iShares Silver Trust
1,016 hedge funds and large institutions have $5.22B invested in iShares Silver Trust in 2025 Q1 according to their latest regulatory filings, with 169 funds opening new positions, 340 increasing their positions, 238 reducing their positions, and 76 closing their positions.
122% more first-time investments, than exits
New positions opened: 169 | Existing positions closed: 76
78% more funds holding in top 10
Funds holding in top 10: 18 → 32 (+14)
56% more call options, than puts
Call options by funds: $8.14B | Put options by funds: $5.23B
49% more capital inflows, than outflows
Capital inflows: $963M | Capital outflows: $645M
43% more repeat investments, than reductions
Existing positions increased: 340 | Existing positions reduced: 238
8% more funds holding
Funds holding: 941 → 1,016 (+75)
2.94% more ownership
Funds ownership: 31.24% → 34.18% (+2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$131M |
| 2 |
Jane Street
New York
|
+$119M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$64.5M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$42.4M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CTC (Chicago Trading Company)
Chicago,
Illinois
|
-$155M |
| 2 |
Morgan Stanley
New York
|
-$117M |
| 3 |
Millennium Management
New York
|
-$90.9M |
| 4 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$51.2M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$28.7M |
SLV Hedge Fund Activity: Q1 2025 in Review
1,016 of the 7,486 institutional investors tracked by Wall St. Rank reported a position in iShares Silver Trust (SLV) for Q1 2025, worth a combined $5.22B — up 26% from $4.16B a quarter earlier.
Buyers outnumbered sellers: 169 funds opened new SLV positions and 76 closed out — a net gain of 93 holders — while 340 added to existing stakes and 238 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.
- 1,016 institutional investors held iShares Silver Trust (SLV) as of Q1 2025, up from 941 in Q4 2024.
- Funds reported $5.22B of iShares Silver Trust stock for Q1 2025, up 26% quarter-over-quarter.
- 169 funds opened new iShares Silver Trust positions in Q1 2025 and 76 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.