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SPPP

Sprott Physical Platinum and Palladium Trust
SPPP

66 hedge funds and large institutions have $63.1M invested in Sprott Physical Platinum and Palladium Trust in 2025 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 5

168% more capital invested

Capital invested by funds: $23.5M → $63.1M (+$39.5M)

73% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 11

20% more funds holding

Funds holding: 55 → 66 (+11)

12.18% more ownership

Funds ownership: 12.22% → 24.4% (+12%)

Holders
66
Holders Change
+11
Holders Change %
+20%
% of All Funds
0.87%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
16
Increased
19
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PFCS
Pale Fire Capital SE
Czech Republic
+$11.9M
2
FCG
Fielder Capital Group
Tennessee
+$7.39M
3
Jane Street
Jane Street
New York
+$4.94M
4
Pictet Asset Management
Pictet Asset Management
Switzerland
+$2.4M
5
KAS
Kestra Advisory Services
Texas
+$1.78M

Top Sellers

Rank Fund Capital Flow
1
TF
Trek Financial
Arizona
-$982K
2
Stifel Financial
Stifel Financial
Missouri
-$826K
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$653K
4
MG
Marex Group
-$420K
5
FDCDDQ
Federation des caisses Desjardins du Quebec
Quebec, Canada
-$328K
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$487K -$38.7K -3,801 -8%
Cerity Partners
27
Cerity Partners
New York
$471K +$1.78K +175 +0.4%
HA
28
HC Advisors
Georgia
$454K +$13.9K +1,366 +4%
CS
29
Cannell & Spears
New York
$352K +$305K +30,000 New
FDCDDQ
30
Federation des caisses Desjardins du Quebec
Quebec, Canada
$345K -$328K -32,201 -52%
P
31
&Partners
Tennessee
$294K – – –
TAM
32
Tocqueville Asset Management
New York
$270K – – –
UBS Group
33
UBS Group
Switzerland
$268K +$233K +22,870 New
Cetera Investment Advisers
34
Cetera Investment Advisers
Illinois
$218K +$9.56K +940 +5%
PFA
35
Pettinga Financial Advisors
Indiana
$208K -$39K -3,829 -18%
AAS
36
Ameritas Advisory Services
Nebraska
$195K +$10.3K +1,012 +6%
SAM
37
Synergy Asset Management
Washington
$193K +$167K +16,445 New
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$192K -$23.8K -2,343 -13%
TSS
39
Two Sigma Securities
New York
$189K +$164K +16,080 New
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$163K +$15.4K +1,517 +12%
WAP
41
Wealthcare Advisory Partners
Pennsylvania
$141K – – –
Susquehanna International Group
42
Susquehanna International Group
Pennsylvania
$139K +$120K +11,811 New
MSG
43
Main Street Group
Virginia
$94.8K – – –
BP
44
BNP Paribas
France
$58.6K – – –
ICM
45
Islay Capital Management
Texas
$58.6K – – –
NA
46
NewEdge Advisors
Louisiana
$40.9K +$4.48K +440 +14%
HCM
47
Hollencrest Capital Management
California
$37K – – –
IA
48
IFP Advisors
Florida
$35.2K – – –
US Bancorp
49
US Bancorp
Minnesota
$29.9K – – –
Bank of America
50
Bank of America
North Carolina
$24K -$2.04K -200 -9%
1
2
3

SPPP Hedge Fund Activity: Q2 2025 in Review

66 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q2 2025, worth a combined $63.1M — up 168% from $23.5M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new SPPP positions and 5 closed out — a net gain of 11 holders — while 19 added to existing stakes and 11 trimmed.

The largest buyer was Pale Fire Capital SE, opening a new position worth an estimated $11.9M. The largest seller was Trek Financial, exiting entirely with an estimated $982K sold.

  • 66 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q2 2025, up from 55 in Q1 2025.
  • Funds reported $63.1M of Sprott Physical Platinum and Palladium Trust stock for Q2 2025, up 168% quarter-over-quarter.
  • 16 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q2 2025 and 5 closed out, a net change of +11 holders.
  • The largest Sprott Physical Platinum and Palladium Trust buyer in Q2 2025 was Pale Fire Capital SE, an estimated $11.9M added.
  • The largest Sprott Physical Platinum and Palladium Trust seller in Q2 2025 was Trek Financial, an estimated $982K sold.

Based on aggregated 13F filings for Q2 2025.