Sprott Physical Silver Trust
PSLV
402 hedge funds and large institutions have $1.62B invested in Sprott Physical Silver Trust in 2025 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 153 increasing their positions, 79 reducing their positions, and 27 closing their positions.
94% more repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 79
81% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 27
7% more capital invested
Capital invested by funds: $1.52B → $1.62B (+$109M)
4% more funds holding
Funds holding: 385 → 402 (+17)
0.59% less ownership
Funds ownership: 25.13% → 24.54% (-0.59%)
23% less funds holding in top 10
Funds holding in top 10: 13 → 10 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$40.6M |
| 2 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$11.4M |
| 3 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
+$8.57M |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$7.53M |
| 5 |
AA
ALPS Advisors
Denver,
Colorado
|
+$7.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$50.9M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$18.6M |
| 3 |
WCM
Wealthcare Capital Management
Richmond,
Virginia
|
-$14.3M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$12.9M |
| 5 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
-$11.9M |
PSLV Hedge Fund Activity: Q2 2025 in Review
402 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q2 2025, worth a combined $1.62B — up 7.2% from $1.52B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new PSLV positions and 27 closed out — a net gain of 22 holders — while 153 added to existing stakes and 79 trimmed.
The largest buyer was Jane Street, adding an estimated $40.6M. The largest seller was BlackRock, cutting an estimated $50.9M.
- 402 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q2 2025, up from 385 in Q1 2025.
- Funds reported $1.62B of Sprott Physical Silver Trust stock for Q2 2025, up 7.2% quarter-over-quarter.
- 49 funds opened new Sprott Physical Silver Trust positions in Q2 2025 and 27 closed out, a net change of +22 holders.
- The largest Sprott Physical Silver Trust buyer in Q2 2025 was Jane Street, an estimated $40.6M added.
- The largest Sprott Physical Silver Trust seller in Q2 2025 was BlackRock, an estimated $50.9M sold.
Based on aggregated 13F filings for Q2 2025.