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iShares Silver Trust
SLV

1,009 hedge funds and large institutions have $5.21B invested in iShares Silver Trust in 2025 Q1 according to their latest regulatory filings, with 168 funds opening new positions, 337 increasing their positions, 237 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more first-time investments, than exits

New positions opened: 168 | Existing positions closed: 75

82% more funds holding in top 10

Funds holding in top 10: 17 → 31 (+14)

56% more call options, than puts

Call options by funds: $8.14B | Put options by funds: $5.23B

42% more repeat investments, than reductions

Existing positions increased: 337 | Existing positions reduced: 237

8% more funds holding

Funds holding: 935 → 1,009 (+74)

2.94% more ownership

Funds ownership: 31.19% → 34.13% (+2.9%)

4% more capital invested

Capital invested by funds: $5B → $5.21B (+$210M)

Holders
1,009
Holders Change
+74
Holders Change %
+7.91%
% of All Funds
13.53%
Holding in Top 10
31
Holding in Top 10 Change
+14
Holding in Top 10 Change %
+82.35%
% of All Funds
0.42%
New
168
Increased
337
Reduced
237
Closed
75
Calls
$8.14B
Puts
$5.23B
Net Calls
+$2.91B
Net Calls Change
+$114M

Top Buyers

Rank Fund Capital Flow
1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$131M
2
Jane Street
Jane Street
New York
+$119M
3
IMC Chicago
IMC Chicago
Illinois
+$64.5M
4
Ameriprise
Ameriprise
Minnesota
+$42.4M
5
UBS Group
UBS Group
Switzerland
+$39M

Top Sellers

Rank Fund Capital Flow
1
CTC (Chicago Trading Company)
CTC (Chicago Trading Company)
Illinois
-$155M
2
Morgan Stanley
Morgan Stanley
New York
-$117M
3
Millennium Management
Millennium Management
New York
-$90.9M
4
National Bank of Canada
National Bank of Canada
Quebec, Canada
-$51.2M
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$28.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
CMA
976
Cedar Mountain Advisors
Oregon
$5.27K – – –
FMTCOCP
977
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$5K – – –
BAM
978
Byrne Asset Management
New Jersey
$4.96K – – –
CSC
979
Caldwell Sutter Capital
California
$4.96K – – –
NL
980
NVWM LLC
Pennsylvania
$4.8K – – –
BCWM
981
Bartlett & Co Wealth Management
Ohio
$4.65K – – –
AF
982
Abound Financial
California
$4.15K +$3.89K +134 New
GBT
983
Grove Bank & Trust
Florida
$4.12K – – –
CIAS
984
CBIZ Investment Advisory Services
Ohio
$3.63K – – –
HPC
985
HM Payson & Co
Maine
$3.6K – – –
CJH
986
Christopher J. Hasenberg
Wisconsin
$3.37K – – –
TRCT
987
Tower Research Capital (TRC)
New York
$3.17K +$3.11K +107 New
CFO
988
CVA Family Office
Colorado
$3.1K – – –
PPWM
989
PFG Private Wealth Management
Florida
$3.1K – – –
PGAM
990
Princeton Global Asset Management
New Jersey
$3.1K – – –
RF
991
Robinswood Financial
Washington
$3.1K – – –
WSC
992
Wellington Shields & Co
New York
$3.1K – – –
AWM
993
AllSquare Wealth Management
New York
$2.94K – – –
LAM
994
Lummis Asset Management
Texas
$2.63K +$2.47K +85 New
AIM
995
Anchor Investment Management
South Carolina
$2.48K – – –
NMG
996
New Millennium Group
Utah
$2.2K – – –
BWM
997
Bernard Wealth Management
Michigan
$1.95K -$38.7K -1,333 -95%
LRWM
998
Lord & Richards Wealth Management
Colorado
$1.8K +$1.69K +58 New
CCMW
999
Cypress Capital Management (Wyoming)
Wyoming
$1.55K – – –
LWMI
1000
Legacy Wealth Management (Idaho)
Idaho
$1.24K +$1.16K +40 New
38 39
40
41 42

SLV Hedge Fund Activity: Q1 2025 in Review

1,009 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares Silver Trust (SLV) for Q1 2025, worth a combined $5.21B — up 4.2% from $5B a quarter earlier.

Buyers outnumbered sellers: 168 funds opened new SLV positions and 75 closed out — a net gain of 93 holders — while 337 added to existing stakes and 237 trimmed.

The largest buyer was BNP Paribas Financial Markets, adding an estimated $131M. The largest seller was CTC (Chicago Trading Company), exiting entirely with an estimated $155M sold.

  • 1,009 institutional investors held iShares Silver Trust (SLV) as of Q1 2025, up from 935 in Q4 2024.
  • Funds reported $5.21B of iShares Silver Trust stock for Q1 2025, up 4.2% quarter-over-quarter.
  • 168 funds opened new iShares Silver Trust positions in Q1 2025 and 75 closed out, a net change of +93 holders.
  • The largest iShares Silver Trust buyer in Q1 2025 was BNP Paribas Financial Markets, an estimated $131M added.
  • The largest iShares Silver Trust seller in Q1 2025 was CTC (Chicago Trading Company), an estimated $155M sold.

Based on aggregated 13F filings for Q1 2025.