Vault-13

ISHARES SILVER TR SLV

ISHARES · ETP · CUSIP 46428Q109 · ISIN US46428Q1094

1,081 institutional holders +67 vs Q1 2025
169,634,412169.6m shares reported held*
$5.6bnreported value*
151 new 362 added 279 reduced 87 sold out net bought ≈ $61.9m (+1.4m 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 ($8.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $32.95. Options: 93 managers hold calls ($9.5bn notional), 46 hold puts ($5.2bn).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 671Q4 22: 738Q1 23: 740Q2 23: 758Q3 23: 742Q4 23: 773Q1 24: 789Q2 24: 872Q3 24: 917Q4 24: 937Q1 25: 1,014Q2 25: 1,0811,081Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022671
Q4 2022738
Q1 2023740
Q2 2023758
Q3 2023742
Q4 2023773
Q1 2024789
Q2 2024872
Q3 2024917
Q4 2024937
Q1 20251,014
Q2 20251,081

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 230 bought or addedQ3 23: 339 cut or sold outQ4 23: 227 bought or addedQ4 23: 345 cut or sold outQ4 23Q1 24: 265 bought or addedQ1 24: 353 cut or sold outQ2 24: 386 bought or addedQ2 24: 290 cut or sold outQ2 24Q3 24: 426 bought or addedQ3 24: 304 cut or sold outQ4 24: 384 bought or addedQ4 24: 343 cut or sold outQ4 24Q1 25: 490 bought or addedQ1 25: 311 cut or sold outQ2 25: 513 bought or addedQ2 25: 366 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023230339
Q4 2023227345
Q1 2024265353
Q2 2024386290
Q3 2024426304
Q4 2024384343
Q1 2025490311
Q2 2025513366

Calls vs puts

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

CallsPuts
$0$2.5bn$5bn$7.5bn$10bnQ3 24 calls: $6.9bnQ3 24 puts: $3.6bnQ3 24P/C 0.53Q4 24 calls: $6.3bnQ4 24 puts: $3.5bnQ4 24P/C 0.55Q1 25 calls: $8.1bnQ1 25 puts: $5.2bnQ1 25P/C 0.64Q2 25 calls: $9.5bnQ2 25 puts: $5.2bnQ2 25P/C 0.55
Numbers
QuarterCallsPutsP/C
Q3 2024$6.9bn$3.6bn0.53
Q4 2024$6.3bn$3.5bn0.55
Q1 2025$8.1bn$5.2bn0.64
Q2 2025$9.5bn$5.2bn0.55

Biggest buyers

UBS Group AG Added +5,475,510+5.5m
NWI MANAGEMENT LP Added +3,633,000+3.6m
ROYAL BANK OF CANADA Added +3,374,861+3.4m
MORGAN STANLEY Added +1,469,004+1.5m
PEAK6 LLC New +1,212,772+1.2m
WELLS FARGO & COMPANY/MN Added +1,014,890+1.0m
Saudi Central Bank New +932,000+932.0k
GLOBALT Investments LLC / GA New +897,855+897.9k
GUGGENHEIM CAPITAL LLC Added +859,355+859.4k
CIBC WORLD MARKETS CORP New +853,160+853.2k

Biggest sellers

JANE STREET GROUP, LLC Reduced -24,647,595-24.6m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,565,344-1.6m
SG Americas Securities, LLC Reduced -935,342-935.3k
Quadrature Capital Ltd Reduced -848,471-848.5k
IMC-Chicago, LLC Reduced -745,158-745.2k
AMERIPRISE FINANCIAL INC Reduced -504,913-504.9k
TSP Capital Management Group, LLC Sold out -468,075-468.1k
B&D White Capital Company, LLC Sold out -444,706-444.7k
Gimbal Financial Sold out -443,682-443.7k
Marks Wealth, LLC Sold out -410,641-410.6k

Biggest calls

JANE STREET GROUP, LLC Reduced $1.3bn40.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.3bn38.8m shares
JPMORGAN CHASE & CO Added $816.1m24.9m shares
CTC LLC Reduced $776.4m23.7m shares
UBS Group AG Added $746.5m22.8m shares
CITADEL ADVISORS LLC Added $688.9m21.0m shares
SIMPLEX TRADING, LLC Reduced $510.9m15.6m shares
Optiver Holding B.V. Added $489.7m14.9m shares
BANK OF AMERICA CORP /DE/ Added $395.6m12.1m shares
PEAK6 LLC Added $241.0m7.3m shares

Biggest puts

JPMORGAN CHASE & CO Reduced $972.4m29.6m shares
JANE STREET GROUP, LLC Added $882.4m26.9m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $533.2m16.3m shares
CTC LLC Reduced $475.4m14.5m shares
CITADEL ADVISORS LLC Reduced $353.8m10.8m shares
PEAK6 LLC Added $274.6m8.4m shares
Optiver Holding B.V. Added $264.6m8.1m shares
Twin Tree Management, LP Reduced $259.3m7.9m shares
SIMPLEX TRADING, LLC Reduced $180.6m5.5m shares
TORONTO DOMINION BANK Reduced $176.6m6.2m 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 2025

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 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 UBS Group AG 0.12% of their portfolio ZURICH, V8 17,514,99117.5m $574.7m $574.7m 0.12% Added +5.5m +5,475,510
2 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 17,296,77717.3m $567.5m $567.5m 0.04% Added +1.5m +1,469,004
3 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 9,847,8399.8m $323.1m $323.1m 0.03% Reduced -74.0k -74,046
4 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 7,860,5827.9m $257.9m $257.9m 0.09% Added +28.2k +28,212
5 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 5,916,0485.9m $194.1m $194.1m 0.04% Added +1.0m +1,014,890
6 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 5,346,2885.3m $175.4m $175.4m 0.02% Added +3.4m +3,374,861
7 NWI MANAGEMENT LP 5.58% of their portfolio NEW YORK, NY 3,658,0003.7m $120.0m $120.0m 5.58% Added +3.6m +3,633,000
8 BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio PARIS, I0 3,178,4643.2m $104.3m $104.3m 0.08% Reduced -1.6m -1,565,344
9 MEITAV INVESTMENT HOUSE LTD 1.32% of their portfolio BENE-BERAQ, L3 2,972,6003.0m $97.6m $97.6m 1.32% Added +152.6k +152,600
10 SG Americas Securities, LLC 0.42% of their portfolio NEW YORK, NY 2,884,9652.9m $94.7m $94.7m 0.42% Reduced -935.3k -935,342
11 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 2,472,3562.5m $81.1m $81.1m 0.03% Added +25.4k +25,384
12 JANE STREET GROUP, LLC 0.12% of their portfolio NEW YORK, NY 2,193,8582.2m $72.0m $72.0m 0.12% Reduced -24.6m -24,647,595
13 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 2,102,5582.1m $69.0m $69.0m 0.02% Reduced -504.9k -504,913
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,005,0282.0m $65.8m $65.8m 0.00% Added +716.2k +716,237
15 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 1,996,6962.0m $65.5m $65.5m 0.09% Reduced -109.2k -109,158
16 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,953,0242.0m $64.1m $64.1m 0.01% Added +534.6k +534,588
17 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 1,655,6031.7m $54.3m $54.3m 0.07% Reduced -70.2k -70,178
18 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 1,478,7721.5m $48.5m $48.5m 0.05% Added +593.2k +593,250
19 IMC-Chicago, LLC 1.21% of their portfolio CHICAGO, IL 1,476,2611.5m $48.4m $48.4m 1.21% Reduced -745.2k -745,158
20 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 1,407,1961.4m $46.2m $46.2m 0.05% Added +567.4k +567,354
21 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,372,1431.4m $45.0m $45.0m 0.01% Added +295.6k +295,575
22 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 1,290,6631.3m $42.3m $42.3m 0.07% Added +55.2k +55,180
23 PEAK6 LLC 0.72% of their portfolio AUSTIN, TX 1,212,7721.2m $39.8m $39.8m 0.72% New
24 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 1,133,1201.1m $37.1m $37.1m 0.07% Added +120.6k +120,560
25 Ion Asset Management Ltd. 2.22% of their portfolio Herzliya, L3 1,119,4001.1m $36.7m $36.7m 2.22% Added +12.8k +12,800
26 Bleakley Financial Group, LLC 0.90% of their portfolio PARSIPPANY, NJ 1,079,4211.1m $35.4m $35.4m 0.90% Added +25.2k +25,169
27 Saudi Central Bank 1.25% of their portfolio Riyadh, T0 932,000932.0k $30.6m $30.6m 1.25% New
28 Money Design Co.,Ltd. 1.41% of their portfolio TOKYO, M0 918,258918.3k $30.1m $30.1m 1.41% Added +153.4k +153,447
29 GUGGENHEIM CAPITAL LLC 0.24% of their portfolio CHICAGO, IL 914,527914.5k $30.0m $30.0m 0.24% Added +859.4k +859,355
30 GLOBALT Investments LLC / GA 1.13% of their portfolio Atlanta, GA 897,855897.9k $29.5m $29.5m 1.13% New
31 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 881,588881.6k $28.9m $28.9m 0.08% Added +429.4k +429,435
32 TUDOR INVESTMENT CORP ET AL 0.22% of their portfolio STAMFORD, CT 875,181875.2k $28.7m $28.7m 0.22% Added +340.3k +340,335
33 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 868,401868.4k $28.5m $28.5m 0.09% Reduced -193.5k -193,534
34 CIBC WORLD MARKETS CORP 0.19% of their portfolio NEW YORK, NY 853,160853.2k $28.0m $28.0m 0.19% New
35 1832 Asset Management L.P. 0.05% of their portfolio TORONTO, A6 812,052812.1k $26.6m $26.6m 0.05% New
36 Yong Rong (HK) Asset Management Ltd 6.33% of their portfolio SHEUNG WAN, K3 800,000800.0k $26.2m $26.2m 6.33% Added +609.8k +609,800
37 NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio MONTREAL, A8 795,947795.9k $26.1m $26.1m 0.03% Added +44.9k +44,907
38 Cadence Wealth Management LLC 15.72% of their portfolio WESTBOROUGH, MA 724,150724.1k $23.8m $23.8m 15.72% Added +15.0k +15,040
39 Richard C. Young & CO., LTD. 2.29% of their portfolio NEWPORT, RI 706,560706.6k $23.2m $23.2m 2.29% Reduced -6.0k -6,043
40 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 706,416706.4k $23.2m $23.2m 0.04% Reduced -34.1k -34,084
41 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 701,734701.7k $23.0m $23.0m 0.00% Added +246.1k +246,115
42 Corecam Pte. Ltd. 12.88% of their portfolio SINGAPORE, U0 697,000697.0k $22.9m $22.9m 12.88% Reduced -146.2k -146,200
43 Foundations Investment Advisors, LLC 0.36% of their portfolio PHOENIX, AZ 696,240696.2k $22.8m $22.8m 0.36% Added +160.6k +160,566
44 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 694,120694.1k $22.8m $22.8m 0.11% Added +94.2k +94,152
45 MACKENZIE FINANCIAL CORP 0.03% of their portfolio TORONTO ONTARIO, A6 684,625684.6k $22.5m $22.5m 0.03% Reduced -100.0k -99,999
46 Carrhae Capital LLP 2.06% of their portfolio London, X0 656,743656.7k $21.5m $21.5m 2.06% Added +79.8k +79,783
47 NorthCoast Asset Management LLC 0.09% of their portfolio STAMFORD, CT 654,650654.6k $21.5m $21.5m 0.09% Added +639.1k +639,072
48 DRW Securities, LLC 1.46% of their portfolio CHICAGO, IL 634,276634.3k $20.8m $20.8m 1.46% New
49 NewEdge Advisors, LLC 0.10% of their portfolio NEW ORLEANS, LA 619,500619.5k $19.6m $19.6m 0.10% Added +193.8k +193,805
50 Permanens Capital L.P. 2.77% of their portfolio NEW YORK, NY 618,578618.6k $20.3m $20.3m 2.77% New
51 Trek Financial, LLC 1.33% of their portfolio Scottsdale, AZ 602,810602.8k $19.8m $19.8m 1.33% Added +113.1k +113,111
52 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 536,316536.3k $17.6m $17.6m 0.02% New
53 GREAT VALLEY ADVISOR GROUP, INC. 0.38% of their portfolio WILMINGTON, DE 526,970527.0k $17.3m $17.3m 0.38% Added +484.2k +484,247
54 Faithward Advisors, LLC 2.46% of their portfolio LANCASTER, PA 483,546483.5k $15.9m $15.9m 2.46% Added +4.2k +4,209
55 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 477,314477.3k $15.7m $15.7m 0.02% Added +296.1k +296,072
56 Kaydan Wealth Management, Inc. 5.12% of their portfolio FENTON, MI 476,443476.4k $15.6m $15.6m 5.12% Reduced -9.2k -9,210
57 RIA Advisory Group LLC 4.51% of their portfolio Des Moines, IA 467,441467.4k $15.3m $15.3m 4.51% Reduced -35.8k -35,760
58 TSP Capital Management Group, LLC 4.80% of their portfolio Summit, NJ 465,875465.9k $15.3m $15.3m 4.80% New
59 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 464,842464.8k $15.3m $15.3m 0.02% Reduced -117.3k -117,273
60 TEACHER RETIREMENT SYSTEM OF TEXAS 0.06% of their portfolio AUSTIN, TX 450,000450.0k $14.8m $14.8m 0.06% New
61 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.13% of their portfolio Madrid, U3 450,000450.0k $14.7m $14.7m 0.13% Reduced -90.1k -90,112
62 Carrera Capital Advisors 2.93% of their portfolio TROY, MI 443,095443.1k $14.5m $14.5m 2.93% Added +17.6k +17,635
63 Private Advisor Group, LLC 0.08% of their portfolio MORRISTOWN, NJ 436,669436.7k $14.3m $14.3m 0.08% Reduced -44.4k -44,443
64 AMG National Trust Bank 0.38% of their portfolio GREENWOOD VILLAGE, CO 436,153436.2k $14.3m $14.3m 0.38% Reduced -828 -828
65 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 432,299432.3k $14.2m $14.2m 0.01% Added +145.7k +145,688
66 NORTHEAST PLANNING ASSOCIATES, INC. / NH / 12.78% of their portfolio BEDFORD, NH 423,042423.0k $13.9m $13.9m 12.78% Reduced -1.2k -1,229
67 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 422,307422.3k $13.9m $13.9m 0.02% Added +55.7k +55,677
68 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 407,457407.5k $13.4m $13.4m 0.01% Added +31.0k +30,961
69 DEBUSSY CAPITAL MANAGEMENT LP 1.96% of their portfolio CHICAGO, IL 397,518397.5k $13.0m $13.0m 1.96% Reduced -7.9k -7,944
70 INSIGNEO ADVISORY SERVICES, LLC 1.10% of their portfolio MIAMI, FL 389,932389.9k $12.8m $12.8m 1.10% Reduced -4.6k -4,608
71 New Harbor Financial Group, LLC 2.86% of their portfolio WORCESTER, MA 380,448380.4k $12.5m $12.5m 2.86% Added +368.8k +368,838
72 Twin Tree Management, LP 0.31% of their portfolio DALLAS, TX 376,046376.0k $12.3m $12.3m 0.31% New
73 Proficio Capital Partners LLC 0.75% of their portfolio NEWTON, MA 365,975366.0k $12.0m $12.0m 0.75% Added +103.7k +103,705
74 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 357,685357.7k $11.7m $11.7m 0.03% Reduced -373.4k -373,358
75 Concentric Capital Strategies, LP 0.66% of their portfolio Stamford, CT 355,563355.6k $11.7m $11.7m 0.66% New
76 Caliber Wealth Management, LLC / KS 1.22% of their portfolio Overland Park, KS 346,785346.8k $11.4m $11.4m 1.22% Reduced -30.6k -30,565
77 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 327,779327.8k $10.8m $10.8m 0.00% Added +155.8k +155,788
78 Steward Partners Investment Advisory, LLC 0.08% of their portfolio STAMFORD, CT 323,749323.7k $10.6m $10.6m 0.08% Added +67.5k +67,525
79 SYNOVUS FINANCIAL CORP 0.13% of their portfolio Columbus, GA 315,964316.0k $10.4m $10.4m 0.13% Added +163.3k +163,306
80 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 313,213313.2k $10.3m $10.3m 0.02% Added +12.4k +12,399
81 Chicago Wealth Management, Inc. 4.78% of their portfolio CHICAGO, IL 305,671305.7k $10.0m $10.0m 4.78% Reduced -3.4k -3,429
82 Ariose Capital Management Ltd 6.28% of their portfolio CENTRAL, HONG KONG, K3 302,937302.9k $9.9m $9.9m 6.28% New
83 Cresset Asset Management, LLC 0.05% of their portfolio Chicago, IL 296,136296.1k $9.7m $9.7m 0.05% Reduced -10.6k -10,559
84 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 294,089294.1k $9.6m $9.6m 0.02% Reduced -1.3k -1,268
85 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 292,905292.9k $9.6m $9.6m 0.01% Added +82.1k +82,137
86 MAPLELANE CAPITAL, LLC 0.59% of their portfolio New York, NY 290,000290.0k $9.5m $9.5m 0.59% Unchanged
87 RFG Advisory, LLC 0.22% of their portfolio BIRMINGHAM, AL 283,295283.3k $9.3m $9.3m 0.22% Added +164.6k +164,645
88 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 280,501280.5k $9.2m $9.2m 0.01% Reduced -89.6k -89,559
89 Arkadios Wealth Advisors 0.27% of their portfolio ATLANTA, GA 272,118272.1k $8.9m $8.9m 0.27% Added +76.8k +76,828
90 Cercano Management LLC 0.25% of their portfolio BELLEVUE, WA 270,859270.9k $8.9m $8.9m 0.25% Reduced -117.6k -117,644
91 PenderFund Capital Management Ltd. 1.94% of their portfolio VANCOUVER, A1 250,000250.0k $8.2m $8.2m 1.94% New
92 IHT Wealth Management, LLC 0.22% of their portfolio Chicago, IL 243,963244.0k $8.0m $8.0m 0.22% Added +34.9k +34,947
93 Integrated Wealth Concepts LLC 0.08% of their portfolio WALTHAM, MA 237,760237.8k $7.8m $7.8m 0.08% Added +108.7k +108,684
94 Capital Wealth Planning, LLC 0.06% of their portfolio NAPLES, FL 233,389233.4k $7.7m $7.7m 0.06% Added +142.4k +142,395
95 Arkos Global Advisors 1.05% of their portfolio HOUSTON, TX 231,466231.5k $7.6m $7.6m 1.05% Added +98.1k +98,148
96 ARS Wealth Advisors Group, LLC 0.86% of their portfolio St. Petersburg, FL 228,094228.1k $7.5m $7.5m 0.86% Added +2.7k +2,652
97 Mariner, LLC 0.01% of their portfolio Overland Park, KS 224,061224.1k $7.4m $7.4m 0.01% Added +17.5k +17,519
98 AGF MANAGEMENT LTD 0.03% of their portfolio TORONTO, A6 218,400218.4k $7.2m $7.2m 0.03% New
99 Ariadne Wealth Management, LP 3.61% of their portfolio SANTA BARBARA, CA 215,850215.8k $7.6m $7.6m 3.61% Unchanged
100 Marex Group Ltd 0.13% of their portfolio London, X0 214,668214.7k $7.0m $7.0m 0.13% Reduced -363.2k -363,182