PIPER SANDLER & CO. Quant / Systematic

CIK: 0000724683 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 24, 2023

Total Value ($000): $96,553 (2.1% shares, 97.9% debt)

Holdings (34)

— NOVAVAX INC 20.3%

Value ($000) $19,588 Shares 19,748,000 Est. Cost $0.99 Unrealized —

— ATLAS AIR WORLDWIDE HLDGS IN 12.5%

Value ($000) $12,098 Shares 7,250,000 Est. Cost $1.61 Unrealized —

— KKR REAL ESTATE FIN TR INC 11.3%

Value ($000) $10,957 Shares 11,164,000 Est. Cost $0.98 Unrealized —

— BLACKSTONE MORTGAGE TRUST IN 10.0%

Value ($000) $9,647 Shares 9,838,000 Est. Cost $0.98 Unrealized —

— HOPE BANCORP INC 8.0%

Value ($000) $7,737 Shares 7,919,000 Est. Cost $0.96 Unrealized —

— STARWOOD PPTY TR INC 6.7%

Value ($000) $6,436 Shares 6,639,000 Est. Cost $0.97 Unrealized —

— DIGITALBRIDGE GROUP INC 6.3%

Value ($000) $6,091 Shares 6,184,000 Est. Cost $0.98 Unrealized —

— INNOVIVA INC 4.4%

Value ($000) $4,228 Shares 4,233,000 Est. Cost $1.00 Unrealized —

— SUPERNUS PHARMACEUTICALS 4.2%

Value ($000) $4,023 Shares 4,095,000 Est. Cost $0.97 Unrealized —

— APOLLO COML REAL ESTATE FIN 3.4%

Value ($000) $3,257 Shares 3,349,000 Est. Cost $0.97 Unrealized —

— TERADYNE INC 3.0%

Value ($000) $2,852 Shares 1,352,000 Est. Cost $2.59 Unrealized —

— ELEVANCE HEALTH INC 2.4%

Value ($000) $2,351 Shares 350,000 Est. Cost $6.46 Unrealized —

— NUTANIX INC 1.9%

Value ($000) $1,873 Shares 1,902,000 Est. Cost $0.96 Unrealized —

— ILLUMINA INC 1.3%

Value ($000) $1,246 Shares 1,290,000 Est. Cost $0.96 Unrealized —

— INTERCEPT PHARMACEUTICALS IN 1.2%

Value ($000) $1,139 Shares 1,162,000 Est. Cost $0.98 Unrealized —

— PATRICK INDS INC 0.4%

Value ($000) $419 Shares 423,000 Est. Cost $0.99 Unrealized —

SLAMF SLAM CORP 0.3%

Value ($000) $254 Shares 25,100 Est. Cost $9.74 Unrealized +2.7%

— ABG ACQUISITION CORP I 0.3%

Value ($000) $252 Shares 25,000 Est. Cost $9.80 Unrealized —

Value ($000) $252 Shares 25,003 Est. Cost $9.80 Unrealized —

— COLOMBIER ACQUISITION CORP 0.3%

Value ($000) $249 Shares 25,000 Est. Cost $9.68 Unrealized —

— DA32 LIFE SCNCE TEC ACQSTN C 0.3%

Value ($000) $248 Shares 25,003 Est. Cost $9.76 Unrealized —

— TILRAY BRANDS INC 0.2%

Value ($000) $231 Shares 235,000 Est. Cost $0.98 Unrealized —

ACDC PROFRAC HLDG CORP 0.2%

Value ($000) $206 Shares 8,164 Est. Cost $22.09 Unrealized 0.0%

— VEECO INSTRS INC DEL 0.2%

Value ($000) $196 Shares 199,000 Est. Cost $0.99 Unrealized —

— VECTOR ACQUISITION CORP II 0.2%

Value ($000) $171 Shares 16,888 Est. Cost $9.77 Unrealized —

OPFI OPPFI INC 0.1%

Value ($000) $122 Shares 59,438 Est. Cost $4.24 Unrealized -46.8%

— REDWOOD TRUST INC 0.1%

Value ($000) $99 Shares 100,000 Est. Cost $0.98 Unrealized —

STTK SHATTUCK LABS INC 0.1%

Value ($000) $91 Shares 39,467 Est. Cost $27.08 Unrealized -90.8%

REEWF CARTESIAN GROWTH CORP II 0.1%

Value ($000) $91 Shares 402,500 Est. Cost $0.12 Unrealized —

— NEW RELIC INC 0.1%

Value ($000) $70 Shares 72,000 Est. Cost $0.97 Unrealized —

— FINTECH EVOLUTION ACQUIS GRO 0.1%

Value ($000) $58 Shares 5,705 Est. Cost $9.82 Unrealized —

— LIGAND PHARMACEUTICALS INC 0.0%

Value ($000) $13 Shares 13,000 Est. Cost $0.97 Unrealized —

— SILK RD MED INC 0.0%

Value ($000) $8 Shares 146 Est. Cost $52.85 Unrealized —

OPFI/WS OPPFI INC 0.0%

Value ($000) $3 Shares 29,719 Est. Cost $0.50 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	NOVAVAX INC	19,748,000	$19,588	20.3%	$0.99	—	NOTE 3.750% 2/0	670002AB0
—	ATLAS AIR WORLDWIDE HLDGS IN	7,250,000	$12,098	12.5%	$1.61	—	NOTE 1.875% 6/0	049164BJ4
—	KKR REAL ESTATE FIN TR INC	11,164,000	$10,957	11.3%	$0.98	—	NOTE 6.125% 5/1	48251KAB6
—	BLACKSTONE MORTGAGE TRUST IN	9,838,000	$9,647	10.0%	$0.98	—	NOTE 4.750% 3/1	09257WAC4
—	HOPE BANCORP INC	7,919,000	$7,737	8.0%	$0.96	—	NOTE 2.000% 5/1	43940TAB5
—	STARWOOD PPTY TR INC	6,639,000	$6,436	6.7%	$0.97	—	NOTE 4.375% 4/0	85571BAH8
—	DIGITALBRIDGE GROUP INC	6,184,000	$6,091	6.3%	$0.98	—	NOTE 5.000% 4/1	19624RAA4
—	INNOVIVA INC	4,233,000	$4,228	4.4%	$1.00	—	NOTE 2.125% 1/1	88338TAB0
—	SUPERNUS PHARMACEUTICALS	4,095,000	$4,023	4.2%	$0.97	—	NOTE 0.625% 4/0	868459AD0
—	APOLLO COML REAL ESTATE FIN	3,349,000	$3,257	3.4%	$0.97	—	NOTE 5.375%10/1	03762UAC9
—	TERADYNE INC	1,352,000	$2,852	3.0%	$2.59	—	NOTE 1.250%12/1	880770AG7
—	ELEVANCE HEALTH INC	350,000	$2,351	2.4%	$6.46	—	NOTE 2.750%10/1	94973VBG1
—	NUTANIX INC	1,902,000	$1,873	1.9%	$0.96	—	NOTE 1/1	67059NAB4
—	ILLUMINA INC	1,290,000	$1,246	1.3%	$0.96	—	NOTE 8/1	452327AK5
—	INTERCEPT PHARMACEUTICALS IN	1,162,000	$1,139	1.2%	$0.98	—	NOTE 3.250% 7/0	45845PAA6
—	PATRICK INDS INC	423,000	$419	0.4%	$0.99	—	DBCV 1.000% 2/0	703343AB9
SLAMF	SLAM CORP	25,100	$254	0.3%	$9.74	+2.7%	CL A SHS	G8210L105
—	ABG ACQUISITION CORP I	25,000	$252	0.3%	$9.80	—	CL A SHS	G00496102
—	TWO	25,003	$252	0.3%	$9.80	—	COM CL A	G9152V101
—	COLOMBIER ACQUISITION CORP	25,000	$249	0.3%	$9.68	—	CL A	19533H108
—	DA32 LIFE SCNCE TEC ACQSTN C	25,003	$248	0.3%	$9.76	—	CLASS A COM	23312M106
—	TILRAY BRANDS INC	235,000	$231	0.2%	$0.98	—	NOTE 5.000%10/0	88688TAB6
ACDC	PROFRAC HLDG CORP	8,164	$206	0.2%	$22.09	0.0%	CLASS A COM	74319N100
—	VEECO INSTRS INC DEL	199,000	$196	0.2%	$0.99	—	NOTE 2.700% 1/1	922417AD2
—	VECTOR ACQUISITION CORP II	16,888	$171	0.2%	$9.77	—	CL A SHS	G9460A104
OPFI	OPPFI INC	59,438	$122	0.1%	$4.24	-46.8%	COM CL A	68386H103
—	REDWOOD TRUST INC	100,000	$99	0.1%	$0.98	—	NOTE 4.750% 8/1	758075AC9
STTK	SHATTUCK LABS INC	39,467	$91	0.1%	$27.08	-90.8%	COM	82024L103
REEWF	CARTESIAN GROWTH CORP II	402,500	$91	0.1%	$0.12	—	*W EXP 07/12/202	G19305120
—	NEW RELIC INC	72,000	$70	0.1%	$0.97	—	NOTE 0.500% 5/0	64829BAB6
—	FINTECH EVOLUTION ACQUIS GRO	5,705	$58	0.1%	$9.82	—	SHS CL A	G3R19A104
—	LIGAND PHARMACEUTICALS INC	13,000	$13	0.0%	$0.97	—	NOTE 0.750% 5/1	53220KAF5
—	SILK RD MED INC	146	$8	0.0%	$52.85	—	COM	82710M100
OPFI/WS	OPPFI INC	29,719	$3	0.0%	$0.50	—	*W EXP 07/20/202	68386H111