PIPR
Piper Sandler Companies · Financial Services · Investment - Banking & Investment Services
Momentum inputs (comparable managers):
holder breadth +2.7% ·
share flow -1.8% ·
net new positions +3.5%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2025
| 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 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ ×16 |
| 2 | The Vanguard Group ✦ (passive) | 2.13M | +0.8% | $722.95M | 0.0% | ▲ Add | 3 | SEC ↗ ×5 |
| 3 | Invesco Ltd. | 716.83K | — | $243.51M | 0.0% | n/c | 1 | SEC ↗ ×10 |
| 4 | State Street Global Advisors ✦ (passive) | 683.92K | -0.1% | $232.33M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 5 | Geode Capital Management ✦ (passive) | 395.88K | -0.1% | $134.50M | 0.0% | ▼ Trim | 7 | SEC ↗ ×2 |
| 6 | Fidelity (FMR) ✦ | 352.41K | -35.0% | $119.72M | 0.0% | ▼ Trim | 3 | SEC ↗ ×4 |
| 7 | Dimensional Fund Advisors Lp | 341.81K | — | $116.12M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 8 | Alliancebernstein L.P. | 319.24K | — | $108.45M | 0.0% | n/c | 1 | SEC ↗ |
| 9 | Citadel Advisors ✦ | 296.77K | +86.9% | $100.82M | 0.1% | ▲ Add | 7 | SEC ↗ ×2 |
| 10 | JPMorgan Chase ✦ | 294.62K | -46.8% | $100.09M | 0.0% | ▼ Trim | 2 | SEC ↗ ×6 |
| 11 | Goldman Sachs Group ✦ | 291.98K | -9.3% | $99.19M | 0.0% | ▼ Trim | 2 | SEC ↗ ×5 |
| 12 | Norges Bank ✦ (passive) | 233.25K | New | $79.24M | 0.0% | New | 1 | SEC ↗ |
| 13 | Charles Schwab Investment… | 209.81K | — | $71.27M | 0.0% | n/c | 1 | SEC ↗ |
| 14 | Morgan Stanley ✦ | 204.61K | +17.1% | $69.51M | 0.0% | ▲ Add | 2 | SEC ↗ ×10 |
| 15 | American Century Companies Inc | 201.37K | — | $68.41M | 0.0% | n/c | 1 | SEC ↗ |
| 16 | Northern Trust Corp | 184.35K | — | $62.63M | 0.0% | n/c | 1 | SEC ↗ ×7 |
| 17 | Nuveen, LLC | 170.24K | — | $57.83M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 18 | Fisher Asset Management ✦ | 160.62K | -2.9% | $54.56M | 0.0% | ▼ Trim | 7 | SEC ↗ |
| 19 | Loomis Sayles & Co L P | 145.28K | — | $49.35M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 20 | Bank of New York Mellon Corp | 143.68K | — | $48.81M | 0.0% | n/c | 1 | SEC ↗ ×10 |
| 21 | Voya Investment Management Llc | 132.15K | — | $44.89M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 22 | Franklin Resources Inc | 120.12K | — | $40.81M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 23 | Envestnet Asset Management Inc | 86.75K | — | $29.47M | 0.0% | n/c | 1 | SEC ↗ |
| 24 | Balyasny Asset Management L.P. | 82.05K | — | $27.87M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 25 | Wellington Management ✦ | 81.79K | -26.1% | $27.78M | 0.0% | ▼ Trim | 2 | SEC ↗ ×4 |
| 26 | Principal Financial Group Inc | 79.61K | — | $27.04M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 27 | Neuberger Berman Group LLC | 76.11K | — | $25.86M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 28 | Barclays Plc | 74.36K | — | $25.26M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 29 | Bank Of America Corp /De/ | 65.14K | — | $22.13M | 0.0% | n/c | 1 | SEC ↗ ×7 |
| 30 | Sei Investments Co | 60.78K | — | $20.65M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 31 | Ameriprise Financial Inc | 58.78K | — | $19.97M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 32 | Millennium Management ✦ | 56.05K | +99.4% | $19.04M | 0.0% | ▲ Add | 7 | SEC ↗ |
| 33 | Healthcare Of Ontario Pension Plan… | 52.14K | — | $17.71M | 0.0% | n/c | 1 | SEC ↗ |
| 34 | Janus Henderson Group Plc | 51.70K | — | $17.56M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 35 | Rhumbline Advisers | 46.90K | — | $15.93M | 0.0% | n/c | 1 | SEC ↗ |
| 36 | Legal & General Group Plc | 43.55K | — | $14.79M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 37 | Allspring Global Investments… | 37.01K | — | $12.95M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 38 | Swiss National Bank | 34.88K | — | $11.85M | 0.0% | n/c | 1 | SEC ↗ |
| 39 | UBS AM, a distinct business unit of… | 32.78K | — | $11.14M | 0.0% | n/c | 1 | SEC ↗ ×9 |
| 40 | Universal- Beteiligungs- und… | 32.53K | — | $11.05M | 0.0% | n/c | 1 | SEC ↗ |
| 41 | New York State Common Retirement… | 32.34K | — | $10.99M | 0.0% | n/c | 1 | SEC ↗ |
| 42 | Wells Fargo & Company/Mn | 31.21K | — | $10.60M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 43 | UBS Group AG | 30.28K | — | $10.29M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 44 | State Of Wisconsin Investment Board | 26.38K | — | $8.96M | 0.0% | n/c | 1 | SEC ↗ |
| 45 | Creative Planning | 26.38K | — | $8.96M | 0.0% | n/c | 1 | SEC ↗ |
| 46 | Prudential Financial Inc | 24.75K | — | $8.41M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 47 | Qube Research & Technologies Ltd | 24.38K | — | $8.28M | 0.0% | n/c | 1 | SEC ↗ |
| 48 | Raymond James Financial Inc | 24.01K | — | $8.16M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 49 | Royal Bank Of Canada | 22.89K | — | $7.78M | 0.0% | n/c | 1 | SEC ↗ ×8 |
| 50 | Cerity Partners LLC | 22.27K | — | $7.56M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 51 | California State Teachers… | 16.84K | — | $5.72M | 0.0% | n/c | 1 | SEC ↗ |
| 52 | T. Rowe Price ✦ | 16.13K | +3.9% | $5.48M | 0.0% | ▲ Add | 7 | SEC ↗ ×2 |
| 53 | Deutsche Bank Ag\ | 14.46K | — | $4.91M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 54 | Russell Investments Group, Ltd. | 13.70K | — | $4.65M | 0.0% | n/c | 1 | SEC ↗ ×8 |
| 55 | Bridgewater Associates ✦ | 12.06K | New | $4.10M | 0.0% | New | 1 | SEC ↗ |
| 56 | Wealth Enhancement Advisory… | 10.88K | — | $4.01M | 0.0% | n/c | 1 | SEC ↗ |
| 57 | Truist Financial Corp | 10.14K | — | $3.44M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 58 | Victory Capital Management Inc | 9.83K | — | $3.34M | 0.0% | n/c | 1 | SEC ↗ |
| 59 | LPL Financial LLC | 9.69K | — | $3.29M | 0.0% | n/c | 1 | SEC ↗ |
| 60 | Mml Investors Services, Llc | 9.47K | — | $3.22M | 0.0% | n/c | 1 | SEC ↗ |
| 61 | Manufacturers Life Insurance… | 8.65K | — | $2.94M | 0.0% | n/c | 1 | SEC ↗ |
| 62 | Stifel Financial Corp | 8.35K | — | $2.84M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 63 | MIRAE ASSET GLOBAL ETFS HOLDINGS… | 8.12K | — | $2.76M | 0.0% | n/c | 1 | SEC ↗ |
| 64 | AQR Capital Management ✦ | 7.03K | +0.8% | $2.39M | 0.0% | ▲ Add | 7 | SEC ↗ ×4 |
| 65 | D. E. Shaw & Co. ✦ | 6.92K | New | $2.35M | 0.0% | New | 1 | SEC ↗ |
| 66 | Us Bancorp \De\ | 6.63K | — | $2.25M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 67 | Credit Agricole S A | 6.40K | — | $2.17M | 0.0% | n/c | 1 | SEC ↗ |
| 68 | Lido Advisors, LLC | 6.08K | — | $2.11M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 69 | Hsbc Holdings Plc | 6.14K | — | $2.09M | 0.0% | n/c | 1 | SEC ↗ ×8 |
| 70 | First Trust Advisors Lp | 5.73K | — | $1.95M | 0.0% | n/c | 1 | SEC ↗ |
| 71 | Baird Financial Group, Inc. | 5.19K | — | $1.76M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 72 | Cetera Investment Advisers | 5.12K | — | $1.74M | 0.0% | n/c | 1 | SEC ↗ |
| 73 | Quantinno Capital Management LP | 5.09K | — | $1.73M | 0.0% | n/c | 1 | SEC ↗ |
| 74 | Mariner, LLC | 5.01K | — | $1.70M | 0.0% | n/c | 1 | SEC ↗ |
| 75 | State Board Of Administration Of… | 4.93K | — | $1.68M | 0.0% | n/c | 1 | SEC ↗ |
| 76 | Captrust Financial Advisors | 4.38K | — | $1.49M | 0.0% | n/c | 1 | SEC ↗ |
| 77 | Citigroup Inc | 4.32K | — | $1.47M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 78 | Osaic Holdings, Inc. | 4.32K | — | $1.47M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 79 | Bnp Paribas Financial Markets | 4.22K | — | $1.44M | 0.0% | n/c | 1 | SEC ↗ |
| 80 | Man Group plc | 3.71K | — | $1.26M | 0.0% | n/c | 1 | SEC ↗ |
| 81 | Zurcher Kantonalbank (Zurich… | 3.49K | — | $1.18M | 0.0% | n/c | 1 | SEC ↗ |
| 82 | ProShare Advisors LLC | 3.39K | — | $1.15M | 0.0% | n/c | 1 | SEC ↗ |
| 83 | Pnc Financial Services Group, Inc. | 3.32K | — | $1.13M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 84 | Pictet Asset Management Holding SA | 2.83K | — | $960,700 | 0.0% | n/c | 1 | SEC ↗ |
| 85 | Assetmark, Inc | 2.64K | — | $897,708 | 0.0% | n/c | 1 | SEC ↗ |
| 86 | Amundi | 2.63K | — | $893,098 | 0.0% | n/c | 1 | SEC ↗ |
| 87 | Corient Private Wealth LP | 2.40K | — | $816,768 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 88 | Mercer Global Advisors Inc /Adv | 14.84K | — | $792,566 | 0.0% | n/c | 1 | SEC ↗ |
| 89 | Commonwealth Equity Services, Llc | 2.17K | — | $737,570 | 0.0% | n/c | 1 | SEC ↗ |
| 90 | Tidal Investments LLC | 2.17K | — | $736,492 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 91 | HighTower Advisors, LLC | 1.77K | — | $600,283 | 0.0% | n/c | 1 | SEC ↗ |
| 92 | Bank Of Montreal /Can/ | 1.73K | — | $587,698 | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 93 | Mitsubishi UFJ Trust & Banking Corp | 1.41K | — | $479,331 | 0.0% | n/c | 1 | SEC ↗ |
| 94 | Ensign Peak Advisors, Inc | 1.18K | — | $401,877 | 0.0% | n/c | 1 | SEC ↗ |
| 95 | Mackenzie Financial Corp | 1.10K | — | $375,145 | 0.0% | n/c | 1 | SEC ↗ |
| 96 | CIBC Asset Management Inc | 1.07K | — | $363,829 | 0.0% | n/c | 1 | SEC ↗ |
| 97 | Jane Street Group, Llc | 1.02K | — | $345,145 | 0.0% | n/c | 1 | SEC ↗ |
| 98 | Focus Partners Wealth | 733 | — | $249,253 | 0.0% | n/c | 1 | SEC ↗ |
| 99 | Two Sigma Investments ✦ | 720 | New | $244,591 | 0.0% | New | 1 | SEC ↗ |
| 100 | Blair William & Co/Il | 657 | — | $223,189 | 0.0% | n/c | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Norges Bank | $79.24M | 0.0% |
| Bridgewater Associates | $4.10M | 0.0% |
| D. E. Shaw & Co. | $2.35M | 0.0% |
| Two Sigma Investments | $244,591 | 0.0% |
Exited
| No tracked exits this quarter. |
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.