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SPPP

Sprott Physical Platinum and Palladium Trust
SPPP

68 hedge funds and large institutions have $192M invested in Sprott Physical Platinum and Palladium Trust in 2025 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 24 increasing their positions, 9 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

191% more capital invested

Capital invested by funds: $66.1M → $192M (+$126M)

167% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 9

150% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 8

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

19% more funds holding

Funds holding: 57 → 68 (+11)

11.43% more ownership

Funds ownership: 15.71% → 27.14% (+11%)

Holders
68
Holders Change
+11
Holders Change %
+19.3%
% of All Funds
0.83%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.02%
New
20
Increased
24
Reduced
9
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
IMC Chicago
IMC Chicago
Illinois
+$32.5M
2
Jane Street
Jane Street
New York
+$22.9M
3
Morgan Stanley
Morgan Stanley
New York
+$7.8M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$4.58M
5
WAM
Wolverine Asset Management
Illinois
+$2.3M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$733K
2
PAG
Private Advisor Group
New Jersey
-$508K
3
SWP
Stratos Wealth Partners
Ohio
-$502K
4
KAS
Kestra Advisory Services
Texas
-$417K
5
SAM
Synergy Asset Management
Washington
-$386K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
51
IFP Advisors
Florida
$50.5K – – –
NA
52
NewEdge Advisors
Louisiana
$46.6K +$4.77K +323 +13%
CIBC Private Wealth Group
53
CIBC Private Wealth Group
Georgia
$45.4K +$39.8K +2,693 New
Bank of America
54
Bank of America
North Carolina
$37.9K +$14.8K +1,000 +80%
AF
55
Advisornet Financial
Minnesota
$36.4K +$31.9K +2,160 New
AA
56
Ancora Advisors
Ohio
$33.7K – – –
HWA
57
HHM Wealth Advisors
Tennessee
$28.6K – – –
CT
58
Caldwell Trust
Florida
$27.6K – – –
UIC
59
Uniplan Investment Counsel
Wisconsin
$26.4K -$8.95K -606 -28%
TWC
60
TD Waterhouse Canada
Ontario, Canada
$18.1K – – –
TLCM
61
Twin Lakes Capital Management
California
$16.8K – – –
PNC Financial Services Group
62
PNC Financial Services Group
Pennsylvania
$14.3K +$12.6K +850 New
LWANC
63
Laurel Wealth Advisors (North Carolina)
North Carolina
$10.1K +$8.87K +600 New
GRP
64
Global Retirement Partners
California
$6.32K +$5.54K +375 New
GWM
65
Geneos Wealth Management
Colorado
$5.05K – – –
PFBT
66
Parkside Financial Bank & Trust
Missouri
$3.37K – – –
CFD
67
Creative Financial Designs
Indiana
$1.18K +$1.03K +70 New
MCM
68
MAI Capital Management
Ohio
$371 +$325 +22 New
SAM
69
Synergy Asset Management
Washington
– -$386K -32,890 Closed
Citadel Advisors
70
Citadel Advisors
Florida
– -$280K -20,632 Closed
AAS
71
Ameritas Advisory Services
Nebraska
– -$214K -15,748 Closed
MSG
72
Main Street Group
Virginia
– -$110K -8,084 Closed
ASN
73
Advisory Services Network
Georgia
– -$38K -2,800 Closed
BTI
74
Blue Trust Inc
Georgia
– -$611 -45 Closed
SC
75
Solstein Capital
California
– -$421 -31 Closed
1 2
3
4

SPPP Hedge Fund Activity: Q4 2025 in Review

68 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Platinum and Palladium Trust (SPPP) for Q4 2025, worth a combined $192M — up 191% from $66.1M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new SPPP positions and 8 closed out — a net gain of 12 holders — while 24 added to existing stakes and 9 trimmed.

The largest buyer was IMC Chicago, opening a new position worth an estimated $32.5M. The largest seller was UBS Group, cutting an estimated $733K.

  • 68 institutional investors held Sprott Physical Platinum and Palladium Trust (SPPP) as of Q4 2025, up from 57 in Q3 2025.
  • Funds reported $192M of Sprott Physical Platinum and Palladium Trust stock for Q4 2025, up 191% quarter-over-quarter.
  • 20 funds opened new Sprott Physical Platinum and Palladium Trust positions in Q4 2025 and 8 closed out, a net change of +12 holders.
  • The largest Sprott Physical Platinum and Palladium Trust buyer in Q4 2025 was IMC Chicago, an estimated $32.5M added.
  • The largest Sprott Physical Platinum and Palladium Trust seller in Q4 2025 was UBS Group, an estimated $733K sold.

Based on aggregated 13F filings for Q4 2025.