GraniteShares Platinum Trust Files Quarterly Report for Period Ended December 31, 2023

AI Summary

GraniteShares Platinum Trust (PLTM) filed a Quarterly Report (10-Q) with the SEC on February 2, 2024. Filed a Form 10-Q for the quarterly period ended December 31, 2023. The filing covers the period from July 1, 2023, to December 31, 2023. The registrant's principal executive offices are located at 222 Broadway, 21st Floor, New York, New York 10038. The registrant's telephone number is (646) 876-5096. The filing indicates the registrant has not filed all required reports for the preceding 12 months and has not been subject to such filing requirements for the past 90 days.

Why It Matters

For investors and stakeholders tracking GraniteShares Platinum Trust, this filing contains several important signals. This 10-Q filing provides investors with an update on the trust's financial performance and holdings for the most recent fiscal quarter. The information contained within this report is crucial for understanding the trust's current asset value, operational status, and compliance with SEC regulations.

Risk Assessment

Risk Level: medium — GraniteShares Platinum Trust shows moderate risk based on this filing. The filing indicates the registrant has not filed all required reports for the preceding 12 months and has not been subject to such filing requirements for the past 90 days, suggesting potential compliance issues.

Analyst Insight

Investors should review the detailed financial statements and disclosures within the 10-Q to assess the trust's performance and any potential risks highlighted by the filing status.

Key Numbers

• 2023-12-31 — Quarterly Period End Date (Form 10-Q)
• 2024-02-02 — Filing Date (Form 10-Q)
• 001-38349 — Commission File Number (Form 10-Q)
• 646-876-5096 — Phone Number (Form 10-Q)

Key Players & Entities

• GraniteShares Platinum Trust (company) — Exact name of registrant
• 2023-12-31 (date) — Quarterly Period Ended
• 001-38349 (other) — Commission File Number
• New York (location) — State of incorporation
• 222 Broadway, 21st Floor, New York, New York 10038 (address) — Address of principal executive offices
• (646) 876-5096 (phone) — Registrant's telephone number
• 2024-02-02 (date) — Filed as of date
• 1934 Act (regulation) — SEC Act

FAQ

Risk Factors

• Filing Requirements [high — regulatory]: The registrant has not filed all required reports for the preceding 12 months and has not been subject to such filing requirements for the past 90 days.

Key Dates

• 2023-12-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-02-02: Filing Date — Date the 10-Q was officially filed with the SEC.

Key Financial Figures

• $ — d June 30, 2023 Amounts in 000's of US$, except share and per share data Decem
• $000 — 7 % 9.16 % 19.59 % Net assets ($000's) $ 39,552 $ 48,318 $ 39,552

Filing Documents

• form10-q.htm (10-Q) — 346KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• 0001493152-24-004707.txt ( ) — 1711KB
• pltm-20231231.xsd (EX-101.SCH) — 20KB
• pltm-20231231_cal.xml (EX-101.CAL) — 14KB
• pltm-20231231_def.xml (EX-101.DEF) — 32KB
• pltm-20231231_lab.xml (EX-101.LAB) — 124KB
• pltm-20231231_pre.xml (EX-101.PRE) — 87KB
• form10-q_htm.xml (XML) — 195KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 3 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 13 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 15 Item 4.

Controls and Procedures

Controls and Procedures 15

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 15 Item 1A.

Risk Factors

Risk Factors 15 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 15 Item 3. Defaults Upon Senior Securities 16 Item 4. Mine Safety Disclosures 16 Item 5. Other Information 16 Item 6. Exhibits 16

SIGNATURES

SIGNATURES 17 2 PART I - FINANCIAL INFORMATION: Item 1. Financial Statements of Assets and Liabilities At December 31, 2023 (unaudited) and June 30, 2023 Amounts in 000's of US$, except share and per share data December 31, 2023 June 30, 2023 (unaudited) Assets Investment in platinum, at fair value (1) $ 39,568 $ 34,934 Total Assets $ 39,568 $ 34,934 Liabilities Fees payable to Sponsor $ 16 $ 15 Total Liabilities 16 15 Net Assets $ 39,552 $ 34,919 Shares issued and outstanding (2) 4,050,000 4,000,000 Net asset value per Share $ 9.77 $ 8.73 (1) Cost of investment in platinum: $ 40,149 and $ 40,355 , respectively. (2) No par value, unlimited amount authorized. See Notes to the Financial Statements 3 Schedules of Investments At December 31, 2023 (unaudited) and June 30, 2023 Amounts in 000's of US$, except for ounces and percentages December 31, 2023 (unaudited) Ounces of platinum Cost Value % of Net Assets Platinum 39,332.030 $ 40,149 $ 39,568 100.04 % Total investment $ 40,149 $ 39,568 100.04 % Assets in excess of liabilities $ ( 16 ) ( 0.04 )% Net Assets $ 39,552 100.00 % June 30, 2023 Ounces of platinum Cost Value % of Net Assets Platinum 38,945.929 $ 40,355 $ 39,934 100.04 % Total investment $ 40,355 $ 39,934 100.04 % Liabilities in excess of other assets $ ( 15 ) ( 0.04 )% Net Assets $ 34,919 100.00 % See Notes to the Financial Statements 4 of Operations (Unaudited) For the three and six months ended December 31, 2023 and 2022 Amounts in 000's of US$, except per share data Three Months Ended December 31, 2023 Three Month Ended December 31, 2022 Six Months Ended December 31, 2023 Six Months Ended December 31, 2022 Expenses Sponsor fees $ 45 $ 54 $ 92 $ 108 Total expenses 45 54 92 108 Net investment loss ( 45 ) ( 54 ) ( 92 ) ( 108 ) Net realized an

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View this 10-Q filing on SEC EDGAR