SPROTT FDS TR SLVR
SILVER MINERS · ETP · CUSIP 85208P873
89
institutional holders
-12 vs Q1 2026
1.6m
shares reported held*
$79.3mreported value*
13 new
28 added
23 reduced
23 sold out
net sold ≈ $28.1m (-555.4k 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 ($153.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.11. Options: 4 managers hold calls ($30.8m notional), 3 hold puts ($5.6m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2025 | 13 |
| Q2 2025 | 33 |
| Q3 2025 | 50 |
| Q4 2025 | 80 |
| Q1 2026 | 101 |
| Q2 2026 | 89 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2025 | 27 | 6 |
| Q3 2025 | 38 | 9 |
| Q4 2025 | 58 | 17 |
| Q1 2026 | 75 | 30 |
| Q2 2026 | 41 | 46 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.5m | $1.6m | 0.62 |
| Q4 2025 | $3.1m | $7.7m | 2.49 |
| Q1 2026 | $67.1m | $7.6m | 0.11 |
| Q2 2026 | $30.8m | $5.6m | 0.18 |
Biggest buyers
| Cambridge Investment Research Advisors, Inc. | Added | +67.5k |
| STIFEL FINANCIAL CORP | Added | +44.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +42.5k |
| GTS SECURITIES LLC | Added | +36.0k |
| Dakota Wealth Management | New | +28.7k |
| GROUP ONE TRADING LLC | New | +12.8k |
| Pine Valley Investments Ltd Liability Co | Added | +9.0k |
| TWO SIGMA SECURITIES, LLC | New | +7.5k |
| 180 WEALTH ADVISORS, LLC | Added | +7.2k |
| LPL Financial LLC | Added | +6.7k |
Biggest sellers
| Belvedere Trading LLC | Sold out | -378.9k |
| JANE STREET GROUP, LLC | Reduced | -133.3k |
| UBS Group AG | Reduced | -108.8k |
| COMMONWEALTH EQUITY SERVICES, LLC | Reduced | -76.5k |
| SIMPLEX TRADING, LLC | Reduced | -67.8k |
| Y-Intercept (Hong Kong) Ltd | Sold out | -16.3k |
| TORONTO DOMINION BANK | Reduced | -15.6k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -9.7k |
| B. Riley Wealth Advisors, Inc. | Reduced | -8.2k |
| Scientech Research LLC | Sold out | -6.2k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $25.0m499.1k shares |
| JANE STREET GROUP, LLC | Reduced | $3.2m62.8k shares |
| Belvedere Trading LLC | Added | $2.5m49.5k shares |
| B. Riley Wealth Advisors, Inc. | Reduced | $139.8k2.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $2.7m54.5k shares |
| JANE STREET GROUP, LLC | Added | $2.6m52.4k shares |
| Belvedere Trading LLC | Reduced | $250.9k5.0k 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.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 137.8k $6.9m | Added +44.3k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 118.7k $6.0m | Added +4.9k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 115.8k $5.8m | Added +67.5k |
| LPL Financial LLC 0.00% of their portfolio | 107.0k $5.4m | Added +6.7k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 93.0k $4.7m | Reduced -133.3k |
| UBS Group AG 0.00% of their portfolio | 87.4k $4.4m | Reduced -108.8k |
| GTS SECURITIES LLC 0.09% of their portfolio | 82.3k $4.1m | Added +36.0k |
| Cetera Investment Advisers 0.00% of their portfolio | 72.6k $3.6m | Reduced -141 |
| Pine Valley Investments Ltd Liability Co 0.12% of their portfolio | 58.3k $2.9m | Added +9.0k |
| Holcombe Financial, Inc. 1.49% of their portfolio | 52.5k $2.6m | Added +2.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 50.7k $2.5m | Added +42.5k |
| SCOTIA CAPITAL INC. 0.01% of their portfolio | 43.5k $2.2m | Unchanged |
| SPWM Advisors LLC 1.38% of their portfolio | 31.8k $1.5m | Added +3.7k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 30.4k $1.5m | Unchanged |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 30.3k $1.5m | Added +1.9k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 30.1k $1.5m | Reduced -76.5k |
| Dakota Wealth Management 0.03% of their portfolio | 28.7k $1.4m | New |
| 180 WEALTH ADVISORS, LLC 0.13% of their portfolio | 26.1k $1.3m | Added +7.2k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 22.9k $1.2m | Added +6.7k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 21.9k $1.1m | Reduced -1.4k |
| PARSONS CAPITAL MANAGEMENT INC/RI 0.05% of their portfolio | 20.5k $1.0m | Added +914 |
| SIMPLEX TRADING, LLC 0.03% of their portfolio | 19.6k $984.1k | Reduced -67.8k |
| SPROTT INC. 0.03% of their portfolio | 17.4k $871.3k | Added +6.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 17.2k $865.8k | Reduced -9.7k |
| IMC-Chicago, LLC 0.01% of their portfolio | 13.0k $653.0k | Added +2.7k |
| GROUP ONE TRADING LLC 0.02% of their portfolio | 12.8k $643.9k | New |
| Prasad Wealth Partners, LLC 0.15% of their portfolio | 12.5k $626.9k | Unchanged |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 12.0k $600.8k | Reduced -3.5k |
| DAVENPORT & Co LLC 0.00% of their portfolio | 11.0k $550.9k | Added +3.4k |
| Allied Private Wealth LLC 0.30% of their portfolio | 9.8k $469.9k | First filing |
| TRANSCEND CAPITAL ADVISORS, LLC 0.03% of their portfolio | 9.1k $458.2k | Reduced -1.4k |
| MORGAN STANLEY 0.00% of their portfolio | 9.0k $451.7k | Added +729 |
| Hara Capital LLC 0.24% of their portfolio | 8.9k $446.6k | Unchanged |
| AdvisorNet Financial, Inc 0.02% of their portfolio | 8.6k $432.2k | Added +190 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 8.5k $428.0k | Added +3.0k |
| Tidal Investments LLC 0.00% of their portfolio | 8.4k $421.9k | Added +50 |
| PFG Investments, LLC 0.02% of their portfolio | 8.4k $420.4k | Added +455 |
| Cannell & Spears LLC 0.01% of their portfolio | 8.0k $401.5k | Unchanged |
| TWO SIGMA SECURITIES, LLC 0.03% of their portfolio | 7.5k $378.0k | New |
| Sanctuary Advisors, LLC 0.00% of their portfolio | 7.2k $360.7k | Reduced -190 |
| INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio | 7.1k $354.7k | Added +1.8k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 7.0k $349.7k | Reduced -15.6k |
| AE Wealth Management LLC 0.00% of their portfolio | 6.8k $342.1k | Reduced -288 |
| Cedrus Wealth Group LLC 0.29% of their portfolio | 6.7k $333.8k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 6.6k $330.7k | Reduced -137 |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 6.1k $304.4k | Reduced -371 |
| Plan Group Financial, LLC 0.06% of their portfolio | 6.0k $301.1k | Reduced -2.0k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 4.8k $238.6k | New |
| INSIGNEO ADVISORY SERVICES, LLC 0.01% of their portfolio | 4.7k $237.8k | New |
| Kovack Advisors, Inc. 0.01% of their portfolio | 4.6k $231.5k | Reduced -1.1k |
| HRT FINANCIAL LP 0.00% of their portfolio | 4.5k $225.0k | Reduced -1.5k |
| OneDigital Investment Advisors LLC 0.00% of their portfolio | 4.4k $223.2k | Unchanged |
| Financial Enhancement Group LLC 0.03% of their portfolio | 4.3k $217.5k | Unchanged |
| Prospera Financial Services Inc 0.00% of their portfolio | 4.3k $216.9k | Unchanged |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 4.3k $215.7k | Unchanged |
| Ameritas Advisory Services, LLC 0.00% of their portfolio | 3.4k $172.7k | New |
| Crewe Advisors LLC 0.01% of their portfolio | 3.1k $154.1k | New |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 3.0k $153.4k | Unchanged |
| B. Riley Wealth Advisors, Inc. 0.01% of their portfolio | 2.8k $139.8k | Reduced -8.2k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 2.8k $139.8k | Added +21 |
| EFG International AG 0.00% of their portfolio | 2.6k $128.5k | Unchanged |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 2.3k $114.3k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.6k $81.5k | Added +193 |
| Banque Cantonale Vaudoise 0.00% of their portfolio | 1.3k $67.0k | Reduced -178 |
| IFP Advisors, Inc 0.00% of their portfolio | 1.3k $62.8k | Reduced -411 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 1.2k $60.7k | New |
| Beaird Harris Wealth Management, LLC 0.00% of their portfolio | 780 $39.1k | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 776 $39.0k | Added +677 |
| SWAN Capital LLC 0.01% of their portfolio | 720 $36.1k | Unchanged |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 676 $33.9k | Unchanged |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 504 $25.4k | Added +274 |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 402 $20.2k | Reduced -1.0k |
| Stonehage Fleming Financial Services Holdings Ltd 0.00% of their portfolio | 363 $18.2k | Added +168 |
| Atlatl Advisers LLC 0.00% of their portfolio | 350 $17.6k | New |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 326 $16.4k | Unchanged |
| MCGUIRE CAPITAL ADVISORS INC 0.01% of their portfolio | 320 $16.1k | Unchanged |
| Continuum Advisory, LLC 0.00% of their portfolio | 315 $15.8k | New |
| CoreCap Advisors, LLC 0.00% of their portfolio | 269 $13.5k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 215 $10.8k | Reduced -2.3k |
| CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio | 193 $9.7k | Added +68 |
| Global Retirement Partners, LLC 0.00% of their portfolio | 155 $7.8k | First filing |
| SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio | 150 $7.5k | Unchanged |
| Ameliora Wealth Management Ltd. 0.00% of their portfolio | 143 $7.2k | New |
| FMR LLC 0.00% of their portfolio | 48 $2.4k | Reduced -2 |
| SHP Wealth Management 0.00% of their portfolio | 28 $1.4k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 25 $1.3k | Unchanged |
| TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio | 25 $1.3k | Unchanged |
| Bogart Wealth, LLC 0.00% of their portfolio | 22 $1.1k | Unchanged |
| Synergy Investment Management, LLC 0.00% of their portfolio | 15 $753 | Unchanged |