PIPER SANDLER & CO.
Long book
$545K
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
+13.1%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsPIPER SANDLER & CO. is a diversified fundamental manager, running a $545K US long book across 2 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ZEO ENERGY CORP, SHATTUCK LABS INC.
Over the last 9 quarters its long book ran on average 14.7pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-37.7%
Q2 2024
-8.4%
Q3 2024
-42.2%
Q4 2024
-10.4%
Q1 2025
-1.2%
Q2 2025
+31.6%
Q3 2025
-9.9%
Q4 2025
-27.2%
Q1 2026
+13.1%
Sector allocation
Industrials 53%
Healthcare 47%
Long book by quarter
What does PIPER SANDLER own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 21 | $102.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 25 | $141.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 24 | $139.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 20 | $129.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 29 | $132.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 28 | $131.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 37 | $148.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 17 | $127.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 23 | $145.3M | canonical | SEC ↗ |
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