GraniteShares Platinum Trust
For the period ended Jun 30, 2026. Filed Aug 13, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Aug 13, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-K
Period ended 2025-06-30; filed 2025-08-11.
0001493152-25-011791
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-K
Period ended 2026-06-30; filed 2026-08-13.
0001493152-26-037704
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 35 previous paragraphs and 35 current paragraphs.
31 unchanged; 2 reworded; 2 added; 2 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 2 previous and 2 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
The Trust’s NAV increased from $ 85,206,010 on June 30, 2025, to $163,763,383 on June 30, 2026, a 92.20% increase for the year. The increase in the Trust’s NAV resulted primarily from an increase in outstanding Shares from 6,550,000 Shares on June 30, 2025, to 10,900,000 Shares on June 30, 2026, a result of 8,150,000 Shares (163 Baskets) being created and 3,800,000 Shares (76 Baskets) being redeemed during that period (a 66.41% increase), as well as an increase in the platinum price from $1,350 per ounce on June 30, 2025, to $1,567 per ounce on June 30, 2026, a 16.07% increase.
Current report
The NAV per Share increased 15.45% from $ 13.01 on June 30, 2025 to $15.02 on June 30, 2026. The Trust’s NAV per Share increased slightly less than the price per ounce of platinum on a percentage basis due to the Sponsor’s Fee, which was $930,015 for the year, or 0.50 % of the Trust’s assets on an annualized basis.
Removed paragraphs (2)
Previous report
The Trust’s NAV decreased from $44,801,455 on June 30, 2022 to $34,919,057 on June 30, 2023, a 22.1% decrease for the year. The decrease in the Trust’s NAV resulted primarily from a decrease in outstanding Shares from 5,050,000 Shares on June 30, 2022 to 4,000,000 Shares on June 30, 2023, a result of 350,000 Shares (7 Baskets) being created and 1,400,000 Shares (28 Baskets) being redeemed during that period
Previous report
The NAV per Share decreased 1.6% from $8.87 on June 30, 2022 to $8.73 on June 30, 2023. The price per ounce of platinum decreased 1.1% from $907.00 on June 30, 2022 to $897 on June 30, 2024. The Trust’s NAV per Share decreased slightly more than the price per ounce of platinum on a percentage basis due to the Sponsor’s Fee, which was $216,715 for the year, or 0.50% of the Trust’s assets on an annualized basis.
Reworded paragraphs (2)
Previous wording
NAV per Share vs. 1/100th platinum price from the January 11, 2018 (the Date of Inception) to June 30, 2025(1)
Current wording
NAV per Share vs. 1/100th platinum price from January 11, 2018 (the Date of Inception) to June 30, 2026(1)
Previous wording
The Trust’s NAV increased from $ 34,919,057 on June 30, 2023 to $ 43,119,274 on June 30, 2024, a 23.48% decrease for the year. The increase in the Trust’s NAV resulted primarily from an increase in outstanding Shares from 4,000,000 Shares on June 30, 2023 to 4,400,000 Shares on June 30, 2024, a result of 850,000 Shares (17 Baskets) being created and 450,000 Shares (9 Baskets) being redeemed during that period
Current wording
The Trust’s NAV increased from $ 34,919,057 on June 30, 2023 to $ 43,119,274 on June 30, 2024, a 23.48% increase for the year. The increase in the Trust’s NAV resulted primarily from an increase in outstanding Shares from 4,000,000 Shares on June 30, 2023 to 4,400,000 Shares on June 30, 2024, a result of 850,000 Shares (17 Baskets) being created and 450,000 Shares (9 Baskets) being redeemed during that period