SPROTT PHYSICAL GOLD & SILVE

Ticker: CEF CUSIP: 85208R101 Class: Common Stock

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

InstitutionSharesValue ($000)
CENTRAL TRUST Co7,391,451$338,528
MORGAN STANLEY5,627,038$257,718
Bleakley Financial Group, LLC4,851,346$222,192
ROYAL BANK OF CANADA3,732,106$170,931
JUPITER ASSET MANAGEMENT LTD3,604,249$164,822
Baird Financial Group, Inc.1,279,380$58,596
MANAGED ASSET PORTFOLIOS, LLC1,112,116$50,935
RAYMOND JAMES FINANCIAL INC1,076,432$49,301
LPL Financial LLC934,345$42,793
Evelyn Partners Investment Management LLP811,531$37,168
WELLS FARGO & COMPANY/MN782,789$35,852
SPROTT INC.699,916$32,056
BANK OF AMERICA CORP /DE/677,310$31,021
AMERIPRISE FINANCIAL INC629,857$28,850
Cheviot Value Management, LLC626,340$37,023
CIBC WORLD MARKET INC.625,923$28,667
COHEN & STEERS, INC.598,497$27
Beaumont Financial Advisors, LLC586,803$26,876
3EDGE Asset Management, LP556,287$26,268
JPMORGAN CHASE & CO521,489$23,884
Cannell & Spears LLC483,025$22,123
Cambridge Investment Research Advisors, Inc.466,953$21
OSAIC HOLDINGS, INC.456,966$20,929
Pekin Hardy Strauss, Inc.447,769$20,508
EVERGREEN CAPITAL MANAGEMENT LLC440,169$20,160
NATIONAL BANK OF CANADA /FI/409,890$18,462
TIAA TRUST, NATIONAL ASSOCIATION400,550$18,345
MATAURO, LLC399,066$18,277
Inlight Wealth Management, LLC398,877$18,269
NEUBERGER BERMAN GROUP LLC381,773$17,485
Cetera Investment Advisers371,611$17,020
PYA Waltman Capital, LLC359,334$16,458
HOLLENCREST CAPITAL MANAGEMENT356,183$16,313
SHUFRO ROSE & CO LLC352,806$16,159
New Harbor Financial Group, LLC345,711$15,834
PFG Investments, LLC330,265$15,126
COMMONWEALTH EQUITY SERVICES, LLC314,803$14,418
Euro Pacific Asset Management, LLC285,326$9
Thrivent Financial for Lutherans278,466$13
Federation des caisses Desjardins du Quebec276,761$12,631
Private Advisor Group, LLC272,148$12,464
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC262,792$13,003
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO259,040$11,864
NewEdge Wealth, LLC253,922$11,630
Arkadios Wealth Advisors240,931$11,035
Pacific Sage Partners, LLC239,587$10,973
SAPIENT CAPITAL LLC237,789$11,208
IFP Advisors, Inc234,680$10,748
Cadence Wealth Management LLC234,513$10,741
Brookstone Capital Management229,280$10,501
INTREPID CAPITAL MANAGEMENT INC220,068$10,079
Kestra Advisory Services, LLC210,343$9,634
Concurrent Investment Advisors, LLC204,833$9,381
JONES FINANCIAL COMPANIES LLLP204,427$9,363
STIFEL FINANCIAL CORP198,043$9,070
Evelyn Partners Investment Management Services Ltd193,487$8,862
FLAGSHIP HARBOR ADVISORS, LLC181,263$8,302
Janney Montgomery Scott LLC174,083$8
SUSQUEHANNA INTERNATIONAL GROUP, LLP171,779$7,867
TD Waterhouse Canada Inc.169,009$7,708
LEVEL FOUR ADVISORY SERVICES, LLC162,194$7,428
CAPTRUST FINANCIAL ADVISORS161,013$7,374
Mutual Advisors, LLC159,901$7,323
Chicago Capital, LLC155,365$7,116
SBE LLC DBA CEDAR COVE WEALTH PARTNERS150,762$6,905
&PARTNERS133,889$6,132
ROBERTS GLORE & CO INC /IL/132,940$6,089
ENVESTNET ASSET MANAGEMENT INC130,102$5,959
NATIONS FINANCIAL GROUP INC, /IA/ /ADV129,030$5,910
OPPENHEIMER & CO INC126,331$5,786
Mariner, LLC126,314$5,785
HighTower Advisors, LLC126,218$5,781
MARATHON CAPITAL MANAGEMENT125,100$5,730
MML INVESTORS SERVICES, LLC122,677$5,619
Beacon Pointe Advisors, LLC121,912$5,584
Focus Partners Wealth113,728$5,209
GREEN SQUARE CAPITAL ADVISORS LLC111,100$5,088
Fore Capital, LLC110,000$5,038
AE Wealth Management LLC109,730$5,026
Delta Investment Management, LLC107,800$4,937
Financial Planning Navigators CORP107,587$4,927
Robertson Stephens Wealth Management, LLC100,166$4,588
CHASE INVESTMENT COUNSEL CORP99,476$5
Rothschild Wealth LLC92,600$4,241
Steward Partners Investment Advisory, LLC90,890$4,163
GWN SECURITIES INC.88,794$4,067
CHOREO, LLC86,438$4,081
COLUMBIA ADVISORY PARTNERS LLC85,325$3,908
BANK OF MONTREAL /CAN/84,076$3,851
Demars Financial Group, LLC78,665$3,603
Peak Financial Management, Inc.76,709$3,513
J.W. COLE ADVISORS, INC.75,929$3,478
St. James Investment Company, LLC75,436$3,455
IPG Investment Advisors LLC72,115$3,303
INSPIRION WEALTH ADVISORS, LLC67,819$3,106
BROWN ADVISORY INC67,647$3,098
IEQ CAPITAL, LLC67,556$3,094
Asset One Wealth Management LLC67,158$3,224
Equitable Holdings, Inc.66,371$3,040
PHILADELPHIA TRUST CO63,443$3
334 other institutions4,706,864$208,434
Total (434 institutions)57,610,696$2,551,504