Sprott Focus Trust, Inc.
US ˙ NasdaqGS ˙ US85208J1097

SecurityFUND / Sprott Focus Trust, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership249,584 shares
Latest Disclosed Value $ 2,381,035
Morgan Stanley reports 12.47% decrease in ownership of FUND / Sprott Focus Trust, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 249,584 shares of Sprott Focus Trust, Inc. (US:FUND) valued at $2,386,023 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 285,138 shares of Sprott Focus Trust, Inc.. This represents a change in shares of -12.47% during the quarter. The current value of the position is $2,605,657 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 FOCUS TR COM 85208J109 249,584 -35,554 -12.47 2,381 -3.80 0.0001
2026-05-27 2025-12-31 13F/A-1 SPROTT FOCUS TR COM 85208J109 285,138 4,576 1.63 2,475 6.18 0.0001
2026-02-13 2025-12-31 13F SPROTT FOCUS TR COM 85208J109 285,138 4,576 2,475 0.0001
2026-05-27 2025-09-30 13F/A-1 SPROTT FOCUS TR COM 85208J109 280,562 15,252 5.75 2,331 17.49 0.0001
2025-11-14 2025-09-30 13F SPROTT FOCUS TR COM 85208J109 280,562 15,252 2,331 0.0001
2025-08-15 2025-06-30 13F SPROTT FOCUS TR COM 85208J109 265,310 -2,356 -0.88 1,985 0.05 0.0001
2025-05-15 2025-03-31 13F SPROTT FOCUS TR COM 85208J109 267,666 4,368 1.66 1,983 2.96 0.0001
2025-05-15 2024-12-31 13F/A-1 SPROTT FOCUS TR COM 85208J109 263,298 47,069 21.77 1,926 15.75 0.0001
2025-02-14 2024-12-31 13F SPROTT FOCUS TR COM 85208J109 263,298 47,069 1,926 0.0001
2025-05-14 2024-09-30 13F/A-2 SPROTT FOCUS TR COM 85208J109 216,229 6,099 2.90 1,665 5.92 0.0001
2025-02-14 2024-09-30 13F/A-1 SPROTT FOCUS TR COM 85208J109 216,229 6,099 1,665 0.0001
2024-11-14 2024-09-30 13F SPROTT FOCUS TR COM 85208J109 216,229 6,099 1,665 0.0000
2025-05-14 2024-06-30 13F/A-2 SPROTT FOCUS TR COM 85208J109 210,130 -908 -0.43 1,572 -7.37 0.0001
2024-10-17 2024-06-30 13F/A-1 SPROTT FOCUS TR COM 85208J109 210,130 -908 1,572 0.0001
2024-08-14 2024-06-30 13F SPROTT FOCUS TR COM 85208J109 210,130 -908 1,572 0.0001
2024-10-17 2024-03-31 13F/A-2 SPROTT FOCUS TR COM 85208J109 211,038 -110,246 -34.31 1,697 -34.01 0.0001
2024-08-16 2024-03-31 13F/A-1 SPROTT FOCUS TR COM 85208J109 211,038 -110,246 1,697 0.0000
2024-05-15 2024-03-31 13F SPROTT FOCUS TR COM 85208J109 211,038 -110,246 1,697 0.0001
2024-08-16 2023-12-31 13F/A-1 SPROTT FOCUS TR COM 85208J109 321,284 -35,250 -9.89 2,570 -4.25 0.0002
2024-02-13 2023-12-31 13F SPROTT FOCUS TR COM 85208J109 321,284 -35,250 2,570 0.0002
2023-11-15 2023-09-30 13F SPROTT FOCUS TR COM 85208J109 356,534 -16,952 -4.54 2,685 -9.60 0.0003
2023-08-14 2023-06-30 13F SPROTT FOCUS TR COM 85208J109 373,486 -11,804 -3.06 2,969 -4.78 0.0003
2023-05-15 2023-03-31 13F SPROTT FOCUS TR COM 85208J109 385,290 100,511 35.29 3,119 37.42 0.0003
2023-02-14 2022-12-31 13F SPROTT FOCUS TR COM 85208J109 284,779 30,494 11.99 2,270 29.73 0.0003
2022-11-14 2022-09-30 13F SPROTT FOCUS TR COM 85208J109 254,285 32,439 14.62 1,749 4.29 0.0002
2022-10-27 2022-06-30 13F/A-1 SPROTT FOCUS TR COM 85208J109 221,846 -3,260 -1.45 1,677 -17.87 0.0002
2022-08-15 2022-06-30 13F SPROTT FOCUS TR COM 85208J109 221,846 -3,260 1,677 0.0000
2022-10-27 2022-03-31 13F/A-1 SPROTT FOCUS TR COM 85208J109 225,106 19,522 9.50 2,042 15.50 0.0003
2022-05-13 2022-03-31 13F SPROTT FOCUS TR COM 85208J109 225,106 19,522 2,042 0.0003
2022-02-14 2021-12-31 13F SPROTT FOCUS TR COM 85208J109 205,584 16,848 8.93 1,768 12.97 0.0002
2021-11-15 2021-09-30 13F SPROTT FOCUS TR COM 85208J109 188,736 -11,788 -5.88 1,565 -8.21 0.0002
2021-08-23 2021-06-30 13F/A-1 SPROTT FOCUS TR COM 85208J109 200,524 -6,717 -3.24 1,705 5.51 0.0002
2021-08-16 2021-06-30 13F SPROTT FOCUS TR COM 85208J109 200,524 -6,717 1,705 0.0000
2021-05-17 2021-03-31 13F SPROTT FOCUS TR COM 85208J109 207,241 41,286 24.88 1,616 41.14 0.0002
2021-02-16 2020-12-31 13F SPROTT FOCUS TR COM 85208J109 165,955 66,095 66.19 1,145 92.76 0.0002
2020-11-13 2020-09-30 13F SPROTT FOCUS TR COM 85208J109 99,860 508 0.51 594 1.37 0.0001
2020-08-14 2020-06-30 13F SPROTT FOCUS TR COM 85208J109 99,352 -42,132 -29.78 586 -17.81 0.0001
2020-05-26 2020-03-31 13F/A-1 SPROTT FOCUS TR COM 85208J109 141,484 9,220 6.97 713 -26.72 0.0002
2020-05-15 2020-03-31 13F SPROTT FOCUS TR COM 85208J109 141,484 9,220 713 54.7733
2020-02-14 2019-12-31 13F SPROTT FOCUS TR COM 85208J109 132,264 -3,497 -2.58 973 6.34 0.0002
2019-11-14 2019-09-30 13F SPROTT FOCUS TR COM 85208J109 135,761 5,322 4.08 915 4.10 0.0002
2019-08-14 2019-06-30 13F SPROTT FOCUS TR COM 85208J109 130,439 2,775 2.17 879 0.57 0.0002
2019-05-15 2019-03-31 13F SPROTT FOCUS TR COM 85208J109 127,664 22,517 21.41 874 43.75 0.0002
2019-02-14 2018-12-31 13F SPROTT FOCUS TR COM 85208J109 105,147 -92,772 -46.87 608 -58.38 0.0002
2019-04-23 2018-09-30 13F/A-2 SPROTT FOCUS TR COM 85208J109 197,919 -21,618 -9.85 1,461 -14.91 0.0004
2018-11-20 2018-09-30 13F/A-1 SPROTT FOCUS TR COM 85208J109 197,919 0 1,461 0.0004
2018-11-14 2018-09-30 13F SPROTT FOCUS TR COM 85208J109 197,919 -21,618 1,461
2019-04-23 2018-06-30 13F/A-1 SPROTT FOCUS TR COM 85208J109 219,537 13,660 6.64 1,717 7.04 0.0005
2018-08-14 2018-06-30 13F SPROTT FOCUS TR COM 85208J109 219,537 13,660 1,717
2019-04-23 2018-03-31 13F/A-1 SPROTT FOCUS TR COM 85208J109 205,877 54,651 36.14 1,604 33.89 0.0004
2018-05-14 2018-03-31 13F SPROTT FOCUS TR COM 85208J109 205,877 54,651 1,604
2019-04-23 2017-12-31 13F/A-1 SPROTT FOCUS TR COM 85208J109 151,226 24,541 19.37 1,198 22.37 0.0003
2018-02-14 2017-12-31 13F SPROTT FOCUS TR COM 85208J109 151,226 24,541 1,198
2017-11-14 2017-09-30 13F SPROTT FOCUS TR COM 85208J109 126,685 6,168 5.12 979 10.25 0.0003
2017-08-11 2017-06-30 13F SPROTT FOCUS TR COM 85208J109 120,517 760 0.63 888 -0.22 0.0003
2017-05-22 2017-03-31 13F/A-1 SPROTT FOCUS TR COM 85208J109 119,757 -10,358 -7.96 890 -1.55 0.0003
2017-05-12 2017-03-31 13F SPROTT FOCUS TR COM 85208J109 119,757 890
2017-02-22 2016-12-31 13F/A-1 SPROTT FOCUS TR COM 85208J109 130,115 79,237 155.74 904 157.55 0.0003
2017-02-13 2016-12-31 13F SPROTT FOCUS TR COM 85208J109 130,115 904
2016-11-10 2016-09-30 13F SPROTT FOCUS TR COM 85208J109 50,878 -8,271 -13.98 351 -7.63 0.0001
2016-08-12 2016-06-30 13F SPROTT FOCUS TR COM 85208J109 59,149 -35,145 -37.27 380 -33.80 0.0001
2016-05-12 2016-03-31 13F SPROTT FOCUS TR COM 85208J109 94,294 -141,794 -60.06 574 -58.10 0.0002
2016-02-09 2015-12-31 13F SPROTT FOCUS TR COM 85208J109 236,088 -675,097 -74.09 1,370 -74.56 0.0005
2016-02-08 2015-09-30 13F/A-1 SPROTT FOCUS TR COM 85208J109 911,185 -31,348 -3.33 5,385 -19.30 0.0020
2015-11-09 2015-09-30 13F SPROTT FOCUS TR COM 85208J109 911,185 5,385
2015-08-12 2015-06-30 13F SPROTT FOCUS TR COM 85208J109 942,533 18,672 2.02 6,673 -0.51 0.0023
2015-05-14 2015-03-31 13F SPROTT FOCUS TR COM 85208J109 923,861 923,861 6,707 0.0025
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.