PIPER SANDLER & CO. Quant / Systematic

Location: Minneapolis, MN

CIK: 0000724683 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 12, 2024

Total Value: $132M (0.8% shares, 99.2% debt)

Holdings (20)

— TESLA INC 36.0%

Value $47.64M Shares 4,000,000 Share Price $11.91 Est. Cost/Share $11.91 Unrealized @ Report Date —

— NICE SYS INC 21.6%

Value $28.66M Shares 13,495,000 Share Price $2.12 Est. Cost/Share $2.12 Unrealized @ Report Date —

— WESTERN DIGITAL CORP. 15.3%

Value $20.27M Shares 20,355,000 Share Price $1.00 Est. Cost/Share $0.98 Unrealized @ Report Date —

— JAZZ INVESTMENTS I LTD 5.2%

Value $6.894M Shares 7,100,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— PENNYMAC CORP 3.9%

Value $5.168M Shares 5,314,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— MFA FINL INC 3.8%

Value $5.032M Shares 5,057,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— HERBALIFE LTD 3.4%

Value $4.459M Shares 4,520,000 Share Price $0.99 Est. Cost/Share $0.96 Unrealized @ Report Date —

— PIONEER NAT RES CO 3.3%

Value $4.406M Shares 1,805,000 Share Price $2.44 Est. Cost/Share $2.44 Unrealized @ Report Date —

— GREENBRIER COS INC 2.1%

Value $2.836M Shares 2,865,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— CHEGG INC 1.7%

Value $2.301M Shares 2,500,000 Share Price $0.92 Est. Cost/Share $0.92 Unrealized @ Report Date —

— KAMAN CORP 1.7%

Value $2.223M Shares 2,292,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— 8X8 INC NEW 1.1%

Value $1.481M Shares 1,500,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

SEI SOLARIS OILFIELD INFRASTRUCT 0.3%

Value $382K Shares 48,039 Share Price $7.96 * Est. Cost/Share $8.44 Unrealized @ Report Date -11.1%

OPFI OPPFI INC 0.2%

Value $304K Shares 59,438 Share Price $5.12 Est. Cost/Share $4.24 Unrealized @ Report Date +20.8%

STTK SHATTUCK LABS INC 0.2%

Value $281K Shares 39,467 Share Price $7.13 Est. Cost/Share $27.08 Unrealized @ Report Date -73.7%

ACDC PROFRAC HLDG CORP 0.1%

Value $69,231 Shares 8,164 Share Price $8.48 Est. Cost/Share $22.09 Unrealized @ Report Date -61.6%

REEWF CARTESIAN GROWTH CORP II 0.0%

Value $52,325 Shares 402,500 Share Price $0.13 Est. Cost/Share $0.12 Unrealized @ Report Date —

OPFI/WS OPPFI INC 0.0%

Value $11,590 Shares 29,719 Share Price $0.39 Est. Cost/Share $0.50 Unrealized @ Report Date —

PHVS PHARVARIS N V 0.0%

Value $5,077 Shares 181 Share Price $28.05 Est. Cost/Share $20.23 Unrealized @ Report Date +38.6%

— REDWOOD TRUST INC 0.0%

Value $4,900 Shares 5,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	TESLA INC	4,000,000	$47.64M	36.0%	$11.91	$11.91	—	NOTE 2.000% 5/1	88160RAG6
—	NICE SYS INC	13,495,000	$28.66M	21.6%	$2.12	$2.12	—	NOTE 1.250% 1/1	65366HAB9
—	WESTERN DIGITAL CORP.	20,355,000	$20.27M	15.3%	$1.00	$0.98	—	NOTE 1.500% 2/0	958102AP0
—	JAZZ INVESTMENTS I LTD	7,100,000	$6.894M	5.2%	$0.97	$0.97	—	NOTE 1.500% 8/1	472145AD3
—	PENNYMAC CORP	5,314,000	$5.168M	3.9%	$0.97	$0.97	—	NOTE 5.500%11/0	70932AAD5
—	MFA FINL INC	5,057,000	$5.032M	3.8%	$0.99	$0.99	—	NOTE 6.250% 6/1	55272XAA0
—	HERBALIFE LTD	4,520,000	$4.459M	3.4%	$0.99	$0.96	—	NOTE 2.625% 3/1	42703MAD5
—	PIONEER NAT RES CO	1,805,000	$4.406M	3.3%	$2.44	$2.44	—	NOTE 0.250% 5/1	723787AP2
—	GREENBRIER COS INC	2,865,000	$2.836M	2.1%	$0.99	$0.99	—	NOTE 2.875% 2/0	393657AK7
—	CHEGG INC	2,500,000	$2.301M	1.7%	$0.92	$0.92	—	NOTE 0.125% 3/1	163092AD1
—	KAMAN CORP	2,292,000	$2.223M	1.7%	$0.97	$0.97	—	NOTE 3.250% 5/0	483548AF0
—	8X8 INC NEW	1,500,000	$1.481M	1.1%	$0.99	$0.99	—	NOTE 0.500% 2/0	282914AB6
SEI	SOLARIS OILFIELD INFRASTRUCT	48,039	$382K	0.3%	$7.96 *	$8.44	-11.1%	COM CL A	83418M103
OPFI	OPPFI INC	59,438	$304K	0.2%	$5.12	$4.24	+20.8%	COM CL A	68386H103
STTK	SHATTUCK LABS INC	39,467	$281K	0.2%	$7.13	$27.08	-73.7%	COM	82024L103
ACDC	PROFRAC HLDG CORP	8,164	$69,231	0.1%	$8.48	$22.09	-61.6%	CLASS A COM	74319N100
REEWF	CARTESIAN GROWTH CORP II	402,500	$52,325	0.0%	$0.13	$0.12	—	*W EXP 07/12/202	G19305120
OPFI/WS	OPPFI INC	29,719	$11,590	0.0%	$0.39	$0.50	—	*W EXP 07/20/202	68386H111
PHVS	PHARVARIS N V	181	$5,077	0.0%	$28.05	$20.23	+38.6%	COM	N69605108
—	REDWOOD TRUST INC	5,000	$4,900	0.0%	$0.98	$0.98	—	NOTE 5.625% 7/1	758075AD7