PIPER SANDLER COMPANIES

Ticker: PIPR CUSIP: 724078100 Class: EQTY

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM's Holding History (CIK: 0001081019)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 16,842 Value ($000) $5,721 Avg Close $337.82 Range $308.86 - $372.75

Q3 2025

Shares 16,683 Value ($000) $5,789 Avg Close $326.18 Range $274.99 - $374.77

Q2 2025

Shares 16,338 Value ($000) $4,541 Avg Close $249.18 Range $202.91 - $286.41

Q1 2025

Shares 16,338 Value ($000) $4,046 Avg Close $286.30 Range $238.37 - $333.09

Q4 2024

Shares 16,521 Value ($000) $4,955 Avg Close $311.23 Range $278.14 - $351.80

Q3 2024

Shares 16,718 Value ($000) $4,745 Avg Close $261.59 Range $222.50 - $289.02

Q2 2024

Shares 17,225 Value ($000) $3,965 Avg Close $204.96 Range $183.58 - $231.50

Q1 2024

Shares 17,670 Value ($000) $3,507 Avg Close $182.80 Range $162.50 - $200.00

Q4 2023

Shares 18,670 Value ($000) $3,265 Avg Close $152.17 Range $130.89 - $182.87

Q3 2023

Shares 19,514 Value ($000) $2,836 Avg Close $144.50 Range $124.46 - $154.62

Q2 2023

Shares 21,403 Value ($000) $2,767 Avg Close $132.07 Range $120.97 - $142.72

Q1 2023

Shares 22,134 Value ($000) $3,068 Avg Close $142.52 Range $122.17 - $162.20

Q4 2022

Shares 22,112 Value ($000) $2,879 Avg Close $130.65 Range $104.85 - $150.93

Q3 2022

Shares 22,037 Value ($000) $2,308 Avg Close $116.47 Range $102.60 - $133.73

Q2 2022

Shares 23,013 Value ($000) $2,609 Avg Close $120.84 Range $108.66 - $133.73

Q1 2022

Shares 22,794 Value ($000) $2,992 Avg Close $147.34 Range $120.97 - $187.00

Q4 2021

Shares 24,788 Value ($000) $4,425 Avg Close $169.95 Range $137.89 - $193.60

Q3 2021

Shares 24,459 Value ($000) $3,387 Avg Close $133.96 Range $114.64 - $151.04

Q2 2021

Shares 24,404 Value ($000) $3,162 Avg Close $122.50 Range $109.61 - $135.17

Q1 2021

Shares 26,275 Value ($000) $2,881 Avg Close $106.08 Range $90.84 - $124.03

Q4 2020

Shares 26,354 Value ($000) $2,659 Avg Close $90.71 Range $71.64 - $106.17

Q3 2020

Shares 26,272 Value ($000) $1,918 Avg Close $68.20 Range $54.68 - $78.25

Q2 2020

Shares 26,272 Value ($000) $1,554 Avg Close $56.35 Range $46.50 - $72.80

Q1 2020

Shares 20,141 Value ($000) $1,019 Avg Close $71.26 Range $31.95 - $87.45

Q4 2019

Shares 21,021 Value ($000) $1,680 Avg Close $77.47 Range $68.93 - $82.55

Q3 2019

Shares 21,445 Value ($000) $1,619 Avg Close $74.55 Range $69.68 - $79.31

Q2 2019

Shares 21,189 Value ($000) $1,574 Avg Close $75.59 Range $70.01 - $82.52

Q1 2019

Shares 22,106 Value ($000) $1,610 Avg Close $70.94 Range $64.66 - $75.21

Q4 2018

Shares 22,785 Value ($000) $1,500 Avg Close $69.76 Range $61.35 - $78.11

Q3 2018

Shares 22,478 Value ($000) $1,716 Avg Close $76.80 Range $72.60 - $80.70

Q2 2018

Shares 22,485 Value ($000) $1,728 Avg Close $78.29 Range $67.75 - $85.80

Q1 2018

Shares 21,918 Value ($000) $1,820 Avg Close $88.45 Range $79.85 - $99.80

Q4 2017

Shares 22,687 Value ($000) $1,957 Avg Close $72.11 Range $59.20 - $87.45

Q3 2017

Shares 23,100 Value ($000) $1,371 Avg Close $59.02 Range $52.75 - $65.85

Q2 2017

Shares 25,538 Value ($000) $1,531 Avg Close $60.36 Range $56.55 - $64.10

Q1 2017

Shares 28,538 Value ($000) $1,822 Avg Close $70.79 Range $61.43 - $81.85

Q4 2016

Shares 29,838 Value ($000) $2,163 Avg Close $63.14 Range $47.72 - $77.80

Q3 2016

Shares 30,638 Value ($000) $1,480 Avg Close $43.55 Range $36.80 - $48.70

Q2 2016

Shares 32,138 Value ($000) $1,212 Avg Close $42.46 Range $35.36 - $50.15

Q1 2016

Shares 28,222 Value ($000) $1,399 Avg Close $40.50 Range $31.66 - $50.66

Q4 2015

Shares 27,976 Value ($000) $1,130 Avg Close $38.33 Range $33.17 - $42.95

Q3 2015

Shares 27,576 Value ($000) $997 Avg Close $41.08 Range $35.86 - $46.42

Q2 2015

Shares 29,176 Value ($000) $1,273 Avg Close $49.91 Range $43.24 - $56.57

Q1 2015

Shares 29,702 Value ($000) $1,558 Avg Close $54.32 Range $49.78 - $58.88

Q4 2014

Shares 30,302 Value ($000) $1,760 Avg Close $54.91 Range $44.73 - $59.94

Q3 2014

Shares 29,983 Value ($000) $1,566 Avg Close $53.33 Range $49.24 - $56.91

Q2 2014

Shares 29,713 Value ($000) $1,538 Avg Close $45.02 Range $39.40 - $52.00

Q1 2014

Shares 29,313 Value ($000) $1,343 Avg Close $40.68 Range $36.86 - $45.94

Q4 2013

Shares 29,213 Value ($000) $1,155 Avg Close $36.47 Range $31.76 - $39.75

Q3 2013

Shares 29,013 Value ($000) $995 Avg Close $33.69 Range $29.48 - $36.31

Q2 2013

Shares 30,075 Value ($000) $951 Avg Close $33.63 Range $30.44 - $36.59

Q1 2013

Shares 26,412 Value ($000) $906 Avg Close $37.75 Range $31.79 - $42.56

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	16,842	$5,721	$337.82	$308.86 - $372.75
Q3 2025	16,683	$5,789	$326.18	$274.99 - $374.77
Q2 2025	16,338	$4,541	$249.18	$202.91 - $286.41
Q1 2025	16,338	$4,046	$286.30	$238.37 - $333.09
Q4 2024	16,521	$4,955	$311.23	$278.14 - $351.80
Q3 2024	16,718	$4,745	$261.59	$222.50 - $289.02
Q2 2024	17,225	$3,965	$204.96	$183.58 - $231.50
Q1 2024	17,670	$3,507	$182.80	$162.50 - $200.00
Q4 2023	18,670	$3,265	$152.17	$130.89 - $182.87
Q3 2023	19,514	$2,836	$144.50	$124.46 - $154.62
Q2 2023	21,403	$2,767	$132.07	$120.97 - $142.72
Q1 2023	22,134	$3,068	$142.52	$122.17 - $162.20
Q4 2022	22,112	$2,879	$130.65	$104.85 - $150.93
Q3 2022	22,037	$2,308	$116.47	$102.60 - $133.73
Q2 2022	23,013	$2,609	$120.84	$108.66 - $133.73
Q1 2022	22,794	$2,992	$147.34	$120.97 - $187.00
Q4 2021	24,788	$4,425	$169.95	$137.89 - $193.60
Q3 2021	24,459	$3,387	$133.96	$114.64 - $151.04
Q2 2021	24,404	$3,162	$122.50	$109.61 - $135.17
Q1 2021	26,275	$2,881	$106.08	$90.84 - $124.03
Q4 2020	26,354	$2,659	$90.71	$71.64 - $106.17
Q3 2020	26,272	$1,918	$68.20	$54.68 - $78.25
Q2 2020	26,272	$1,554	$56.35	$46.50 - $72.80
Q1 2020	20,141	$1,019	$71.26	$31.95 - $87.45
Q4 2019	21,021	$1,680	$77.47	$68.93 - $82.55
Q3 2019	21,445	$1,619	$74.55	$69.68 - $79.31
Q2 2019	21,189	$1,574	$75.59	$70.01 - $82.52
Q1 2019	22,106	$1,610	$70.94	$64.66 - $75.21
Q4 2018	22,785	$1,500	$69.76	$61.35 - $78.11
Q3 2018	22,478	$1,716	$76.80	$72.60 - $80.70
Q2 2018	22,485	$1,728	$78.29	$67.75 - $85.80
Q1 2018	21,918	$1,820	$88.45	$79.85 - $99.80
Q4 2017	22,687	$1,957	$72.11	$59.20 - $87.45
Q3 2017	23,100	$1,371	$59.02	$52.75 - $65.85
Q2 2017	25,538	$1,531	$60.36	$56.55 - $64.10
Q1 2017	28,538	$1,822	$70.79	$61.43 - $81.85
Q4 2016	29,838	$2,163	$63.14	$47.72 - $77.80
Q3 2016	30,638	$1,480	$43.55	$36.80 - $48.70
Q2 2016	32,138	$1,212	$42.46	$35.36 - $50.15
Q1 2016	28,222	$1,399	$40.50	$31.66 - $50.66
Q4 2015	27,976	$1,130	$38.33	$33.17 - $42.95
Q3 2015	27,576	$997	$41.08	$35.86 - $46.42
Q2 2015	29,176	$1,273	$49.91	$43.24 - $56.57
Q1 2015	29,702	$1,558	$54.32	$49.78 - $58.88
Q4 2014	30,302	$1,760	$54.91	$44.73 - $59.94
Q3 2014	29,983	$1,566	$53.33	$49.24 - $56.91
Q2 2014	29,713	$1,538	$45.02	$39.40 - $52.00
Q1 2014	29,313	$1,343	$40.68	$36.86 - $45.94
Q4 2013	29,213	$1,155	$36.47	$31.76 - $39.75
Q3 2013	29,013	$995	$33.69	$29.48 - $36.31
Q2 2013	30,075	$951	$33.63	$30.44 - $36.59
Q1 2013	26,412	$906	$37.75	$31.79 - $42.56