iShares Silver Trust
MX ˙ BMV ˙ US46428Q1094
SecurityMX:SLV / iShares Silver Trust
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership318,468 shares
Latest Disclosed Value $ 21,700,410
Baird Financial Group, Inc. reports 42.66% decrease in ownership of SLV / iShares Silver Trust

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 318,468 shares of iShares Silver Trust (MX:SLV) valued at $21,700,410 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 555,425 shares of iShares Silver Trust. This represents a change in shares of -42.66% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F ISHARES SILVER TR ISHARES 46428Q109 318,468 -236,957 -42.66 21,700 -39.35 0.0339
2026-02-13 2025-12-31 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 555,425 -145,179 -20.72 35,780 20.54 0.0558
2025-11-13 2025-09-30 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 700,604 -5,812 -0.82 29,685 28.08 0.0477
2025-08-13 2025-06-30 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 706,416 -34,084 -4.60 23,178 1.00 0.0406
2025-05-15 2025-03-31 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 740,500 -10,072 -1.34 22,948 16.12 0.0442
2025-02-14 2024-12-31 13F ISHARES SILVER TRUST COMMON 46428Q109 750,572 -8,039 -1.06 19,763 -8.31 0.0378
2024-11-14 2024-09-30 13F ISHARES SILVER TRUST COMMON 46428Q109 758,611 -195,766 -20.51 21,552 -15.01 0.0419
2024-08-14 2024-06-30 13F ISHARES SILVER TRUST COMMON 46428Q109 954,377 -33,590 -3.40 25,358 12.82 0.0526
2024-05-14 2024-03-31 13F ISHARES SILVER TRUST COMMON 46428Q109 987,967 -132,025 -11.79 22,476 -7.86 0.0471
2024-02-14 2023-12-31 13F ISHARES SILVER TRUST COMMON 46428Q109 1,119,992 -163,845 -12.76 24,393 -6.59 0.0556
2023-11-13 2023-09-30 13F ISHARES SILVER TRUST COMMON 46428Q109 1,283,837 -32,731 -2.49 26,113 -5.05 0.0712
2023-08-11 2023-06-30 13F ISHARES SILVER TRUST COMMON 46428Q109 1,316,568 153,911 13.24 27,503 6.94 0.0726
2023-05-15 2023-03-31 13F ISHARES SILVER TRUST COMMON 46428Q109 1,162,657 9,849 0.85 25,718 102,768.00 0.0634
2023-02-13 2022-12-31 13F ISHARES SILVER TRUST COMMON 46428Q109 1,152,808 28,523 2.54 25 -99.87 0.0668
2022-11-15 2022-09-30 13F ISHARES SILVER TRUST COMMON 46428Q109 1,124,285 2,474 0.22 19,675 -5.91 0.0580
2022-08-08 2022-06-30 13F ISHARES SILVER TRUST COMMON 46428Q109 1,121,811 26,655 2.43 20,911 -16.55 0.0580
2022-05-13 2022-03-31 13F ISHARES SILVER TRUST COMMON 46428Q109 1,095,156 140,797 14.75 25,057 22.06 0.0619
2022-02-09 2021-12-31 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 954,359 9,783 1.04 20,528 5.91 0.0480
2021-11-12 2021-09-30 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 944,576 20,743 2.25 19,382 -13.38 0.0496
2021-08-11 2021-06-30 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 923,833 16,734 1.84 22,375 8.66 0.0582
2021-05-13 2021-03-31 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 907,099 37,058 4.26 20,592 -3.67 0.0578
2021-02-11 2020-12-31 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 870,041 84,484 10.75 21,377 25.75 0.0639
2020-11-12 2020-09-30 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 785,557 656,827 510.24 17,000 676.26 0.0582
2020-10-22 2020-06-30 13F/A-1 ISHARES SILVER TR ISHARES COMMON 46428Q109 128,730 -5,341 -3.98 2,190 25.14 0.0082
2020-08-14 2020-06-30 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 140,782 6,711 2,357 4,671.0385
2020-05-14 2020-03-31 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 134,071 5,669 4.42 1,750 -18.30 0.0080
2020-02-14 2019-12-31 13F ISHARES SILVER TR ISHARES COMMON 46428Q109 128,402 17,915 16.21 2,142 21.77 0.0077
2019-11-14 2019-09-30 13F I SHARES SILVER TR ETF Common 46428Q109 110,487 -12,296 -10.01 1,759 -0.06 0.0069
2019-08-14 2019-06-30 13F I SHARES SILVER TR ETF COMMON 46428Q109 122,783 94,248 330.29 1,760 334.57 0.0068
2019-05-14 2019-03-31 13F ISHARES SILVER TRUST COMMON 46428Q109 28,535 -875 -2.98 405 -5.15 0.0024
2019-02-14 2018-12-31 13F ISHARES SILVER TRUST COMMON 46428Q109 29,410 -160,021 -84.47 427 -83.45 0.0029
2018-11-13 2018-09-30 13F ISHARES SILVER TRUST COMMON 46428Q109 189,431 -5,381 -2.76 2,580 -12.57 0.0162
2018-08-13 2018-06-30 13F ISHARES SILVER TRUST COMMON 46428Q109 194,812 2,172 1.13 2,951 -0.61 0.0200
2018-05-14 2018-03-31 13F ISHARES SILVER TRUST COMMON 46428Q109 192,640 -8,881 -4.41 2,969 -7.85 0.0209
2018-02-09 2017-12-31 13F ISHARES SILVER TRUST COMMON 46428Q109 201,521 -2,495 -1.22 3,222 0.34 0.0228
2017-11-14 2017-09-30 13F ISHARES SILVER TRUST COMMON 46428Q109 204,016 -7,396 -3.50 3,211 -3.31 0.0242
2017-08-14 2017-06-30 13F ISHARES SILVER TRUST COMMON 46428Q109 211,412 -1,292 -0.61 3,321 -9.48 0.0260
2017-06-19 2017-03-31 13F/A-1 ISHARES SILVER TRUST COMMON 46428Q109 212,704 41,412 24.18 3,669 41.77 0.0297
2017-05-09 2017-03-31 13F ISHARES SILVER TRUST COMMON 46428Q109 212,704 3,669
2017-02-10 2016-12-31 13F ISHARES SILVER TRUST COMMON 46428Q109 171,292 55,846 48.37 2,588 23.18 0.0225
2016-11-10 2016-09-30 13F ISHARES SILVER TRUST COMMON 46428Q109 115,446 -11,435 -9.01 2,101 -8.21 0.0188
2016-08-11 2016-06-30 13F ISHARES SILVER TRUST COMMON 46428Q109 126,881 68,226 116.32 2,289 165.85 0.0210
2016-05-12 2016-03-31 13F ISHARES SILVER TRUST ETF - E 46428Q109 58,655 7,174 13.94 861 26.80 0.0082
2016-02-11 2015-12-31 13F ISHARES SILVER TRUST COMMON 46428Q109 51,481 -32,073 -38.39 679 -41.42 0.0068
2015-11-12 2015-09-30 13F ISHARES SILVER TRUST COMMON 46428Q109 83,554 -6,071 -6.77 1,159 -13.96 0.0123
2015-08-14 2015-06-30 13F ISHARES SILVER TRUST COMMON 46428Q109 89,625 89,625 1,347 0.0133
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.