PIPER SANDLER & CO.
CIK
724683
Location
MINNEAPOLIS, MN
Portfolio Value
Micro
$545,078
Diversification
Highly concentrated
Filing Date
Global Rank
#8,558
/ 8,603
▲ 44
· as of Mar 2026
Top Industry
Solar
53.4%
3Y Alpha vs SPY
-22.9%
Period ended 3 months ago
Filed May 12, 2026 · 58d
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-9.3%
SPY
+76.0%
Annualised alpha
-23.9%
Max drawdown
−74.5%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
2 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
53.4%
−30.2 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
5,024
Highly concentrated−2,245
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 53.4% | $291,306 |
| Healthcare | 46.6% | $253,772 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ZEO | Zeo Energy Corp. | −170,209 | 507,502 | $291,306 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
2 positions ·
$545,078 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| ZEO |
Zeo Energy Corp.
Technology
|
Reduced | 507,502 | $291,306 | 53.44% | |
| STTK |
Shattuck Labs, Inc.
Healthcare
|
Held | 39,467 | $253,772 | 46.56% |