Sprott Physical Gold Trust
US ˙ ARCA ˙ CA85207H1047

SecurityPHYS / Sprott Physical Gold Trust
InstitutionBailard, Inc.
Latest Disclosed Ownership97,366 shares
Latest Disclosed Value $ 3,450,651
Bailard, Inc. reports 0.31% decrease in ownership of PHYS / Sprott Physical Gold Trust

On May 11, 2026 - Bailard, Inc. filed a 13F-HR form disclosing ownership of 97,366 shares of Sprott Physical Gold Trust (US:PHYS) valued at $3,450,651 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 97,668 shares of Sprott Physical Gold Trust. This represents a change in shares of -0.31% during the quarter. The current value of the position is $3,267,603 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)
2026-05-11 2026-03-31 13F SPROTT ASSET MANAGEMENT PHYSICAL GOLD TR 85207H104 97,366 -302 -0.31 3,451 7.01 0.0793
2026-02-04 2025-12-31 13F SPROTT ASSET MANAGEMENT PHYSICAL GOLD TR 85207H104 97,668 -500 -0.51 3,225 10.90 0.0714
2025-10-30 2025-09-30 13F SPROTT ASSET MANAGEMENT PHYSICAL GOLD TR 85207H104 98,168 -196,570 -66.69 2,908 -61.09 0.0632
2025-08-08 2025-06-30 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 294,738 0 0.00 7,472 5.36 0.1742
2025-05-02 2025-03-31 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 294,738 0 0.00 7,091 19.46 0.1830
2025-02-05 2024-12-31 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 294,738 -4,429 -1.48 5,936 -2.64 0.1517
2024-10-30 2024-09-30 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 299,167 -263 -0.09 6,097 12.76 0.1587
2024-07-25 2024-06-30 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 299,430 0 0.00 5,408 4.38 0.1490
2024-05-08 2024-03-31 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 299,430 -5,411 -1.78 5,180 6.67 0.1430
2024-02-02 2023-12-31 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 304,841 -1,271 -0.42 4,856 10.79 0.1439
2023-10-24 2023-09-30 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 306,112 -7,000 -2.24 4,384 -6.17 0.1452
2023-07-20 2023-06-30 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 313,112 0 0.00 4,672 -3.49 0.1634
2023-05-08 2023-03-31 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 313,112 -1,299 -0.41 4,841 9.18 0.1734
2023-02-02 2022-12-31 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 314,411 -1,485 -0.47 4,433 9.65 0.1689
2022-10-18 2022-09-30 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 315,896 0 0.00 4,043 -9.73 0.1672
2022-07-27 2022-06-30 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 315,896 0 0.00 4,479 -7.74 0.1763
2022-04-25 2022-03-31 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 315,896 0 0.00 4,855 7.03 0.1633
2022-02-10 2021-12-31 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 315,896 0 0.00 4,536 4.04 0.1446
2021-11-15 2021-09-30 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 315,896 -1,821 -0.57 4,360 -2.18 0.1490
2021-08-13 2021-06-30 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 317,717 0 0.00 4,457 4.60 0.1540
2021-05-13 2021-03-31 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 317,717 -50 -0.02 4,261 -11.14 0.1580
2021-02-03 2020-12-31 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 317,767 -386 -0.12 4,795 0.13 0.2187
2020-11-10 2020-09-30 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 318,153 794 0.25 4,789 5.44 0.2480
2020-08-12 2020-06-30 13F SPROTT PHYSICAL GOLD TR UNIT 85207H104 317,359 0 0.00 4,542 9.08 0.2537
2020-04-16 2020-03-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 317,359 3,410 1.09 4,164 8.89 0.2965
2020-01-31 2019-12-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 313,949 0 0.00 3,824 3.07 0.2155
2019-10-18 2019-09-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 313,949 -14,158 -4.32 3,710 -0.19 0.2243
2019-07-26 2019-06-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 328,107 -761,109 -69.88 3,717 -67.34 0.2272
2019-04-24 2019-03-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 1,089,216 -8,158 -0.74 11,382 0.60 0.7060
2019-02-05 2018-12-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 1,097,374 561,084 104.62 11,314 120.93 0.7648
2018-11-13 2018-09-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 536,290 175,515 48.65 5,121 39.46 0.2994
2018-08-08 2018-06-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 360,775 0 0.00 3,672 -5.31 0.2188
2018-05-07 2018-03-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 360,775 0 0.00 3,878 1.52 0.2475
2018-02-08 2017-12-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 360,775 -197,860 -35.42 3,820 -34.51 0.2404
2018-01-29 2017-09-30 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 558,635 0 0.00 5,833 3.07 0.4517
2017-10-11 2017-09-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 558,635 0 5,833 0.4448
2018-01-29 2017-06-30 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 558,635 0 0.00 5,659 -0.88 0.4618
2017-08-11 2017-06-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 558,635 0 5,659 0.4485
2018-01-29 2017-03-31 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 558,635 197,860 54.84 5,709 68.51 0.4739
2017-05-12 2017-03-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 558,635 197,860 5,709 0.4772
2018-01-29 2016-12-31 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 360,775 54,500 17.79 3,388 1.04 0.3141
2017-02-10 2016-12-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 360,775 54,500 3,388 0.3066
2018-01-29 2016-09-30 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,275 0 0.00 3,353 -0.30 0.3096
2016-11-08 2016-09-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,275 0 3,353 0.3056
2018-01-29 2016-06-30 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,275 0 0.00 3,363 8.52 0.4007
2016-08-08 2016-06-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,275 0 3,363 0.4061
2018-01-29 2016-03-31 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,275 306,275 3,099 0.4329
2016-05-16 2016-03-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,275 306,275 3,099 0.4349
2018-01-29 2015-12-31 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 0 -306,380 -100.00 0 -100.00
2018-01-29 2015-09-30 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,380 0 0.00 2,812 -5.00 0.4419
2015-11-13 2015-09-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,380 0 2,812 0.4456
2018-01-29 2015-06-30 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,380 0 0.00 2,960 -1.20 0.4583
2015-08-06 2015-06-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,380 0 2,960 0.4631
2018-01-29 2015-03-31 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,380 0 0.00 2,996 0.07 0.4160
2015-05-07 2015-03-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,380 0 2,996 0.4209
2018-01-29 2014-12-31 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,380 306,380 2,994 0.4238
2015-01-26 2014-12-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 306,380 306,380 2,994
2014-10-21 2014-09-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 0 -270,375 -100.00 0 -100.00
2014-07-30 2014-06-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 270,375 0 0.00 2,977 3.19 0.4579
2014-04-30 2014-03-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 270,375 -605 -0.22 2,885 -3.45 0.4576
2013-10-28 2013-09-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 270,980 251,980 1,326.21 2,988 1,432.31 0.5675
2013-07-16 2013-06-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 19,000 19,000 195 0.0355
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.