Here are the 10-Q quarterly reports from abrdn Physical Platinum Shares ETF (PPLT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PPLT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PPLT filings page.
abrdn Platinum ETF Trust reported that its net asset value (NAV) rose 17.18% in the quarter ended September 30, 2026, to $2,077,687,996. Platinum’s price rose 9.39% to $1,714.10 per ounce, while shares outstanding increased from 124,950,000 to 134,050,000 through 13,650,000 shares created and 4,550,000 redeemed. NAV per Share rose 9.23%, from $14.19 to $15.50.
For the nine months, NAV declined 27.43% to $2,077,687,996 and NAV per Share fell 15.81%; platinum’s price fell 15.44% to $1,714.10 per ounce. The Trust recorded a $424,677,228 decrease in net assets from operations, including a $750,889,488 unrealized loss on platinum. At September 30, the Trust held 1,212,717.9 ounces of platinum and had no cash. Sponsor fees were $3,142,202 for the quarter and $11,009,940 for nine months, accruing at an annualized rate of 0.60% of adjusted daily net asset value. Management concluded disclosure controls were effective as of September 30, 2026.
abrdn Platinum ETF Trust holds physical platinum to track its price, less expenses. For the quarter ended June 30, 2026, net assets fell from $2,396,712,689 to $1,773,133,277, largely reflecting a drop in platinum prices and net redemptions of Shares. The Trust held 1,132,121.8 oz of platinum, supporting 124,950,000 Shares outstanding, with NAV per Share declining from $17.30 to $14.19, a -17.98% total return.
Over the six months, platinum fell from $2,027.00 to $1,567.00 per ounce, contributing to a 38.07% decline in NAV and a -22.92% total return. Unrealized losses on platinum of $896,103,112 (000s of US$) dominated results, partially offset by realized gains on platinum distributed for redemptions. The Sponsor’s Fee, accruing at an annualized 0.60% of adjusted NAV and paid in-kind in platinum, was $7,867,739 for the six months.
After markets closed on May 14, 2026, the Trust effected a ten-for-one forward share split; all historical per-Share data have been adjusted. The Trust reports no borrowing, derivatives, or off-balance sheet arrangements, and disclosure controls were deemed effective as of June 30, 2026.
abrdn Platinum ETF Trust reported a sharp decline in net asset value for the quarter ended March 31, 2026, driven by lower platinum prices and net redemptions. Net assets fell from $2,862.97 million to $2,396.71 million, while ounces of platinum held declined from 1,413,099.0 to 1,256,826.9.
The LBMA platinum price dropped 5.87% from $2,027.00 to $1,908.00, contributing to a change in unrealized loss of $403.02 million. NAV per Share fell 6.01% from $184.11 to $173.05, and total return based on NAV was -6.01%. The only ordinary expense was the Sponsor’s Fee of $4.36 million, equal to an annualized 0.60% of ANAV.
Creations totaled 1,150,000 Shares and redemptions 2,850,000 Shares, reducing outstanding Shares to 13,850,000. After quarter-end, the Sponsor announced a 10-for-1 forward share split effective May 18, 2026, which will multiply Shares outstanding tenfold while pricing each post-split Share at one-tenth of the pre-split NAV.
abrdn Platinum ETF Trust (PPLT) reported Q3 2025 results, showing a larger portfolio of physical platinum and higher net asset values driven by platinum prices. Net assets rose to $1,957.9 million at September 30, 2025 from $1,617.4 million at June 30. NAV per share increased 16.20% in the quarter to $142.91, reflecting a 16.37% rise in the LBMA platinum price and routine fees.
The Trust held 1,233,210.9 oz of platinum, valued at $1,937.4 million, with other assets less liabilities of $20.5 million. Q3 operations produced a $259.4 million increase in net assets from realized and unrealized gains, partially offset by the Sponsor’s Fee of $2.53 million (annualized 0.60% expense ratio). During the quarter, 41 Baskets (2,050,000 shares) were created and 30 Baskets (1,500,000 shares) were redeemed, ending with 13,700,000 shares outstanding; as of November 6, 2025, shares outstanding were 13,300,000.
For the nine months ended September 30, 2025, NAV increased to $1,957.9 million from $1,018.9 million, and NAV per share rose 71.11% to $142.91, with total realized and unrealized gains of $752.4 million and Sponsor’s Fee of $5.91 million. Controls and procedures were deemed effective, with no material changes to risk factors or legal proceedings.