iShares Silver Trust
446 hedge funds and large institutions have $1.2B invested in iShares Silver Trust in 2020 Q1 according to their latest regulatory filings, with 77 funds opening new positions, 131 increasing their positions, 123 reducing their positions, and 73 closing their positions.
27% more funds holding in top 10
Funds holding in top 10: 11 → 14 (+3)
24% more call options, than puts
Call options by funds: $1.21B | Put options by funds: $972M
2.85% more ownership
Funds ownership: 18.9% → 21.75% (+2.8%)
7% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 123
5% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 73
1% less funds holding
Funds holding: 450 → 446 (-4)
3% less capital invested
Capital invested by funds: $1.24B → $1.2B (-$32.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Twin Tree Management
Dallas,
Texas
|
+$87.9M |
| 2 |
OU
Optiver US
Chicago,
Illinois
|
+$68.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$47.3M |
| 4 |
JP Morgan Chase
New York
|
+$39M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$36.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CTC (Chicago Trading Company)
Chicago,
Illinois
|
-$38.9M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$25.9M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$25.6M |
| 4 |
LCM
Lakewood Capital Management
New York
|
-$20.6M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$15.7M |
SLV Hedge Fund Activity: Q1 2020 in Review
446 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in iShares Silver Trust (SLV) for Q1 2020, worth a combined $1.2B — down 2.7% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new SLV positions and 73 closed out — a net gain of 4 holders — while 131 added to existing stakes and 123 trimmed.
The largest buyer was Twin Tree Management, opening a new position worth an estimated $87.9M. The largest seller was CTC (Chicago Trading Company), exiting entirely with an estimated $38.9M sold.
- 446 institutional investors held iShares Silver Trust (SLV) as of Q1 2020, down from 450 in Q4 2019.
- Funds reported $1.2B of iShares Silver Trust stock for Q1 2020, down 2.7% quarter-over-quarter.
- 77 funds opened new iShares Silver Trust positions in Q1 2020 and 73 closed out, a net change of +4 holders.
- The largest iShares Silver Trust buyer in Q1 2020 was Twin Tree Management, an estimated $87.9M added.
- The largest iShares Silver Trust seller in Q1 2020 was CTC (Chicago Trading Company), an estimated $38.9M sold.
Based on aggregated 13F filings for Q1 2020.