Gold and silver bugs will be looking to 13F filings, released today and highlight how named investors and investment banks are trading precious metals in the fourth quarter.

The biggest news was that JPMorgan Chase(JPM_) sold 4.5 million shares of gold ETFs, it dumped 1 million from the SPDR Gold Shares(GLD_) and 3.5 million from the iShares Gold Trust(IAU_). The investment bank rotated more heavily into silver buying 2.4 million shares of the iShares Silver Trust(SLV_) for a total of 3.6 million shares. JPMorgan does have a small position in the ETFS Physical Gold(SGOL_) of 400,748 shares.

Hedge funds run by John Paulson and George Soros are always closely watched. Paulson is still the largest holder of the GLD with 31.5 million shares, while Soros is the

Paulson sold a handful of shares of AngoldGold Ashanti(AU_) but is still the largest shareholder. Paulson stood pat in its shares of Gold Fields(GFI_), NovaGold(NG_), Randgold(GOLD_) and Iamgold(IAG_), but did sell 13.7 million shares of Kinross Gold(KGC_).

Soros was more active in the gold market closing out positions in several junior gold stocks: Seabridge(SA_), Gammon Gold(GRS_), and New Gold(NGD_). Soros still owns NovaGold(NG), unchanged at 12.91 million shares, while adding 98,500 shares of Kinross Gold(KGC).