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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
HWM
326
Hemington Wealth Management
Virginia
$12K +$979 +12 +9%
MCM
327
MAI Capital Management
Ohio
$11.8K -$3.26K -40 -23%
WANY
328
Wealthspire Advisors (New York)
New York
$10.8K +$10.1K +124 New
BFS
329
Bare Financial Services
Pennsylvania
$10.1K +$979 +12 +12%
CIAM
330
Caitong International Asset Management
Hong Kong
$9.37K +$8.81K +108 New
RIL
331
Rothschild Investment LLC
Illinois
$8.68K -$2.28K -28 -22%
DPW
332
DiNuzzo Private Wealth
Pennsylvania
$8.35K – – –
BIA
333
Bell Investment Advisors
California
$7.63K -$979 -12 -12%
CA
334
Clearstead Advisors
Ohio
$7.63K -$979 -12 -12%
PWMG
335
Prestige Wealth Management Group
New Jersey
$6.59K – – –
JWA
336
JFS Wealth Advisors
Pennsylvania
$6.25K – – –
PWMG
337
Private Wealth Management Group
New Jersey
$5.9K – – –
PTC
338
Private Trust Company
Ohio
$5.21K – – –
VWWMG
339
Vermillion & White Wealth Management Group
Pennsylvania
$5.21K – – –
AAS
340
Ameritas Advisory Services
Nebraska
$4.51K – – –
AS
341
Altshuler Shaham
Israel
$4.51K +$4.24K +52 New
AFG
342
Albion Financial Group
Utah
$4.16K +$3.91K +48 New
Twin Tree Management
343
Twin Tree Management
Texas
$4.16K +$3.91K +48 New
CFD
344
Creative Financial Designs
Indiana
$3.82K – – –
W
345
WealthCollab
Washington
$3.82K – – –
DCBT
346
Dakota Community Bank & Trust
North Dakota
$3.47K – – –
FFO
347
Fortitude Family Office
Arizona
$3.12K – – –
PWA
348
Provenance Wealth Advisors
Florida
$3.12K – – –
CMA
349
Cedar Mountain Advisors
Oregon
$3.12K +$1.96K +24 +200%
JFGIW
350
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$2.78K – – –
12 13
14
15 16

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.