Vault-13

SPROTT PHYSICAL SILVER TR PSLV

TR UNIT · Closed-End Fund · CUSIP 85207K107

506 institutional holders +23 vs Q4 2025
155,023,561155.0m shares reported held*
$3.8bnreported value*
73 new 138 added 188 reduced 53 sold out net bought ≈ $102.4m (+4.3m 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 ($50.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.36. Options: 1 managers hold calls ($6.6m notional), 1 hold puts ($3.0m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 283Q4 22: 308Q1 23: 302Q2 23: 312Q3 23: 315Q4 23: 318Q1 24: 325Q2 24: 333Q3 24: 344Q4 24: 374Q1 25: 388Q2 25: 404Q3 25: 421Q4 25: 483Q1 26: 506506Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022283
Q4 2022308
Q1 2023302
Q2 2023312
Q3 2023315
Q4 2023318
Q1 2024325
Q2 2024333
Q3 2024344
Q4 2024374
Q1 2025388
Q2 2025404
Q3 2025421
Q4 2025483
Q1 2026506

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 24: 138 bought or addedQ2 24: 95 cut or sold outQ3 24: 140 bought or addedQ3 24: 98 cut or sold outQ3 24Q4 24: 151 bought or addedQ4 24: 104 cut or sold outQ1 25: 165 bought or addedQ1 25: 103 cut or sold outQ1 25Q2 25: 192 bought or addedQ2 25: 107 cut or sold outQ3 25: 201 bought or addedQ3 25: 111 cut or sold outQ3 25Q4 25: 220 bought or addedQ4 25: 167 cut or sold outQ1 26: 211 bought or addedQ1 26: 241 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202413895
Q3 202414098
Q4 2024151104
Q1 2025165103
Q2 2025192107
Q3 2025201111
Q4 2025220167
Q1 2026211241

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $5.2mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $4.2mQ4 25 puts: $1.8mQ4 25P/C 0.44Q1 26 calls: $6.6mQ1 26 puts: $3.0mQ1 26P/C 0.45
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$5.2m$00.00
Q4 2025$4.2m$1.8m0.44
Q1 2026$6.6m$3.0m0.45

Biggest buyers

IMC-Chicago, LLC Added +12,611,729+12.6m
GOLDMAN SACHS GROUP INC Added +4,186,307+4.2m
JANE STREET GROUP, LLC Added +1,711,953+1.7m
Cable Car Capital, LP New +1,000,000+1.0m
CITADEL ADVISORS LLC New +886,665+886.7k
Anson Funds Management LP New +813,800+813.8k
ALPS ADVISORS INC Added +765,129+765.1k
Federation des caisses Desjardins du Quebec Added +634,186+634.2k
JPMORGAN CHASE & CO Added +519,955+520.0k
RK Capital Management, LLC/FL New +509,906+509.9k

Biggest sellers

BlackRock, Inc. Reduced -7,546,444-7.5m
Polar Asset Management Partners Inc. Sold out -3,437,232-3.4m
ROYAL BANK OF CANADA Reduced -828,191-828.2k
TIAA TRUST, NATIONAL ASSOCIATION Sold out -796,744-796.7k
HATCH COVE CAPITAL, LLC Sold out -790,900-790.9k
COHEN & STEERS, INC. Sold out -652,145-652.1k
PenderFund Capital Management Ltd. Sold out -565,000-565.0k
Pekin Hardy Strauss, Inc. Reduced -549,256-549.3k
SPROTT INC. Reduced -532,888-532.9k
Equinox Partners Investment Management LLC Reduced -527,600-527.6k

Biggest calls

SIG North Trading, ULC Added $6.6m270.8k shares

Biggest puts

SIG North Trading, ULC Added $3.0m122.5k 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 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 in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Federation des caisses Desjardins du Quebec 1.55% of their portfolio LEVIS, A8 17,725,59017.7m $431.6m $431.6m 1.55% Added +634.2k +634,186
2 IMC-Chicago, LLC 4.75% of their portfolio CHICAGO, IL 12,853,47112.9m $313.5m $313.5m 4.75% Added +12.6m +12,611,729
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 10,970,63311.0m $267.6m $267.6m 0.00% Reduced -7.5m -7,546,444
4 JUPITER ASSET MANAGEMENT LTD 1.23% of their portfolio London, X0 9,467,8839.5m $229.9m $229.9m 1.23% Added +76.7k +76,736
5 Weiss Asset Management LP 3.66% of their portfolio BOSTON, MA 8,190,3708.2m $199.8m $199.8m 3.66% Not comparable
6 ALPS ADVISORS INC 0.71% of their portfolio Denver, CO 6,152,7596.2m $150.1m $150.1m 0.71% Added +765.1k +765,129
7 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,696,2264.7m $114.5m $114.5m 0.01% Reduced -64.5k -64,535
8 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 4,557,8384.6m $111.2m $111.2m 0.01% Added +4.2m +4,186,307
9 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 3,183,9533.2m $77.7m $77.7m 0.02% Reduced -341.2k -341,242
10 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 2,846,1772.8m $69.4m $69.4m 0.01% Reduced -828.2k -828,191
11 Capital Wealth Alliance, LLC 24.48% of their portfolio Scottsdale, AZ 2,219,7942.2m $54.1m $54.1m 24.48% Reduced -3.8k -3,788
12 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 2,025,0042.0m $49.4m $49.4m 0.05% Added +1.7m +1,711,953
13 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,844,2881.8m $45.0m $45.0m 0.01% Reduced -216.2k -216,198
14 Kestra Advisory Services, LLC 0.15% of their portfolio AUSTIN, TX 1,665,1461.7m $40.6m $40.6m 0.15% Added +81.9k +81,917
15 SPROTT INC. 1.23% of their portfolio TORONTO, A6 1,655,9951.7m $40.4m $40.4m 1.23% Reduced -532.9k -532,888
16 FIDELIS CAPITAL PARTNERS, LLC 2.87% of their portfolio TAMPA, FL 1,650,8201.7m $40.3m $40.3m 2.87% Added +1.7k +1,660
17 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 1,595,7721.6m $38.9m $38.9m 0.10% Added +450.5k +450,489
18 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,594,7701.6m $38.9m $38.9m 0.01% Reduced -75.7k -75,680
19 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 1,457,1551.5m $35.5m $35.5m 0.04% Reduced -196.6k -196,620
20 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,379,5281.4m $33.6m $33.6m 0.01% Added +273.6k +273,649
21 HOLLENCREST CAPITAL MANAGEMENT 1.25% of their portfolio NEWPORT BEACH, CA 1,377,3941.4m $33.6m $33.6m 1.25% Reduced -15.7k -15,656
22 Prospera Financial Services Inc 0.53% of their portfolio Dallas, TX 1,342,5731.3m $32.7m $32.7m 0.53% Reduced -182.4k -182,448
23 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 1,340,1531.3m $32.7m $32.7m 0.05% Reduced -182.4k -182,409
24 Beacon Pointe Advisors, LLC 0.17% of their portfolio NEWPORT BEACH, CA 1,323,6251.3m $32.3m $32.3m 0.17% Added +47.4k +47,366
25 WEALTHCARE CAPITAL MANAGEMENT LLC 2.59% of their portfolio RICHMOND, VA 1,059,9651.1m $25.9m $25.9m 2.59% Reduced -133.9k -133,948
26 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 1,021,9471.0m $24.9m $24.9m 0.03% Added +295.0k +294,983
27 WIT Partners Advisory Pte. Ltd. 7.18% of their portfolio SINGAPORE, U0 1,007,5571.0m $24.6m $24.6m 7.18% Added +159.8k +159,765
28 World Investment Advisors 0.39% of their portfolio LINCROFT, NJ 1,003,6301.0m $24.5m $24.5m 0.39% Added +113.7k +113,690
29 Cable Car Capital, LP 8.43% of their portfolio SAN FRANCISCO, CA 1,000,0001.0m $24.4m $24.4m 8.43% New
30 Basepoint Wealth LLC 13.59% of their portfolio CEDAR RAPIDS, IA 973,831973.8k $23.8m $23.8m 13.59% Reduced -526.5k -526,513
31 Kingsview Wealth Management, LLC 0.31% of their portfolio GRANTS PASS, OR 942,093942.1k $23.0m $23.0m 0.31% Added +299.5k +299,516
32 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 886,665886.7k $21.6m $21.6m 0.02% New
33 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 874,917874.9k $20.6m $20.6m 0.05% Added +36.3k +36,281
34 Anson Funds Management LP 1.27% of their portfolio DALLAS, TX 813,800813.8k $19.8m $19.8m 1.27% New
35 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.07% of their portfolio CHARLOTTE, NC 799,390799.4k $19.5m $19.5m 0.07% First filing
36 SCOTIA CAPITAL INC. 0.07% of their portfolio TORONTO, A6 758,018758.0k $17.3m $17.3m 0.07% Added +180.2k +180,153
37 Cedrus Wealth Group LLC 20.48% of their portfolio ANDOVER, MN 754,153754.2k $18.4m $18.4m 20.48% Reduced -443.5k -443,523
38 Marex Group Ltd 0.19% of their portfolio London, X0 744,409744.4k $18.2m $18.2m 0.19% Reduced -107.3k -107,264
39 Asset One Wealth Management LLC 1.81% of their portfolio BELLEVUE, WA 672,916672.9k $16.4m $16.4m 1.81% Added +22.1k +22,057
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 669,175669.2k $15.2m $15.2m 0.00% Added +520.0k +519,955
41 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 650,221650.2k $15.9m $15.9m 0.01% Reduced -102.4k -102,428
42 Brookstone Capital Management 0.18% of their portfolio WHEATON, IL 635,909635.9k $15.5m $15.5m 0.18% Added +19.8k +19,753
43 Summit Financial, LLC 0.19% of their portfolio PARSIPPANY, NJ 625,539625.5k $15.3m $15.3m 0.19% Reduced -229.6k -229,570
44 MONEY CONCEPTS CAPITAL CORP 0.83% of their portfolio PALM BEACH GARDENS, FL 617,202617.2k $15.1m $15.1m 0.83% Added +2.2k +2,193
45 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 595,488595.5k $14.6m $14.6m 0.01% Added +51.3k +51,251
46 AE Wealth Management LLC 0.08% of their portfolio TOPEKA, KS 577,520577.5k $14.1m $14.1m 0.08% Added +504.0k +503,952
47 Geneos Wealth Management Inc. 0.32% of their portfolio ENGLEWOOD, CO 572,315572.3k $14.0m $14.0m 0.32% Reduced -147.8k -147,767
48 Proactive Wealth Strategies LLC 2.62% of their portfolio MARIETTA, GA 571,348571.3k $13.9m $13.9m 2.62% Added +285.6k +285,577
49 LEAVELL INVESTMENT MANAGEMENT, INC. 0.57% of their portfolio MOBILE, AL 565,316565.3k $13.8m $13.8m 0.57% Added +40.5k +40,512
50 Abacus Planning Group, Inc. 1.86% of their portfolio COLUMBIA, SC 565,265565.3k $13.8m $13.8m 1.86% Added +129.7k +129,725
51 Cyndeo Wealth Partners, LLC 0.70% of their portfolio ST. PETERSBURG, FL 545,035545.0k $13.3m $13.3m 0.70% Reduced -511.7k -511,692
52 Kera Capital Partners, Inc. 1.57% of their portfolio SACRAMENTO, CA 523,989524.0k $12.8m $12.8m 1.57% Added +14.0k +14,025
53 Advisory Services Network, LLC 0.17% of their portfolio ATLANTA, GA 510,781510.8k $12.5m $12.5m 0.17% Added +29.1k +29,122
54 RK Capital Management, LLC/FL 28.58% of their portfolio Weston, FL 509,906509.9k $12.4m $12.4m 28.58% New
55 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 506,242506.2k $12.3m $12.3m 0.02% Reduced -429.0k -429,014
56 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.84% of their portfolio ORLANDO, FL 496,290496.3k $12.1m $12.1m 0.84% Added +54.5k +54,523
57 Financial Sense Advisors, Inc. 2.45% of their portfolio SAN DIEGO, CA 494,493494.5k $12.1m $12.1m 2.45% Added +377.0k +377,000
58 Bleakley Financial Group, LLC 0.19% of their portfolio PARSIPPANY, NJ 488,606488.6k $11.9m $11.9m 0.19% Added +196.1k +196,149
59 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 480,931480.9k $11.7m $11.7m 0.02% Reduced -64.3k -64,327
60 Hurley Capital, LLC 6.11% of their portfolio NEW YORK, NY 466,909466.9k $11.4m $11.4m 6.11% Reduced -228 -228
61 Accordant Advisory Group Inc 7.00% of their portfolio ANNAPOLIS, MD 463,560463.6k $11.3m $11.3m 7.00% Reduced -57.4k -57,370
62 Pacific Sage Partners, LLC 1.75% of their portfolio EDMONDS, WA 456,104456.1k $11.1m $11.1m 1.75% Reduced -5.0k -5,044
63 RIA Advisory Group LLC 2.71% of their portfolio Des Moines, IA 454,482454.5k $11.1m $11.1m 2.71% Added +334.5k +334,454
64 Grand Central Investment Group 8.16% of their portfolio TAMPA, FL 452,087452.1k $11.0m $11.0m 8.16% Reduced -336.6k -336,582
65 Blueprint Investment Partners LLC 1.06% of their portfolio GREENSBORO, NC 424,667424.7k $10.4m $10.4m 1.06% Reduced -215.8k -215,831
66 Blueprint Financial Advisors LLC 1.53% of their portfolio GREENSBOTO, NC 424,534424.5k $10.4m $10.4m 1.53% Reduced -215.7k -215,742
67 UBS Group AG 0.00% of their portfolio ZURICH, V8 421,129421.1k $10.3m $10.3m 0.00% Added +392.4k +392,395
68 Nokomis Capital, L.L.C. 3.09% of their portfolio DALLAS, TX 419,082419.1k $10.2m $10.2m 3.09% Unchanged
69 Quarry LP 2.05% of their portfolio NEW YORK, NY 416,000416.0k $10.1m $10.1m 2.05% New
70 Cannell & Spears LLC 0.19% of their portfolio NEW YORK, NY 405,400405.4k $9.9m $9.9m 0.19% Unchanged
71 EVERGREEN CAPITAL MANAGEMENT LLC 0.21% of their portfolio Bellevue, WA 400,421400.4k $9.8m $9.8m 0.21% Reduced -176.5k -176,477
72 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 394,541394.5k $9.6m $9.6m 0.00% Reduced -70.0k -69,995
73 Entruity Wealth, LLC 6.50% of their portfolio BAKERSFIELD, CA 392,663392.7k $9.6m $9.6m 6.50% Reduced -10.0k -10,045
74 Forest Hill Capital, LLC 6.21% of their portfolio LITTLE ROCK, AR 388,000388.0k $9.5m $9.5m 6.21% Unchanged
75 CENTRAL TRUST Co 0.19% of their portfolio JEFFERSON CITY, MO 387,683387.7k $9.5m $9.5m 0.19% Reduced -130.8k -130,798
76 Equinox Partners Investment Management LLC 3.82% of their portfolio STAMFORD, CT 384,500384.5k $9.4m $9.4m 3.82% Reduced -527.6k -527,600
77 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 381,944381.9k $9.2m $9.2m 0.01% Added +74.9k +74,860
78 Pekin Hardy Strauss, Inc. 0.95% of their portfolio CHICAGO, IL 373,409373.4k $9.1m $9.1m 0.95% Reduced -549.3k -549,256
79 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 373,052373.1k $9.1m $9.1m 0.04% Added +5.9k +5,859
80 INSIGNEO ADVISORY SERVICES, LLC 0.63% of their portfolio MIAMI, FL 360,967361.0k $8.8m $8.8m 0.63% Added +86.8k +86,850
81 Rathbones Group PLC 0.02% of their portfolio Liverpool, X0 355,916355.9k $8.7m $8.7m 0.02% Reduced -282.9k -282,950
82 Apella Capital, LLC 0.14% of their portfolio WEST HARTFORD, CT 353,319353.3k $9.3m $9.3m 0.14% Reduced -24.2k -24,234
83 TD Waterhouse Canada Inc. 0.02% of their portfolio TORONTO, A6 342,527342.5k $8.3m $8.3m 0.02% Added +31.2k +31,241
84 Kovack Advisors, Inc. 0.45% of their portfolio FT. LAUDERDALE, FL 342,440342.4k $8.4m $8.4m 0.45% Reduced -4.2k -4,169
85 PARSONS CAPITAL MANAGEMENT INC/RI 0.35% of their portfolio PROVIDENCE, RI 318,118318.1k $7.8m $7.8m 0.35% Reduced -2.5k -2,500
86 WADDELL & ASSOCIATES, LLC 0.40% of their portfolio MEMPHIS, TN 289,832289.8k $7.1m $7.1m 0.40% Reduced -45.6k -45,613
87 Euro Pacific Asset Management, LLC 0.65% of their portfolio DORADO, PR 285,584285.6k $6.6m $6.6m 0.65% Reduced -21.6k -21,553
88 J.W. COLE ADVISORS, INC. 0.22% of their portfolio TAMPA, FL 265,800265.8k $6.5m $6.5m 0.22% Reduced -10.9k -10,898
89 HOHIMER WEALTH MANAGEMENT, LLC 0.78% of their portfolio SEATTLE, WA 262,554262.6k $6.4m $6.4m 0.78% Added +33.7k +33,705
90 Hunting Hill Global Capital, LLC 7.34% of their portfolio New York, NY 252,248252.2k $6.2m $6.2m 7.34% New
91 Pine Valley Investments Ltd Liability Co 0.29% of their portfolio MARLTON, NJ 240,335240.3k $5.9m $5.9m 0.29% Reduced -124.7k -124,728
92 GREAT VALLEY ADVISOR GROUP, INC. 0.10% of their portfolio WILMINGTON, DE 228,424228.4k $5.6m $5.6m 0.10% Reduced -15.4k -15,360
93 SIG North Trading, ULC 1.11% of their portfolio Bala Cynwyd, PA 226,976227.0k $5.5m $5.5m 1.11% Added +139.8k +139,790
94 Fielder Capital Group LLC 1.20% of their portfolio NASHVILLE, TN 226,262226.3k $5.5m $5.5m 1.20% Reduced -213.1k -213,117
95 New Harbor Financial Group, LLC 1.00% of their portfolio WORCESTER, MA 225,353225.4k $5.5m $5.5m 1.00% Reduced -36.5k -36,470
96 Regency Capital Management Inc.\DE 2.45% of their portfolio HONOLULU, HI 224,780224.8k $5.5m $5.5m 2.45% Reduced -4.2k -4,194
97 Knoll Capital Management, LLC 2.87% of their portfolio MIAMI, FL 222,160222.2k $5.4m $5.4m 2.87% New
98 SeaCrest Wealth Management, LLC 0.57% of their portfolio PURCHASE, NY 217,563217.6k $5.3m $5.3m 0.57% Reduced -50.1k -50,128
99 K.J. Harrison & Partners Inc 0.87% of their portfolio TORONTO, A6 215,968216.0k $5.3m $5.3m 0.87% Reduced -497.7k -497,654
100 Mariner, LLC 0.01% of their portfolio Overland Park, KS 214,122214.1k $5.2m $5.2m 0.01% Added +19.6k +19,622