Sprott Physical Silver Trust

PSLV • ARCA

Sprott Physical Silver Trust is a publicly traded company on ARCA. As of Q3 2025, 392 institutional investors hold shares in this company, with total holdings valued at $2.1B. BlackRock, Inc. is the largest holder with a position valued at $358.5M.

Websitesprott.com

Overview

Overview of institutional ownership in PSLV as of Q3 2025

All Institutions

Institutions: 392
Value Held: $2.1B
Shares Held: 133.2M
Avg Position: $5.3M
Median Position: $592.8K

Hedge Funds

Hedge Funds: 7
Value Held: $94.6M
Shares Held: 6.0M
Avg Position: $13.5M
Median Position: $5.9M

Biggest Investors

Institutions with the largest positions in PSLV as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$358.5M 0.01% of portfolio	0.00% 22.8M shares	Q4 2022 Held for 2y 11m	$5.67T
Federation des caisses Desjardins du Quebec Fund of Funds	Neil David Blundell CIO	$257.7M 1.01% of portfolio	0.00% 16.4M shares	Q1 2017 Held for 8y 8m	$25.4B
JUPITER ASSET MANAGEMENT LTD Long Only Manager	Matthew Charles Beesley CEO	$153.6M 1.32% of portfolio	0.00% 9.8M shares	Q4 2022 Held for 2y 11m	$11.6B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$69.2M 0.00% of portfolio	0.00% 4.4M shares	Q4 2022 Held for 2y 11m	$1.65T
Polar Securities Inc. Hedge Fund•Multi-Strategy	Richard Gregory Lemaich CEO	$54.0M 1.61% of portfolio	0.00% 3.4M shares	Q4 2022 Held for 2y 11m	$3.4B
A ALPS ADVISORS INC ETF Provider	Laton Andrew Spahr President	$47.9M 0.27% of portfolio	0.00% 3.1M shares	Q1 2025 Held for 8 months	$18.0B
L LPL Financial LLC Institution	-	$47.4M 0.01% of portfolio	0.00% 3.0M shares	Q4 2022 Held for 2y 11m	$340.07B
Capital Wealth Alliance, LLC RIA/Wealth	Robert D Wong Managing Partner	$38.7M 19.22% of portfolio	0.00% 2.5M shares	Q4 2022 Held for 2y 11m	$201.2M
3EDGE Asset Management, LP Long Only Manager	Stephen Joseph Cucchiaro CEO	$34.4M 1.98% of portfolio	0.00% 2.2M shares	Q3 2025 Held for 2 months	$1.7B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$34.0M 0.01% of portfolio	0.00% 2.2M shares	Q4 2022 Held for 2y 11m	$488.50B

Net Capital Flow

Institutional buying and selling activity for PSLV in Q3 2025

Traded: +$148.9M
Buyers: 196
Sellers: 96
Total Bought: +$272.9M
Total Sold: −$124.0M
Avg Position: $5.0M

Biggest Buyers

Institution	Net Bought	Current Position
JUPITER ASSET MANAGEMENT LTD Long Only Manager	+$34.5M +2.2M shares	$153.6M 9.8M shares
3EDGE Asset Management, LP Long Only Manager	+$34.4M +2.2M shares	$34.4M 2.2M shares
A ALPS ADVISORS INC ETF Provider	+$26.0M +1.7M shares	$47.9M 3.1M shares
B BlackRock, Inc. Institution	+$23.7M +1.5M shares	$358.5M 22.8M shares
Beacon Pointe Advisors, LLC RIA/Wealth	+$17.4M +1.1M shares	$19.9M 1.3M shares
MORGAN STANLEY RIA/Wealth	+$10.6M +676.9K shares	$69.2M 4.4M shares
GOLDMAN SACHS GROUP INC Institution	+$8.9M +568.0K shares	$8.9M 568.0K shares
W WIT Partners Advisory Pte. Ltd. Institution	+$7.8M +524.1K shares	$7.8M 524.1K shares
Federation des caisses Desjardins du Quebec Fund of Funds	+$7.4M +470.3K shares	$257.7M 16.4M shares
WELLS FARGO & COMPANY/MN Institution	+$6.1M +391.3K shares	$34.0M 2.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
J JANE STREET GROUP, LLC Institution	−$65.1M −4.1M shares	$25.5M 1.6M shares
WEALTHCARE CAPITAL MANAGEMENT, INC. RIA/Wealth	−$16.4M −1.0M shares	$22.0M 1.4M shares
UBS Group AG Institution	−$6.7M −427.4K shares	$163.3K 10.4K shares
WINNOW WEALTH LLC RIA/Wealth	−$6.5M −530.4K shares	Sold Off 0 shares
L LM Asset Inc. Institution	−$4.0M −330.0K shares	Sold Off 0 shares
Spire Wealth Management RIA/Wealth	−$3.0M −188.2K shares	$50.0K 3.2K shares
Kestra Advisory Services, LLC RIA/Wealth	−$1.8M −117.8K shares	$17.1M 1.1M shares
Gradient Investments LLC RIA/Wealth	−$1.8M −116.4K shares	$2.9M 183.4K shares
Puplava Financial Services, Inc. RIA/Wealth	−$1.5M −97.9K shares	$5.0M 319.0K shares
Sigma Planning Corp RIA/Wealth	−$1.3M −82.2K shares	$239.5K 15.3K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PSLV in Q3 2025

New Positions: 37
New Value: $69.2M
Exited Positions: 21
Exited Value: $13.8M

New Positions

Institution	Position Value
3EDGE Asset Management, LP Long Only Manager	$34.4M 2.2M shares
W WIT Partners Advisory Pte. Ltd. Institution	$7.8M 524.1K shares
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short	$5.9M 375.0K shares
ABBINGTON INVESTMENT GROUP RIA/Wealth	$4.2M 266.6K shares
Proactive Wealth Strategies LLC RIA/Wealth	$4.1M 259.1K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$2.3M 144.4K shares
E Exit Wealth Advisors, LLC. RIA/Wealth	$2.0M 127.6K shares
S SPIREPOINT PRIVATE CLIENT, LLC RIA/Wealth	$1.6M 98.8K shares
O OneAscent Financial Services LLC RIA/Wealth	$1.1M 69.7K shares
C Carnegie Lake Advisors LLC RIA/Wealth	$985.2K 62.8K shares

Exited Positions

Institution	Previous Position
WINNOW WEALTH LLC RIA/Wealth	$6.5M 530.4K shares
L LM Asset Inc. Institution	$4.0M 330.0K shares
C CLAUDIA M.P. BATLLE, CRP LLC RIA/Wealth	$841.8K 68.8K shares
Eqis Capital Management, Inc. RIA/Wealth	$488.4K 39.9K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	$467.4K 38.2K shares
Buckingham Strategic Partners RIA/Wealth	$322.2K 26.3K shares
Mutual Advisors, LLC RIA/Wealth	$296.2K 22.9K shares
Crown Wealth Group, LLC RIA/Wealth	$201.1K 16.4K shares
WHITTIER TRUST CO OF NEVADA INC RIA/Wealth	$162.8K 13.3K shares
Brookwood Investment Group LLC RIA/Wealth	$153.0K 12.5K shares

Options Activity

Institutions with the largest Call and Put options positions in PSLV as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with PSLV as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Capital Wealth Alliance, LLC RIA/Wealth	Robert D Wong Managing Partner	19.22% $38.7M	0.00% 2.5M shares	Q4 2022 Held for 2y 11m	$201.2M
Basepoint Wealth LLC RIA/Wealth	William Allen Wallace CIO	18.02% $25.4M	0.00% 1.6M shares	Q4 2021 Held for 3y 11m	$141.2M
MASON HILL ADVISORS LLC Hedge Fund•Value	Sean Michael Fieler President	12.49% $23.1M	0.00% 1.5M shares	Q4 2024 Held for 11 months	$185.2M
Accordant Advisory Group Inc RIA/Wealth	David Ritchie Mckee President	5.81% $8.5M	0.00% 543.5K shares	Q1 2024 Held for 1y 8m	$147.0M
Entruity Wealth, LLC RIA/Wealth	Bradley Calvin Barnes CEO	5.63% $7.3M	0.00% 462.4K shares	Q4 2024 Held for 11 months	$128.8M
Hurley Capital, LLC RIA/Wealth	Charles Howard Goldblum Managing Partner	4.33% $7.3M	0.00% 462.0K shares	Q4 2024 Held for 11 months	$167.4M
P PenderFund Capital Management Ltd. Institution	-	4.10% $10.4M	0.00% 665.0K shares	Q2 2025 Held for 5 months	$254.4M
ABBINGTON INVESTMENT GROUP RIA/Wealth	Grace Yuan Mei Toh Founder	3.58% $4.2M	0.00% 266.6K shares	Q3 2025 Held for 2 months	$116.8M
N Nokomis Capital, L.L.C. Hedge Fund•Long/Short	Kendall Katherine Lunney CFO	3.02% $8.3M	0.00% 531.1K shares	Q3 2023 Held for 2y 2m	$276.2M
W WIT Partners Advisory Pte. Ltd. Institution	-	2.90% $7.8M	0.00% 524.1K shares	Q3 2025 Held for 2 months	$269.5M

Hedge Fund Spotlight

Discover hedge funds investing in PSLV

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in Sprott Physical Silver Trust

Market Value: $1.3M
Shares Held: 83.8K
Portfolio Weight: 0.00%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%