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iShares Silver Trust

401 hedge funds and large institutions have $947M invested in iShares Silver Trust in 2018 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 112 increasing their positions, 102 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more call options, than puts

Call options by funds: $445M | Put options by funds: $309M

10% more repeat investments, than reductions

Existing positions increased: 112 | Existing positions reduced: 102

0.72% less ownership

Funds ownership: 18.92%18.2% (-0.72%)

4% less capital invested

Capital invested by funds: $986M → $947M (-$38.6M)

2% less funds holding

Funds holding: 410401 (-9)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

15% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 40

Holders
401
Holders Change
-9
Holders Change %
-2.2%
% of All Funds
9.18%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.14%
New
34
Increased
112
Reduced
102
Closed
40
Calls
$445M
Puts
$309M
Net Calls
+$135M
Net Calls Change
+$54.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$129M -$22M -1,412,688 -14%
UBS Group
2
UBS Group
Switzerland
$64.2M -$34.6M -2,221,133 -34%
Morgan Stanley
3
Morgan Stanley
New York
$50.6M +$1.68M +107,697 +3%
Susquehanna International Group
4
Susquehanna International Group
Pennsylvania
$43.3M -$18.1M -1,160,551 -29%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$40.8M +$7.89M +506,619 +23%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$36.2M -$865K -55,536 -2%
OU
7
Optiver US
Illinois
$35.6M +$27.8M +1,782,325 +315%
JP Morgan Chase
8
JP Morgan Chase
New York
$33.9M +$29.9M +1,922,933 +615%
Citadel Advisors
9
Citadel Advisors
Florida
$29.3M +$8.69M +558,169 +41%
Wells Fargo
10
Wells Fargo
California
$23.1M -$6.55M -420,441 -22%
Barclays
11
Barclays
United Kingdom
$22.3M +$13.8M +889,311 +152%
GLI
12
Guardian Life Insurance
New York
$20.2M +$204K +13,123 +1%
LPL Financial
13
LPL Financial
California
$19.8M -$181K -11,623 -0.9%
PL
14
Polianta Ltd
Jersey
$16M +$16.5M +1,057,500 New
MFM
15
MD Financial Management
Ontario, Canada
$15.7M -$20.2M -1,299,391 -56%
Teacher Retirement System of Texas
16
Teacher Retirement System of Texas
Texas
$15.4M +$4.67M +300,000 +42%
CWM
17
Cornerstone Wealth Management
Missouri
$14.7M +$3.19M +204,820 +1,492%
Group One Trading
18
Group One Trading
Illinois
$12.7M +$9M +578,102 +223%
Ameriprise
19
Ameriprise
Minnesota
$11.7M -$891K -57,203 -7%
Twin Tree Management
20
Twin Tree Management
Texas
$11.1M -$14M -901,067 -55%
ANTB
21
AMG National Trust Bank
Colorado
$10.4M +$1.39M +89,375 +15%
LCM
22
Lakewood Capital Management
New York
$9.18M
Mackenzie Financial
23
Mackenzie Financial
Ontario, Canada
$9.09M +$704K +45,230 +8%
DPRC
24
Deer Park Road Corp
Colorado
$9.09M +$4.36M +280,000 +88%
Goldman Sachs
25
Goldman Sachs
New York
$8.97M -$3.85M -247,234 -29%

SLV Hedge Fund Activity: Q2 2018 in Review

401 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in iShares Silver Trust (SLV) for Q2 2018, worth a combined $947M — down 3.9% from $986M a quarter earlier.

Sellers outnumbered buyers: 40 funds closed out of SLV and 34 opened new positions — a net loss of 6 holders — while 102 trimmed existing stakes and 112 added.

The largest buyer was JP Morgan Chase, adding an estimated $29.9M. The largest seller was UBS Group, cutting an estimated $34.6M.

  • 401 institutional investors held iShares Silver Trust (SLV) as of Q2 2018, down from 410 in Q1 2018.
  • Funds reported $947M of iShares Silver Trust stock for Q2 2018, down 3.9% quarter-over-quarter.
  • 34 funds opened new iShares Silver Trust positions in Q2 2018 and 40 closed out, a net change of -6 holders.
  • The largest iShares Silver Trust buyer in Q2 2018 was JP Morgan Chase, an estimated $29.9M added.
  • The largest iShares Silver Trust seller in Q2 2018 was UBS Group, an estimated $34.6M sold.

Based on aggregated 13F filings for Q2 2018.