PIPR
Piper Sandler Companies · Financial Services · Investment - Banking & Investment Services
Momentum inputs (comparable managers):
holder breadth -15.4% ·
share flow +5.0% ·
net new positions -18.2%
— formula
Concentrated accumulation — rising shares among fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 114 | +4 | 42.02M | $3.04B | +9 | −4 |
| Q1 2026 | 111 | -2 | 40.89M | $3.13B | +6 | −9 |
| Q4 2025 | 113 | +3 | 11.90M | $4.04B | +4 | — |
| Q3 2025 | 14 | -2 | 7.77M | $2.70B | +1 | −4 |
| Q2 2025 | 14 | +1 | 7.22M | $2.01B | +2 | −1 |
| Q1 2025 | 10 | -1 | 1.64M | $405.76M | +1 | −2 |
| Q4 2024 | 11 | -2 | 1.72M | $517.05M | — | −2 |
| Q3 2024 | 12 | 0 | 941.98K | $267.36M | +2 | −2 |
| Q2 2024 | 12 | — | 820.96K | $188.98M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | State Street Global Advisors ✦ (passive) | 698.91K | — | $209.64M | 0.0% | n/c | 1 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 376.80K | -0.2% | $113.05M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 3 | Geode Capital Management ✦ (passive) | 376.80K | -0.2% | $113.05M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 4 | Norges Bank ✦ (passive) | 229.02K | -6.6% | $68.70M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 5 | Fisher Asset Management ✦ | 155.91K | +7.3% | $46.76M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 6 | Citadel Advisors ✦ | 98.79K | +241.4% | $29.63M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 7 | Millennium Management ✦ | 93.64K | +34.2% | $28.09M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 8 | Renaissance Technologies ✦ | 43.99K | -3.7% | $13.20M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 9 | T. Rowe Price ✦ | 11.83K | +4.5% | $3.55M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 10 | T. Rowe Price ✦ | 11.83K | +4.5% | $3.55M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 11 | Arrowstreet Capital ✦ | 8.89K | +8.3% | $2.67M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 12 | AQR Capital Management ✦ | 4.62K | +50.0% | $1.38M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 13 | AQR Capital Management ✦ | 4.62K | +50.0% | $1.38M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 14 | D. E. Shaw & Co. ✦ | 1.30K | +34.3% | $389,935 | 0.0% | ▲ Add | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Bridgewater Associates | $1.43M | was 0.0% |
| Marshall Wace | $260,254 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 371 holders, 58.18M shares, $4.30B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.