Vault-13

PIPER SANDLER COMPANIES PJC

COM · Common Stock · CUSIP 724078100

18 institutional holders -399 vs Q4 2025
816,914816.9k shares reported held*
$60.0mreported value*
1 new 4 added 10 reduced 389 sold out net sold ≈ $3.9bn (-50.5m shares)

Q4 2025 share counts are adjusted for a 4-for-1 stock split, so holders aren't shown as buying or selling because of it.

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $73.44.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 242Q4 22: 245Q1 23: 249Q2 23: 235Q3 23: 241Q4 23: 259Q1 24: 285Q2 24: 312Q3 24: 336Q4 24: 350Q1 25: 359Q2 25: 357Q3 25: 381Q4 25: 417Q1 26: 1818Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022242
Q4 2022245
Q1 2023249
Q2 2023235
Q3 2023241
Q4 2023259
Q1 2024285
Q2 2024312
Q3 2024336
Q4 2024350
Q1 2025359
Q2 2025357
Q3 2025381
Q4 2025417
Q1 202618

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 24: 156 bought or addedQ2 24: 113 cut or sold outQ3 24: 164 bought or addedQ3 24: 119 cut or sold outQ3 24Q4 24: 164 bought or addedQ4 24: 138 cut or sold outQ1 25: 184 bought or addedQ1 25: 142 cut or sold outQ1 25Q2 25: 171 bought or addedQ2 25: 164 cut or sold outQ3 25: 202 bought or addedQ3 25: 127 cut or sold outQ3 25Q4 25: 190 bought or addedQ4 25: 157 cut or sold outQ1 26: 5 bought or addedQ1 26: 399 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024156113
Q3 2024164119
Q4 2024164138
Q1 2025184142
Q2 2025171164
Q3 2025202127
Q4 2025190157
Q1 20265399

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ2 25 calls: $8.7mQ2 25 puts: $4.0mQ2 25P/C 0.45Q3 25 calls: $17.0mQ3 25 puts: $6.1mQ3 25P/C 0.36Q4 25 calls: $19.3mQ4 25 puts: $8.0mQ4 25P/C 0.41Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —
Numbers
QuarterCallsPutsP/C
Q2 2025$8.7m$4.0m0.45
Q3 2025$17.0m$6.1m0.36
Q4 2025$19.3m$8.0m0.41
Q1 2026$0$0—

Biggest buyers

Corient Private Wealth LP Added +21,134+21.1k
Y-Intercept (Hong Kong) Ltd New +20,051+20.1k
Oliver Luxxe Assets LLC Added +3,425+3.4k
Parcion Private Wealth LLC Added +104+104
SIGNATUREFD, LLC Added +76+76

Biggest sellers

BlackRock, Inc. Sold out -10,245,920-10.2m
Invesco Ltd. Sold out -2,867,316-2.9m
STATE STREET CORP Sold out -2,735,684-2.7m
GEODE CAPITAL MANAGEMENT, LLC Sold out -1,583,504-1.6m
FMR LLC Sold out -1,409,644-1.4m
DIMENSIONAL FUND ADVISORS LP Sold out -1,367,220-1.4m
ALLIANCEBERNSTEIN L.P. Sold out -1,276,964-1.3m
CITADEL ADVISORS LLC Sold out -1,187,080-1.2m
GW&K Investment Management, LLC Sold out -1,185,368-1.2m
JPMORGAN CHASE & CO Sold out -1,178,496-1.2m

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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Greenwich Wealth Management LLC 1.30% of their portfolio GREENWICH, CT 416,769416.8k $31.9m $31.9m 1.30% Reduced -31 -31
2 AXIOM INVESTORS LLC /DE 0.12% of their portfolio GREENWICH, CT 136,708136.7k $10.5m $10.5m 0.12% Reduced -73.5k -73,480
3 KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio FORT WORTH, TX 68,92068.9k $5.3m $5.3m 0.02% Reduced -10.5k -10,456
4 Oliver Luxxe Assets LLC 0.49% of their portfolio GLADSTONE, NJ 43,07743.1k $3.3m $3.3m 0.49% Added +3.4k +3,425
5 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 37,53437.5k $289.0k $289.0k 0.00% Reduced -6.0k -5,974
6 NorthCrest Asset Manangement, LLC 0.08% of their portfolio PLYMOUTH, MN 33,82033.8k $2.6m $2.6m 0.08% Reduced -80 -80
7 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 30,75030.8k $2.4m $2.4m 0.00% Added +21.1k +21,134
8 Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio HONG KONG, K3 20,05120.1k $1.5m $1.5m 0.03% New
9 Truepoint, Inc. 0.01% of their portfolio CINCINNATI, OH 7,7767.8k $595.3k $595.3k 0.01% Unchanged
10 SCHULHOFF & CO INC 0.20% of their portfolio CINCINNATI, OH 6,4326.4k $492.4k $492.4k 0.20% Unchanged
11 Parcion Private Wealth LLC 0.03% of their portfolio BELLEVUE, WA 5,5925.6k $428.1k $428.1k 0.03% Added +104 +104
12 Ethic Inc. 0.01% of their portfolio NEW YORK, NY 4,5704.6k $349.9k $349.9k 0.01% Reduced -510 -510
13 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 1,8441.8k $141.2k $141.2k 0.00% Added +76 +76
14 Investors Research Corp 0.02% of their portfolio ATLANTA, GA 1,4001.4k $107.2k $107.2k 0.02% Reduced -1.4k -1,400
15 Harvest Fund Management Co., Ltd 0.00% of their portfolio BEIJING, F4 912912 $70.0k $70.0k 0.00% Unchanged
16 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 452452 $34.6k $34.6k 0.00% Reduced -4 -4
17 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 306306 $23.4k $23.4k 0.00% Reduced -914 -914
18 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $299 $299 0.00% Reduced -11 -11