Security record · archived quarter
PIPR
Piper Sandler Companies · Financial Services · Investment - Banking & Investment Services
113Tracked holders
+3Δ holders
11.90MShares held
$4.04BReported value
+4New positions
−0Exits
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
Ownership over time
| 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 | — | — |
Who holds it · Q4 2025
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 2 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 3 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 4 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 5 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 6 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 7 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 8 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 9 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 10 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 11 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 12 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 13 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 14 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 15 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 16 | BlackRock ✦ (passive) | 2.56M | +2.3% | $870.16M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 17 | The Vanguard Group ✦ (passive) | 2.13M | +0.8% | $722.95M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 18 | The Vanguard Group ✦ (passive) | 2.13M | +0.8% | $722.95M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 19 | The Vanguard Group ✦ (passive) | 2.13M | +0.8% | $722.95M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 20 | The Vanguard Group ✦ (passive) | 2.13M | +0.8% | $722.95M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 21 | The Vanguard Group ✦ (passive) | 2.13M | +0.8% | $722.95M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 22 | Invesco Ltd. | 716.83K | — | $243.51M | 0.0% | n/c | 1 | SEC ↗ |
| 23 | Invesco Ltd. | 716.83K | — | $243.51M | 0.0% | n/c | 1 | SEC ↗ |
| 24 | Invesco Ltd. | 716.83K | — | $243.51M | 0.0% | n/c | 1 | SEC ↗ |
| 25 | Invesco Ltd. | 716.83K | — | $243.51M | 0.0% | n/c | 1 | SEC ↗ |
| 26 | Invesco Ltd. | 716.83K | — | $243.51M | 0.0% | n/c | 1 | SEC ↗ |
| 27 | Invesco Ltd. | 716.83K | — | $243.51M | 0.0% | n/c | 1 | SEC ↗ |
| 28 | Invesco Ltd. | 716.83K | — | $243.51M | 0.0% | n/c | 1 | SEC ↗ |
| 29 | Invesco Ltd. | 716.83K | — | $243.51M | 0.0% | n/c | 1 | SEC ↗ |
| 30 | Invesco Ltd. | 716.83K | — | $243.51M | 0.0% | n/c | 1 | SEC ↗ |
| 31 | Invesco Ltd. | 716.83K | — | $243.51M | 0.0% | n/c | 1 | SEC ↗ |
| 32 | State Street Global Advisors ✦ (passive) | 683.92K | -0.1% | $232.33M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 33 | Geode Capital Management ✦ (passive) | 395.88K | -0.1% | $134.50M | 0.0% | ▼ Trim | 7 | SEC ↗ |
| 34 | Geode Capital Management ✦ (passive) | 395.88K | -0.1% | $134.50M | 0.0% | ▼ Trim | 7 | SEC ↗ |
| 35 | Fidelity (FMR) ✦ | 352.41K | -35.0% | $119.72M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 36 | Fidelity (FMR) ✦ | 352.41K | -35.0% | $119.72M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 37 | Fidelity (FMR) ✦ | 352.41K | -35.0% | $119.72M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 38 | Fidelity (FMR) ✦ | 352.41K | -35.0% | $119.72M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 39 | Dimensional Fund Advisors Lp | 341.81K | — | $116.12M | 0.0% | n/c | 1 | SEC ↗ |
| 40 | Dimensional Fund Advisors Lp | 341.81K | — | $116.12M | 0.0% | n/c | 1 | SEC ↗ |
| 41 | Dimensional Fund Advisors Lp | 341.81K | — | $116.12M | 0.0% | n/c | 1 | SEC ↗ |
| 42 | Dimensional Fund Advisors Lp | 341.81K | — | $116.12M | 0.0% | n/c | 1 | SEC ↗ |
| 43 | Dimensional Fund Advisors Lp | 341.81K | — | $116.12M | 0.0% | n/c | 1 | SEC ↗ |
| 44 | Alliancebernstein L.P. | 319.24K | — | $108.45M | 0.0% | n/c | 1 | SEC ↗ |
| 45 | Citadel Advisors ✦ | 296.77K | +86.9% | $100.82M | 0.1% | ▲ Add | 7 | SEC ↗ |
| 46 | Citadel Advisors ✦ | 296.77K | +86.9% | $100.82M | 0.1% | ▲ Add | 7 | SEC ↗ |
| 47 | JPMorgan Chase ✦ | 294.62K | -46.8% | $100.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 48 | JPMorgan Chase ✦ | 294.62K | -46.8% | $100.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 49 | JPMorgan Chase ✦ | 294.62K | -46.8% | $100.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 50 | JPMorgan Chase ✦ | 294.62K | -46.8% | $100.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 51 | JPMorgan Chase ✦ | 294.62K | -46.8% | $100.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 52 | JPMorgan Chase ✦ | 294.62K | -46.8% | $100.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 53 | Goldman Sachs Group ✦ | 291.98K | -9.3% | $99.19M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 54 | Goldman Sachs Group ✦ | 291.98K | -9.3% | $99.19M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 55 | Goldman Sachs Group ✦ | 291.98K | -9.3% | $99.19M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 56 | Goldman Sachs Group ✦ | 291.98K | -9.3% | $99.19M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 57 | Goldman Sachs Group ✦ | 291.98K | -9.3% | $99.19M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 58 | Norges Bank ✦ (passive) | 233.25K | New | $79.24M | 0.0% | New | 1 | SEC ↗ |
| 59 | Charles Schwab Investment… | 209.81K | — | $71.27M | 0.0% | n/c | 1 | SEC ↗ |
| 60 | Morgan Stanley ✦ | 204.61K | +17.1% | $69.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 61 | Morgan Stanley ✦ | 204.61K | +17.1% | $69.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 62 | Morgan Stanley ✦ | 204.61K | +17.1% | $69.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 63 | Morgan Stanley ✦ | 204.61K | +17.1% | $69.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 64 | Morgan Stanley ✦ | 204.61K | +17.1% | $69.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 65 | Morgan Stanley ✦ | 204.61K | +17.1% | $69.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 66 | Morgan Stanley ✦ | 204.61K | +17.1% | $69.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 67 | Morgan Stanley ✦ | 204.61K | +17.1% | $69.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 68 | Morgan Stanley ✦ | 204.61K | +17.1% | $69.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 69 | Morgan Stanley ✦ | 204.61K | +17.1% | $69.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 70 | American Century Companies Inc | 201.37K | — | $68.41M | 0.0% | n/c | 1 | SEC ↗ |
| 71 | Northern Trust Corp | 184.35K | — | $62.63M | 0.0% | n/c | 1 | SEC ↗ |
| 72 | Northern Trust Corp | 184.35K | — | $62.63M | 0.0% | n/c | 1 | SEC ↗ |
| 73 | Northern Trust Corp | 184.35K | — | $62.63M | 0.0% | n/c | 1 | SEC ↗ |
| 74 | Northern Trust Corp | 184.35K | — | $62.63M | 0.0% | n/c | 1 | SEC ↗ |
| 75 | Northern Trust Corp | 184.35K | — | $62.63M | 0.0% | n/c | 1 | SEC ↗ |
| 76 | Northern Trust Corp | 184.35K | — | $62.63M | 0.0% | n/c | 1 | SEC ↗ |
| 77 | Northern Trust Corp | 184.35K | — | $62.63M | 0.0% | n/c | 1 | SEC ↗ |
| 78 | Nuveen, LLC | 170.24K | — | $57.83M | 0.0% | n/c | 1 | SEC ↗ |
| 79 | Nuveen, LLC | 170.24K | — | $57.83M | 0.0% | n/c | 1 | SEC ↗ |
| 80 | Nuveen, LLC | 170.24K | — | $57.83M | 0.0% | n/c | 1 | SEC ↗ |
| 81 | Fisher Asset Management ✦ | 160.62K | -2.9% | $54.56M | 0.0% | ▼ Trim | 7 | SEC ↗ |
| 82 | Loomis Sayles & Co L P | 145.28K | — | $49.35M | 0.1% | n/c | 1 | SEC ↗ |
| 83 | Loomis Sayles & Co L P | 145.28K | — | $49.35M | 0.1% | n/c | 1 | SEC ↗ |
| 84 | Bank of New York Mellon Corp | 143.68K | — | $48.81M | 0.0% | n/c | 1 | SEC ↗ |
| 85 | Bank of New York Mellon Corp | 143.68K | — | $48.81M | 0.0% | n/c | 1 | SEC ↗ |
| 86 | Bank of New York Mellon Corp | 143.68K | — | $48.81M | 0.0% | n/c | 1 | SEC ↗ |
| 87 | Bank of New York Mellon Corp | 143.68K | — | $48.81M | 0.0% | n/c | 1 | SEC ↗ |
| 88 | Bank of New York Mellon Corp | 143.68K | — | $48.81M | 0.0% | n/c | 1 | SEC ↗ |
| 89 | Bank of New York Mellon Corp | 143.68K | — | $48.81M | 0.0% | n/c | 1 | SEC ↗ |
| 90 | Bank of New York Mellon Corp | 143.68K | — | $48.81M | 0.0% | n/c | 1 | SEC ↗ |
| 91 | Bank of New York Mellon Corp | 143.68K | — | $48.81M | 0.0% | n/c | 1 | SEC ↗ |
| 92 | Bank of New York Mellon Corp | 143.68K | — | $48.81M | 0.0% | n/c | 1 | SEC ↗ |
| 93 | Bank of New York Mellon Corp | 143.68K | — | $48.81M | 0.0% | n/c | 1 | SEC ↗ |
| 94 | Voya Investment Management Llc | 132.15K | — | $44.89M | 0.0% | n/c | 1 | SEC ↗ |
| 95 | Voya Investment Management Llc | 132.15K | — | $44.89M | 0.0% | n/c | 1 | SEC ↗ |
| 96 | Voya Investment Management Llc | 132.15K | — | $44.89M | 0.0% | n/c | 1 | SEC ↗ |
| 97 | Franklin Resources Inc | 120.12K | — | $40.81M | 0.0% | n/c | 1 | SEC ↗ |
| 98 | Franklin Resources Inc | 120.12K | — | $40.81M | 0.0% | n/c | 1 | SEC ↗ |
| 99 | Franklin Resources Inc | 120.12K | — | $40.81M | 0.0% | n/c | 1 | SEC ↗ |
| 100 | Franklin Resources Inc | 120.12K | — | $40.81M | 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% |
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.
Frequently co-owned
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Provenance: Ownership from parsed 13F common-stock positions (tracked universe, comparable sets for changes); insider rows from Forms 3/4/5; stakes from Schedules 13D/13G; every filing links to its original on SEC EDGAR.
Reporting period: Q4 2025 ·
Methodology ·
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