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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
BlackRock
1
BlackRock
New York
$869M -$6.47M -79,300 -0.8%
Vanguard Group
2
Vanguard Group
Pennsylvania
$732M +$7.03M +86,204 +1%
Invesco
3
Invesco
Georgia
$248M +$6.6M +80,928 +3%
State Street
4
State Street
Massachusetts
$238M +$1.35M +16,544 +0.6%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$188M -$41.6M -510,728 -19%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$138M -$1.44M -17,688 -1%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$120M -$12.6M -154,620 -10%
Goldman Sachs
8
Goldman Sachs
New York
$112M +$21.6M +265,164 +26%
GKIM
9
GW&K Investment Management
Massachusetts
$107M -$4.51M -55,328 -4%
AllianceBernstein
10
AllianceBernstein
Tennessee
$107M -$2.2M -27,012 -2%
WHG
11
Westwood Holdings Group
Texas
$97.8M -$20.2M -247,804 -18%
SIMG
12
Stephens Investment Management Group
Texas
$96.9M -$48.9K -600 -0.1%
JP Morgan Chase
13
JP Morgan Chase
New York
$96.1M -$4.38M -53,708 -5%
American Century Companies
14
American Century Companies
Missouri
$86.1M +$15.6M +191,540 +24%
Charles Schwab
15
Charles Schwab
California
$72.8M +$2.5M +30,620 +4%
Franklin Resources
16
Franklin Resources
California
$69.7M +$5.67M +69,568 +9%
Northern Trust
17
Northern Trust
Illinois
$68.1M +$57.1K +700 +0.1%
SFM
18
Systematic Financial Management
New Jersey
$65.7M -$1.76M -21,592 -3%
MPI
19
Mairs & Power Inc
Minnesota
$64.1M -$20.3M -248,912 -25%
Lord, Abbett & Co
20
Lord, Abbett & Co
New Jersey
$61.1M +$16.7M +204,708 +41%
Morgan Stanley
21
Morgan Stanley
New York
$60.7M -$165K -2,024 -0.3%
Fisher Asset Management
22
Fisher Asset Management
Washington
$57.4M +$4.82M +59,144 +10%
N
23
Nuveen
North Carolina
$56.3M -$4.49M -55,072 -8%
VOYA Investment Management
24
VOYA Investment Management
Georgia
$55.2M +$5.34M +65,532 +11%
Citadel Advisors
25
Citadel Advisors
Florida
$55.1M +$2.8M +34,388 +6%
1
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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.