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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
WOC
376
West Oak Capital
California
$520 – – –
PA
377
Pineridge Advisors
Missouri
$351 – – –
AWM
378
Abound Wealth Management
Tennessee
$347 – – –
TFM
379
TFC Financial Management
Massachusetts
$347 – – –
PAM
380
Palisade Asset Management
Minnesota
$347 +$326 +4 New
BHWM
381
Bay Harbor Wealth Management
Maryland
$346 – – –
Norges Bank
382
Norges Bank
Norway
– -$59.8M -860,908 Closed
Walleye Capital
383
Walleye Capital
New York
– -$13.4M -192,588 Closed
BPA
384
Beacon Pointe Advisors
California
– -$10.7M -154,216 Closed
Point72 Asset Management
385
Point72 Asset Management
Connecticut
– -$8.03M -115,612 Closed
Arrowstreet Capital
386
Arrowstreet Capital
Massachusetts
– -$6.53M -93,980 Closed
CLGM
387
Capitolis Liquid Global Markets
New York
– -$5.81M -83,600 Closed
Renaissance Technologies
388
Renaissance Technologies
New York
– -$5.03M -72,380 Closed
Qube Research & Technologies (QRT)
389
Qube Research & Technologies (QRT)
United Kingdom
– -$3.4M -48,980 Closed
BFM
390
Boothbay Fund Management
New York
– -$3.2M -46,060 Closed
Tudor Investment Corp
391
Tudor Investment Corp
Connecticut
– -$2.51M -36,100 Closed
FF
392
Fluent Financial
Texas
– -$1.75M -25,252 Closed
PFO
393
PMC FIG Opportunities
Israel
– -$1.75M -25,236 Closed
HI
394
Horizon Investments
North Carolina
– -$1.24M -17,836 Closed
PAP
395
Persistent Asset Partners
Hong Kong
– -$605K -8,704 Closed
Aviva
396
Aviva
United Kingdom
– -$506K -7,284 Closed
RAM
397
Readystate Asset Management
Illinois
– -$465K -6,688 Closed
MYIA
398
Mount Yale Investment Advisors
Colorado
– -$392K -5,640 Closed
XT
399
XTX Topco
Cayman Islands
– -$392K -5,636 Closed
FRM
400
Fox Run Management
Connecticut
– -$384K -5,532 Closed
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.