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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
HFS
151
Hantz Financial Services
Michigan
$1.38M +$104K +1,280 +9%
IQI
152
Integrated Quantitative Investments
Washington
$1.36M +$1.28M +15,732 New
OPERF
153
Oregon Public Employees Retirement Fund
Oregon
$1.3M -$9.13K -112 -0.7%
KK
154
KLP Kapitalforvaltning
Norway
$1.28M – – –
Zurich Cantonal Bank
155
Zurich Cantonal Bank
Switzerland
$1.21M +$155K +1,896 +16%
Ensign Peak Advisors
156
Ensign Peak Advisors
Utah
$1.21M -$2.59M -31,740 -69%
GIM
157
Glenmede Investment Management
Pennsylvania
$1.19M -$45.7K -560 -4%
SIA
158
Sit Investment Associates
Minnesota
$1.19M – – –
Nisa Investment Advisors
159
Nisa Investment Advisors
Missouri
$1.17M -$730K -8,952 -40%
VPIM
160
Vanguard Personalized Indexing Management
California
$1.16M +$111K +1,360 +11%
ProShare Advisors
161
ProShare Advisors
Maryland
$1.14M -$197K -2,412 -16%
Man Group
162
Man Group
United Kingdom
$1.08M +$471K +5,772 +87%
SSA
163
Schonfeld Strategic Advisors
New York
$1.06M +$385K +4,720 +63%
Envestnet Portfolio Solutions
164
Envestnet Portfolio Solutions
Illinois
$1.05M -$70.8K -868 -7%
SG Americas Securities
165
SG Americas Securities
New York
$1M +$674K +8,260 +250%
Amundi
166
Amundi
France
$1M +$67.2K +824 +8%
HighTower Advisors
167
HighTower Advisors
Illinois
$973K +$61.3K +752 +7%
AssetMark Inc
168
AssetMark Inc
California
$963K +$894K +10,968 +8,065%
QCG
169
Quadrant Capital Group
Ohio
$950K +$2.94K +36 +0.3%
Pictet Asset Management
170
Pictet Asset Management
Switzerland
$897K -$11.7K -144 -1%
Cambridge Investment Research Advisors
171
Cambridge Investment Research Advisors
Iowa
$893K +$839K +10,292 New
FCBT
172
First Citizens Bank & Trust
North Carolina
$887K -$33.3K -408 -4%
BEI
173
Benjamin Edwards Inc
Missouri
$845K +$131K +1,608 +20%
MSRPS
174
Maryland State Retirement & Pension System
Maryland
$831K -$794K -9,740 -50%
VCM
175
Voleon Capital Management
California
$798K +$750K +9,200 New
5 6
7
8 9

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.