Sprott Physical Gold Trust (PHYS)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Royal Bank Of Canada	6,692,283	$134,782,000	0.02%
2.	Morgan Stanley	5,767,717	$116,161,821	0%
3.	Federation Des Caisses Desjardins Du Quebec	5,352,974	$107,607,358	2.14%
4.	Evanson Asset Management, Llc	5,328,256	$107,311,073	7.34%
5.	Central Trust & Investment Co	4,848,221	$97,643,170	2.39%