PIPER SANDLER & CO. Quant / Systematic

Location: Minneapolis, MN

CIK: 0000724683 · Show all filings

Period: Q3 2024 (← Previous) (Next →)

Filing Date: Nov 13, 2024

Total Value: $148M (0.1% shares, 99.9% debt)

Holdings (37)

— INSIGHT ENTERPRISES INC 10.7%

Value $15.81M Shares 5,041,000 Share Price $3.14 Est. Cost/Share $3.14 Unrealized @ Report Date —

— BOOKING HOLDINGS INC 10.7%

Value $15.78M Shares 7,250,000 Share Price $2.18 Est. Cost/Share $2.18 Unrealized @ Report Date —

— PENNYMAC CORP 10.6%

Value $15.69M Shares 15,812,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— CHART INDS INC 8.3%

Value $12.28M Shares 5,871,000 Share Price $2.09 Est. Cost/Share $2.09 Unrealized @ Report Date —

— LYFT INC 7.7%

Value $11.48M Shares 11,750,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— PEGASYSTEMS INC 7.2%

Value $10.65M Shares 10,885,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— FIVERR INTL LTD 5.3%

Value $7.816M Shares 8,350,000 Share Price $0.94 Est. Cost/Share $0.93 Unrealized @ Report Date —

— RWT HLDGS INC 3.6%

Value $5.277M Shares 5,385,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— ENVESTNET INC 3.3%

Value $4.92M Shares 5,000,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— CHEGG INC 3.2%

Value $4.787M Shares 5,000,000 Share Price $0.96 Est. Cost/Share $0.93 Unrealized @ Report Date —

— WIX COM LTD 3.2%

Value $4.763M Shares 5,000,000 Share Price $0.95 Est. Cost/Share $0.95 Unrealized @ Report Date —

— ENVESTNET INC 2.9%

Value $4.267M Shares 4,000,000 Share Price $1.07 Est. Cost/Share $1.07 Unrealized @ Report Date —

— RINGCENTRAL INC 2.5%

Value $3.759M Shares 3,863,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— PARSONS CORP DEL 2.4%

Value $3.569M Shares 2,000,000 Share Price $1.78 Est. Cost/Share $1.78 Unrealized @ Report Date —

— BILIBILI INC 2.3%

Value $3.462M Shares 3,500,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— NATIONAL VISION HLDGS INC 2.1%

Value $3.056M Shares 3,130,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— PROSPECT CAP CORP 1.7%

Value $2.559M Shares 2,544,000 Share Price $1.01 Est. Cost/Share $0.99 Unrealized @ Report Date —

— FIVE9 INC 1.7%

Value $2.518M Shares 2,605,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— I3 VERTICALS LLC 1.3%

Value $1.976M Shares 2,041,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— PACIRA BIOSCIENCES INC 1.3%

Value $1.908M Shares 2,000,000 Share Price $0.95 Est. Cost/Share $0.95 Unrealized @ Report Date —

— INTEGRA LIFESCIENCES HLDGS C 1.3%

Value $1.898M Shares 2,000,000 Share Price $0.95 Est. Cost/Share $0.95 Unrealized @ Report Date —

— ARBOR REALTY TRUST INC 1.2%

Value $1.778M Shares 1,750,000 Share Price $1.02 Est. Cost/Share $0.98 Unrealized @ Report Date —

— LIVONGO HEALTH INC 1.1%

Value $1.58M Shares 1,633,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— EVENTBRITE INC 1.0%

Value $1.47M Shares 1,500,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— NUVASIVE INC 1.0%

Value $1.464M Shares 1,500,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— IONIS PHARMACEUTICALS INC 0.7%

Value $983K Shares 1,000,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— AFFIRM HLDGS INC 0.6%

Value $885K Shares 1,000,000 Share Price $0.89 Est. Cost/Share $0.89 Unrealized @ Report Date —

— AIR TRANS SVCS GROUP INC 0.5%

Value $804K Shares 801,000 Share Price $1.00 Est. Cost/Share $1.00 Unrealized @ Report Date —

— WAYFAIR INC 0.3%

Value $441K Shares 450,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— PAGERDUTY INC 0.1%

Value $190K Shares 200,000 Share Price $0.95 Est. Cost/Share $0.95 Unrealized @ Report Date —

STTK SHATTUCK LABS INC 0.1%

Value $138K Shares 39,467 Share Price $3.49 Est. Cost/Share $27.08 Unrealized @ Report Date -87.1%

— WAYFAIR INC 0.1%

Value $85,616 Shares 90,000 Share Price $0.95 Est. Cost/Share $0.95 Unrealized @ Report Date —

ACDC PROFRAC HLDG CORP 0.0%

Value $55,434 Shares 8,164 Share Price $6.79 Est. Cost/Share $22.09 Unrealized @ Report Date -69.3%

— PALO ALTO NETWORKS INC 0.0%

Value $37,810 Shares 11,000 Share Price $3.44 Est. Cost/Share $2.78 Unrealized @ Report Date —

REEWF CARTESIAN GROWTH CORP II 0.0%

Value $24,150 Shares 402,500 Share Price $0.06 Est. Cost/Share $0.12 Unrealized @ Report Date —

FSEA FIRST SEACOAST BANCORP INC 0.0%

Value $853 Shares 94 Share Price $9.07 Est. Cost/Share $9.18 Unrealized @ Report Date -1.2%

BRBS BLUE RIDGE BANKSHARES INC VA 0.0%

Value $230 Shares 82 Share Price $2.80 * Est. Cost/Share $2.58 Unrealized @ Report Date +2.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	INSIGHT ENTERPRISES INC	5,041,000	$15.81M	10.7%	$3.14	$3.14	—	NOTE 0.750% 2/1	45765UAB9
—	BOOKING HOLDINGS INC	7,250,000	$15.78M	10.7%	$2.18	$2.18	—	NOTE 0.750% 5/0	09857LAN8
—	PENNYMAC CORP	15,812,000	$15.69M	10.6%	$0.99	$0.98	—	NOTE 5.500%11/0	70932AAD5
—	CHART INDS INC	5,871,000	$12.28M	8.3%	$2.09	$2.09	—	NOTE 1.000%11/1	16115QAE0
—	LYFT INC	11,750,000	$11.48M	7.7%	$0.98	$0.98	—	NOTE 1.500% 5/1	55087PAB0
—	PEGASYSTEMS INC	10,885,000	$10.65M	7.2%	$0.98	$0.98	—	NOTE 0.750% 3/0	705573AB9
—	FIVERR INTL LTD	8,350,000	$7.816M	5.3%	$0.94	$0.93	—	NOTE 11/0	33835LAA3
—	RWT HLDGS INC	5,385,000	$5.277M	3.6%	$0.98	$0.98	—	NOTE 5.750%10/0	749772AD1
—	ENVESTNET INC	5,000,000	$4.92M	3.3%	$0.98	$0.98	—	NOTE 0.750% 8/1	29404KAE6
—	CHEGG INC	5,000,000	$4.787M	3.2%	$0.96	$0.93	—	NOTE 0.125% 3/1	163092AD1
—	WIX COM LTD	5,000,000	$4.763M	3.2%	$0.95	$0.95	—	NOTE 8/1	92940WAD1
—	ENVESTNET INC	4,000,000	$4.267M	2.9%	$1.07	$1.07	—	NOTE 2.625%12/0	29404KAG1
—	RINGCENTRAL INC	3,863,000	$3.759M	2.5%	$0.97	$0.97	—	NOTE 3/0	76680RAF4
—	PARSONS CORP DEL	2,000,000	$3.569M	2.4%	$1.78	$1.78	—	NOTE 0.250% 8/1	70202LAB8
—	BILIBILI INC	3,500,000	$3.462M	2.3%	$0.99	$0.99	—	NOTE 0.500%12/0	090040AF3
—	NATIONAL VISION HLDGS INC	3,130,000	$3.056M	2.1%	$0.98	$0.98	—	NOTE 2.500% 5/1	63845RAB3
—	PROSPECT CAP CORP	2,544,000	$2.559M	1.7%	$1.01	$0.99	—	NOTE 6.375% 3/0	74348TAT9
—	FIVE9 INC	2,605,000	$2.518M	1.7%	$0.97	$0.97	—	NOTE 0.500% 6/0	338307AD3
—	I3 VERTICALS LLC	2,041,000	$1.976M	1.3%	$0.97	$0.97	—	NOTE 1.000% 2/1	44933TAB2
—	PACIRA BIOSCIENCES INC	2,000,000	$1.908M	1.3%	$0.95	$0.95	—	NOTE 0.750% 8/0	695127AF7
—	INTEGRA LIFESCIENCES HLDGS C	2,000,000	$1.898M	1.3%	$0.95	$0.95	—	NOTE 0.500% 8/1	457985AM1
—	ARBOR REALTY TRUST INC	1,750,000	$1.778M	1.2%	$1.02	$0.98	—	NOTE 7.500% 8/0	038923BA5
—	LIVONGO HEALTH INC	1,633,000	$1.58M	1.1%	$0.97	$0.97	—	NOTE 0.875% 6/0	539183AA1
—	EVENTBRITE INC	1,500,000	$1.47M	1.0%	$0.98	$0.98	—	NOTE 5.000%12/0	29975EAB5
—	NUVASIVE INC	1,500,000	$1.464M	1.0%	$0.98	$0.98	—	NOTE 0.375% 3/1	670704AJ4
—	IONIS PHARMACEUTICALS INC	1,000,000	$983K	0.7%	$0.98	$0.98	—	NOTE 0.125%12/1	462222AB6
—	AFFIRM HLDGS INC	1,000,000	$885K	0.6%	$0.89	$0.89	—	NOTE 11/1	00827BAB2
—	AIR TRANS SVCS GROUP INC	801,000	$804K	0.5%	$1.00	$1.00	—	NOTE 1.125%10/1	00922RAB1
—	WAYFAIR INC	450,000	$441K	0.3%	$0.98	$0.98	—	NOTE 1.125%11/0	94419LAD3
—	PAGERDUTY INC	200,000	$190K	0.1%	$0.95	$0.95	—	NOTE 1.250% 7/0	69553PAB6
STTK	SHATTUCK LABS INC	39,467	$138K	0.1%	$3.49	$27.08	-87.1%	COM	82024L103
—	WAYFAIR INC	90,000	$85,616	0.1%	$0.95	$0.95	—	NOTE 0.625%10/0	94419LAM3
ACDC	PROFRAC HLDG CORP	8,164	$55,434	0.0%	$6.79	$22.09	-69.3%	CLASS A COM	74319N100
—	PALO ALTO NETWORKS INC	11,000	$37,810	0.0%	$3.44	$2.78	—	NOTE 0.375% 6/0	697435AF2
REEWF	CARTESIAN GROWTH CORP II	402,500	$24,150	0.0%	$0.06	$0.12	—	*W EXP 07/12/202	G19305120
FSEA	FIRST SEACOAST BANCORP INC	94	$853	0.0%	$9.07	$9.18	-1.2%	COM	33631F104
BRBS	BLUE RIDGE BANKSHARES INC VA	82	$230	0.0%	$2.80 *	$2.58	+2.6%	COM	095825105