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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
FFM
251
Forum Financial Management
Illinois
$229K +$216K +2,644 New
William Blair & Company
252
William Blair & Company
Illinois
$228K +$214K +2,628 New
Baird Financial Group
253
Baird Financial Group
Wisconsin
$226K -$50.6K -620 -19%
CGH
254
Crossmark Global Holdings
Texas
$218K -$32K -392 -14%
TPI
255
Trust Point Inc
Wisconsin
$217K +$204K +2,504 New
SFS
256
Sowell Financial Services
Arkansas
$216K +$203K +2,488 New
BAM
257
BOS Asset Management
Illinois
$215K +$203K +2,484 New
Fifth Third Bancorp
258
Fifth Third Bancorp
Ohio
$215K +$2.28K +28 +1%
SRC
259
Sage Rhino Capital
California
$212K +$199K +2,440 New
BOCH
260
Blue Owl Capital Holdings
New York
$211K +$198K +2,428 New
TSS
261
Two Sigma Securities
New York
$204K +$192K +2,356 New
SCM
262
Shelton Capital Management
Colorado
$204K +$192K +2,352 New
QCM
263
QRG Capital Management
Illinois
$201K +$189K +2,316 New
KBC Group
264
KBC Group
Belgium
$183K – – –
SC
265
SouthState Corp
Florida
$179K – – –
Simplex Trading
266
Simplex Trading
Illinois
$175K +$165K +2,024 New
GI
267
GAMMA Investing
California
$150K +$31.6K +388 +29%
HI
268
Harbour Investments
Wisconsin
$145K – – –
RAM
269
Ramirez Asset Management
New York
$139K – – –
Carson Wealth (CWM LLC)
270
Carson Wealth (CWM LLC)
Nebraska
$136K +$15.3K +188 +14%
AT
271
Avalon Trust
New Mexico
$130K – – –
S
272
SignatureFD
Georgia
$125K +$7.5K +92 +7%
CCM
273
Cloud Capital Management
Washington
$122K +$115K +1,412 New
IA
274
IFP Advisors
Florida
$106K +$48.3K +592 +94%
BTI
275
Blue Trust Inc
Georgia
$102K +$1.63K +20 +2%
9 10
11
12 13

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.