abrdn Platinum ETF Trust filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 6, 2026, reporting net assets of approximately $2.08 billion and a nine-month net decrease in net assets from operations of $424.677 million.

Key Highlights

  • Net assets: $2,077,688 thousand at September 30, 2026, down from $2,862,968 thousand at December 31, 2025, according to the filing.
  • Shares outstanding: 134,050,000 shares as of September 30, 2026, compared with 155,500,000 at December 31, 2025.
  • NAV per share: $15.50 at September 30, 2026, versus $18.41 at December 31, 2025.
  • Platinum holdings: 1,212,717.9 ounces at fair value of $2,078,720 thousand as of September 30, 2026.
  • Ten-for-one forward share split: The Trust effected a ten-for-one forward share split after the close of markets on May 14, 2026; prior-period figures have been adjusted to reflect the split.
  • Nine-month total return: Negative 15.81% on a net asset value basis for the nine months ended September 30, 2026, per the financial highlights.
  • Sponsor's fee: $11,010 thousand for the nine months ended September 30, 2026, at an annualized expense ratio of 0.60%.

abrdn Platinum ETF Trust Financial Results for the Quarter and Nine Months Ended September 30, 2026

According to the filing, the Trust held 1,212,717.9 ounces of platinum at September 30, 2026, with a cost basis of $1,629,098 thousand and a fair value of $2,078,720 thousand. Total net assets stood at $2,077,688 thousand, a decline from $2,862,968 thousand reported at December 31, 2025. The filing attributes this reduction primarily to a change in unrealized loss on investment in platinum of $750,889 thousand for the nine-month period, partially offset by realized gains on platinum distributed for share redemptions of $333,206 thousand.

For the three months ended September 30, 2026, the Trust reported a change in net assets from operations of positive $160,218 thousand, driven by an unrealized gain on platinum of $145,214 thousand and realized gains of $18,146 thousand. The net asset value per share rose from $14.19 at the start of the third quarter to $15.50 at its close, representing a quarterly total return of 9.23% on a net asset value basis, as the filing states. For the nine months ended September 30, 2026, the per-share NAV declined from $18.41 to $15.50, reflecting a nine-month total return of negative 15.81%.

The filing also discloses that shares outstanding fell to 134,050,000 at September 30, 2026, from 155,500,000 at December 31, 2025, reflecting net redemptions of 51,400,000 shares and creations of 29,950,000 shares over the nine-month period. The Trust's only expense is the Sponsor's fee, which totaled $3,142 thousand for the third quarter and $11,010 thousand for the nine-month period, both at an annualized rate of 0.60%. The Trust is listed on NYSE Arca under the trading symbol PPLT.

What Was Disclosed

The Trust filed its quarterly report covering the period ended September 30, 2026, disclosing platinum holdings, net asset values, share activity including the effects of a May 2026 ten-for-one share split, and financial performance for both the three- and nine-month periods.