Fund · Global X Silver Miners ETF · measured from SEC filings
SIL holdings
SIL reports 40 holdings and behaves like 11.5 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-07-31. The fact sheet publishes the first number; this page computes the second, and traces it across 27 quarters of filings.
Measured concentration
as of 2026-07-31Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 92.76% at a quoted market price (level 1), 7 issuer countries.
What stands out
as of 2026-07-31SIL's largest investment is Wheaton Precious Metals Corp at 22.3% of net assets. PAN American Silver Corp and Coeur Mining Inc follow; the three together are 41.72%. Ten companies are 74.27% of the fund; the other 30 share the rest. Among the 721 equity funds measured here, SIL behaves like 11.5 holdings against a median of 42.4 — 3.7 times more concentrated than the median. Across 27 quarterly filings SIL has held roughly steady since 2019-10-31 (11.4 then, 11 now). Between the 2026-01-31 and 2026-04-30 filings 0 positions were added and 1 dropped; 4.2% of the weight moved. the United States is the largest country at 63.97% of the portfolio, across 7 countries in the filing.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.
Every filing since 2019
27Between 2019-10-31 and 2026-04-30, SIL went from behaving like 11.4 equally weighted positions to 11 — 4% fewer, while its top ten went from 76.99% to 75.36% of net assets. Read across the funds on the concentration-over-time table.
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-04-30 | 38 | 11 | 75.36% | 22.39% |
| 2026-01-31 | 39 | 11.4 | 75.83% | 21.5% |
| 2025-10-31 | 38 | 13 | 76.69% | 16.99% |
| 2025-07-31 | 40 | 11.5 | 73.88% | 21.59% |
| 2025-04-30 | 33 | 9 | 78.37% | 26.44% |
| 2025-01-31 | 35 | 10.1 | 75.2% | 23.19% |
| 2024-10-31 | 35 | 10.5 | 73.31% | 22.98% |
| 2024-07-31 | 35 | 10.1 | 73.8% | 23.47% |
Earlier filings (19 more, back to 2019-10-31)
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2024-04-30 | 32 | 10.7 | 74.16% | 22.08% |
| 2024-01-31 | 33 | 11.1 | 74.77% | 21.86% |
| 2023-10-31 | 36 | 9.5 | 77.85% | 24.87% |
| 2023-07-31 | 37 | 10.9 | 74.34% | 22.02% |
| 2023-04-30 | 38 | 8.9 | 75.43% | 28.48% |
| 2023-01-31 | 34 | 9.8 | 75.94% | 26.04% |
| 2022-10-31 | 39 | 11.1 | 76.03% | 22.71% |
| 2022-07-31 | 40 | 11 | 74.13% | 22.52% |
| 2022-04-30 | 44 | 8.4 | 78.67% | 29.05% |
| 2022-01-31 | 42 | 10.5 | 74.32% | 24.39% |
| 2021-10-31 | 42 | 10.5 | 75.3% | 23.46% |
| 2021-07-31 | 41 | 10.3 | 75.82% | 23.87% |
| 2021-04-30 | 46 | 10.9 | 75.99% | 21.35% |
| 2021-01-31 | 42 | 12.1 | 74.75% | 18.82% |
| 2020-10-31 | 40 | 10.7 | 77.59% | 21.21% |
| 2020-07-31 | 27 | 10.6 | 77.99% | 21.51% |
| 2020-04-30 | 27 | 7.4 | 82.14% | 29.86% |
| 2020-01-31 | 25 | 10.3 | 77.07% | 23.23% |
| 2019-10-31 | 25 | 11.4 | 76.99% | 19.15% |
One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.
Largest positions, as filed
as of 2026-04-30The 15 largest of 40 positions in SIL's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: SIL.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | Wheaton Precious Metals Corp. | 22.39% | 22.4% |
| 2 | Pan American Silver Corp. | 12.21% | 34.6% |
| 3 | COEUR MINING, INC. | 7.29% | 41.9% |
| 4 | FIRST MAJESTIC SILVER CORP. | 5.49% | 47.4% |
| 5 | FRESNILLO PLC | 5.46% | 52.8% |
| 6 | HECLA MINING COMPANY | 5.06% | 57.9% |
| 7 | KOREA ZINC INC | 4.70% | 62.6% |
| 8 | INDUSTRIAS PENOLES, S.A.B. DE C.V. | 4.56% | 67.2% |
| 9 | SSR MINING INC. | 4.27% | 71.4% |
| 10 | Compania de Minas Buenaventura S.A.A. | 3.94% | 75.4% |
| 11 | OR Royalties Inc. | 3.82% | 79.2% |
| 12 | Discovery Silver Corp | 2.87% | 82.1% |
| 13 | FORTUNA MINING CORP. | 2.17% | 84.2% |
| 14 | SILVERCORP METALS INC. | 1.86% | 86.1% |
| 15 | ENDEAVOUR SILVER CORP. | 1.68% | 87.8% |
By country of issuer
as of 2026-04-30Share of SIL's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.
| Country | Share |
|---|---|
| United States | 58.56% |
| Canada | 24.93% |
| United Kingdom | 6.15% |
| South Korea | 4.70% |
| Mexico | 4.56% |
| Australia | 1.10% |
Returns the fund reported
2019-08 – 2026-04Monthly total returns from Item B.5 of SIL's own filings, 81 months on record. Not computed here and not from a price feed.
No compounded figure is shown. This site's two readings of SIL's monthly returns — the filed figures and a series computed from prices — differ by a median of 5.15 percentage points over 81 months, more than distributions explain. Which is wrong cannot be told from the filings; the others in the same position are listed here.
Who borrows SIL's shares
2026-07-31The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-07-31, $63m was out to 7 borrowers. The largest, BARCLAYS BANK PLC, held 55.7% of it.
| Borrower | On loan | Share of the loan |
|---|---|---|
| BARCLAYS BANK PLC | $35m | 55.7% |
| CITIGROUP GLOBAL MARKETS INC. | $16m | 25.9% |
| BofA Securities, Inc. | $7m | 11.7% |
| J.P. MORGAN SECURITIES PLC | $2m | 3.3% |
| GOLDMAN SACHS INTERNATIONAL | $2m | 3.2% |
The filing reports no cash collateral position against this loan. Collateral taken in a form the fund does not hold as a position does not appear in N-PORT, so this is silence rather than absence. What the collateral figure can and cannot show. Every quarter SIL has filed, with each borrower: SIL.json · all funds.
Since the previous filing
2026-01-31 → 2026-04-3039 positions became 38: 0 added (0.0% of the fund at the later date), 1 dropped (0.2% at the earlier date). Half the sum of all weight changes, a turnover proxy: 4.2%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of SIL compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-01-31 | 2026-04-30 | Largest decreases | 2026-01-31 | 2026-04-30 |
|---|---|---|---|---|---|
| SSR MINING INC. | 3.11% | 4.27% | KOREA ZINC INC | 5.47% | 4.70% |
| Wheaton Precious Metals Corp. | 21.50% | 22.39% | HECLA MINING COMPANY | 5.82% | 5.06% |
| Pan American Silver Corp. | 11.74% | 12.21% | FRESNILLO PLC | 5.80% | 5.46% |
| SILVERCORP METALS INC. | 1.44% | 1.86% | COEUR MINING, INC. | 7.64% | 7.29% |
| AbraSilver Resource Corp | 0.80% | 1.17% | INDUSTRIAS PENOLES, S.A.B. DE C.V. | 4.87% | 4.56% |
| Aya Gold & Silver Inc. | 1.30% | 1.50% | Vizsla Silver Corp. | 0.92% | 0.67% |
Gone: Dolly Varden Silver Corp (0.18%).
Asset categories and pricing
as of 2026-07-31| Asset category (as filed) | Share of investments |
|---|---|
| equity EC | 92.76% |
| debt DBT | 6.56% |
| repurchase agreement RA | 0.68% |
92.8% of SIL is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.
Neighbours by effective holdings, equity funds
10Every measured equity fund lined up by how many holdings it behaves like; these sit either side of SIL (11.5). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| EWK iShares MSCI Belgium ETF | 43 | 11.3 | 67.66% | 2026-05-31 |
| ARGT Global X MSCI Argentina ETF | 26 | 11.4 | 68.26% | 2026-07-31 |
| REZ iShares Residential and Multisector Real Estate ETF | 40 | 11.4 | 68.42% | 2026-06-30 |
| CGBL Capital Group Core Balanced ETF | 77 | 11.5 | 59.17% | 2026-06-30 |
| EIRL iShares MSCI Ireland ETF | 30 | 11.5 | 75.9% | 2026-05-31 |
| FCOM Fidelity MSCI Communication Services Index ETF | 89 | 11.7 | 71.07% | 2026-07-31 |
| RAAX VanEck Real Assets ETF | 126 | 11.7 | 56.45% | 2026-06-30 |
| PPH VanEck Pharmaceutical ETF | 25 | 11.7 | 73.08% | 2026-06-30 |
| EWP iShares MSCI Spain ETF | 25 | 11.8 | 73.78% | 2026-05-31 |
| IHI iShares U.S. Medical Devices ETF | 49 | 11.9 | 74.66% | 2026-06-30 |
Essays that examine SIL
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