Piper Sandler & Co.
- SEC CIK
- 0000724683
- Latest filing
- Jul 28, 2026
The latest 13F from Piper Sandler & Co. covers Q2 2026 (filed Jul 28, 2026): 19 long positions worth $134.9M. The top 10 holdings make up 91.9% of the portfolio, and the largest is Lumentum Hldgs Inc at 23.9%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q2 2026
Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 8
- Est. +$76.5M
- Added
- 0
- Reduced
- 0
- Sold out
- 9
- Est. −$49.7M
Top 5 holdings
Share of this quarter's portfolio value
- Lumentum Hldgs Inc55024UAF623.9%$32.3M
- Advanced Energy Inds007973AE018.1%$24.4M
- MGP Ingredients Inc55303JAB212.9%$17.4M
- Upstart Hldgs Inc91680MAB36.7%$9.06M
- Blackstone Mortgage Trust IN09257WAE06.6%$8.86M
Biggest buys
New and added positions, by estimated amount bought
- Lumentum Hldgs Inc55024UAF6+$32.3MNew
- Advanced Energy Inds007973AE0+$24.4MNew
- Starwood Ppty Tr Inc85571BBA2+$8.06MNew
- SHIFT4 PMTS Inc82452JAD1+$6.84MNew
- Sea Ltd81141RAG5+$2.47MNew
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Lumentum Hldgs Inc55024UAF6+23.92 pp0.0% → 23.9%
- Advanced Energy Inds007973AE0+18.10 pp0.0% → 18.1%
- Starwood Ppty Tr Inc85571BBA2+5.98 pp0.0% → 6.0%
- SHIFT4 PMTS Inc82452JAD1+5.07 pp0.0% → 5.1%
- Sea Ltd81141RAG5+1.83 pp0.0% → 1.8%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Penn Natl Gaming Inc707569AU3−$19.0MSold out
- Cracker Barrel Old Ctry Stor22410JAB2−$15.1MSold out
- American WTR Cap Corp03040WBE4−$11.7MSold out
- Duke Energy CORP26441CBY0−$1.91MSold out
- Progress Software Corp743312AB6−$897.8KSold out
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Penn Natl Gaming Inc707569AU3−18.64 pp18.6% → 0.0%
- Cracker Barrel Old Ctry Stor22410JAB2−14.78 pp14.8% → 0.0%
- American WTR Cap Corp03040WBE4−11.46 pp11.5% → 0.0%
- Duke Energy CORP26441CBY0−1.87 pp1.9% → 0.0%
- Progress Software Corp743312AB6−0.88 pp0.9% → 0.0%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $134.9M
- +$32.9M (+32.2%) vs. prior quarter
- Positions
- 19
- −1 vs. prior quarter
- Top 10 concentration
- 91.9%
- Top 10 as share of value
- Turnover
- 41.9%
- Q2 2026, one quarter
- Average holding period
- 1.8 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.
13F filings by quarter
22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $148.2M (Q3 2024)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 28, 2026 | 19 | $134.9M | Lumentum Hldgs IncAdvanced Energy IndsMGP Ingredients Inc | vs. Q1 2026 | SEC |
| Q1 2026 | May 12, 2026 | 20 | $102.0M | Penn Natl Gaming IncMGP Ingredients IncCracker Barrel Old Ctry Stor | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 12, 2026 | 25 | $141.2M | Summit Hotel Pptys IncJetBlue Airways CorpCable One, Inc. | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 12, 2025 | 24 | $139.3M | Sea LtdFiverr Intl LtdRWT Hldgs Inc | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 13, 2025 | 20 | $129.6M | NRG Energy, Inc.Integra Lifesciences Hldgs CSolaredge Technologies, Inc. | vs. Q1 2025 | SEC |
| Q1 2025 | May 13, 2025 | 29 | $132.9M | Booking Holdings Inc.HubSpot IncNational Vision Hldgs Inc | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 10, 2025 | 28 | $131.1M | Insight Enterprises IncNational Vision Hldgs IncPegasystems Inc | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 13, 2024 | 37 | $148.2M | Insight Enterprises IncBooking Holdings Inc.Pennymac Corp | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 8, 2024 | 17 | $127.9M | Eagle Bulk Shipping Inc.Jazz Investments I LtdBiomarin Pharmaceutical Inc | vs. Q1 2024 | SEC |
| Q1 2024 | May 13, 2024 | 22 | $145.3M | Palo Alto Networks IncNeurocrine Biosciences IncPioneer Nat Res Co | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 12, 2024 | 20 | $132.5M | Tesla, Inc.Nice Sys IncWestern Digital Corp | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 14, 2023 | 10 | $105.6M | KBR, Inc.Western Digital CorpApollo Coml Real Est Fin Inc | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 10, 2023 | 21 | $93.6M | Pioneer Nat Res CoWestern Digital CorpKBR, Inc. | vs. Q1 2023 | SEC |
| Q1 2023 | May 11, 2023 | 29 | $143.2M | Hope Bancorp IncColony Cap IncSilicon Laboratories Inc. | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 24, 2023Amended | 34 | $96.6M | Novavax IncAtlas Air Worldwide Hldgs INKKR Real Estate Fin Tr Inc | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 14, 2022 | 39 | $123.6M | Wellpoint IncAtlas Air Worldwide Hldgs INTeradyne, Inc | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 12, 2022 | 45 | $109.9M | Sailpoint Technologies HldgsApollo Coml Real Est Fin IncTesla, Inc. | vs. Q1 2022 | SEC |
| Q1 2022 | May 13, 2022 | 37 | $132.2M | Teradyne, IncDanaher CorpBlackstone Mtg Tr Inc | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 14, 2022 | 21 | $132.8M | Tesla, Inc.ServiceNow, Inc.Tesla, Inc. | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 12, 2021 | 19 | $73.5M | Teradyne, IncNice Sys IncRH | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 12, 2021 | 16 | $107.7M | Nuance Communications, Inc.Cantel Med CorpNice Sys Inc | vs. Q1 2021 | SEC |
| Q1 2021 | May 14, 2021 | 18 | $120.5M | Nice Sys IncTesla, Inc.ServiceNow, Inc. | – | SEC |