Vault-13

ABRDN SILVER ETF TRUST SIVR

PHYSCL SILVR SHS · ETP · CUSIP 003264108

354 institutional holders -37 vs Q1 2026
16,594,80416.6m shares reported held*
$935.8mreported value*
28 new 112 added 119 reduced 63 sold out net sold ≈ $17.7m (-318.5k 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 ($9.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $56.39. Options: 9 managers hold calls ($85.5m notional), 7 hold puts ($37.1m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 130Q4 22: 148Q1 23: 151Q2 23: 157Q3 23: 158Q4 23: 158Q1 24: 162Q2 24: 191Q3 24: 196Q4 24: 209Q1 25: 211Q2 25: 236Q3 25: 277Q4 25: 367Q1 26: 391Q2 26: 354354Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022130
Q4 2022148
Q1 2023151
Q2 2023157
Q3 2023158
Q4 2023158
Q1 2024162
Q2 2024191
Q3 2024196
Q4 2024209
Q1 2025211
Q2 2025236
Q3 2025277
Q4 2025367
Q1 2026391
Q2 2026354

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 24: 96 bought or addedQ3 24: 64 cut or sold outQ4 24: 97 bought or addedQ4 24: 62 cut or sold outQ4 24Q1 25: 85 bought or addedQ1 25: 74 cut or sold outQ2 25: 120 bought or addedQ2 25: 68 cut or sold outQ2 25Q3 25: 151 bought or addedQ3 25: 74 cut or sold outQ4 25: 202 bought or addedQ4 25: 115 cut or sold outQ4 25Q1 26: 181 bought or addedQ1 26: 193 cut or sold outQ2 26: 140 bought or addedQ2 26: 182 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20249664
Q4 20249762
Q1 20258574
Q2 202512068
Q3 202515174
Q4 2025202115
Q1 2026181193
Q2 2026140182

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 25 calls: $15.5mQ3 25 puts: $4.0mQ3 25P/C 0.26Q4 25 calls: $56.7mQ4 25 puts: $66.5mQ4 25P/C 1.17Q1 26 calls: $139.0mQ1 26 puts: $92.7mQ1 26P/C 0.67Q2 26 calls: $85.5mQ2 26 puts: $37.1mQ2 26P/C 0.43
Numbers
QuarterCallsPutsP/C
Q3 2025$15.5m$4.0m0.26
Q4 2025$56.7m$66.5m1.17
Q1 2026$139.0m$92.7m0.67
Q2 2026$85.5m$37.1m0.43

Biggest buyers

Mirae Asset Global Investments Co., Ltd. New +130,522+130.5k
NewEdge Advisors, LLC Added +128,754+128.8k
Cambridge Investment Research Advisors, Inc. Added +126,275+126.3k
Quadrature Capital Ltd Added +87,618+87.6k
BANK OF AMERICA CORP /DE/ Added +68,906+68.9k
AMERIPRISE FINANCIAL INC Added +56,321+56.3k
Tradewinds Capital Management, LLC Added +55,556+55.6k
CITADEL ADVISORS LLC New +54,667+54.7k
HighTower Advisors, LLC Added +35,407+35.4k
OSAIC HOLDINGS, INC. Added +29,041+29.0k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -146,386-146.4k
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Reduced -139,475-139.5k
LPL Financial LLC Reduced -114,400-114.4k
Encompass More Asset Management Sold out -83,075-83.1k
Mission Creek Capital Partners, Inc. Reduced -66,744-66.7k
STIFEL FINANCIAL CORP Reduced -59,653-59.7k
Arcus Capital Partners, LLC Sold out -58,078-58.1k
Capital Management Associates, Inc Reduced -48,418-48.4k
Jump Financial, LLC Sold out -45,211-45.2k
Cardinal Strategic Wealth Guidance Sold out -36,094-36.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $25.7m457.6k shares
IMC-Chicago, LLC Added $14.8m264.0k shares
CITADEL ADVISORS LLC Reduced $14.0m248.8k shares
JANE STREET GROUP, LLC Reduced $12.8m227.7k shares
GROUP ONE TRADING LLC Reduced $10.8m191.8k shares
Kurv Investment Management LLC Reduced $3.5m4.8k shares
Tidal Investments LLC Added $1.8m31.6k shares
SIMPLEX TRADING, LLC Reduced $1.2m21.8k shares
ROYAL BANK OF CANADA New $843.0k15.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $10.5m187.0k shares
CITADEL ADVISORS LLC Reduced $9.9m175.8k shares
GROUP ONE TRADING LLC Reduced $5.9m105.5k shares
IMC-Chicago, LLC Reduced $5.6m100.0k shares
JANE STREET GROUP, LLC Reduced $3.7m66.5k shares
SIMPLEX TRADING, LLC Reduced $1.4m25.2k shares
BLUEDOOR PRIVATE WEALTH, LLC New $5.6k100 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 since 1 Apr 2026

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 since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,296,4451.3m $72.9m $72.9m 0.00% Added +68.9k +68,906
2 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.42% of their portfolio Madrid, U3 1,182,0001.2m $66.9m $66.9m 0.42% Reduced -139.5k -139,475
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,132,3651.1m $63.7m $63.7m 0.01% Reduced -114.4k -114,400
4 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 978,870978.9k $55.0m $55.0m 0.01% Added +493 +493
5 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 794,296794.3k $44.7m $44.7m 0.04% Reduced -146.4k -146,386
6 UBS Group AG 0.01% of their portfolio ZURICH, V8 667,659667.7k $37.5m $37.5m 0.01% Reduced -793 -793
7 Tradewinds Capital Management, LLC 5.59% of their portfolio BELLINGHAM, WA 559,479559.5k $31.5m $31.5m 5.59% Added +55.6k +55,556
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 501,926501.9k $28.2m $28.2m 0.00% Reduced -16.2k -16,174
9 AMG National Trust Bank 0.42% of their portfolio GREENWOOD VILLAGE, CO 365,641365.6k $20.6m $20.6m 0.42% Reduced -23.2k -23,223
10 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 308,360308.4k $17.3m $17.3m 0.00% Added +56.3k +56,321
11 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 306,497306.5k $17.2m $17.2m 0.02% Reduced -20.1k -20,094
12 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 289,887289.9k $16.3m $16.3m 0.05% Added +128.8k +128,754
13 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 269,762269.8k $15.2m $15.2m 0.02% Added +126.3k +126,275
14 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 253,753253.8k $14.3m $14.3m 0.02% Added +29.0k +29,041
15 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 228,066228.1k $12.8m $12.8m 0.01% Added +35.4k +35,407
16 Capital Management Associates, Inc 2.54% of their portfolio MINNEAPOLIS, MN 224,604224.6k $12.6m $12.6m 2.54% Reduced -48.4k -48,418
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 202,563202.6k $11.4m $11.4m 0.00% Added +4.9k +4,876
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 190,154190.2k $10.7m $10.7m 0.00% Added +1.6k +1,631
19 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 189,409189.4k $10.6m $10.6m 0.01% Reduced -33.5k -33,521
20 Mission Creek Capital Partners, Inc. 1.86% of their portfolio SAN FRANCISCO, CA 187,939187.9k $10.6m $10.6m 1.86% Reduced -66.7k -66,744
21 ELEVATION POINT WEALTH PARTNERS, LLC 0.18% of their portfolio DENVER, CO 169,801169.8k $9.5m $9.5m 0.18% Reduced -28.0k -28,035
22 Vestmark Advisory Solutions, Inc. 0.09% of their portfolio Wakefield, MA 168,074168.1k $9.4m $9.4m 0.09% Reduced -35.1k -35,150
23 World Investment Advisors 0.18% of their portfolio LINCROFT, NJ 156,787156.8k $11.1m $11.1m 0.18% Reduced -1.0k -1,015
24 180 WEALTH ADVISORS, LLC 0.87% of their portfolio FEDERAL WAY, WA 153,580153.6k $8.6m $8.6m 0.87% Reduced -2.5k -2,513
25 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 144,925144.9k $8.1m $8.1m 0.00% Added +15.0k +14,954
26 Kiker Wealth Management, LLC 3.16% of their portfolio JASPER, GA 144,275144.3k $8.1m $8.1m 3.16% Added +1.3k +1,340
27 Merit Financial Group, LLC 0.05% of their portfolio ALPHARETTA, GA 133,994134.0k $7.5m $7.5m 0.05% Reduced -9.4k -9,354
28 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 130,522130.5k $7.3m $7.3m 0.01% New
29 Golden State Wealth Management, LLC 0.62% of their portfolio SANTA ANA, CA 121,101121.1k $6.8m $6.8m 0.62% Reduced -325 -325
30 LaSalle St. Investment Advisors, LLC 0.81% of their portfolio ELMHURST, IL 117,368117.4k $6.6m $6.6m 0.81% Added +1.5k +1,524
31 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 115,980116.0k $6.4m $6.4m 0.00% Reduced -2.1k -2,096
32 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 104,352104.4k $5.9m $5.9m 0.01% Reduced -1.4k -1,380
33 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 95,81995.8k $5.4m $5.4m 0.00% Added +7.2k +7,224
34 Quadrature Capital Ltd 0.05% of their portfolio LONDON, X0 93,79693.8k $5.3m $5.3m 0.05% Added +87.6k +87,618
35 SEEDS INVESTOR LLC 0.54% of their portfolio NEW YORK, NY 93,00293.0k $5.2m $5.2m 0.54% Added +15.3k +15,317
36 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.22% of their portfolio CEDAR RAPIDS, IA 81,91981.9k $4.6m $4.6m 0.22% Added +12.0k +11,981
37 Avior Wealth Management, LLC 0.12% of their portfolio OMAHA, NE 78,31178.3k $4.4m $4.4m 0.12% Added +3.4k +3,424
38 Global Wealth Management, LLC 2.20% of their portfolio KINGSTON, NJ 76,70176.7k $4.3m $4.3m 2.20% Reduced -340 -340
39 BYRNE FINANCIAL FREEDOM, LLC 1.67% of their portfolio FRANKLIN, MA 76,27676.3k $4.3m $4.3m 1.67% Added +4.1k +4,092
40 Pettinga Financial Advisors LLC 0.68% of their portfolio EVANSVILLE, IN 75,43275.4k $4.2m $4.2m 0.68% Reduced -1.9k -1,875
41 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 74,94774.9k $4.2m $4.2m 0.01% Added +8.6k +8,637
42 Systelligence, LLC 0.68% of their portfolio BLOOMINGTON, MN 72,30472.3k $4.1m $4.1m 0.68% Added +16.9k +16,890
43 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 70,67270.7k $4.0m $4.0m 0.00% Added +4.1k +4,096
44 OneDigital Investment Advisors LLC 0.03% of their portfolio OVERLAND PARK, KS 67,05767.1k $3.8m $3.8m 0.03% Reduced -1.4k -1,383
45 Mariner, LLC 0.00% of their portfolio Overland Park, KS 65,07465.1k $3.7m $3.7m 0.00% Reduced -7.0k -6,986
46 Empowered Funds, LLC 0.02% of their portfolio NEWTOWN SQUARE, PA 63,15763.2k $3.6m $3.6m 0.02% Added +24.5k +24,491
47 Asset One Wealth Management LLC 0.35% of their portfolio BELLEVUE, WA 61,12961.1k $3.4m $3.4m 0.35% Added +7.5k +7,517
48 Simplicity Wealth,LLC 0.12% of their portfolio SUMMIT, NJ 60,81960.8k $3.4m $3.4m 0.12% Added +1.2k +1,195
49 AE Wealth Management LLC 0.02% of their portfolio TOPEKA, KS 60,35560.4k $3.4m $3.4m 0.02% Reduced -2.6k -2,621
50 Silver Coast Investments LLC 1.00% of their portfolio SAN DIEGO, X1 59,57959.6k $3.3m $3.3m 1.00% Added +8.5k +8,535
51 Richard C. Young & CO., LTD. 0.23% of their portfolio NEWPORT, RI 56,54656.5k $3.2m $3.2m 0.23% Reduced -1.4k -1,404
52 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 54,66754.7k $3.1m $3.1m 0.00% New
53 Stratos Wealth Partners, LTD. 0.03% of their portfolio BEACHWOOD, OH 53,63953.6k $3.0m $3.0m 0.03% Added +2.2k +2,214
54 IMC-Chicago, LLC 0.03% of their portfolio CHICAGO, IL 52,60952.6k $3.0m $3.0m 0.03% Added +28.6k +28,559
55 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 52,21052.2k $2.9m $2.9m 0.01% Reduced -13.6k -13,645
56 MYECFO, LLC 1.09% of their portfolio La Jolla, CA 51,42751.4k $2.9m $2.9m 1.09% Reduced -30 -30
57 WT Wealth Management 0.79% of their portfolio SCOTTSDALE, AZ 50,82750.8k $2.9m $2.9m 0.79% Reduced -1.2k -1,208
58 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 50,52050.5k $2.8m $2.8m 0.00% Reduced -234 -234
59 INTREPID FAMILY OFFICE LLC 2.59% of their portfolio SARASOTA, FL 50,00050.0k $2.8m $2.8m 2.59% Reduced -22.0k -22,000
60 Marble Harbor Investment Counsel, LLC 0.28% of their portfolio BOSTON, MA 48,34048.3k $2.7m $2.7m 0.28% Unchanged
61 PRINCIPAL SECURITIES, INC. 0.03% of their portfolio DES MOINES, IA 46,67446.7k $2.6m $2.6m 0.03% Reduced -87 -87
62 Apeiron RIA LLC 0.65% of their portfolio Dallas, TX 44,86044.9k $2.5m $2.5m 0.65% Reduced -11.2k -11,240
63 Wealth Watch Advisors, INC 0.76% of their portfolio ENGLEWOOD, CO 41,62441.6k $2.3m $2.3m 0.76% Reduced -7.4k -7,388
64 Sowell Financial Services LLC 0.08% of their portfolio NORTH LITTLE ROCK, AR 41,53941.5k $2.3m $2.3m 0.08% Added +1.1k +1,125
65 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 41,42141.4k $2.3m $2.3m 0.01% Reduced -369 -369
66 SMART Wealth LLC 0.49% of their portfolio Omaha, NE 40,59240.6k $2.3m $2.3m 0.49% Reduced -2.8k -2,767
67 SPROTT INC. 0.08% of their portfolio TORONTO, A6 40,45340.5k $2.3m $2.3m 0.08% Reduced -790 -790
68 FLP Wealth Management, LLC 4.02% of their portfolio BENTONVILLE, AR 40,21540.2k $2.3m $2.3m 4.02% Added +15.0k +15,016
69 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 38,93738.9k $2.2m $2.2m 0.01% Reduced -1.4k -1,383
70 Evelyn Partners Group Ltd 0.04% of their portfolio LONDON, X0 37,87537.9k $2.1m $2.1m 0.04% First filing
71 Fielder Capital Group LLC 0.46% of their portfolio NASHVILLE, TN 37,71537.7k $2.1m $2.1m 0.46% Reduced -136 -136
72 Prospera Financial Services Inc 0.03% of their portfolio Dallas, TX 36,97537.0k $2.1m $2.1m 0.03% Added +6.7k +6,710
73 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 36,01836.0k $2.0m $2.0m 0.01% Added +10.0k +9,995
74 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 35,75235.8k $2.0m $2.0m 0.00% Reduced -920 -920
75 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 35,72235.7k $2.0m $2.0m 0.00% Reduced -14.4k -14,382
76 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 35,36035.4k $2.0m $2.0m 0.02% Reduced -418 -418
77 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 34,27834.3k $1.9m $1.9m 0.00% Added +19.7k +19,745
78 Alpine Bank Wealth Management 0.25% of their portfolio GRAND JUNCTION, CO 34,00034.0k $1.9m $1.9m 0.25% Unchanged
79 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 33,51733.5k $1.9m $1.9m 0.01% Added +1.8k +1,804
80 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 33,27733.3k $1.9m $1.9m 0.01% Added +995 +995
81 Pinnacle Financial Partners, Inc. 0.01% of their portfolio ATLANTA, GA 33,27633.3k $1.9m $1.9m 0.01% Added +7.6k +7,600
82 Clearstead Advisors, LLC 0.02% of their portfolio CLEVELAND, OH 33,08833.1k $1.9m $1.9m 0.02% Reduced -437 -437
83 Virtu Financial LLC 0.06% of their portfolio New York, NY 32,12732.1k $1.8m $1.8m 0.06% Reduced -23.1k -23,084
84 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 31,70431.7k $1.8m $1.8m 0.00% Added +5.4k +5,404
85 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 31,64031.6k $1.8m $1.8m 0.00% Added +26.1k +26,062
86 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 31,58631.6k $1.8m $1.8m 0.00% Added +1.7k +1,714
87 Arta Finance Wealth Management LLC 0.74% of their portfolio MOUNTAIN VIEW, CA 30,58230.6k $1.7m $1.7m 0.74% Added +1.4k +1,396
88 Blue Capital, Inc. 1.08% of their portfolio OMAHA, NE 30,36830.4k $1.7m $1.7m 1.08% Added +5.1k +5,083
89 Copley Financial Group, Inc. 1.02% of their portfolio SAN DIEGO, CA 30,10030.1k $1.7m $1.7m 1.02% Added +10.6k +10,620
90 Belpointe Asset Management LLC 0.05% of their portfolio RENO, NV 28,28228.3k $1.6m $1.6m 0.05% Reduced -3 -3
91 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 27,53927.5k $1.6m $1.6m 0.00% Added +3.8k +3,804
92 Inspire Advisors, LLC 0.10% of their portfolio Meridian, ID 26,66626.7k $1.5m $1.5m 0.10% Added +3.9k +3,882
93 NewEdge Wealth, LLC 0.02% of their portfolio STAMFORD, CT 26,50026.5k $1.5m $1.5m 0.02% Unchanged
94 Acorn Wealth Advisors, LLC 0.36% of their portfolio Grand Blanc, MI 26,33926.3k $1.5m $1.5m 0.36% Reduced -120 -120
95 HARBOUR INVESTMENT MANAGEMENT LLC 0.75% of their portfolio EDMONDS, WA 26,00026.0k $1.5m $1.5m 0.75% Unchanged
96 Mutual Advisors, LLC 0.03% of their portfolio OMAHA, NE 25,95726.0k $1.5m $1.5m 0.03% Reduced -92 -92
97 GROUP ONE TRADING LLC 0.04% of their portfolio CHICAGO, IL 25,23225.2k $1.4m $1.4m 0.04% Reduced -18.4k -18,358
98 Nikulski Financial, Inc. 0.29% of their portfolio BETTENDORF, IA 24,14024.1k $1.4m $1.4m 0.29% Added +1.0k +1,010
99 SHEETS SMITH WEALTH MANAGEMENT 0.13% of their portfolio WINSTON-SALEM, NC 24,00024.0k $1.3m $1.3m 0.13% Reduced -3.0k -3,024
100 Tactive Advisors, LLC 0.32% of their portfolio Jacksonville, FL 23,39523.4k $1.3m $1.3m 0.32% Added +2.1k +2,140