Which funds own SLV

Managers holding

1

at least, of 91 current

Combined value

$63m

as reported

Opened

0

new this quarter

Added to

1

already held

Trimmed or sold out

3

3 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

• Squarepoint Ops LLC · Multi-strategy$155m held before
• Brevan Howard Capital Management LP · Macro$2.0m held before
• GAMCO Investors Inc · Activist$200k held before

Reported as options rather than shares

A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.

• Susquehanna International Group LLP · calls$2.6bn notional
• Jane Street Group LLC · puts$1.9bn notional
• Jane Street Group LLC · calls$1.7bn notional
• Citadel Advisors LLC · calls$1.7bn notional
• Susquehanna International Group LLP · puts$1.4bn notional
• Citadel Advisors LLC · puts$800m notional
• Marshall Wace LLP · puts$290m notional
• Tudor Investment Corp · calls$113m notional
• Schonfeld Strategic Advisors LLC · calls$75m notional
• Tudor Investment Corp · puts$68m notional

What is inside it

Knowing who bought a fund is half the question. The other half is what the fund holds, which is the manager’s actual exposure rather than the wrapper they reached for.

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.