PIPER SANDLER & CO. Quant / Systematic

Location: Minneapolis, MN

CIK: 0000724683 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Nov 14, 2022

Total Value: $124M (8.6% shares, 91.4% debt)

Holdings (39)

— ELEVANCE HEALTH INC 25.5%

Value $31.57M Shares 4,883,000 Share Price $6.46 Est. Cost/Share $6.46 Unrealized @ Report Date —

— ATLAS AIR WORLDWIDE HLDGS IN 9.4%

Value $11.64M Shares 7,250,000 Share Price $1.61 Est. Cost/Share $1.61 Unrealized @ Report Date —

— TERADYNE INC 7.2%

Value $8.954M Shares 4,000,000 Share Price $2.24 Est. Cost/Share $2.59 Unrealized @ Report Date —

— ARBOR REALTY TRUST INC 6.2%

Value $7.623M Shares 7,745,000 Share Price $0.98 Est. Cost/Share $0.99 Unrealized @ Report Date —

— BLACKSTONE MORTGAGE TRUST IN 6.2%

Value $7.616M Shares 7,722,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— DTE ENERGY CO 5.9%

Value $7.286M Shares 145,319 Share Price $50.14 Est. Cost/Share $51.31 Unrealized @ Report Date —

— NOVAVAX INC 5.7%

Value $7.07M Shares 7,233,000 Share Price $0.98 Est. Cost/Share $0.99 Unrealized @ Report Date —

— HOPE BANCORP INC 5.7%

Value $7.067M Shares 7,415,000 Share Price $0.95 Est. Cost/Share $0.96 Unrealized @ Report Date —

— STARWOOD PPTY TR INC 5.2%

Value $6.423M Shares 6,626,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— WEIBO CORP 4.7%

Value $5.842M Shares 5,916,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— DIGITALBRIDGE GROUP INC 4.4%

Value $5.429M Shares 5,514,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— KKR REAL ESTATE FIN TR INC 4.2%

Value $5.223M Shares 5,289,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— SUPERNUS PHARMACEUTICALS 2.6%

Value $3.201M Shares 3,300,000 Share Price $0.97 Est. Cost/Share $0.96 Unrealized @ Report Date —

— NUTANIX INC 1.5%

Value $1.819M Shares 1,888,000 Share Price $0.96 Est. Cost/Share $0.96 Unrealized @ Report Date —

— H WORLD GROUP LTD 1.2%

Value $1.471M Shares 1,500,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— ILLUMINA INC 1.0%

Value $1.232M Shares 1,290,000 Share Price $0.96 Est. Cost/Share $0.96 Unrealized @ Report Date —

— HARPOON THERAPEUTICS INC 0.5%

Value $563K Shares 580,815 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— INNOVIVA INC 0.4%

Value $491K Shares 500,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— ATLANTIC AVE ACQUISITION COR 0.2%

Value $251K Shares 25,000 Share Price $10.04 Est. Cost/Share $9.88 Unrealized @ Report Date —

SLAMF SLAM CORP 0.2%

Value $249K Shares 25,100 Share Price $9.92 Est. Cost/Share $9.74 Unrealized @ Report Date +1.3%

— HEALTHCARE SERVICES ACQU COR 0.2%

Value $249K Shares 25,000 Share Price $9.96 Est. Cost/Share $9.80 Unrealized @ Report Date —

— ABG ACQUISITION CORP I 0.2%

Value $248K Shares 25,000 Share Price $9.92 Est. Cost/Share $9.80 Unrealized @ Report Date —

Value $247K Shares 25,003 Share Price $9.88 Est. Cost/Share $9.80 Unrealized @ Report Date —

— LERER HIPPEAU ACQUISITION CO 0.2%

Value $246K Shares 25,026 Share Price $9.83 Est. Cost/Share $9.75 Unrealized @ Report Date —

— COLOMBIER ACQUISITION CORP 0.2%

Value $244K Shares 25,000 Share Price $9.76 Est. Cost/Share $9.68 Unrealized @ Report Date —

— DA32 LIFE SCNCE TEC ACQSTN C 0.2%

Value $243K Shares 25,003 Share Price $9.72 Est. Cost/Share $9.76 Unrealized @ Report Date —

— VECTOR ACQUISITION CORP II 0.1%

Value $168K Shares 16,888 Share Price $9.95 Est. Cost/Share $9.77 Unrealized @ Report Date —

— VEECO INSTRS INC DEL 0.1%

Value $158K Shares 160,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

OPFI OPPFI INC 0.1%

Value $137K Shares 59,438 Share Price $2.30 Est. Cost/Share $4.24 Unrealized @ Report Date -45.7%

— US WELL SERVICES INC 0.1%

Value $123K Shares 24,255 Share Price $5.07 Est. Cost/Share $5.07 Unrealized @ Report Date —

STTK SHATTUCK LABS INC 0.1%

Value $107K Shares 39,467 Share Price $2.71 Est. Cost/Share $27.08 Unrealized @ Report Date -90.0%

— REDWOOD TRUST INC 0.1%

Value $98,000 Shares 100,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— NEW RELIC INC 0.0%

Value $60,000 Shares 62,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— FINTECH EVOLUTION ACQUIS GRO 0.0%

Value $57,000 Shares 5,705 Share Price $9.99 Est. Cost/Share $9.82 Unrealized @ Report Date —

— BCLS ACQUISITION CORP 0.0%

Value $56,000 Shares 5,603 Share Price $9.99 Est. Cost/Share $9.82 Unrealized @ Report Date —

— BITE ACQUISITION CORP 0.0%

Value $51,000 Shares 5,200 Share Price $9.81 Est. Cost/Share $9.81 Unrealized @ Report Date —

REEWF CARTESIAN GROWTH CORP II 0.0%

Value $40,000 Shares 402,500 Share Price $0.10 Est. Cost/Share $0.12 Unrealized @ Report Date —

OPFI/WS OPPFI INC 0.0%

Value $7,000 Shares 29,719 Share Price $0.24 Est. Cost/Share $0.50 Unrealized @ Report Date —

FTCHQ FARFETCH LTD 0.0%

Value $0 Shares 17 Share Price $0.00 Est. Cost/Share $8.88 Unrealized @ Report Date -16.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	ELEVANCE HEALTH INC	4,883,000	$31.57M	25.5%	$6.46	$6.46	—	NOTE 2.750%10/1	94973VBG1
—	ATLAS AIR WORLDWIDE HLDGS IN	7,250,000	$11.64M	9.4%	$1.61	$1.61	—	NOTE 1.875% 6/0	049164BJ4
—	TERADYNE INC	4,000,000	$8.954M	7.2%	$2.24	$2.59	—	NOTE 1.250%12/1	880770AG7
—	ARBOR REALTY TRUST INC	7,745,000	$7.623M	6.2%	$0.98	$0.99	—	NOTE 4.750%11/0	038923AP3
—	BLACKSTONE MORTGAGE TRUST IN	7,722,000	$7.616M	6.2%	$0.99	$0.98	—	NOTE 4.750% 3/1	09257WAC4
—	DTE ENERGY CO	145,319	$7.286M	5.9%	$50.14	$51.31	—	UNIT 11/01/2022	233331842
—	NOVAVAX INC	7,233,000	$7.07M	5.7%	$0.98	$0.99	—	NOTE 3.750% 2/0	670002AB0
—	HOPE BANCORP INC	7,415,000	$7.067M	5.7%	$0.95	$0.96	—	NOTE 2.000% 5/1	43940TAB5
—	STARWOOD PPTY TR INC	6,626,000	$6.423M	5.2%	$0.97	$0.97	—	NOTE 4.375% 4/0	85571BAH8
—	WEIBO CORP	5,916,000	$5.842M	4.7%	$0.99	$0.98	—	NOTE 1.250%11/1	948596AC5
—	DIGITALBRIDGE GROUP INC	5,514,000	$5.429M	4.4%	$0.98	$0.98	—	NOTE 5.000% 4/1	19624RAA4
—	KKR REAL ESTATE FIN TR INC	5,289,000	$5.223M	4.2%	$0.99	$0.98	—	NOTE 6.125% 5/1	48251KAB6
—	SUPERNUS PHARMACEUTICALS	3,300,000	$3.201M	2.6%	$0.97	$0.96	—	NOTE 0.625% 4/0	868459AD0
—	NUTANIX INC	1,888,000	$1.819M	1.5%	$0.96	$0.96	—	NOTE 1/1	67059NAB4
—	H WORLD GROUP LTD	1,500,000	$1.471M	1.2%	$0.98	$0.98	—	NOTE 0.375%11/0	16949NAC3
—	ILLUMINA INC	1,290,000	$1.232M	1.0%	$0.96	$0.96	—	NOTE 8/1	452327AK5
—	HARPOON THERAPEUTICS INC	580,815	$563K	0.5%	$0.97	$0.97	—	COM	41358P106
—	INNOVIVA INC	500,000	$491K	0.4%	$0.98	$0.98	—	NOTE 2.125% 1/1	88338TAB0
—	ATLANTIC AVE ACQUISITION COR	25,000	$251K	0.2%	$10.04	$9.88	—	COM CL A	04906P101
SLAMF	SLAM CORP	25,100	$249K	0.2%	$9.92	$9.74	+1.3%	CL A SHS	G8210L105
—	HEALTHCARE SERVICES ACQU COR	25,000	$249K	0.2%	$9.96	$9.80	—	COM CL A	42227K104
—	ABG ACQUISITION CORP I	25,000	$248K	0.2%	$9.92	$9.80	—	CL A SHS	G00496102
—	TWO	25,003	$247K	0.2%	$9.88	$9.80	—	COM CL A	G9152V101
—	LERER HIPPEAU ACQUISITION CO	25,026	$246K	0.2%	$9.83	$9.75	—	CL A	526749106
—	COLOMBIER ACQUISITION CORP	25,000	$244K	0.2%	$9.76	$9.68	—	CL A	19533H108
—	DA32 LIFE SCNCE TEC ACQSTN C	25,003	$243K	0.2%	$9.72	$9.76	—	CLASS A COM	23312M106
—	VECTOR ACQUISITION CORP II	16,888	$168K	0.1%	$9.95	$9.77	—	CL A SHS	G9460A104
—	VEECO INSTRS INC DEL	160,000	$158K	0.1%	$0.99	$0.99	—	NOTE 2.700% 1/1	922417AD2
OPFI	OPPFI INC	59,438	$137K	0.1%	$2.30	$4.24	-45.7%	COM CL A	68386H103
—	US WELL SERVICES INC	24,255	$123K	0.1%	$5.07	$5.07	—	CL A NEW 2022	91274U309
STTK	SHATTUCK LABS INC	39,467	$107K	0.1%	$2.71	$27.08	-90.0%	COM	82024L103
—	REDWOOD TRUST INC	100,000	$98,000	0.1%	$0.98	$0.98	—	NOTE 4.750% 8/1	758075AC9
—	NEW RELIC INC	62,000	$60,000	0.0%	$0.97	$0.97	—	NOTE 0.500% 5/0	64829BAB6
—	FINTECH EVOLUTION ACQUIS GRO	5,705	$57,000	0.0%	$9.99	$9.82	—	SHS CL A	G3R19A104
—	BCLS ACQUISITION CORP	5,603	$56,000	0.0%	$9.99	$9.82	—	COM CL A	G0904B105
—	BITE ACQUISITION CORP	5,200	$51,000	0.0%	$9.81	$9.81	—	COMMON STOCK	09175K105
REEWF	CARTESIAN GROWTH CORP II	402,500	$40,000	0.0%	$0.10	$0.12	—	*W EXP 07/12/202	G19305120
OPFI/WS	OPPFI INC	29,719	$7,000	0.0%	$0.24	$0.50	—	*W EXP 07/20/202	68386H111
FTCHQ	FARFETCH LTD	17	$0	0.0%	$0.00	$8.88	-16.1%	ORD SH CL A	30744W107