Piper Sandler

PIPR • NYSE

Piper Sandler is a financial - capital markets company in the financial services sector on NYSE, led by Chad R. Abraham, with a market cap of $5.9B. As of Q3 2025, 84% of shares are held by 375 institutional investors, with BlackRock, Inc. as the largest holder at 14.16%.

CEOChad R. Abraham

Market Cap$5.9B

Financial - Capital Markets

Financial Services

Employees1.7K

Websitepipersandler.com

Country

United States of America

Overview

Overview of institutional ownership in PIPR as of Q3 2025 with a market cap of $6.1B

All Institutions

Institutions: 375
Value Held: $5.1B
Shares Held: 14.8M
Avg Position: $13.7M
Median Position: $690.7K

Hedge Funds

Hedge Funds: 21
Value Held: $248.2M
Shares Held: 715.2K
Avg Position: $11.8M
Median Position: $4.3M

Ownership Breakdown

Institutional (non-HF)

79.72%

$4.9B

Hedge Funds

4.04%

$248.2M

Retail & Other

16.24%

$996.9M

Based on market cap of $6.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PIPR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$869.1M 0.02% of portfolio	14.16% 2.5M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$732.2M 0.01% of portfolio	11.93% 2.1M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$247.9M 0.04% of portfolio	4.04% 714.5K shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$237.7M 0.01% of portfolio	3.87% 685.0K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
FMR LLC Institution	-	$188.0M 0.01% of portfolio	3.06% 541.9K shares	Q3 2018 Held for 7y 2m	$1.92T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$137.5M 0.01% of portfolio	2.24% 396.4K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$120.2M 0.03% of portfolio	1.96% 346.5K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$111.7M 0.02% of portfolio	1.82% 321.9K shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
GANNETT WELSH & KOTLER Long Only Manager	Thomas F X Powers CEO	$107.3M 0.95% of portfolio	1.75% 309.1K shares	Q4 2016 Held for 8y 11m	$11.2B
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$106.8M 0.03% of portfolio	1.74% 307.7K shares	≤ Q2 2013 Held for 12y 5m+	$317.45B

Net Capital Flow

Institutional buying and selling activity for PIPR in Q3 2025

Traded: +$39.1M
Buyers: 199
Sellers: 130
Total Bought: +$416.4M
Total Sold: −$377.3M
Avg Position: $12.5M

Biggest Buyers

Institution	Net Bought	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$38.4M +110.7K shares	$38.4M 110.7K shares
TimesSquare Capital Management, LLC Long Only Manager	+$28.8M +82.9K shares	$28.8M 82.9K shares
F Fiera Capital Corp Institution	+$28.3M +81.7K shares	$28.3M 81.7K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	+$28.3M +81.5K shares	$28.3M 81.5K shares
GOLDMAN SACHS GROUP INC Institution	+$23.0M +66.3K shares	$111.7M 321.9K shares
LORD, ABBETT & CO. LLC Long Only Manager	+$17.8M +51.2K shares	$61.1M 176.0K shares
Azora Capital LP Hedge Fund•Long/Short	+$17.2M +49.5K shares	$17.2M 49.5K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$16.6M +47.9K shares	$86.1M 248.0K shares
BARCLAYS PLC Institution	+$16.1M +46.4K shares	$30.6M 88.1K shares
N Neuberger Berman Group LLC Institution	+$11.7M +33.6K shares	$22.1M 63.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$76.2M −219.5K shares	$9.8M 28.1K shares
FMR LLC Institution	−$44.3M −127.7K shares	$188.0M 541.9K shares
N North Reef Capital Management LP Hedge Fund•Long/Short	−$27.2M −78.3K shares	$52.6M 151.7K shares
M MAIRS & POWER INC Institution	−$21.6M −62.2K shares	$64.1M 184.6K shares
WESTWOOD HOLDINGS GROUP INC Institution	−$21.5M −62.0K shares	$97.8M 281.9K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$16.5M −47.4K shares	$11.3M 32.5K shares
MetLife Investment Advisors, LLC Insurance Manager	−$14.1M −40.5K shares	$3.6M 10.3K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$13.4M −38.7K shares	$120.2M 346.5K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	−$13.4M −48.1K shares	Sold Off 0 shares
Beacon Pointe Advisors, LLC RIA/Wealth	−$10.7M −38.6K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PIPR in Q3 2025

New Positions: 22
New Value: $52.2M
Exited Positions: 34
Exited Value: $69.9M

New Positions

Institution	Position Value
TimesSquare Capital Management, LLC Long Only Manager	$28.8M 82.9K shares
CASTLEARK MANAGEMENT LLC Long Only Manager	$9.7M 27.8K shares
P PINNBROOK CAPITAL MANAGEMENT LP Hedge Fund•Global Macro	$8.4M 24.2K shares
Lighthouse Investment Partners, LLC Fund of Funds	$2.7M 7.9K shares
Voleon Capital Management LP Hedge Fund•Quant	$798.1K 2.3K shares
C CAXTON ASSOCIATES LLP Institution	$324.4K 935.0 shares
Sequoia Financial Advisors, LLC RIA/Wealth	$281.5K 811.0 shares
Forum Financial Management, LP RIA/Wealth	$229.4K 661.0 shares
B BLAIR WILLIAM & CO/IL Institution	$228.0K 657.0 shares
T TWO SIGMA SECURITIES, LLC Institution	$204.4K 589.0 shares

Exited Positions

Institution	Previous Position
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$13.4M 48.1K shares
Beacon Pointe Advisors, LLC RIA/Wealth	$10.7M 38.6K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$8.0M 28.9K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$6.5M 23.5K shares
C Capitolis Liquid Global Markets LLC Private Equity	$5.8M 20.9K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$5.0M 18.1K shares
Q Qube Research & Technologies Ltd Institution	$3.4M 12.2K shares
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$3.2M 11.5K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$2.5M 9.0K shares
Fluent Financial, LLC RIA/Wealth	$1.8M 6.3K shares

Options Activity

Institutions with the largest Call and Put options positions in PIPR as of Q3 2025

Call Positions: 6
Call Value: $12.4M
Put Positions: 6
Put Value: $5.9M

Call Positions

Institution	Position Value
P PEAK6 LLC Institution	$4.6M 133.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.6M 103.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.6M 47.0 contracts
D D. E. Shaw & Co., Inc. Institution	$1.5M 43.0 contracts
J JANE STREET GROUP, LLC Institution	$659.3K 19.0 contracts
W WOLVERINE TRADING, LLC Institution	$423.2K 12.0 contracts

Put Positions

Institution	Position Value
D D. E. Shaw & Co., Inc. Institution	$1.9M 54.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.7M 50.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.5M 44.0 contracts
J JANE STREET GROUP, LLC Institution	$485.8K 14.0 contracts
W WOLVERINE TRADING, LLC Institution	$246.9K 7.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$34.7K 1.0 contracts

Most Committed Institutions

Institutions with PIPR as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
N North Reef Capital Management LP Hedge Fund•Long/Short	Daniel Mariano Locasto COO	2.46% $52.6M	0.86% 151.7K shares	Q1 2023 Held for 2y 8m	$2.1B
Greenwich Wealth Management LLC RIA/Wealth	Michael James Freeburg Managing Partner	1.94% $36.2M	0.59% 104.2K shares	≤ Q2 2013 Held for 12y 5m+	$1.9B
MOODY ALDRICH PARTNERS LLC Long Only Manager	Daniel Brook Wanzenberg CIO	1.60% $8.4M	0.14% 24.3K shares	Q2 2024 Held for 1y 5m	$527.2M
SYSTEMATIC FINANCIAL MANAGEMENT LP Long Only Manager	Kenneth Burgess CIO	1.60% $65.7M	1.07% 189.4K shares	≤ Q2 2013 Held for 12y 5m+	$4.1B
P PINNBROOK CAPITAL MANAGEMENT LP Hedge Fund•Global Macro	Zachary Mitchell Kurz CIO	1.52% $8.4M	0.14% 24.2K shares	Q3 2025 Held for 2 months	$552.3M
Nicholas Investment Partners, LP Long Only Manager	Christopher Paul Siriani President	1.38% $15.7M	0.26% 45.4K shares	Q2 2024 Held for 1y 5m	$1.1B
AH Lisanti Capital Growth, LLC Long Only Manager	Mary Lisanti President	1.35% $5.5M	0.09% 16.0K shares	Q4 2024 Held for 11 months	$410.1M
Stephens Investment Management Group LLC Long Only Manager	Joseph Warren Simpson CEO	1.25% $96.9M	1.58% 279.4K shares	Q2 2020 Held for 5y 5m	$7.8B
GANNETT WELSH & KOTLER Long Only Manager	Thomas F X Powers CEO	0.95% $107.3M	1.75% 309.1K shares	Q4 2016 Held for 8y 11m	$11.2B
Azora Capital LP Hedge Fund•Long/Short	Ravi (Nmn) Chopra CIO	0.80% $17.2M	0.28% 49.5K shares	Q3 2025 Held for 2 months	$2.2B

Hedge Fund Spotlight

Discover hedge funds investing in PIPR

PANAGORA ASSET MANAGEMENT INC

Hedge Fund • Quant

Portfolio ManagerBryan David Belton

Portfolio Value: $24.8B
Positions: 1,146
Last Reported: Q3 2025

Sector Allocation

Position in Piper Sandler

Market Value: $431.3K
Shares Held: 1.2K
Portfolio Weight: 0.00%
Owned Since: 2023-Q4

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$1.9B	7.75%
2 Apple AAPL	Consumer Electronics Technology	$1.4B	5.65%
3 Microsoft MSFT	Software - Infrastructure Technology	$1.4B	5.45%