iShares Silver Trust
1,211 hedge funds and large institutions have $6.95B invested in iShares Silver Trust in 2025 Q3 according to their latest regulatory filings, with 218 funds opening new positions, 444 increasing their positions, 281 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
58% more repeat investments, than reductions
Existing positions increased: 444 | Existing positions reduced: 281
52% more funds holding in top 10
Funds holding in top 10: 25 → 38 (+13)
28% more capital invested
Capital invested by funds: $5.42B → $6.95B (+$1.53B)
12% more funds holding
Funds holding: 1,077 → 1,211 (+134)
0.71% less ownership
Funds ownership: 31.16% → 30.45% (-0.71%)
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
1,211 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in iShares Silver Trust (SLV) for Q3 2025, worth a combined $6.95B — up 28% from $5.42B 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 281 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $163M. The largest seller was UBS Group, cutting an estimated $363M.
- 1,211 institutional investors held iShares Silver Trust (SLV) as of Q3 2025, up from 1,077 in Q2 2025.
- Funds reported $6.95B 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.