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Piper Sandler
PIPR

209 hedge funds and large institutions have $921M invested in Piper Sandler in 2017 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 54 increasing their positions, 57 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

122% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 23

50% more capital invested

Capital invested by funds: $613M → $921M (+$308M)

15% more funds holding

Funds holding: 181 → 209 (+28)

9.34% more ownership

Funds ownership: 273.28% → 282.62% (+9.3%)

5% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 57

24% less call options, than puts

Call options by funds: $2.54M | Put options by funds: $3.33M

Holders
209
Holders Change
+28
Holders Change %
+15.47%
% of All Funds
4.74%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
51
Increased
54
Reduced
57
Closed
23
Calls
$2.54M
Puts
$3.33M
Net Calls
-$793K
Net Calls Change
-$518K

Top Buyers

1
VOYA Investment Management
VOYA Investment Management
Georgia
+$17M
2
LSV Asset Management
LSV Asset Management
Illinois
+$7.82M
3
Deutsche Bank
Deutsche Bank
Germany
+$7.23M
4
NI
Numeric Investors
Massachusetts
+$4.56M
5
Renaissance Technologies
Renaissance Technologies
New York
+$4.3M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$21.5M
2
Norges Bank
Norges Bank
Norway
-$6.82M
3
Ameriprise
Ameriprise
Minnesota
-$5.13M
4
Invesco
Invesco
Georgia
-$3.07M
5
NFA
Nationwide Fund Advisors
Ohio
-$2.61M
Name Holding Trade Value Shares
Change 		Change in
Stake
LSERS
101
Louisiana State Employees Retirement System
Louisiana
$526K +$21.6K +1,200 +5%
GKIM
102
GW&K Investment Management
Massachusetts
$524K +$49.4K +2,740 +13%
State Board of Administration of Florida Retirement System
103
State Board of Administration of Florida Retirement System
Florida
$521K – – –
Capital Fund Management (CFM)
104
Capital Fund Management (CFM)
France
$492K +$101K +5,600 +33%
Hotchkis & Wiley Capital Management
105
Hotchkis & Wiley Capital Management
California
$482K +$403K +22,360 New
Tudor Investment Corp
106
Tudor Investment Corp
Connecticut
$474K -$133K -7,388 -25%
MERSOM
107
Municipal Employees' Retirement System of Michigan
Michigan
$464K +$5.05K +280 +1%
TRSOTSOK
108
Teachers Retirement System of the State of Kentucky
Kentucky
$451K – – –
PI
109
PineBridge Investments
New York
$450K -$704K -39,048 -65%
RJA
110
Raymond James & Associates
Florida
$434K -$361 -20 -0.1%
AG
111
Aperio Group
California
$432K +$22.1K +1,224 +6%
Teacher Retirement System of Texas
112
Teacher Retirement System of Texas
Texas
$429K +$359K +19,892 New
UBS Group
113
UBS Group
Switzerland
$420K -$155K -8,624 -31%
MLICM
114
Metropolitan Life Insurance Company (MetLife)
New York
$405K -$395K -21,920 -54%
Jennison Associates
115
Jennison Associates
New York
$389K -$3.32K -184 -1%
YMRC
116
Yorktown Management & Research Company
Virginia
$371K +$310K +17,200 New
SRAM
117
Stone Ridge Asset Management
New York
$363K +$303K +16,828 New
Nisa Investment Advisors
118
Nisa Investment Advisors
Missouri
$362K – – –
SCA
119
Secor Capital Advisors
New York
$344K +$287K +15,940 New
MSA
120
Mason Street Advisors
Wisconsin
$319K +$6.92K +384 +3%
UBS AM
121
UBS AM
Illinois
$310K – – –
PNC Financial Services Group
122
PNC Financial Services Group
Pennsylvania
$282K +$1.15K +64 +0.5%
WCM
123
Wedge Capital Management
North Carolina
$273K -$54K -2,996 -19%
Allianz Asset Management
124
Allianz Asset Management
Germany
$262K -$268K -14,884 -55%
PPCM
125
Pillar Pacific Capital Management
California
$259K +$216K +12,000 New
3 4
5
6 7

PIPR Hedge Fund Activity: Q4 2017 in Review

209 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Piper Sandler (PIPR) for Q4 2017, worth a combined $921M — up 50% from $613M a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new PIPR positions and 23 closed out — a net gain of 28 holders — while 54 added to existing stakes and 57 trimmed.

The largest buyer was VOYA Investment Management, adding an estimated $17M. The largest seller was Millennium Management, cutting an estimated $21.5M.

  • 209 institutional investors held Piper Sandler (PIPR) as of Q4 2017, up from 181 in Q3 2017.
  • Funds reported $921M of Piper Sandler stock for Q4 2017, up 50% quarter-over-quarter.
  • 51 funds opened new Piper Sandler positions in Q4 2017 and 23 closed out, a net change of +28 holders.
  • The largest Piper Sandler buyer in Q4 2017 was VOYA Investment Management, an estimated $17M added.
  • The largest Piper Sandler seller in Q4 2017 was Millennium Management, an estimated $21.5M sold.

Based on aggregated 13F filings for Q4 2017.