PIPER SANDLER & CO. Quant / Systematic

CIK: 0000724683 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 11, 2023

Total Value ($000): $146,061 (3.0% shares, 97.0% debt)

Holdings (30)

— HOPE BANCORP INC 11.5%

Value ($000) $16,772 Shares 17,335,000 Est. Cost $0.96 Unrealized —

— DIGITALBRIDGE GROUP INC 11.5%

Value ($000) $16,754 Shares 16,754,000 Est. Cost $0.99 Unrealized —

— SILICON LABORATORIES INC 10.2%

Value ($000) $14,957 Shares 10,000,000 Est. Cost $1.50 Unrealized —

— IQIYI INC 10.1%

Value ($000) $14,689 Shares 14,689,000 Est. Cost $1.00 Unrealized —

— KKR REAL ESTATE FIN TR INC 9.0%

Value ($000) $13,114 Shares 13,246,000 Est. Cost $0.98 Unrealized —

— PURE STORAGE INC 6.8%

Value ($000) $9,975 Shares 10,000,000 Est. Cost $1.00 Unrealized —

— APOLLO COML REAL ESTATE FIN 6.6%

Value ($000) $9,681 Shares 9,993,000 Est. Cost $0.97 Unrealized —

— WESTERN DIGITAL CORP. 5.9%

Value ($000) $8,682 Shares 8,982,000 Est. Cost $0.97 Unrealized —

— TERADYNE INC 4.9%

Value ($000) $7,147 Shares 2,300,000 Est. Cost $2.80 Unrealized —

— SUPERNUS PHARMACEUTICALS 4.6%

Value ($000) $6,694 Shares 6,695,000 Est. Cost $0.98 Unrealized —

— TILRAY BRANDS INC 3.3%

Value ($000) $4,882 Shares 4,962,000 Est. Cost $0.98 Unrealized —

— REDWOOD TRUST INC 3.3%

Value ($000) $4,865 Shares 5,003,000 Est. Cost $0.97 Unrealized —

— SPLUNK INC 3.2%

Value ($000) $4,639 Shares 4,757,000 Est. Cost $0.98 Unrealized —

— NICE SYS INC 2.5%

Value ($000) $3,699 Shares 1,535,000 Est. Cost $2.41 Unrealized —

— HERBALIFE NUTRITION LTD 1.9%

Value ($000) $2,843 Shares 3,000,000 Est. Cost $0.95 Unrealized —

HOPE HOPE BANCORP INC 1.9%

Value ($000) $2,836 Shares 288,800 Est. Cost — Unrealized —

— INTERCEPT PHARMACEUTICALS IN 0.8%

Value ($000) $1,160 Shares 1,162,000 Est. Cost $0.98 Unrealized —

— ILLUMINA INC 0.7%

Value ($000) $1,014 Shares 1,040,000 Est. Cost $0.96 Unrealized —

— BECTON DICKINSON & CO 0.2%

Value ($000) $274 Shares 5,510 Est. Cost $49.72 Unrealized —

Value ($000) $256 Shares 25,003 Est. Cost $9.80 Unrealized —

— COLOMBIER ACQUISITION CORP 0.2%

Value ($000) $253 Shares 25,000 Est. Cost $9.68 Unrealized —

— DA32 LIFE SCNCE TEC ACQSTN C 0.2%

Value ($000) $253 Shares 25,003 Est. Cost $9.76 Unrealized —

OPFI OPPFI INC 0.1%

Value ($000) $122 Shares 59,438 Est. Cost $4.24 Unrealized -50.4%

STTK SHATTUCK LABS INC 0.1%

Value ($000) $116 Shares 39,467 Est. Cost $27.08 Unrealized -86.9%

— NEW RELIC INC 0.1%

Value ($000) $109 Shares 110,000 Est. Cost $0.98 Unrealized —

ACDC PROFRAC HLDG CORP 0.1%

Value ($000) $103 Shares 8,164 Est. Cost $22.09 Unrealized -11.9%

— LIGAND PHARMACEUTICALS INC 0.0%

Value ($000) $72 Shares 73,000 Est. Cost $0.99 Unrealized —

REEWF CARTESIAN GROWTH CORP II 0.0%

Value ($000) $64 Shares 402,500 Est. Cost $0.12 Unrealized —

ISTR INVESTAR HLDG CORP 0.0%

Value ($000) $31 Shares 2,222 Est. Cost $19.27 Unrealized 0.0%

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
—	HOPE BANCORP INC	17,335,000	$16,772	11.5%	$0.96	—	NOTE 2.000% 5/1	43940TAB5
—	DIGITALBRIDGE GROUP INC	16,754,000	$16,754	11.5%	$0.99	—	NOTE 5.000% 4/1	19624RAA4
—	SILICON LABORATORIES INC	10,000,000	$14,957	10.2%	$1.50	—	NOTE 0.625% 6/1	826919AD4
—	IQIYI INC	14,689,000	$14,689	10.1%	$1.00	—	NOTE 2.000% 4/0	46267XAD0
—	KKR REAL ESTATE FIN TR INC	13,246,000	$13,114	9.0%	$0.98	—	NOTE 6.125% 5/1	48251KAB6
—	PURE STORAGE INC	10,000,000	$9,975	6.8%	$1.00	—	NOTE 0.125% 4/1	74624MAB8
—	APOLLO COML REAL ESTATE FIN	9,993,000	$9,681	6.6%	$0.97	—	NOTE 5.375%10/1	03762UAC9
—	WESTERN DIGITAL CORP.	8,982,000	$8,682	5.9%	$0.97	—	NOTE 1.500% 2/0	958102AP0
—	TERADYNE INC	2,300,000	$7,147	4.9%	$2.80	—	NOTE 1.250%12/1	880770AG7
—	SUPERNUS PHARMACEUTICALS	6,695,000	$6,694	4.6%	$0.98	—	NOTE 0.625% 4/0	868459AD0
—	TILRAY BRANDS INC	4,962,000	$4,882	3.3%	$0.98	—	NOTE 5.000%10/0	88688TAB6
—	REDWOOD TRUST INC	5,003,000	$4,865	3.3%	$0.97	—	NOTE 4.750% 8/1	758075AC9
—	SPLUNK INC	4,757,000	$4,639	3.2%	$0.98	—	NOTE 0.500% 9/1	848637AC8
—	NICE SYS INC	1,535,000	$3,699	2.5%	$2.41	—	NOTE 1.250% 1/1	65366HAB9
—	HERBALIFE NUTRITION LTD	3,000,000	$2,843	1.9%	$0.95	—	NOTE 2.625% 3/1	42703MAD5
HOPE	HOPE BANCORP INC	288,800	$2,836	1.9%	—	—	Put	43940T109
—	INTERCEPT PHARMACEUTICALS IN	1,162,000	$1,160	0.8%	$0.98	—	NOTE 3.250% 7/0	45845PAA6
—	ILLUMINA INC	1,040,000	$1,014	0.7%	$0.96	—	NOTE 8/1	452327AK5
—	BECTON DICKINSON & CO	5,510	$274	0.2%	$49.72	—	6% DP CONV PFD B	075887406
—	TWO	25,003	$256	0.2%	$9.80	—	COM CL A	G9152V101
—	COLOMBIER ACQUISITION CORP	25,000	$253	0.2%	$9.68	—	CL A	19533H108
—	DA32 LIFE SCNCE TEC ACQSTN C	25,003	$253	0.2%	$9.76	—	CLASS A COM	23312M106
OPFI	OPPFI INC	59,438	$122	0.1%	$4.24	-50.4%	COM CL A	68386H103
STTK	SHATTUCK LABS INC	39,467	$116	0.1%	$27.08	-86.9%	COM	82024L103
—	NEW RELIC INC	110,000	$109	0.1%	$0.98	—	NOTE 0.500% 5/0	64829BAB6
ACDC	PROFRAC HLDG CORP	8,164	$103	0.1%	$22.09	-11.9%	CLASS A COM	74319N100
—	LIGAND PHARMACEUTICALS INC	73,000	$72	0.0%	$0.99	—	NOTE 0.750% 5/1	53220KAF5
REEWF	CARTESIAN GROWTH CORP II	402,500	$64	0.0%	$0.12	—	*W EXP 07/12/202	G19305120
ISTR	INVESTAR HLDG CORP	2,222	$31	0.0%	$19.27	0.0%	COM	46134L105
OPFI/WS	OPPFI INC	29,719	$3	0.0%	$0.50	—	*W EXP 07/20/202	68386H111