Vault-13

ABRDN PLATINUM ETF TRUST PPLT

PHYSCL PLATM SHS · ETP · CUSIP 003260106

189 institutional holders +19 vs Q2 2025
3,236,5443.2m shares reported held*
$462.3mreported value*
47 new 53 added 43 reduced 26 sold out net sold ≈ $47.1m (-329.8k 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 ≈ $142.85. Options: 10 managers hold calls ($95.2m notional), 7 hold puts ($97.3m).

Trends to Q3 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: 170Q3 25: 189189Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025189

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 37 bought or addedQ4 23: 48 cut or sold outQ1 24: 38 bought or addedQ1 24: 59 cut or sold outQ1 24Q2 24: 60 bought or addedQ2 24: 42 cut or sold outQ3 24: 52 bought or addedQ3 24: 49 cut or sold outQ3 24Q4 24: 68 bought or addedQ4 24: 47 cut or sold outQ1 25: 65 bought or addedQ1 25: 52 cut or sold outQ1 25Q2 25: 93 bought or addedQ2 25: 58 cut or sold outQ3 25: 100 bought or addedQ3 25: 69 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20233748
Q1 20243859
Q2 20246042
Q3 20245249
Q4 20246847
Q1 20256552
Q2 20259358
Q3 202510069

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ4 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 0.27Q3 25 calls: $95.2mQ3 25 puts: $97.3mQ3 25P/C 1.02
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$3.1m$1.1m0.35
Q2 2025$72.1m$19.4m0.27
Q3 2025$95.2m$97.3m1.02

Biggest buyers

LPL Financial LLC Added +109,130+109.1k
Accordant Advisory Group Inc New +24,497+24.5k
Pekin Hardy Strauss, Inc. Added +23,949+23.9k
Black Swift Group, LLC Added +20,245+20.2k
HOHIMER WEALTH MANAGEMENT, LLC New +18,550+18.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +16,301+16.3k
BANK OF AMERICA CORP /DE/ Added +14,739+14.7k
WELLS FARGO & COMPANY/MN Added +14,723+14.7k
CENTRAL TRUST Co Added +13,200+13.2k
WIT Partners Advisory Pte. Ltd. New +11,200+11.2k

Biggest sellers

BARCLAYS PLC Reduced -132,963-133.0k
ROYAL BANK OF CANADA Reduced -115,524-115.5k
Belvedere Trading LLC Sold out -87,902-87.9k
DAVENPORT & Co LLC Reduced -79,446-79.4k
Gradient Investments LLC Sold out -44,523-44.5k
BNP PARIBAS FINANCIAL MARKETS Reduced -41,831-41.8k
IMC-Chicago, LLC Reduced -25,961-26.0k
SIMPLEX TRADING, LLC Sold out -25,074-25.1k
Sender Co & Partners, Inc. Reduced -20,840-20.8k
Carrera Capital Advisors Reduced -20,257-20.3k

Biggest calls

CITADEL ADVISORS LLC Added $22.3m155.9k shares
WOLVERINE TRADING, LLC New $17.6m120.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $17.3m121.0k shares
JANE STREET GROUP, LLC New $11.7m82.0k shares
GROUP ONE TRADING LLC Added $8.6m60.5k shares
Belvedere Trading LLC Added $8.0m56.2k shares
SIMPLEX TRADING, LLC Added $7.5m52.6k shares
Arkadios Wealth Advisors New $1.4m10.0k shares
SIG BROKERAGE, LP New $714.4k5.0k shares
FNY Investment Advisers, LLC New $1.0k8 shares

Biggest puts

JANE STREET GROUP, LLC New $35.9m251.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $24.2m169.2k shares
CITADEL ADVISORS LLC Added $11.9m83.1k shares
GROUP ONE TRADING LLC Added $10.6m74.0k shares
Belvedere Trading LLC Added $5.4m38.1k shares
WOLVERINE TRADING, LLC New $5.1m35.3k shares
SIMPLEX TRADING, LLC Added $4.1m28.8k 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 Q3 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 Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CENTRAL TRUST Co 0.99% of their portfolio JEFFERSON CITY, MO 331,313331.3k $47.3m $47.3m 0.99% Added +13.2k +13,200
2 PenderFund Capital Management Ltd. 7.28% of their portfolio VANCOUVER, A1 302,000302.0k $43.1m $43.1m 7.28% Reduced -10.2k -10,200
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 252,577252.6k $36.1m $36.1m 0.00% Added +2.2k +2,167
4 HOLLENCREST CAPITAL MANAGEMENT 1.20% of their portfolio NEWPORT BEACH, CA 231,930231.9k $33.1m $33.1m 1.20% Added +525 +525
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 188,945188.9k $27.0m $27.0m 0.01% Added +109.1k +109,130
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 172,584172.6k $24.7m $24.7m 0.00% Reduced -6.9k -6,866
7 PROSPECTOR PARTNERS LLC 1.51% of their portfolio GUILFORD, CT 87,75587.8k $12.5m $12.5m 1.51% Reduced -2.9k -2,914
8 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 87,43287.4k $12.5m $12.5m 0.00% Reduced -115.5k -115,524
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 77,45077.5k $11.1m $11.1m 0.00% Added +14.7k +14,723
10 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 74,37274.4k $10.6m $10.6m 0.01% Reduced -41.8k -41,831
11 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 72,86572.9k $10.4m $10.4m 0.00% Added +9.6k +9,587
12 Corecam Pte. Ltd. 4.56% of their portfolio SINGAPORE, U0 59,84659.8k $8.6m $8.6m 4.56% Reduced -5.0k -5,024
13 INTREPID FAMILY OFFICE LLC 7.10% of their portfolio SARASOTA, FL 55,00055.0k $7.9m $7.9m 7.10% Added +5.0k +5,000
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 53,26853.3k $7.6m $7.6m 0.00% Added +14.7k +14,739
15 Black Swift Group, LLC 1.34% of their portfolio BOULDER, CO 53,09053.1k $7.6m $7.6m 1.34% Added +20.2k +20,245
16 Pekin Hardy Strauss, Inc. 0.72% of their portfolio CHICAGO, IL 50,44950.4k $7.2m $7.2m 0.72% Added +23.9k +23,949
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 48,80448.8k $7.0m $7.0m 0.00% Added +5.1k +5,105
18 SPROTT INC. 0.22% of their portfolio TORONTO, A6 41,77941.8k $6.0m $6.0m 0.22% Added +5.0k +4,988
19 Journey Advisory Group, LLC 0.34% of their portfolio COVINGTON, KY 31,96032.0k $4.6m $4.6m 0.34% Reduced -583 -583
20 Arkadios Wealth Advisors 0.11% of their portfolio ATLANTA, GA 31,69031.7k $4.5m $4.5m 0.11% Reduced -11.1k -11,097
21 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 31,48031.5k $4.5m $4.5m 0.02% Reduced -3.0k -3,000
22 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 29,29729.3k $4.2m $4.2m 0.00% Reduced -3.3k -3,271
23 Bleakley Financial Group, LLC 0.09% of their portfolio PARSIPPANY, NJ 27,52827.5k $3.9m $3.9m 0.09% Added +5.8k +5,754
24 Trek Financial, LLC 0.23% of their portfolio Scottsdale, AZ 27,33527.3k $3.9m $3.9m 0.23% Reduced -122 -122
25 Manatuck Hill Partners, LLC 1.21% of their portfolio WESTPORT, CT 25,00025.0k $3.6m $3.6m 1.21% Added +10.0k +10,000
26 Accordant Advisory Group Inc 2.38% of their portfolio ANNAPOLIS, MD 24,49724.5k $3.5m $3.5m 2.38% New
27 Sender Co & Partners, Inc. 1.29% of their portfolio NEW YORK, NY 23,31523.3k $3.3m $3.3m 1.29% Reduced -20.8k -20,840
28 ABBINGTON INVESTMENT GROUP 2.78% of their portfolio WESTPORT, CT 22,76422.8k $3.3m $3.3m 2.78% First filing
29 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 22,12622.1k $3.2m $3.2m 0.01% Reduced -19.9k -19,888
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 20,62720.6k $2.9m $2.9m 0.00% Added +16.3k +16,301
31 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 19,46419.5k $2.8m $2.8m 0.00% Added +9.4k +9,361
32 HOHIMER WEALTH MANAGEMENT, LLC 0.37% of their portfolio SEATTLE, WA 18,55018.6k $2.7m $2.7m 0.37% New
33 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 18,16418.2k $2.6m $2.6m 0.01% Added +5.5k +5,474
34 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 18,11018.1k $2.6m $2.6m 0.00% Added +9.7k +9,660
35 IMC-Chicago, LLC 0.05% of their portfolio CHICAGO, IL 17,97418.0k $2.6m $2.6m 0.05% Reduced -26.0k -25,961
36 Keel Point, LLC 0.15% of their portfolio HUNTSVILLE, AL 17,29517.3k $2.5m $2.5m 0.15% Added +862 +862
37 PHILADELPHIA TRUST CO 0.17% of their portfolio PHILADELPHIA, PA 16,98617.0k $2.4m $2.4m 0.17% Reduced -652 -652
38 ARVEST INVESTMENTS, INC. 0.34% of their portfolio LOWELL, AR 16,77816.8k $2.4m $2.4m 0.34% Reduced -5.0k -5,006
39 Consolidated Portfolio Review Corp 0.29% of their portfolio WOODBURY, NY 16,29916.3k $2.3m $2.3m 0.29% Reduced -201 -201
40 Ancora Advisors LLC 0.04% of their portfolio Cleveland, OH 15,14215.1k $2.2m $2.2m 0.04% Added +40 +40
41 INGALLS & SNYDER LLC 0.07% of their portfolio NEW YORK, NY 14,10314.1k $2.0m $2.0m 0.07% Reduced -961 -961
42 Mountain Lake Investment Management LLC 1.43% of their portfolio SAN FRANCISCO, CA 13,44013.4k $1.9m $1.9m 1.43% Reduced -520 -520
43 Alhambra Investment Management LLC 0.82% of their portfolio PALMETTO BAY, FL 12,02012.0k $1.7m $1.7m 0.82% Added +568 +568
44 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 11,51911.5k $1.6m $1.6m 0.00% Reduced -341 -341
45 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 11,41111.4k $1.6m $1.6m 0.01% Added +1.0k +1,046
46 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 11,21911.2k $1.6m $1.6m 0.01% Unchanged
47 WIT Partners Advisory Pte. Ltd. 0.56% of their portfolio SINGAPORE, U0 11,20011.2k $1.5m $1.5m 0.56% New
48 Global Retirement Partners, LLC 0.04% of their portfolio San Rafael, CA 11,10911.1k $1.6m $1.6m 0.04% Added +10.6k +10,559
49 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 10,81310.8k $1.5m $1.5m 0.00% Reduced -1.6k -1,615
50 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ST. LOUIS, MO 10,74110.7k $1.5m $1.5m 0.02% Added +4.0k +3,958
51 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 10,59910.6k $1.5m $1.5m 0.02% Reduced -50 -50
52 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 10,41110.4k $1.5m $1.5m 0.00% Added +5.1k +5,149
53 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,28610.3k $1.5m $1.5m 0.00% Reduced -2.5k -2,467
54 Carrera Capital Advisors 0.26% of their portfolio TROY, MI 10,06010.1k $1.4m $1.4m 0.26% Reduced -20.3k -20,257
55 Private Wealth Advisors, LLC 0.54% of their portfolio Fresno, CA 10,02210.0k $1.4m $1.4m 0.54% New
56 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 9,7829.8k $1.4m $1.4m 0.00% Added +204 +204
57 Hedges Asset Management LLC 1.05% of their portfolio RENO, NV 9,6009.6k $1.4m $1.4m 1.05% Unchanged
58 Compound Planning, Inc. 0.04% of their portfolio NEW YORK, NY 9,1369.1k $1.3m $1.3m 0.04% Added +83 +83
59 AlphaCore Capital LLC 0.04% of their portfolio LA JOLLA, CA 8,7968.8k $1.3m $1.3m 0.04% Added +4.8k +4,808
60 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 8,6018.6k $1.2m $1.2m 0.01% New
61 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 7,7417.7k $1.1m $1.1m 0.00% Reduced -381 -381
62 Pettinga Financial Advisors LLC 0.20% of their portfolio EVANSVILLE, IN 7,0957.1k $1.0m $1.0m 0.20% Reduced -190 -190
63 Wakefield Asset Management LLLP 0.27% of their portfolio Englewood, CO 6,9066.9k $986.7k $986.7k 0.27% Added +1.8k +1,815
64 Briaud Financial Planning Inc 0.31% of their portfolio COLLEGE STATION, TX 6,6246.6k $946.4k $946.4k 0.31% Unchanged
65 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 6,6006.6k $943.0k $943.0k 0.01% Reduced -79.4k -79,446
66 EVOKE WEALTH, LLC 0.02% of their portfolio Los Angeles, CA 6,5146.5k $930.7k $930.7k 0.02% New
67 Hikari Tsushin, Inc. 0.06% of their portfolio TOKYO, M0 6,4966.5k $928.1k $928.1k 0.06% Unchanged
68 Linden Thomas Advisory Services, LLC 0.09% of their portfolio Charlotte, NC 6,1326.1k $876.1k $876.1k 0.09% Added +434 +434
69 Vanguard Capital Wealth Advisors 0.70% of their portfolio DENVER, CO 6,1016.1k $871.7k $871.7k 0.70% Reduced -16.0k -16,017
70 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 6,1006.1k $871.6k $871.6k 0.00% Unchanged
71 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 5,9485.9k $849.9k $849.9k 0.00% New
72 WOLVERINE TRADING, LLC 0.02% of their portfolio CHICAGO, IL 5,5735.6k $812.4k $812.4k 0.02% New
73 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 5,5715.6k $796.0k $796.0k 0.01% Added +3.1k +3,056
74 Financial Sense Advisors, Inc. 0.14% of their portfolio SAN DIEGO, CA 5,2855.3k $755.1k $755.1k 0.14% New
75 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 5,2705.3k $752.0k $752.0k 0.00% New
76 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 5,1345.1k $758.8k $758.8k 0.00% Added +1.7k +1,724
77 SEAVIEW INVESTMENT MANAGERS LLC 0.27% of their portfolio MIAMI, FL 5,1125.1k $730.4k $730.4k 0.27% Added +265 +265
78 B. Riley Wealth Advisors, Inc. 0.03% of their portfolio MEMPHIS, TN 5,0975.1k $728.3k $728.3k 0.03% Added +3.2k +3,177
79 Strategic Financial Concepts, LLC 0.11% of their portfolio SAN ANTONIO, TX 5,0865.1k $726.7k $726.7k 0.11% Added +54 +54
80 Bank Julius Baer & Co. Ltd, Zurich 0.00% of their portfolio ZURICH, V8 5,0255.0k $717.9k $717.9k 0.00% Added +203 +203
81 WT Wealth Management 0.20% of their portfolio SCOTTSDALE, AZ 4,8874.9k $698.3k $698.3k 0.20% New
82 X-Square Capital, LLC 0.22% of their portfolio GUAYNABO, PR 4,8254.8k $689.0k $689.0k 0.22% Reduced -10.0k -10,000
83 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,8074.8k $632.4k $632.4k 0.00% Added +2.7k +2,710
84 WOODWARD DIVERSIFIED CAPITAL, LLC 0.32% of their portfolio BAKERSFIELD, CA 4,8054.8k $686.5k $686.5k 0.32% Unchanged
85 CAPITAL ADVISORS INC/OK 0.01% of their portfolio TULSA, OK 4,8004.8k $685.8k $685.8k 0.01% Added +2.3k +2,335
86 Darden Wealth Group Inc 0.33% of their portfolio ANN ARBOR, MI 4,3604.4k $623.0k $623.0k 0.33% New
87 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 4,3004.3k $614.0k $614.0k 0.00% Unchanged
88 LaSalle St. Investment Advisors, LLC 0.10% of their portfolio ELMHURST, IL 3,7843.8k $540.0k $540.0k 0.10% Reduced -75 -75
89 MONEY CONCEPTS CAPITAL CORP 0.03% of their portfolio PALM BEACH GARDENS, FL 3,7553.8k $536.5k $536.5k 0.03% New
90 FNY Investment Advisers, LLC 0.17% of their portfolio NEW YORK, NY 3,6863.7k $526.0k $526.0k 0.17% Reduced -3.1k -3,129
91 WMG Financial Advisors, LLC 0.17% of their portfolio Knoxville, TN 3,4703.5k $495.8k $495.8k 0.17% Added +1.1k +1,050
92 Dauntless Investment Group, LLC 1.29% of their portfolio Milford, MI 3,4493.4k $492.8k $492.8k 1.29% Reduced -1.2k -1,167
93 Generation Capital Management LLC 0.34% of their portfolio PITTSFORD, NY 3,2503.2k $464.4k $464.4k 0.34% New
94 LETSON INVESTMENT MANAGEMENT, INC. 0.16% of their portfolio ATLANTA, GA 3,1003.1k $442.9k $442.9k 0.16% Unchanged
95 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 3,0633.1k $437.6k $437.6k 0.00% Added +75 +75
96 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 3,0483.0k $435.5k $435.5k 0.00% New
97 Marex Group Ltd 0.01% of their portfolio London, X0 3,0003.0k $428.6k $428.6k 0.01% New
98 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 2,9653.0k $423.6k $423.6k 0.02% Unchanged
99 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 2,9272.9k $418.2k $418.2k 0.01% Unchanged
100 Harel Insurance Investments & Financial Services Ltd. 0.00% of their portfolio Ramat Gan, L3 2,8002.8k $405.0k $405.0k 0.00% New