PIPER SANDLER & CO. Quant / Systematic

CIK: 0000724683 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: May 13, 2024

Total Value ($000): $145,297 (4.2% shares, 95.8% debt)

Holdings (22)

— PALO ALTO NETWORKS INC 34.5%

Value ($000) $50,143 Shares 18,024,000 Est. Cost $2.78 Unrealized —

— NEUROCRINE BIOSCIENCES INC 16.9%

Value ($000) $24,573 Shares 13,559,000 Est. Cost $1.81 Unrealized —

— PIONEER NAT RES CO 8.5%

Value ($000) $12,410 Shares 4,422,000 Est. Cost $2.66 Unrealized —

— MFA FINL INC 7.4%

Value ($000) $10,699 Shares 10,726,000 Est. Cost $1.00 Unrealized —

— PENNYMAC CORP 7.3%

Value ($000) $10,544 Shares 10,705,000 Est. Cost $0.98 Unrealized —

— CHEGG INC 5.7%

Value ($000) $8,290 Shares 8,900,000 Est. Cost $0.93 Unrealized —

— JAZZ INVESTMENTS I LTD 4.8%

Value ($000) $6,983 Shares 7,100,000 Est. Cost $0.97 Unrealized —

— PARAMOUNT GLOBAL 3.6%

Value ($000) $5,256 Shares 382,515 Est. Cost $13.74 Unrealized —

— BILIBILI INC 3.4%

Value ($000) $4,975 Shares 5,000,000 Est. Cost $0.99 Unrealized —

— KAMAN CORP 2.3%

Value ($000) $3,325 Shares 3,288,000 Est. Cost $0.98 Unrealized —

— ARBOR REALTY TRUST INC 2.0%

Value ($000) $2,939 Shares 3,000,000 Est. Cost $0.98 Unrealized —

— TURNING PT BRANDS INC 1.6%

Value ($000) $2,320 Shares 2,372,000 Est. Cost $0.98 Unrealized —

— REDWOOD TRUST INC 1.0%

Value ($000) $1,499 Shares 1,505,000 Est. Cost $1.00 Unrealized —

STTK SHATTUCK LABS INC 0.2%

Value ($000) $353 Shares 39,467 Est. Cost $27.08 Unrealized -66.2%

— PROSPECT CAP CORP 0.2%

Value ($000) $332 Shares 335,000 Est. Cost $0.99 Unrealized —

ZEO ZEO ENERGY CORP 0.2%

Value ($000) $285 Shares 50,000 Est. Cost $9.77 Unrealized 0.0%

OPFI OPPFI INC 0.1%

Value ($000) $149 Shares 59,438 Est. Cost $4.24 Unrealized -19.8%

— I3 VERTICALS LLC 0.1%

Value ($000) $93 Shares 97,000 Est. Cost $0.96 Unrealized —

ACDC PROFRAC HLDG CORP 0.0%

Value ($000) $68 Shares 8,164 Est. Cost $22.09 Unrealized -65.2%

REEWF CARTESIAN GROWTH CORP II 0.0%

Value ($000) $42 Shares 402,500 Est. Cost $0.12 Unrealized —

CLVT 5.25 06/01/24 A CLARIVATE PLC 0.0%

Value ($000) $16 Shares 545 Est. Cost $30.01 Unrealized —

OPFI/WS OPPFI INC 0.0%

Value ($000) $2 Shares 29,719 Est. Cost $0.50 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	PALO ALTO NETWORKS INC	18,024,000	$50,143	34.5%	$2.78	—	NOTE 0.375% 6/0	697435AF2
—	NEUROCRINE BIOSCIENCES INC	13,559,000	$24,573	16.9%	$1.81	—	NOTE 2.250% 5/1	64125CAD1
—	PIONEER NAT RES CO	4,422,000	$12,410	8.5%	$2.66	—	NOTE 0.250% 5/1	723787AP2
—	MFA FINL INC	10,726,000	$10,699	7.4%	$1.00	—	NOTE 6.250% 6/1	55272XAA0
—	PENNYMAC CORP	10,705,000	$10,544	7.3%	$0.98	—	NOTE 5.500%11/0	70932AAD5
—	CHEGG INC	8,900,000	$8,290	5.7%	$0.93	—	NOTE 0.125% 3/1	163092AD1
—	JAZZ INVESTMENTS I LTD	7,100,000	$6,983	4.8%	$0.97	—	NOTE 1.500% 8/1	472145AD3
—	PARAMOUNT GLOBAL	382,515	$5,256	3.6%	$13.74	—	5.75% CONV PFD A	92556H305
—	BILIBILI INC	5,000,000	$4,975	3.4%	$0.99	—	NOTE 1.375% 4/0	090040AB2
—	KAMAN CORP	3,288,000	$3,325	2.3%	$0.98	—	NOTE 3.250% 5/0	483548AF0
—	ARBOR REALTY TRUST INC	3,000,000	$2,939	2.0%	$0.98	—	NOTE 7.500% 8/0	038923BA5
—	TURNING PT BRANDS INC	2,372,000	$2,320	1.6%	$0.98	—	NOTE 2.500% 7/1	90041LAE5
—	REDWOOD TRUST INC	1,505,000	$1,499	1.0%	$1.00	—	NOTE 5.625% 7/1	758075AD7
STTK	SHATTUCK LABS INC	39,467	$353	0.2%	$27.08	-66.2%	COM	82024L103
—	PROSPECT CAP CORP	335,000	$332	0.2%	$0.99	—	NOTE 6.375% 3/0	74348TAT9
ZEO	ZEO ENERGY CORP	50,000	$285	0.2%	$9.77	0.0%	CL A	98944F109
OPFI	OPPFI INC	59,438	$149	0.1%	$4.24	-19.8%	COM CL A	68386H103
—	I3 VERTICALS LLC	97,000	$93	0.1%	$0.96	—	NOTE 1.000% 2/1	44933TAB2
ACDC	PROFRAC HLDG CORP	8,164	$68	0.0%	$22.09	-65.2%	CLASS A COM	74319N100
REEWF	CARTESIAN GROWTH CORP II	402,500	$42	0.0%	$0.12	—	*W EXP 07/12/202	G19305120
CLVT 5.25 06/01/24 A	CLARIVATE PLC	545	$16	0.0%	$30.01	—	5.25% PFD CONV A	G21810208
OPFI/WS	OPPFI INC	29,719	$2	0.0%	$0.50	—	*W EXP 07/20/202	68386H111