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iShares Silver Trust

308 hedge funds and large institutions have $1.31B invested in iShares Silver Trust in 2014 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 82 increasing their positions, 109 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

198% more call options, than puts

Call options by funds: $1.65B | Put options by funds: $552M

24% more capital invested

Capital invested by funds: $1.06B → $1.31B (+$253M)

3% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 33

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

0% less funds holding

Funds holding: 309308 (-1)

0.54% less ownership

Funds ownership: 16.37%15.83% (-0.54%)

25% less repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 109

Holders
308
Holders Change
-1
Holders Change %
-0.32%
% of All Funds
8.85%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.06%
New
34
Increased
82
Reduced
109
Closed
33
Calls
$1.65B
Puts
$552M
Net Calls
+$1.09B
Net Calls Change
+$302M
Name Holding Trade Value Shares
Change
Change in
Stake
SAC
1
Smith Affiliated Capital
New York
$222M
Morgan Stanley
2
Morgan Stanley
New York
$194M +$46.6M +2,469,325 +35%
Bank of America
3
Bank of America
North Carolina
$97.4M -$24.7M -1,309,452 -21%
Susquehanna International Group
4
Susquehanna International Group
Pennsylvania
$94.9M -$68.8M -3,642,400 -44%
JP Morgan Chase
5
JP Morgan Chase
New York
$86.5M +$39.2M +2,076,926 +95%
U
6
UBS
Switzerland
$46.5M +$14.2M +751,409 +49%
CS
7
Credit Suisse
Switzerland
$43.5M +$5.57M +294,687 +16%
Wells Fargo
8
Wells Fargo
California
$38.7M -$1.13M -60,044 -3%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$34.8M +$852K +45,109 +3%
BNP Paribas Financial Markets
10
BNP Paribas Financial Markets
France
$24.5M +$13.5M +714,942 +144%
Teacher Retirement System of Texas
11
Teacher Retirement System of Texas
Texas
$20.6M
Citadel Advisors
12
Citadel Advisors
Florida
$17.8M -$3.3M -174,486 -17%
ICM
13
Ionic Capital Management
New York
$17.7M
CIC
14
Chilton Investment Company
Connecticut
$16.5M -$933K -49,369 -6%
Deutsche Bank
15
Deutsche Bank
Germany
$14.2M -$7.33M -387,922 -36%
Citigroup
16
Citigroup
New York
$13.2M -$2.13M -112,558 -15%
USAA
17
United Services Automobile Association
Texas
$11M +$10.3M +545,598 New
QI
18
QS Investors
New York
$10.8M +$2.27M +119,934 +29%
BI
19
Braeside Investments
Texas
$10.6M -$520K -27,512 -5%
LPL Financial
20
LPL Financial
California
$9.73M -$34.4K -1,822 -0.4%
Barclays
21
Barclays
United Kingdom
$9.71M +$1.71M +90,433 +23%
Bank of Montreal
22
Bank of Montreal
Ontario, Canada
$9.49M +$1.14M +60,433 +15%
Stifel Financial
23
Stifel Financial
Missouri
$9.34M +$124K +6,586 +1%
Goldman Sachs
24
Goldman Sachs
New York
$8.85M -$13.2M -696,810 -61%
GLI
25
Guardian Life Insurance
New York
$8.34M +$1.03M +54,381 +15%

SLV Hedge Fund Activity: Q2 2014 in Review

308 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in iShares Silver Trust (SLV) for Q2 2014, worth a combined $1.31B — up 24% from $1.06B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new SLV positions and 33 closed out — a net gain of 1 holder — while 82 added to existing stakes and 109 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $46.6M. The largest seller was Susquehanna International Group, cutting an estimated $68.8M.

  • 308 institutional investors held iShares Silver Trust (SLV) as of Q2 2014, down from 309 in Q1 2014.
  • Funds reported $1.31B of iShares Silver Trust stock for Q2 2014, up 24% quarter-over-quarter.
  • 34 funds opened new iShares Silver Trust positions in Q2 2014 and 33 closed out, a net change of +1 holder.
  • The largest iShares Silver Trust buyer in Q2 2014 was Morgan Stanley, an estimated $46.6M added.
  • The largest iShares Silver Trust seller in Q2 2014 was Susquehanna International Group, an estimated $68.8M sold.

Based on aggregated 13F filings for Q2 2014.