Sprott Physical Gold and Silver Trust
US ˙ ARCA ˙ CA85208R1010

SecurityCEF / Sprott Physical Gold and Silver Trust
InstitutionCommonwealth Equity Services, Llc
Latest Disclosed Ownership314,803 shares
Latest Disclosed Value $ 14,417,980
Commonwealth Equity Services, Llc reports 5.70% increase in ownership of CEF / Sprott Physical Gold and Silver Trust

On February 12, 2026 - Commonwealth Equity Services, Llc filed a 13F-HR form disclosing ownership of 314,803 shares of Sprott Physical Gold and Silver Trust (US:CEF) valued at $14,417,977 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 22, 2025 disclosing 297,824 shares of Sprott Physical Gold and Silver Trust. This represents a change in shares of 5.70% during the quarter. The current value of the position is $14,584,823 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-12 2025-12-31 13F SPROTT ASSET MANAGEMENT PHYSICAL GOLD AN 85208R101 314,803 16,979 5.70 14,418 144,070.00 0.0192
2025-10-22 2025-09-30 13F SPROTT ASSET MANAGEMENT PHYSICAL GOLD AN 85208R101 297,824 -125,377 -29.63 11 -16.67 0.0142
2025-08-06 2025-06-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 423,201 -92,859 -17.99 13 -14.29 0.0168
2025-05-09 2025-03-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 516,060 49,277 10.56 15 27.27 0.0207
2025-02-10 2024-12-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 466,783 100,093 27.30 11 37.50 0.0162
2024-10-18 2024-09-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 366,690 64,555 21.37 9 33.33 0.0136
2024-07-31 2024-06-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 302,135 -10,443 -3.34 7 0.00 0.0105
2024-04-29 2024-03-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 312,578 -19,124 -5.77 6 0.00 0.0106
2024-02-06 2023-12-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 331,702 -20,333 -5.78 6 0.00 0.0116
2023-10-23 2023-09-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 352,035 11,519 3.38 6 0.00 0.0126
2023-08-10 2023-06-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 340,516 6,769 2.03 6 0.00 0.0125
2023-05-11 2023-03-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 333,747 -6,959 -2.04 6 0.00 0.0132
2023-02-07 2022-12-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 340,706 533 0.16 6 -99.89 0.0147
2022-11-14 2022-09-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 340,173 6,921 2.08 5,296 -5.51 0.0136
2022-07-19 2022-06-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 333,252 -10,746 -3.12 5,605 -15.92 0.0146
2022-05-04 2022-03-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 343,998 4,578 1.35 6,666 10.71 0.0152
2022-01-31 2021-12-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 339,420 -5,421 -1.57 6,021 1.93 0.0136
2021-10-29 2021-09-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 344,841 -8,094 -2.29 5,907 -10.39 0.0148
2021-08-11 2021-06-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 352,935 -847 -0.24 6,592 7.27 0.0167
2021-05-04 2021-03-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 353,782 -6,867 -1.90 6,145 -11.94 0.0174
2021-02-11 2020-12-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 360,649 21,885 6.46 6,978 12.33 0.0210
2020-11-05 2020-09-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 338,764 40,454 13.56 6,212 23.23 0.0212
2020-08-12 2020-06-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 298,310 6,361 2.18 5,041 18.11 0.0190
2020-05-11 2020-03-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 291,949 245 0.08 4,268 -0.19 0.0199
2020-02-05 2019-12-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 291,704 37,237 14.63 4,276 18.61 0.0163
2019-10-30 2019-09-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 254,467 56,943 28.83 3,605 37.96 0.0154
2019-07-19 2019-06-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 197,524 -2,150 -1.08 2,613 5.58 0.0115
2019-05-13 2019-03-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 199,674 5,670 2.92 2,475 1.77 0.0114
2019-02-11 2018-12-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 194,004 4,204 2.21 2,432 9.75 0.0129
2018-11-06 2018-09-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 189,800 -365 -0.19 2,216 -7.01 0.0106
2018-07-31 2018-06-30 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 190,165 -119 -0.06 2,383 -5.25 0.0125
2018-05-14 2018-03-31 13F SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 190,284 190,284 2,515 0.0136
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.