Based on 1451 hedge funds · latest filing: 2026 Q2 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their SLV positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊
High ownership — 92% of 3.0Y peak
92% of all-time peak
1,451 funds currently hold this stock — 92% of the 3.0-year high of 1,577 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀
Fast accumulation — +34% more funds vs a year ago
fund count last 6Q
+370 new funds entered over the past year (+34% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠
More sellers than buyers — 45% buying
646 buying792 selling
Last quarter: 792 funds reduced or exited vs 646 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️
Fewer new buyers each quarter (-121 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 219 → 426 → 253 → 132. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒
51% of holders stayed for 2+ years
■ 51% conviction (2yr+)
■ 25% medium
■ 24% new
746 out of 1,451 hedge funds have held SLV for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎
Buying through price weakness — shares -20%, value -38%
Last quarter: funds added -20% more shares while total portfolio value only changed -38%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊
Peak discovery — momentum slowing
169 → 219 → 426 → 253 → 132 new funds/Q
New funds entering each quarter: 219 → 426 → 253 → 132. SLV is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️
Veteran-anchored — 58% veterans vs 30% newcomers
■ 58% veterans
■ 13% 1-2yr
■ 30% new
Entry-cohort mix of 1,563 holders: 901 (58%) are 2+ year veterans, 196 entered 1–2 years ago, and 466 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆
Elite ownership — 55% AUM from top-100 funds
55% from top-100 AUM funds
39 of 1427 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in SLV. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.