Vault-13

ABRDN PLATINUM ETF TRUST PPLT

PHYSCL PLATM SHS · ETP · CUSIP 003260106

246 institutional holders +57 vs Q3 2025
4,084,6634.1m shares reported held*
$761.8mreported value*
74 new 63 added 51 reduced 28 sold out net bought ≈ $150.9m (+809.3k 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 ≈ $186.49. Options: 9 managers hold calls ($296.0m notional), 8 hold puts ($239.5m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 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: 189Q4 25: 246246Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025246

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 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 25Q3 25: 100 bought or addedQ3 25: 69 cut or sold outQ4 25: 137 bought or addedQ4 25: 79 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243859
Q2 20246042
Q3 20245249
Q4 20246847
Q1 20256552
Q2 20259358
Q3 202510069
Q4 202513779

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ1 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 1.02Q4 25 calls: $296.0mQ4 25 puts: $239.5mQ4 25P/C 0.81
Numbers
QuarterCallsPutsP/C
Q1 2025$3.1m$1.1m0.35
Q2 2025$72.1m$19.4m0.27
Q3 2025$95.2m$97.3m1.02
Q4 2025$296.0m$239.5m0.81

Biggest buyers

GOLDMAN SACHS GROUP INC Added +340,856+340.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +191,108+191.1k
BNP PARIBAS FINANCIAL MARKETS Added +100,602+100.6k
MORGAN STANLEY Added +74,090+74.1k
BANK OF AMERICA CORP /DE/ Added +50,199+50.2k
Southeast Asset Advisors, LLC New +37,945+37.9k
JPMORGAN CHASE & CO Added +35,865+35.9k
BANK OF MONTREAL /CAN/ New +33,205+33.2k
L & S Advisors Inc New +27,093+27.1k
Rockefeller Capital Management L.P. Added +23,384+23.4k

Biggest sellers

PROSPECTOR PARTNERS LLC Sold out -87,755-87.8k
PenderFund Capital Management Ltd. Reduced -60,000-60.0k
Trek Financial, LLC Sold out -27,335-27.3k
Manatuck Hill Partners, LLC Sold out -25,000-25.0k
LPL Financial LLC Reduced -21,361-21.4k
HOHIMER WEALTH MANAGEMENT, LLC Sold out -18,550-18.6k
IMC-Chicago, LLC Sold out -17,974-18.0k
Sender Co & Partners, Inc. Reduced -16,415-16.4k
Consolidated Portfolio Review Corp Sold out -16,299-16.3k
INTREPID FAMILY OFFICE LLC Reduced -15,000-15.0k

Biggest calls

CITADEL ADVISORS LLC Added $65.5m351.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $56.9m305.2k shares
GROUP ONE TRADING LLC Added $55.9m299.8k shares
JANE STREET GROUP, LLC Added $55.7m299.0k shares
IMC-Chicago, LLC New $42.2m226.2k shares
SIMPLEX TRADING, LLC Added $11.9m63.9k shares
Belvedere Trading LLC Reduced $7.8m42.0k shares
Private Advisor Group, LLC New $48.1k1.0k shares
US BANCORP \DE\ New $3.3k2 shares

Biggest puts

GROUP ONE TRADING LLC Added $54.8m293.8k shares
CITADEL ADVISORS LLC Added $50.3m269.7k shares
JANE STREET GROUP, LLC Added $49.9m267.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $34.5m184.8k shares
IMC-Chicago, LLC New $27.7m148.7k shares
Belvedere Trading LLC Added $13.4m71.7k shares
SIMPLEX TRADING, LLC Added $7.7m41.3k shares
MILLENNIUM MANAGEMENT LLC New $1.4m7.5k 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 Q4 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 Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 346,804346.8k $64.7m $64.7m 0.01% Added +340.9k +340,856
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 326,667326.7k $60.9m $60.9m 0.00% Added +74.1k +74,090
3 CENTRAL TRUST Co 1.16% of their portfolio JEFFERSON CITY, MO 318,312318.3k $59.3m $59.3m 1.16% Reduced -13.0k -13,001
4 PenderFund Capital Management Ltd. 7.11% of their portfolio VANCOUVER, A1 242,000242.0k $45.1m $45.1m 7.11% Reduced -60.0k -60,000
5 HOLLENCREST CAPITAL MANAGEMENT 1.50% of their portfolio NEWPORT BEACH, CA 231,930231.9k $43.2m $43.2m 1.50% Unchanged
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio BALA CYNWYD, PA 211,735211.7k $39.5m $39.5m 0.05% Added +191.1k +191,108
7 UBS Group AG 0.01% of their portfolio ZURICH, V8 179,447179.4k $33.5m $33.5m 0.01% Added +6.9k +6,863
8 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 174,974175.0k $32.6m $32.6m 0.02% Added +100.6k +100,602
9 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 167,584167.6k $31.2m $31.2m 0.01% Reduced -21.4k -21,361
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 103,467103.5k $19.3m $19.3m 0.00% Added +50.2k +50,199
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 85,18485.2k $15.9m $15.9m 0.00% Reduced -2.2k -2,248
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 84,66984.7k $15.8m $15.8m 0.00% Added +35.9k +35,865
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 83,34783.3k $15.5m $15.5m 0.00% Added +5.9k +5,897
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 73,46573.5k $13.7m $13.7m 0.00% Added +600 +600
15 Pekin Hardy Strauss, Inc. 1.10% of their portfolio CHICAGO, IL 63,62563.6k $11.9m $11.9m 1.10% Added +13.2k +13,176
16 Black Swift Group, LLC 1.80% of their portfolio BOULDER, CO 58,04058.0k $10.8m $10.8m 1.80% Added +5.0k +4,950
17 Corecam Pte. Ltd. 4.64% of their portfolio SINGAPORE, U0 46,89646.9k $8.7m $8.7m 4.64% Reduced -12.9k -12,950
18 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 45,51045.5k $8.5m $8.5m 0.02% Added +23.4k +23,384
19 INTREPID FAMILY OFFICE LLC 7.18% of their portfolio SARASOTA, FL 40,00040.0k $7.5m $7.5m 7.18% Reduced -15.0k -15,000
20 Southeast Asset Advisors, LLC 0.67% of their portfolio THOMASVILLE, GA 37,94537.9k $7.1m $7.1m 0.67% New
21 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 36,47936.5k $6.8m $6.8m 0.01% Added +7.2k +7,182
22 SPROTT INC. 0.24% of their portfolio TORONTO, A6 36,22336.2k $6.8m $6.8m 0.24% Reduced -5.6k -5,556
23 Bleakley Financial Group, LLC 0.12% of their portfolio PARSIPPANY, NJ 35,66035.7k $6.6m $6.6m 0.12% Added +8.1k +8,132
24 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 33,20533.2k $6.2m $6.2m 0.00% New
25 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 31,48031.5k $5.9m $5.9m 0.01% Unchanged
26 Arkadios Wealth Advisors 0.11% of their portfolio ATLANTA, GA 30,59530.6k $5.7m $5.7m 0.11% Reduced -1.1k -1,095
27 L & S Advisors Inc 0.47% of their portfolio Los Angeles, CA 27,09327.1k $5.1m $5.1m 0.47% New
28 Journey Advisory Group, LLC 0.40% of their portfolio COVINGTON, KY 25,81425.8k $4.8m $4.8m 0.40% Reduced -6.1k -6,146
29 Accordant Advisory Group Inc 3.30% of their portfolio ANNAPOLIS, MD 25,64725.6k $4.8m $4.8m 3.30% Added +1.1k +1,150
30 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 23,99024.0k $4.5m $4.5m 0.00% Added +12.5k +12,471
31 ABBINGTON INVESTMENT GROUP 3.05% of their portfolio WESTPORT, CT 23,96424.0k $4.5m $4.5m 3.05% Added +1.2k +1,200
32 Corecam AG 3.75% of their portfolio ZURICH, V8 20,03020.0k $3.7m $3.7m 3.75% First filing
33 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 19,10419.1k $3.6m $3.6m 0.00% Added +8.8k +8,818
34 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 18,39018.4k $3.4m $3.4m 0.00% Added +280 +280
35 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 18,06618.1k $3.4m $3.4m 0.00% Reduced -1.4k -1,398
36 Mariner, LLC 0.00% of their portfolio Overland Park, KS 17,94117.9k $3.3m $3.3m 0.00% New
37 Q3 Asset Management 0.75% of their portfolio BIRMINGHAM, MI 17,60917.6k $3.3m $3.3m 0.75% New
38 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 15,54515.5k $2.9m $2.9m 0.00% Added +5.1k +5,134
39 PHILADELPHIA TRUST CO 0.20% of their portfolio PHILADELPHIA, PA 15,41715.4k $2.9m $2.9m 0.20% Reduced -1.6k -1,569
40 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 15,18515.2k $2.8m $2.8m 0.01% Reduced -3.0k -2,979
41 Ancora Advisors LLC 0.06% of their portfolio Cleveland, OH 15,03715.0k $2.8m $2.8m 0.06% Reduced -105 -105
42 INGALLS & SNYDER LLC 0.10% of their portfolio NEW YORK, NY 14,08214.1k $2.6m $2.6m 0.10% Reduced -21 -21
43 Brookwood Investment Group LLC 0.31% of their portfolio PHOENIX, AZ 13,83513.8k $2.6m $2.6m 0.31% New
44 SIMPLEX TRADING, LLC 0.07% of their portfolio CHICAGO, IL 13,75513.8k $2.6m $2.6m 0.07% New
45 Geneos Wealth Management Inc. 0.06% of their portfolio ENGLEWOOD, CO 13,41213.4k $2.5m $2.5m 0.06% Added +12.5k +12,512
46 ARMOR ADVISORS, L.L.C. 2.52% of their portfolio NEW YORK, NY 12,90312.9k $2.4m $2.4m 2.52% New
47 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ST. LOUIS, MO 12,74512.7k $2.4m $2.4m 0.04% Added +2.0k +2,004
48 McAlvany Wealth Management LLC 1.71% of their portfolio DURANGO, CO 11,98512.0k $2.2m $2.2m 1.71% First filing
49 Global Retirement Partners, LLC 0.04% of their portfolio San Rafael, CA 11,59411.6k $2.2m $2.2m 0.04% Added +485 +485
50 Mountain Lake Investment Management LLC 1.61% of their portfolio SAN FRANCISCO, CA 11,38311.4k $2.1m $2.1m 1.61% Reduced -2.1k -2,057
51 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 11,21911.2k $2.1m $2.1m 0.01% Unchanged
52 WIT Partners Advisory Pte. Ltd. 0.69% of their portfolio SINGAPORE, U0 11,20011.2k $2.0m $2.0m 0.69% Unchanged
53 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,91010.9k $2.0m $2.0m 0.00% Added +3.2k +3,169
54 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 10,59910.6k $2.0m $2.0m 0.02% Unchanged
55 AlphaCore Capital LLC 0.04% of their portfolio LA JOLLA, CA 10,19610.2k $1.9m $1.9m 0.04% Added +1.4k +1,400
56 Private Wealth Advisors, LLC 0.67% of their portfolio Fresno, CA 9,96710.0k $1.9m $1.9m 0.67% Reduced -55 -55
57 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 9,4739.5k $1.8m $1.8m 0.00% New
58 Hedges Asset Management LLC 1.24% of their portfolio RENO, NV 9,4509.4k $1.8m $1.8m 1.24% Reduced -150 -150
59 Holcombe Financial, Inc. 1.06% of their portfolio ATLANTA, GA 9,0649.1k $1.7m $1.7m 1.06% New
60 Carrera Capital Advisors 0.28% of their portfolio TROY, MI 8,9228.9k $1.7m $1.7m 0.28% Reduced -1.1k -1,138
61 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 8,8618.9k $1.7m $1.7m 0.01% Reduced -2.5k -2,550
62 EVOKE WEALTH, LLC 0.03% of their portfolio Los Angeles, CA 8,5348.5k $1.6m $1.6m 0.03% Added +2.0k +2,020
63 BASSO CAPITAL MANAGEMENT, L.P. 0.92% of their portfolio STAMFORD, CT 8,2868.3k $1.5m $1.5m 0.92% Added +6.3k +6,276
64 CENTAURUS FINANCIAL, INC. 0.07% of their portfolio ANAHEIM, CA 8,2718.3k $1.5m $1.5m 0.07% New
65 Compound Planning, Inc. 0.04% of their portfolio NEW YORK, NY 8,1598.2k $1.5m $1.5m 0.04% Reduced -977 -977
66 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 8,0988.1k $1.5m $1.5m 0.00% Added +3.3k +3,291
67 IHT Wealth Management, LLC 0.04% of their portfolio Chicago, IL 8,0678.1k $1.5m $1.5m 0.04% New
68 Alhambra Investment Management LLC 0.68% of their portfolio PALMETTO BAY, FL 7,7867.8k $1.5m $1.5m 0.68% Reduced -4.2k -4,234
69 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 7,5917.6k $1.4m $1.4m 0.02% New
70 B. Riley Wealth Advisors, Inc. 0.07% of their portfolio MEMPHIS, TN 7,5797.6k $1.4m $1.4m 0.07% Added +2.5k +2,482
71 Southland Equity Partners LLC 0.28% of their portfolio WILDWOOD, MO 7,5457.5k $1.4m $1.4m 0.28% New
72 PRINCIPAL SECURITIES, INC. 0.02% of their portfolio DES MOINES, IA 7,2137.2k $1.3m $1.3m 0.02% Added +7.2k +7,184
73 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 7,1547.2k $1.3m $1.3m 0.00% Reduced -2.6k -2,628
74 Keel Point, LLC 0.08% of their portfolio HUNTSVILLE, AL 7,1267.1k $1.3m $1.3m 0.08% Reduced -10.2k -10,169
75 Hyposwiss Advisors SA 1.30% of their portfolio GENEVA, V8 7,1257.1k $1.3m $1.3m 1.30% First filing
76 Kovack Advisors, Inc. 0.06% of their portfolio FT. LAUDERDALE, FL 7,0707.1k $1.3m $1.3m 0.06% New
77 Sender Co & Partners, Inc. 0.73% of their portfolio NEW YORK, NY 6,9006.9k $1.3m $1.3m 0.73% Reduced -16.4k -16,415
78 INDEPENDENT FINANCIAL GROUP, LLC 0.03% of their portfolio SAN DIEGO, CA 6,6666.7k $1.2m $1.2m 0.03% Added +4.1k +4,105
79 Financially Speaking Inc 0.80% of their portfolio GREENWOOD VILLAGE, CO 6,6566.7k $1.2m $1.2m 0.80% New
80 Briaud Financial Planning Inc 0.30% of their portfolio COLLEGE STATION, TX 6,6246.6k $1.2m $1.2m 0.30% Unchanged
81 ARVEST INVESTMENTS, INC. 0.17% of their portfolio LOWELL, AR 6,6036.6k $1.2m $1.2m 0.17% Reduced -10.2k -10,175
82 Hikari Tsushin, Inc. 0.08% of their portfolio TOKYO, M0 6,4966.5k $1.2m $1.2m 0.08% Unchanged
83 Linden Thomas Advisory Services, LLC 0.12% of their portfolio Charlotte, NC 6,3896.4k $1.2m $1.2m 0.12% Added +257 +257
84 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 6,2606.3k $1.2m $1.2m 0.01% New
85 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 6,2006.2k $1.2m $1.2m 0.01% Added +4.1k +4,080
86 Pettinga Financial Advisors LLC 0.21% of their portfolio EVANSVILLE, IN 6,0106.0k $1.1m $1.1m 0.21% Reduced -1.1k -1,085
87 WMG Financial Advisors, LLC 0.45% of their portfolio Knoxville, TN 5,8705.9k $1.1m $1.1m 0.45% Added +2.4k +2,400
88 WT Wealth Management 0.31% of their portfolio SCOTTSDALE, AZ 5,7275.7k $1.1m $1.1m 0.31% Added +840 +840
89 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 5,6695.7k $1.1m $1.1m 0.00% Added +2.6k +2,621
90 TCFG WEALTH MANAGEMENT, LLC 0.41% of their portfolio LAGUNA NIGUEL, CA 5,6505.7k $1.1m $1.1m 0.41% New
91 Global View Capital Management LLC 0.19% of their portfolio WAUKESHA, WI 5,5195.5k $1.0m $1.0m 0.19% New
92 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 5,3045.3k $1.2m $1.2m 0.00% Added +170 +170
93 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 5,3005.3k $988.1k $988.1k 0.00% Reduced -800 -800
94 Bank Julius Baer & Co. Ltd, Zurich 0.00% of their portfolio ZURICH, V8 5,2725.3k $982.8k $982.8k 0.00% Added +247 +247
95 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 4,9935.0k $930.8k $930.8k 0.00% New
96 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 4,8504.8k $904.2k $904.2k 0.00% Reduced -1.8k -1,750
97 CAPITAL ADVISORS INC/OK 0.01% of their portfolio TULSA, OK 4,8004.8k $894.9k $894.9k 0.01% Unchanged
98 Sassicaia Capital Advisers LLC 1.88% of their portfolio JERICHO, NY 4,6004.6k $857.6k $857.6k 1.88% New
99 Wakefield Asset Management LLLP 0.23% of their portfolio Englewood, CO 4,5384.5k $846.0k $846.0k 0.23% Reduced -2.4k -2,368
100 Belpointe Asset Management LLC 0.03% of their portfolio RENO, NV 4,5374.5k $845.8k $845.8k 0.03% New