Sprott Physical Silver Trust
PSLV
386 hedge funds and large institutions have $1.5B 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.
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
22% more capital invested
Capital invested by funds: $1.23B → $1.5B (+$270M)
4% more funds holding
Funds holding: 372 → 386 (+14)
0.44% more ownership
Funds ownership: 24.5% → 24.94% (+0.44%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$15.2M |
| 2 |
BlackRock
New York
|
+$11.1M |
| 3 |
EPIM
Equinox Partners Investment Management
Stamford,
Connecticut
|
+$10.1M |
| 4 |
AA
ALPS Advisors
Denver,
Colorado
|
+$8.25M |
| 5 |
WIA
World Investment Advisors
Santa Barbara,
California
|
+$3.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$27.1M |
| 2 |
Jane Street
New York
|
-$21.4M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$16.2M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$9.72M |
| 5 |
LAII
LM Asset (IM) Inc
Vancouver,
British Columbia, Canada
|
-$4.54M |
PSLV Hedge Fund Activity: Q1 2025 in Review
386 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q1 2025, worth a combined $1.5B — up 22% from $1.23B 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.
- 386 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q1 2025, up from 372 in Q4 2024.
- Funds reported $1.5B of Sprott Physical Silver Trust stock for Q1 2025, up 22% 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.