Piper Sandler
PIPR
357 hedge funds and large institutions have $4.17B invested in Piper Sandler in 2025 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 126 increasing their positions, 114 reducing their positions, and 48 closing their positions.
97% more call options, than puts
Call options by funds: $7.79M | Put options by funds: $3.95M
18% more capital invested
Capital invested by funds: $3.53B → $4.17B (+$636M)
15.78% more ownership
Funds ownership: 321.56% → 337.34% (+16%)
11% more repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 114
6% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 48
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less funds holding
Funds holding: 358 → 357 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$53.7M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$45.9M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$45.7M |
| 4 |
NRCM
North Reef Capital Management
Laguna Beach,
California
|
+$29.9M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$25.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$44.4M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$24.8M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$11.5M |
| 4 |
Janus Henderson Group
London,
|
-$11.4M |
| 5 |
Jane Street
New York
|
-$9.76M |
PIPR Hedge Fund Activity: Q2 2025 in Review
357 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Piper Sandler (PIPR) for Q2 2025, worth a combined $4.17B — up 18% from $3.53B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new PIPR positions and 48 closed out — a net gain of 3 holders — while 126 added to existing stakes and 114 trimmed.
The largest buyer was Millennium Management, adding an estimated $53.7M. The largest seller was BlackRock, cutting an estimated $44.4M.
- 357 institutional investors held Piper Sandler (PIPR) as of Q2 2025, down from 358 in Q1 2025.
- Funds reported $4.17B of Piper Sandler stock for Q2 2025, up 18% quarter-over-quarter.
- 51 funds opened new Piper Sandler positions in Q2 2025 and 48 closed out, a net change of +3 holders.
- The largest Piper Sandler buyer in Q2 2025 was Millennium Management, an estimated $53.7M added.
- The largest Piper Sandler seller in Q2 2025 was BlackRock, an estimated $44.4M sold.
Based on aggregated 13F filings for Q2 2025.