PIPER SANDLER & CO. Quant / Systematic

Location: Minneapolis, MN

CIK: 0000724683 · Show all filings

Period: Q4 2019 (← Previous) (Next →)

Filing Date: Feb 14, 2020

Total Value: $136M (9.2% shares, 90.8% debt)

Holdings (20)

— NOVELLUS SYS INC 37.6%

Value $51.25M Shares 5,667,000 Share Price $9.04 Est. Cost/Share $9.04 Unrealized @ Report Date —

— MEDICINES CO 11.6%

Value $15.8M Shares 6,235,000 Share Price $2.53 Est. Cost/Share $2.53 Unrealized @ Report Date —

— MEDICINES CO 10.2%

Value $13.89M Shares 8,000,000 Share Price $1.74 Est. Cost/Share $1.74 Unrealized @ Report Date —

— PENNYMAC CORP 8.9%

Value $12.13M Shares 12,116,000 Share Price $1.00 Est. Cost/Share $1.01 Unrealized @ Report Date —

— VECTOR GROUP LTD 7.4%

Value $10.09M Shares 9,916,000 Share Price $1.02 Est. Cost/Share $1.02 Unrealized @ Report Date —

— FORESTAR GROUP INC 5.1%

Value $6.986M Shares 6,986,000 Share Price $1.00 Est. Cost/Share $1.00 Unrealized @ Report Date —

— CENTERPOINT ENERGY INC 3.8%

Value $5.224M Shares 107,172 Share Price $48.74 Est. Cost/Share $51.28 Unrealized @ Report Date —

— ECHO GLOBAL LOGISTICS INC 3.6%

Value $4.845M Shares 4,865,000 Share Price $1.00 Est. Cost/Share $1.00 Unrealized @ Report Date —

— SEACOR HOLDINGS INC 2.2%

Value $2.94M Shares 3,000,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— SOUTH JERSEY INDS INC 1.9%

Value $2.587M Shares 49,845 Share Price $51.90 Est. Cost/Share $51.77 Unrealized @ Report Date —

— ROVI CORP 1.8%

Value $2.471M Shares 2,500,000 Share Price $0.99 Est. Cost/Share $0.97 Unrealized @ Report Date —

— FORTIVE CORP 1.4%

Value $1.946M Shares 2,000 Share Price $973.00 Est. Cost/Share $902.00 Unrealized @ Report Date —

— CTRIP COM INTL LTD 1.3%

Value $1.722M Shares 1,750,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— CROWN CASTLE INTL CORP NEW 0.8%

Value $1.154M Shares 900 Share Price $1282.22 Est. Cost/Share $1262.22 Unrealized @ Report Date —

— U S WELL SVCS INC 0.7%

Value $963K Shares 509,337 Share Price $1.89 Est. Cost/Share $7.98 Unrealized @ Report Date —

— CYPRESS SEMICONDUCTOR CORP 0.6%

Value $871K Shares 500,000 Share Price $1.74 Est. Cost/Share $1.74 Unrealized @ Report Date —

— CALAMP CORP 0.4%

Value $593K Shares 602,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

MTLS MATERIALISE NV 0.3%

Value $469K Shares 25,600 Share Price $18.32 Est. Cost/Share $18.41 Unrealized @ Report Date -0.6%

— BECTON DICKINSON & CO 0.2%

Value $249K Shares 3,800 Share Price $65.53 Est. Cost/Share $61.90 Unrealized @ Report Date —

— CEMEX SAB DE CV 0.1%

Value $115K Shares 115,000 Share Price $1.00 Est. Cost/Share $1.00 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	NOVELLUS SYS INC	5,667,000	$51.25M	37.6%	$9.04	$9.04	—	NOTE 2.625% 5/1	670008AD3
—	MEDICINES CO	6,235,000	$15.8M	11.6%	$2.53	$2.53	—	NOTE 2.500% 1/1	584688AE5
—	MEDICINES CO	8,000,000	$13.89M	10.2%	$1.74	$1.74	—	NOTE 2.750% 7/1	584688AG0
—	PENNYMAC CORP	12,116,000	$12.13M	8.9%	$1.00	$1.01	—	NOTE 5.375% 5/0	70932AAB9
—	VECTOR GROUP LTD	9,916,000	$10.09M	7.4%	$1.02	$1.02	—	FRNT 4/1	92240MBC1
—	FORESTAR GROUP INC	6,986,000	$6.986M	5.1%	$1.00	$1.00	—	NOTE 3.750% 3/0	346232AB7
—	CENTERPOINT ENERGY INC	107,172	$5.224M	3.8%	$48.74	$51.28	—	DEP RP PFD CV B	15189T503
—	ECHO GLOBAL LOGISTICS INC	4,865,000	$4.845M	3.6%	$1.00	$1.00	—	NOTE 2.500% 5/0	27875TAA9
—	SEACOR HOLDINGS INC	3,000,000	$2.94M	2.2%	$0.98	$0.98	—	NOTE 3.000%11/1	81170YAB5
—	SOUTH JERSEY INDS INC	49,845	$2.587M	1.9%	$51.90	$51.77	—	UNIT 99/99/9999	838518116
—	ROVI CORP	2,500,000	$2.471M	1.8%	$0.99	$0.97	—	NOTE 0.500% 3/0	779376AD4
—	FORTIVE CORP	2,000	$1.946M	1.4%	$973.00	$902.00	—	5% PFD CNV SER A	34959J207
—	CTRIP COM INTL LTD	1,750,000	$1.722M	1.3%	$0.98	$0.98	—	NOTE 1.000% 7/0	22943FAF7
—	CROWN CASTLE INTL CORP NEW	900	$1.154M	0.8%	$1282.22	$1262.22	—	6.875% CON PFD A	22822V309
—	U S WELL SVCS INC	509,337	$963K	0.7%	$1.89	$7.98	—	CL A	91274U101
—	CYPRESS SEMICONDUCTOR CORP	500,000	$871K	0.6%	$1.74	$1.74	—	NOTE 4.500% 1/1	232806AM1
—	CALAMP CORP	602,000	$593K	0.4%	$0.99	$0.99	—	NOTE 1.625% 5/1	128126AB5
MTLS	MATERIALISE NV	25,600	$469K	0.3%	$18.32	$18.41	-0.6%	SPONSORED ADS	57667T100
—	BECTON DICKINSON & CO	3,800	$249K	0.2%	$65.53	$61.90	—	PFD SHS CONV A	075887208
—	CEMEX SAB DE CV	115,000	$115K	0.1%	$1.00	$1.00	—	NOTE 3.720% 3/1	151290BT9