At Holdings Channel, we have reviewed the latest batch of the 48 most recent 13F filings for the 12/31/2025 reporting period, and noticed that Ishares Silver Trust (Symbol: SLV) was held by 18 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.
Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in SLV positions, for this latest batch of 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000's) |
|---|---|---|---|
| CAP Partners LLC | Existing | UNCH | +$122 |
| Biltmore Family Office LLC | Existing | +1,000 | +$616 |
| Catalyst Financial Partners LLC | Existing | -3,360 | +$4 |
| Moneco Advisors LLC | Existing | +36,882 | +$3,157 |
| Maxele Advisors LLC | Existing | +2,105 | +$274 |
| Williams & Novak LLC | Existing | -3,259 | +$1,307 |
| Triton Wealth Management PLLC | NEW | +2,822 | +$182 |
| Avantax Planning Partners Inc. | Existing | +538 | +$291 |
| Petix & Botte Co | Existing | +828 | +$168 |
| Cornerstone Wealth Management LLC | Existing | -3,065 | +$2,045 |
| Granite Bay Wealth Management LLC | Existing | -37,244 | +$1,591 |
| PCG Wealth Advisors LLC | Existing | +10,638 | +$1,062 |
| Mesirow Financial Investment Management Inc. | NEW | +4,078 | +$263 |
| Pinnacle Associates Ltd. | Existing | +9,893 | +$850 |
| Clarion Wealth Managment Partners LLC | Existing | UNCH | +$131 |
| Simmons Bank | Existing | -25,586 | -$362 |
| Atria Investments Inc | Existing | +20,692 | +$1,565 |
| Navalign LLC | NEW | +380 | +$24 |
| Aggregate Change: | +17,342 | +$13,290 | |
In terms of shares owned, we count 8 of the above funds having increased existing SLV positions from 09/30/2025 to 12/31/2025, with 5 having decreased their positions and 3 new positions.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the SLV share count in the aggregate among all of the funds which held SLV at the 12/31/2025 reporting period (out of the 3,586 we looked at in total). We then compared that number to the sum total of SLV shares those same funds held back at the 09/30/2025 period, to see how the aggregate share count held by hedge funds has moved for SLV. We found that between these two periods, funds increased their holdings by 3,506,971 shares in the aggregate, from 37,508,177 up to 41,015,148 for a share count increase of approximately 9.35%. The overall top three funds holding SLV on 12/31/2025 were:
| » | Fund | Shares of SLV Held |
|---|---|---|
| 1. | UBS Group AG | 10,129,450 |
| 2. | SG Americas Securities LLC | 4,067,660 |
| 3. | Mainstay Capital Management LLC ADV | 1,824,479 |
| 4-10 | Find out the full Top 10 Hedge Funds Holding SLV | » |
We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Ishares Silver Trust (Symbol: SLV).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
