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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
FAM
126
Formidable Asset Management
Ohio
$3K +$2.83K +336 New
Northwestern Mutual Wealth Management
127
Northwestern Mutual Wealth Management
Wisconsin
$2K -$34 -4 -2%
1IC
128
1919 Investment Counsel
Maryland
$1K – – –
BFEC
129
Benjamin F. Edwards & Company
Missouri
$1K – – –
DSC
130
Duncker Streett & Co
Missouri
$1K – – –
Federated Hermes
131
Federated Hermes
Pennsylvania
$1K – – –
MA
132
MCF Advisors
Kentucky
$1K – – –
WOC
133
West Oak Capital
California
$583 – – –
Manulife (Manufacturers Life Insurance)
134
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$431 +$10.9K +1,296 +3%
HCM
135
Highlander Capital Management
New Jersey
$411 – – –
RIM
136
Rainier Investment Management
Washington
– -$11.3M -1,426,480 Closed
PCM
137
Parameter Capital Management
Connecticut
– -$7.43M -940,000 Closed
HCM
138
Hodges Capital Management
Texas
– -$5.2M -657,960 Closed
Acadian Asset Management
139
Acadian Asset Management
Massachusetts
– -$4.21M -532,788 Closed
QBFM
140
QS Batterymarch Financial Management
New York
– -$3.06M -386,460 Closed
Lord, Abbett & Co
141
Lord, Abbett & Co
New Jersey
– -$2.74M -346,284 Closed
ARTA
142
A.R.T. Advisors
New York
– -$1.41M -178,328 Closed
NI
143
Numeric Investors
Massachusetts
– -$996K -126,000 Closed
Renaissance Technologies
144
Renaissance Technologies
New York
– -$797K -100,800 Closed
Two Sigma Investments
145
Two Sigma Investments
New York
– -$774K -97,928 Closed
D.E. Shaw & Co
146
D.E. Shaw & Co
New York
– -$500K -63,296 Closed
Millennium Management
147
Millennium Management
New York
– -$495K -62,604 Closed
SCM
148
Stevens Capital Management
Pennsylvania
– -$379K -47,940 Closed
STC
149
SEI Trust Company
Pennsylvania
– -$350K -44,240 Closed
SCM
150
Sterling Capital Management
North Carolina
– -$343K -43,352 Closed
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.