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

Institutional Holders (2016Q1)
Portfolio Summary: 153 Institutional holders with a total value of $440,873,174.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 Smith Affiliated Capital Corp. 7,573,137 76,640,146 17.38% PRN
2 Polar Asset Management Partners Inc. 7,109,651 71,950,000 16.32%
3 Pekin Hardy Strauss, Inc. 5,235,867 52,987,000 12.02%
4 Evanson Asset Management, LLC 2,210,701 22,372,000 5.07%
5 MORGAN STANLEY 2,142,254 21,680,000 4.92%
6 LPL Financial LLC 1,450,976 14,684,000 3.33%
7 Raymond James Financial Services Advisors, Inc. 1,254,736 12,698,000 2.88%
8 Commonwealth Equity Services, Inc 1,133,018 11,466,000 2.60%
9 WELLS FARGO & COMPANY/MN 1,121,669 11,351,000 2.57%
10 GFS Advisors, LLC 108,284 10,700,000 2.43%
11 USCA RIA LLC 108,284 10,700,000 2.43%
12 Anson Funds Management LP 1,017,849 10,301,000 2.34%
13 ROYAL BANK OF CANADA 792,257 8,017,000 1.82%
14 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 646,927 6,557,000 1.49%
15 Forest Hill Capital, LLC 500,000 5,060,000 1.15%
16 LADENBURG THALMANN FINANCIAL SERVICES INC. 487,468 4,956,000 1.12%
17 Virtu Financial LLC 468,312 4,739,000 1.07%
18 RAYMOND JAMES & ASSOCIATES 393,787 3,985,000 0.90%
19 BAILARD, INC. 306,275 3,099,000 0.70%
20 Fore Research & Management, LP 300,000 3,036,000 0.69%
21 Beaumont Financial Partners, LLC 308,807 3,020,000 0.69%
22 Bluefin Trading, LLC 294,300 2,978,000 0.68%
23 CHASE INVESTMENT COUNSEL CORP 281,181 2,845,000 0.65%
24 Private Advisor Group, LLC 272,029 2,816,000 0.64%
25 Benchmark Capital Advisors 273,371 2,767,000 0.63%
26 Citizens Business Bank 251,063 2,541,000 0.58%
27 BENNICAS & ASSOCIATES, INC. 246,102 2,491,000 0.57%
28 Private Wealth Partners, LLC 220,000 2,226,000 0.50%
29 St. James Investment Company, LLC 205,955 2,084,000 0.47%
30 Global Endowment Management, LP 176,432 1,785,000 0.40%
31 FEDERATED HERMES, INC. 171,397 1,735,000 0.39%
32 WFG Advisors, LP 165,224 1,672,000 0.38%
33 OPERA TRADING CAPITAL 147,045 1,491,000 0.34%
34 STIFEL FINANCIAL CORP 146,588 1,487,000 0.34%
35 UBS Group AG 137,483 1,391,000 0.32%
36 Quantum Capital Management, LLC / NJ 133,629 1,352,000 0.31%
37 JANUS HENDERSON GROUP PLC 130,043 1,316,000 0.30%
38 MUFG Americas Holdings Corp 125,114 1,266,000 0.29%
39 HighTower Advisors, LLC 119,403 1,208,000 0.27%
40 Filament LLC 113,567 1,149,000 0.26%
41 Janney Montgomery Scott LLC 113,146 1,145,000 0.26%
42 BLAIR WILLIAM & CO/IL 112,299 1,136,000 0.26%
43 SPROTT INC. 110,263 1,116,000 0.25%
44 Hudock, Inc. 99,494 1,006,000 0.23%
45 Baker Avenue Asset Management, LP 93,110 942,000 0.21%
46 Cetera Advisor Networks LLC 92,480 935,000 0.21%
47 Sigma Planning Corp 87,416 885,000 0.20%
48 AMERIPRISE FINANCIAL INC 86,807 878,000 0.20%
49 Sterneck Capital Management, LLC 86,261 873,000 0.20%
50 BANK OF AMERICA CORP /DE/ 81,463 824,000 0.19%
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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.