iShares Silver Trust
MX ˙ BMV ˙ US46428Q1094
SecurityMX:SLV / iShares Silver Trust
InstitutionMarathon Capital Management
Latest Disclosed Ownership6,872 shares
Latest Disclosed Value $ 468,258
Marathon Capital Management reports 45.13% decrease in ownership of SLV / iShares Silver Trust

On May 14, 2026 - Marathon Capital Management filed a 13F-HR form disclosing ownership of 6,872 shares of iShares Silver Trust (MX:SLV) valued at $468,258 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 12,525 shares of iShares Silver Trust. This represents a change in shares of -45.13% 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 6,872 -5,653 -45.13 468 -41.94 0.1052
2026-01-29 2025-12-31 13F ISHARES SILVER TR ISHARES 46428Q109 12,525 -165 -1.30 807 50.09 0.1736
2025-11-14 2025-09-30 13F ISHARES SILVER TR ISHARES 46428Q109 12,690 -250 -1.93 538 26.65 0.1230
2025-08-14 2025-06-30 13F ISHARES SILVER TR ISHARES 46428Q109 12,940 -100 -0.77 425 4.95 0.1081
2025-05-15 2025-03-31 13F ISHARES SILVER TR ISHARES 46428Q109 13,040 -650 -4.75 404 12.22 0.1076
2025-02-14 2024-12-31 13F ISHARES SILVER TR ISHARES 46428Q109 13,690 0 0.00 360 -7.22 0.0900
2024-11-14 2024-09-30 13F ISHARES SILVER TR ISHARES 46428Q109 13,690 -50 -0.36 389 6.30 0.0943
2024-08-14 2024-06-30 13F ISHARES SILVER TR ISHARES 46428Q109 13,740 -1,050 -7.10 365 8.63 0.0930
2024-05-15 2024-03-31 13F ISHARES SILVER TR ISHARES 46428Q109 14,790 -1,960 -11.70 336 -7.69 0.0803
2024-02-14 2023-12-31 13F/A-1 ISHARES SILVER TR ISHARES 46428Q109 16,750 200 1.21 365 8.33 0.0917
2024-02-08 2023-12-31 13F ISHARES SILVER TR ISHARES 46428Q109 16,750 200 365 0.0917
2023-11-14 2023-09-30 13F ISHARES SILVER TR ISHARES 46428Q109 16,550 150 0.91 337 -1.75 0.0847
2023-08-15 2023-06-30 13F/A-1 ISHARES SILVER TR ISHARES 46428Q109 16,400 -1,000 -5.75 343 -10.94 0.0846
2023-08-14 2023-06-30 13F ISHARES SILVER TR ISHARES 46428Q109 16,400 -1,000 343 0.0830
2023-05-12 2023-03-31 13F ISHARES SILVER TR ISHARES 46428Q109 17,400 -400 -2.25 385 -1.79 0.0947
2023-02-14 2022-12-31 13F ISHARES SILVER TR ISHARES 46428Q109 17,800 0 0.00 392 25.32 0.1080
2022-11-14 2022-09-30 13F Ishares Silver TRUST ISHARES 46428Q109 17,800 0 0.00 312 -6.02 0.0891
2022-08-12 2022-06-30 13F Ishares Silver TRUST ISHARES 46428Q109 17,800 0 0.00 332 -18.43 0.1072
2022-05-13 2022-03-31 13F Ishares Silver TRUST ISHARES 46428Q109 17,800 0 0.00 407 6.27 0.1168
2022-02-09 2021-12-31 13F Ishares Silver TRUST ISHARES 46428Q109 17,800 0 0.00 383 4.64 0.0897
2021-11-15 2021-09-30 13F Ishares Silver TRUST ISHARES 46428Q109 17,800 0 0.00 366 -15.08 0.0831
2021-08-16 2021-06-30 13F Ishares Silver TRUST ISHARES 46428Q109 17,800 -1,000 -5.32 431 1.17 0.0998
2021-05-14 2021-03-31 13F Ishares Silver TRUST ISHARES 46428Q109 18,800 0 0.00 426 -7.59 0.1123
2021-02-08 2020-12-31 13F Ishares Silver TRUST ISHARES 46428Q109 18,800 0 0.00 461 13.55 0.1359
2020-11-16 2020-09-30 13F Ishares Silver TRUST ISHARES 46428Q109 18,800 -500 -2.59 406 23.78 0.1478
2020-08-14 2020-06-30 13F Ishares Silver TRUST ISHARES 46428Q109 19,300 -500 -2.53 328 27.13 0.1260
2020-05-15 2020-03-31 13F Ishares Silver TRUST ISHARES 46428Q109 19,800 0 0.00 258 -21.82 0.1185
2020-02-14 2019-12-31 13F Ishares Silver TRUST ISHARES 46428Q109 19,800 19,800 330 0.1122
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.