Abstract: A pile upending and holding system includes a support assembly configured to be mounted on the vessel and to provide compensation for wave-induced motion of the vessel to maintain a predetermined X-Y location of the pile holder independent of said motion, and a pile holder mounted on the support assembly to be tillable about a substantially horizontal tilt axis. The pile holder includes a lower ring and an upper ring, and a pile holder frame supporting the lower ring and upper ring, the upper ring longitudinally spaced from the lower ring. Each of the rings include pile engaging devices distributed about the circumference thereof, each pile engaging device being adapted to engage an exterior of the pile extending through the lower and upper ring. Each of the lower ring and upper ring includes a ring base fixed to the pile holder frame and one or more movable jaws, movable between a closed position for holding and guiding the pile and an opened position for entry of the pile.