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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
EP
76
Edgestream Partners
New Jersey
$6.51M +$5.52M +67,732 +928%
BCI
77
Brinker Capital Investments
Pennsylvania
$6.32M +$675K +8,276 +13%
California State Teachers Retirement System (CalSTRS)
78
California State Teachers Retirement System (CalSTRS)
California
$5.79M +$113K +1,380 +2%
LCG
79
Lisanti Capital Growth
New York
$5.54M +$1.68M +20,600 +48%
EI
80
EAM Investors
California
$5.39M +$5.16M +63,220 New
T. Rowe Price Associates
81
T. Rowe Price Associates
Maryland
$5.39M +$217K +2,656 +4%
IP
82
Interval Partners
New York
$5.2M -$1.99M -24,400 -29%
Deutsche Bank
83
Deutsche Bank
Germany
$4.87M +$558K +6,844 +14%
CIC
84
Crawford Investment Counsel
Georgia
$4.75M -$979K -12,000 -18%
EAM
85
EFG Asset Management
Oregon
$4.33M -$532K -6,528 -12%
CCM
86
Cinctive Capital Management
New York
$4.28M +$828K +10,148 +26%
Thrivent Financial for Lutherans
87
Thrivent Financial for Lutherans
Minnesota
$4.16M -$30K -368 -0.8%
Wealth Enhancement Advisory Services
88
Wealth Enhancement Advisory Services
Minnesota
$4.06M +$13.7K +168 +0.4%
Cerity Partners
89
Cerity Partners
New York
$3.96M -$333K -4,084 -8%
JIR
90
James Investment Research
Ohio
$3.86M +$52.8K +648 +1%
HSBC Holdings
91
HSBC Holdings
United Kingdom
$3.86M +$1.03M +12,656 +40%
MIM
92
MetLife Investment Management
New Jersey
$3.56M -$13.2M -162,068 -80%
MAM
93
Martingale Asset Management
Massachusetts
$3.46M -$158K -1,936 -5%
OLA
94
Oliver Luxxe Assets
New Jersey
$3.44M +$65.6K +804 +2%
Mariner
95
Mariner
Kansas
$3.24M -$34.6K -424 -1%
MML Investors Services
96
MML Investors Services
Massachusetts
$3.14M +$143K +1,756 +5%
SOADOR
97
State of Alaska Department of Revenue
Alaska
$3.14M -$240K -2,948 -8%
CI Investments Inc
98
CI Investments Inc
Ontario, Canada
$3.11M +$2.69M +32,980 +1,158%
Manulife (Manufacturers Life Insurance)
99
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$3.11M -$108K -1,324 -4%
KOCAA
100
Knights of Columbus Asset Advisors
Connecticut
$3.11M +$585K +7,176 +25%
2 3
4
5 6

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.