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iShares Silver Trust
SLV

1,210 hedge funds and large institutions have $6.95B invested in iShares Silver Trust in 2025 Q3 according to their latest regulatory filings, with 218 funds opening new positions, 444 increasing their positions, 280 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

241% more first-time investments, than exits

New positions opened: 218 | Existing positions closed: 64

75% more call options, than puts

Call options by funds: $13.4B | Put options by funds: $7.66B

59% more repeat investments, than reductions

Existing positions increased: 444 | Existing positions reduced: 280

52% more funds holding in top 10

Funds holding in top 10: 25 → 38 (+13)

28% more capital invested

Capital invested by funds: $5.44B → $6.95B (+$1.52B)

12% more funds holding

Funds holding: 1,077 → 1,210 (+133)

0.71% less ownership

Funds ownership: 31.18% → 30.47% (-0.71%)

Holders
1,210
Holders Change
+133
Holders Change %
+12.35%
% of All Funds
15.88%
Holding in Top 10
38
Holding in Top 10 Change
+13
Holding in Top 10 Change %
+52%
% of All Funds
0.5%
New
218
Increased
444
Reduced
280
Closed
64
Calls
$13.4B
Puts
$7.66B
Net Calls
+$5.75B
Net Calls Change
+$1.52B

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$163M
2
Bank of America
Bank of America
North Carolina
+$46.3M
3
LPL Financial
LPL Financial
California
+$37.2M
4
SG Americas Securities
SG Americas Securities
New York
+$37M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$34.7M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$363M
2
Jane Street
Jane Street
New York
-$77.3M
3
NM
NWI Management
New York
-$64.8M
4
Marshall Wace
Marshall Wace
United Kingdom
-$37.8M
5
Goldman Sachs
Goldman Sachs
New York
-$27.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAG
476
Csenge Advisory Group
Florida
$1.02M -$54.1K -1,506 -6%
KWS
477
Keystone Wealth Services
California
$1.01M -$45.6K -1,269 -5%
GWM
478
Geneos Wealth Management
Colorado
$1.01M +$22.6K +630 +3%
JAG
479
Journey Advisory Group
Kentucky
$995K – – –
FPAS
480
Focus Partners Advisor Solutions
Missouri
$994K +$109K +3,023 +15%
FFA
481
Founders Financial Alliance
North Carolina
$984K +$78.1K +2,174 +10%
BAM
482
Broyhill Asset Management
North Carolina
$975K – – –
NWWA
483
New Wave Wealth Advisors
Arkansas
$959K +$161K +4,479 +25%
CF
484
Centaurus Financial
California
$954K -$1.41M -39,372 -64%
WJWM
485
Williams Jones Wealth Management
New York
$952K -$86.2K -2,400 -10%
CA
486
Calton & Associates
Florida
$947K +$2.08K +58 +0.3%
CFD
487
Creative Financial Designs
Indiana
$946K +$55.4K +1,543 +7%
WC
488
Winmill & Co
New York
$946K – – –
QWM
489
Quadcap Wealth Management
Texas
$945K – – –
FFS
490
Founders Financial Securities
Maryland
$943K +$352K +9,792 +79%
NRI
491
NFP Retirement Inc
California
$936K +$175K +4,878 +28%
BCM
492
BTC Capital Management
Iowa
$932K – – –
CCA
493
Conservest Capital Advisors
Pennsylvania
$931K – – –
IPW
494
Impact Partnership Wealth
Georgia
$926K +$528K +14,700 +205%
HI
495
Hoey Investments
Pennsylvania
$926K +$305K +8,500 +64%
CSP
496
Cary Street Partners
Virginia
$925K +$3.05K +85 +0.4%
CWL
497
Causey Wealth LLC
Colorado
$921K +$166K +4,625 +27%
HA
498
Herold Advisors
New York
$919K -$130K -3,625 -14%
PCMM
499
Piedmont Capital Management (Montana)
Montana
$918K +$41.7K +1,161 +6%
VFA
500
Valeo Financial Advisors
Indiana
$916K -$10.8K -300 -1%
18 19
20
21 22

SLV Hedge Fund Activity: Q3 2025 in Review

1,210 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in iShares Silver Trust (SLV) for Q3 2025, worth a combined $6.95B — up 28% from $5.44B a quarter earlier.

Buyers outnumbered sellers: 218 funds opened new SLV positions and 64 closed out — a net gain of 154 holders — while 444 added to existing stakes and 280 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $163M. The largest seller was UBS Group, cutting an estimated $363M.

  • 1,210 institutional investors held iShares Silver Trust (SLV) as of Q3 2025, up from 1,077 in Q2 2025.
  • Funds reported $6.95B of iShares Silver Trust stock for Q3 2025, up 28% quarter-over-quarter.
  • 218 funds opened new iShares Silver Trust positions in Q3 2025 and 64 closed out, a net change of +154 holders.
  • The largest iShares Silver Trust buyer in Q3 2025 was Morgan Stanley, an estimated $163M added.
  • The largest iShares Silver Trust seller in Q3 2025 was UBS Group, an estimated $363M sold.

Based on aggregated 13F filings for Q3 2025.