Vault-13

ABRDN PALLADIUM ETF TRUST PALL

PHYSICAL PALLADM · ETP · CUSIP 003262102

113 institutional holders -12 vs Q1 2026
5,407,0175.4m shares reported held*
$119.5mreported value*
10 new 30 added 40 reduced 22 sold out net sold ≈ $19.2m (-870.9k shares)

Q1 2026 share counts are adjusted for a 5-for-1 stock split, so holders aren't shown as buying or selling because of it.

* 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 ≈ $22.09. Options: 7 managers hold calls ($18.3m notional), 9 hold puts ($22.0m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 81Q4 22: 78Q1 23: 79Q2 23: 66Q3 23: 66Q4 23: 63Q1 24: 64Q2 24: 64Q3 24: 55Q4 24: 71Q1 25: 78Q2 25: 94Q3 25: 99Q4 25: 137Q1 26: 125Q2 26: 113113Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202281
Q4 202278
Q1 202379
Q2 202366
Q3 202366
Q4 202363
Q1 202464
Q2 202464
Q3 202455
Q4 202471
Q1 202578
Q2 202594
Q3 202599
Q4 2025137
Q1 2026125
Q2 2026113

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 23 bought or addedQ3 24: 25 cut or sold outQ4 24: 35 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 33 bought or addedQ1 25: 26 cut or sold outQ2 25: 54 bought or addedQ2 25: 23 cut or sold outQ2 25Q3 25: 55 bought or addedQ3 25: 36 cut or sold outQ4 25: 93 bought or addedQ4 25: 40 cut or sold outQ4 25Q1 26: 57 bought or addedQ1 26: 75 cut or sold outQ2 26: 40 bought or addedQ2 26: 62 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242325
Q4 20243514
Q1 20253326
Q2 20255423
Q3 20255536
Q4 20259340
Q1 20265775
Q2 20264062

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 25 calls: $49.2mQ3 25 puts: $24.5mQ3 25P/C 0.50Q4 25 calls: $112.9mQ4 25 puts: $109.6mQ4 25P/C 0.97Q1 26 calls: $88.0mQ1 26 puts: $59.9mQ1 26P/C 0.68Q2 26 calls: $18.3mQ2 26 puts: $22.0mQ2 26P/C 1.20
Numbers
QuarterCallsPutsP/C
Q3 2025$49.2m$24.5m0.50
Q4 2025$112.9m$109.6m0.97
Q1 2026$88.0m$59.9m0.68
Q2 2026$18.3m$22.0m1.20

Biggest buyers

CITADEL ADVISORS LLC Added +310,415+310.4k
ARVEST INVESTMENTS, INC. New +107,816+107.8k
Quaker Wealth Management, LLC Added +62,762+62.8k
Cambridge Investment Research Advisors, Inc. Added +51,515+51.5k
HRT FINANCIAL LP Added +49,612+49.6k
CITIGROUP INC New +42,906+42.9k
IHT Wealth Management, LLC Added +40,020+40.0k
GOLDMAN SACHS GROUP INC Added +37,493+37.5k
BNP PARIBAS FINANCIAL MARKETS Added +27,414+27.4k
AMERIPRISE FINANCIAL INC Added +27,203+27.2k

Biggest sellers

JANE STREET GROUP, LLC Reduced -298,872-298.9k
JPMORGAN CHASE & CO Reduced -264,379-264.4k
MAINSTAY CAPITAL MANAGEMENT LLC /ADV Sold out -238,685-238.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -112,021-112.0k
Brookwood Investment Group LLC Sold out -110,390-110.4k
MILLENNIUM MANAGEMENT LLC Sold out -105,055-105.1k
GROUP ONE TRADING LLC Reduced -69,713-69.7k
LPL Financial LLC Reduced -65,810-65.8k
MORGAN STANLEY Reduced -44,852-44.9k
Copley Financial Group, Inc. Reduced -39,785-39.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.7m214.1k shares
JANE STREET GROUP, LLC Reduced $3.9m178.2k shares
IMC-Chicago, LLC Reduced $3.5m158.7k shares
CITADEL ADVISORS LLC Reduced $3.2m146.3k shares
GROUP ONE TRADING LLC Reduced $1.8m79.5k shares
SIMPLEX TRADING, LLC Reduced $1.1m49.2k shares
Belvedere Trading LLC Reduced $99.4k4.5k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $7.7m350.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.0m224.7k shares
IMC-Chicago, LLC Reduced $3.1m139.8k shares
JANE STREET GROUP, LLC Reduced $2.3m104.4k shares
NOMURA HOLDINGS INC New $1.6m74.0k shares
HRT FINANCIAL LP Added $1.1m48.0k shares
Belvedere Trading LLC Reduced $750.7k34.0k shares
GROUP ONE TRADING LLC Reduced $313.5k14.2k shares
SIMPLEX TRADING, LLC Reduced $141.3k6.4k 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 since 1 Apr 2026

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 since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 718,119718.1k $15.9m $15.9m 0.01% Added +27.4k +27,414
2 Gradient Investments LLC 0.18% of their portfolio ARDEN HILLS, MN 575,505575.5k $12.7m $12.7m 0.18% Reduced -26.1k -26,145
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 409,393409.4k $9.0m $9.0m 0.00% Reduced -44.9k -44,852
4 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 324,215324.2k $7.2m $7.2m 0.00% Added +310.4k +310,415
5 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 262,966263.0k $5.8m $5.8m 0.00% Added +12.9k +12,866
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 248,720248.7k $5.5m $5.5m 0.00% Reduced -65.8k -65,810
7 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 226,880226.9k $5.0m $5.0m 0.00% Added +5 +5
8 KESTRA PRIVATE WEALTH SERVICES, LLC 0.05% of their portfolio AUSTIN, TX 212,868212.9k $4.7m $4.7m 0.05% Added +5.7k +5,658
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 207,868207.9k $4.6m $4.6m 0.00% Reduced -30.0k -30,002
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 176,064176.1k $3.9m $3.9m 0.00% Added +19.7k +19,694
11 EVERGREEN CAPITAL MANAGEMENT LLC 0.05% of their portfolio Bellevue, WA 122,415122.4k $2.7m $2.7m 0.05% Reduced -1.8k -1,790
12 ARVEST INVESTMENTS, INC. 0.29% of their portfolio LOWELL, AR 107,816107.8k $2.4m $2.4m 0.29% New
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 106,120106.1k $2.3m $2.3m 0.00% Reduced -5.9k -5,920
14 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 101,190101.2k $2.2m $2.2m 0.00% Added +51.5k +51,515
15 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 96,19296.2k $2.1m $2.1m 0.00% Added +10.4k +10,437
16 Marshall Financial Group, LLC 0.30% of their portfolio Hunt Valley, MD 93,87593.9k $2.1m $2.1m 0.30% Reduced -10 -10
17 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 75,38475.4k $1.7m $1.7m 0.00% Reduced -112.0k -112,021
18 IHT Wealth Management, LLC 0.03% of their portfolio Chicago, IL 71,69071.7k $1.6m $1.6m 0.03% Added +40.0k +40,020
19 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 67,27367.3k $1.5m $1.5m 0.00% Added +27.2k +27,203
20 Quaker Wealth Management, LLC 0.41% of their portfolio MOORESTOWN, NJ 63,76763.8k $1.4m $1.4m 0.41% Added +62.8k +62,762
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 62,47662.5k $1.4m $1.4m 0.00% Reduced -264.4k -264,379
22 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 62,30262.3k $1.4m $1.4m 0.00% Added +49.6k +49,612
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 48,45848.5k $1.1m $1.1m 0.00% Added +37.5k +37,493
24 Copley Financial Group, Inc. 0.60% of their portfolio SAN DIEGO, CA 45,17045.2k $997.4k $997.4k 0.60% Reduced -39.8k -39,785
25 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 42,90642.9k $947.4k $947.4k 0.00% New
26 Titiun Yejiel 0.81% of their portfolio PUNTA DEL ESTE, X3 42,30542.3k $934.1k $934.1k 0.81% Unchanged
27 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 40,62040.6k $896.9k $896.9k 0.00% Reduced -11.3k -11,275
28 Linden Thomas Advisory Services, LLC 0.07% of their portfolio Charlotte, NC 40,59340.6k $896.3k $896.3k 0.07% Added +3.6k +3,618
29 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 37,63037.6k $830.9k $830.9k 0.00% Reduced -1.2k -1,205
30 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 36,56336.6k $807.0k $807.0k 0.00% Reduced -21.9k -21,902
31 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 36,19236.2k $799.1k $799.1k 0.00% Added +732 +732
32 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 31,42031.4k $694.0k $694.0k 0.00% Reduced -300 -300
33 Alhambra Investment Management LLC 0.30% of their portfolio PALMETTO BAY, FL 31,29231.3k $690.9k $690.9k 0.30% Reduced -563 -563
34 Belvedere Trading LLC 0.05% of their portfolio CHICAGO, IL 28,56728.6k $630.8k $630.8k 0.05% Added +19.0k +18,992
35 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 28,03328.0k $619.0k $619.0k 0.00% Reduced -298.9k -298,872
36 Pekin Hardy Strauss, Inc. 0.05% of their portfolio CHICAGO, IL 25,87525.9k $571.3k $571.3k 0.05% Reduced -250 -250
37 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 22,62522.6k $499.6k $499.6k 0.01% Reduced -750 -750
38 Essex Financial Services, Inc. 0.02% of their portfolio ESSEX, CT 21,12521.1k $466.4k $466.4k 0.02% Unchanged
39 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 19,56819.6k $431.3k $431.3k 0.00% Reduced -1.6k -1,582
40 Optiver Holding B.V. 0.01% of their portfolio AMSTERDAM, P7 18,57518.6k $410.1k $410.1k 0.01% Added +3.8k +3,800
41 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 18,05318.1k $398.6k $398.6k 0.00% Reduced -18.4k -18,447
42 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 17,85517.9k $394.2k $394.2k 0.01% Unchanged
43 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 16,00216.0k $353.3k $353.3k 0.00% Reduced -6.2k -6,223
44 MATAURO, LLC 0.04% of their portfolio NEW YORK, NY 14,50814.5k $320.3k $320.3k 0.04% Reduced -29.9k -29,897
45 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 14,28514.3k $315.4k $315.4k 0.00% Unchanged
46 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 14,04514.0k $309.6k $309.6k 0.00% Added +1.9k +1,935
47 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 13,71513.7k $302.8k $302.8k 0.00% Reduced -1.4k -1,390
48 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 13,48313.5k $297.7k $297.7k 0.00% New
49 Kellett Wealth Advisors, LLC 0.14% of their portfolio CINCINNATI, OH 13,38013.4k $295.4k $295.4k 0.14% Added +40 +40
50 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 13,33013.3k $294.3k $294.3k 0.01% Added +70 +70
51 Total Wealth Planning & Management, Inc. 0.21% of their portfolio Ponte Vedra Beach, FL 12,86512.9k $284.1k $284.1k 0.21% Reduced -3.2k -3,180
52 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 12,76812.8k $281.9k $281.9k 0.01% Reduced -1.1k -1,067
53 Fortis Capital Advisors, LLC 0.03% of their portfolio PRAIRIE VILLAGE, KS 12,76812.8k $281.9k $281.9k 0.03% Reduced -1.1k -1,067
54 Valeo Financial Advisors, LLC 0.01% of their portfolio CARMEL, IN 12,75012.8k $281.5k $281.5k 0.01% Unchanged
55 Betterment LLC 0.00% of their portfolio NEW YORK, NY 12,26612.3k $271.0k $271.0k 0.00% Reduced -164 -164
56 J.W. COLE ADVISORS, INC. 0.00% of their portfolio TAMPA, FL 12,21012.2k $269.6k $269.6k 0.00% Added +4.2k +4,175
57 AMG National Trust Bank 0.01% of their portfolio GREENWOOD VILLAGE, CO 11,49511.5k $253.8k $253.8k 0.01% Reduced -2.9k -2,890
58 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 11,36811.4k $251.0k $251.0k 0.00% Reduced -1.7k -1,737
59 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,80010.8k $238.5k $238.5k 0.00% Reduced -13.8k -13,770
60 COMPASS CAPITAL CORP /MA/ /ADV 0.09% of their portfolio BRAINTREE, MA 10,77510.8k $271.0k $271.0k 0.09% Added +300 +300
61 Generation Capital Management LLC 0.15% of their portfolio PITTSFORD, NY 10,75010.8k $237.4k $237.4k 0.15% Added +375 +375
62 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 10,68510.7k $235.9k $235.9k 0.00% Reduced -9.7k -9,670
63 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 10,47510.5k $231.3k $231.3k 0.00% Unchanged
64 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 9,6749.7k $213.6k $213.6k 0.00% Reduced -4.8k -4,821
65 AlphaCore Capital LLC 0.00% of their portfolio LA JOLLA, CA 9,4609.5k $208.9k $208.9k 0.00% Unchanged
66 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 9,3709.4k $206.9k $206.9k 0.00% Reduced -490 -490
67 TUCKER ASSET MANAGEMENT LLC 0.05% of their portfolio LITTLETON, CO 9,2889.3k $205.1k $205.1k 0.05% Added +883 +883
68 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 9,0009.0k $198.7k $198.7k 0.00% Unchanged
69 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 7,4307.4k $164.1k $164.1k 0.00% Unchanged
70 CREATIVE FINANCIAL DESIGNS INC /ADV 0.01% of their portfolio KOKOMO, IN 7,3597.4k $162.5k $162.5k 0.01% Added +1.5k +1,469
71 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 5,9475.9k $131.3k $131.3k 0.00% Reduced -69.7k -69,713
72 Heritage Wealth Advisors 0.00% of their portfolio RICHMOND, VA 5,6255.6k $124.2k $124.2k 0.00% Unchanged
73 Gunpowder Capital Management, LLC dba Oliver Wealth Management 0.08% of their portfolio TOWSON, MD 5,0105.0k $110.6k $110.6k 0.08% Reduced -2.0k -2,000
74 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,4054.4k $97.3k $97.3k 0.00% Reduced -6.7k -6,680
75 Luminist Capital LLC 0.09% of their portfolio GRAND RAPIDS, MI 3,5593.6k $78.6k $78.6k 0.09% New
76 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,9603.0k $65.4k $65.4k 0.00% Added +1.2k +1,235
77 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 2,5952.6k $57.3k $57.3k 0.00% New
78 FMR LLC 0.00% of their portfolio BOSTON, MA 2,5522.6k $56.4k $56.4k 0.00% Added +2.4k +2,387
79 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 2,5002.5k $55.0k $55.0k 0.00% New
80 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 2,2502.2k $49.7k $49.7k 0.00% First filing
81 Noble Wealth Management PBC 0.02% of their portfolio GREENWOOD VILLAGE, CO 2,0102.0k $44.4k $44.4k 0.02% Unchanged
82 NATIXIS 0.00% of their portfolio PARIS, I0 1,8811.9k $41.2k $41.2k 0.00% Reduced -394 -394
83 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 1,6471.6k $36.4k $36.4k 0.00% Added +1.4k +1,446
84 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,1851.2k $26.2k $26.2k 0.00% Unchanged
85 Strategic Investment Solutions, Inc. /IL 0.01% of their portfolio ORLAND PARK, IL 1,1501.1k $25.4k $25.4k 0.01% Unchanged
86 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,0151.0k $22.4k $22.4k 0.00% Unchanged
87 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 1,0151.0k $22.0k $22.0k 0.00% Not comparable
88 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 900900 $19.9k $19.9k 0.00% Reduced -405 -405
89 VALLEY NATIONAL ADVISERS INC 0.00% of their portfolio BETHLEHEM, PA 870870 $19.2k $19.2k 0.00% Unchanged
90 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 775775 $17.1k $17.1k 0.00% Unchanged
91 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 750750 $16.6k $16.6k 0.00% Unchanged
92 Keating Financial Advisory Services, Inc. 0.00% of their portfolio MANHATTAN, KS 562562 $12.4k $12.4k 0.00% Added +162 +162
93 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 500500 $11.0k $11.0k 0.00% Unchanged
94 COMPASS FINANCIAL MANAGEMENT LLC 0.00% of their portfolio TAMPA, FL 500500 $12.2k $12.2k 0.00% First filing
95 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 490490 $10.8k $10.8k 0.00% Reduced -60 -60
96 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 440440 $10.0k $10.0k 0.00% Unchanged
97 SJS Investment Consulting Inc. 0.00% of their portfolio SYLVANIA, OH 375375 $8.3k $8.3k 0.00% Unchanged
98 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 360360 $7.9k $7.9k 0.00% New
99 PROFFITT & GOODSON INC 0.00% of their portfolio KNOXVILLE, TN 325325 $7.2k $7.2k 0.00% Unchanged
100 Hilltop National Bank 0.00% of their portfolio CASPER, WY 300300 $6.6k $6.6k 0.00% Unchanged