Vault-13

GLOBAL X FDS SIL

GLOBAL X SILVER · ETP · CUSIP 37954Y848

319 institutional holders -11 vs Q1 2026
14,967,76715.0m shares reported held*
$1.2bnreported value*
39 new 106 added 93 reduced 50 sold out net sold ≈ $75.0m (-965.0k 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 ($7.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $77.28. Options: 15 managers hold calls ($241.0m notional), 11 hold puts ($210.4m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 130Q4 22: 145Q1 23: 138Q2 23: 140Q3 23: 139Q4 23: 152Q1 24: 145Q2 24: 166Q3 24: 153Q4 24: 175Q1 25: 184Q2 25: 205Q3 25: 266Q4 25: 316Q1 26: 330Q2 26: 319319Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022130
Q4 2022145
Q1 2023138
Q2 2023140
Q3 2023139
Q4 2023152
Q1 2024145
Q2 2024166
Q3 2024153
Q4 2024175
Q1 2025184
Q2 2025205
Q3 2025266
Q4 2025316
Q1 2026330
Q2 2026319

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 60 bought or addedQ3 24: 74 cut or sold outQ4 24: 91 bought or addedQ4 24: 47 cut or sold outQ4 24Q1 25: 107 bought or addedQ1 25: 65 cut or sold outQ2 25: 104 bought or addedQ2 25: 70 cut or sold outQ2 25Q3 25: 175 bought or addedQ3 25: 68 cut or sold outQ4 25: 173 bought or addedQ4 25: 111 cut or sold outQ4 25Q1 26: 182 bought or addedQ1 26: 156 cut or sold outQ2 26: 145 bought or addedQ2 26: 143 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20246074
Q4 20249147
Q1 202510765
Q2 202510470
Q3 202517568
Q4 2025173111
Q1 2026182156
Q2 2026145143

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ3 25 calls: $202.9mQ3 25 puts: $70.2mQ3 25P/C 0.35Q4 25 calls: $114.3mQ4 25 puts: $111.1mQ4 25P/C 0.97Q1 26 calls: $369.0mQ1 26 puts: $252.9mQ1 26P/C 0.69Q2 26 calls: $241.0mQ2 26 puts: $210.4mQ2 26P/C 0.87
Numbers
QuarterCallsPutsP/C
Q3 2025$202.9m$70.2m0.35
Q4 2025$114.3m$111.1m0.97
Q1 2026$369.0m$252.9m0.69
Q2 2026$241.0m$210.4m0.87

Biggest buyers

Quadrature Capital Ltd New +716,679+716.7k
D. E. Shaw & Co., Inc. New +402,290+402.3k
JPMORGAN CHASE & CO Added +203,989+204.0k
Balyasny Asset Management L.P. New +145,268+145.3k
AE Wealth Management LLC Added +141,519+141.5k
CITADEL ADVISORS LLC Added +137,345+137.3k
TWO SIGMA INVESTMENTS, LP Added +129,400+129.4k
POTOMAC FUND MANAGEMENT INC /ADV Added +126,200+126.2k
AVALON CAPITAL MANAGEMENT Added +79,781+79.8k
CI INVESTMENTS INC. Added +60,430+60.4k

Biggest sellers

BANK OF NOVA SCOTIA Sold out -1,203,736-1.2m
MORGAN STANLEY Reduced -411,514-411.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -298,412-298.4k
Point72 Asset Management, L.P. Reduced -193,419-193.4k
BNP PARIBAS FINANCIAL MARKETS Reduced -189,263-189.3k
GOLDMAN SACHS GROUP INC Reduced -178,216-178.2k
STIFEL FINANCIAL CORP Reduced -146,926-146.9k
UBS Group AG Reduced -127,835-127.8k
MEITAV INVESTMENT HOUSE LTD Reduced -125,000-125.0k
LPL Financial LLC Reduced -108,195-108.2k

Biggest calls

CITADEL ADVISORS LLC Reduced $84.7m1.1m shares
JANE STREET GROUP, LLC Reduced $62.1m801.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $60.1m775.7k shares
Walleye Trading LLC Added $11.8m151.7k shares
Point72 Asset Management, L.P. Reduced $8.1m105.2k shares
Kurv Investment Management LLC New $4.7m12.5k shares
Kestra Advisory Services, LLC New $4.3m55.0k shares
GOLDMAN SACHS GROUP INC Reduced $1.5m18.9k shares
CAPITAL FUND MANAGEMENT S.A. Added $1.5m18.8k shares
Vontobel Holding Ltd. New $1.0m13.0k shares

Biggest puts

JANE STREET GROUP, LLC Added $98.4m1.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $47.6m614.2k shares
CITADEL ADVISORS LLC Reduced $30.9m398.3k shares
Point72 Asset Management, L.P. Reduced $10.4m134.7k shares
Belvedere Trading LLC Added $8.8m114.1k shares
Walleye Trading LLC Added $6.3m81.6k shares
CITIGROUP INC Unchanged $3.9m50.0k shares
CAPITAL FUND MANAGEMENT S.A. Added $1.4m18.3k shares
SIG BROKERAGE, LP Added $1.2m16.0k shares
MILLENNIUM MANAGEMENT LLC New $1.2m15.9k 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.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,435,3701.4m $111.2m $111.2m 0.01% Reduced -411.5k -411,514
2 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 948,174948.2k $73.4m $73.4m 0.02% Reduced -108.2k -108,195
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio BALA CYNWYD, PA 944,576944.6k $73.2m $73.2m 0.06% Reduced -298.4k -298,412
4 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 848,700848.7k $65.7m $65.7m 0.05% Added +129.4k +129,400
5 Quadrature Capital Ltd 0.48% of their portfolio LONDON, X0 716,679716.7k $55.5m $55.5m 0.48% New
6 MEITAV INVESTMENT HOUSE LTD 0.33% of their portfolio BENE-BERAQ, L3 628,000628.0k $48.7m $48.7m 0.33% Reduced -125.0k -125,000
7 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 533,730533.7k $41.3m $41.3m 0.03% Reduced -9.7k -9,653
8 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 402,290402.3k $31.2m $31.2m 0.02% New
9 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 383,564383.6k $29.7m $29.7m 0.01% Added +37.8k +37,786
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 344,755344.8k $26.7m $26.7m 0.00% Reduced -127.8k -127,835
11 POTOMAC FUND MANAGEMENT INC /ADV 0.60% of their portfolio BETHESDA, MD 305,400305.4k $23.7m $23.7m 0.60% Added +126.2k +126,200
12 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 1.59% of their portfolio GRAND BLANC, MI 278,004278.0k $21.5m $21.5m 1.59% Reduced -49.4k -49,386
13 Electrum Group LLC 0.57% of their portfolio NEW YORK, NY 251,009251.0k $19.4m $19.4m 0.57% Unchanged
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 248,241248.2k $19.2m $19.2m 0.00% Added +204.0k +203,989
15 CI INVESTMENTS INC. 0.06% of their portfolio TORONTO, Z4 224,748224.7k $17.4m $17.4m 0.06% Added +60.4k +60,430
16 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 205,864205.9k $15.9m $15.9m 0.01% Reduced -146.9k -146,926
17 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 205,533205.5k $15.9m $15.9m 0.00% Added +28.1k +28,075
18 MARCO INVESTMENT MANAGEMENT LLC 1.02% of their portfolio ATLANTA, GA 200,160200.2k $15.5m $15.5m 1.02% Unchanged
19 GROUP ONE TRADING LLC 0.39% of their portfolio CHICAGO, IL 176,160176.2k $13.6m $13.6m 0.39% Reduced -24.3k -24,255
20 Belvedere Trading LLC 1.12% of their portfolio CHICAGO, IL 173,824173.8k $13.5m $13.5m 1.12% Added +54.3k +54,285
21 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 167,894167.9k $12.7m $12.7m 0.00% Reduced -31.8k -31,842
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 161,712161.7k $12.5m $12.5m 0.00% Added +6.3k +6,305
23 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 149,026149.0k $11.5m $11.5m 0.01% Reduced -546 -546
24 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 146,577146.6k $11.4m $11.4m 0.01% Added +137.3k +137,345
25 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 145,268145.3k $11.3m $11.3m 0.02% New
26 AE Wealth Management LLC 0.05% of their portfolio TOPEKA, KS 143,467143.5k $11.1m $11.1m 0.05% Added +141.5k +141,519
27 Asset One Wealth Management LLC 1.14% of their portfolio BELLEVUE, WA 143,425143.4k $10.8m $10.8m 1.14% Added +3.0k +3,040
28 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 137,279137.3k $10.6m $10.6m 0.01% Reduced -71.0k -70,968
29 BFI Infinity Ltd. 4.57% of their portfolio ZURICH, V8 122,772122.8k $9.5m $9.5m 4.57% Added +1.5k +1,453
30 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 111,080111.1k $8.6m $8.6m 0.00% Reduced -6.1k -6,074
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 101,036101.0k $7.8m $7.8m 0.00% Added +37.3k +37,330
32 Elite Wealth Management, Inc. 2.29% of their portfolio KIRKLAND, WA 99,65699.7k $7.7m $7.7m 2.29% Reduced -6.8k -6,760
33 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 95,95796.0k $7.4m $7.4m 0.01% Reduced -429 -429
34 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 95,81395.8k $7.4m $7.4m 0.00% Reduced -39.4k -39,443
35 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 92,39092.4k $7.2m $7.2m 0.00% Unchanged
36 AVALON CAPITAL MANAGEMENT 1.67% of their portfolio Port Of Redwood City, CA 90,97391.0k $7.0m $7.0m 1.67% Added +79.8k +79,781
37 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 89,01389.0k $6.9m $6.9m 0.02% Added +22.4k +22,360
38 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 84,21484.2k $6.5m $6.5m 0.00% Reduced -178.2k -178,216
39 Summit Financial, LLC 0.07% of their portfolio PARSIPPANY, NJ 81,62681.6k $6.3m $6.3m 0.07% Reduced -1 -1
40 SPROTT INC. 0.21% of their portfolio TORONTO, A6 80,83480.8k $6.3m $6.3m 0.21% Added +38.5k +38,508
41 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 78,52278.5k $6.1m $6.1m 0.01% Added +35.0k +34,967
42 WIT Partners Advisory Pte. Ltd. 2.83% of their portfolio SINGAPORE, U0 77,78277.8k $6.0m $6.0m 2.83% Added +1.3k +1,300
43 Beverly Hills Private Wealth, LLC 1.07% of their portfolio BEVERLY HILLS, CA 71,79671.8k $5.6m $5.6m 1.07% Reduced -621 -621
44 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 70,86070.9k $5.5m $5.5m 0.00% Reduced -70.4k -70,351
45 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 67,76067.8k $5.3m $5.3m 0.00% Added +21.7k +21,687
46 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 66,73566.7k $5.2m $5.2m 0.01% Added +29.9k +29,886
47 PCG Wealth Advisors, LLC 1.10% of their portfolio OVERLAND PARK, KS 63,59963.6k $4.9m $4.9m 1.10% Added +24.4k +24,375
48 ONE PLUS ONE WEALTH MANAGEMENT, LLC 2.15% of their portfolio JUPITER, FL 63,55763.6k $4.9m $4.9m 2.15% Reduced -304 -304
49 SIMPLEX TRADING, LLC 0.12% of their portfolio CHICAGO, IL 57,79357.8k $4.5m $4.5m 0.12% Added +40.3k +40,269
50 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 55,51755.5k $4.3m $4.3m 0.01% Reduced -10.4k -10,415
51 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 54,97355.0k $4.3m $4.3m 0.02% Added +4.9k +4,860
52 Crescent Grove Advisors, LLC 0.35% of their portfolio LAKE FOREST, IL 53,55053.5k $4.1m $4.1m 0.35% Added +24.0k +24,034
53 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.02% of their portfolio IRVING, TX 51,43951.4k $4.0m $4.0m 0.02% Added +1.9k +1,950
54 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 51,34851.3k $4.0m $4.0m 0.00% Reduced -65.1k -65,097
55 ELEVATION POINT WEALTH PARTNERS, LLC 0.07% of their portfolio DENVER, CO 50,97251.0k $3.9m $3.9m 0.07% Reduced -6 -6
56 Bitwise Funds Trust 0.89% of their portfolio San Francisco, CA 48,90348.9k $3.8m $3.8m 0.89% First filing
57 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 45,51345.5k $3.5m $3.5m 0.00% Reduced -86 -86
58 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 44,98245.0k $3.5m $3.5m 0.00% Reduced -1.4k -1,429
59 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 44,01944.0k $3.4m $3.4m 0.00% Added +10.8k +10,814
60 NORTHEAST PLANNING ASSOCIATES, INC. / NH / 2.26% of their portfolio BEDFORD, NH 43,24043.2k $3.0m $3.0m 2.26% Added +4.6k +4,570
61 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 43,19243.2k $3.3m $3.3m 0.00% Reduced -189.3k -189,263
62 FWL INVESTMENT MANAGEMENT, LLC 0.59% of their portfolio Dallas, TX 41,76541.8k $3.2m $3.2m 0.59% Added +20.3k +20,301
63 HARBOUR INVESTMENTS, INC. 0.04% of their portfolio MADISON, WI 40,42540.4k $3.1m $3.1m 0.04% Added +815 +815
64 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 39,21039.2k $3.0m $3.0m 0.01% Added +10.0k +9,974
65 Gotham Asset Management, LLC 0.01% of their portfolio NEW YORK, NY 38,62038.6k $3.0m $3.0m 0.01% Unchanged
66 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 38,34338.3k $3.0m $3.0m 0.01% Added +34.8k +34,825
67 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 37,84237.8k $2.9m $2.9m 0.01% Reduced -884 -884
68 JUNCTURE WEALTH STRATEGIES, LLC 0.74% of their portfolio SCOTTSDALE, AZ 36,96737.0k $2.9m $2.9m 0.74% Added +13.1k +13,072
69 QUATTRO FINANCIAL ADVISORS LLC 0.57% of their portfolio The Woodlands, TX 34,69034.7k $2.7m $2.7m 0.57% Unchanged
70 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 33,46033.5k $2.6m $2.6m 0.00% Added +14.7k +14,656
71 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 32,26732.3k $2.5m $2.5m 0.01% Reduced -11.7k -11,737
72 Kurv Investment Management LLC 1.92% of their portfolio San Francisco, CA 32,18532.2k $2.5m $2.5m 1.92% Added +4.2k +4,239
73 Norris Financial Group, LLC 0.99% of their portfolio GREENVILLE, SC 32,03432.0k $2.5m $2.5m 0.99% Added +3.0k +3,030
74 CreativeOne Wealth, LLC 0.05% of their portfolio OVERLAND PARK, KS 31,52131.5k $2.4m $2.4m 0.05% Added +5.2k +5,191
75 BANQUE PICTET & CIE SA 0.02% of their portfolio GENEVA 73, V8 31,00031.0k $2.4m $2.4m 0.02% Unchanged
76 New Harbor Financial Group, LLC 0.37% of their portfolio WORCESTER, MA 30,08830.1k $2.3m $2.3m 0.37% Reduced -985 -985
77 OLD MISSION CAPITAL LLC 0.06% of their portfolio CHICAGO, IL 29,45029.4k $2.3m $2.3m 0.06% New
78 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 27,83027.8k $2.2m $2.2m 0.01% Added +4.0k +4,011
79 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 27,27227.3k $2.1m $2.1m 0.01% New
80 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 26,72126.7k $2.1m $2.1m 0.00% Added +23.9k +23,892
81 Harvest Investment Services, LLC 0.31% of their portfolio Oakbrook Terrace, IL 25,52425.5k $2.0m $2.0m 0.31% Added +7.4k +7,381
82 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 25,00025.0k $1.9k $1.9k 0.00% New
83 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 25,00025.0k $1.9m $1.9m 0.00% New
84 WYNNEFIELD CAPITAL INC 1.33% of their portfolio NEW YORK, NY 25,00025.0k $1.9m $1.9m 1.33% Unchanged
85 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 24,59624.6k $1.9m $1.9m 0.01% Added +2.3k +2,306
86 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 24,21924.2k $1.9m $1.9m 0.00% Added +12.0k +11,988
87 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 23,80723.8k $1.8m $1.8m 0.00% Reduced -7.0k -7,003
88 IHT Wealth Management, LLC 0.04% of their portfolio Chicago, IL 23,54423.5k $1.8m $1.8m 0.04% Added +430 +430
89 Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio HONG KONG, K3 22,63922.6k $1.8m $1.8m 0.03% Reduced -24.3k -24,346
90 First International Bank of Israel Ltd. 0.48% of their portfolio TEL AVIV, L3 22,60022.6k $1.8m $1.8m 0.48% Unchanged
91 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 22,33022.3k $1.7m $1.7m 0.00% New
92 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 22,00322.0k $1.7m $1.7m 0.02% Added +13.7k +13,686
93 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 21,66721.7k $1.7m $1.7m 0.00% Reduced -84 -84
94 Ballew Advisors, Inc 0.89% of their portfolio Jackson, MS 21,58821.6k $1.7m $1.7m 0.89% Added +1.6k +1,621
95 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 20,55720.6k $1.6m $1.6m 0.00% Reduced -193.4k -193,419
96 Pekin Hardy Strauss, Inc. 0.14% of their portfolio CHICAGO, IL 20,53820.5k $1.6m $1.6m 0.14% Reduced -43 -43
97 Proficio Capital Partners LLC 0.06% of their portfolio NEWTON, MA 20,48720.5k $1.6m $1.6m 0.06% Reduced -495 -495
98 Geneos Wealth Management Inc. 0.03% of their portfolio ENGLEWOOD, CO 20,40420.4k $1.6m $1.6m 0.03% Reduced -500 -500
99 PARSONS CAPITAL MANAGEMENT INC/RI 0.07% of their portfolio PROVIDENCE, RI 19,00019.0k $1.5m $1.5m 0.07% Unchanged
100 HOLLENCREST CAPITAL MANAGEMENT 0.09% of their portfolio NEWPORT BEACH, CA 18,59118.6k $1.4m $1.4m 0.09% Unchanged