Vault-13

PIPER SANDLER COMPANIES PJC

COM · Common Stock · CUSIP 724078100

241 institutional holders +6 vs Q2 2023
12,813,60012.8m shares reported held*
$1.9bnreported value*
22 new 68 added 79 reduced 22 sold out net bought ≈ $60.6m (+417.1k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($706.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $145.28. Options: 5 managers hold calls ($3.9m notional), 5 hold puts ($1.0m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 242Q4 22: 245Q1 23: 249Q2 23: 235Q3 23: 241241Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022242
Q4 2022245
Q1 2023249
Q2 2023235
Q3 2023241

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 106 bought or addedQ4 22: 96 cut or sold outQ4 22Q1 23: 106 bought or addedQ1 23: 111 cut or sold outQ1 23Q2 23: 95 bought or addedQ2 23: 113 cut or sold outQ2 23Q3 23: 90 bought or addedQ3 23: 101 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 202210696
Q1 2023106111
Q2 202395113
Q3 202390101

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2.5m$5m$7.5m$10mQ4 22 calls: $5.7mQ4 22 puts: $8.2mQ4 22P/C 1.44Q1 23 calls: $5.6mQ1 23 puts: $2.1mQ1 23P/C 0.38Q2 23 calls: $2.2mQ2 23 puts: $2.5mQ2 23P/C 1.12Q3 23 calls: $3.9mQ3 23 puts: $1.0mQ3 23P/C 0.26
Numbers
QuarterCallsPutsP/C
Q4 2022$5.7m$8.2m1.44
Q1 2023$5.6m$2.1m0.38
Q2 2023$2.2m$2.5m1.12
Q3 2023$3.9m$1.0m0.26

Biggest buyers

FRANKLIN RESOURCES INC New +311,804+311.8k
MILLENNIUM MANAGEMENT LLC Added +195,947+195.9k
North Reef Capital Management LP Added +144,369+144.4k
VOYA INVESTMENT MANAGEMENT LLC Added +92,987+93.0k
Beacon Pointe Advisors, LLC New +62,208+62.2k
STATE STREET CORP Added +32,176+32.2k
NEUBERGER BERMAN GROUP LLC Added +23,719+23.7k
JANUS HENDERSON GROUP PLC Added +19,327+19.3k
ENVESTNET ASSET MANAGEMENT INC Added +17,869+17.9k
GEODE CAPITAL MANAGEMENT, LLC Added +17,467+17.5k

Biggest sellers

AMERICAN CENTURY COMPANIES INC Reduced -94,963-95.0k
COMERICA BANK Reduced -43,682-43.7k
NORDEA INVESTMENT MANAGEMENT AB Sold out -43,060-43.1k
WESTWOOD HOLDINGS GROUP INC Reduced -39,567-39.6k
Nuveen Asset Management, LLC Reduced -38,442-38.4k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -36,700-36.7k
Balyasny Asset Management L.P. Sold out -35,918-35.9k
BlackRock Inc. Reduced -34,319-34.3k
Schonfeld Strategic Advisors LLC Sold out -32,235-32.2k
JPMORGAN CHASE & CO Reduced -25,500-25.5k

Biggest calls

SIMPLEX TRADING, LLC Added $1.3m8.7k shares
CITADEL ADVISORS LLC Added $1.1m7.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.1m7.6k shares
JANE STREET GROUP, LLC New $421.4k2.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $494.1k3.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $334.2k2.3k shares
GROUP ONE TRADING LLC Unchanged $188.9k1.3k shares
SIMPLEX TRADING, LLC New $14.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.01% of their portfolio New York, NY 2,387,5172.4m $346.9m $346.9m 0.01% Reduced -34.3k -34,319
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 1,935,2351.9m $281.2m $281.2m 0.01% Added +9.0k +9,030
3 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 628,135628.1k $91.3m $91.3m 0.01% Added +32.2k +32,176
4 LORD, ABBETT & CO. LLC 0.14% of their portfolio JERSEY CITY, NJ 518,172518.2k $75.3m $75.3m 0.14% Added +15.1k +15,096
5 WESTWOOD HOLDINGS GROUP INC 0.69% of their portfolio DALLAS, TX 507,802507.8k $73.8m $73.8m 0.69% Reduced -39.6k -39,567
6 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 500,489500.5k $72.7m $72.7m 0.02% Added +3.2k +3,225
7 Stephens Investment Management Group LLC 1.07% of their portfolio LITTLE ROCK, AR 447,772447.8k $65.1m $65.1m 1.07% Added +999 +999
8 GW&K Investment Management, LLC 0.60% of their portfolio BOSTON, MA 413,434413.4k $60.1m $60.1m 0.60% Reduced -15.5k -15,487
9 JANUS HENDERSON GROUP PLC 0.03% of their portfolio LONDON, X0 337,124337.1k $49.0m $49.0m 0.03% Added +19.3k +19,327
10 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 324,409324.4k $47.1m $47.1m 0.01% Added +17.5k +17,467
11 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 311,804311.8k $45.3m $45.3m 0.02% New
12 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 249,994250.0k $36.3m $36.3m 0.01% Reduced -38.4k -38,442
13 North Reef Capital Management LP 2.25% of their portfolio LAGUNA BEACH, CA 245,000245.0k $35.6m $35.6m 2.25% Added +144.4k +144,369
14 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 231,773231.8k $33.7m $33.7m 0.04% Added +195.9k +195,947
15 SYSTEMATIC FINANCIAL MANAGEMENT LP 1.07% of their portfolio TEANECK, NJ 229,352229.4k $33.3m $33.3m 1.07% Reduced -7.2k -7,156
16 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 225,550225.6k $32.8m $32.8m 0.01% Reduced -4.0k -4,015
17 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 185,057185.1k $26.9m $26.9m 0.01% Reduced -287 -287
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 180,658180.7k $26.3m $26.3m 0.01% Added +11.8k +11,847
19 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 177,509177.5k $25.8m $25.8m 0.01% Reduced -3.2k -3,161
20 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 160,723160.7k $23.4m $23.4m 0.01% Reduced -15.4k -15,435
21 FMR LLC 0.00% of their portfolio BOSTON, MA 153,040153.0k $22.2m $22.2m 0.00% Added +15.0k +14,977
22 NORGES BANK 0.00% of their portfolio OSLO, Q8 136,223136.2k $19.8m $19.8m 0.00% Reduced -8.3k -8,280
23 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 117,642117.6k $17.1m $17.1m 0.01% Reduced -5.4k -5,426
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 116,652116.7k $17.0m $17.0m 0.00% Added +2.7k +2,737
25 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 99,92199.9k $14.5m $14.5m 0.02% Added +93.0k +92,987
26 KENNEDY CAPITAL MANAGEMENT LLC 0.32% of their portfolio ST LOUIS, MO 90,45490.5k $13.1m $13.1m 0.32% Reduced -20.4k -20,390
27 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 86,24086.2k $12.5m $12.5m 0.01% Reduced -1.6k -1,592
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 79,21979.2k $11.5m $11.5m 0.00% Reduced -25.5k -25,500
29 Verition Fund Management LLC 0.14% of their portfolio GREENWICH, CT 70,63770.6k $10.3m $10.3m 0.14% Reduced -15.5k -15,513
30 Beacon Pointe Advisors, LLC 0.11% of their portfolio NEWPORT BEACH, CA 62,20862.2k $9.0m $9.0m 0.11% New
31 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 60,71260.7k $8.8m $8.8m 0.02% Added +615 +615
32 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 59,89559.9k $8.7m $8.7m 0.01% Reduced -19.8k -19,800
33 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 54,46654.5k $7.9m $7.9m 0.00% Added +17.9k +17,869
34 PRW Wealth Management LLC 2.71% of their portfolio QUINCY, MA 51,39851.4k $7.1m $7.1m 2.71% Unchanged
35 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 49,38649.4k $7.2m $7.2m 0.00% Reduced -4.1k -4,139
36 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 48,39748.4k $7.0m $7.0m 0.01% Reduced -1.6k -1,618
37 Legal & General Group Plc 0.00% of their portfolio London, X0 44,66844.7k $6.5m $6.5m 0.00% Reduced -499 -499
38 GREAT LAKES ADVISORS, LLC 0.06% of their portfolio CHICAGO, IL 41,79541.8k $6.1m $6.1m 0.06% Reduced -624 -624
39 MAIRS & POWER INC 0.07% of their portfolio St Paul, MN 39,60039.6k $5.8m $5.8m 0.07% Added +13.9k +13,902
40 Swiss National Bank 0.00% of their portfolio ZURICH, V8 39,00039.0k $5.7m $5.7m 0.00% Added +300 +300
41 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 31,83931.8k $4.6m $4.6m 0.01% Unchanged
42 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 29,22329.2k $4.2m $4.2m 0.00% Added +10.5k +10,533
43 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 28,44728.4k $4.1m $4.1m 0.01% Added +70 +70
44 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 28,19228.2k $4.1m $4.1m 0.00% Reduced -48 -48
45 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 28,15628.2k $4.1m $4.1m 0.00% Reduced -95.0k -94,963
46 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 26,77326.8k $3.9m $3.9m 0.01% Added +558 +558
47 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 26,35126.4k $3.8m $3.8m 0.00% Added +843 +843
48 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 26,14926.1k $3.8m $3.8m 0.00% Added +23.7k +23,719
49 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 25,28725.3k $3.7m $3.7m 0.02% Reduced -1.0k -1,025
50 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 23,39723.4k $3.4m $3.4m 0.00% Reduced -242 -242
51 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.08% of their portfolio HOUSTON, TX 22,10022.1k $3.2m $3.2m 0.08% Reduced -1.2k -1,200
52 Orion Porfolio Solutions, LLC 0.04% of their portfolio OMAHA, NE 21,17421.2k $3.1m $3.1m 0.04% Reduced -808 -808
53 Orion Portfolio Solutions, LLC 0.04% of their portfolio Omaha, NE 21,17421.2k $3.1m $3.1m 0.04% Reduced -808 -808
54 Edgestream Partners, L.P. 0.24% of their portfolio Princeton, NJ 20,76820.8k $3.0m $3.0m 0.24% Reduced -510 -510
55 Greenwich Wealth Management LLC 0.31% of their portfolio GREENWICH, CT 20,13220.1k $2.9m $2.9m 0.31% Unchanged
56 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 20,07420.1k $2.9m $2.9m 0.00% Reduced -21.9k -21,917
57 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 19,51419.5k $2.8m $2.8m 0.00% Reduced -1.9k -1,889
58 Public Sector Pension Investment Board 0.02% of their portfolio MONTREAL, A8 18,55818.6k $2.7m $2.7m 0.02% Reduced -7.6k -7,634
59 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 18,47218.5k $2.7m $2.7m 0.01% Added +11.4k +11,432
60 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 18,01518.0k $2.6m $2.6m 0.00% Reduced -2.3k -2,319
61 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 17,88117.9k $2.6m $2.6m 0.00% Reduced -662 -662
62 Knights of Columbus Asset Advisors LLC 0.22% of their portfolio NEW HAVEN, CT 16,74116.7k $2.4m $2.4m 0.22% Reduced -228 -228
63 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 16,59116.6k $2.4m $2.4m 0.01% Reduced -2.2k -2,219
64 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 16,54016.5k $2.4m $2.4m 0.01% Added +8.8k +8,826
65 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 15,30015.3k $2.2m $2.2m 0.01% Added +1.1k +1,067
66 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 14,37914.4k $2.1m $2.1m 0.00% Added +7.1k +7,106
67 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 14,11614.1k $2.1m $2.1m 0.01% Added +380 +380
68 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 13,92813.9k $2.0m $2.0m 0.00% Reduced -56 -56
69 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 13,73513.7k $2.0m $2.0m 0.00% Reduced -381 -381
70 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 13,31713.3k $1.9m $1.9m 0.00% Added +227 +227
71 TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio AUSTIN, TX 12,75212.8k $1.9m $1.9m 0.02% Reduced -241 -241
72 FJ Capital Management LLC 0.20% of their portfolio MCLEAN, VA 12,23812.2k $1.8m $1.8m 0.20% New
73 JAMES INVESTMENT RESEARCH, INC. 0.22% of their portfolio ALPHA, OH 11,24211.2k $1.6m $1.6m 0.22% Unchanged
74 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 10,41310.4k $1.5m $1.5m 0.00% Added +1.0k +1,000
75 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 10,33810.3k $1.5m $1.5m 0.00% Reduced -726 -726
76 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 10,03810.0k $1.5m $1.5m 0.01% Reduced -6.6k -6,642
77 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 10,00010.0k $1.5m $1.5m 0.01% Reduced -36.7k -36,700
78 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 9,5479.5k $1.4m $1.4m 0.00% Added +2.3k +2,322
79 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 9,4989.5k $1.4m $1.4m 0.00% Added +950 +950
80 NorthCrest Asset Manangement, LLC 0.06% of their portfolio PLYMOUTH, MN 9,4509.4k $1.4m $1.4m 0.06% Unchanged
81 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 9,4219.4k $1.4m $1.4m 0.00% Added +991 +991
82 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 9,4079.4k $1.4m $1.4m 0.01% Added +231 +231
83 State of Alaska, Department of Revenue 0.02% of their portfolio JUNEAU, AK 9,3489.3k $1.4m $1.4m 0.02% Reduced -361 -361
84 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 9,0549.1k $1.3m $1.3m 0.00% Reduced -4.4k -4,410
85 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 9,0329.0k $1.3m $1.3m 0.01% Unchanged
86 COMERICA BANK 0.01% of their portfolio DALLAS, TX 8,8028.8k $1.3m $1.3m 0.01% Reduced -43.7k -43,682
87 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 8,7828.8k $1.3m $1.3m 0.00% Added +1.8k +1,826
88 Illinois Municipal Retirement Fund 0.02% of their portfolio OAK BROOK, IL 8,7008.7k $1.3m $1.3m 0.02% New
89 TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio AUSTIN, TX 8,4298.4k $1.2m $1.2m 0.01% Reduced -1.7k -1,659
90 Coho Partners, Ltd. 0.02% of their portfolio BERWYN, PA 8,0638.1k $1.2m $1.2m 0.02% Reduced -750 -750
91 YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BLOOMFIELD HILLS, MI 7,9337.9k $1.2m $1.2m 0.01% Reduced -369 -369
92 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 7,8837.9k $1.1m $1.1m 0.00% Reduced -744 -744
93 OPPENHEIMER ASSET MANAGEMENT INC. 0.02% of their portfolio NEW YORK, NY 7,8667.9k $1.1m $1.1m 0.02% Reduced -106 -106
94 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 7,7757.8k $1.1m $1.1m 0.00% Added +70 +70
95 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 7,6427.6k $1.1m $1.1m 0.00% Added +705 +705
96 Louisiana State Employees Retirement System 0.03% of their portfolio BATON ROUGE, LA 7,6007.6k $1.1m $1.1m 0.03% Reduced -100 -100
97 Vestcor Inc 0.04% of their portfolio FREDERICTON, A3 7,2987.3k $1.1m $1.1m 0.04% Unchanged
98 NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio ST. LOUIS, MO 7,1167.1k $1.0m $1.0m 0.01% Reduced -400 -400
99 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 7,0817.1k $1.0m $1.0m 0.00% Added +4.5k +4,452
100 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 7,0007.0k $1.0m $1.0m 0.00% Reduced -200 -200