Welcome to our dedicated page for Sprott Physical Platinum and Palladium Trust SEC filings (Ticker: SPPP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Sprott Physical Platinum and Palladium Trust filings document a foreign private issuer structured around long-term holdings of unencumbered, fully allocated physical platinum and palladium bullion. Its Form 6-K reports include interim management reports of fund performance and unaudited interim financial statements for the trust.
Registration materials, including Form F-10 references, provide formal disclosure context for the trust's exchange-traded bullion vehicle, financial reporting, and regulatory status.
Sprott Physical Platinum and Palladium Trust reported a net loss of $51.0 million for the three months ended March 31, 2026, driven by unrealized losses on platinum and palladium bullion. Net asset value was $721.8 million, or $16.56 per unit, down from $17.73 at year-end 2025.
The Trust returned -6.6% in the period, compared with spot platinum at -5.2% and spot palladium at -8.6%. It held 238,956 troy ounces of platinum and 171,663 troy ounces of palladium, with spot prices of $1,953.65 and $1,480.41 per ounce, respectively, as of March 31, 2026.
The Trust issued 21,010 units through its at-the-market program for gross proceeds of $0.5 million and ended the period with 43,587,847 units outstanding. The management expense ratio was 0.73%, and units traded at an average 5.9% discount to net asset value on NYSE Arca during the quarter.
Sprott Physical Platinum and Palladium Trust filed its annual report on March 13, 2026 on Form 40-F, incorporating the Registrant’s Audited Financial Statements, Annual Information Form and Management’s Discussion and Analysis for the year ended December 31, 2025.
The report states 43,566,837 shares outstanding as of the close of the period covered by the annual report. Management concluded that disclosure controls and procedures were effective and reported no changes in internal control over financial reporting. The auditor is KPMG LLP, with total fees disclosed as $179,892 for 2025.
Sprott Physical Platinum and Palladium Trust filed a Form 6-K to provide investors with its Interim Management Report of Fund Performance and Unaudited Interim Financial Statements as of September 30, 2025. These materials are included as Exhibit 99.1 to the report.
The exhibit is also incorporated by reference into the Trust’s existing Canadian shelf registration on Form F-10, which may be used for future securities offerings. This 6-K mainly serves to make the interim performance discussion and financial information available to U.S. investors through the SEC system.
Raymond James & Associates filed a Schedule 13G reporting beneficial ownership in Sprott Physical Platinum & Palladium Trust (SPPP).
The firm reported 505,516 Units of Beneficial Interest, representing 5.1% of the class as of 09/30/2025. It reported 0 sole and shared voting power, and 505,516 sole dispositive power, consistent with an investment adviser (Type: IA) holding the securities in the ordinary course. The certification states the position was not acquired to change or influence control.
Sprott Physical Platinum and Palladium Trust will hold primarily physical platinum and palladium bullion, investing at least 90% of net assets in Good Delivery platinum and palladium (minimum fineness 99.95%, weight between 32.151 and 192.904 troy ounces). The trust may hold up to 10% in short-term cash, high-quality short-term debt or equivalents for operational purposes. It will not invest in certificates, futures or other financial instruments representing the metals.
Key costs include a management fee of 0.50% per annum paid monthly, current delivery fees of $0.50 per ounce for platinum and $5.00 per ounce for palladium, and potential redemption fees up to 1% of bullion value plus a $250 administrative fee. Minimum physical-redemption threshold is 25,000 trust units. Financial statements incorporated include audited annual statements for fiscal years ended December 31, 2024 and December 31, 2023, and interim results to June 30, 2025.