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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
AWA
201
Arete Wealth Advisors
Illinois
$568K +$1.96K +24 +0.4%
SC
202
Schulhoff & Co
Ohio
$561K -$14.7K -180 -3%
DWM
203
Destination Wealth Management
California
$521K – – –
TRCT
204
Tower Research Capital (TRC)
New York
$511K -$195K -2,392 -29%
OWP
205
Obermeyer Wealth Partners
Colorado
$510K – – –
AIP
206
Ameritas Investment Partners
Nebraska
$507K -$100K -1,232 -17%
FMII
207
Farmers & Merchants Investments Inc
Nebraska
$489K – – –
X
208
Xponance
Pennsylvania
$478K +$6.52K +80 +1%
PPW
209
Parcion Private Wealth
Washington
$474K +$979 +12 +0.2%
TFO
210
Tarbox Family Office
California
$470K – – –
VF
211
Virtu Financial
New York
$461K +$434K +5,320 New
HAG
212
HighPoint Advisor Group
Illinois
$446K +$652 +8 +0.2%
EI
213
Ethic Inc
New York
$442K +$105K +1,292 +34%
FT
214
Fiduciary Trust
Massachusetts
$432K – – –
PAM
215
Panagora Asset Management
Massachusetts
$431K -$31.6K -388 -7%
HWMO
216
Heritage Wealth Management (Ohio)
Ohio
$424K – – –
MA
217
Modus Advisors
Minnesota
$416K – – –
CL
218
Choreo LLC
Illinois
$390K +$14.7K +180 +4%
Mitsubishi UFJ Trust & Banking
219
Mitsubishi UFJ Trust & Banking
Japan
$378K +$16.6K +204 +5%
Mackenzie Financial
220
Mackenzie Financial
Ontario, Canada
$377K – – –
KAS
221
Kestra Advisory Services
Texas
$369K +$39.5K +484 +13%
YMRC
222
Yorktown Management & Research Company
Virginia
$368K – – –
PS
223
Principal Securities
Iowa
$365K +$26.1K +320 +8%
Corient Private Wealth
224
Corient Private Wealth
Florida
$357K +$50.2K +616 +18%
TCA
225
Transcend Capital Advisors
New Jersey
$357K -$1.96K -24 -0.6%
7 8
9
10 11

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.