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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
WA
201
Wilmar Advisors
Florida
$2.54M +$581K +20,000 +32%
SIM
202
Stratos Investment Management
Ohio
$2.53M +$2.37M +81,567 New
CI Investments Inc
203
CI Investments Inc
Ontario, Canada
$2.51M – – –
SA
204
Sovran Advisors
California
$2.5M +$77K +2,651 +3%
MYIA
205
Mount Yale Investment Advisors
Colorado
$2.5M +$1.09M +37,554 +87%
KCM
206
Knoll Capital Management
Florida
$2.48M – – –
HWM
207
HB Wealth Management
Georgia
$2.45M +$1.59M +54,752 +224%
Renaissance Technologies
208
Renaissance Technologies
New York
$2.44M +$2.29M +78,800 New
DWA
209
Dorsey Wright & Associates
California
$2.4M -$60.1K -2,069 -3%
PVI
210
Pine Valley Investments
New Jersey
$2.4M -$195K -6,715 -8%
AF
211
Allworth Financial
California
$2.37M -$28K -965 -1%
Corient Private Wealth
212
Corient Private Wealth
Florida
$2.33M +$677K +23,289 +45%
6CM
213
683 Capital Management
New York
$2.32M – – –
CFG
214
Citizens Financial Group
Rhode Island
$2.29M +$2.15M +74,024 New
KWM
215
Kingsview Wealth Management
Oregon
$2.28M +$568K +19,562 +36%
AWM
216
Axxcess Wealth Management
California
$2.26M -$772K -26,585 -27%
PCH
217
PGIM Custom Harvest
New Jersey
$2.24M -$42.4K -1,460 -2%
CJ
218
Caitlin John
Michigan
$2.24M -$215K -7,383 -9%
AI
219
Arvest Investments
Arkansas
$2.23M +$163K +5,618 +8%
WN
220
Williams & Novak
California
$2.2M -$263K -9,060 -11%
AWA
221
Arete Wealth Advisors
Illinois
$2.19M +$352K +12,113 +21%
HT
222
Headlands Technologies
Illinois
$2.18M +$2.04M +70,252 New
PC
223
Panoramic Capital
California
$2.17M +$2.03M +70,000 New
Man Group
224
Man Group
United Kingdom
$2.16M +$2.02M +69,678 New
WIA
225
World Investment Advisors
California
$2.16M +$71K +2,445 +4%
7 8
9
10 11

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.