ABRDN PALLADIUM ETF TRUST

Ticker: PALL CUSIP: 003262102 Class: PHYSICAL PALLADM

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
BNP PARIBAS ARBITRAGE, SA137,729$20,023
MORGAN STANLEY126,413$18,378
SUSQUEHANNA INTERNATIONAL GROUP, LLP125,318$18,219
Gradient Investments LLC95,808$13,929
LPL Financial LLC77,629$11,286
BANK OF AMERICA CORP /DE/65,640$9,543
JPMORGAN CHASE & CO62,037$9,019
WELLS FARGO & COMPANY/MN47,414$6,893
UBS Group AG45,553$6,622
SG Americas Securities, LLC45,375$7
KESTRA PRIVATE WEALTH SERVICES, LLC39,893$5,800
Black Swift Group, LLC37,909$5,515
CITADEL ADVISORS LLC33,262$4,836
EVERGREEN CAPITAL MANAGEMENT LLC32,223$4,685
RAYMOND JAMES FINANCIAL INC25,324$3,682
Brookwood Investment Group LLC19,510$2,836
Cetera Investment Advisers19,472$2,831
AMERIPRISE FINANCIAL INC19,142$2,783
ROYAL BANK OF CANADA18,969$2,757
Fortis Group Advisors, LLC18,799$2,892
Rockefeller Capital Management L.P.18,021$2,620
Copley Financial Group, Inc.15,659$2,277
GROUP ONE TRADING, L.P.15,534$2,258
OSAIC HOLDINGS, INC.11,308$1,644
MATAURO, LLC9,578$1,392
Cambridge Investment Research Advisors, Inc.9,558$1
Alhambra Investment Partners LLC8,925$1,298
Foundations Investment Advisors, LLC8,700$1,265
ENVESTNET ASSET MANAGEMENT INC8,632$1,255
ARVEST INVESTMENTS, INC.8,240$1,198
IHT Wealth Management, LLC7,852$1,142
COMMONWEALTH EQUITY SERVICES, LLC7,551$1,098
Linden Thomas Advisory Services, LLC7,075$1,029
B. Riley Wealth Advisors, Inc.6,694$973
Janney Montgomery Scott LLC6,521$1
HighTower Advisors, LLC6,493$944
Pekin Hardy Strauss, Inc.6,125$890
Manatuck Hill Partners, LLC5,900$858
Belpointe Asset Management LLC5,353$778
Fortis Capital Advisors, LLC5,353$778
Mutual Advisors, LLC5,288$769
PRIMORIS WEALTH ADVISORS, LLC5,000$727
Essex Financial Services, Inc.4,864$707
MML INVESTORS SERVICES, LLC4,807$699
DGS Capital Management, LLC4,673$679
TWO SIGMA SECURITIES, LLC4,326$629
Generation Capital Management LLC4,300$625
NewEdge Advisors, LLC4,182$608
Perigon Wealth Management, LLC4,071$592
Leo Wealth, LLC3,534$514
JONES FINANCIAL COMPANIES LLLP3,428$498
AMG National Trust Bank3,248$472
Total Wealth Planning & Management, Inc.3,213$467
Ameritas Advisory Services, LLC3,175$462
Integrated Wealth Concepts LLC3,161$460
MAINSTAY CAPITAL MANAGEMENT LLC /ADV3,120$454
BENJAMIN EDWARDS INC3,083$448
Geneos Wealth Management Inc.2,980$433
WMG Financial Advisors, LLC2,975$433
Csenge Advisory Group2,813$409
BASSO CAPITAL MANAGEMENT, L.P.2,690$391
Kellett Wealth Advisors, LLC2,668$388
Valeo Financial Advisors, LLC2,550$371
Farther Finance Advisors, LLC2,509$365
SMART Wealth LLC2,475$360
NATIONAL BANK OF CANADA /FI/2,470$359
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC2,424$401
Compound Planning, Inc.2,420$352
Betterment LLC2,338$0
Cresset Asset Management, LLC2,131$310
HB Wealth Management, LLC2,095$305
BANK OF MONTREAL /CAN/2,005$295
Brookstone Capital Management1,992$290
AlphaCore Capital LLC1,892$275
AE Wealth Management LLC1,785$260
TRUIST FINANCIAL CORP1,775$258
CIBC WORLD MARKET INC.1,757$255
MERCER GLOBAL ADVISORS INC /ADV1,743$253
STIFEL FINANCIAL CORP1,661$241
Mariner, LLC1,625$236
Bank of New York Mellon Corp1,604$233
Verity Asset Management, Inc.1,597$232
Gunpowder Capital Management, LLC dba Oliver Wealth Manageme1,502$218
Trek Financial, LLC1,487$216
US BANCORP \DE\1,486$216
Ferguson Shapiro LLC1,433$208
HRT FINANCIAL LP1,418$0
Mirae Asset Global Investments Co., Ltd.1,400$204
Heritage Wealth Advisors1,125$164
Steward Partners Investment Advisory, LLC1,111$162
NATIXIS1,000$150
Kestra Advisory Services, LLC856$124
Stelac Advisory Services LLC851$124
CREATIVE FINANCIAL DESIGNS INC /ADV691$100
Optiver Holding B.V.342$50
AdvisorNet Financial, Inc261$38
HARBOUR INVESTMENTS, INC.240$35
Quaker Wealth Management, LLC238$35
Strategic Investment Solutions, Inc. /IL230$33
Spire Wealth Management210$31
35 other institutions2,319$313
Total (135 institutions)1,413,138$196,166