PIPER SANDLER & CO. Quant / Systematic

Location: Minneapolis, MN

CIK: 0000724683 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 10, 2023

Total Value: $93.65M (9.3% shares, 90.7% debt)

Holdings (21)

— PIONEER NAT RES CO 33.0%

Value $30.86M Shares 14,488,000 Share Price $2.13 Est. Cost/Share $2.13 Unrealized @ Report Date —

— WESTERN DIGITAL CORP. 12.7%

Value $11.94M Shares 12,311,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— KBR INC 10.9%

Value $10.25M Shares 4,000,000 Share Price $2.56 Est. Cost/Share $2.56 Unrealized @ Report Date —

— APOLLO COML REAL ESTATE FIN 10.6%

Value $9.899M Shares 9,993,000 Share Price $0.99 Est. Cost/Share $0.97 Unrealized @ Report Date —

— REDWOOD TRUST INC 7.0%

Value $6.591M Shares 6,666,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— TILRAY BRANDS INC 5.2%

Value $4.887M Shares 4,962,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— AMERICAN ELEC PWR CO INC 4.2%

Value $3.922M Shares 78,947 Share Price $49.68 Est. Cost/Share $49.68 Unrealized @ Report Date —

— NEXTERA ENERGY INC 4.2%

Value $3.914M Shares 79,831 Share Price $49.03 Est. Cost/Share $49.03 Unrealized @ Report Date —

— HELLO GROUP INC 4.1%

Value $3.812M Shares 3,891,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— HERBALIFE LTD 3.1%

Value $2.905M Shares 3,000,000 Share Price $0.97 Est. Cost/Share $0.95 Unrealized @ Report Date —

— SPLUNK INC 2.9%

Value $2.725M Shares 2,757,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— ILLUMINA INC 1.1%

Value $1.033M Shares 1,040,000 Share Price $0.99 Est. Cost/Share $0.96 Unrealized @ Report Date —

— COLOMBIER ACQUISITION CORP 0.3%

Value $257K Shares 25,000 Share Price $10.27 Est. Cost/Share $9.68 Unrealized @ Report Date —

— DA32 LIFE SCNCE TEC ACQSTN C 0.3%

Value $257K Shares 25,003 Share Price $10.26 Est. Cost/Share $9.76 Unrealized @ Report Date —

STTK SHATTUCK LABS INC 0.1%

Value $123K Shares 39,467 Share Price $3.12 Est. Cost/Share $27.08 Unrealized @ Report Date -88.5%

OPFI OPPFI INC 0.1%

Value $121K Shares 59,438 Share Price $2.04 Est. Cost/Share $4.24 Unrealized @ Report Date -51.9%

ACDC PROFRAC HLDG CORP 0.1%

Value $91,110 Shares 8,164 Share Price $11.16 Est. Cost/Share $22.09 Unrealized @ Report Date -49.5%

REEWF CARTESIAN GROWTH CORP II 0.1%

Value $63,152 Shares 402,500 Share Price $0.16 Est. Cost/Share $0.12 Unrealized @ Report Date —

OPFI/WS OPPFI INC 0.0%

Value $2,080 Shares 29,719 Share Price $0.07 Est. Cost/Share $0.50 Unrealized @ Report Date —

NXRT NEXPOINT RESIDENTIAL TR INC 0.0%

Value $1,228 Shares 27 Share Price $45.48 Est. Cost/Share $45.48 Unrealized @ Report Date —

CNO CNO FINL GROUP INC 0.0%

Value $24 Shares 1 Share Price $24.00 * Est. Cost/Share $21.10 Unrealized @ Report Date +6.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	PIONEER NAT RES CO	14,488,000	$30.86M	33.0%	$2.13	$2.13	—	NOTE 0.250% 5/1	723787AP2
—	WESTERN DIGITAL CORP.	12,311,000	$11.94M	12.7%	$0.97	$0.97	—	NOTE 1.500% 2/0	958102AP0
—	KBR INC	4,000,000	$10.25M	10.9%	$2.56	$2.56	—	NOTE 2.500%11/0	48242WAB2
—	APOLLO COML REAL ESTATE FIN	9,993,000	$9.899M	10.6%	$0.99	$0.97	—	NOTE 5.375%10/1	03762UAC9
—	REDWOOD TRUST INC	6,666,000	$6.591M	7.0%	$0.99	$0.98	—	NOTE 4.750% 8/1	758075AC9
—	TILRAY BRANDS INC	4,962,000	$4.887M	5.2%	$0.98	$0.98	—	NOTE 5.000%10/0	88688TAB6
—	AMERICAN ELEC PWR CO INC	78,947	$3.922M	4.2%	$49.68	$49.68	—	UNIT 08/15/2023	02557T307
—	NEXTERA ENERGY INC	79,831	$3.914M	4.2%	$49.03	$49.03	—	UNIT 09/01/2023	65339F739
—	HELLO GROUP INC	3,891,000	$3.812M	4.1%	$0.98	$0.98	—	NOTE 1.250% 7/0	60879BAB3
—	HERBALIFE LTD	3,000,000	$2.905M	3.1%	$0.97	$0.95	—	NOTE 2.625% 3/1	42703MAD5
—	SPLUNK INC	2,757,000	$2.725M	2.9%	$0.99	$0.98	—	NOTE 0.500% 9/1	848637AC8
—	ILLUMINA INC	1,040,000	$1.033M	1.1%	$0.99	$0.96	—	NOTE 8/1	452327AK5
—	COLOMBIER ACQUISITION CORP	25,000	$257K	0.3%	$10.27	$9.68	—	CL A	19533H108
—	DA32 LIFE SCNCE TEC ACQSTN C	25,003	$257K	0.3%	$10.26	$9.76	—	CLASS A COM	23312M106
STTK	SHATTUCK LABS INC	39,467	$123K	0.1%	$3.12	$27.08	-88.5%	COM	82024L103
OPFI	OPPFI INC	59,438	$121K	0.1%	$2.04	$4.24	-51.9%	COM CL A	68386H103
ACDC	PROFRAC HLDG CORP	8,164	$91,110	0.1%	$11.16	$22.09	-49.5%	CLASS A COM	74319N100
REEWF	CARTESIAN GROWTH CORP II	402,500	$63,152	0.1%	$0.16	$0.12	—	*W EXP 07/12/202	G19305120
OPFI/WS	OPPFI INC	29,719	$2,080	0.0%	$0.07	$0.50	—	*W EXP 07/20/202	68386H111
NXRT	NEXPOINT RESIDENTIAL TR INC	27	$1,228	0.0%	$45.48	$45.48	—	COM	65341D102
CNO	CNO FINL GROUP INC	1	$24	0.0%	$24.00 *	$21.10	+6.8%	COM	12621E103