iShares Silver Trust
1,213 hedge funds and large institutions have $6.96B invested in iShares Silver Trust in 2025 Q3 according to their latest regulatory filings, with 218 funds opening new positions, 444 increasing their positions, 282 reducing their positions, and 63 closing their positions.
246% more first-time investments, than exits
New positions opened: 218 | Existing positions closed: 63
75% more call options, than puts
Call options by funds: $13.4B | Put options by funds: $7.66B
57% more repeat investments, than reductions
Existing positions increased: 444 | Existing positions reduced: 282
50% more funds holding in top 10
Funds holding in top 10: 26 → 39 (+13)
12% more funds holding
Funds holding: 1,079 → 1,213 (+134)
8% more capital inflows, than outflows
Capital inflows: $1.06B | Capital outflows: $983M
0.82% less ownership
Funds ownership: 31.32% → 30.5% (-0.82%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$163M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$46.3M |
| 3 |
LPL Financial
San Diego,
California
|
+$37.2M |
| 4 |
SG Americas Securities
New York
|
+$37M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$34.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$363M |
| 2 |
Jane Street
New York
|
-$77.3M |
| 3 |
NM
NWI Management
New York
|
-$64.8M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$37.8M |
| 5 |
Goldman Sachs
New York
|
-$27.7M |
SLV Hedge Fund Activity: Q3 2025 in Review
1,213 of the 7,647 institutional investors tracked by Wall St. Rank reported a position in iShares Silver Trust (SLV) for Q3 2025, worth a combined $6.96B — up 28% from $5.43B a quarter earlier.
Buyers outnumbered sellers: 218 funds opened new SLV positions and 63 closed out — a net gain of 155 holders — while 444 added to existing stakes and 282 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $163M. The largest seller was UBS Group, cutting an estimated $363M.
- 1,213 institutional investors held iShares Silver Trust (SLV) as of Q3 2025, up from 1,079 in Q2 2025.
- Funds reported $6.96B of iShares Silver Trust stock for Q3 2025, up 28% quarter-over-quarter.
- 218 funds opened new iShares Silver Trust positions in Q3 2025 and 63 closed out, a net change of +155 holders.
- The largest iShares Silver Trust buyer in Q3 2025 was Morgan Stanley, an estimated $163M added.
- The largest iShares Silver Trust seller in Q3 2025 was UBS Group, an estimated $363M sold.
Based on aggregated 13F filings for Q3 2025.