Sprott Physical Gold Trust
US ˙ ARCA ˙ CA85207H1047

SecurityPHYS / Sprott Physical Gold Trust
InstitutionJpmorgan Chase & Co
Latest Disclosed Ownership348,771 shares
Latest Disclosed Value $ 11,516,418
Jpmorgan Chase & Co reports 1.71% increase in ownership of PHYS / Sprott Physical Gold Trust

On February 11, 2026 - Jpmorgan Chase & Co filed a 13F-HR form disclosing ownership of 348,771 shares of Sprott Physical Gold Trust (US:PHYS) valued at $11,516,418 USD as of December 31, 2025. The entity filed a previous 13F-HR/A on November 26, 2025 disclosing 342,904 shares of Sprott Physical Gold Trust. This represents a change in shares of 1.71% during the quarter. The current value of the position is $12,472,051 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)
2026-02-11 2025-12-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 348,771 5,867 1.71 11,516 13.39 0.0007
2025-11-26 2025-09-30 13F/A-1 SPROTT PHYSICAL GOLD TRUST FUND 85207H104 342,904 43,421 14.50 10,157 33.79 0.0006
2025-11-07 2025-09-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 342,904 43,421 10,157 0.0001
2025-08-12 2025-06-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 299,483 -236,521 -44.13 7,592 -41.14 0.0005
2025-05-12 2025-03-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 536,004 89,381 20.01 12,896 43.38 0.0009
2025-02-12 2024-12-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 446,623 51,334 12.99 8,995 11.66 0.0007
2024-12-26 2024-09-30 13F/A-1 SPROTT PHYSICAL GOLD TRUST FUND 85207H104 395,289 168,288 74.14 8,056 96.51 0.0006
2024-11-08 2024-09-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 395,289 168,288 8,056 0.0006
2024-12-26 2024-06-30 13F/A-1 SPROTT PHYSICAL GOLD TRUST FUND 85207H104 227,001 157,167 225.06 4,100 239.32 0.0003
2024-08-12 2024-06-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 227,001 157,167 4,100 0.0003
2024-12-26 2024-03-31 13F/A-1 SPROTT PHYSICAL GOLD TRUST FUND 85207H104 69,834 53,698 332.78 1,208 370.04 0.0001
2024-05-10 2024-03-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 69,834 53,698 1,208 0.0001
2024-12-26 2023-12-31 13F/A-1 SPROTT PHYSICAL GOLD TRUST FUND 85207H104 16,136 -69,395 -81.13 257 -79.00 0.0000
2024-02-12 2023-12-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 16,136 -69,395 257 0.0000
2023-11-14 2023-09-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 85,531 24,660 40.51 1,225 34.80 0.0001
2023-08-11 2023-06-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 60,871 37,956 165.64 908 156.50 0.0001
2023-05-18 2023-03-31 13F/A-1 SPROTT PHYSICAL GOLD TRUST FUND 85207H104 22,915 -16,806 -42.31 354 0.0000
2023-05-11 2023-03-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 22,915 -16,806 354 0.0000
2023-02-13 2022-12-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 39,721 13,221 49.89 1 -100.00 0.0001
2022-11-14 2022-09-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 26,500 12,321 86.90 339 68.66 0.0000
2022-08-11 2022-06-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 14,179 302 2.18 201 -5.63 0.0000
2022-05-11 2022-03-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 13,877 9,750 236.25 213 261.02 0.0000
2022-02-11 2021-12-31 13F/A-1 SPROTT PHYSICAL GOLD TRUST FUND 85207H104 4,127 2,271 122.36 59 126.92 0.0000
2022-02-10 2021-12-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 4,127 2,271 59 0.0000
2021-11-12 2021-09-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 1,856 50 2.77 26 4.00 0.0000
2021-08-12 2021-06-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 1,806 491 37.34 25 38.89 0.0000
2021-05-12 2021-03-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 1,315 1,315 -27.19 18 -28.00 0.0000
2020-08-11 2020-06-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 0 -75 -100.00 0 -100.00
2020-05-12 2020-03-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 75 75 1 0.0000
2019-08-07 2019-06-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 0 -960 -100.00 0 -100.00
2019-05-07 2019-03-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 960 -540 -36.00 10 -33.33 0.0000
2019-02-11 2018-12-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 1,500 1,500 56.25 15 50.00 0.0000
2016-05-10 2016-03-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 0 -25,271 -100.00 0 -100.00
2016-02-12 2015-12-31 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 25,271 -57,380 -69.42 221 -70.88 0.0001
2015-11-13 2015-09-30 13F SPROTT PHYSICAL GOLD TRUST FUND 85207H104 82,651 13,633 19.75 759 13.79 0.0002
2015-08-14 2015-06-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 69,018 -4,651 -6.31 667 -7.36 0.0002
2015-05-15 2015-03-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 73,669 841 1.15 720 1.12 0.0002
2015-02-13 2014-12-31 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 72,828 -64,386 -46.92 712 -47.95 0.0002
2014-12-08 2014-09-30 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 137,214 -4,694 -3.31 1,368 -12.48 0.0003
2014-11-14 2014-09-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 137,214 1,368
2014-09-03 2014-06-30 13F/A-1 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 141,908 -402 -0.28 1,563 2.96 0.0004
2014-08-14 2014-06-30 13F SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 141,908 1,563
2014-05-15 2014-03-31 13F SPROTT PHYSICAL GOLD TRUST COMMON 85207H104 142,310 3,630 2.62 1,518 9.92 0.0004
2014-02-26 2013-12-31 13F/A-1 SPROTT PHYSICAL GOLD TRUST COMMON 85207H104 138,680 114,147 465.28 1,381 411.48 0.0004
2014-02-13 2013-12-31 13F SPROTT PHYSICAL GOLD TRUST COMMON 85207H104 138,680 1,381
2013-10-31 2013-09-30 13F SPROTT PHYSICAL GOLD TRUST COMMON 85207H104 24,533 4,877 24.81 270 34.33 0.0001
2013-08-13 2013-06-30 13F SPROTT PHYSICAL GOLD TRUST COMMON 85207H104 19,656 19,656 201 0.0001
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.