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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
Allspring Global Investments
51
Allspring Global Investments
North Carolina
$15.2M -$3.07M -37,680 -17%
BNP Paribas Asset Management
52
BNP Paribas Asset Management
France
$13.4M -$820K -10,052 -6%
Swiss National Bank
53
Swiss National Bank
Switzerland
$11.9M +$163K +2,000 +1%
New York State Common Retirement Fund
54
New York State Common Retirement Fund
New York
$11.3M +$7.73M +94,836 +265%
UBS AM
55
UBS AM
Illinois
$11.3M -$15.5M -189,652 -59%
ECM
56
ExodusPoint Capital Management
New York
$10.3M +$9.7M +119,008 New
Millennium Management
57
Millennium Management
New York
$9.75M -$71.6M -878,148 -89%
CM
58
Castleark Management
Illinois
$9.66M +$9.08M +111,384 New
UBS Group
59
UBS Group
Switzerland
$9.56M -$3.15M -38,644 -26%
State of Wisconsin Investment Board
60
State of Wisconsin Investment Board
Wisconsin
$8.91M +$196K +2,400 +2%
Raymond James Financial
61
Raymond James Financial
Florida
$8.9M +$114K +1,404 +1%
MAP
62
Moody Aldrich Partners
Massachusetts
$8.44M -$303K -3,720 -4%
Truist Financial
63
Truist Financial
North Carolina
$8.43M -$134K -1,648 -2%
PCM
64
Pinnbrook Capital Management
New York
$8.4M +$7.9M +96,856 New
New York State Teachers Retirement System (NYSTRS)
65
New York State Teachers Retirement System (NYSTRS)
New York
$8.37M -$890K -10,916 -10%
Universal-Beteiligungs- und Servicegesellschaft
66
Universal-Beteiligungs- und Servicegesellschaft
Germany
$8.36M +$3.04M +37,220 +63%
Prudential Financial
67
Prudential Financial
New Jersey
$8.03M -$7.88M -96,624 -51%
Royal Bank of Canada
68
Royal Bank of Canada
Ontario, Canada
$7.84M -$198K -2,428 -3%
Wells Fargo
69
Wells Fargo
California
$7.57M +$2.83M +34,664 +66%
Luther King Capital Management (LKCM)
70
Luther King Capital Management (LKCM)
Texas
$7.5M – – –
Russell Investments Group
71
Russell Investments Group
United Kingdom
$7.43M +$3.26M +39,980 +88%
Natixis Advisors
72
Natixis Advisors
Massachusetts
$7.3M +$523K +6,408 +8%
Teacher Retirement System of Texas
73
Teacher Retirement System of Texas
Texas
$7.26M -$747K -9,164 -10%
Creative Planning
74
Creative Planning
Kansas
$7.23M +$2.02M +24,772 +42%
Canada Life
75
Canada Life
Manitoba, Canada
$6.67M +$81.9K +1,004 +1%
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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.