Sprott Physical Platinum and Palladium Trust
SPPP
55 hedge funds and large institutions have $23.5M invested in Sprott Physical Platinum and Palladium Trust in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 7 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 10
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
2% less funds holding
Funds holding: 56 → 55 (-1)
5.38% less ownership
Funds ownership: 17.6% → 12.22% (-5.4%)
18% less capital invested
Capital invested by funds: $28.6M → $23.5M (-$5.07M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TF
Trek Financial
Scottsdale,
Arizona
|
+$944K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$773K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$398K |
| 4 |
NC
Nokomis Capital
Dallas,
Texas
|
+$306K |
| 5 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$296K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$4.54M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$1.83M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$1.7M |
| 4 |
Morgan Stanley
New York
|
-$561K |
| 5 |
PCM
Prelude Capital Management
New York
|
-$400K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
51
Geneos Wealth Management
Englewood,
Colorado
| $4.47K | +$2.87K | +300 | +200% |
|
|
PWA
52
Physician Wealth Advisors
Midvale,
Utah
| $2.73K | – | – | – |
|
|
PFBT
53
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| $1.99K | – | – | – |
|
54
JP Morgan Chase
New York
| $775 | – | – | – |
|
|
SC
55
Solstein Capital
Menlo Park,
California
| $308 | +$296 | +31 | New |
|
|
56
Jane Street
New York
| – | -$4.54M | -510,729 | Closed |
|
|
PAMP
57
Polar Asset Management Partners
Toronto,
Ontario, Canada
| – | -$1.83M | -205,916 | Closed |
|
|
58
IMC Chicago
Chicago,
Illinois
| – | -$1.7M | -191,412 | Closed |
|
|
PCM
59
Prelude Capital Management
New York
| – | -$400K | -45,000 | Closed |
|
|
HF
60
HRT Financial
New York
| – | -$162K | -18,300 | Closed |
|
61
Citadel Advisors
Miami,
Florida
| – | -$117K | -13,183 | Closed |
|
62
UBS Group
Zurich,
Switzerland
| – | -$978 | -110 | Closed |
|
SPPP Hedge Fund Activity: Q1 2025 in Review
55 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q1 2025, worth a combined $23.5M — down 18% from $28.6M a quarter earlier.
Fund positioning in SPPP was balanced in Q1 2025: 7 funds opened new positions, 7 closed out, 17 added to existing stakes and 10 trimmed.
The largest buyer was Trek Financial, opening a new position worth an estimated $944K. The largest seller was Jane Street, exiting entirely with an estimated $4.54M sold.
- 55 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q1 2025, down from 56 in Q4 2024.
- Funds reported $23.5M of Sprott Physical Platinum and Palladium Trust stock for Q1 2025, down 18% quarter-over-quarter.
- 7 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q1 2025 and 7 closed out, a net change of 0 holders.
- The largest Sprott Physical Platinum and Palladium Trust buyer in Q1 2025 was Trek Financial, an estimated $944K added.
- The largest Sprott Physical Platinum and Palladium Trust seller in Q1 2025 was Jane Street, an estimated $4.54M sold.
Based on aggregated 13F filings for Q1 2025.