PIPER SANDLER & CO. Quant / Systematic

Location: Minneapolis, MN

CIK: 0000724683 · Show all filings

Period: Q2 2024 (← Previous) (Next →)

Filing Date: Aug 8, 2024

Total Value: $128M (0.2% shares, 99.8% debt)

Holdings (17)

— EAGLE BULK SHIPPING INC 24.6%

Value $31.43M Shares 15,031,000 Share Price $2.09 Est. Cost/Share $2.09 Unrealized @ Report Date —

— JAZZ INVESTMENTS I LTD 21.1%

Value $26.95M Shares 27,196,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— BIOMARIN PHARMACEUTICAL INC 16.7%

Value $21.31M Shares 21,581,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— PENNYMAC CORP 10.9%

Value $13.89M Shares 14,062,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— TURNING PT BRANDS INC 10.0%

Value $12.82M Shares 12,907,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— REDWOOD TRUST INC 3.7%

Value $4.749M Shares 4,773,000 Share Price $0.99 Est. Cost/Share $1.00 Unrealized @ Report Date —

— CHEGG INC 3.6%

Value $4.625M Shares 5,000,000 Share Price $0.93 Est. Cost/Share $0.93 Unrealized @ Report Date —

— PROSPECT CAP CORP 3.1%

Value $4.009M Shares 4,044,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— ARBOR REALTY TRUST INC 2.1%

Value $2.723M Shares 2,750,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— FIVERR INTL LTD 1.6%

Value $2.104M Shares 2,300,000 Share Price $0.92 Est. Cost/Share $0.92 Unrealized @ Report Date —

— BLACKLINE INC 1.2%

Value $1.524M Shares 1,536,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— PALO ALTO NETWORKS INC 1.1%

Value $1.441M Shares 684,000 Share Price $2.11 Est. Cost/Share $2.78 Unrealized @ Report Date —

STTK SHATTUCK LABS INC 0.1%

Value $152K Shares 39,467 Share Price $3.86 Est. Cost/Share $27.08 Unrealized @ Report Date -85.7%

— I3 VERTICALS LLC 0.1%

Value $92,738 Shares 97,000 Share Price $0.96 Est. Cost/Share $0.96 Unrealized @ Report Date —

ACDC PROFRAC HLDG CORP 0.0%

Value $60,495 Shares 8,164 Share Price $7.41 Est. Cost/Share $22.09 Unrealized @ Report Date -66.5%

REEWF CARTESIAN GROWTH CORP II 0.0%

Value $40,653 Shares 402,500 Share Price $0.10 Est. Cost/Share $0.12 Unrealized @ Report Date —

KVHI KVH INDS INC 0.0%

Value $15,020 Shares 3,230 Share Price $4.65 Est. Cost/Share $4.99 Unrealized @ Report Date -6.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	EAGLE BULK SHIPPING INC	15,031,000	$31.43M	24.6%	$2.09	$2.09	—	NOTE 5.000% 8/0	269442AB5
—	JAZZ INVESTMENTS I LTD	27,196,000	$26.95M	21.1%	$0.99	$0.99	—	NOTE 1.500% 8/1	472145AD3
—	BIOMARIN PHARMACEUTICAL INC	21,581,000	$21.31M	16.7%	$0.99	$0.99	—	NOTE 0.599% 8/0	09061GAH4
—	PENNYMAC CORP	14,062,000	$13.89M	10.9%	$0.99	$0.98	—	NOTE 5.500%11/0	70932AAD5
—	TURNING PT BRANDS INC	12,907,000	$12.82M	10.0%	$0.99	$0.99	—	NOTE 2.500% 7/1	90041LAE5
—	REDWOOD TRUST INC	4,773,000	$4.749M	3.7%	$0.99	$1.00	—	NOTE 5.625% 7/1	758075AD7
—	CHEGG INC	5,000,000	$4.625M	3.6%	$0.93	$0.93	—	NOTE 0.125% 3/1	163092AD1
—	PROSPECT CAP CORP	4,044,000	$4.009M	3.1%	$0.99	$0.99	—	NOTE 6.375% 3/0	74348TAT9
—	ARBOR REALTY TRUST INC	2,750,000	$2.723M	2.1%	$0.99	$0.98	—	NOTE 7.500% 8/0	038923BA5
—	FIVERR INTL LTD	2,300,000	$2.104M	1.6%	$0.92	$0.92	—	NOTE 11/0	33835LAA3
—	BLACKLINE INC	1,536,000	$1.524M	1.2%	$0.99	$0.99	—	NOTE 0.125% 8/0	09239BAB5
—	PALO ALTO NETWORKS INC	684,000	$1.441M	1.1%	$2.11	$2.78	—	NOTE 0.375% 6/0	697435AF2
STTK	SHATTUCK LABS INC	39,467	$152K	0.1%	$3.86	$27.08	-85.7%	COM	82024L103
—	I3 VERTICALS LLC	97,000	$92,738	0.1%	$0.96	$0.96	—	NOTE 1.000% 2/1	44933TAB2
ACDC	PROFRAC HLDG CORP	8,164	$60,495	0.0%	$7.41	$22.09	-66.5%	CLASS A COM	74319N100
REEWF	CARTESIAN GROWTH CORP II	402,500	$40,653	0.0%	$0.10	$0.12	—	*W EXP 07/12/202	G19305120
KVHI	KVH INDS INC	3,230	$15,020	0.0%	$4.65	$4.99	-6.8%	COM	482738101