SPROTT PHYSICAL GOLD TR

Ticker: PHYS CUSIP: 85207H104 Class: UNIT

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
ROYAL BANK OF CANADA9,516,053$314,220
Polar Asset Management Partners Inc.6,058,832$200,063
Federation des caisses Desjardins du Quebec5,589,846$184,642
MORGAN STANLEY5,374,013$177,450
Heritage Wealth Advisors5,138,572$169,676
CENTRAL TRUST Co4,388,329$144,903
Pekin Hardy Strauss, Inc.4,318,119$142,584
Evanson Asset Management, LLC4,080,010$134,722
JUPITER ASSET MANAGEMENT LTD3,457,370$114,197
Cambridge Investment Research Advisors, Inc.3,035,301$100
CAPTRUST FINANCIAL ADVISORS2,544,917$84,033
LPL Financial LLC2,320,705$76,630
Bleakley Financial Group, LLC2,281,247$75,327
SPROTT INC.2,211,413$73,022
MATAURO, LLC2,060,572$68,040
RAYMOND JAMES FINANCIAL INC1,793,169$59,210
SouthState Corp1,792,640$59,193
WELLS FARGO & COMPANY/MN1,759,517$58,146
Cetera Investment Advisers1,635,094$53,991
ENVESTNET ASSET MANAGEMENT INC1,513,889$49,989
COMMONWEALTH EQUITY SERVICES, LLC1,509,808$49,854
Beacon Pointe Advisors, LLC1,476,212$48,745
Forest Hill Capital, LLC1,448,500$47,829
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC1,171,451$40,169
HighTower Advisors, LLC1,101,440$36,370
OSAIC HOLDINGS, INC.1,076,604$35,549
Auxano Advisors, LLC1,019,611$33,668
Basepoint Wealth LLC1,001,803$33,080
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO979,421$32,340
Kestra Advisory Services, LLC964,590$31,851
Capital Wealth Alliance, LLC954,096$36,747
3EDGE Asset Management, LP953,100$31,652
SCOTIA CAPITAL INC.936,052$31,537
BANK OF MONTREAL /CAN/932,464$30,783
BANK OF AMERICA CORP /DE/878,006$28,992
SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC857,223$28,306
VAN DEN BERG MANAGEMENT I, INC854,848$28,227
STIFEL FINANCIAL CORP816,029$26,945
Toroso Investments, LLC762,568$25,180
CIBC WORLD MARKET INC.705,406$23,293
Cyndeo Wealth Partners, LLC696,431$22,996
Marex Group plc662,106$21,863
Private Advisor Group, LLC631,233$20,843
Cannell & Spears LLC614,790$20,300
Meixler Investment Management, Ltd.592,961$19,580
NATIONAL BANK OF CANADA /FI/592,806$19,399
SUSQUEHANNA INTERNATIONAL GROUP, LLP583,129$19,255
Laird Norton Wetherby Trust Company, LLC568,643$18,778
O'Brien Greene & Co. Inc565,616$18,677
Fidelis Capital Partners, LLC543,915$17,960
WEALTHCARE CAPITAL MANAGEMENT LLC542,246$17,905
TCP Asset Management, LLC539,205$17,805
COHEN & STEERS, INC.522,155$17
Integrated Wealth Concepts LLC520,078$17,173
LEAVELL INVESTMENT MANAGEMENT, INC.517,311$17,082
Wealthcare Advisory Partners LLC506,481$16,724
BIP Wealth, LLC491,350$16,224
Prospera Financial Services Inc480,041$15,851
Baird Financial Group, Inc.466,425$15,401
HENGEHOLD CAPITAL MANAGEMENT LLC465,752$15,379
Mountain Lake Investment Management LLC451,183$14,898
JP Wealth Management, Inc.429,770$14,191
Sanctuary Advisors, LLC426,979$14,099
Summit Financial, LLC419,308$13,846
IMC-Chicago, LLC412,085$13,607
OBERNDORF WILLIAM E411,371$13,583
Essex Financial Services, Inc.402,254$13,282
Global Endowment Management, LP396,000$13,076
Harbour Wealth Management Group, Inc.394,729$13,034
TD Waterhouse Canada Inc.383,643$12,665
Farther Finance Advisors, LLC382,269$12,623
TIAA TRUST, NATIONAL ASSOCIATION374,029$12,350
TRANSCEND CAPITAL ADVISORS, LLC367,978$12,151
Asset One Wealth Management LLC364,106$12,744
Vident Advisory, LLC363,846$12,014
Guild Investment Management, Inc.363,845$12,014
Accordant Advisory Group Inc359,717$11,878
Kera Capital Partners, Inc.356,193$12,987
JPMORGAN CHASE & CO348,771$11,516
Ancora Advisors LLC348,538$11,509
FULCRUM WEALTH ADVISORS, LLC344,740$11,383
Mariner, LLC342,270$11,302
Kingsview Wealth Management, LLC338,489$11,177
JANE STREET GROUP, LLC330,187$10,903
PHILADELPHIA TRUST CO329,403$11
SMI Advisory Services, LLC323,644$11,331
Pacific Sage Partners, LLC321,988$10,632
Advisory Services Network, LLC312,269$10,311
MAI Capital Management302,791$9,998
Blueprint Investment Partners LLC297,549$9,825
Blueprint Financial Advisors LLC297,549$9,825
Janney Montgomery Scott LLC295,501$10
Biltmore Family Office, LLC290,490$9,592
Ausdal Financial Partners, Inc.288,712$9,533
SILVERCREST ASSET MANAGEMENT GROUP LLC283,322$9,355
K.J. Harrison & Partners Inc268,206$8,866
Steward Partners Investment Advisory, LLC266,534$8,801
COURAGE CAPITAL MANAGEMENT LLC264,500$9
NewEdge Wealth, LLC260,943$8,616
Pasadena Private Wealth, LLC260,499$8,602
526 other institutions23,303,447$753,861
Total (626 institutions)139,451,161$4,452,474