Sprott Physical Silver Trust
PSLV
420 hedge funds and large institutions have $2.21B invested in Sprott Physical Silver Trust in 2025 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 159 increasing their positions, 91 reducing their positions, and 20 closing their positions.
130% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 20
75% more repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 91
36% more capital invested
Capital invested by funds: $1.62B → $2.21B (+$586M)
20% more funds holding in top 10
Funds holding in top 10: 10 → 12 (+2)
4% more funds holding
Funds holding: 402 → 420 (+18)
0.35% more ownership
Funds ownership: 24.54% → 24.89% (+0.35%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$29.5M |
| 2 |
3AM
3EDGE Asset Management
Naples,
Florida
|
+$29.2M |
| 3 |
AA
ALPS Advisors
Denver,
Colorado
|
+$22.2M |
| 4 |
BlackRock
New York
|
+$20.2M |
| 5 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$14.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$55.5M |
| 2 |
WCM
Wealthcare Capital Management
Richmond,
Virginia
|
-$14M |
| 3 |
WW
Winnow Wealth
Waco,
Texas
|
-$6.49M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$5.71M |
| 5 |
LAII
LM Asset (IM) Inc
Vancouver,
British Columbia, Canada
|
-$4.41M |
PSLV Hedge Fund Activity: Q3 2025 in Review
420 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q3 2025, worth a combined $2.21B — up 36% from $1.62B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new PSLV positions and 20 closed out — a net gain of 26 holders — while 159 added to existing stakes and 91 trimmed.
The largest buyer was Jupiter Asset Management, adding an estimated $29.5M. The largest seller was Jane Street, cutting an estimated $55.5M.
- 420 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q3 2025, up from 402 in Q2 2025.
- Funds reported $2.21B of Sprott Physical Silver Trust stock for Q3 2025, up 36% quarter-over-quarter.
- 46 funds opened new Sprott Physical Silver Trust positions in Q3 2025 and 20 closed out, a net change of +26 holders.
- The largest Sprott Physical Silver Trust buyer in Q3 2025 was Jupiter Asset Management, an estimated $29.5M added.
- The largest Sprott Physical Silver Trust seller in Q3 2025 was Jane Street, an estimated $55.5M sold.
Based on aggregated 13F filings for Q3 2025.