PIPER SANDLER & CO. Quant / Systematic

Location: Minneapolis, MN

CIK: 0000724683 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 10, 2025

Total Value: $131M (0.1% shares, 99.9% debt)

Holdings (28)

— INSIGHT ENTERPRISES INC 16.1%

Value $21.12M Shares 9,901,000 Share Price $2.13 Est. Cost/Share $2.64 Unrealized @ Report Date —

— NATIONAL VISION HLDGS INC 8.7%

Value $11.4M Shares 11,630,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— PEGASYSTEMS INC 8.2%

Value $10.8M Shares 10,885,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— FIVERR INTL LTD 8.0%

Value $10.47M Shares 11,050,000 Share Price $0.95 Est. Cost/Share $0.93 Unrealized @ Report Date —

— I3 VERTICALS LLC 7.1%

Value $9.359M Shares 9,550,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— FIVE9 INC 6.8%

Value $8.936M Shares 9,212,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— HEALTH CATALYST INC 6.6%

Value $8.625M Shares 8,790,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— RINGCENTRAL INC 5.3%

Value $6.97M Shares 7,063,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— RWT HLDGS INC 4.4%

Value $5.826M Shares 5,885,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— INTEGRA LIFESCIENCES HLDGS C 4.0%

Value $5.299M Shares 5,500,000 Share Price $0.96 Est. Cost/Share $0.96 Unrealized @ Report Date —

— CHEGG INC 3.7%

Value $4.848M Shares 5,000,000 Share Price $0.97 Est. Cost/Share $0.93 Unrealized @ Report Date —

— WIX COM LTD 3.7%

Value $4.822M Shares 5,000,000 Share Price $0.96 Est. Cost/Share $0.95 Unrealized @ Report Date —

— GUIDEWIRE SOFTWARE INC 2.3%

Value $3.049M Shares 2,064,000 Share Price $1.48 Est. Cost/Share $1.48 Unrealized @ Report Date —

— WAYFAIR INC 2.3%

Value $2.963M Shares 3,090,000 Share Price $0.96 Est. Cost/Share $0.96 Unrealized @ Report Date —

— LIVONGO HEALTH INC 2.0%

Value $2.59M Shares 2,648,000 Share Price $0.98 Est. Cost/Share $0.97 Unrealized @ Report Date —

— PROSPECT CAP CORP 2.0%

Value $2.573M Shares 2,544,000 Share Price $1.01 Est. Cost/Share $0.99 Unrealized @ Report Date —

— PACIRA BIOSCIENCES INC 1.6%

Value $2.087M Shares 2,154,000 Share Price $0.97 Est. Cost/Share $0.96 Unrealized @ Report Date —

— NEOGENOMICS INC 1.5%

Value $1.962M Shares 2,000,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— ARBOR REALTY TRUST INC 1.3%

Value $1.741M Shares 1,750,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— NUVASIVE INC 1.1%

Value $1.483M Shares 1,500,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— EVENTBRITE INC 1.1%

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

— MESA LABS INC 1.1%

Value $1.463M Shares 1,500,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— AFFIRM HLDGS INC 0.7%

Value $902K Shares 1,000,000 Share Price $0.90 Est. Cost/Share $0.89 Unrealized @ Report Date —

— PAGERDUTY INC 0.1%

Value $193K Shares 200,000 Share Price $0.96 Est. Cost/Share $0.95 Unrealized @ Report Date —

ACDC PROFRAC HLDG CORP 0.0%

Value $63,353 Shares 8,164 Share Price $7.76 Est. Cost/Share $22.09 Unrealized @ Report Date -64.9%

STTK SHATTUCK LABS INC 0.0%

Value $47,755 Shares 39,467 Share Price $1.21 Est. Cost/Share $27.08 Unrealized @ Report Date -95.5%

REEWF CARTESIAN GROWTH CORP II 0.0%

Value $30,228 Shares 402,500 Share Price $0.08 Est. Cost/Share $0.12 Unrealized @ Report Date —

RNST RENASANT CORP 0.0%

Value $1,752 Shares 49 Share Price $35.76 Est. Cost/Share $35.29 Unrealized @ Report Date +1.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	INSIGHT ENTERPRISES INC	9,901,000	$21.12M	16.1%	$2.13	$2.64	—	NOTE 0.750% 2/1	45765UAB9
—	NATIONAL VISION HLDGS INC	11,630,000	$11.4M	8.7%	$0.98	$0.98	—	NOTE 2.500% 5/1	63845RAB3
—	PEGASYSTEMS INC	10,885,000	$10.8M	8.2%	$0.99	$0.98	—	NOTE 0.750% 3/0	705573AB9
—	FIVERR INTL LTD	11,050,000	$10.47M	8.0%	$0.95	$0.93	—	NOTE 11/0	33835LAA3
—	I3 VERTICALS LLC	9,550,000	$9.359M	7.1%	$0.98	$0.98	—	NOTE 1.000% 2/1	44933TAB2
—	FIVE9 INC	9,212,000	$8.936M	6.8%	$0.97	$0.97	—	NOTE 0.500% 6/0	338307AD3
—	HEALTH CATALYST INC	8,790,000	$8.625M	6.6%	$0.98	$0.98	—	NOTE 2.500% 4/1	42225TAB3
—	RINGCENTRAL INC	7,063,000	$6.97M	5.3%	$0.99	$0.98	—	NOTE 3/0	76680RAF4
—	RWT HLDGS INC	5,885,000	$5.826M	4.4%	$0.99	$0.98	—	NOTE 5.750%10/0	749772AD1
—	INTEGRA LIFESCIENCES HLDGS C	5,500,000	$5.299M	4.0%	$0.96	$0.96	—	NOTE 0.500% 8/1	457985AM1
—	CHEGG INC	5,000,000	$4.848M	3.7%	$0.97	$0.93	—	NOTE 0.125% 3/1	163092AD1
—	WIX COM LTD	5,000,000	$4.822M	3.7%	$0.96	$0.95	—	NOTE 8/1	92940WAD1
—	GUIDEWIRE SOFTWARE INC	2,064,000	$3.049M	2.3%	$1.48	$1.48	—	NOTE 1.250% 3/1	40171VAA8
—	WAYFAIR INC	3,090,000	$2.963M	2.3%	$0.96	$0.96	—	NOTE 0.625%10/0	94419LAM3
—	LIVONGO HEALTH INC	2,648,000	$2.59M	2.0%	$0.98	$0.97	—	NOTE 0.875% 6/0	539183AA1
—	PROSPECT CAP CORP	2,544,000	$2.573M	2.0%	$1.01	$0.99	—	NOTE 6.375% 3/0	74348TAT9
—	PACIRA BIOSCIENCES INC	2,154,000	$2.087M	1.6%	$0.97	$0.96	—	NOTE 0.750% 8/0	695127AF7
—	NEOGENOMICS INC	2,000,000	$1.962M	1.5%	$0.98	$0.98	—	NOTE 1.250% 5/0	64049MAA8
—	ARBOR REALTY TRUST INC	1,750,000	$1.741M	1.3%	$0.99	$0.98	—	NOTE 7.500% 8/0	038923BA5
—	NUVASIVE INC	1,500,000	$1.483M	1.1%	$0.99	$0.98	—	NOTE 0.375% 3/1	670704AJ4
—	EVENTBRITE INC	1,500,000	$1.47M	1.1%	$0.98	$0.98	—	NOTE 5.000%12/0	29975EAB5
—	MESA LABS INC	1,500,000	$1.463M	1.1%	$0.98	$0.98	—	NOTE 1.375% 8/1	59064RAA7
—	AFFIRM HLDGS INC	1,000,000	$902K	0.7%	$0.90	$0.89	—	NOTE 11/1	00827BAB2
—	PAGERDUTY INC	200,000	$193K	0.1%	$0.96	$0.95	—	NOTE 1.250% 7/0	69553PAB6
ACDC	PROFRAC HLDG CORP	8,164	$63,353	0.0%	$7.76	$22.09	-64.9%	CLASS A COM	74319N100
STTK	SHATTUCK LABS INC	39,467	$47,755	0.0%	$1.21	$27.08	-95.5%	COM	82024L103
REEWF	CARTESIAN GROWTH CORP II	402,500	$30,228	0.0%	$0.08	$0.12	—	*W EXP 07/12/202	G19305120
RNST	RENASANT CORP	49	$1,752	0.0%	$35.76	$35.29	+1.3%	COM	75970E107