Sprott Physical Gold and Silver Trust
US ˙ ARCA ˙ CA85208R1010

SecurityCEF / Sprott Physical Gold and Silver Trust
InstitutionIntrepid Capital Management Inc
Latest Disclosed Ownership203,948 shares
Latest Disclosed Value $ 9,732,399
Intrepid Capital Management Inc reports 7.33% decrease in ownership of CEF / Sprott Physical Gold and Silver Trust

On May 15, 2026 - Intrepid Capital Management Inc filed a 13F-HR form disclosing ownership of 203,948 shares of Sprott Physical Gold and Silver Trust (US:CEF) valued at $9,732,399 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 220,068 shares of Sprott Physical Gold and Silver Trust. This represents a change in shares of -7.33% during the quarter. The current value of the position is $9,448,911 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)
2026-05-15 2026-03-31 13F SPROTT PHYSICAL GLD SLVR COM 85208R101 203,948 -16,120 -7.33 9,732 -3.44 3.7354
2026-02-13 2025-12-31 13F SPROTT PHYSICAL GOLD and S Fund 85208R101 220,068 -5,678 -2.52 10,079 21.70 3.8989
2025-11-13 2025-09-30 13F SPROTT PHYSICAL GOLD AND S COM 85208R101 225,746 -8,453 -3.61 8,283 17.49 3.2609
2025-08-12 2025-06-30 13F SPROTT PHYSICAL GOLD AND SIL COM 85208R101 234,199 1,649 0.71 7,049 6.71 2.8626
2025-05-15 2025-03-31 13F SPROTT PHYSICAL GOLD & S COM 85208R101 232,550 -169 -0.07 6,607 19.48 3.2090
2025-02-12 2024-12-31 13F SPROTT PHYSICAL GOLD & S Fund 85208R101 232,719 1,214 0.52 5,529 -2.47 2.8147
2024-11-14 2024-09-30 13F SPROTT PHYSICAL GOLD & S Fund 85208R101 231,505 -885 -0.38 5,670 10.64 3.1453
2024-08-15 2024-06-30 13F SPROTT PHYSICAL GOLD & S Fund 85208R101 232,390 4,354 1.91 5,124 10.48 3.2627
2024-05-15 2024-03-31 13F SPROTT PHYSICAL GOLD & S Fund 85208R101 228,036 1,384 0.61 4,638 6.87 3.0057
2024-02-14 2023-12-31 13F SPROTT PHYSICAL GOLD & S Fund 85208R101 226,652 17,010 8.11 4,340 19.56 2.9679
2023-11-13 2023-09-30 13F SPROTT PHYSICAL GOLD & SILVER TR UNIT COM 85208R101 209,642 2,561 1.24 3,631 -2.71 2.5103
2023-09-26 2023-06-30 13F/A-2 SPROTT PHYSICAL GOLD & SILVER TR UNIT COM 85208R101 207,081 21,630 11.66 3,732 6.42 2.6208
2023-09-26 2023-06-30 13F/A-1 SPROTT PHYSICAL GOLD & SILVER TR UNIT COM 85208R101 207,081 3,732
2023-08-10 2023-06-30 13F SPROTT PHYSICAL GOLD & SILVER TR UNIT COM 85208R101 206,090 20,639 3,714 3.1947
2023-05-16 2023-03-31 13F SPROTT PHYSICAL GOLD & SILVER TR UNIT COM 85208R101 185,451 17,516 10.43 3,507 116,766.67 3.0373
2023-02-06 2022-12-31 13F SPROTT PHYSICAL GOLD & SILVER TR UNIT COM 85208R101 167,935 -857 -0.51 3 -99.89 2.5995
2022-11-14 2022-09-30 13F SPROTT PHYSICAL GOLD & SILVER TR UNIT COM 85208R101 168,792 22,989 15.77 2,628 7.18 2.1375
2022-08-15 2022-06-30 13F SPROTT PHYSICAL GOLD & SILVER TR UNIT COM 85208R101 145,803 -8,836 -5.71 2,452 -18.18 1.9449
2022-05-11 2022-03-31 13F SPROTT PHYSICAL GOLD & SILVER TR UNIT COM 85208R101 154,639 -2,976 -1.89 2,997 7.19 1.7835
2022-02-09 2021-12-31 13F SPROTT PHYSICAL GOLD & SILVER TR UNIT COM 85208R101 157,615 -6,804 -4.14 2,796 -0.71 1.4226
2021-11-12 2021-09-30 13F SPROTT PHYSICAL GOLD & SILVER TR UNIT COM 85208R101 164,419 -4,474 -2.65 2,816 -10.74 1.3913
2021-08-12 2021-06-30 13F SPROTT PHYSICAL GOLD & SILVER TR UNIT COM 85208R101 168,893 10,782 6.82 3,155 14.89 1.6663
2021-05-10 2021-03-31 13F SPROTT PHYSICAL GOLD & SILVER CS 85208R101 158,111 -1,994 -1.25 2,746 -11.36 1.4329
2021-02-11 2020-12-31 13F SPROTT PHYSICAL GOLD & SILVER CS 85208R101 160,105 28,647 21.79 3,098 28.49 1.5590
2020-11-12 2020-09-30 13F SPROTT PHYSICAL GOLD & SILVER CS 85208R101 131,458 57,377 77.45 2,411 92.57 1.4028
2020-08-14 2020-06-30 13F SPROTT PHYSICAL GOLD & SILVER CS 85208R101 74,081 60,542 447.17 1,252 532.32 0.7082
2020-05-14 2020-03-31 13F SPROTT PHYSICAL GOLD & SILVER CS 85208R101 13,539 -7,721 -36.32 198 -36.54 0.1352
2020-02-13 2019-12-31 13F SPROTT PHYSICAL GOLD & SILVER CS 85208R101 21,260 0 0.00 312 3.65 0.1677
2019-11-13 2019-09-30 13F SPROTT PHYSICAL GOLD & SILVER CS 85208R101 21,260 21,260 301 0.1573
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.