Vault-13

ABRDN PLATINUM ETF TRUST PPLT

PHYSCL PLATM SHS · ETP · CUSIP 003260106

170 institutional holders +31 vs Q1 2025
3,651,8433.7m shares reported held*
$448.7mreported value*
49 new 44 added 38 reduced 20 sold out net bought ≈ $80.2m (+652.9k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $122.86. Options: 8 managers hold calls ($72.1m notional), 6 hold puts ($19.4m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 85Q4 22: 111Q1 23: 109Q2 23: 107Q3 23: 107Q4 23: 112Q1 24: 96Q2 24: 120Q3 24: 119Q4 24: 131Q1 25: 139Q2 25: 170170Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202285
Q4 2022111
Q1 2023109
Q2 2023107
Q3 2023107
Q4 2023112
Q1 202496
Q2 2024120
Q3 2024119
Q4 2024131
Q1 2025139
Q2 2025170

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 23: 36 bought or addedQ3 23: 48 cut or sold outQ4 23: 37 bought or addedQ4 23: 48 cut or sold outQ4 23Q1 24: 38 bought or addedQ1 24: 59 cut or sold outQ2 24: 60 bought or addedQ2 24: 42 cut or sold outQ2 24Q3 24: 52 bought or addedQ3 24: 49 cut or sold outQ4 24: 68 bought or addedQ4 24: 47 cut or sold outQ4 24Q1 25: 65 bought or addedQ1 25: 52 cut or sold outQ2 25: 93 bought or addedQ2 25: 58 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233648
Q4 20233748
Q1 20243859
Q2 20246042
Q3 20245249
Q4 20246847
Q1 20256552
Q2 20259358

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $3.1mQ1 25 puts: $1.1mQ1 25P/C 0.35Q2 25 calls: $72.1mQ2 25 puts: $19.4mQ2 25P/C 0.27
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$3.1m$1.1m0.35
Q2 2025$72.1m$19.4m0.27

Biggest buyers

BARCLAYS PLC Added +132,850+132.8k
ROYAL BANK OF CANADA Added +100,672+100.7k
Belvedere Trading LLC Added +86,068+86.1k
DAVENPORT & Co LLC Added +83,046+83.0k
PenderFund Capital Management Ltd. Added +62,200+62.2k
CENTRAL TRUST Co Added +62,198+62.2k
INTREPID FAMILY OFFICE LLC New +50,000+50.0k
Arkadios Wealth Advisors New +42,787+42.8k
RAYMOND JAMES FINANCIAL INC Added +41,348+41.3k
MORGAN STANLEY Added +37,617+37.6k

Biggest sellers

JGP Global Gestao de Recursos Ltda. Sold out -140,000-140.0k
JPMORGAN CHASE & CO Reduced -129,883-129.9k
Corecam Pte. Ltd. Reduced -56,380-56.4k
Q3 Asset Management Reduced -28,642-28.6k
RENAISSANCE TECHNOLOGIES LLC Sold out -28,000-28.0k
CANTOR FITZGERALD, L. P. Sold out -21,811-21.8k
Brookwood Investment Group LLC Sold out -16,772-16.8k
Waverly Advisors, LLC Sold out -16,338-16.3k
Strategic Financial Concepts, LLC Reduced -13,180-13.2k
SG Americas Securities, LLC Reduced -12,653-12.7k

Biggest calls

Brevan Howard Capital Management LP New $44.2m360.0k shares
CITADEL ADVISORS LLC Added $15.7m128.1k shares
IMC-Chicago, LLC New $5.9m47.7k shares
SIMPLEX TRADING, LLC Added $3.7m30.4k shares
GROUP ONE TRADING LLC New $1.7m13.8k shares
Belvedere Trading LLC Added $675.8k5.5k shares
Financial Advocates Investment Management New $122.9k1.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

IMC-Chicago, LLC New $9.1m74.3k shares
CITADEL ADVISORS LLC Added $5.4m43.7k shares
Belvedere Trading LLC Added $2.2m17.6k shares
SIMPLEX TRADING, LLC Added $2.0m16.6k shares
GROUP ONE TRADING LLC New $688.1k5.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CENTRAL TRUST Co 0.90% of their portfolio JEFFERSON CITY, MO 318,113318.1k $39.1m $39.1m 0.90% Added +62.2k +62,198
2 PenderFund Capital Management Ltd. 9.08% of their portfolio VANCOUVER, A1 312,200312.2k $38.4m $38.4m 9.08% Added +62.2k +62,200
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 250,410250.4k $30.8m $30.8m 0.00% Added +37.6k +37,617
4 HOLLENCREST CAPITAL MANAGEMENT 1.22% of their portfolio NEWPORT BEACH, CA 231,405231.4k $28.4m $28.4m 1.22% Unchanged
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 202,956203.0k $24.9m $24.9m 0.00% Added +100.7k +100,672
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 179,450179.4k $22.0m $22.0m 0.00% Added +30.8k +30,827
7 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 133,150133.2k $16.4m $16.4m 0.01% Added +132.8k +132,850
8 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 116,203116.2k $14.3m $14.3m 0.01% Reduced -719 -719
9 Money Design Co.,Ltd. 0.53% of their portfolio TOKYO, M0 91,60091.6k $11.3m $11.3m 0.53% Added +29.6k +29,579
10 PROSPECTOR PARTNERS LLC 1.29% of their portfolio GUILFORD, CT 90,66990.7k $11.1m $11.1m 1.29% Reduced -3.3k -3,305
11 Belvedere Trading LLC 0.85% of their portfolio CHICAGO, IL 87,90287.9k $10.8m $10.8m 0.85% Added +86.1k +86,068
12 DAVENPORT & Co LLC 0.06% of their portfolio RICHMOND, VA 86,04686.0k $10.6m $10.6m 0.06% Added +83.0k +83,046
13 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 79,81579.8k $9.8m $9.8m 0.00% Added +11.3k +11,345
14 Corecam Pte. Ltd. 4.49% of their portfolio SINGAPORE, U0 64,87064.9k $8.0m $8.0m 4.49% Reduced -56.4k -56,380
15 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 63,27863.3k $7.8m $7.8m 0.00% Added +41.3k +41,348
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 62,72762.7k $7.7m $7.7m 0.00% Added +27.6k +27,637
17 INTREPID FAMILY OFFICE LLC 6.64% of their portfolio SARASOTA, FL 50,00050.0k $6.1m $6.1m 6.64% New
18 Gradient Investments LLC 0.10% of their portfolio ARDEN HILLS, MN 44,52344.5k $5.5m $5.5m 0.10% Added +2.7k +2,709
19 Sender Co & Partners, Inc. 2.49% of their portfolio NEW YORK, NY 44,15544.2k $5.4m $5.4m 2.49% Reduced -2.8k -2,758
20 IMC-Chicago, LLC 0.13% of their portfolio CHICAGO, IL 43,93543.9k $5.4m $5.4m 0.13% Added +12.8k +12,807
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 43,69943.7k $5.4m $5.4m 0.00% Reduced -129.9k -129,883
22 Arkadios Wealth Advisors 0.16% of their portfolio ATLANTA, GA 42,78742.8k $5.3m $5.3m 0.16% New
23 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 42,01442.0k $5.2m $5.2m 0.01% Added +26.4k +26,438
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 38,52938.5k $4.7m $4.7m 0.00% Reduced -9.6k -9,607
25 SPROTT INC. 0.23% of their portfolio TORONTO, A6 36,79136.8k $4.5m $4.5m 0.23% Added +24.3k +24,323
26 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 34,48034.5k $4.2m $4.2m 0.02% Reduced -12.7k -12,653
27 Black Swift Group, LLC 0.81% of their portfolio BOULDER, CO 32,84532.8k $4.0m $4.0m 0.81% New
28 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 32,56832.6k $4.0m $4.0m 0.00% Added +2.6k +2,586
29 Journey Advisory Group, LLC 0.31% of their portfolio COVINGTON, KY 32,54332.5k $4.0m $4.0m 0.31% Reduced -720 -720
30 Carrera Capital Advisors 0.75% of their portfolio TROY, MI 30,31730.3k $3.7m $3.7m 0.75% Added +3.5k +3,530
31 Trek Financial, LLC 0.23% of their portfolio Scottsdale, AZ 27,45727.5k $3.4m $3.4m 0.23% New
32 Pekin Hardy Strauss, Inc. 0.37% of their portfolio CHICAGO, IL 26,50026.5k $3.3m $3.3m 0.37% Added +14.3k +14,331
33 SIMPLEX TRADING, LLC 0.08% of their portfolio CHICAGO, IL 25,07425.1k $3.1m $3.1m 0.08% New
34 Vanguard Capital Wealth Advisors 2.69% of their portfolio DENVER, CO 22,11822.1k $2.7m $2.7m 2.69% Added +19.5k +19,484
35 ARVEST INVESTMENTS, INC. 0.40% of their portfolio LOWELL, AR 21,78421.8k $2.7m $2.7m 0.40% Reduced -480 -480
36 Bleakley Financial Group, LLC 0.07% of their portfolio PARSIPPANY, NJ 21,77421.8k $2.7m $2.7m 0.07% New
37 Rathbones Group PLC 0.01% of their portfolio Liverpool, X0 19,56019.6k $2.4m $2.4m 0.01% Added +1.7k +1,660
38 PHILADELPHIA TRUST CO 0.17% of their portfolio PHILADELPHIA, PA 17,63817.6k $2.2m $2.2m 0.17% Reduced -1.2k -1,227
39 Anthracite Investment Company, Inc. 1.09% of their portfolio FORT WORTH, TX 17,00017.0k $2.1m $2.1m 1.09% Added +1.0k +1,000
40 GROUP ONE TRADING LLC 0.07% of their portfolio CHICAGO, IL 16,50016.5k $2.0m $2.0m 0.07% New
41 Consolidated Portfolio Review Corp 0.28% of their portfolio WOODBURY, NY 16,50016.5k $2.0m $2.0m 0.28% Added +610 +610
42 Keel Point, LLC 0.13% of their portfolio HUNTSVILLE, AL 16,43316.4k $2.0m $2.0m 0.13% Reduced -1.4k -1,425
43 Ancora Advisors LLC 0.04% of their portfolio Cleveland, OH 15,10215.1k $1.9m $1.9m 0.04% Added +232 +232
44 INGALLS & SNYDER LLC 0.07% of their portfolio NEW YORK, NY 15,06415.1k $1.9m $1.9m 0.07% Unchanged
45 Manatuck Hill Partners, LLC 0.69% of their portfolio WESTPORT, CT 15,00015.0k $1.8m $1.8m 0.69% New
46 X-Square Capital, LLC 0.66% of their portfolio GUAYNABO, PR 14,82514.8k $1.8m $1.8m 0.66% New
47 Mountain Lake Investment Management LLC 1.43% of their portfolio SAN FRANCISCO, CA 13,96014.0k $1.7m $1.7m 1.43% Unchanged
48 Q3 Asset Management 0.59% of their portfolio BIRMINGHAM, MI 13,50213.5k $1.7m $1.7m 0.59% Reduced -28.6k -28,642
49 Intellus Advisors LLC 0.24% of their portfolio NAPLES, FL 13,32313.3k $1.6m $1.6m 0.24% New
50 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,75312.8k $1.6m $1.6m 0.00% Added +4.0k +3,973
51 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 12,69012.7k $1.6m $1.6m 0.01% Added +9.0k +8,991
52 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 12,42812.4k $1.5m $1.5m 0.00% Added +894 +894
53 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 11,86011.9k $1.5m $1.5m 0.00% Reduced -702 -702
54 Alhambra Investment Management LLC 0.70% of their portfolio PALMETTO BAY, FL 11,45211.5k $1.4m $1.4m 0.70% New
55 Copley Financial Group, Inc. 1.04% of their portfolio SAN DIEGO, CA 11,36111.4k $1.4m $1.4m 1.04% Reduced -246 -246
56 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 11,21911.2k $1.4m $1.4m 0.01% New
57 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 10,64910.6k $1.3m $1.3m 0.02% Added +741 +741
58 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 10,36510.4k $1.3m $1.3m 0.01% Added +3.5k +3,510
59 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,10310.1k $1.2m $1.2m 0.00% Added +4.7k +4,723
60 Hedges Asset Management LLC 0.95% of their portfolio RENO, NV 9,6009.6k $1.2m $1.2m 0.95% Reduced -1.0k -1,000
61 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 9,5789.6k $1.2m $1.2m 0.00% Added +6.1k +6,113
62 Compound Planning, Inc. 0.04% of their portfolio NEW YORK, NY 9,0539.1k $1.1m $1.1m 0.04% Added +4.7k +4,743
63 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 8,4508.4k $1.0m $1.0m 0.00% Added +5.5k +5,488
64 WESPAC Advisors, LLC 0.72% of their portfolio ORINDA, CA 8,3218.3k $1.0m $1.0m 0.72% Reduced -178 -178
65 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 8,1228.1k $998.0k $998.0k 0.00% Added +935 +935
66 Global View Capital Management LLC 0.29% of their portfolio WAUKESHA, WI 7,5047.5k $922.0k $922.0k 0.29% New
67 Pettinga Financial Advisors LLC 0.20% of their portfolio EVANSVILLE, IN 7,2857.3k $895.1k $895.1k 0.20% Reduced -1.2k -1,175
68 FNY Investment Advisers, LLC 0.36% of their portfolio NEW YORK, NY 6,8156.8k $837.0k $837.0k 0.36% Reduced -272 -272
69 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ST. LOUIS, MO 6,7836.8k $833.4k $833.4k 0.01% Added +4.3k +4,318
70 Briaud Financial Planning Inc 0.32% of their portfolio COLLEGE STATION, TX 6,6246.6k $813.0k $813.0k 0.32% Reduced -2.3k -2,331
71 AlTi Global, Inc. 0.02% of their portfolio NEW YORK, NY 6,6006.6k $810.9k $810.9k 0.02% Unchanged
72 Hikari Tsushin, Inc. 0.06% of their portfolio TOKYO, M0 6,4966.5k $798.2k $798.2k 0.06% New
73 First International Bank & Trust 0.26% of their portfolio WATFORD CITY, ND 6,1456.1k $755.0k $755.0k 0.26% New
74 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 6,1006.1k $749.5k $749.5k 0.00% Added +600 +600
75 Mariner, LLC 0.00% of their portfolio Overland Park, KS 5,7925.8k $711.7k $711.7k 0.00% Reduced -6.2k -6,206
76 Linden Thomas Advisory Services, LLC 0.08% of their portfolio Charlotte, NC 5,6985.7k $700.1k $700.1k 0.08% Added +1.7k +1,654
77 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 5,2625.3k $646.5k $646.5k 0.00% New
78 Wakefield Asset Management LLLP 0.17% of their portfolio Englewood, CO 5,0915.1k $625.5k $625.5k 0.17% New
79 Strategic Financial Concepts, LLC 0.09% of their portfolio SAN ANTONIO, TX 5,0325.0k $618.3k $618.3k 0.09% Reduced -13.2k -13,180
80 AMG National Trust Bank 0.02% of their portfolio GREENWOOD VILLAGE, CO 4,9164.9k $604.0k $604.0k 0.02% Reduced -4.5k -4,547
81 SEAVIEW INVESTMENT MANAGERS LLC 0.13% of their portfolio MIAMI, FL 4,8474.8k $595.6k $595.6k 0.13% New
82 Bank Julius Baer & Co. Ltd, Zurich 0.00% of their portfolio ZURICH, V8 4,8224.8k $592.5k $592.5k 0.00% New
83 WOODWARD DIVERSIFIED CAPITAL, LLC 0.30% of their portfolio BAKERSFIELD, CA 4,8054.8k $590.4k $590.4k 0.30% Reduced -327 -327
84 Dauntless Investment Group, LLC 2.67% of their portfolio Milford, MI 4,6164.6k $567.2k $567.2k 2.67% Unchanged
85 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 4,3264.3k $531.5k $531.5k 0.00% Reduced -7.2k -7,190
86 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 4,3004.3k $528.0k $528.0k 0.00% Reduced -3.6k -3,600
87 AlphaCore Capital LLC 0.02% of their portfolio LA JOLLA, CA 3,9884.0k $490.0k $490.0k 0.02% New
88 LaSalle St. Investment Advisors, LLC 0.13% of their portfolio ELMHURST, IL 3,8593.9k $474.0k $474.0k 0.13% New
89 ISTHMUS PARTNERS, LLC 0.05% of their portfolio MADISON, WI 3,4753.5k $427.0k $427.0k 0.05% Unchanged
90 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 3,4103.4k $426.7k $426.7k 0.00% Reduced -1.0k -1,010
91 LETSON INVESTMENT MANAGEMENT, INC. 0.15% of their portfolio ATLANTA, GA 3,1003.1k $380.9k $380.9k 0.15% Unchanged
92 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 2,9883.0k $367.1k $367.1k 0.00% New
93 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 2,9653.0k $364.3k $364.3k 0.02% Reduced -719 -719
94 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 2,9533.0k $362.8k $362.8k 0.01% New
95 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 2,9272.9k $359.6k $359.6k 0.01% Unchanged
96 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 2,8652.9k $352.0k $352.0k 0.00% Reduced -4.5k -4,533
97 Moors & Cabot, Inc. 0.02% of their portfolio BOSTON, MA 2,6552.7k $326.2k $326.2k 0.02% New
98 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 2,5152.5k $309.0k $309.0k 0.00% New
99 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 2,5132.5k $308.8k $308.8k 0.00% New
100 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 2,4932.5k $304.2k $304.2k 0.00% Added +720 +720