Vault-13

ABRDN SILVER ETF TRUST SIVR

PHYSCL SILVR SHS · ETP · CUSIP 003264108

157 institutional holders +6 vs Q1 2023
10,978,55911.0m shares reported held*
$240.4mreported value*
20 new 47 added 37 reduced 15 sold out net bought ≈ $49.8m (+2.3m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $21.90. Options: 8 managers hold calls ($2.1m notional), 5 hold puts ($324.8k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 130Q4 22: 148Q1 23: 151Q2 23: 157157Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022130
Q4 2022148
Q1 2023151
Q2 2023157

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 59 bought or addedQ4 22: 56 cut or sold outQ4 22Q1 23: 54 bought or addedQ1 23: 62 cut or sold outQ1 23Q2 23: 67 bought or addedQ2 23: 52 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20225956
Q1 20235462
Q2 20236752

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6m$8mQ3 22 calls: $3.2mQ3 22 puts: $1.7mQ3 22P/C 0.52Q4 22 calls: $7.1mQ4 22 puts: $376.5kQ4 22P/C 0.05Q1 23 calls: $7.3mQ1 23 puts: $1.7mQ1 23P/C 0.24Q2 23 calls: $2.1mQ2 23 puts: $324.8kQ2 23P/C 0.15
Numbers
QuarterCallsPutsP/C
Q3 2022$3.2m$1.7m0.52
Q4 2022$7.1m$376.5k0.05
Q1 2023$7.3m$1.7m0.24
Q2 2023$2.1m$324.8k0.15

Biggest buyers

Tradewinds Capital Management, LLC Added +1,176,245+1.2m
JANE STREET GROUP, LLC Added +1,045,684+1.0m
BANK OF MONTREAL /CAN/ Added +326,066+326.1k
American Trust New +167,379+167.4k
LPL Financial LLC Added +107,624+107.6k
AMERIPRISE FINANCIAL INC Added +75,430+75.4k
OmniStar Financial Group, Inc. Added +31,971+32.0k
MORGAN STANLEY Added +31,944+31.9k
NORTHERN TRUST CORP New +30,163+30.2k
CITADEL ADVISORS LLC New +26,003+26.0k

Biggest sellers

Systelligence, LLC Reduced -161,001-161.0k
MILESTONE ASSET MANAGEMENT, LLC Sold out -133,928-133.9k
Synergy Asset Management, LLC Sold out -128,163-128.2k
Corient Private Wealth LP Reduced -105,162-105.2k
Kestra Advisory Services, LLC Reduced -67,306-67.3k
Empowered Funds, LLC Sold out -54,553-54.6k
New York Life Investment Management LLC Sold out -43,981-44.0k
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Reduced -36,534-36.5k
RENAISSANCE TECHNOLOGIES LLC Reduced -34,500-34.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -31,337-31.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.0m46.5k shares
WOLVERINE TRADING, LLC Reduced $441.5k20.4k shares
JANE STREET GROUP, LLC Reduced $260.0k11.9k shares
CITADEL ADVISORS LLC Reduced $209.8k9.6k shares
SIMPLEX TRADING, LLC Reduced $170.0k7.8k shares
GROUP ONE TRADING LLC Added $45.9k2.1k shares
Cutler Group LLC / CA Reduced $3.0k3.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $266.6k12.2k shares
CITADEL ADVISORS LLC Reduced $50.3k2.3k shares
SIMPLEX TRADING, LLC Reduced $8.0k400 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA Reduced $0100 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q2 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 1,349,9421.3m $29.5m $29.5m 0.04% Added +1.0m +1,045,684
2 Tradewinds Capital Management, LLC 8.01% of their portfolio BELLINGHAM, WA 1,177,0301.2m $25.7m $25.7m 8.01% Added +1.2m +1,176,245
3 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 777,216777.2k $17.0m $17.0m 0.03% Reduced -2.3k -2,262
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 573,759573.8k $12.5m $12.5m 0.00% Reduced -30.0k -29,988
5 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 526,911526.9k $11.5m $11.5m 0.00% Reduced -8.8k -8,821
6 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 447,864447.9k $9.8m $9.8m 0.01% Added +107.6k +107,624
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 417,161417.2k $9.1m $9.1m 0.00% Added +9.8k +9,766
8 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 412,826412.8k $9.6m $9.6m 0.00% Added +326.1k +326,066
9 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 382,537382.5k $8.4m $8.4m 0.04% Reduced -10.2k -10,169
10 Systelligence, LLC 2.48% of their portfolio BLOOMINGTON, MN 358,704358.7k $7.8m $7.8m 2.48% Reduced -161.0k -161,001
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 260,152260.2k $5.7m $5.7m 0.00% Added +31.9k +31,944
12 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.07% of their portfolio Madrid, U3 260,141260.1k $5.7m $5.7m 0.07% Reduced -36.5k -36,534
13 AMG National Trust Bank 0.19% of their portfolio GREENWOOD VILLAGE, CO 259,714259.7k $5.7m $5.7m 0.19% Added +14.7k +14,748
14 World Investment Advisors 0.97% of their portfolio LINCROFT, NJ 230,222230.2k $5.0m $5.0m 0.97% Added +7.3k +7,289
15 Gradient Investments LLC 0.12% of their portfolio ARDEN HILLS, MN 207,241207.2k $4.5m $4.5m 0.12% Added +12.7k +12,681
16 American Trust 0.24% of their portfolio LEXINGTON, KY 167,379167.4k $3.7m $3.7m 0.24% New
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 162,716162.7k $3.6m $3.6m 0.00% Added +75.4k +75,430
18 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 158,534158.5k $3.5m $3.5m 0.00% Added +1.6k +1,608
19 OmniStar Financial Group, Inc. 3.94% of their portfolio Wilmington, NC 153,289153.3k $3.3m $3.3m 3.94% Added +32.0k +31,971
20 Pettinga Financial Advisors LLC 0.91% of their portfolio EVANSVILLE, IN 140,070140.1k $3.1m $3.1m 0.91% Reduced -13.2k -13,175
21 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 125,663125.7k $2.7m $2.7m 0.00% Added +71 +71
22 180 WEALTH ADVISORS, LLC 0.58% of their portfolio FEDERAL WAY, WA 119,393119.4k $2.6m $2.6m 0.58% Added +298 +298
23 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 118,671118.7k $2.6m $2.6m 0.01% Added +2.5k +2,483
24 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 100,344100.3k $2.2m $2.2m 0.02% Reduced -67.3k -67,306
25 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 96,13396.1k $2.1m $2.1m 0.00% Added +2.3k +2,323
26 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 85,11685.1k $1.9m $1.9m 0.00% Added +1.3k +1,297
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 79,85779.9k $1.7m $1.7m 0.00% Reduced -17.1k -17,068
28 Richard C. Young & CO., LTD. 0.23% of their portfolio NEWPORT, RI 77,20177.2k $1.7m $1.7m 0.23% Reduced -2.1k -2,093
29 BOS Asset Management, LLC 1.20% of their portfolio SPRINGFIELD, IL 70,48370.5k $1.5m $1.5m 1.20% Reduced -3.0k -3,017
30 Marble Harbor Investment Counsel, LLC 0.17% of their portfolio BOSTON, MA 62,60062.6k $1.4m $1.4m 0.17% Added +6.3k +6,300
31 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 62,15162.2k $1.4m $1.4m 0.00% Reduced -5.2k -5,165
32 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 55,30055.3k $1.2m $1.2m 0.00% Reduced -34.5k -34,500
33 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 53,54353.5k $1.2m $1.2m 0.01% Added +6.3k +6,285
34 Apeiron RIA LLC 0.39% of their portfolio Dallas, TX 52,74552.7k $1.2m $1.2m 0.39% Added +4.6k +4,553
35 Worth Asset Management, LLC 0.83% of their portfolio DALLAS, TX 50,01150.0k $1.1m $1.1m 0.83% Reduced -6.9k -6,912
36 MYECFO, LLC 0.79% of their portfolio La Jolla, CA 49,66549.7k $1.1m $1.1m 0.79% Added +7.6k +7,610
37 LEO BROKERAGE, LLC 0.12% of their portfolio HURST, TX 48,15048.1k $1.1m $1.1m 0.12% Reduced -180 -180
38 Mission Creek Capital Partners, Inc. 0.32% of their portfolio SAN FRANCISCO, CA 44,73144.7k $977.4k $977.4k 0.32% Reduced -1.8k -1,795
39 Legacy Wealth Asset Management, LLC 0.29% of their portfolio WOODBURY, MN 38,31538.3k $837.2k $837.2k 0.29% Reduced -889 -889
40 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 35,02335.0k $765.3k $765.3k 0.01% Added +1.1k +1,090
41 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 32,20032.2k $703.6k $703.6k 0.01% Unchanged
42 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 30,16330.2k $659.1k $659.1k 0.00% New
43 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 28,34928.3k $619.4k $619.4k 0.00% Unchanged
44 LAFFER TENGLER INVESTMENTS, INC. 0.16% of their portfolio Scottsdale, AZ 27,77027.8k $606.8k $606.8k 0.16% Reduced -5.9k -5,879
45 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 27,12227.1k $592.6k $592.6k 0.00% Reduced -4.0k -4,004
46 Cyndeo Wealth Partners, LLC 0.06% of their portfolio ST. PETERSBURG, FL 26,47026.5k $578.4k $578.4k 0.06% Added +268 +268
47 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 26,02226.0k $568.6k $568.6k 0.00% Reduced -13.7k -13,684
48 SYNOVUS FINANCIAL CORP 0.01% of their portfolio Columbus, GA 26,00726.0k $568.3k $568.3k 0.01% Reduced -5.3k -5,314
49 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 26,00326.0k $568.2k $568.2k 0.00% New
50 HARBOUR INVESTMENT MANAGEMENT LLC 0.30% of their portfolio EDMONDS, WA 26,00026.0k $568.1k $568.1k 0.30% Unchanged
51 GUIDANCE CAPITAL, INC 0.24% of their portfolio LOUSVILLE, KY 25,60925.6k $557.0k $557.0k 0.24% First filing
52 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 24,92824.9k $545.0k $545.0k 0.02% New
53 IFG Advisory, LLC 0.05% of their portfolio ATLANTA, GA 24,87524.9k $543.5k $543.5k 0.05% Reduced -285 -285
54 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 24,56124.6k $536.7k $536.7k 0.01% Added +1.1k +1,140
55 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 24,55524.6k $536.5k $536.5k 0.00% Added +48 +48
56 Retirement Group, LLC 0.22% of their portfolio SAN DIEGO, CA 24,31024.3k $531.2k $531.2k 0.22% Reduced -187 -187
57 Acorn Wealth Advisors, LLC 0.35% of their portfolio Grand Blanc, MI 23,62923.6k $516.3k $516.3k 0.35% Added +947 +947
58 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 23,54923.5k $514.5k $514.5k 0.01% Reduced -909 -909
59 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 23,54923.5k $514.5k $514.5k 0.01% Reduced -909 -909
60 WT Wealth Management 0.21% of their portfolio SCOTTSDALE, AZ 23,21523.2k $507.2k $507.2k 0.21% New
61 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 22,60022.6k $493.8k $493.8k 0.00% Unchanged
62 Summit Trail Advisors, LLC 0.02% of their portfolio NEW YORK, NY 22,18322.2k $484.7k $484.7k 0.02% Unchanged
63 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 21,37921.4k $467.0k $467.0k 0.00% New
64 SHEETS SMITH WEALTH MANAGEMENT 0.07% of their portfolio WINSTON-SALEM, NC 20,72620.7k $452.9k $452.9k 0.07% New
65 Bristlecone Advisors, LLC 0.04% of their portfolio BELLEVUE, WA 19,86919.9k $434.1k $434.1k 0.04% Unchanged
66 INDEPENDENT FINANCIAL GROUP, LLC 0.03% of their portfolio SAN DIEGO, CA 19,84219.8k $433.5k $433.5k 0.03% Added +5.6k +5,635
67 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 19,25319.3k $420.7k $420.7k 0.00% Added +8.0k +7,965
68 Lumature Wealth Partners, LLC 0.24% of their portfolio ALPHARETTA, GA 18,83618.8k $411.6k $411.6k 0.24% Reduced -22 -22
69 BUCKINGHAM STRATEGIC WEALTH, LLC 0.01% of their portfolio CLAYTON, MO 18,50018.5k $404.2k $404.2k 0.01% Unchanged
70 Betterment LLC 0.00% of their portfolio NEW YORK, NY 17,81917.8k $389.0k $389.0k 0.00% New
71 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 15,37515.4k $335.9k $335.9k 0.00% Unchanged
72 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 15,36715.4k $332.5k $332.5k 0.00% Added +1.2k +1,172
73 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 15,15415.2k $331.1k $331.1k 0.01% New
74 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 15,00015.0k $327.8k $327.8k 0.00% Reduced -105.2k -105,162
75 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 14,98215.0k $327.4k $327.4k 0.01% New
76 SPROTT INC. 0.03% of their portfolio TORONTO, A6 14,76314.8k $322.6k $322.6k 0.03% New
77 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 14,66314.7k $320.4k $320.4k 0.01% Unchanged
78 Jacobsen Capital Management 0.16% of their portfolio SALT LAKE CITY, UT 14,24414.2k $311.2k $311.2k 0.16% Unchanged
79 Security National Bank 0.08% of their portfolio OMAHA, NE 13,50013.5k $295.0k $295.0k 0.08% Unchanged
80 Freedom Investment Management, Inc. 0.03% of their portfolio SOUTH WINDSOR, CT 13,49113.5k $294.8k $294.8k 0.03% Reduced -1.4k -1,449
81 Cetera Advisors LLC 0.00% of their portfolio DENVER, CO 13,46613.5k $294.2k $294.2k 0.00% Added +226 +226
82 Texas Yale Capital Corp. 0.01% of their portfolio ST. PETERSBURG, FL 13,04513.0k $285.0k $285.0k 0.01% Unchanged
83 Cutler Group LLC / CA 0.07% of their portfolio SAN FRANCISCO, CA 12,65612.7k $276.0k $276.0k 0.07% New
84 VICUS CAPITAL 0.03% of their portfolio STATE COLLEGE, PA 12,24312.2k $267.5k $267.5k 0.03% Added +1.2k +1,223
85 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 12,05512.1k $263.4k $263.4k 0.00% Added +849 +849
86 SMART Wealth LLC 0.20% of their portfolio Omaha, NE 11,95412.0k $261.2k $261.2k 0.20% Added +1.1k +1,121
87 Mariner, LLC 0.00% of their portfolio Overland Park, KS 11,67611.7k $255.1k $255.1k 0.00% Reduced -2.3k -2,330
88 TBH Global Asset Management, LLC 0.05% of their portfolio Brentwood, TN 11,45511.5k $250.3k $250.3k 0.05% Unchanged
89 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 11,29611.3k $246.0k $246.0k 0.00% Added +1.9k +1,851
90 COLONY GROUP LLC 0.00% of their portfolio Boston, MA 10,26410.3k $224.0k $224.0k 0.00% New
91 Private Portfolio Partners LLC 0.06% of their portfolio PARAMUS, NJ 10,09310.1k $220.5k $220.5k 0.06% Added +133 +133
92 BDO Wealth Advisors, LLC 0.02% of their portfolio JACKSONVILLE, FL 9,8709.9k $215.7k $215.7k 0.02% Unchanged
93 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 9,5799.6k $209.3k $209.3k 0.00% Reduced -5.9k -5,867
94 Clearstead Advisors, LLC 0.01% of their portfolio CLEVELAND, OH 9,4489.4k $206.4k $206.4k 0.01% Unchanged
95 BSW Wealth Partners 0.04% of their portfolio BOULDER, CO 9,4129.4k $205.7k $205.7k 0.04% Reduced -392 -392
96 Transform Wealth, LLC 0.02% of their portfolio GREENWOOD VILLAGE, CO 9,3229.3k $203.7k $203.7k 0.02% Unchanged
97 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 9,2379.2k $201.8k $201.8k 0.01% Added +6.9k +6,925
98 WASHINGTON TRUST Co 0.01% of their portfolio WESTERLY, RI 5,7505.8k $125.6k $125.6k 0.01% Added +3.5k +3,500
99 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.03% of their portfolio BLUE BELL, PA 5,1805.2k $113.2k $113.2k 0.03% Unchanged
100 AlphaMark Advisors, LLC 0.05% of their portfolio FT. WRIGHT, KY 4,8304.8k $106.0k $106.0k 0.05% Reduced -50 -50