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Sprott Physical Silver Trust
PSLV

385 hedge funds and large institutions have $1.52B invested in Sprott Physical Silver Trust in 2025 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 129 increasing their positions, 80 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 23

63% more funds holding in top 10

Funds holding in top 10: 8 → 13 (+5)

61% more repeat investments, than reductions

Existing positions increased: 129 | Existing positions reduced: 80

11% more capital invested

Capital invested by funds: $1.36B → $1.52B (+$154M)

3% more funds holding

Funds holding: 372 → 385 (+13)

0.63% more ownership

Funds ownership: 24.5% → 25.13% (+0.63%)

Holders
385
Holders Change
+13
Holders Change %
+3.49%
% of All Funds
5.16%
Holding in Top 10
13
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+62.5%
% of All Funds
0.17%
New
42
Increased
129
Reduced
80
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JAM
Jupiter Asset Management
United Kingdom
+$15.2M
2
BlackRock
BlackRock
New York
+$11.1M
3
GWM
Geneos Wealth Management
Colorado
+$10.9M
4
EPIM
Equinox Partners Investment Management
Connecticut
+$10.1M
5
AA
ALPS Advisors
Colorado
+$8.25M

Top Sellers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
-$27.1M
2
Jane Street
Jane Street
New York
-$21.4M
3
IMC Chicago
IMC Chicago
Illinois
-$16.2M
4
FTUS
Flow Traders U.S.
New York
-$9.72M
5
LAII
LM Asset (IM) Inc
British Columbia, Canada
-$4.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
S
376
SignatureFD
Georgia
$1.76K – – –
TFA
377
Toth Financial Advisory
Virginia
$1.74K – – –
NECFA
378
New England Capital Financial Advisors
Connecticut
$1.45K – – –
TCM
379
Tradewinds Capital Management
Washington
$1.45K – – –
TH
380
TCTC Holdings
Texas
$1.18K – – –
BFP
381
Briaud Financial Planning
Texas
$1K – – –
CAM
382
Creekmur Asset Management
Illinois
$719 – – –
AssetMark Inc
383
AssetMark Inc
California
$626 – – –
FGAM
384
Financial Gravity Asset Management
Texas
$418 +$389 +36 New
CCMW
385
Cypress Capital Management (Wyoming)
Wyoming
$174 – – –
AIC
386
Archer Investment Corporation
Indiana
$93 – – –
IMC Chicago
387
IMC Chicago
Illinois
– -$16.2M -1,681,529 Closed
FTUS
388
Flow Traders U.S.
New York
– -$9.72M -1,007,525 Closed
FC
389
Farringdon Capital
United Kingdom
– -$1.99M -205,995 Closed
FFO
390
Fiduciary Family Office
Florida
– -$1.52M -157,657 Closed
FPAS
391
Focus Partners Advisor Solutions
Missouri
– -$249K -25,822 Closed
MWA
392
Midland Wealth Advisors
Illinois
– -$212K -22,000 Closed
C
393
Certuity
Florida
– -$195K -20,179 Closed
Walleye Capital
394
Walleye Capital
New York
– -$166K -17,246 Closed
SC
395
Scotia Capital
Ontario, Canada
– -$165K -16,368 Closed
Citigroup
396
Citigroup
New York
– -$155K -16,028 Closed
LFS
397
Littlejohn Financial Services
Oregon
– -$144K -14,965 Closed
IAA
398
Independent Advisor Alliance
North Carolina
– -$144K -14,888 Closed
JHP
399
James Hambro & Partners
United Kingdom
– -$106K -10,960 Closed
BWM
400
BCS Wealth Management
Tennessee
– -$101K -10,490 Closed
13 14 15
16
17

PSLV Hedge Fund Activity: Q1 2025 in Review

385 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q1 2025, worth a combined $1.52B — up 11% from $1.36B a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new PSLV positions and 23 closed out — a net gain of 19 holders — while 129 added to existing stakes and 80 trimmed.

The largest buyer was Jupiter Asset Management, adding an estimated $15.2M. The largest seller was Polar Asset Management Partners, cutting an estimated $27.1M.

  • 385 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q1 2025, up from 372 in Q4 2024.
  • Funds reported $1.52B of Sprott Physical Silver Trust stock for Q1 2025, up 11% quarter-over-quarter.
  • 42 funds opened new Sprott Physical Silver Trust positions in Q1 2025 and 23 closed out, a net change of +19 holders.
  • The largest Sprott Physical Silver Trust buyer in Q1 2025 was Jupiter Asset Management, an estimated $15.2M added.
  • The largest Sprott Physical Silver Trust seller in Q1 2025 was Polar Asset Management Partners, an estimated $27.1M sold.

Based on aggregated 13F filings for Q1 2025.