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

Institutional Holders (2015Q2)
Portfolio Summary: 118 Institutional holders with a total value of $196,402,040.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 Pekin Hardy Strauss, Inc. 2,676,809 25,858,000 13.17%
2 MORGAN STANLEY 2,135,359 20,629,000 10.50%
3 Polar Asset Management Partners Inc. 1,758,267 16,985,000 8.65%
4 Bluefin Trading, LLC 1,188,216 11,478,000 5.84%
5 Commonwealth Equity Services, Inc 1,064,754 10,286,000 5.24%
6 ROYAL BANK OF CANADA 978,692 9,454,000 4.81%
7 Virtu Financial LLC 770,015 7,438,000 3.79%
8 PORTOLA GROUP INC /CA 708,114 6,840,000 3.48%
9 LPL Financial LLC 638,995 6,154,000 3.13%
10 Citizens Business Bank 485,144 4,687,000 2.39%
11 Private Advisor Group, LLC 463,824 4,482,000 2.28%
12 TOCQUEVILLE ASSET MANAGEMENT L.P. 444,370 4,293,000 2.19%
13 CREDIT SUISSE AG/ 377,997 3,651,000 1.86%
14 Beaumont Financial Partners, LLC 346,899 3,633,000 1.85%
15 Cetera Advisor Networks LLC 304,263 2,976,000 1.52%
16 BAILARD, INC. 306,380 2,960,000 1.51%
17 LAU ASSOCIATES LLC 292,755 2,828,000 1.44%
18 LADENBURG THALMANN FINANCIAL SERVICES INC. 274,365 2,650,000 1.35%
19 Filament LLC 267,544 2,584,000 1.32%
20 BENNICAS & ASSOCIATES, INC. 257,402 2,487,000 1.27%
21 RAYMOND JAMES & ASSOCIATES 233,656 2,257,000 1.15%
22 Weiss Asset Management LP 188,381 1,820,000 0.93%
23 JANUS HENDERSON GROUP PLC 171,658 1,658,000 0.84%
24 WFG Advisors, LP 167,247 1,616,000 0.82%
25 Baker Avenue Asset Management, LP 146,075 1,411,000 0.72%
26 MUFG Americas Holdings Corp 145,467 1,405,000 0.72%
27 St. James Investment Company, LLC 141,118 1,363,000 0.69%
28 Quantum Capital Management, LLC / NJ 140,309 1,355,000 0.69%
29 STIFEL FINANCIAL CORP 137,163 1,313,000 0.67%
30 Hudock, Inc. 125,494 1,212,000 0.62%
31 AMERICAN CENTURY COMPANIES INC 122,442 1,183,000 0.60%
32 HighTower Advisors, LLC 117,654 1,136,000 0.58%
33 BANK OF AMERICA CORP /DE/ 113,154 1,093,000 0.56%
34 Evanson Asset Management, LLC 108,743 1,051,000 0.54%
35 Virtu KCG Holdings LLC 108,653 1,050,000 0.53%
36 Sigma Planning Corp 106,295 1,027,000 0.52%
37 WELLS FARGO & COMPANY/MN 104,379 1,009,000 0.51%
38 BAIRD FINANCIAL GROUP, INC. 87,750 848,000 0.43%
39 FRONTIER INVESTMENT MGMT CO 85,782 829,000 0.42%
40 MSI Financial Services Inc 83,216 804,000 0.41%
41 UBS Group AG 79,875 772,000 0.39%
42 Bank of New York Mellon Corp 77,920 753,000 0.38%
43 ACCOUNT MANAGEMENT LLC 77,900 752,514 0.38%
44 Benchmark Capital Advisors 75,150 726,000 0.37%
45 D.A. DAVIDSON & CO. 73,835 713,000 0.36%
46 JPMORGAN CHASE & CO 69,018 667,000 0.34%
47 SPROTT INC. 66,983 647,000 0.33%
48 Seamans Capital Management, LLC 66,840 645,674 0.33%
49 CITY NATIONAL BANK 65,460 632,000 0.32%
50 FIRST MANHATTAN CO. LLC. 60,000 579,000 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.