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, 20 increasing their positions, 10 reducing their positions, and 5 closing their positions.
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)
100% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 10
20% more funds holding
Funds holding: 55 → 66 (+11)
12.18% more ownership
Funds ownership: 12.22% → 24.4% (+12%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFCS
Pale Fire Capital SE
Prague,
Czech Republic
|
+$11.9M |
| 2 |
FCG
Fielder Capital Group
Nashville,
Tennessee
|
+$7.39M |
| 3 |
Jane Street
New York
|
+$4.94M |
| 4 |
Pictet Asset Management
Carouge,
Switzerland
|
+$2.4M |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TF
Trek Financial
Scottsdale,
Arizona
|
-$982K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$826K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$653K |
| 4 |
MG
Marex Group
London,
|
-$420K |
| 5 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
-$328K |
SPPP Hedge Fund Activity: Q2 2025 in Review
66 of the 7,613 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 20 added to existing stakes and 10 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.