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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
MG
276
Mather Group
Illinois
$92.7K +$87.1K +1,068 New
AF
277
Allworth Financial
California
$90.9K +$2.61K +32 +3%
VCM
278
Versant Capital Management
Arizona
$83.6K – – –
HFM
279
Harvest Fund Management
China
$79K +$68.8K +844 +1,241%
AAP
280
Arax Advisory Partners
Colorado
$73.6K +$47.9K +588 +226%
MTIC
281
Missouri Trust & Investment Company
Missouri
$70.4K – – –
Rockefeller Capital Management
282
Rockefeller Capital Management
New York
$70.1K +$65.9K +808 New
DFA
283
DHJJ Financial Advisors
Illinois
$67.7K – – –
Acadian Asset Management
284
Acadian Asset Management
Massachusetts
$66K – – –
BCWM
285
Bartlett & Co Wealth Management
Ohio
$64.5K – – –
EB
286
Eastern Bank
Massachusetts
$63.5K +$59.7K +732 New
PA
287
Parallel Advisors
California
$60.7K – – –
C
288
Covestor
United Kingdom
$57K +$7.5K +92 +16%
GWM
289
Geneos Wealth Management
Colorado
$55.2K -$18.9K -232 -27%
SPIA
290
Steward Partners Investment Advisory
New York
$53.1K +$13.7K +168 +38%
Jones Financial Companies
291
Jones Financial Companies
Missouri
$52.9K +$9.46K +116 +24%
WPA
292
Wealth Preservation Advisors
Tennessee
$52.4K – – –
Mitsubishi UFJ Asset Management
293
Mitsubishi UFJ Asset Management
Japan
$43.4K – – –
CTC
294
Central Trust Company
Missouri
$42.3K +$6.52K +80 +20%
SL
295
Salomon & Ludwin
Virginia
$41.3K +$38.2K +468 New
BAMF
296
BI Asset Management Fondsmaeglerselskab
Denmark
$40K – – –
PFBT
297
Parkside Financial Bank & Trust
Missouri
$39.6K +$326 +4 +0.9%
AF
298
Advisornet Financial
Minnesota
$37.8K -$1.63K -20 -4%
PWAM
299
Private Wealth Asset Management
Iowa
$36.4K – – –
FP
300
Financial Perspectives
Minnesota
$35.7K – – –
10 11
12
13 14

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.