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Piper Sandler
PIPR

382 hedge funds and large institutions have $5.14B invested in Piper Sandler in 2025 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 139 increasing their positions, 97 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

105% more call options, than puts

Call options by funds: $12.4M | Put options by funds: $6.08M

82% more first-time investments, than exits

New positions opened: 62 | Existing positions closed: 34

43% more repeat investments, than reductions

Existing positions increased: 139 | Existing positions reduced: 97

23% more capital invested

Capital invested by funds: $4.17B → $5.14B (+$977M)

7% more funds holding

Funds holding: 357 → 382 (+25)

2.18% less ownership

Funds ownership: 337.34% → 335.16% (-2.2%)

Holders
382
Holders Change
+25
Holders Change %
+7%
% of All Funds
5.01%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
62
Increased
139
Reduced
97
Closed
34
Calls
$12.4M
Puts
$6.08M
Net Calls
+$6.35M
Net Calls Change
+$2.51M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$36.1M
2
TCM
TimesSquare Capital Management
New York
+$27M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$26.6M
4
DCM
Driehaus Capital Management
Illinois
+$26.6M
5
Goldman Sachs
Goldman Sachs
New York
+$21.6M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$71.6M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$41.6M
3
NRCM
North Reef Capital Management
California
-$25.5M
4
MPI
Mairs & Power Inc
Minnesota
-$20.3M
5
WHG
Westwood Holdings Group
Texas
-$20.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAU
226
Caxton Associates (UK)
$324K +$305K +3,740 New
PCS
227
Personal CFO Solutions
New Jersey
$321K +$47.6K +584 +19%
CB
228
Commerce Bank
Missouri
$315K – – –
VC
229
Vicus Capital
Pennsylvania
$303K +$285K +3,492 New
SCA
230
Stonebridge Capital Advisors
Minnesota
$302K – – –
SPC
231
Spirepoint Private Client
Florida
$299K +$5.22K +64 +2%
HWM
232
HB Wealth Management
Georgia
$293K +$275K +3,372 New
CNBT
233
Canandaigua National Bank & Trust
New York
$289K -$326 -4 -0.1%
SFA
234
Sequoia Financial Advisors
Ohio
$281K +$265K +3,244 New
PA
235
Profund Advisors
Maryland
$276K -$13.4K -164 -5%
SLAM
236
Swiss Life Asset Management
$275K +$258K +3,168 New
SAM
237
Shell Asset Management
Netherlands
$273K -$320K -3,924 -55%
NAAA
238
New Age Alpha Advisors
New York
$272K -$7.5K -92 -3%
SCA
239
Snowden Capital Advisors
New York
$271K +$255K +3,128 New
CIBC Private Wealth Group
240
CIBC Private Wealth Group
Georgia
$271K -$80.2K -984 -24%
ZIC
241
ZWJ Investment Counsel
Georgia
$265K -$44K -540 -15%
Bessemer Group
242
Bessemer Group
New Jersey
$260K +$215K +2,632 +731%
AI
243
Atria Investments
North Carolina
$260K -$16K -196 -6%
JSW
244
Journey Strategic Wealth
New Jersey
$257K -$18.6K -228 -7%
SAM
245
Smartleaf Asset Management
Massachusetts
$254K +$128K +1,564 +118%
FHA
246
Flagship Harbor Advisors
Massachusetts
$251K +$326 +4 +0.1%
M&T Bank
247
M&T Bank
New York
$246K -$63.3K -776 -21%
IRC
248
Investors Research Corp
Georgia
$243K – – –
FW
249
FullCircle Wealth
Texas
$240K +$326 +4 +0.1%
CIA
250
Concurrent Investment Advisors
Florida
$239K +$224K +2,752 New
8 9
10
11 12

PIPR Hedge Fund Activity: Q3 2025 in Review

382 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Piper Sandler (PIPR) for Q3 2025, worth a combined $5.14B — up 23% from $4.17B a quarter earlier.

Buyers outnumbered sellers: 62 funds opened new PIPR positions and 34 closed out — a net gain of 28 holders — while 139 added to existing stakes and 97 trimmed.

The largest buyer was Wellington Management Group, opening a new position worth an estimated $36.1M. The largest seller was Millennium Management, cutting an estimated $71.6M.

  • 382 institutional investors held Piper Sandler (PIPR) as of Q3 2025, up from 357 in Q2 2025.
  • Funds reported $5.14B of Piper Sandler stock for Q3 2025, up 23% quarter-over-quarter.
  • 62 funds opened new Piper Sandler positions in Q3 2025 and 34 closed out, a net change of +28 holders.
  • The largest Piper Sandler buyer in Q3 2025 was Wellington Management Group, an estimated $36.1M added.
  • The largest Piper Sandler seller in Q3 2025 was Millennium Management, an estimated $71.6M sold.

Based on aggregated 13F filings for Q3 2025.