abrdn Physical Palladium Shares

PALL • ARCA

abrdn Physical Palladium Shares is a commodity contracts brokers & dealers company on ARCA. As of Q3 2025, 90 institutional investors hold shares in this company, with total holdings valued at $124.0M. BNP PARIBAS ARBITRAGE, SA is the largest holder with a position valued at $13.3M.

COMMODITY CONTRACTS BROKERS & DEALERS

Country

United States of America

Overview

Overview of institutional ownership in PALL as of Q3 2025

All Institutions

Institutions: 90
Value Held: $124.0M
Shares Held: 1.1M
Avg Position: $1.4M
Median Position: $291.7K

Hedge Funds

Hedge Funds: 5
Value Held: $10.5M
Shares Held: 92.3K
Avg Position: $2.1M
Median Position: $294.2K

Biggest Investors

Institutions with the largest positions in PALL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BNP PARIBAS ARBITRAGE, SA Institution	-	$13.3M 0.01% of portfolio	0.00% 116.6K shares	Q4 2024 Held for 11 months	$126.06B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$12.6M 0.00% of portfolio	0.00% 110.0K shares	Q4 2022 Held for 2y 11m	$1.65T
Gradient Investments LLC RIA/Wealth	Michael Arthur Binger President	$9.0M 0.16% of portfolio	0.00% 79.1K shares	Q4 2024 Held for 11 months	$5.7B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$7.8M 0.00% of portfolio	0.00% 68.0K shares	Q2 2023 Held for 2y 5m	$1.56T
W WOLVERINE TRADING, LLC Institution	-	$7.1M 0.14% of portfolio	0.00% 61.3K shares	Q1 2025 Held for 8 months	$4.9B
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short	Mark Allen Broach Managing Partner	$5.7M 2.02% of portfolio	0.00% 50.0K shares	Q2 2025 Held for 5 months	$282.7M
E EVERGREEN CAPITAL MANAGEMENT LLC Institution	-	$4.8M 0.11% of portfolio	0.00% 42.3K shares	Q2 2024 Held for 1y 5m	$4.2B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$4.4M 0.00% of portfolio	0.00% 38.7K shares	Q4 2022 Held for 2y 11m	$1.33T
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$4.2M 0.00% of portfolio	0.00% 36.8K shares	Q2 2024 Held for 1y 5m	$122.08B
UBS Group AG Institution	Sergio P. Ermotti CEO	$4.0M 0.00% of portfolio	0.00% 34.6K shares	Q4 2022 Held for 2y 11m	$511.54B

Net Capital Flow

Institutional buying and selling activity for PALL in Q3 2025

Traded: +$14.7M
Buyers: 51
Sellers: 31
Total Bought: +$46.1M
Total Sold: −$31.3M
Avg Position: $1.1M

Biggest Buyers

Institution	Net Bought	Current Position
B BNP PARIBAS ARBITRAGE, SA Institution	+$8.9M +78.0K shares	$13.3M 116.6K shares
W WOLVERINE TRADING, LLC Institution	+$7.1M +61.3K shares	$7.1M 61.3K shares
Gradient Investments LLC RIA/Wealth	+$4.3M +38.0K shares	$9.0M 79.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$4.2M +36.8K shares	$4.2M 36.8K shares
IMC-Chicago, LLC RIA/Wealth	+$3.6M +31.3K shares	$3.6M 31.3K shares
Fortis Group Advisors, LLC RIA/Wealth	+$3.5M +26.7K shares	$3.5M 26.7K shares
Puplava Financial Services, Inc. RIA/Wealth	+$1.6M +14.3K shares	$2.5M 22.3K shares
JPMORGAN CHASE & CO Institution	+$1.5M +13.0K shares	$7.8M 68.0K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$1.4M +12.4K shares	$3.3M 29.3K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$1.3M +11.4K shares	$1.8M 15.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
BANK OF AMERICA CORP /DE/ Institution	−$9.9M −87.1K shares	$4.4M 38.7K shares
J JANE STREET GROUP, LLC Institution	−$3.7M −37.0K shares	Sold Off 0 shares
B Belvedere Trading LLC Institution	−$2.9M −28.9K shares	Sold Off 0 shares
L LPL Financial LLC Institution	−$2.8M −24.8K shares	$4.0M 34.6K shares
Q Quadrature Capital Ltd Institution	−$2.7M −27.0K shares	Sold Off 0 shares
C CANTOR FITZGERALD, L. P. Institution	−$2.0M −20.0K shares	Sold Off 0 shares
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short	−$1.7M −15.0K shares	$5.7M 50.0K shares
Intellus Advisors LLC RIA/Wealth	−$1.4M −13.8K shares	Sold Off 0 shares
P Private Wealth Advisors, LLC RIA/Wealth	−$1.3M −12.5K shares	Sold Off 0 shares
UBS Group AG Institution	−$615.6K −5.4K shares	$4.0M 34.6K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PALL in Q3 2025

New Positions: 16
New Value: $6.4M
Exited Positions: 18
Exited Value: $14.8M

New Positions

Institution	Position Value
Fortis Group Advisors, LLC RIA/Wealth	$3.5M 26.7K shares
G GROUP ONE TRADING, L.P. Institution	$774.0K 6.8K shares
B Bell State Bank & Trust Institution	$570.9K 5.0K shares
W WMG Financial Advisors, LLC RIA/Wealth	$311.1K 2.7K shares
CARDIFF PARK ADVISORS, LLC RIA/Wealth	$269.3K 2.4K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$259.5K 2.3K shares
Farther Finance Advisors, LLC RIA/Wealth	$204.9K 1.8K shares
AE Wealth Management LLC RIA/Wealth	$204.9K 1.8K shares
BB&T CORP Institution	$202.7K 1.8K shares
B Binnacle Investments Inc Institution	$102.8K 900.0 shares

Exited Positions

Institution	Previous Position
J JANE STREET GROUP, LLC Institution	$3.7M 37.0K shares
B Belvedere Trading LLC Institution	$2.9M 28.9K shares
Q Quadrature Capital Ltd Institution	$2.7M 27.0K shares
C CANTOR FITZGERALD, L. P. Institution	$2.0M 20.0K shares
Intellus Advisors LLC RIA/Wealth	$1.4M 13.8K shares
P Private Wealth Advisors, LLC RIA/Wealth	$1.3M 12.5K shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	$284.7K 2.8K shares
N NATIXIS Institution	$259.8K 2.6K shares
NORTHERN TRUST CORP Institution	$204.1K 2.0K shares
A Accredited Wealth Management, LLC RIA/Wealth	$15.1K 150.0 shares

Options Activity

Institutions with the largest Call and Put options positions in PALL as of Q3 2025

Call Positions: 6
Call Value: $41.1M
Put Positions: 5
Put Value: $22.5M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$13.1M 1.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.1M 882.0 contracts
W WOLVERINE TRADING, LLC Institution	$6.9M 602.0 contracts
J JANE STREET GROUP, LLC Institution	$6.4M 557.0 contracts
B Belvedere Trading LLC Institution	$4.7M 411.0 contracts
KESTRA PRIVATE WEALTH SERVICES, LLC RIA/Wealth	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$9.3M 814.0 contracts
J JANE STREET GROUP, LLC Institution	$5.6M 489.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.8M 423.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.2M 188.0 contracts
B Belvedere Trading LLC Institution	$662.2K 58.0 contracts

Most Committed Institutions

Institutions with PALL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short	Mark Allen Broach Managing Partner	2.02% $5.7M	0.00% 50.0K shares	Q2 2025 Held for 5 months	$282.7M
C Copley Financial Group, Inc. RIA/Wealth	Matthew David Copley President	1.26% $1.8M	0.00% 16.0K shares	Q4 2024 Held for 11 months	$145.9M
A Alhambra Investment Partners LLC RIA/Wealth	Joseph Youngblood Calhoun CEO	0.81% $1.7M	0.00% 14.9K shares	Q2 2025 Held for 5 months	$210.6M
Fortis Group Advisors, LLC RIA/Wealth	Sanjiv Kumar Founder	0.61% $3.5M	0.00% 26.7K shares	Q3 2025 Held for 2 months	$578.9M
Puplava Financial Services, Inc. RIA/Wealth	Lisa Helm CEO	0.54% $2.5M	0.00% 22.3K shares	Q2 2025 Held for 5 months	$471.5M
M Massar Capital Management, LP Institution	-	0.38% $1.0M	0.00% 9.0K shares	Q1 2025 Held for 8 months	$269.6M
Fortis Capital Advisors, LLC RIA/Wealth	Sanjiv Kumar Founder	0.36% $2.3M	0.00% 20.0K shares	Q2 2025 Held for 5 months	$630.5M
ARVEST INVESTMENTS, INC. RIA/Wealth	Asa Anderson Cottrell CEO	0.31% $2.1M	0.00% 18.8K shares	Q4 2023 Held for 1y 11m	$697.0M
Eschler Asset Management LLP Hedge Fund•Long/Short	John Pryce-Robertson Member	0.23% $294.2K	0.00% 2.6K shares	Q2 2025 Held for 5 months	$126.7M
Gradient Investments LLC RIA/Wealth	Michael Arthur Binger President	0.16% $9.0M	0.00% 79.1K shares	Q4 2024 Held for 11 months	$5.7B