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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
NA
301
NewEdge Advisors
Louisiana
$34.9K +$326 +4 +1%
DB
302
Danske Bank
Denmark
$34.7K – – –
Nomura Asset Management
303
Nomura Asset Management
Japan
$34.7K – – –
AAM
304
Advisors Asset Management
Colorado
$33K +$31K +380 New
WT
305
Whittier Trust
California
$31.4K +$30K +368 New
MAFA
306
MJT & Associates Financial Advisory
Minnesota
$27.8K – – –
BWL
307
Bogart Wealth LLC
Virginia
$27.8K – – –
MPWT
308
MassMutual Private Wealth & Trust
Connecticut
$26.4K +$326 +4 +1%
Optiver Holding
309
Optiver Holding
Netherlands
$25.7K +$9.46K +116 +64%
Federated Hermes
310
Federated Hermes
Pennsylvania
$20.8K +$19.6K +240 New
SWM
311
Spire Wealth Management
Virginia
$20.5K – – –
AGWCA
312
Annis Gardner Whiting Capital Advisors
Florida
$20.1K +$18.3K +224 +2,800%
UB
313
UMB Bank
Missouri
$20.1K +$4.89K +60 +35%
TFA
314
Transamerica Financial Advisors
Florida
$19.8K +$18.9K +232 New
RA
315
Rise Advisors
New York
$18.1K – – –
SIC
316
Salem Investment Counselors
North Carolina
$18K – – –
ASN
317
Advisory Services Network
Georgia
$18K +$17K +208 New
SCM
318
Sterling Capital Management
North Carolina
$14.9K – – –
FWM
319
FSA Wealth Management
Massachusetts
$14.2K – – –
EWA
320
EverSource Wealth Advisors
Alabama
$13.5K – – –
WA
321
WPG Advisers
Maryland
$13.5K +$4.24K +52 +50%
LFG
322
Larson Financial Group
Missouri
$13.2K +$11.1K +136 +850%
RFP
323
Root Financial Partners
California
$13.2K +$12.4K +152 New
GIA
324
GHP Investment Advisors
Colorado
$12.8K – – –
HWM
325
HighMark Wealth Management
Minnesota
$12.1K – – –
11 12
13
14 15

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.