BlackRock, Inc. ownership in PSLV / Sprott Physical Silver Trust

Sprott 물리적 실버 트러스트

US ˙ ARCA ˙ CA85207K1075

Security	PSLV / Sprott Physical Silver Trust
Institution	BlackRock, Inc.
Latest Disclosed Ownership	23,790,059 shares
Ownership	4.90%

2024-03-07 - BlackRock, Inc. has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 23,790,059 shares of Sprott Physical Silver Trust (US:PSLV). This represents 4.9 percent ownership of the company. In their previous filing dated 2024-02-14 , BlackRock, Inc. had reported owning 25,039,733 shares, indicating a decrease of -4.99 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File Date	Effective Date	Form	Prev Shares	Latest Shares	ΔShares (Percent)	Ownership (Percent)	ΔOwnership (Percent)
2024-03-07	2024-03-07	13G	25,039,733	23,790,059	-4.99	4.90	-3.92
2024-02-14	2024-02-14	13G/A		25,039,733		5.10

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-13	2026-03-31	13F	SPROTT ASSET MANAGEMENT	PHYSICAL SILVER	85207K107	10,970,633	-7,546,444	-40.75	267,574	-38.90	0.0047
2026-02-12	2025-12-31	13F	SPROTT ASSET MANAGEMENT	PHYSICAL SILVER	85207K107	18,517,077	-4,320,467	-18.92	437,929	22.14	0.0074
2025-11-12	2025-09-30	13F	SPROTT ASSET MANAGEMENT	PHYSICAL SILVER	85207K107	22,837,544	1,511,369	7.09	358,549	37.36	0.0063
2025-08-12	2025-06-30	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	21,326,175	-4,497,813	-17.42	261,032	-12.86	0.0050
2025-05-02	2025-03-31	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	25,823,988	1,025,711	4.14	299,558	25.18	0.0063
2025-02-07	2024-12-31	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	24,798,277	847,885	3.54	239,303	-4.39	0.0048
2024-11-13	2024-09-30	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	23,950,392	1,077,652	4.71	250,282	10.19	0.0053
2024-08-13	2024-06-30	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	22,872,740	-1,240,077	-5.14	227,126	13.62	0.0051
2024-05-10	2024-03-31	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	24,112,817	-926,916	-3.70	199,895	-1.20	0.0047
2024-02-13	2023-12-31	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	25,039,733	4,561,246	22.27	202,321	30.34	0.0052
2023-11-13	2023-09-30	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	20,478,487	-1,201,298	-5.54	155,227	-8.09	0.0045
2023-08-11	2023-06-30	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	21,679,785	1,091,550	5.30	168,886	-1.64	0.0047
2023-05-12	2023-03-31	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	20,588,235	11,411,197	124.35	171,706	127.07	0.0051
2023-02-13	2022-12-31	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	9,177,038	9,177,038		75,619		0.0024
2019-05-09	2019-03-31	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	0	-270	-100.00	0	-100.00
2019-02-08	2018-12-31	13F	SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	270	270		2		0.0000

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.