We are live on ! Find out more
SLV icon

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
SSA
1001
Schonfeld Strategic Advisors
New York
$1.18K – – –
MMCM
1002
Murphy & Mullick Capital Management
New York
$1.08K – – –
TCM
1003
Tradewinds Capital Management
Washington
$775 -$267K -9,193 -100%
PSFG
1004
Park Square Financial Group
Georgia
$651 -$1.8K -62 -75%
MSWM
1005
Mowery & Schoenfeld Wealth Management
Illinois
$620 – – –
WTFG
1006
Wood Tarver Financial Group
Idaho
$558 – – –
HI
1007
Horizon Investments
North Carolina
$496 – – –
WOC
1008
West Oak Capital
California
$401 – – –
PCM
1009
Perritt Capital Management
Illinois
$310 -$291 -10 -50%
PMIM
1010
Prudent Man Investment Management
Colorado
$264 – – –
DFA
1011
DHJJ Financial Advisors
Illinois
$217 – – –
CTC (Chicago Trading Company)
1012
CTC (Chicago Trading Company)
Illinois
– -$155M -5,330,451 Closed
Twin Tree Management
1013
Twin Tree Management
Texas
– -$17.1M -589,602 Closed
CWM
1014
CIBC World Markets
New York
– -$14.2M -490,100 Closed
Teacher Retirement System of Texas
1015
Teacher Retirement System of Texas
Texas
– -$11.6M -440,000 Closed
RIG
1016
Ramiah Investment Group
Wisconsin
– -$4.66M -177,047 Closed
Walleye Trading
1017
Walleye Trading
New York
– -$4.84M -166,587 Closed
Citadel Advisors
1018
Citadel Advisors
Florida
– -$4.5M -154,914 Closed
KF
1019
Krilogy Financial
Missouri
– -$3.83M -145,582 Closed
NL
1020
NWAM LLC
Washington
– -$3.4M -129,291 Closed
MAM
1021
Milestone Asset Management
Pennsylvania
– -$2.72M -103,399 Closed
UOC
1022
UBS O'Connor
Illinois
– -$2.63M -100,000 Closed
DAM
1023
Deltec Asset Management
New York
– -$2.54M -96,540 Closed
Wolverine Trading
1024
Wolverine Trading
Illinois
– -$1.5M -56,861 Closed
WP
1025
WMS Partners
Maryland
– -$1.34M -50,740 Closed
39 40
41
42 43

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.