Vault-13

PIPER SANDLER COMPANIES PJC

COM · Common Stock · CUSIP 724078100

312 institutional holders +27 vs Q1 2024
14,331,81214.3m shares reported held*
$3.3bnreported value*
54 new 102 added 87 reduced 26 sold out net bought ≈ $80.3m (+306.5k 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 ($3.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $230.17. Options: 4 managers hold calls ($3.3m notional), 4 hold puts ($2.4m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 242Q4 22: 245Q1 23: 249Q2 23: 235Q3 23: 241Q4 23: 259Q1 24: 285Q2 24: 312312Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022242
Q4 2022245
Q1 2023249
Q2 2023235
Q3 2023241
Q4 2023259
Q1 2024285
Q2 2024312

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 outQ2 23: 95 bought or addedQ2 23: 113 cut or sold outQ2 23Q3 23: 90 bought or addedQ3 23: 101 cut or sold outQ4 23: 99 bought or addedQ4 23: 98 cut or sold outQ4 23Q1 24: 128 bought or addedQ1 24: 103 cut or sold outQ2 24: 156 bought or addedQ2 24: 113 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 202210696
Q1 2023106111
Q2 202395113
Q3 202390101
Q4 20239998
Q1 2024128103
Q2 2024156113

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 23 calls: $3.9mQ3 23 puts: $1.0mQ3 23P/C 0.26Q4 23 calls: $3.4mQ4 23 puts: $716.5kQ4 23P/C 0.21Q1 24 calls: $5.0mQ1 24 puts: $2.6mQ1 24P/C 0.51Q2 24 calls: $3.3mQ2 24 puts: $2.4mQ2 24P/C 0.73
Numbers
QuarterCallsPutsP/C
Q3 2023$3.9m$1.0m0.26
Q4 2023$3.4m$716.5k0.21
Q1 2024$5.0m$2.6m0.51
Q2 2024$3.3m$2.4m0.73

Biggest buyers

JPMORGAN CHASE & CO Added +266,342+266.3k
FMR LLC Added +209,233+209.2k
Balyasny Asset Management L.P. Added +64,349+64.3k
LORD, ABBETT & CO. LLC Added +51,646+51.6k
Mesirow Institutional Investment Management, Inc. New +44,048+44.0k
Fisher Asset Management, LLC Added +41,474+41.5k
BlackRock Inc. Added +32,073+32.1k
MILLENNIUM MANAGEMENT LLC Added +30,942+30.9k
Nuveen Asset Management, LLC Added +27,686+27.7k
Nicholas Investment Partners, LP New +25,852+25.9k

Biggest sellers

MORGAN STANLEY Reduced -312,783-312.8k
WESTWOOD HOLDINGS GROUP INC Reduced -56,230-56.2k
SageView Advisory Group, LLC Sold out -55,269-55.3k
Stephens Investment Management Group LLC Reduced -53,675-53.7k
FRANKLIN RESOURCES INC Reduced -38,914-38.9k
CITADEL ADVISORS LLC Reduced -37,988-38.0k
Qube Research & Technologies Ltd Reduced -32,141-32.1k
SYSTEMATIC FINANCIAL MANAGEMENT LP Reduced -26,770-26.8k
JANUS HENDERSON GROUP PLC Reduced -25,747-25.7k
Beacon Pointe Advisors, LLC Reduced -19,999-20.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.6m11.2k shares
CITADEL ADVISORS LLC Reduced $690.5k3.0k shares
SIMPLEX TRADING, LLC Reduced $46.0k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.4m6.0k shares
CITADEL ADVISORS LLC Added $575.4k2.5k shares
SIMPLEX TRADING, LLC Reduced $460.0k2.0k 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, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.01% of their portfolio New York, NY 2,533,4732.5m $583.1m $583.1m 0.01% Added +32.1k +32,073
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 1,983,1402.0m $456.5m $456.5m 0.01% Added +11.9k +11,939
3 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 680,293680.3k $156.6m $156.6m 0.01% Added +13.2k +13,167
4 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 660,354660.4k $152.0m $152.0m 0.01% Added +266.3k +266,342
5 LORD, ABBETT & CO. LLC 0.24% of their portfolio JERSEY CITY, NJ 622,730622.7k $143.3m $143.3m 0.24% Added +51.6k +51,646
6 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 488,661488.7k $112.5m $112.5m 0.03% Reduced -8.7k -8,660
7 FMR LLC 0.01% of their portfolio BOSTON, MA 419,464419.5k $96.5m $96.5m 0.01% Added +209.2k +209,233
8 GW&K Investment Management, LLC 0.82% of their portfolio BOSTON, MA 388,962389.0k $89.5m $89.5m 0.82% Reduced -1.2k -1,233
9 WESTWOOD HOLDINGS GROUP INC 0.40% of their portfolio DALLAS, TX 373,475373.5k $86.0m $86.0m 0.40% Reduced -56.2k -56,230
10 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 370,242370.2k $85.2m $85.2m 0.01% Added +17.5k +17,487
11 Stephens Investment Management Group LLC 1.16% of their portfolio LITTLE ROCK, AR 358,801358.8k $82.6m $82.6m 1.16% Reduced -53.7k -53,675
12 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 281,012281.0k $64.7m $64.7m 0.02% Reduced -38.9k -38,914
13 JANUS HENDERSON GROUP PLC 0.03% of their portfolio LONDON, X0 274,772274.8k $63.2m $63.2m 0.03% Reduced -25.7k -25,747
14 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 271,890271.9k $62.6m $62.6m 0.02% Added +27.7k +27,686
15 MAIRS & POWER INC 0.58% of their portfolio St Paul, MN 262,302262.3k $60.4m $60.4m 0.58% Added +2.9k +2,947
16 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 236,962237.0k $54.5m $54.5m 0.01% Added +21.8k +21,779
17 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 231,930231.9k $53.4m $53.4m 0.01% Reduced -13.1k -13,051
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 202,537202.5k $46.6m $46.6m 0.01% Added +6.9k +6,857
19 SYSTEMATIC FINANCIAL MANAGEMENT LP 1.33% of their portfolio TEANECK, NJ 189,835189.8k $43.7m $43.7m 1.33% Reduced -26.8k -26,770
20 North Reef Capital Management LP 1.97% of their portfolio LAGUNA BEACH, CA 185,000185.0k $42.6m $42.6m 1.97% Added +6.0k +5,965
21 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 182,676182.7k $42.0m $42.0m 0.01% Added +2.1k +2,070
22 LOOMIS SAYLES & CO L P 0.06% of their portfolio BOSTON, MA 182,376182.4k $42.0m $42.0m 0.06% Reduced -7.3k -7,307
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 175,434175.4k $40.4m $40.4m 0.00% Reduced -312.8k -312,783
24 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 170,145170.1k $39.2m $39.2m 0.01% Added +9.4k +9,380
25 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 155,046155.0k $35.7m $35.7m 0.04% Added +3.8k +3,848
26 NORGES BANK 0.00% of their portfolio OSLO, Q8 142,354142.4k $32.8m $32.8m 0.00% Added +864 +864
27 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 133,357133.4k $30.7m $30.7m 0.01% Added +41.5k +41,474
28 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 77,80477.8k $17.9m $17.9m 0.01% Added +30.9k +30,942
29 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 77,71077.7k $17.9m $17.9m 0.01% Reduced -1.9k -1,898
30 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 71,05571.1k $16.4m $16.4m 0.01% Added +24.4k +24,437
31 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 68,29368.3k $15.7m $15.7m 0.04% Added +64.3k +64,349
32 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 60,02460.0k $13.8m $13.8m 0.00% Added +9.1k +9,071
33 KENNEDY CAPITAL MANAGEMENT LLC 0.29% of their portfolio ST LOUIS, MO 58,78058.8k $13.5m $13.5m 0.29% Added +2.8k +2,804
34 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 57,09057.1k $13.1m $13.1m 0.00% Added +2.5k +2,510
35 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio Paris, I0 56,83756.8k $13.1m $13.1m 0.03% Added +1.5k +1,491
36 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 52,63552.6k $12.1m $12.1m 0.02% Reduced -6.8k -6,823
37 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 48,91948.9k $11.3m $11.3m 0.01% Reduced -179 -179
38 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 48,70548.7k $11.2m $11.2m 0.02% Added +11.7k +11,677
39 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 46,69546.7k $10.7m $10.7m 0.02% Added +8.3k +8,300
40 Legal & General Group Plc 0.00% of their portfolio London, X0 45,23045.2k $10.4m $10.4m 0.00% Added +523 +523
41 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 44,67544.7k $10.3m $10.3m 0.01% Added +22.5k +22,471
42 Mesirow Institutional Investment Management, Inc. 0.89% of their portfolio CHICAGO, IL 44,04844.0k $10.1m $10.1m 0.89% New
43 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 39,21739.2k $9.0m $9.0m 0.00% Added +20.0k +20,046
44 GREAT LAKES ADVISORS, LLC 0.08% of their portfolio CHICAGO, IL 39,07239.1k $9.0m $9.0m 0.08% Reduced -1.8k -1,811
45 Swiss National Bank 0.01% of their portfolio ZURICH, V8 34,80034.8k $8.0m $8.0m 0.01% Reduced -200 -200
46 Public Sector Pension Investment Board 0.05% of their portfolio MONTREAL, A8 34,20034.2k $7.9m $7.9m 0.05% Added +3.0k +2,977
47 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio ALBANY, NY 32,14932.1k $7.4m $7.4m 0.02% Added +610 +610
48 Beacon Pointe Advisors, LLC 0.08% of their portfolio NEWPORT BEACH, CA 30,52130.5k $7.0m $7.0m 0.08% Reduced -20.0k -19,999
49 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 30,49030.5k $7.0m $7.0m 0.00% Added +9.1k +9,059
50 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 27,84127.8k $6.4m $6.4m 0.00% Reduced -742 -742
51 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 26,01126.0k $6.0m $6.0m 0.02% Reduced -2.3k -2,300
52 Nicholas Investment Partners, LP 0.62% of their portfolio RANCHO SANTA FE, CA 25,85225.9k $6.0m $6.0m 0.62% New
53 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 24,63324.6k $5.7m $5.7m 0.00% Added +1.1k +1,143
54 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 22,96423.0k $5.3m $5.3m 0.01% Reduced -4.7k -4,728
55 Moody Aldrich Partners LLC 0.95% of their portfolio MARBLEHEAD, MA 21,07821.1k $4.9m $4.9m 0.95% New
56 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 21,04521.0k $4.8m $4.8m 0.00% Added +106 +106
57 Greenwich Wealth Management LLC 0.34% of their portfolio GREENWICH, CT 20,13220.1k $4.6m $4.6m 0.34% Unchanged
58 SG Americas Securities, LLC 0.03% of their portfolio NEW YORK, NY 20,08120.1k $4.6m $4.6m 0.03% Added +18.9k +18,883
59 Informed Momentum Co LLC 0.75% of their portfolio SOLANA BEACH, CA 20,03220.0k $4.6m $4.6m 0.75% New
60 KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio FORT WORTH, TX 18,41018.4k $4.2m $4.2m 0.02% Added +1.0k +1,040
61 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 18,35118.4k $4.2m $4.2m 0.01% Added +2.9k +2,881
62 ALGERT GLOBAL LLC 0.14% of their portfolio SAN FRANCISCO, CA 18,15018.1k $4.2m $4.2m 0.14% Added +3.0k +3,050
63 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 17,77317.8k $4.1m $4.1m 0.01% Added +3.7k +3,656
64 Orion Porfolio Solutions, LLC 0.04% of their portfolio OMAHA, NE 17,77117.8k $4.1m $4.1m 0.04% Reduced -876 -876
65 Orion Portfolio Solutions, LLC 0.04% of their portfolio Omaha, NE 17,77117.8k $4.1m $4.1m 0.04% Reduced -876 -876
66 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 17,22517.2k $4.0m $4.0m 0.00% Reduced -445 -445
67 Knights of Columbus Asset Advisors LLC 0.25% of their portfolio NEW HAVEN, CT 16,86216.9k $3.9m $3.9m 0.25% Added +186 +186
68 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 14,73514.7k $3.4m $3.4m 0.01% Reduced -4.2k -4,167
69 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 14,52214.5k $3.3m $3.3m 0.00% Reduced -2.2k -2,227
70 Edgestream Partners, L.P. 0.16% of their portfolio Princeton, NJ 14,01814.0k $3.2m $3.2m 0.16% Reduced -15.4k -15,386
71 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 13,85313.9k $3.2m $3.2m 0.01% Reduced -1 -1
72 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 13,61213.6k $3.1m $3.1m 0.00% Reduced -4.0k -3,950
73 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 13,24113.2k $3.0m $3.0m 0.01% Reduced -1.4k -1,440
74 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 13,18813.2k $3.0m $3.0m 0.01% Added +2 +2
75 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 13,17613.2k $3.0m $3.0m 0.00% Added +5.6k +5,636
76 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 13,15913.2k $3.0m $3.0m 0.00% Reduced -9.5k -9,513
77 MARTINGALE ASSET MANAGEMENT L P 0.06% of their portfolio BOSTON, MA 12,66712.7k $2.9m $2.9m 0.06% Added +10.1k +10,054
78 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio Boston, MA 11,95312.0k $2.8m $2.8m 0.01% New
79 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 11,24011.2k $2.6m $2.6m 0.00% Added +4.0k +3,995
80 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 11,16811.2k $2.6m $2.6m 0.00% Added +417 +417
81 JAMES INVESTMENT RESEARCH, INC. 0.30% of their portfolio ALPHA, OH 10,97611.0k $2.5m $2.5m 0.30% Reduced -2 -2
82 TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio AUSTIN, TX 10,61610.6k $2.4m $2.4m 0.01% Reduced -10.3k -10,342
83 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 10,54910.5k $2.4m $2.4m 0.00% Reduced -32.1k -32,141
84 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 10,01110.0k $2.3m $2.3m 0.01% Added +1.2k +1,194
85 Corebridge Financial, Inc. 0.01% of their portfolio HOUSTON, TX 9,99410.0k $2.3m $2.3m 0.01% First filing
86 ExodusPoint Capital Management, LP 0.02% of their portfolio NEW YORK, NY 9,8109.8k $2.3m $2.3m 0.02% New
87 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 9,6849.7k $2.2m $2.2m 0.00% Added +308 +308
88 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 9,1929.2k $2.1m $2.1m 0.00% Reduced -38.0k -37,988
89 NorthCrest Asset Manangement, LLC 0.07% of their portfolio PLYMOUTH, MN 9,1509.2k $2.1m $2.1m 0.07% Unchanged
90 State of Alaska, Department of Revenue 0.02% of their portfolio JUNEAU, AK 9,1349.1k $2.1m $2.1m 0.02% Reduced -125 -125
91 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 8,9679.0k $2.1m $2.1m 0.01% Reduced -6.1k -6,141
92 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 8,7348.7k $2.0m $2.0m 0.00% Reduced -7.9k -7,867
93 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 8,7128.7k $2.0m $2.0m 0.00% New
94 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,6948.7k $2.0m $2.0m 0.00% Added +94 +94
95 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 8,5658.6k $2.0m $2.0m 0.00% First filing
96 Illinois Municipal Retirement Fund 0.03% of their portfolio OAK BROOK, IL 8,4688.5k $1.9m $1.9m 0.03% Reduced -15 -15
97 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 8,3608.4k $1.9m $1.9m 0.00% Reduced -1.1k -1,124
98 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio JUPITER, FL 8,1738.2k $1.9m $1.9m 0.01% Added +6.9k +6,854
99 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 7,9407.9k $1.8m $1.8m 0.00% Reduced -10.0k -10,042
100 Louisiana State Employees Retirement System 0.03% of their portfolio BATON ROUGE, LA 7,8007.8k $1.8m $1.8m 0.03% Added +300 +300