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Global X Silver Miners ETF NEW
SIL

316 hedge funds and large institutions have $1.37B invested in Global X Silver Miners ETF NEW in 2025 Q4 according to their latest regulatory filings, with 85 funds opening new positions, 104 increasing their positions, 82 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

193% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 29

160% more funds holding in top 10

Funds holding in top 10: 5 → 13 (+8)

44% more capital invested

Capital invested by funds: $951M → $1.37B (+$423M)

27% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 82

19% more funds holding

Funds holding: 265 → 316 (+51)

1.39% more ownership

Funds ownership: 27% → 28.39% (+1.4%)

3% more call options, than puts

Call options by funds: $114M | Put options by funds: $111M

Holders
316
Holders Change
+51
Holders Change %
+19.25%
% of All Funds
3.84%
Holding in Top 10
13
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+160%
% of All Funds
0.16%
New
85
Increased
104
Reduced
82
Closed
29
Calls
$114M
Puts
$111M
Net Calls
+$3.11M
Net Calls Change
-$122M

Top Buyers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$152M
2
Two Sigma Investments
Two Sigma Investments
New York
+$25.8M
3
MCM
Mainstay Capital Management
Michigan
+$21.3M
4
SAA
Southeast Asset Advisors
Georgia
+$18.2M
5
Group One Trading
Group One Trading
Illinois
+$14.5M

Top Sellers

1
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$66.2M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$27.1M
3
LPL Financial
LPL Financial
California
-$15.7M
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$9.95M
5
Bank of America
Bank of America
North Carolina
-$9.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
1
Susquehanna International Group
Pennsylvania
$178M +$152M +2,054,902 +2,641%
Morgan Stanley
2
Morgan Stanley
New York
$122M -$8.76M -118,829 -7%
MIH
3
Meitav Investment House
Israel
$103M – – –
LPL Financial
4
LPL Financial
California
$75.2M -$15.7M -213,050 -19%
Jane Street
5
Jane Street
New York
$35.9M -$7.67M -103,956 -19%
Wells Fargo
6
Wells Fargo
California
$32.1M +$2.65M +35,887 +10%
Two Sigma Investments
7
Two Sigma Investments
New York
$29.2M +$25.8M +349,300 New
EG
8
Electrum Group
New York
$28.6M +$25.2M +342,009 New
UBS Group
9
UBS Group
Switzerland
$28.5M -$8.36M -113,291 -25%
Citigroup
10
Citigroup
New York
$27.6M +$8.53M +115,660 +54%
MCM
11
Mainstay Capital Management
Michigan
$25.8M +$21.3M +289,072 +1,440%
Group One Trading
12
Group One Trading
Illinois
$25.2M +$14.5M +196,492 +187%
Stifel Financial
13
Stifel Financial
Missouri
$25M +$5.02M +68,010 +29%
Bank of Nova Scotia
14
Bank of Nova Scotia
Ontario, Canada
$24.7M -$66.2M -896,904 -75%
Citadel Advisors
15
Citadel Advisors
Florida
$22.2M +$12M +162,318 +156%
SAA
16
Southeast Asset Advisors
Georgia
$20.6M +$18.2M +247,184 New
Baird Financial Group
17
Baird Financial Group
Wisconsin
$17.9M +$715K +9,691 +5%
Ameriprise
18
Ameriprise
Minnesota
$16.8M +$3.02M +41,000 +26%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$15.3M -$833K -11,300 -6%
BNP Paribas Financial Markets
20
BNP Paribas Financial Markets
France
$14.9M +$8.68M +117,667 +194%
Bank of America
21
Bank of America
North Carolina
$14.5M -$9.63M -130,527 -43%
PFM
22
Potomac Fund Management
Florida
$13.7M -$846K -11,469 -7%
Northwestern Mutual Wealth Management
23
Northwestern Mutual Wealth Management
Wisconsin
$13.4M -$5.47M -74,199 -32%
AOWM
24
Asset One Wealth Management
Washington
$12.9M +$10.2M +138,278 New
Raymond James Financial
25
Raymond James Financial
Florida
$12.8M +$3.7M +50,206 +49%
1
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SIL Hedge Fund Activity: Q4 2025 in Review

316 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Global X Silver Miners ETF NEW (SIL) for Q4 2025, worth a combined $1.37B — up 44% from $951M a quarter earlier.

Buyers outnumbered sellers: 85 funds opened new SIL positions and 29 closed out — a net gain of 56 holders — while 104 added to existing stakes and 82 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $152M. The largest seller was Bank of Nova Scotia, cutting an estimated $66.2M.

  • 316 institutional investors held Global X Silver Miners ETF NEW (SIL) as of Q4 2025, up from 265 in Q3 2025.
  • Funds reported $1.37B of Global X Silver Miners ETF NEW stock for Q4 2025, up 44% quarter-over-quarter.
  • 85 funds opened new Global X Silver Miners ETF NEW positions in Q4 2025 and 29 closed out, a net change of +56 holders.
  • The largest Global X Silver Miners ETF NEW buyer in Q4 2025 was Susquehanna International Group, an estimated $152M added.
  • The largest Global X Silver Miners ETF NEW seller in Q4 2025 was Bank of Nova Scotia, an estimated $66.2M sold.

Based on aggregated 13F filings for Q4 2025.