Sprott Physical Platinum and Palladium Trust
SPPP
78 hedge funds and large institutions have $189M invested in Sprott Physical Platinum and Palladium Trust in 2026 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 11 closing their positions.
109% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 11
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
15% more funds holding
Funds holding: 68 → 78 (+10)
0.78% more ownership
Funds ownership: 27.14% → 27.91% (+0.78%)
2% less capital invested
Capital invested by funds: $192M → $189M (-$3.49M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$22.3M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
+$14.3M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$12.3M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$9.53M |
| 5 |
CWGL
Cedrus Wealth Group LLC
Andover,
Minnesota
|
+$3.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$24.1M |
| 2 |
HCC
Hatch Cove Capital
Chicago,
Illinois
|
-$14M |
| 3 |
Pictet Asset Management
Carouge,
Switzerland
|
-$7.91M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.57M |
| 5 |
NC
Nokomis Capital
Dallas,
Texas
|
-$2.41M |
SPPP Hedge Fund Activity: Q1 2026 in Review
78 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q1 2026, worth a combined $189M — down 1.8% from $192M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new SPPP positions and 11 closed out — a net gain of 12 holders — while 23 added to existing stakes and 20 trimmed.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $22.3M. The largest seller was Jane Street, cutting an estimated $24.1M.
- 78 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q1 2026, up from 68 in Q4 2025.
- Funds reported $189M of Sprott Physical Platinum and Palladium Trust stock for Q1 2026, down 1.8% quarter-over-quarter.
- 23 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q1 2026 and 11 closed out, a net change of +12 holders.
- The largest Sprott Physical Platinum and Palladium Trust buyer in Q1 2026 was Goldman Sachs, an estimated $22.3M added.
- The largest Sprott Physical Platinum and Palladium Trust seller in Q1 2026 was Jane Street, an estimated $24.1M sold.
Based on aggregated 13F filings for Q1 2026.