Cliff Asness's PIPR Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 6,974 shares of Piper Sandler Companies (PIPR) worth $2.42 M, representing 0.00% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PIPR, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2013, adding 79,137 shares. Largest reduction occurred in Q4 2016, reducing 88,656 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Piper Sandler Companies (PIPR) Holding Value Over Time
Track share changes against reported price movement
Quarterly Piper Sandler Companies (PIPR) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +143,599 | Add 0.00% | 143,598 | $32.13 |
| Q2 2013 | +222,736 | Add 0.00% | 222,735 | $31.61 |
| Q3 2013 | -31,650 | Reduce 14.21% | 191,085 | $34.29 |
| Q4 2013 | -24,937 | Reduce 13.05% | 166,148 | $39.55 |
| Q1 2014 | -26,700 | Reduce 16.07% | 139,448 | $45.80 |
| Q2 2014 | -46,700 | Reduce 33.49% | 92,748 | $51.77 |
| Q3 2014 | -2,100 | Reduce 2.26% | 90,648 | $52.24 |
| Q4 2014 | +28,737 | Add 31.70% | 119,385 | $58.09 |
| Q1 2015 | +3,901 | Add 3.27% | 123,286 | $52.46 |
| Q2 2015 | +2,105 | Add 1.71% | 125,391 | $43.64 |
| Q3 2015 | -12,470 | Reduce 9.94% | 112,921 | $36.18 |
| Q4 2015 | +32,821 | Add 29.07% | 145,742 | $40.40 |
| Q1 2016 | -58,069 | Reduce 39.84% | 87,673 | $49.56 |
| Q2 2016 | +29,512 | Add 33.66% | 117,185 | $37.70 |
| Q3 2016 | +29,658 | Add 25.31% | 146,843 | $48.30 |
| Q4 2016 | -88,656 | Reduce 60.37% | 58,187 | $72.51 |
| Q1 2017 | -29,328 | Reduce 50.40% | 28,859 | $63.86 |
| Q2 2017 | +8,139 | Add 28.20% | 36,998 | $59.95 |
| Q3 2017 | -14,350 | Reduce 38.79% | 22,648 | $59.34 |
| Q4 2017 | -10,301 | Reduce 45.48% | 12,347 | $86.26 |
| Q1 2018 | -5,821 | Reduce 47.15% | 6,526 | $83.05 |
| Q2 2018 | -443 | Reduce 6.79% | 6,083 | $76.77 |
| Q3 2018 | -544 | Reduce 8.94% | 5,539 | $76.37 |
| Q4 2018 | -1,316 | Reduce 23.76% | 4,223 | $65.83 |
| Q1 2019 | -4,223 | Sold Out | 4,223 | $0.00 |
| Q1 2020 | +11,558 | New Buy | 11,558 | $50.53 |
| Q2 2020 | -6,570 | Reduce 56.84% | 4,988 | $59.14 |
| Q3 2020 | +1,502 | Add 30.11% | 6,490 | $73.04 |
| Q4 2020 | +18,229 | Add 280.88% | 24,719 | $100.89 |
| Q1 2021 | +9,025 | Add 36.51% | 33,744 | $109.65 |
| Q2 2021 | -451 | Reduce 1.34% | 33,293 | $129.55 |
| Q3 2021 | +286 | Add 0.86% | 33,579 | $138.45 |
| Q4 2021 | +4,674 | Add 13.92% | 38,253 | $178.52 |
| Q1 2022 | -8,533 | Reduce 22.31% | 29,720 | $131.26 |
| Q2 2022 | -11,835 | Reduce 39.82% | 17,885 | $113.34 |
| Q3 2022 | +771 | Add 4.31% | 18,656 | $104.74 |
| Q4 2022 | -13,178 | Reduce 70.64% | 5,478 | $130.19 |
| Q1 2023 | +13,602 | Add 248.30% | 19,080 | $138.61 |
| Q2 2023 | -12,786 | Reduce 67.01% | 6,294 | $129.27 |
| Q3 2023 | -2,575 | Reduce 40.91% | 3,719 | $145.32 |
| Q4 2023 | -959 | Reduce 25.79% | 2,760 | $174.87 |
| Q1 2024 | -728 | Reduce 26.38% | 2,032 | $198.49 |
| Q2 2024 | +222 | Add 10.93% | 2,254 | $230.17 |
| Q3 2024 | +824 | Add 36.56% | 3,078 | $283.81 |
| Q4 2024 | +1,538 | Add 49.97% | 4,616 | $299.95 |
| Q1 2025 | +956 | Add 20.71% | 5,572 | $247.66 |
| Q2 2025 | +1,531 | Add 27.48% | 7,103 | $277.94 |
| Q3 2025 | -129 | Reduce 1.82% | 6,974 | $346.99 |
Cliff Asness's Piper Sandler Companies Investment FAQs
Cliff Asness first purchased Piper Sandler Companies (PIPR) in Q4 2012, acquiring 143,598 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Piper Sandler Companies (PIPR) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Piper Sandler Companies (PIPR) was in Q2 2013, adding 222,735 shares worth $7.04 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 6,974 shares of Piper Sandler Companies (PIPR), valued at approximately $2.42 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Piper Sandler Companies (PIPR) represents approximately 0.00% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in Piper Sandler Companies (PIPR) was 222,735 shares, as reported at the end of Q2 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.