SPPP on NYSE

SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST

Canadian commodity contracts brokers and dealers company based in Toronto.

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Last updated Oct 18, 2026.

Overview

$290.3MNet income, fiscal 20252

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  • TickerSPPP on NYSE
  • IndustryCommodity Contracts Brokers & Dealers
  • HeadquartersToronto, Canada
  • Incorporated inOntario, Canada3
  • Business address200 Bay Street, 200 Bay St. #2600, Toronto, A6 M5J 2J13

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

37.6%Return on equity2

Financial statements

Gross profit4567892$294.0M in 2025+3785% since 2018
-$100.0M0$100.0M$200.0M$300.0M2018: $7.6M$7.6M20182019: $39.4M$39.4M2019+420%2020: $24.8M$24.8M2020−37%2021: -$30.1M-$30.1M20212022: -$4.0M-$4.0M2022−87%2023: -$34.8M-$34.8M2023+768%2024: -$21.9M-$21.9M2024−37%2025: $294.0M$294.0M2025
Net income4567892$290.3M in 2025+4350% since 2018
-$100.0M0$100.0M$200.0M$300.0M2018: $6.5M$6.5M20182019: $37.8M$37.8M2019+479%2020: $23.4M$23.4M2020−38%2021: -$31.6M-$31.6M20212022: -$5.4M-$5.4M2022−83%2023: -$36.0M-$36.0M2023+573%2024: -$23.3M-$23.3M2024−35%2025: $290.3M$290.3M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-12-312024-12-31
Net realized gains (losses) on redemptions and sales of platinum and palladium bullion (note 6)$255.0K
Net change in unrealized gains (losses) on platinum and palladium bullion (note 6)$293.0M-$22.0M
Other income$683.0K$91.0K
GrossProfit$294.0M-$21.9M
Management fees (note 8)$1.8M$689.0K
Listing and regulatory filing fees$741.0K$137.0K
Bullion storage fees$428.0K$214.0K
Sales tax$235.0K$81.0K
Legal fees$228.0K$112.0K
Audit fees$107.0K$82.0K
Unitholder reporting costs$66.0K$56.0K
Administrative fees$28.0K$22.0K
Independent Review Committee fees$8.0K$7.0K
Trustee fees$3.0K$3.0K
Custodial fees$3.0K$1.0K
Net foreign exchange losses (gains)$1.0K
ExpenseByNature$3.6M$1.4M
Net income (loss) and comprehensive income (loss)$290.3M-$23.3M
Weighted average number of Units28.6M shares13.9M shares
Increase (decrease) in total equity from operations per Unit$10-$2

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Timeline

  1. Dec 23, 2011Founded SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST is founded10

Filings

45 filings to the SEC since October 2021: 5 annual reports, 1 large holders, 39 other. The latest 20:

  1. Aug 13, 20266-K CURRENT REPORT OF FOREIGN ISSUER PURSUANT EDGAR
  2. May 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Mar 16, 202640-F ANNUAL REPORT FILED BY CANADIAN ISSUERS EDGAR
  4. Nov 7, 20256-K CURRENT REPORT OF FOREIGN ISSUER PURSUANT EDGAR
  5. Oct 23, 2025SCHEDULE 13G EDGAR
  6. Oct 10, 2025SUPPL VOLUNTARY SUPPLEMENTAL MATERIAL EDGAR
  7. Oct 10, 2025F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS EDGAR
  8. Oct 10, 2025F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS EDGAR
  9. Oct 10, 2025F-10EF AUTO EFFECTIVE REGISTRATION STATEMENT EDGAR
  10. Sep 9, 2025SUPPL VOLUNTARY SUPPLEMENTAL MATERIAL EDGAR
  11. Aug 15, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Jun 13, 2025SUPPL VOLUNTARY SUPPLEMENTAL MATERIALS EDGAR
  13. Jun 13, 20256-K EDGAR
  14. Jun 12, 2025F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS EDGAR
  15. Jun 12, 2025F-X FOR APPOINTMENT OF AGENT FOR SERVICE OF PRICES BY ISSUERS REGISTERING SECURITIES EDGAR
  16. Jun 12, 2025F-10EF AUTO EFFECTIVE REGISTRATION STATEMENT FOR SECURITIES OF CERTAIN CANADIAN ISSUERS EDGAR
  17. May 15, 20256-K EDGAR
  18. Apr 1, 2025SUPPL VOLUNTARY SUPPLEMENTAL MATERIAL EDGAR
  19. Mar 20, 202540-F ANNUAL REPORT FILED BY CERTAIN CANADIAN ISSUERS EDGAR
  20. Dec 9, 20246-K CURRENT REPORT EDGAR

The 45 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 1 such filings since October 2021:

  1. Oct 23, 2025SCHEDULE 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 79. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
IMC-Chicago, LLC3,002,396$37.4M0.3%No change
Goldman Sachs Group Inc1,480,065$18.4M0.0%+220,296
Fielder Capital Group LLC885,724$11.0M2.4%+12,925
Morgan Stanley738,449$9.2M0.0%−121,312
Weiss Asset Management LP729,549$9.1M0.1%+34,106
Cedrus Wealth Group LLC587,573$7.3M6.4%+117,359
Raymond James Financial Inc579,734$7.2M0.0%−12,572
Nokomis Capital, L.L.C.546,814$6.8M2.5%No change
Susquehanna International Group, Llp411,777$5.1M0.0%New
Royal Bank Of Canada311,342$3.9M0.0%−430,759
Osaic Holdings, Inc.179,420$2.2M0.0%+13,323
Insigneo Advisory Services, LLC161,484$2.0M0.1%New
OneDigital Investment Advisors LLC128,966$1.6M0.0%−4,340
Stifel Financial Corp124,247$1.5M0.0%−14,445
Kestra Advisory Services, LLC112,375$1.4M0.0%−19,750
Sprott Inc.111,792$1.4M0.0%−48,135
Beacon Pointe Advisors, LLC105,222$1.3M0.0%+9,746
Envestnet Asset Management Inc103,731$1.3M0.0%−17,401
Wolverine Asset Management LLC102,927$1.3M0.0%+17,609
LPL Financial LLC100,610$1.3M0.0%−28,647
HC Advisors, LLC63,240$787.3K0.5%+9,719
Federation des caisses Desjardins du Quebec57,195$708.8K0.0%−5,395
Wakefield Asset Management LLLP52,741$656.6K0.1%−12,659
Cetera Investment Advisers50,145$624.3K0.0%−18,863
Cerity Partners LLC40,175$500.2K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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