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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
Jane Street
176
Jane Street
New York
$789K +$742K +9,100 New
VA
177
Vident Advisory
Georgia
$768K -$91.7K -1,124 -11%
FFA
178
Farther Finance Advisors
California
$768K +$42.7K +524 +6%
OIA
179
OneDigital Investment Advisors
Kansas
$767K +$63.3K +776 +10%
KNW
180
Kesler Norman & Wride
Utah
$753K +$818K +10,036 New
ECM
181
Evergreen Capital Management
Washington
$751K +$175K +2,140 +33%
TI
182
Tidal Investments
Wisconsin
$735K -$31.3K -384 -4%
Commonwealth Equity Services
183
Commonwealth Equity Services
Massachusetts
$725K -$56.8K -696 -8%
Public Employees Retirement Association of Colorado
184
Public Employees Retirement Association of Colorado
Colorado
$710K – – –
MAM
185
Morse Asset Management
Connecticut
$708K – – –
Pathstone Holdings
186
Pathstone Holdings
New Jersey
$701K +$281K +3,444 +74%
VT
187
Vise Technologies
New York
$691K -$191K -2,348 -23%
CCM
188
Coldstream Capital Management
Washington
$675K +$54.5K +668 +9%
TI
189
Truepoint Inc
Ohio
$675K – – –
Susquehanna International Group
190
Susquehanna International Group
Pennsylvania
$673K -$7.04M -86,348 -92%
ECM
191
Everence Capital Management
Indiana
$666K – – –
WCM
192
Wallace Capital Management
Texas
$659K -$93.9K -1,152 -13%
CBU
193
CIBC Bancorp USA
Illinois
$647K +$608K +7,460 New
MOACM
194
Mutual of America Capital Management
New York
$646K -$81.2K -996 -12%
CAM
195
Cresset Asset Management
Illinois
$638K +$5.87K +72 +1%
Bank of Montreal
196
Bank of Montreal
Ontario, Canada
$609K -$496K -6,080 -46%
CG
197
Cynosure Group
Utah
$607K – – –
Mercer Global Advisors
198
Mercer Global Advisors
Colorado
$590K +$117K +1,440 +27%
BPC
199
Banque Pictet & Cie
Switzerland
$581K -$3.59K -44 -0.7%
RFC
200
Regions Financial Corp
Alabama
$580K -$44.7K -548 -8%
6 7
8
9 10

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.