Sprott Physical Gold Trust (PHYS)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Evanson Asset Management, Llc	5,026,589	$120,939,728	8.57%
2.	Central Trust & Investment Co	4,643,973	$111,733,999	2.75%
3.	Pekin Singer Strauss Asset Management	4,226,558	$101,690,985	12.3%
4.	Bleakley Financial Group, Llc	2,772,374	$66,703,318	2.14%
5.	Matauro, Llc	2,141,018	$51,512,896	10.46%