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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
Bank of New York Mellon
26
Bank of New York Mellon
New York
$53.7M -$324K -3,972 -0.6%
Loomis, Sayles & Company
27
Loomis, Sayles & Company
Massachusetts
$52.8M +$4.38M +53,736 +10%
NRCM
28
North Reef Capital Management
California
$52.6M -$25.5M -313,172 -34%
Wellington Management Group
29
Wellington Management Group
Massachusetts
$38.4M +$36.1M +442,952 New
Balyasny Asset Management
30
Balyasny Asset Management
Illinois
$38.3M +$7.32M +89,732 +25%
GWM
31
Greenwich Wealth Management
Connecticut
$36.2M +$3.59K +44 +0%
Envestnet Asset Management
32
Envestnet Asset Management
Illinois
$31.5M +$2.7M +33,104 +10%
Barclays
33
Barclays
United Kingdom
$30.6M +$15.1M +185,460 +111%
TCM
34
TimesSquare Capital Management
New York
$28.8M +$27M +331,440 New
KCM
35
Kennedy Capital Management
Missouri
$28.6M +$4.43M +54,308 +20%
Fiera Capital (Canada)
36
Fiera Capital (Canada)
Quebec, Canada
$28.3M +$26.6M +326,668 New
DCM
37
Driehaus Capital Management
Illinois
$28.3M +$26.6M +326,096 New
Principal Financial Group
38
Principal Financial Group
Iowa
$27.9M -$377K -4,620 -1%
Janus Henderson Group
39
Janus Henderson Group
United Kingdom
$23.9M -$3.99M -48,872 -15%
Public Sector Pension Investment Board (PSP Investments)
40
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$22.5M +$2.87M +35,216 +16%
Neuberger Berman Group
41
Neuberger Berman Group
New York
$22.1M +$11M +134,480 +112%
Bank of America
42
Bank of America
North Carolina
$21.2M +$5.76M +70,608 +41%
AI
43
Axiom Investors
Connecticut
$20.9M +$8.73M +107,000 +80%
Ameriprise
44
Ameriprise
Minnesota
$20.9M -$3.44M -42,140 -15%
SEI Investments
45
SEI Investments
Pennsylvania
$20.2M +$1.19M +14,568 +7%
FAM
46
Fred Alger Management
New York
$18.2M +$2.08M +25,448 +14%
ACL
47
Azora Capital LP
Florida
$17.2M +$16.1M +198,028 New
RhumbLine Advisers
48
RhumbLine Advisers
Massachusetts
$16.9M +$9.13K +112 +0.1%
Legal & General Group
49
Legal & General Group
United Kingdom
$16.1M -$381K -4,668 -2%
NIP
50
Nicholas Investment Partners
California
$15.7M +$6.88M +84,352 +87%
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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.