Carrhae Capital’s iShares Silver Trust SLV Stock Holding History

Carrhae Capital’s Portfolio SLV Stock Details SLV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	–	Sell	-2,627,200	Closed	-$179M	–	35
2026 Q1	$179M	Sell	2,627,200 -727,600	-22%	-$55.3M	5.36%	3
2025 Q4	$216M	Sell	3,354,800 -1,666,600	-33%	-$83.4M	8.18%	3
2025 Q3	$213M	Buy	5,021,400 +1,373,900	+38%	+$49.3M	12.53%	2
2025 Q2	$120M	Buy	+3,647,500	New	+$112M	8.75%	1
2015 Q3	–	Sell	-1,500,000	Closed	-$21.7M	–	17
2015 Q2	$21.7M	Sell	1,500,000 -600,000	-29%	-$9.41M	9.55%	5
2015 Q1	$29.6M	Buy	2,100,000 +1,500,000	+250%	+$24M	18.94%	3
2014 Q4	$8.45M	Buy	+600,000	New	+$9.49M	7.29%	5

Other funds holding SLV

IFG

Independent Financial Group San Diego, California $5.35B AUM 43.78% 1-Year Est. Return

AAM

Augustine Asset Management Jacksonville, Florida $494M AUM 76.22% 1-Year Est. Return

WAP

Wealthcare Advisory Partners West Chester, Pennsylvania $5.27B AUM 22.23% 1-Year Est. Return

CPL

Corecam Pte Ltd Singapore $264M AUM 28.11% 1-Year Est. Return

Wealth Enhancement Advisory Services Plymouth, Minnesota $59.8B AUM 29.42% 1-Year Est. Return

BCM

Brookstone Capital Management Wheaton, Illinois $9.99B AUM 23.61% 1-Year Est. Return

JWCA

J.W. Cole Advisors Tampa, Florida $5.83B AUM 32.38% 1-Year Est. Return

CoreCap Advisors Southfield, Michigan $3.39B AUM 31.21% 1-Year Est. Return

Procyon Advisors Shelton, Connecticut $2.32B AUM 26.81% 1-Year Est. Return

EMAM

Encompass More Asset Management Danville, California $687M AUM 25.06% 1-Year Est. Return

Carrhae Capital's SLV Position: Q3 2025 in Review

Carrhae Capital sold out of iShares Silver Trust (SLV) in Q3 2025, closing a stake of 656,743 shares — an estimated $23.6M sold.

Carrhae Capital first reported a position in SLV in Q3 2015 and held it in 7 quarters. The position peaked at $21.5M in Q2 2025. 1,210 funds tracked by Wall St. Rank hold SLV as of Q3 2025.

Carrhae Capital reported no remaining iShares Silver Trust position as of Q3 2025 after selling out during the quarter.
Carrhae Capital sold 656,743 iShares Silver Trust shares in Q3 2025, an estimated $23.6M.
Carrhae Capital first reported a position in iShares Silver Trust in Q3 2015 and held it in 7 quarters.
Carrhae Capital's iShares Silver Trust position peaked at $21.5M in Q2 2025.
1,210 funds tracked by Wall St. Rank held iShares Silver Trust as of Q3 2025.

Based on Carrhae Capital's 13F filing for Q3 2025, filed 12 Nov 2025.