Who owns Piper Sandler Companies (PIPR)
Which tracked institutional funds hold PIPR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PIPR company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
70 tracked funds added or opened PIPR while 111 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
PIPR’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes PIPR more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in PIPR divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 392 tracked filers holding PIPR, 218 increased or opened the position and 185 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in PIPR between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 20
- Jupiter Topco LLC$35M
- Azora Capital LP$28M
- OP Asset Management Ltd$8M
- CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM$6M
- Jump Financial, LLC$5M
- ALGERT GLOBAL LLC$3M
Full exits 39
- GW&K Investment Management, LLC$70M
- LORD, ABBETT & CO. LLC$40M
- JANUS HENDERSON GROUP PLC$37M
- Greenwich Wealth Management LLC$32M
- Walleye Capital LLC$25M
- Longaeva Partners L.P.$16M
Largest adds
- BlackRock, Inc.$80M
- Invesco Ltd.$43M
- North Reef Capital Management LP$24M
- Boston Trust Walden Corp$19M
- Allspring Global Investments Holdings, LLC$15M
- NORGES BANK$12M
Largest trims
- FMR LLC$34M
- BALYASNY ASSET MANAGEMENT L.P.$25M
- VANGUARD PORTFOLIO MANAGEMENT LLC$18M
- JACOBS LEVY EQUITY MANAGEMENT, INC$16M
- Fiera Capital Corp$16M
- CITADEL ADVISORS LLC$15M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 11,048,611 | $799M | 19.3% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 5,186,683 | $375M | 9.1% | 2026-Q2 |
| Invesco Ltd. added | 3,141,984 | $227M | 5.5% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 3,038,326 | $220M | 5.3% | 2026-Q2 |
| STATE STREET CORP added | 2,919,922 | $211M | 5.1% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,741,263 | $126M | 3.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 1,616,193 | $117M | 2.8% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,424,002 | $103M | 2.5% | 2026-Q2 |
| North Reef Capital Management LP added | 1,350,000 | $98M | 2.4% | 2026-Q2 |
| WESTWOOD HOLDINGS GROUP INC added | 1,237,090 | $89M | 2.2% | 2026-Q2 |
| Stephens Investment Management Group LLC added | 1,148,867 | $83M | 2.0% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 1,083,098 | $83M | 2.0% | 2026-Q2 |
| Fisher Asset Management, LLC trimmed | 1,061,539 | $77M | 1.9% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 934,379 | $68M | 1.6% | 2026-Q2 |
| NORGES BANK added | 889,117 | $64M | 1.6% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 861,940 | $62M | 1.5% | 2026-Q2 |
| NORTHERN TRUST CORP added | 803,760 | $58M | 1.4% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 751,863 | $55M | 1.3% | 2026-Q2 |
| SYSTEMATIC FINANCIAL MANAGEMENT LP trimmed | 706,867 | $51M | 1.2% | 2026-Q2 |
| MORGAN STANLEY trimmed | 621,305 | $45M | 1.1% | 2026-Q2 |
| Nuveen, LLC trimmed | 613,110 | $44M | 1.1% | 2026-Q2 |
| Bank of New York Mellon Corp added | 573,217 | $41M | 1.0% | 2026-Q2 |
| VOYA INVESTMENT MANAGEMENT LLC trimmed | 547,144 | $40M | 1.0% | 2026-Q2 |
| MAIRS & POWER INC trimmed | 544,505 | $39M | 1.0% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 513,020 | $37M | 0.9% | 2026-Q2 |
| LOOMIS SAYLES & CO L P trimmed | 500,598 | $36M | 0.9% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 488,682 | $35M | 0.9% | 2026-Q2 |
| Jupiter Topco LLC new | 478,652 | $35M | 0.8% | 2026-Q2 |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 451,724 | $33M | 0.8% | 2026-Q2 |
| Boston Trust Walden Corp added | 437,008 | $32M | 0.8% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 399,189 | $29M | 0.7% | 2026-Q2 |
| Azora Capital LP added | 380,367 | $28M | 0.7% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 356,790 | $26M | 0.6% | 2026-Q2 |
| EMERALD ADVISERS, LLC trimmed | 350,159 | $25M | 0.6% | 2026-Q2 |
| KENNEDY CAPITAL MANAGEMENT LLC trimmed | 345,329 | $25M | 0.6% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 330,579 | $24M | 0.6% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 302,293 | $22M | 0.5% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 302,222 | $22M | 0.5% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 284,656 | $21M | 0.5% | 2026-Q2 |
| TimesSquare Capital Management, LLC trimmed | 264,791 | $19M | 0.5% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 259,078 | $19M | 0.5% | 2026-Q2 |
| Fiera Capital Corp trimmed | 255,778 | $19M | 0.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 234,806 | $17M | 0.4% | 2026-Q2 |
| Public Sector Pension Investment Board trimmed | 232,134 | $17M | 0.4% | 2026-Q2 |
| Creative Planning added | 231,297 | $17M | 0.4% | 2026-Q2 |
| EMERALD MUTUAL FUND ADVISERS TRUST | 225,192 | $16M | 0.4% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP added | 204,362 | $15M | 0.4% | 2026-Q2 |
| UBS Group AG trimmed | 196,957 | $14M | 0.3% | 2026-Q2 |
| BARCLAYS PLC trimmed | 191,197 | $14M | 0.3% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 190,115 | $14M | 0.3% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 186,993 | $14M | 0.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 176,777 | $13M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 172,290 | $12M | 0.3% | 2026-Q2 |
| Legal & General Group Plc added | 167,094 | $12M | 0.3% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 149,840 | $11M | 0.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 141,005 | $10M | 0.2% | 2026-Q2 |
| Swiss National Bank trimmed | 139,500 | $10M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 137,589 | $10M | 0.2% | 2026-Q2 |
| FMR LLC trimmed | 134,514 | $10M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 134,292 | $10M | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 132,465 | $10M | 0.2% | 2026-Q2 |
| WINTON GROUP Ltd added | 130,560 | $9M | 0.2% | 2026-Q2 |
| Interval Partners, LP trimmed | 128,354 | $9M | 0.2% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 123,963 | $9M | 0.2% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 119,644 | $9M | 0.2% | 2026-Q2 |
| OP Asset Management Ltd new | 115,629 | $8M | 0.2% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 115,478 | $8M | 0.2% | 2026-Q2 |
| Nicholas Investment Partners, LP added | 103,379 | $7M | 0.2% | 2026-Q2 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC added | 101,470 | $7M | 0.2% | 2026-Q2 |
| Cander Asset Management LP trimmed | 97,903 | $7M | 0.2% | 2026-Q2 |
| AXIOM INVESTORS LLC /DE trimmed | 95,230 | $7M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 93,982 | $7M | 0.2% | 2026-Q2 |
| TEACHER RETIREMENT SYSTEM OF TEXAS added | 89,743 | $6M | 0.2% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC trimmed | 89,040 | $6M | 0.2% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 88,410 | $6M | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 83,203 | $6M | 0.1% | 2026-Q2 |
| XTX Topco Ltd added | 80,751 | $6M | 0.1% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 77,634 | $6M | 0.1% | 2026-Q2 |
| CRAWFORD INVESTMENT COUNSEL INC added | 77,533 | $6M | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 76,224 | $6M | 0.1% | 2026-Q2 |
| Moody Aldrich Partners LLC trimmed | 72,085 | $5M | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 71,870 | $5M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 71,595 | $5M | 0.1% | 2026-Q2 |
| Man Group plc added | 71,588 | $5M | 0.1% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 70,119 | $5M | 0.1% | 2026-Q2 |
| EFG International AG trimmed | 67,385 | $5M | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 67,312 | $5M | 0.1% | 2026-Q2 |
| Ensign Peak Advisors, Inc added | 66,535 | $5M | 0.1% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP added | 66,087 | $5M | 0.1% | 2026-Q2 |
| Jump Financial, LLC new | 63,827 | $5M | 0.1% | 2026-Q2 |
| INTECH INVESTMENT MANAGEMENT LLC trimmed | 62,114 | $4M | 0.1% | 2026-Q2 |
| FRED ALGER MANAGEMENT, LLC trimmed | 60,717 | $4M | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 59,034 | $4M | 0.1% | 2026-Q2 |
| CI INVESTMENTS INC. added | 55,953 | $4M | 0.1% | 2026-Q2 |
| Orion Porfolio Solutions, LLC added | 54,143 | $4M | 0.1% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd added | 54,080 | $4M | 0.1% | 2026-Q2 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 53,383 | $4M | 0.1% | 2026-Q2 |
| KING LUTHER CAPITAL MANAGEMENT CORP trimmed | 53,131 | $4M | 0.1% | 2026-Q2 |
| Aquatic Capital Management LLC added | 49,252 | $4M | 0.1% | 2026-Q2 |
| ALGERT GLOBAL LLC added | 48,059 | $3M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.