PIPER SANDLER & CO. Quant / Systematic

Location: Minneapolis, MN

CIK: 0000724683 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 14, 2020

Total Value: $118M (8.8% shares, 91.2% debt)

Holdings (25)

— ALLSCRIPTS HEALTHCARE SOLUTN 13.9%

Value $16.5M Shares 17,099,000 Share Price $0.96 Est. Cost/Share $0.96 Unrealized @ Report Date —

— NOVELLUS SYS INC 12.2%

Value $14.43M Shares 1,920,000 Share Price $7.51 Est. Cost/Share $9.04 Unrealized @ Report Date —

— PENNYMAC CORP 10.3%

Value $12.21M Shares 12,640,000 Share Price $0.97 Est. Cost/Share $1.01 Unrealized @ Report Date —

— PRICELINE GRP INC 9.3%

Value $11.05M Shares 10,000,000 Share Price $1.11 Est. Cost/Share $1.11 Unrealized @ Report Date —

— RENEWABLE ENERGY GROUP INC 9.3%

Value $11.05M Shares 5,500,000 Share Price $2.01 Est. Cost/Share $2.01 Unrealized @ Report Date —

— VECTOR GROUP LTD 8.5%

Value $10.04M Shares 10,216,000 Share Price $0.98 Est. Cost/Share $1.02 Unrealized @ Report Date —

— PORTFOLIO RECOVERY ASSOCS IN 6.5%

Value $7.711M Shares 7,945,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— CTRIP COM INTL LTD 5.2%

Value $6.206M Shares 6,365,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— ECHO GLOBAL LOGISTICS INC 4.2%

Value $4.974M Shares 4,965,000 Share Price $1.00 Est. Cost/Share $1.00 Unrealized @ Report Date —

— CENTERPOINT ENERGY INC 3.4%

Value $4.027M Shares 139,843 Share Price $28.80 Est. Cost/Share $46.03 Unrealized @ Report Date —

— RESTORATION HARDWARE HLDGS I 2.7%

Value $3.183M Shares 3,000,000 Share Price $1.06 Est. Cost/Share $1.06 Unrealized @ Report Date —

— SEACOR HOLDINGS INC 2.6%

Value $3.035M Shares 3,080,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— SOUTH JERSEY INDS INC 2.4%

Value $2.826M Shares 67,956 Share Price $41.59 Est. Cost/Share $49.06 Unrealized @ Report Date —

— TESLA INC 2.4%

Value $2.822M Shares 1,800,000 Share Price $1.57 Est. Cost/Share $1.57 Unrealized @ Report Date —

— RINGCENTRAL INC 2.1%

Value $2.519M Shares 1,007,000 Share Price $2.50 Est. Cost/Share $2.50 Unrealized @ Report Date —

— FORTIVE CORP 1.6%

Value $1.835M Shares 2,550 Share Price $719.61 Est. Cost/Share $862.66 Unrealized @ Report Date —

— ON SEMICONDUCTOR CORP 1.3%

Value $1.585M Shares 1,593,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— CROWN CASTLE INTL CORP NEW 1.0%

Value $1.125M Shares 900 Share Price $1250.00 Est. Cost/Share $1262.22 Unrealized @ Report Date —

— CALAMP CORP 0.5%

Value $594K Shares 602,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— BECTON DICKINSON & CO 0.2%

Value $199K Shares 3,800 Share Price $52.37 Est. Cost/Share $61.90 Unrealized @ Report Date —

— U S WELL SVCS INC 0.1%

Value $153K Shares 509,337 Share Price $0.30 Est. Cost/Share $7.98 Unrealized @ Report Date —

RBB RBB BANCORP 0.1%

Value $148K Shares 10,777 Share Price $13.73 Est. Cost/Share $17.91 Unrealized @ Report Date -23.4%

— STERLING BANCORP DEL 0.1%

Value $141K Shares 13,500 Share Price $10.44 Est. Cost/Share $10.44 Unrealized @ Report Date —

UBSI UNITED BANKSHARES INC WEST V 0.0%

Value $14,000 Shares 601 Share Price $23.29 Est. Cost/Share $31.40 Unrealized @ Report Date -26.5%

HIMX HIMAX TECHNOLOGIES INC 0.0%

Value $1,000 Shares 411 Share Price $2.43 * Est. Cost/Share $3.76 Unrealized @ Report Date -27.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	ALLSCRIPTS HEALTHCARE SOLUTN	17,099,000	$16.5M	13.9%	$0.96	$0.96	—	NOTE 1.250% 7/0	01988PAD0
—	NOVELLUS SYS INC	1,920,000	$14.43M	12.2%	$7.51	$9.04	—	NOTE 2.625% 5/1	670008AD3
—	PENNYMAC CORP	12,640,000	$12.21M	10.3%	$0.97	$1.01	—	NOTE 5.375% 5/0	70932AAB9
—	PRICELINE GRP INC	10,000,000	$11.05M	9.3%	$1.11	$1.11	—	NOTE 0.350% 6/1	741503AS5
—	RENEWABLE ENERGY GROUP INC	5,500,000	$11.05M	9.3%	$2.01	$2.01	—	NOTE 4.000% 6/1	75972AAC7
—	VECTOR GROUP LTD	10,216,000	$10.04M	8.5%	$0.98	$1.02	—	FRNT 4/1	92240MBC1
—	PORTFOLIO RECOVERY ASSOCS IN	7,945,000	$7.711M	6.5%	$0.97	$0.97	—	NOTE 3.000% 8/0	73640QAB1
—	CTRIP COM INTL LTD	6,365,000	$6.206M	5.2%	$0.98	$0.98	—	NOTE 1.000% 7/0	22943FAF7
—	ECHO GLOBAL LOGISTICS INC	4,965,000	$4.974M	4.2%	$1.00	$1.00	—	NOTE 2.500% 5/0	27875TAA9
—	CENTERPOINT ENERGY INC	139,843	$4.027M	3.4%	$28.80	$46.03	—	DEP RP PFD CV B	15189T503
—	RESTORATION HARDWARE HLDGS I	3,000,000	$3.183M	2.7%	$1.06	$1.06	—	DBCV 7/1	761283AC4
—	SEACOR HOLDINGS INC	3,080,000	$3.035M	2.6%	$0.99	$0.98	—	NOTE 3.000%11/1	81170YAB5
—	SOUTH JERSEY INDS INC	67,956	$2.826M	2.4%	$41.59	$49.06	—	UNIT 99/99/9999	838518116
—	TESLA INC	1,800,000	$2.822M	2.4%	$1.57	$1.57	—	NOTE 1.250% 3/0	88160RAC5
—	RINGCENTRAL INC	1,007,000	$2.519M	2.1%	$2.50	$2.50	—	NOTE 3/1	76680RAD9
—	FORTIVE CORP	2,550	$1.835M	1.6%	$719.61	$862.66	—	5% PFD CNV SER A	34959J207
—	ON SEMICONDUCTOR CORP	1,593,000	$1.585M	1.3%	$0.99	$0.99	—	NOTE 1.000%12/0	682189AK1
—	CROWN CASTLE INTL CORP NEW	900	$1.125M	1.0%	$1250.00	$1262.22	—	6.875% CON PFD A	22822V309
—	CALAMP CORP	602,000	$594K	0.5%	$0.99	$0.99	—	NOTE 1.625% 5/1	128126AB5
—	BECTON DICKINSON & CO	3,800	$199K	0.2%	$52.37	$61.90	—	PFD SHS CONV A	075887208
—	U S WELL SVCS INC	509,337	$153K	0.1%	$0.30	$7.98	—	CL A	91274U101
RBB	RBB BANCORP	10,777	$148K	0.1%	$13.73	$17.91	-23.4%	COM	74930B105
—	STERLING BANCORP DEL	13,500	$141K	0.1%	$10.44	$10.44	—	COM	85917A100
UBSI	UNITED BANKSHARES INC WEST V	601	$14,000	0.0%	$23.29	$31.40	-26.5%	COM	909907107
HIMX	HIMAX TECHNOLOGIES INC	411	$1,000	0.0%	$2.43 *	$3.76	-27.2%	SPONSORED ADR	43289P106