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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
GEA
351
Glen Eagle Advisors
New Jersey
$2.49K – – –
VWM
352
Vermillion Wealth Management
Minnesota
$2.45K – – –
HNB
353
Huntington National Bank
Ohio
$2.43K – – –
TIM
354
Tortoise Investment Management
New York
$2.43K +$326 +4 +17%
CFB
355
Cullen/Frost Bankers
Texas
$2.09K -$652 -8 -25%
CT
356
Clearstead Trust
Maine
$2.08K – – –
HPC
357
HM Payson & Co
Maine
$2.08K – – –
WTC
358
WhitTier Trust Company
Nevada
$2.05K +$1.96K +24 New
ACM
359
Aster Capital Management
United Arab Emirates
$1.74K -$88.1K -1,080 -98%
CFO
360
CVA Family Office
Colorado
$1.74K – – –
CIA
361
Cape Investment Advisory
Georgia
$1.74K +$1.63K +20 New
MA
362
Montag & Associates
Georgia
$1.74K +$1.63K +20 New
GRP
363
Global Retirement Partners
California
$1.39K – – –
TCOV
364
Trust Company of Vermont
Vermont
$1.39K +$1.3K +16 New
PWA
365
Physician Wealth Advisors
Utah
$1.04K – – –
RWM
366
Rialto Wealth Management
New York
$1.04K – – –
SS
367
SBI Securities
Japan
$1.04K – – –
TWD
368
True Wealth Design
Ohio
$1.04K – – –
Northwestern Mutual Wealth Management
369
Northwestern Mutual Wealth Management
Wisconsin
$1.04K +$979 +12 New
PPC
370
Park Place Capital
Alabama
$1.04K +$979 +12 New
EP
371
Essential Partners
California
$694 – – –
SIC
372
SJS Investment Consulting
Ohio
$694 – – –
HIA
373
HFM Investment Advisors
New Jersey
$694 +$326 +4 +100%
TPBG
374
Turning Point Benefit Group
Maryland
$677 +$652 +8 New
PEAK6
375
PEAK6
Illinois
$528 +$652 +8 New
13 14
15
16 17

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.