Vault-13

PIPER SANDLER COMPANIES PJC

COM · Common Stock · CUSIP 724078100

350 institutional holders +14 vs Q3 2024
14,246,52614.2m shares reported held*
$4.3bnreported value*
34 new 130 added 107 reduced 31 sold out net sold ≈ $68.2m (-227.4k 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 ($8.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $299.92. Options: 8 managers hold calls ($17.1m notional), 6 hold puts ($15.3m).

Trends to Q4 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: 312Q3 24: 336Q4 24: 350350Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022242
Q4 2022245
Q1 2023249
Q2 2023235
Q3 2023241
Q4 2023259
Q1 2024285
Q2 2024312
Q3 2024336
Q4 2024350

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 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 24Q3 24: 164 bought or addedQ3 24: 119 cut or sold outQ4 24: 164 bought or addedQ4 24: 138 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023106111
Q2 202395113
Q3 202390101
Q4 20239998
Q1 2024128103
Q2 2024156113
Q3 2024164119
Q4 2024164138

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ1 24 calls: $5.0mQ1 24 puts: $2.6mQ1 24P/C 0.51Q2 24 calls: $3.3mQ2 24 puts: $2.4mQ2 24P/C 0.73Q3 24 calls: $15.0mQ3 24 puts: $3.1mQ3 24P/C 0.21Q4 24 calls: $17.1mQ4 24 puts: $15.3mQ4 24P/C 0.90
Numbers
QuarterCallsPutsP/C
Q1 2024$5.0m$2.6m0.51
Q2 2024$3.3m$2.4m0.73
Q3 2024$15.0m$3.1m0.21
Q4 2024$17.1m$15.3m0.90

Biggest buyers

Invesco Ltd. Added +102,426+102.4k
CITADEL ADVISORS LLC Added +69,855+69.9k
BlackRock, Inc. Added +62,725+62.7k
VANGUARD GROUP INC Added +31,400+31.4k
Qube Research & Technologies Ltd New +27,689+27.7k
FRED ALGER MANAGEMENT, LLC Added +24,757+24.8k
MILLENNIUM MANAGEMENT LLC Added +23,860+23.9k
FIRST TRUST ADVISORS LP Added +23,287+23.3k
AXIOM INVESTORS LLC /DE Added +17,261+17.3k
NORTHERN TRUST CORP Added +17,120+17.1k

Biggest sellers

JPMORGAN CHASE & CO Reduced -330,771-330.8k
WESTWOOD HOLDINGS GROUP INC Reduced -73,291-73.3k
GW&K Investment Management, LLC Reduced -63,148-63.1k
LORD, ABBETT & CO. LLC Reduced -37,615-37.6k
North Reef Capital Management LP Reduced -36,562-36.6k
Nuveen Asset Management, LLC Reduced -36,258-36.3k
DIMENSIONAL FUND ADVISORS LP Reduced -28,252-28.3k
Philadelphia Financial Management of San Francisco, LLC Sold out -21,514-21.5k
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Reduced -20,308-20.3k
CIBC WORLD MARKET INC. Sold out -19,080-19.1k

Biggest calls

PEAK6 LLC First filing $7.5m25.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.0m20.1k shares
CITADEL ADVISORS LLC Reduced $2.0m6.7k shares
WOLVERINE TRADING, LLC Added $834.4k2.8k shares
D. E. Shaw & Co., Inc. New $389.9k1.3k shares
SIMPLEX TRADING, LLC Reduced $269.0k900 shares
Parallax Volatility Advisers, L.P. Reduced $30.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

MOORE CAPITAL MANAGEMENT, LP New $7.5m25.0k shares
Parallax Volatility Advisers, L.P. Added $3.5m11.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.4m11.4k shares
CITADEL ADVISORS LLC Added $659.9k2.2k shares
WOLVERINE TRADING, LLC Reduced $268.2k900 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, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.02% of their portfolio New York, NY 2,621,7662.6m $786.4m $786.4m 0.02% Added +62.7k +62,725
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 2,063,5902.1m $619.0m $619.0m 0.01% Added +31.4k +31,400
3 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 698,915698.9k $209.6m $209.6m 0.01% Added +16.5k +16,485
4 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 697,824697.8k $209.3m $209.3m 0.04% Added +102.4k +102,426
5 FMR LLC 0.01% of their portfolio BOSTON, MA 611,126611.1k $183.3m $183.3m 0.01% Reduced -13.9k -13,922
6 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 454,606454.6k $136.4m $136.4m 0.03% Reduced -28.3k -28,252
7 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 376,801376.8k $113.0m $113.0m 0.01% Reduced -785 -785
8 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 360,224360.2k $108.0m $108.0m 0.04% Added +8.1k +8,066
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 325,203325.2k $97.5m $97.5m 0.01% Reduced -330.8k -330,771
10 GW&K Investment Management, LLC 0.82% of their portfolio BOSTON, MA 320,863320.9k $96.2m $96.2m 0.82% Reduced -63.1k -63,148
11 WESTWOOD HOLDINGS GROUP INC 0.61% of their portfolio DALLAS, TX 264,640264.6k $79.4m $79.4m 0.61% Reduced -73.3k -73,291
12 LORD, ABBETT & CO. LLC 0.25% of their portfolio JERSEY CITY, NJ 261,978262.0k $78.6m $78.6m 0.25% Reduced -37.6k -37,615
13 MAIRS & POWER INC 0.70% of their portfolio St Paul, MN 241,622241.6k $72.5m $72.5m 0.70% Reduced -4.2k -4,206
14 NORGES BANK 0.01% of their portfolio OSLO, Q8 229,024229.0k $68.7m $68.7m 0.01% Reduced -16.1k -16,111
15 Stephens Investment Management Group LLC 0.86% of their portfolio LITTLE ROCK, AR 214,554214.6k $64.4m $64.4m 0.86% Added +7.0k +6,970
16 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 208,153208.2k $62.4m $62.4m 0.01% Added +7.5k +7,493
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 204,929204.9k $61.5m $61.5m 0.01% Reduced -297 -297
18 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 200,005200.0k $60.0m $60.0m 0.01% Added +17.1k +17,120
19 SYSTEMATIC FINANCIAL MANAGEMENT LP 1.53% of their portfolio TEANECK, NJ 199,842199.8k $59.9m $59.9m 1.53% Added +3.5k +3,500
20 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 194,560194.6k $58.4m $58.4m 0.02% Reduced -36.3k -36,258
21 LOOMIS SAYLES & CO L P 0.07% of their portfolio BOSTON, MA 188,475188.5k $56.5m $56.5m 0.07% Reduced -5.5k -5,508
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 176,621176.6k $53.0m $53.0m 0.00% Reduced -10.2k -10,168
23 Fisher Asset Management, LLC 0.02% of their portfolio PLANO, TX 155,909155.9k $46.8m $46.8m 0.02% Added +10.6k +10,588
24 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 155,759155.8k $46.7m $46.7m 0.01% Reduced -733 -733
25 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 126,266126.3k $37.9m $37.9m 0.04% Added +1.9k +1,908
26 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 100,088100.1k $30.0m $30.0m 0.02% Reduced -17.8k -17,845
27 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 98,79098.8k $29.6m $29.6m 0.03% Added +69.9k +69,855
28 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 93,63593.6k $28.1m $28.1m 0.02% Added +23.9k +23,860
29 North Reef Capital Management LP 1.15% of their portfolio LAGUNA BEACH, CA 85,34885.3k $25.6m $25.6m 1.15% Reduced -36.6k -36,562
30 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 77,50677.5k $23.2m $23.2m 0.01% Added +2.2k +2,199
31 FRED ALGER MANAGEMENT, LLC 0.11% of their portfolio NEW YORK, NY 76,35776.4k $22.9m $22.9m 0.11% Added +24.8k +24,757
32 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 62,66562.7k $18.8m $18.8m 0.01% Added +2.2k +2,160
33 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 59,34159.3k $17.8m $17.8m 0.01% Added +1.6k +1,566
34 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 58,64858.6k $17.6m $17.6m 0.00% Added +1.9k +1,867
35 AXIOM INVESTORS LLC /DE 0.12% of their portfolio GREENWICH, CT 55,77055.8k $16.7m $16.7m 0.12% Added +17.3k +17,261
36 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 51,88251.9k $15.6m $15.6m 0.02% Added +88 +88
37 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 48,58848.6k $14.6m $14.6m 0.02% Reduced -16.5k -16,502
38 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 47,14247.1k $14.1m $14.1m 0.01% Reduced -974 -974
39 Legal & General Group Plc 0.00% of their portfolio London, X0 46,24446.2k $13.9m $13.9m 0.00% Added +626 +626
40 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 44,14644.1k $13.2m $13.2m 0.00% Added +9.1k +9,141
41 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 43,99544.0k $13.2m $13.2m 0.02% Reduced -1.7k -1,700
42 KENNEDY CAPITAL MANAGEMENT LLC 0.29% of their portfolio ST LOUIS, MO 43,56643.6k $13.1m $13.1m 0.29% Reduced -17.6k -17,642
43 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio Paris, I0 40,20640.2k $12.1m $12.1m 0.03% Reduced -20.3k -20,308
44 Public Sector Pension Investment Board 0.05% of their portfolio MONTREAL, A8 39,55439.6k $11.9m $11.9m 0.05% Added +6.0k +5,954
45 Mesirow Institutional Investment Management, Inc. 0.84% of their portfolio CHICAGO, IL 36,35836.4k $10.9m $10.9m 0.84% Reduced -2.9k -2,906
46 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 35,85235.9k $10.8m $10.8m 0.01% Added +3.5k +3,524
47 GREAT LAKES ADVISORS, LLC 0.09% of their portfolio CHICAGO, IL 35,61835.6k $10.7m $10.7m 0.09% Reduced -1.7k -1,737
48 Swiss National Bank 0.01% of their portfolio ZURICH, V8 34,80034.8k $10.4m $10.4m 0.01% Added +200 +200
49 Nicholas Investment Partners, LP 0.87% of their portfolio RANCHO SANTA FE, CA 32,91632.9k $9.9m $9.9m 0.87% Added +1.0k +1,033
50 Beacon Pointe Advisors, LLC 0.10% of their portfolio NEWPORT BEACH, CA 30,52130.5k $9.2m $9.2m 0.10% Unchanged
51 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio ALBANY, NY 28,94928.9k $8.7m $8.7m 0.02% Reduced -1.1k -1,100
52 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 28,13028.1k $8.4m $8.4m 0.01% Reduced -16.1k -16,133
53 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 27,68927.7k $8.3m $8.3m 0.01% New
54 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 26,84126.8k $8.1m $8.1m 0.02% Added +130 +130
55 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 26,31526.3k $7.9m $7.9m 0.01% Added +23.3k +23,287
56 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 26,24726.2k $7.9m $7.9m 0.00% Reduced -11.8k -11,830
57 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 24,88424.9k $7.5m $7.5m 0.00% First filing
58 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 24,20324.2k $7.3m $7.3m 0.01% Added +1.0k +1,049
59 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 24,12024.1k $7.2m $7.2m 0.01% Added +2.6k +2,624
60 UBS Group AG 0.00% of their portfolio ZURICH, V8 23,94823.9k $7.2m $7.2m 0.00% Added +8.6k +8,568
61 Moody Aldrich Partners LLC 1.31% of their portfolio MARBLEHEAD, MA 23,51223.5k $7.1m $7.1m 1.31% Reduced -690 -690
62 Oliver Luxxe Assets LLC 0.60% of their portfolio GLADSTONE, NJ 23,04023.0k $6.7m $6.7m 0.60% Added +11.8k +11,838
63 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 21,90021.9k $6.6m $6.6m 0.01% Reduced -14.6k -14,646
64 TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio STAMFORD, CT 21,15421.2k $6.3m $6.3m 0.07% Added +12.1k +12,135
65 Parallax Volatility Advisers, L.P. 0.14% of their portfolio San Francisco, CA 21,04621.0k $6.3m $6.3m 0.14% Added +15.9k +15,939
66 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 20,58920.6k $6.2m $6.2m 0.00% Reduced -4.9k -4,864
67 KING LUTHER CAPITAL MANAGEMENT CORP 0.03% of their portfolio FORT WORTH, TX 20,39520.4k $6.1m $6.1m 0.03% Added +1.7k +1,717
68 Greenwich Wealth Management LLC 0.43% of their portfolio GREENWICH, CT 20,14920.1k $6.0m $6.0m 0.43% Added +17 +17
69 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 19,99220.0k $6.0m $6.0m 0.01% Added +1.3k +1,313
70 Global IMC LLC 1.08% of their portfolio SOLANA BEACH, CA 19,97920.0k $6.0m $6.0m 1.08% Added +12 +12
71 Edgestream Partners, L.P. 0.24% of their portfolio Princeton, NJ 18,60218.6k $5.6m $5.6m 0.24% Added +8.1k +8,068
72 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 17,52317.5k $5.3m $5.3m 0.01% Reduced -2.3k -2,315
73 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 16,52116.5k $5.0m $5.0m 0.01% Reduced -197 -197
74 Vident Advisory, LLC 0.08% of their portfolio Alpharetta, GA 15,76515.8k $4.7m $4.7m 0.08% Added +1.0k +1,040
75 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 15,51015.5k $4.7m $4.7m 0.00% Reduced -331 -331
76 Orion Porfolio Solutions, LLC 0.04% of their portfolio OMAHA, NE 14,87314.9k $4.5m $4.5m 0.04% Reduced -2.6k -2,588
77 Orion Portfolio Solutions, LLC 0.04% of their portfolio Omaha, NE 14,87314.9k $4.5m $4.5m 0.04% Reduced -2.6k -2,588
78 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 14,83714.8k $4.2m $4.2m 0.01% Reduced -1.2k -1,223
79 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 14,25114.3k $4.3m $4.3m 0.01% New
80 Informed Momentum Co LLC 0.58% of their portfolio SOLANA BEACH, CA 13,68313.7k $4.1m $4.1m 0.58% Reduced -6.4k -6,388
81 CRAWFORD INVESTMENT COUNSEL INC 0.07% of their portfolio ATLANTA, GA 12,76012.8k $3.8m $3.8m 0.07% Added +2.7k +2,748
82 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 12,63012.6k $3.8m $3.8m 0.00% Reduced -3.3k -3,259
83 Lisanti Capital Growth, LLC 0.91% of their portfolio NEW YORK, NY 12,57012.6k $3.8m $3.8m 0.91% New
84 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 12,25612.3k $3.7m $3.7m 0.01% Reduced -452 -452
85 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 11,83411.8k $3.5m $3.5m 0.00% Added +513 +513
86 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 11,79211.8k $3.5m $3.5m 0.01% Reduced -1.3k -1,271
87 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11,48311.5k $3.4m $3.4m 0.00% Added +2.6k +2,613
88 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 11,36811.4k $3.4m $3.4m 0.00% Added +2.1k +2,081
89 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 11,02811.0k $3.3m $3.3m 0.01% Added +2.0k +2,010
90 JAMES INVESTMENT RESEARCH, INC. 0.39% of their portfolio ALPHA, OH 10,97511.0k $3.3m $3.3m 0.39% Reduced -1 -1
91 ALGERT GLOBAL LLC 0.08% of their portfolio SAN FRANCISCO, CA 10,91610.9k $3.3m $3.3m 0.08% Added +1.6k +1,606
92 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 10,68110.7k $3.2m $3.2m 0.01% Added +427 +427
93 Mariner, LLC 0.01% of their portfolio Overland Park, KS 10,55110.6k $3.2m $3.2m 0.01% Added +5.3k +5,335
94 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 10,49310.5k $3.1m $3.1m 0.01% Reduced -1.9k -1,899
95 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 10,44710.4k $3.1m $3.1m 0.02% Added +588 +588
96 Knights of Columbus Asset Advisors LLC 0.21% of their portfolio NEW HAVEN, CT 10,36710.4k $3.1m $3.1m 0.21% Added +18 +18
97 MARTINGALE ASSET MANAGEMENT L P 0.08% of their portfolio BOSTON, MA 10,32010.3k $3.1m $3.1m 0.08% Reduced -359 -359
98 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 10,13510.1k $3.0m $3.0m 0.00% Unchanged
99 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio CAUSEWAY BAY, K3 9,8769.9k $3.0m $3.0m 0.01% Added +388 +388
100 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 9,8509.8k $3.0m $3.0m 0.00% Reduced -182 -182