PIPER SANDLER & CO. Quant / Systematic

CIK: 0000724683 · Show all filings

Period: Q4 2015 (← Previous) (Next →)

Filing Date: Feb 16, 2016

Total Value ($000): $39,405 (54.3% shares, 45.7% debt)

Holdings (29)

— GENCORP INC 32.4%

Value ($000) $12,771 Shares 7,350,000 Est. Cost $1.96 Unrealized —

SPY SPDR S&P 500 ETF TR 25.9%

Value ($000) $10,194 Shares 50,000 Est. Cost — Unrealized —

— VTV THERAPEUTICS INC 11.9%

Value ($000) $4,672 Shares 685,995 Est. Cost $6.52 Unrealized —

XLE SELECT SECTOR SPDR TR 10.7%

Value ($000) $4,222 Shares 70,000 Est. Cost — Unrealized —

— ROYAL GOLD INC 4.1%

Value ($000) $1,634 Shares 1,801,000 Est. Cost $0.96 Unrealized —

— NEWMONT MINING CORP 3.0%

Value ($000) $1,183 Shares 1,206,000 Est. Cost $0.98 Unrealized —

— ARES CAP CORP 2.5%

Value ($000) $1,004 Shares 1,005,000 Est. Cost $1.00 Unrealized —

TEVA TEVA PHARMACEUTICAL INDS LTD 1.9%

Value ($000) $759 Shares 11,559 Est. Cost $65.66 Unrealized —

— SPECTRANETICS CORP 1.9%

Value ($000) $754 Shares 1,000,000 Est. Cost $0.75 Unrealized —

— ARES CAP CORP 1.3%

Value ($000) $499 Shares 500,000 Est. Cost $1.00 Unrealized —

VRTX VERTEX PHARMACEUTICALS INC 1.2%

Value ($000) $481 Shares 3,825 Est. Cost $120.72 Unrealized 0.0%

— VALEANT PHARMACEUTICALS INTL 0.5%

Value ($000) $201 Shares 1,976 Est. Cost $101.72 Unrealized —

THC TENET HEALTHCARE CORP 0.5%

Value ($000) $180 Shares 5,929 Est. Cost $32.80 Unrealized 0.0%

LULU LULULEMON ATHLETICA INC 0.4%

Value ($000) $176 Shares 3,353 Est. Cost $50.38 Unrealized 0.0%

BMRN BIOMARIN PHARMACEUTICAL INC 0.4%

Value ($000) $145 Shares 1,385 Est. Cost $104.32 Unrealized 0.0%

— BLUEBIRD BIO INC 0.4%

Value ($000) $145 Shares 2,256 Est. Cost $64.27 Unrealized —

— APOLLO INVT CORP 0.3%

Value ($000) $125 Shares 125,000 Est. Cost $1.00 Unrealized —

— ALCOBRA LTD 0.2%

Value ($000) $73 Shares 11,641 Est. Cost $6.27 Unrealized —

— RELYPSA INC 0.1%

Value ($000) $48 Shares 1,702 Est. Cost $28.20 Unrealized —

— LDR HLDG CORP 0.1%

Value ($000) $30 Shares 1,199 Est. Cost $25.02 Unrealized —

— AIRTRAN HLDGS INC 0.1%

Value ($000) $27 Shares 9,000 Est. Cost $2.44 Unrealized —

— GLOBAL BLOOD THERAPEUTICS IN 0.1%

Value ($000) $23 Shares 700 Est. Cost $32.86 Unrealized —

INCY INCYTE CORP 0.1%

Value ($000) $22 Shares 201 Est. Cost $111.53 Unrealized 0.0%

— OREXIGEN THERAPEUTICS INC 0.0%

Value ($000) $17 Shares 9,809 Est. Cost $1.73 Unrealized —

COLL COLLEGIUM PHARMACEUTICAL INC 0.0%

Value ($000) $16 Shares 599 Est. Cost $17.29 Unrealized +21.8%

— SAGENT PHARMACEUTICALS INC 0.0%

Value ($000) $3 Shares 185 Est. Cost $16.22 Unrealized —

— OXFORD IMMUNOTEC GLOBAL PLC 0.0%

Value ($000) $1 Shares 65 Est. Cost $13.67 Unrealized —

— CHIMERIX INC 0.0%

Value ($000) $0 Shares 22 Est. Cost — Unrealized —

— AURIS MED HLDG AG 0.0%

Value ($000) $0 Shares 84 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	GENCORP INC	7,350,000	$12,771	32.4%	$1.96	—	SDCV 4.062%12/3	368682AN0
SPY	SPDR S&P 500 ETF TR	50,000	$10,194	25.9%	—	—	Put	78462F103
—	VTV THERAPEUTICS INC	685,995	$4,672	11.9%	$6.52	—	CL A	918385105
XLE	SELECT SECTOR SPDR TR	70,000	$4,222	10.7%	—	—	Put	81369Y506
—	ROYAL GOLD INC	1,801,000	$1,634	4.1%	$0.96	—	NOTE 2.875% 6/1	780287AA6
—	NEWMONT MINING CORP	1,206,000	$1,183	3.0%	$0.98	—	NOTE 1.625% 7/1	651639AJ5
—	ARES CAP CORP	1,005,000	$1,004	2.5%	$1.00	—	NOTE 5.750% 2/0	04010LAB9
TEVA	TEVA PHARMACEUTICAL INDS LTD	11,559	$759	1.9%	$65.66	—	ADR	881624209
—	SPECTRANETICS CORP	1,000,000	$754	1.9%	$0.75	—	MTNF 2.625% 6/0	84760CAA5
—	ARES CAP CORP	500,000	$499	1.3%	$1.00	—	NOTE 5.125% 6/0	04010LAD5
VRTX	VERTEX PHARMACEUTICALS INC	3,825	$481	1.2%	$120.72	0.0%	COM	92532F100
—	VALEANT PHARMACEUTICALS INTL	1,976	$201	0.5%	$101.72	—	COM	91911K102
THC	TENET HEALTHCARE CORP	5,929	$180	0.5%	$32.80	0.0%	COM NEW	88033G407
LULU	LULULEMON ATHLETICA INC	3,353	$176	0.4%	$50.38	0.0%	COM	550021109
BMRN	BIOMARIN PHARMACEUTICAL INC	1,385	$145	0.4%	$104.32	0.0%	COM	09061G101
—	BLUEBIRD BIO INC	2,256	$145	0.4%	$64.27	—	COM	09609G100
—	APOLLO INVT CORP	125,000	$125	0.3%	$1.00	—	NOTE 5.750% 1/1	03761UAE6
—	ALCOBRA LTD	11,641	$73	0.2%	$6.27	—	SHS	M2239P109
—	RELYPSA INC	1,702	$48	0.1%	$28.20	—	COM	759531106
—	LDR HLDG CORP	1,199	$30	0.1%	$25.02	—	COM	50185U105
—	AIRTRAN HLDGS INC	9,000	$27	0.1%	$2.44	—	NOTE 5.250%11/0	00949PAD0
—	GLOBAL BLOOD THERAPEUTICS IN	700	$23	0.1%	$32.86	—	COM	37890U108
INCY	INCYTE CORP	201	$22	0.1%	$111.53	0.0%	COM	45337C102
—	OREXIGEN THERAPEUTICS INC	9,809	$17	0.0%	$1.73	—	COM	686164104
COLL	COLLEGIUM PHARMACEUTICAL INC	599	$16	0.0%	$17.29	+21.8%	COM	19459J104
—	SAGENT PHARMACEUTICALS INC	185	$3	0.0%	$16.22	—	COM	786692103
—	OXFORD IMMUNOTEC GLOBAL PLC	65	$1	0.0%	$13.67	—	ORD SHS	G6855A103
—	CHIMERIX INC	22	$0	0.0%	—	—	COM	16934W106
—	AURIS MED HLDG AG	84	$0	0.0%	—	—	COM	H03579101