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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
FMWA
601
Forvis Mazars Wealth Advisors
Missouri
$587K -$33.1K -923 -6%
BFG
602
Berger Financial Group
Minnesota
$586K +$76K +2,115 +18%
TCWM
603
Total Clarity Wealth Management
Illinois
$585K +$48.4K +1,349 +11%
HIM
604
Hanlon Investment Management
New Jersey
$584K -$5.89K -164 -1%
GAM
605
Grandview Asset Management
Pennsylvania
$582K +$23.3K +650 +5%
ITIM
606
Indiana Trust & Investment Management
Indiana
$579K – – –
WWA
607
WCG Wealth Advisors
Nevada
$578K +$1.19K +33 +0.2%
SIM
608
Stratos Investment Management
Ohio
$577K -$3.64M -101,429 -88%
First Trust Advisors
609
First Trust Advisors
Illinois
$572K -$485K -13,500 -50%
UPS
610
UHLMANN PRICE SECURITIES
Illinois
$571K -$96K -2,674 -17%
WAM
611
Worth Asset Management
Texas
$570K +$483K +13,447 New
Betterment LLC
612
Betterment LLC
New York
$566K +$31.4K +874 +7%
BWP
613
Baldwin Wealth Partners
Massachusetts
$566K – – –
WANY
614
Wealthspire Advisors (New York)
New York
$565K -$24.2K -673 -5%
SWAG
615
Spectrum Wealth Advisory Group
California
$565K -$1.69K -47 -0.4%
HSA
616
HBK Sorce Advisory
Pennsylvania
$564K +$160K +4,467 +62%
IAA
617
Ironsides Asset Advisors
North Carolina
$564K +$3.59K +100 +0.8%
VA
618
Valmark Advisers
Ohio
$562K +$102K +2,836 +27%
SAM
619
S.A. Mason
Michigan
$561K – – –
LC
620
Luminist Capital
Michigan
$561K +$471K +13,127 +13,127%
CPA
621
Cardiff Park Advisors
California
$560K +$86.1K +2,398 +22%
ACA
622
Aptus Capital Advisors
Alabama
$558K +$3.59K +100 +0.8%
ACM
623
Advance Capital Management
Michigan
$556K +$63K +1,754 +15%
RWM
624
Ritholtz Wealth Management
New York
$551K +$467K +13,015 New
GWP
625
Gen-Wealth Partners
Michigan
$551K +$3.95K +110 +0.9%
23 24
25
26 27

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.