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iShares Silver Trust

296 hedge funds and large institutions have $1.08B invested in iShares Silver Trust in 2014 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 95 increasing their positions, 98 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

104% more call options, than puts

Call options by funds: $1.47B | Put options by funds: $719M

2.47% more ownership

Funds ownership: 15.83%18.3% (+2.5%)

3% less repeat investments, than reductions

Existing positions increased: 95 | Existing positions reduced: 98

4% less funds holding

Funds holding: 308296 (-12)

18% less capital invested

Capital invested by funds: $1.31B → $1.08B (-$233M)

20% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 40

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
296
Holders Change
-12
Holders Change %
-3.9%
% of All Funds
8.59%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
32
Increased
95
Reduced
98
Closed
40
Calls
$1.47B
Puts
$719M
Net Calls
+$749M
Net Calls Change
-$345M
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$132M -$28.7M -1,520,110 -16%
Susquehanna International Group
2
Susquehanna International Group
Pennsylvania
$90M +$15.4M +815,110 +17%
Bank of America
3
Bank of America
North Carolina
$89.9M +$13M +686,407 +14%
JP Morgan Chase
4
JP Morgan Chase
New York
$88.5M +$21.6M +1,142,674 +27%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$86.3M +$67.2M +3,556,090 +207%
CS
6
Credit Suisse
Switzerland
$47.9M +$14.8M +785,131 +37%
Citigroup
7
Citigroup
New York
$46.9M +$41.9M +2,216,162 +340%
U
8
UBS
Switzerland
$38.2M +$749K +39,595 +2%
BNP Paribas Financial Markets
9
BNP Paribas Financial Markets
France
$34.2M +$16.7M +881,256 +73%
Wells Fargo
10
Wells Fargo
California
$27.2M -$4.68M -247,749 -13%
AssetMark Inc
11
AssetMark Inc
California
$23.7M +$27.4M +1,450,963 New
Teacher Retirement System of Texas
12
Teacher Retirement System of Texas
Texas
$20.1M +$4.07M +215,000 +21%
Parallax Volatility Advisers
13
Parallax Volatility Advisers
California
$16M +$18.4M +972,349 +12,694%
Barclays
14
Barclays
United Kingdom
$15M +$8.58M +453,748 +93%
Goldman Sachs
15
Goldman Sachs
New York
$13.7M +$7.59M +401,585 +92%
CIC
16
Chilton Investment Company
Connecticut
$13.1M -$316K -16,687 -2%
Citadel Advisors
17
Citadel Advisors
Florida
$12.3M -$2.37M -125,367 -14%
SG Americas Securities
18
SG Americas Securities
New York
$11.6M +$10.9M +573,985 +416%
QI
19
QS Investors
New York
$9.4M +$826K +43,660 +8%
Bank of Montreal
20
Bank of Montreal
Ontario, Canada
$9.4M +$2M +105,967 +23%
ICM
21
Ionic Capital Management
New York
$9.18M -$5.92M -312,829 -36%
USAA
22
United Services Automobile Association
Texas
$8.61M -$356K -18,848 -3%
BI
23
Braeside Investments
Texas
$8.54M -$41.2K -2,178 -0.4%
VF
24
Virtu Financial
New York
$7.93M +$9.17M +484,753 New
Stifel Financial
25
Stifel Financial
Missouri
$7.04M -$577K -30,516 -7%

SLV Hedge Fund Activity: Q3 2014 in Review

296 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in iShares Silver Trust (SLV) for Q3 2014, worth a combined $1.08B — down 18% from $1.31B a quarter earlier.

Sellers outnumbered buyers: 40 funds closed out of SLV and 32 opened new positions — a net loss of 8 holders — while 98 trimmed existing stakes and 95 added.

The largest buyer was Royal Bank of Canada, adding an estimated $67.2M. The largest seller was Morgan Stanley, cutting an estimated $28.7M.

  • 296 institutional investors held iShares Silver Trust (SLV) as of Q3 2014, down from 308 in Q2 2014.
  • Funds reported $1.08B of iShares Silver Trust stock for Q3 2014, down 18% quarter-over-quarter.
  • 32 funds opened new iShares Silver Trust positions in Q3 2014 and 40 closed out, a net change of -8 holders.
  • The largest iShares Silver Trust buyer in Q3 2014 was Royal Bank of Canada, an estimated $67.2M added.
  • The largest iShares Silver Trust seller in Q3 2014 was Morgan Stanley, an estimated $28.7M sold.

Based on aggregated 13F filings for Q3 2014.