Vault-13

ABRDN SILVER ETF TRUST SIVR

PHYSCL SILVR SHS · ETP · CUSIP 003264108

162 institutional holders +4 vs Q4 2023
10,978,44411.0m shares reported held*
$261.2mreported value*
24 new 44 added 41 reduced 20 sold out net bought ≈ $43.4m (+1.8m 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 ($277.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.80. Options: 7 managers hold calls ($7.5m notional), 6 hold puts ($980.3k).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 130Q4 22: 148Q1 23: 151Q2 23: 157Q3 23: 158Q4 23: 158Q1 24: 162162Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022130
Q4 2022148
Q1 2023151
Q2 2023157
Q3 2023158
Q4 2023158
Q1 2024162

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 23Q3 23: 68 bought or addedQ3 23: 52 cut or sold outQ3 23Q4 23: 49 bought or addedQ4 23: 68 cut or sold outQ4 23Q1 24: 68 bought or addedQ1 24: 61 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20225956
Q1 20235462
Q2 20236752
Q3 20236852
Q4 20234968
Q1 20246861

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ2 23 calls: $2.1mQ2 23 puts: $324.8kQ2 23P/C 0.15Q3 23 calls: $4.0mQ3 23 puts: $456.7kQ3 23P/C 0.11Q4 23 calls: $4.6mQ4 23 puts: $706.3kQ4 23P/C 0.15Q1 24 calls: $7.5mQ1 24 puts: $980.3kQ1 24P/C 0.13
Numbers
QuarterCallsPutsP/C
Q2 2023$2.1m$324.8k0.15
Q3 2023$4.0m$456.7k0.11
Q4 2023$4.6m$706.3k0.15
Q1 2024$7.5m$980.3k0.13

Biggest buyers

JANE STREET GROUP, LLC Added +387,195+387.2k
MORGAN STANLEY Added +356,210+356.2k
BENJAMIN F. EDWARDS & COMPANY, INC. Added +340,923+340.9k
STIFEL FINANCIAL CORP New +305,588+305.6k
Virtu Financial LLC New +253,244+253.2k
Capital Management Associates, Inc Added +115,461+115.5k
CONFLUENCE INVESTMENT MANAGEMENT LLC New +100,782+100.8k
Merit Financial Group, LLC New +93,563+93.6k
Cetera Investment Advisers Added +78,274+78.3k
CITADEL ADVISORS LLC Added +63,204+63.2k

Biggest sellers

Cambridge Investment Research Advisors, Inc. Reduced -103,340-103.3k
RENAISSANCE TECHNOLOGIES LLC Reduced -96,200-96.2k
OmniStar Financial Group, Inc. Reduced -80,205-80.2k
WELLS FARGO & COMPANY/MN Reduced -76,381-76.4k
Cetera Advisor Networks LLC Sold out -69,016-69.0k
AE Wealth Management LLC Sold out -59,221-59.2k
UBS Group AG Reduced -31,057-31.1k
NORTHERN TRUST CORP Sold out -30,550-30.6k
Balanced Rock Investment Advisors LLC Sold out -20,940-20.9k
Advisory Services Network, LLC Sold out -19,533-19.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.3m95.8k shares
GROUP ONE TRADING LLC Added $1.9m79.3k shares
SIMPLEX TRADING, LLC Added $1.5m61.4k shares
JANE STREET GROUP, LLC Added $1.3m56.4k shares
CITADEL ADVISORS LLC Added $514.3k21.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA Reduced $0100 shares

Biggest puts

CITADEL ADVISORS LLC Added $552.4k23.2k shares
JANE STREET GROUP, LLC Reduced $228.6k9.6k shares
SIMPLEX TRADING, LLC Added $197.0k8.3k shares
GROUP ONE TRADING LLC Reduced $2.4k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA Reduced $01.0k 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 Q1 2024

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 Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 933,672933.7k $22.2m $22.2m 0.00% Added +356.2k +356,210
2 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 749,762749.8k $17.8m $17.8m 0.03% Reduced -4.1k -4,056
3 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 694,346694.3k $16.5m $16.5m 0.02% Added +387.2k +387,195
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 623,656623.7k $14.8m $14.8m 0.00% Added +9.5k +9,457
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 549,288549.3k $13.1m $13.1m 0.01% Reduced -8.6k -8,605
6 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 425,562425.6k $10.1m $10.1m 0.00% Reduced -76.4k -76,381
7 Systelligence, LLC 2.28% of their portfolio BLOOMINGTON, MN 366,909366.9k $8.7m $8.7m 2.28% Added +8.6k +8,566
8 BENJAMIN F. EDWARDS & COMPANY, INC. 0.15% of their portfolio ST. LOUIS, MO 341,218341.2k $8.1m $8.1m 0.15% Added +340.9k +340,923
9 Capital Management Associates, Inc 5.55% of their portfolio MINNEAPOLIS, MN 316,567316.6k $7.5m $7.5m 5.55% Added +115.5k +115,461
10 AMG National Trust Bank 0.22% of their portfolio GREENWOOD VILLAGE, CO 311,836311.8k $7.4m $7.4m 0.22% Added +21.4k +21,425
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 311,648311.6k $7.4m $7.4m 0.00% Reduced -31.1k -31,057
12 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 305,588305.6k $7.3m $7.3m 0.01% New
13 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.08% of their portfolio Madrid, U3 294,501294.5k $7.0m $7.0m 0.08% Added +24.0k +23,994
14 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 258,563258.6k $6.2m $6.2m 0.02% Reduced -103.3k -103,340
15 Virtu Financial LLC 0.46% of their portfolio New York, NY 253,244253.2k $6.0m $6.0m 0.46% New
16 World Investment Advisors 0.81% of their portfolio LINCROFT, NJ 238,069238.1k $5.7m $5.7m 0.81% Reduced -4.9k -4,852
17 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 215,277215.3k $5.1m $5.1m 0.01% Added +1.5k +1,539
18 Gradient Investments LLC 0.10% of their portfolio ARDEN HILLS, MN 178,108178.1k $4.2m $4.2m 0.10% Reduced -7.9k -7,891
19 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 174,734174.7k $4.2m $4.2m 0.00% Added +62.4k +62,386
20 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 151,641151.6k $3.6m $3.6m 0.01% Added +16.9k +16,941
21 Pettinga Financial Advisors LLC 0.86% of their portfolio EVANSVILLE, IN 142,570142.6k $3.4m $3.4m 0.86% Reduced -850 -850
22 180 WEALTH ADVISORS, LLC 0.58% of their portfolio FEDERAL WAY, WA 134,424134.4k $3.2m $3.2m 0.58% Added +7.4k +7,399
23 Silver Coast Investments LLC 1.19% of their portfolio SAN DIEGO, X1 122,633122.6k $2.9m $2.9m 1.19% Added +6.4k +6,432
24 Fielder Capital Group LLC 1.28% of their portfolio NASHVILLE, TN 120,438120.4k $2.9m $2.9m 1.28% Added +58.3k +58,301
25 OmniStar Financial Group, Inc. 2.62% of their portfolio Wilmington, NC 120,293120.3k $2.9m $2.9m 2.62% Reduced -80.2k -80,205
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 112,188112.2k $2.7m $2.7m 0.00% Added +11.0k +11,004
27 Avior Wealth Management, LLC 0.12% of their portfolio OMAHA, NE 112,047112.0k $2.7m $2.7m 0.12% Added +28.3k +28,323
28 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ST. LOUIS, MO 100,782100.8k $2.4m $2.4m 0.03% New
29 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 98,42298.4k $2.3m $2.3m 0.00% Reduced -4.8k -4,837
30 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 97,38597.4k $2.3m $2.3m 0.01% Added +78.3k +78,274
31 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 96,51496.5k $2.3m $2.3m 0.00% Added +1.3k +1,335
32 Merit Financial Group, LLC 0.06% of their portfolio ALPHARETTA, GA 93,56393.6k $2.4m $2.4m 0.06% New
33 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 83,86283.9k $2.0m $2.0m 0.00% Reduced -8.5k -8,548
34 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 71,87571.9k $1.7m $1.7m 0.00% Unchanged
35 Richard C. Young & CO., LTD. 0.21% of their portfolio NEWPORT, RI 69,78369.8k $1.7m $1.7m 0.21% Reduced -3.3k -3,299
36 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 63,58863.6k $1.5m $1.5m 0.00% Added +63.2k +63,204
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 63,35763.4k $1.5m $1.5m 0.00% Reduced -11.0k -10,970
38 Marble Harbor Investment Counsel, LLC 0.17% of their portfolio BOSTON, MA 62,80062.8k $1.5m $1.5m 0.17% Unchanged
39 Foundations Investment Advisors, LLC 0.04% of their portfolio PHOENIX, AZ 62,17762.2k $1.5m $1.5m 0.04% Added +13.5k +13,487
40 Apeiron RIA LLC 0.43% of their portfolio Dallas, TX 62,09162.1k $1.5m $1.5m 0.43% Added +5.8k +5,760
41 MYECFO, LLC 0.83% of their portfolio La Jolla, CA 58,25458.3k $1.4m $1.4m 0.83% Added +5.1k +5,069
42 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 48,23048.2k $1.1m $1.1m 0.00% Reduced -664 -664
43 Sowell Financial Services LLC 0.05% of their portfolio NORTH LITTLE ROCK, AR 46,42646.4k $1.1m $1.1m 0.05% New
44 Mission Creek Capital Partners, Inc. 0.27% of their portfolio SAN FRANCISCO, CA 43,81843.8k $1.0m $1.0m 0.27% Reduced -1.7k -1,705
45 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 42,27942.3k $1.0m $1.0m 0.01% Reduced -2.4k -2,380
46 Leo Wealth, LLC 0.08% of their portfolio HURST, TX 33,83233.8k $805.6k $805.6k 0.08% Reduced -17.3k -17,295
47 FLOW TRADERS U.S. LLC 0.04% of their portfolio NEW YORK, NY 31,08331.1k $740.0k $740.0k 0.04% Added +4.6k +4,581
48 Custom Portfolio Group LLC 0.58% of their portfolio ENGLEWOOD, CO 29,86829.9k $703.4k $703.4k 0.58% Reduced -355 -355
49 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 29,01429.0k $690.8k $690.8k 0.00% Unchanged
50 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 28,20028.2k $671.4k $671.4k 0.01% Reduced -2.5k -2,500
51 IFG Advisory, LLC 0.05% of their portfolio ATLANTA, GA 27,58027.6k $656.7k $656.7k 0.05% Added +1.3k +1,280
52 Legacy Wealth Asset Management, LLC 0.18% of their portfolio WOODBURY, MN 27,55127.6k $656.0k $656.0k 0.18% Reduced -5.8k -5,780
53 Security National Bank 0.09% of their portfolio OMAHA, NE 26,14126.1k $622.4k $622.4k 0.09% Unchanged
54 &PARTNERS 0.09% of their portfolio NASHVILLE, TN 26,09526.1k $621.3k $621.3k 0.09% New
55 HARBOUR INVESTMENT MANAGEMENT LLC 0.29% of their portfolio EDMONDS, WA 26,00026.0k $619.1k $619.1k 0.29% Unchanged
56 SYNOVUS FINANCIAL CORP 0.01% of their portfolio Columbus, GA 25,92625.9k $617.3k $617.3k 0.01% Reduced -81 -81
57 SHEETS SMITH WEALTH MANAGEMENT 0.07% of their portfolio WINSTON-SALEM, NC 25,72625.7k $612.5k $612.5k 0.07% Added +4.0k +4,000
58 WT Wealth Management 0.22% of their portfolio SCOTTSDALE, AZ 25,30025.3k $602.4k $602.4k 0.22% Added +7.0k +6,997
59 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 25,26125.3k $601.5k $601.5k 0.01% Unchanged
60 Acorn Wealth Advisors, LLC 0.30% of their portfolio Grand Blanc, MI 24,40724.4k $581.1k $581.1k 0.30% Reduced -245 -245
61 Retirement Group, LLC 0.21% of their portfolio SAN DIEGO, CA 24,11024.1k $574.1k $574.1k 0.21% Reduced -200 -200
62 Inspire Advisors, LLC 0.07% of their portfolio Meridian, ID 22,65822.7k $539.5k $539.5k 0.07% Added +1.8k +1,834
63 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 22,60022.6k $538.1k $538.1k 0.00% Unchanged
64 Summit Trail Advisors, LLC 0.01% of their portfolio NEW YORK, NY 22,18322.2k $528.2k $528.2k 0.01% Unchanged
65 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 20,91720.9k $498.0k $498.0k 0.01% Added +1.9k +1,916
66 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 20,91720.9k $498.0k $498.0k 0.01% Added +1.9k +1,916
67 Betterment LLC 0.00% of their portfolio NEW YORK, NY 20,11720.1k $479.0k $479.0k 0.00% Added +670 +670
68 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 20,02820.0k $476.9k $476.9k 0.00% Reduced -622 -622
69 BOS Asset Management, LLC 0.25% of their portfolio SPRINGFIELD, IL 19,93319.9k $474.6k $474.6k 0.25% Reduced -11.5k -11,500
70 Bristlecone Advisors, LLC 0.04% of their portfolio BELLEVUE, WA 19,86919.9k $473.1k $473.1k 0.04% Unchanged
71 Transamerica Financial Advisors, LLC 0.05% of their portfolio CEDAR RAPIDS, IA 19,83819.8k $473.0k $473.0k 0.05% New
72 City Center Advisors, LLC 0.55% of their portfolio TROY, MI 19,72619.7k $469.7k $469.7k 0.55% First filing
73 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 19,49919.5k $464.3k $464.3k 0.00% Added +3.0k +2,961
74 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 18,86818.9k $449.2k $449.2k 0.01% Added +1.5k +1,517
75 BUCKINGHAM STRATEGIC WEALTH, LLC 0.00% of their portfolio CLAYTON, MO 18,50018.5k $440.5k $440.5k 0.00% Unchanged
76 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 18,39318.4k $437.9k $437.9k 0.00% Unchanged
77 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 17,78817.8k $423.5k $423.5k 0.00% Reduced -749 -749
78 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 15,11515.1k $359.9k $359.9k 0.01% Reduced -125 -125
79 DENVER WEALTH MANAGEMENT, INC. 0.18% of their portfolio DENVER, CO 15,06115.1k $358.6k $358.6k 0.18% New
80 Global Assets Advisory, LLC 0.02% of their portfolio ORLANDO, FL 14,94414.9k $625 $625 0.02% New
81 SPROTT INC. 0.03% of their portfolio TORONTO, A6 14,76314.8k $351.5k $351.5k 0.03% Unchanged
82 Jacobsen Capital Management 0.16% of their portfolio SALT LAKE CITY, UT 14,24414.2k $339.1k $339.1k 0.16% Unchanged
83 TWO SIGMA SECURITIES, LLC 0.02% of their portfolio NEW YORK, NY 13,46313.5k $320.6k $320.6k 0.02% New
84 VICUS CAPITAL 0.03% of their portfolio STATE COLLEGE, PA 12,98613.0k $309.2k $309.2k 0.03% Added +230 +230
85 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 12,92612.9k $307.8k $307.8k 0.00% New
86 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 12,69412.7k $302.2k $302.2k 0.01% Reduced -556 -556
87 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 11,76311.8k $280.1k $280.1k 0.00% Added +98 +98
88 BENJAMIN EDWARDS INC 0.06% of their portfolio Clayton, MO 11,64311.6k $277.0k $277.0k 0.06% New
89 Empower Advisory Group, LLC 0.00% of their portfolio Greenwood Village, CO 11,50011.5k $273.8k $273.8k 0.00% New
90 TBH Global Asset Management, LLC 0.05% of their portfolio Brentwood, TN 11,45511.5k $272.7k $272.7k 0.05% Unchanged
91 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 10,66310.7k $253.9k $253.9k 0.01% Added +1.6k +1,578
92 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 10,47710.5k $249.5k $249.5k 0.00% Added +3.2k +3,243
93 CHOREO, LLC 0.01% of their portfolio ROCKFORD, IL 10,45110.5k $248.8k $248.8k 0.01% Unchanged
94 Cyndeo Wealth Partners, LLC 0.02% of their portfolio ST. PETERSBURG, FL 10,27710.3k $244.7k $244.7k 0.02% Reduced -16.8k -16,805
95 Private Portfolio Partners LLC 0.05% of their portfolio PARAMUS, NJ 10,09310.1k $240.3k $240.3k 0.05% Unchanged
96 National Philanthropic Trust 0.01% of their portfolio Jenkintown, PA 9,8639.9k $234.8k $234.8k 0.01% Unchanged
97 Visionary Wealth Advisors 0.02% of their portfolio O'FALLON, IL 9,4619.5k $225.3k $225.3k 0.02% New
98 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 9,4519.5k $225.0k $225.0k 0.01% Reduced -1.2k -1,155
99 Clearstead Advisors, LLC 0.01% of their portfolio CLEVELAND, OH 9,4489.4k $255.3k $255.3k 0.01% Unchanged
100 BSW Wealth Partners 0.04% of their portfolio BOULDER, CO 9,4129.4k $224.1k $224.1k 0.04% Unchanged