iShares Silver Trust
294 hedge funds and large institutions have $1.03B invested in iShares Silver Trust in 2013 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 57 increasing their positions, 135 reducing their positions, and 50 closing their positions.
32% more call options, than puts
Call options by funds: $940M | Put options by funds: $712M
2% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 50
1% less funds holding
Funds holding: 297 → 294 (-3)
2.59% less ownership
Funds ownership: 19.02% → 16.43% (-2.6%)
27% less capital invested
Capital invested by funds: $1.41B → $1.03B (-$380M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
58% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 135
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$24.3M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$20.5M |
| 3 |
Goldman Sachs
New York
|
+$12.1M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$12M |
| 5 |
N
Natixis
Paris,
France
|
+$9.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$75.6M |
| 2 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$48.1M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$47.1M |
| 4 |
Citigroup
New York
|
-$38.7M |
| 5 |
Parallax Volatility Advisers
San Francisco,
California
|
-$18.6M |
SLV Hedge Fund Activity: Q4 2013 in Review
294 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in iShares Silver Trust (SLV) for Q4 2013, worth a combined $1.03B — down 27% from $1.41B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of SLV and 49 opened new positions — a net loss of 1 holder — while 135 trimmed existing stakes and 57 added.
The largest buyer was Morgan Stanley, adding an estimated $24.3M. The largest seller was JP Morgan Chase, cutting an estimated $75.6M.
- 294 institutional investors held iShares Silver Trust (SLV) as of Q4 2013, down from 297 in Q3 2013.
- Funds reported $1.03B of iShares Silver Trust stock for Q4 2013, down 27% quarter-over-quarter.
- 49 funds opened new iShares Silver Trust positions in Q4 2013 and 50 closed out, a net change of -1 holder.
- The largest iShares Silver Trust buyer in Q4 2013 was Morgan Stanley, an estimated $24.3M added.
- The largest iShares Silver Trust seller in Q4 2013 was JP Morgan Chase, an estimated $75.6M sold.
Based on aggregated 13F filings for Q4 2013.