Piper Sandler
PIPR
392 hedge funds and large institutions have $4.59B invested in Piper Sandler in 2026 Q1 according to their latest regulatory filings, with 61 funds opening new positions, 167 increasing their positions, 112 reducing their positions, and 77 closing their positions.
49% more repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 112
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6% less funds holding
Funds holding: 417 → 392 (-25)
6.7% less ownership
Funds ownership: 343.38% → 336.67% (-6.7%)
11% less capital invested
Capital invested by funds: $5.16B → $4.59B (-$567M)
18% less call options, than puts
Call options by funds: $32.3M | Put options by funds: $39.3M
21% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 77
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$52.1M |
| 2 |
Fisher Asset Management
Camas,
Washington
|
+$35.7M |
| 3 |
Walleye Capital
New York
|
+$27.2M |
| 4 |
Goldman Sachs
New York
|
+$24.6M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
+$22.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$71M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$65.5M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$51.6M |
| 4 |
JP Morgan Chase
New York
|
-$24.7M |
| 5 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
-$22.1M |
PIPR Hedge Fund Activity: Q1 2026 in Review
392 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Piper Sandler (PIPR) for Q1 2026, worth a combined $4.59B — down 11% from $5.16B a quarter earlier.
Sellers outnumbered buyers: 77 funds closed out of PIPR and 61 opened new positions — a net loss of 16 holders — while 112 trimmed existing stakes and 167 added.
The largest buyer was Jacobs Levy Equity Management, opening a new position worth an estimated $52.1M. The largest seller was Citadel Advisors, cutting an estimated $71M.
- 392 institutional investors held Piper Sandler (PIPR) as of Q1 2026, down from 417 in Q4 2025.
- Funds reported $4.59B of Piper Sandler stock for Q1 2026, down 11% quarter-over-quarter.
- 61 funds opened new Piper Sandler positions in Q1 2026 and 77 closed out, a net change of -16 holders.
- The largest Piper Sandler buyer in Q1 2026 was Jacobs Levy Equity Management, an estimated $52.1M added.
- The largest Piper Sandler seller in Q1 2026 was Citadel Advisors, an estimated $71M sold.
Based on aggregated 13F filings for Q1 2026.