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Piper Sandler
PIPR

358 hedge funds and large institutions have $3.53B invested in Piper Sandler in 2025 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 139 increasing their positions, 105 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

436% more call options, than puts

Call options by funds: $13.3M | Put options by funds: $2.48M

32% more repeat investments, than reductions

Existing positions increased: 139 | Existing positions reduced: 105

31% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 39

2% more funds holding

Funds holding: 350 → 358 (+8)

0.48% more ownership

Funds ownership: 321.08% → 321.57% (+0.48%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

18% less capital invested

Capital invested by funds: $4.28B → $3.53B (-$751M)

Holders
358
Holders Change
+8
Holders Change %
+2.29%
% of All Funds
4.8%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
51
Increased
139
Reduced
105
Closed
39
Calls
$13.3M
Puts
$2.48M
Net Calls
+$10.8M
Net Calls Change
+$9.03M

Top Buyers

1
WHG
Westwood Holdings Group
Texas
+$26.5M
2
BlackRock
BlackRock
New York
+$23.2M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$11.9M
4
MIM
MetLife Investment Management
New Jersey
+$11.5M
5
SIMG
Stephens Investment Management Group
Texas
+$10.3M

Top Sellers

1
Invesco
Invesco
Georgia
-$18.7M
2
Millennium Management
Millennium Management
New York
-$17.6M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$13.9M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$12.3M
5
JP Morgan Chase
JP Morgan Chase
New York
-$10.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
126
Legato Capital Management
California
$1.4M -$191K -2,664 -11%
ZIM
127
Zacks Investment Management
Illinois
$1.38M +$1.6M +22,328 New
AQR Capital Management
128
AQR Capital Management
Connecticut
$1.38M +$274K +3,824 +21%
ACM
129
Aurdan Capital Management
Pennsylvania
$1.37M -$5.15K -72 -0.3%
ASRS
130
Arizona State Retirement System
Arizona
$1.26M -$10.6K -148 -0.7%
Victory Capital Management
131
Victory Capital Management
Texas
$1.25M -$2.17M -30,304 -60%
SO
132
STRS Ohio
Ohio
$1.24M +$57.3K +800 +4%
MSRPS
133
Maryland State Retirement & Pension System
Maryland
$1.17M -$178K -2,488 -12%
IQI
134
Integrated Quantitative Investments
Washington
$1.16M -$1.15K -16 -0.1%
AB
135
Amalgamated Bank
New York
$1.15M -$22K -308 -2%
LFAS
136
Level Four Advisory Services
Texas
$1.13M +$1.01M +14,112 +344%
Man Group
137
Man Group
United Kingdom
$1.11M +$449K +6,272 +54%
TRSOTSOK
138
Teachers Retirement System of the State of Kentucky
Kentucky
$1.08M – – –
OSAM
139
O'Shaughnessy Asset Management
Connecticut
$1.07M +$9.73K +136 +0.8%
Handelsbanken Fonder
140
Handelsbanken Fonder
Sweden
$1.06M – – –
Osaic Holdings
141
Osaic Holdings
Arizona
$1.03M +$336K +4,688 +40%
Acadian Asset Management
142
Acadian Asset Management
Massachusetts
$1.02M -$353K -4,928 -23%
YIH
143
Y-Intercept (HK)
Hong Kong
$1.01M +$1.17M +16,328 New
ProShare Advisors
144
ProShare Advisors
Maryland
$1.01M -$326K -4,556 -22%
Los Angeles Capital Management
145
Los Angeles Capital Management
California
$955K +$604K +8,440 +121%
COPPSERS
146
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$954K +$134K +1,872 +14%
CWM
147
CIBC World Markets
New York
$954K +$638K +8,916 +137%
PFSRSONJ
148
Police & Firemen's Retirement System of New Jersey
New Jersey
$917K – – –
OPERF
149
Oregon Public Employees Retirement Fund
Oregon
$913K -$17.2K -240 -2%
TI
150
Trexquant Investment
Connecticut
$910K +$1.05M +14,696 New
4 5
6
7 8

PIPR Hedge Fund Activity: Q1 2025 in Review

358 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Piper Sandler (PIPR) for Q1 2025, worth a combined $3.53B — down 18% from $4.28B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new PIPR positions and 39 closed out — a net gain of 12 holders — while 139 added to existing stakes and 105 trimmed.

The largest buyer was Westwood Holdings Group, adding an estimated $26.5M. The largest seller was Invesco, cutting an estimated $18.7M.

  • 358 institutional investors held Piper Sandler (PIPR) as of Q1 2025, up from 350 in Q4 2024.
  • Funds reported $3.53B of Piper Sandler stock for Q1 2025, down 18% quarter-over-quarter.
  • 51 funds opened new Piper Sandler positions in Q1 2025 and 39 closed out, a net change of +12 holders.
  • The largest Piper Sandler buyer in Q1 2025 was Westwood Holdings Group, an estimated $26.5M added.
  • The largest Piper Sandler seller in Q1 2025 was Invesco, an estimated $18.7M sold.

Based on aggregated 13F filings for Q1 2025.