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Piper Sandler
PIPR

143 hedge funds and large institutions have $394M invested in Piper Sandler in 2013 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 46 increasing their positions, 48 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more call options, than puts

Call options by funds: $710K | Put options by funds: $607K

7.19% more ownership

Funds ownership: 277.95% → 285.14% (+7.2%)

4% more capital invested

Capital invested by funds: $379M → $394M (+$14.9M)

4% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 48

8% less funds holding

Funds holding: 156 → 143 (-13)

43% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 28

Holders
143
Holders Change
-13
Holders Change %
-8.33%
% of All Funds
4.64%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
46
Reduced
48
Closed
28
Calls
$710K
Puts
$607K
Net Calls
+$103K
Net Calls Change
-$1K

Top Buyers

1
Pzena Investment Management
Pzena Investment Management
New York
+$14.6M
2
RA
Royce & Associates
New York
+$5.86M
3
MCM
Maltese Capital Management
New York
+$3.03M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$2.9M
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$2.43M

Top Sellers

1
RIM
Rainier Investment Management
Washington
-$11.3M
2
HCM
Hodges Capital Management
Texas
-$5.2M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$4.21M
4
QBFM
QS Batterymarch Financial Management
New York
-$3.06M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$2.74M
Name Holding Trade Value Shares
Change 		Change in
Stake
TRCT
101
Tower Research Capital (TRC)
New York
$75K +$35K +4,160 +92%
Teacher Retirement System of Texas
102
Teacher Retirement System of Texas
Texas
$73K +$33.5K +3,980 +87%
PI
103
PineBridge Investments
New York
$64K +$1.58K +188 +3%
PAM
104
Paradigm Asset Management
New York
$63.4K +$3.37K +400 +6%
First Manhattan
105
First Manhattan
New York
$54K – – –
Creative Planning
106
Creative Planning
Kansas
$39K +$438 +52 +1%
GT
107
Glenmede Trust
Pennsylvania
$30K -$308K -36,536 -91%
U
108
UBS
Switzerland
$29K -$13K -1,540 -31%
BlackRock
109
BlackRock
New York
$22K +$2.29K +272 +12%
HCM
110
Horrell Capital Management
Arkansas
$15K – – –
BC
111
Bartlett & Co
Ohio
$14K -$16.8K -2,000 -55%
LIA
112
LS Investment Advisors
Michigan
$14K – – –
OIA
113
Optimum Investment Advisors
Illinois
$11K +$10.5K +1,252 New
TWI
114
Thomas White International
Illinois
$10K – – –
SGAM
115
Smith Group Asset Management
Texas
$9K – – –
EFSCE
116
Enterprise Financial Services Corp (EFSC)
Missouri
$8K – – –
LTFS
117
Ladenburg Thalmann Financial Services
Florida
$8K +$438 +52 +6%
FMII
118
Farmers & Merchants Investments Inc
Nebraska
$7K – – –
JFGIW
119
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$6K – – –
WRM
120
Westport Resources Management
Connecticut
$6K – – –
PMFA
121
Plante Moran Financial Advisors
Michigan
$5K – – –
WF
122
WealthTrust Fairport
Ohio
$5K – – –
RIA
123
Regal Investment Advisors
Michigan
$5K +$5.05K +600 New
Parallax Volatility Advisers
124
Parallax Volatility Advisers
California
$5K +$5.09K +604 New
YL
125
YCG LLC
Texas
$3K +$2.09K +248 +119%
3 4
5
6 7

PIPR Hedge Fund Activity: Q3 2013 in Review

143 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Piper Sandler (PIPR) for Q3 2013, worth a combined $394M — up 3.9% from $379M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of PIPR and 16 opened new positions — a net loss of 12 holders — while 48 trimmed existing stakes and 46 added.

The largest buyer was Pzena Investment Management, opening a new position worth an estimated $14.6M. The largest seller was Rainier Investment Management, exiting entirely with an estimated $11.3M sold.

  • 143 institutional investors held Piper Sandler (PIPR) as of Q3 2013, down from 156 in Q2 2013.
  • Funds reported $394M of Piper Sandler stock for Q3 2013, up 3.9% quarter-over-quarter.
  • 16 funds opened new Piper Sandler positions in Q3 2013 and 28 closed out, a net change of -12 holders.
  • The largest Piper Sandler buyer in Q3 2013 was Pzena Investment Management, an estimated $14.6M added.
  • The largest Piper Sandler seller in Q3 2013 was Rainier Investment Management, an estimated $11.3M sold.

Based on aggregated 13F filings for Q3 2013.