iShares Silver Trust
398 hedge funds and large institutions have $727M invested in iShares Silver Trust in 2018 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 78 increasing their positions, 140 reducing their positions, and 68 closing their positions.
43% more call options, than puts
Call options by funds: $642M | Put options by funds: $448M
0.6% less ownership
Funds ownership: 15.43% → 14.83% (-0.6%)
6% less first-time investments, than exits
New positions opened: 64 | Existing positions closed: 68
3% less funds holding
Funds holding: 410 → 398 (-12)
7% less capital invested
Capital invested by funds: $778M → $727M (-$50.8M)
44% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 140
44% less funds holding in top 10
Funds holding in top 10: 9 → 5 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KL
KGH Ltd
Nassau,
Bahamas
|
+$17.7M |
| 2 |
Barclays
London,
United Kingdom
|
+$14.5M |
| 3 |
JP Morgan Chase
New York
|
+$12.9M |
| 4 |
Millennium Management
New York
|
+$12.2M |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
+$10.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$23.7M |
| 2 |
CTC (Chicago Trading Company)
Chicago,
Illinois
|
-$20.6M |
| 3 |
OU
Optiver US
Chicago,
Illinois
|
-$15.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$14.6M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$8.18M |
SLV Hedge Fund Activity: Q4 2018 in Review
398 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in iShares Silver Trust (SLV) for Q4 2018, worth a combined $727M — down 6.5% from $778M a quarter earlier.
Sellers outnumbered buyers: 68 funds closed out of SLV and 64 opened new positions — a net loss of 4 holders — while 140 trimmed existing stakes and 78 added.
The largest buyer was KGH Ltd, opening a new position worth an estimated $17.7M. The largest seller was Susquehanna International Group, cutting an estimated $23.7M.
- 398 institutional investors held iShares Silver Trust (SLV) as of Q4 2018, down from 410 in Q3 2018.
- Funds reported $727M of iShares Silver Trust stock for Q4 2018, down 6.5% quarter-over-quarter.
- 64 funds opened new iShares Silver Trust positions in Q4 2018 and 68 closed out, a net change of -4 holders.
- The largest iShares Silver Trust buyer in Q4 2018 was KGH Ltd, an estimated $17.7M added.
- The largest iShares Silver Trust seller in Q4 2018 was Susquehanna International Group, an estimated $23.7M sold.
Based on aggregated 13F filings for Q4 2018.