iShares Silver Trust
365 hedge funds and large institutions have $904M invested in iShares Silver Trust in 2016 Q4 according to their latest regulatory filings, with 67 funds opening new positions, 80 increasing their positions, 125 reducing their positions, and 66 closing their positions.
82% more call options, than puts
Call options by funds: $629M | Put options by funds: $346M
2% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 66
1% less funds holding
Funds holding: 370 → 365 (-5)
4.64% less ownership
Funds ownership: 21.19% → 16.55% (-4.6%)
36% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 125
39% less capital invested
Capital invested by funds: $1.48B → $904M (-$577M)
55% less funds holding in top 10
Funds holding in top 10: 11 → 5 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$32.4M |
| 2 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
+$15.5M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$15.1M |
| 4 |
Barclays
London,
United Kingdom
|
+$11.6M |
| 5 |
CG
Cutler Group
San Francisco,
California
|
+$11.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$90.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$59.3M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$52.5M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$51M |
| 5 |
AssetMark Inc
Concord,
California
|
-$34.9M |
SLV Hedge Fund Activity: Q4 2016 in Review
365 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in iShares Silver Trust (SLV) for Q4 2016, worth a combined $904M — down 39% from $1.48B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new SLV positions and 66 closed out — a net gain of 1 holder — while 80 added to existing stakes and 125 trimmed.
The largest buyer was Credit Suisse, adding an estimated $32.4M. The largest seller was Bank of America, cutting an estimated $90.5M.
- 365 institutional investors held iShares Silver Trust (SLV) as of Q4 2016, down from 370 in Q3 2016.
- Funds reported $904M of iShares Silver Trust stock for Q4 2016, down 39% quarter-over-quarter.
- 67 funds opened new iShares Silver Trust positions in Q4 2016 and 66 closed out, a net change of +1 holder.
- The largest iShares Silver Trust buyer in Q4 2016 was Credit Suisse, an estimated $32.4M added.
- The largest iShares Silver Trust seller in Q4 2016 was Bank of America, an estimated $90.5M sold.
Based on aggregated 13F filings for Q4 2016.