Piper Sandler & Co.
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 100%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Why follow Piper Sandler & Co. right now?
Piper Sandler & Co.'s Q1 2026 13F-HR (period ending 2025-12-31) discloses $883K in reported equity AUM across two positions. ZEO Energy Corp dominates at 83.7% of the portfolio (677,711 shares), with Shattuck Labs Inc comprising the remaining 16.3% (39,467 shares). The concentration is extreme by any standard measure.
Performance data shows sustained underperformance relative to SPY across four consecutive quarters. The portfolio returned -52.5%, -53.1%, and -32.6% in Q1–Q3 2025 respectively, against positive SPY returns each period, before recovering to +5.0% in Q4 2025 (SPY: +17.7%). Cumulative alpha across the four quarters reached deeply negative territory. Past performance is not indicative of future results.
Generated from public SEC filings. Not investment advice.…
Read the full 112-word brief. Pro members get the complete editorial analysis on every curated manager, plus Sunday Pulse + Stock Picks.
Unlock with Pro — $9.99/moTop holdings · current snapshot
Source: 13F-HRRecent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Piper Sandler & Co.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 11:08 UTC.