Summit Financial Strategies 13F: Exits PHYS Stake

Summit Financial Strategies completely exited its investment in Sprott Physical Gold Trust NYSE: PHYS during the quarter, according to a Form 13F filing disclosed on October 14, 2026. Because 13F reports look backward, the filing reflects portfolio choices made during the period and may not represent the investor's current holdings.

What Changed in Summit Financial Strategies's Sprott Physical Gold Trust Position

Summit Financial Strategies sold out of the trust entirely, dropping its remaining 6,692 shares to finish the quarter with zero shares. The complete liquidation removed a position that previously stood at 6,692 shares.

Other Institutional Activity in Sprott Physical Gold Trust

Royal Bank of Canada grew its holdings by 222,092 shares, ending with 9,287,092 shares worth about $292,543,398. Central Trust Co grew its holdings by 349,184 shares, ending with 5,891,785 shares worth about $185,591,227. Federation Des Caisses Desjardins Du Quebec grew its holdings by 68,109 shares, ending with 5,889,428 shares worth about $185,516,982. Morgan Stanley reduced its holdings by 295,726 shares, ending with 5,242,209 shares worth about $165,129,583. Heritage Wealth Advisors reduced its holdings by 87,737 shares, ending with 4,706,640 shares worth about $148,259,160.

Sprott Physical Gold Trust Stock Holds Steady

Sprott Physical Gold Trust recently traded around $31.50 as of October 16, 2026. The shares sit below both their 50-day and 200-day moving averages. The stock trades well below its 52-week high while staying above its 52-week low.

About Sprott Physical Gold Trust

Sprott Physical Gold Trust is a closed-end trust that invests and holds substantially all of its assets in physical gold bullion. Institutional portfolio managers use vehicles like this to gain exposure to precious metals without needing to store physical bars themselves. Shifts in these institutional holdings often track broader changes in how large managers allocate capital toward safe-haven assets.

Bottom Line

Investors tracking Sprott Physical Gold Trust should look to future 13F filings to see if other institutions follow Summit Financial Strategies in trimming or exiting their stakes. Keep in mind that these regulatory filings are historical and show where funds stood at the end of the last reporting period, not necessarily where they stand today. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.