCIATES 319,242 3,406,000 1.33%
16 Paloma Partners Management Co 300,000 3,201,000 1.25%
17 BARCLAYS PLC 304,941 3,049,000 1.19%
18 LADENBURG THALMANN FINANCIAL SERVICES INC. 278,186 2,968,000 1.16%
19 OTA Financial Group L.P. 276,153 2,946,000 1.15%
20 BAILARD, INC. 270,375 2,885,000 1.12%
21 Cetera Advisor Networks LLC 251,516 2,687,000 1.05%
22 WFG Advisors, LP 251,100 2,679,000 1.04%
23 DIALECTIC CAPITAL MANAGEMENT, LP 241,573 2,578,000 1.00%
24 BENNICAS & ASSOCIATES, INC. 236,852 2,527,000 0.98%
25 Private Advisor Group, LLC 199,585 2,130,000 0.83%
26 Filament LLC 178,903 1,909,000 0.74%
27 WELLS FARGO & COMPANY/MN 164,814 1,758,000 0.69%
28 Baker Avenue Asset Management, LP 149,815 1,599,000 0.62%
29 Quantum Capital Management, LLC / NJ 146,601 1,564,000 0.61%
30 Virtu Financial LLC 143,167 1,528,000 0.60%
31 JPMORGAN CHASE & CO 142,310 1,518,000 0.59%
32 AMERICAN CENTURY COMPANIES INC 137,868 1,471,000 0.57%
33 KMS FINANCIAL SERVICES, INC 135,252 1,443,000 0.56%
34 SUNTRUST BANKS INC 129,014 1,375,000 0.54%
35 Hudock, Inc. 125,494 1,339,000 0.52%
36 BB&T SECURITIES, LLC 12,407 1,323,000 0.52%
37 Bank of New York Mellon Corp 122,806 1,311,000 0.51%
38 BENJAMIN F. EDWARDS & COMPANY, INC. 111,933 1,194,000 0.47%
39 JANUS HENDERSON GROUP PLC 100,892 1,077,000 0.42%
40 FRONTIER INVESTMENT MGMT CO 95,761 1,022,000 0.40%
41 OPPENHEIMER & CO INC 86,600 924,000 0.36%
42 AZZAD ASSET MANAGEMENT INC /ADV 80,976 864,011 0.34%
43 COHEN & STEERS, INC. 80,300 857,000 0.33%
44 MUFG Americas Holdings Corp 80,209 856,000 0.33%
45 ACCOUNT MANAGEMENT LLC 79,250 845,598 0.33%
46 Benchmark Capital Advisors 73,850 788,000 0.31%
47 Neuberger Berman Group LLC 72,400 772,000 0.30%
48 Seamans Capital Management, LLC 71,340 761,000 0.30%
49 Private Wealth Partners, LLC 69,000 736,000 0.29%
50 Janney Montgomery Scott LLC 68,806 734,160 0.29%
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From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.