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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
ECM
201
Evergreen Capital Management
Washington
$363K +$32.4K +452 +8%
Tudor Investment Corp
202
Tudor Investment Corp
Connecticut
$355K -$5.65M -78,880 -93%
FMII
203
Farmers & Merchants Investments Inc
Nebraska
$349K – – –
MYIA
204
Mount Yale Investment Advisors
Colorado
$342K +$1.15K +16 +0.3%
Mercer Global Advisors
205
Mercer Global Advisors
Colorado
$341K -$4.29K -60 -1%
PPW
206
Parcion Private Wealth
Washington
$337K – – –
TFO
207
Tarbox Family Office
California
$335K – – –
WTB
208
Washington Trust Bank
Washington
$330K – – –
PAM
209
Panagora Asset Management
Massachusetts
$327K +$24.1K +336 +7%
X
210
Xponance
Pennsylvania
$323K +$18.3K +256 +5%
CG
211
Cynosure Group
Utah
$322K +$107K +1,488 +40%
AAS
212
Avantax Advisory Services
Texas
$320K +$7.16K +100 +2%
HAG
213
HighPoint Advisor Group
Illinois
$312K +$5.15K +72 +1%
BC
214
Burney Company
Virginia
$309K -$175K -2,440 -33%
FT
215
Fiduciary Trust
Massachusetts
$307K +$354K +4,952 New
HWMO
216
Heritage Wealth Management (Ohio)
Ohio
$302K -$286 -4 -0.1%
AWA
217
Arete Wealth Advisors
Illinois
$297K -$14K -196 -4%
MA
218
Modus Advisors
Minnesota
$297K -$42.9K -600 -11%
VI
219
Vestcor Inc
New Brunswick, Canada
$279K -$1.31M -18,352 -80%
CL
220
Choreo LLC
Illinois
$273K +$4.87K +68 +2%
Mackenzie Financial
221
Mackenzie Financial
Ontario, Canada
$269K – – –
TCA
222
Transcend Capital Advisors
New Jersey
$265K +$306K +4,280 New
ET
223
Entropy Technologies
New York
$253K +$293K +4,088 New
USAA
224
United Services Automobile Association
Texas
$247K +$286K +3,996 New
DFCM
225
Dark Forest Capital Management
Puerto Rico
$242K +$280K +3,916 New
7 8
9
10 11

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.