SPROTT PHYSICAL PLAT PALLAD SPPP
UNIT · Closed-End Fund · CUSIP 85207Q104
- SectorFinancials
- IndustryCommodity Contracts Brokers & Dealers
- FilingsSEC EDGAR
* 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 ≈ $12.45.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 47 |
| Q4 2022 | 50 |
| Q1 2023 | 53 |
| Q2 2023 | 47 |
| Q3 2023 | 47 |
| Q4 2023 | 49 |
| Q1 2024 | 43 |
| Q2 2024 | 46 |
| Q3 2024 | 47 |
| Q4 2024 | 57 |
| Q1 2025 | 56 |
| Q2 2025 | 67 |
| Q3 2025 | 57 |
| Q4 2025 | 68 |
| Q1 2026 | 79 |
| Q2 2026 | 79 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 14 | 15 |
| Q4 2024 | 27 | 13 |
| Q1 2025 | 24 | 17 |
| Q2 2025 | 35 | 16 |
| Q3 2025 | 30 | 30 |
| Q4 2025 | 41 | 17 |
| Q1 2026 | 45 | 31 |
| Q2 2026 | 30 | 36 |
Biggest buyers
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +411.8k |
| GOLDMAN SACHS GROUP INC | Added | +220.3k |
| INSIGNEO ADVISORY SERVICES, LLC | New | +161.5k |
| Cedrus Wealth Group LLC | Added | +117.4k |
| Weiss Asset Management LP | Added | +34.1k |
| PRELUDE CAPITAL MANAGEMENT, LLC | New | +30.0k |
| Pekin Hardy Strauss, Inc. | New | +24.4k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +17.6k |
| J.W. COLE ADVISORS, INC. | New | +13.9k |
| OSAIC HOLDINGS, INC. | Added | +13.3k |
Biggest sellers
| Logan Stone Capital, LLC | Sold out | -537.2k |
| ROYAL BANK OF CANADA | Reduced | -430.8k |
| JANE STREET GROUP, LLC | Reduced | -175.2k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Reduced | -126.7k |
| MORGAN STANLEY | Reduced | -121.3k |
| HighTower Advisors, LLC | Reduced | -60.1k |
| SPROTT INC. | Reduced | -48.1k |
| XTX Topco Ltd | Reduced | -46.3k |
| Private Advisor Group, LLC | Sold out | -33.7k |
| LPL Financial LLC | Reduced | -28.6k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| RAYMOND JAMES & ASSOCIATES 13G · institution new · filed 2025-10-23 | 5.1% |
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
| Manager | Shares | Change |
|---|---|---|
| IMC-Chicago, LLC 0.34% of their portfolio | 3.0m $37.4m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.5m $18.4m | Added +220.3k |
| Fielder Capital Group LLC 2.39% of their portfolio | 885.7k $11.0m | Added +12.9k |
| MORGAN STANLEY 0.00% of their portfolio | 738.4k $9.2m | Reduced -121.3k |
| Weiss Asset Management LP 0.10% of their portfolio | 729.5k $9.1m | Added +34.1k |
| Cedrus Wealth Group LLC 6.39% of their portfolio | 587.6k $7.3m | Added +117.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 579.7k $7.2m | Reduced -12.6k |
| Nokomis Capital, L.L.C. 2.50% of their portfolio | 546.8k $6.8m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 411.8k $5.1m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 311.3k $3.9m | Reduced -430.8k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 179.4k $2.2m | Added +13.3k |
| INSIGNEO ADVISORY SERVICES, LLC 0.08% of their portfolio | 161.5k $2.0m | New |
| OneDigital Investment Advisors LLC 0.01% of their portfolio | 129.0k $1.6m | Reduced -4.3k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 124.2k $1.5m | Reduced -14.4k |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 112.4k $1.4m | Reduced -19.8k |
| SPROTT INC. 0.05% of their portfolio | 111.8k $1.4m | Reduced -48.1k |
| Beacon Pointe Advisors, LLC 0.01% of their portfolio | 105.2k $1.3m | Added +9.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 103.7k $1.3m | Reduced -17.4k |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 102.9k $1.3m | Added +17.6k |
| LPL Financial LLC 0.00% of their portfolio | 100.6k $1.3m | Reduced -28.6k |
| HC Advisors, LLC 0.48% of their portfolio | 63.2k $787.3k | Added +9.7k |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 57.2k $708.8k | Reduced -5.4k |
| Wakefield Asset Management LLLP 0.15% of their portfolio | 52.7k $656.6k | Reduced -12.7k |
| Cetera Investment Advisers 0.00% of their portfolio | 50.1k $624.3k | Reduced -18.9k |
| Cerity Partners LLC 0.00% of their portfolio | 40.2k $500.2k | Unchanged |
| Cannell & Spears LLC 0.01% of their portfolio | 35.0k $435.8k | Unchanged |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 34.7k $432.5k | Reduced -10.1k |
| JOHNSON INVESTMENT COUNSEL INC 0.00% of their portfolio | 30.0k $373.5k | Unchanged |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 30.0k $373.5k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 27.8k $346.0k | Added +1.3k |
| Bayshore Capital Advisors, LLC 0.16% of their portfolio | 26.8k $333.7k | Unchanged |
| &PARTNERS 0.00% of their portfolio | 25.2k $313.7k | Added +200 |
| HUB Investment Partners, LLC 0.01% of their portfolio | 25.0k $311.2k | Unchanged |
| Pekin Hardy Strauss, Inc. 0.03% of their portfolio | 24.4k $303.4k | New |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 23.6k $270.0k | Reduced -562 |
| Main Street Financial Solutions, LLC 0.02% of their portfolio | 23.2k $289.5k | Added +5.4k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.00% of their portfolio | 23.0k $286.4k | Unchanged |
| Stratos Wealth Partners, LTD. 0.00% of their portfolio | 22.5k $280.5k | Added +300 |
| XTX Topco Ltd 0.00% of their portfolio | 22.4k $279.5k | Reduced -46.3k |
| FIDELIS CAPITAL PARTNERS, LLC 0.01% of their portfolio | 20.0k $249.0k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 18.5k $229.9k | Added +862 |
| Pettinga Financial Advisors LLC 0.04% of their portfolio | 18.4k $229.1k | Added +2.1k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 18.1k $225.0k | Reduced -1.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 17.4k $217.3k | Reduced -175.2k |
| UBS Group AG 0.00% of their portfolio | 15.3k $190.4k | Reduced -17.9k |
| J.W. COLE ADVISORS, INC. 0.00% of their portfolio | 13.9k $173.7k | New |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 12.9k $162.2k | Reduced -126.7k |
| DAVENPORT & Co LLC 0.00% of their portfolio | 11.7k $145.5k | New |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 11.3k $141.2k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 10.8k $134.7k | Reduced -60.1k |
| Brookstone Capital Management 0.00% of their portfolio | 10.4k $129.2k | Reduced -107 |
| Prospera Financial Services Inc 0.00% of their portfolio | 10.0k $124.5k | Unchanged |
| Central Pacific Bank - Trust Division 0.01% of their portfolio | 8.8k $110.2k | Unchanged |
| Strategic Investment Solutions, Inc. /IL 0.02% of their portfolio | 8.3k $103.7k | Reduced -5.4k |
| Dogwood Wealth Management LLC 0.03% of their portfolio | 6.3k $78.4k | Unchanged |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 5.5k $68.5k | New |
| AdvisorNet Financial, Inc 0.00% of their portfolio | 4.8k $60.2k | Unchanged |
| Smithfield Trust Co 0.00% of their portfolio | 4.5k $56.0k | New |
| HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio | 4.3k $53.8k | Added +568 |
| Ameritas Advisory Services, LLC 0.00% of their portfolio | 4.0k $49.8k | New |
| COMPASS FINANCIAL MANAGEMENT LLC 0.01% of their portfolio | 3.9k $53.7k | First filing |
| IFP Advisors, Inc 0.00% of their portfolio | 3.0k $37.4k | Unchanged |
| Main Street Group, LTD 0.01% of their portfolio | 3.0k $37.4k | Reduced -2.0k |
| Purpose Unlimited Inc. 0.00% of their portfolio | 2.8k $34.1k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 2.7k $33.1k | Added +1.7k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 2.5k $31.7k | Added +625 |
| HHM Wealth Advisors, LLC 0.00% of their portfolio | 1.7k $21.2k | Unchanged |
| Caldwell Trust Co 0.00% of their portfolio | 1.6k $20.4k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 1.6k $19.8k | Reduced -20.8k |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 1.5k $18.9k | New |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 1.3k $16.2k | Reduced -950 |
| Twin Lakes Capital Management, LLC 0.00% of their portfolio | 1.0k $12.4k | Unchanged |
| Ascentis Wealth Management, LLC 0.00% of their portfolio | 788 $9.8k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 550 $6.8k | Added +50 |
| CONTRAVISORY INVESTMENT MANAGEMENT, INC. 0.00% of their portfolio | 543 $6.8k | Unchanged |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 300 $3.7k | Unchanged |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 300 $3.7k | Unchanged |
| IFG Advisory, LLC 0.00% of their portfolio | 200 $2.5k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 25 $311 | Unchanged |