PIPER SANDLER & CO.
13F Reported Value
ⓘ$102.0M
Holdings
20
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
PIPER SANDLER & CO. disclosed 20 positions worth $102.0M in its Form 13F-HR for Q1 2026, led by $PENN (PENN Entertainment, Inc.) at 18.6% of the equity portfolio, followed by $MGPI and $CBRL. During the quarter the fund opened 10 new positions and exited 15 and a full exit from $INN. The portfolio is most concentrated in Consumer Discretionary (33.5% of disclosed assets). All figures are sourced directly from PIPER SANDLER & CO.’s Form 13F-HR filing with the SEC under CIK 724683.
AI Fund Analysis
ConcentratingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 44.8#1,754
Quality
$19.0M19,267,000 sh - 28.7#2,430
Quality
$17.2M18,027,000 sh - 45.1#1,735
Quality
$15.1M15,420,000 sh AMERICAN WTR CAP CORP
—Quality
$11.7M11,830,000 sh- 51.7
Quality
$8.7M8,956,000 sh - —
Quality
$7.1M7,183,000 sh MARRIOTT VACATIONS WORLDWIDE
—Quality
$5.3M5,556,000 sh- 38.2
Quality
$4.7M4,932,000 sh - —
Quality
$4.0M3,963,000 sh - 51.3
Quality
$2.6M2,677,000 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 PENN Entertainment, Inc.$PENN | 44.8#1,754 | $19.0M | 19,267,000 |
 MGP INGREDIENTS INC$MGPI | 28.7#2,430 | $17.2M | 18,027,000 |
 CRACKER BARREL OLD COUNTRY STORE, INC$CBRL | 45.1#1,735 | $15.1M | 15,420,000 |
| AMERICAN WTR CAP CORP | — | $11.7M | 11,830,000 |
 Upstart Holdings, Inc.$UPST | 51.7 | $8.7M | 8,956,000 |
 BLACKSTONE MORTGAGE TRUST, INC.$BXMT | — | $7.1M | 7,183,000 |
| MARRIOTT VACATIONS WORLDWIDE | — | $5.3M | 5,556,000 |
 Teladoc Health, Inc.$TDOC | 38.2 | $4.7M | 4,932,000 |
 REDWOOD TRUST INC$RWT | — | $4.0M | 3,963,000 |
 ZIFF DAVIS, INC.$ZD | 51.3 | $2.6M | 2,677,000 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of PIPER SANDLER & CO.'s 20 positions.
Showing top 10 of 20 holdings.
Sector Allocation
Consumer Discretionary
$34.1M
Consumer Staples
$17.2M
Other
$17.0M
Real Estate
$11.1M
Financials
$9.0M
Healthcare
$4.9M
Technology
$3.8M
Communication Services
$2.6M
Full Holdings — PIPER SANDLER & CO. (Q1 2026)
All 20 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $PENN | PENN Entertainment, Inc. | $19.0M | 18.6% | +351% | 44.8 |
| 2 | $MGPI | MGP INGREDIENTS INC | $17.2M | 16.8% | +67% | 28.7 |
| 3 | $CBRL | CRACKER BARREL OLD COUNTRY STORE, INC | $15.1M | 14.8% | +115% | 45.1 |
| 4 | — | AMERICAN WTR CAP CORP | $11.7M | 11.5% | NEW | — |
| 5 | $UPST | Upstart Holdings, Inc. | $8.7M | 8.5% | +78% | 51.7 |
| 6 | $BXMT | BLACKSTONE MORTGAGE TRUST, INC. | $7.1M | 7.0% | +451% | — |
| 7 | — | MARRIOTT VACATIONS WORLDWIDE | $5.3M | 5.2% | -59% | — |
| 8 | $TDOC | Teladoc Health, Inc. | $4.7M | 4.6% | NEW | 38.2 |
| 9 | $RWT | REDWOOD TRUST INC | $4.0M | 3.9% | NEW | — |
| 10 | $ZD | ZIFF DAVIS, INC. | $2.6M | 2.5% | NEW | 51.3 |
| 11 |  $UPWK | UPWORK, INC | $2.5M | 2.5% | NEW | 67.4 |
| 12 |  $DUK | Duke Energy CORP | $1.9M | 1.9% | NEW | 64 |
| 13 |  $PRGS | PROGRESS SOFTWARE CORP /MA | $897,750 | 0.9% | NEW | 58.2 |
| 14 |  $QTWO | Q2 Holdings, Inc. | $387,426 | 0.4% | NEW | 62.4 |
| 15 |  $ZEO | Zeo Energy Corp. | $291,306 | 0.3% | -25% | 16.3 |
| 16 |  $STTK | Shattuck Labs, Inc. | $253,773 | 0.3% | +0% | — |
| 17 |  $AFRM | Affirm Holdings, Inc. | $185,760 | 0.2% | NEW | 71.7 |
| 18 |  $COIN | Coinbase Global, Inc. | $137,860 | 0.1% | NEW | 68 |
| 19 |  $PEB | Pebblebrook Hotel Trust | $81,818 | 0.1% | +0% | 45.3 |
| 20 |  $W | Wayfair Inc. | $31,960 | 0.0% | +0% | 40.5 |
New Positions (10)
Exited Positions (15)
$INN Summit Hotel Properties, Inc.
$JBLU JETBLUE AIRWAYS CORP
$CABO Cable One, Inc.
$TWO TWO HARBORS INVESTMENT CORP.
$ENPH Enphase Energy, Inc.
$PMT PennyMac Mortgage Investment Trust
$PTON PELOTON INTERACTIVE, INC.
$ALRM Alarm.com Holdings, Inc.
$FSLY Fastly, Inc.
$MITK MITEK SYSTEMS INC
$TRIP TripAdvisor, Inc.
$GRPN Groupon, Inc.
$MGNI MAGNITE, INC.
$RNG RingCentral, Inc.
$HAE HAEMONETICS CORPBrowse Top Institutional Investors
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AI-Powered Hedge Fund Analysis: PIPER SANDLER & CO.
13F Pro is an AI hedge fund tracker and stock research platform. For PIPER SANDLER & CO. (SEC CIK: 724683), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in PIPER SANDLER & CO.'s portfolio is scored on a 32-signal AI quality ranking (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.