PIPER SANDLER & CO. Quant / Systematic

Location: Minneapolis, MN

CIK: 0000724683 · Show all filings

Period: Q4 2015 (← Previous) (Next →)

Filing Date: Feb 16, 2016

Total Value: $39.41M (54.3% shares, 45.7% debt)

Holdings (29)

— GENCORP INC 32.4%

Value $12.77M Shares 7,350,000 Share Price $1.74 Est. Cost/Share $1.96 Unrealized @ Report Date —

SPY SPDR S&P 500 ETF TR 25.9%

Value $10.19M Shares 50,000 Share Price $203.88 Est. Cost/Share — Unrealized @ Report Date —

— VTV THERAPEUTICS INC 11.9%

Value $4.672M Shares 685,995 Share Price $6.81 Est. Cost/Share $6.52 Unrealized @ Report Date —

XLE SELECT SECTOR SPDR TR 10.7%

Value $4.222M Shares 70,000 Share Price $60.31 Est. Cost/Share — Unrealized @ Report Date —

— ROYAL GOLD INC 4.1%

Value $1.634M Shares 1,801,000 Share Price $0.91 Est. Cost/Share $0.96 Unrealized @ Report Date —

— NEWMONT MINING CORP 3.0%

Value $1.183M Shares 1,206,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— ARES CAP CORP 2.5%

Value $1.004M Shares 1,005,000 Share Price $1.00 Est. Cost/Share $1.00 Unrealized @ Report Date —

TEVA TEVA PHARMACEUTICAL INDS LTD 1.9%

Value $759K Shares 11,559 Share Price $65.66 Est. Cost/Share $61.80 Unrealized @ Report Date +6.2%

— SPECTRANETICS CORP 1.9%

Value $754K Shares 1,000,000 Share Price $0.75 Est. Cost/Share $0.75 Unrealized @ Report Date —

— ARES CAP CORP 1.3%

Value $499K Shares 500,000 Share Price $1.00 Est. Cost/Share $1.00 Unrealized @ Report Date —

VRTX VERTEX PHARMACEUTICALS INC 1.2%

Value $481K Shares 3,825 Share Price $125.75 Est. Cost/Share $120.72 Unrealized @ Report Date +4.2%

— VALEANT PHARMACEUTICALS INTL 0.5%

Value $201K Shares 1,976 Share Price $101.72 Est. Cost/Share $101.72 Unrealized @ Report Date —

THC TENET HEALTHCARE CORP 0.5%

Value $180K Shares 5,929 Share Price $30.36 Est. Cost/Share $32.80 Unrealized @ Report Date -7.6%

LULU LULULEMON ATHLETICA INC 0.4%

Value $176K Shares 3,353 Share Price $52.49 Est. Cost/Share $50.38 Unrealized @ Report Date +4.1%

BMRN BIOMARIN PHARMACEUTICAL INC 0.4%

Value $145K Shares 1,385 Share Price $104.69 Est. Cost/Share $104.32 Unrealized @ Report Date +0.4%

— BLUEBIRD BIO INC 0.4%

Value $145K Shares 2,256 Share Price $64.27 Est. Cost/Share $64.27 Unrealized @ Report Date —

— APOLLO INVT CORP 0.3%

Value $125K Shares 125,000 Share Price $1.00 Est. Cost/Share $1.00 Unrealized @ Report Date —

— ALCOBRA LTD 0.2%

Value $73,000 Shares 11,641 Share Price $6.27 Est. Cost/Share $6.27 Unrealized @ Report Date —

— RELYPSA INC 0.1%

Value $48,000 Shares 1,702 Share Price $28.20 Est. Cost/Share $28.20 Unrealized @ Report Date —

— LDR HLDG CORP 0.1%

Value $30,000 Shares 1,199 Share Price $25.02 Est. Cost/Share $25.02 Unrealized @ Report Date —

— AIRTRAN HLDGS INC 0.1%

Value $27,000 Shares 9,000 Share Price $3.00 Est. Cost/Share $2.44 Unrealized @ Report Date —

— GLOBAL BLOOD THERAPEUTICS IN 0.1%

Value $23,000 Shares 700 Share Price $32.86 Est. Cost/Share $32.86 Unrealized @ Report Date —

INCY INCYTE CORP 0.1%

Value $22,000 Shares 201 Share Price $109.45 Est. Cost/Share $111.53 Unrealized @ Report Date -2.8%

— OREXIGEN THERAPEUTICS INC 0.0%

Value $17,000 Shares 9,809 Share Price $1.73 Est. Cost/Share $1.73 Unrealized @ Report Date —

COLL COLLEGIUM PHARMACEUTICAL INC 0.0%

Value $16,000 Shares 599 Share Price $26.71 * Est. Cost/Share $17.29 Unrealized @ Report Date +59.0%

— SAGENT PHARMACEUTICALS INC 0.0%

Value $3,000 Shares 185 Share Price $16.22 Est. Cost/Share $16.22 Unrealized @ Report Date —

— OXFORD IMMUNOTEC GLOBAL PLC 0.0%

Value $1,000 Shares 65 Share Price $15.38 Est. Cost/Share $13.67 Unrealized @ Report Date —

— CHIMERIX INC 0.0%

Value $0 Shares 22 Share Price $0.00 Est. Cost/Share — Unrealized @ Report Date —

— AURIS MED HLDG AG 0.0%

Value $0 Shares 84 Share Price $0.00 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	GENCORP INC	7,350,000	$12.77M	32.4%	$1.74	$1.96	—	SDCV 4.062%12/3	368682AN0
SPY	SPDR S&P 500 ETF TR	50,000	$10.19M	25.9%	$203.88	—	—	Put	78462F103
—	VTV THERAPEUTICS INC	685,995	$4.672M	11.9%	$6.81	$6.52	—	CL A	918385105
XLE	SELECT SECTOR SPDR TR	70,000	$4.222M	10.7%	$60.31	—	—	Put	81369Y506
—	ROYAL GOLD INC	1,801,000	$1.634M	4.1%	$0.91	$0.96	—	NOTE 2.875% 6/1	780287AA6
—	NEWMONT MINING CORP	1,206,000	$1.183M	3.0%	$0.98	$0.98	—	NOTE 1.625% 7/1	651639AJ5
—	ARES CAP CORP	1,005,000	$1.004M	2.5%	$1.00	$1.00	—	NOTE 5.750% 2/0	04010LAB9
TEVA	TEVA PHARMACEUTICAL INDS LTD	11,559	$759K	1.9%	$65.66	$61.80	+6.2%	ADR	881624209
—	SPECTRANETICS CORP	1,000,000	$754K	1.9%	$0.75	$0.75	—	MTNF 2.625% 6/0	84760CAA5
—	ARES CAP CORP	500,000	$499K	1.3%	$1.00	$1.00	—	NOTE 5.125% 6/0	04010LAD5
VRTX	VERTEX PHARMACEUTICALS INC	3,825	$481K	1.2%	$125.75	$120.72	+4.2%	COM	92532F100
—	VALEANT PHARMACEUTICALS INTL	1,976	$201K	0.5%	$101.72	$101.72	—	COM	91911K102
THC	TENET HEALTHCARE CORP	5,929	$180K	0.5%	$30.36	$32.80	-7.6%	COM NEW	88033G407
LULU	LULULEMON ATHLETICA INC	3,353	$176K	0.4%	$52.49	$50.38	+4.1%	COM	550021109
BMRN	BIOMARIN PHARMACEUTICAL INC	1,385	$145K	0.4%	$104.69	$104.32	+0.4%	COM	09061G101
—	BLUEBIRD BIO INC	2,256	$145K	0.4%	$64.27	$64.27	—	COM	09609G100
—	APOLLO INVT CORP	125,000	$125K	0.3%	$1.00	$1.00	—	NOTE 5.750% 1/1	03761UAE6
—	ALCOBRA LTD	11,641	$73,000	0.2%	$6.27	$6.27	—	SHS	M2239P109
—	RELYPSA INC	1,702	$48,000	0.1%	$28.20	$28.20	—	COM	759531106
—	LDR HLDG CORP	1,199	$30,000	0.1%	$25.02	$25.02	—	COM	50185U105
—	AIRTRAN HLDGS INC	9,000	$27,000	0.1%	$3.00	$2.44	—	NOTE 5.250%11/0	00949PAD0
—	GLOBAL BLOOD THERAPEUTICS IN	700	$23,000	0.1%	$32.86	$32.86	—	COM	37890U108
INCY	INCYTE CORP	201	$22,000	0.1%	$109.45	$111.53	-2.8%	COM	45337C102
—	OREXIGEN THERAPEUTICS INC	9,809	$17,000	0.0%	$1.73	$1.73	—	COM	686164104
COLL	COLLEGIUM PHARMACEUTICAL INC	599	$16,000	0.0%	$26.71 *	$17.29	+59.0%	COM	19459J104
—	SAGENT PHARMACEUTICALS INC	185	$3,000	0.0%	$16.22	$16.22	—	COM	786692103
—	OXFORD IMMUNOTEC GLOBAL PLC	65	$1,000	0.0%	$15.38	$13.67	—	ORD SHS	G6855A103
—	CHIMERIX INC	22	$0	0.0%	$0.00	—	—	COM	16934W106
—	AURIS MED HLDG AG	84	$0	0.0%	$0.00	—	—	COM	H03579101