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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
SHFA
701
SS&H Financial Advisors
Michigan
$426K – – –
Cohen & Steers
702
Cohen & Steers
New York
$424K +$359K +10,000 New
GCM
703
Glaxis Capital Management
Florida
$424K -$442K -12,300 -55%
CFP
704
Catalyst Financial Partners
Massachusetts
$424K – – –
HCP
705
Hardin Capital Partners
South Carolina
$423K – – –
SCM
706
Schnieders Capital Management
California
$423K – – –
WWM
707
Wolff Wiese Magana
California
$422K +$358K +9,962 New
PB
708
Pinnacle Bancorp
Nebraska
$418K – – –
BlackRock
709
BlackRock
New York
$417K – – –
GWANC
710
Guardian Wealth Advisors (North Carolina)
North Carolina
$417K – – –
RSA
711
River Street Advisors
Illinois
$415K -$117K -3,270 -25%
NAS
712
Nicolet Advisory Services
Wisconsin
$415K +$37.4K +1,042 +12%
B
713
Bellecapital
Switzerland
$413K – – –
FLPIM
714
F.L. Putnam Investment Management
Massachusetts
$413K -$6.11K -170 -2%
AIM
715
Aspen Investment Management
Michigan
$412K -$38.6K -1,075 -10%
PA
716
Pinnacle Associates
New York
$410K +$35.8K +996 +11%
AFS
717
Access Financial Services
Minnesota
$409K – – –
TNBTD
718
Trustmark National Bank Trust Department
Mississippi
$408K – – –
MAS
719
Madden Advisory Services
Florida
$406K +$344K +9,577 New
HA
720
Harfst & Associates
Wyoming
$404K +$343K +9,540 New
AWE
721
Avidian Wealth Enterprises
Texas
$404K +$342K +9,528 New
Capstone Investment Advisors
722
Capstone Investment Advisors
New York
$404K +$342K +9,526 New
BAM
723
Brave Asset Management
New Jersey
$403K +$342K +9,523 New
PFW
724
Petros Family Wealth
Minnesota
$403K +$38.8K +1,080 +13%
ACM
725
Ardent Capital Management
Ohio
$403K – – –
27 28
29
30 31

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.