PIPER SANDLER & CO. Quant / Systematic

CIK: 0000724683 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 13, 2025

Total Value ($000): $132,903 (0.6% shares, 99.4% debt)

Holdings (29)

— BOOKING HOLDINGS INC 18.8%

Value ($000) $24,991 Shares 10,333,000 Est. Cost $2.42 Unrealized —

— HUBSPOT INC 13.1%

Value ($000) $17,455 Shares 8,714,000 Est. Cost $2.00 Unrealized —

— NATIONAL VISION HLDGS INC 9.7%

Value ($000) $12,864 Shares 13,060,000 Est. Cost $0.98 Unrealized —

— RWT HLDGS INC 9.4%

Value ($000) $12,431 Shares 12,595,000 Est. Cost $0.98 Unrealized —

— FIVERR INTL LTD 7.9%

Value ($000) $10,564 Shares 11,050,000 Est. Cost $0.93 Unrealized —

— HEALTH CATALYST INC 6.5%

Value ($000) $8,685 Shares 8,790,000 Est. Cost $0.98 Unrealized —

— INTEGRA LIFESCIENCES HLDGS C 5.9%

Value ($000) $7,876 Shares 8,120,000 Est. Cost $0.96 Unrealized —

— WIX COM LTD 4.9%

Value ($000) $6,453 Shares 6,670,000 Est. Cost $0.96 Unrealized —

— FIVE9 INC 4.2%

Value ($000) $5,603 Shares 5,712,000 Est. Cost $0.97 Unrealized —

— TWO HARBORS INVENTMENT CORPO 3.7%

Value ($000) $4,950 Shares 5,000,000 Est. Cost $0.99 Unrealized —

— WAYFAIR INC 3.7%

Value ($000) $4,907 Shares 5,090,000 Est. Cost $0.96 Unrealized —

— ARBOR REALTY TRUST INC 2.0%

Value ($000) $2,719 Shares 2,750,000 Est. Cost $0.98 Unrealized —

— NEOGENOMICS INC 2.0%

Value ($000) $2,662 Shares 2,700,000 Est. Cost $0.98 Unrealized —

— LIVONGO HEALTH INC 2.0%

Value ($000) $2,620 Shares 2,669,000 Est. Cost $0.97 Unrealized —

— PACIRA BIOSCIENCES INC 1.6%

Value ($000) $2,095 Shares 2,154,000 Est. Cost $0.96 Unrealized —

— EVENTBRITE INC 1.1%

Value ($000) $1,475 Shares 1,500,000 Est. Cost $0.98 Unrealized —

— MESA LABS INC 1.1%

Value ($000) $1,459 Shares 1,500,000 Est. Cost $0.98 Unrealized —

— AFFIRM HLDGS INC 0.7%

Value ($000) $900 Shares 1,000,000 Est. Cost $0.89 Unrealized —

— PALO ALTO NETWORKS INC 0.6%

Value ($000) $774 Shares 226,000 Est. Cost $3.42 Unrealized —

NBBK NB BANCORP INC 0.5%

Value ($000) $716 Shares 40,000 Est. Cost $18.59 Unrealized 0.0%

— PAGERDUTY INC 0.1%

Value ($000) $196 Shares 200,000 Est. Cost $0.95 Unrealized —

— PENNYMAC CORP 0.1%

Value ($000) $171 Shares 173,000 Est. Cost $0.99 Unrealized —

— EZCORP INC 0.1%

Value ($000) $161 Shares 162,000 Est. Cost $1.00 Unrealized —

ACDC PROFRAC HLDG CORP 0.0%

Value ($000) $62 Shares 8,164 Est. Cost $22.09 Unrealized -65.2%

STTK SHATTUCK LABS INC 0.0%

Value ($000) $37 Shares 39,467 Est. Cost $27.08 Unrealized -95.5%

— WAYFAIR INC 0.0%

Value ($000) $32 Shares 34,000 Est. Cost $0.94 Unrealized —

REEWF CARTESIAN GROWTH CORP II 0.0%

Value ($000) $22 Shares 402,500 Est. Cost $0.12 Unrealized —

— OMNICELL COM 0.0%

Value ($000) $12 Shares 12,000 Est. Cost $0.97 Unrealized —

SEI SOLARIS ENERGY INFRAS INC 0.0%

Value ($000) $11 Shares 505 Est. Cost $27.32 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	BOOKING HOLDINGS INC	10,333,000	$24,991	18.8%	$2.42	—	NOTE 0.750% 5/0	09857LAN8
—	HUBSPOT INC	8,714,000	$17,455	13.1%	$2.00	—	NOTE 0.375% 6/0	443573AD2
—	NATIONAL VISION HLDGS INC	13,060,000	$12,864	9.7%	$0.98	—	NOTE 2.500% 5/1	63845RAB3
—	RWT HLDGS INC	12,595,000	$12,431	9.4%	$0.98	—	NOTE 5.750%10/0	749772AD1
—	FIVERR INTL LTD	11,050,000	$10,564	7.9%	$0.93	—	NOTE 11/0	33835LAA3
—	HEALTH CATALYST INC	8,790,000	$8,685	6.5%	$0.98	—	NOTE 2.500% 4/1	42225TAB3
—	INTEGRA LIFESCIENCES HLDGS C	8,120,000	$7,876	5.9%	$0.96	—	NOTE 0.500% 8/1	457985AM1
—	WIX COM LTD	6,670,000	$6,453	4.9%	$0.96	—	NOTE 8/1	92940WAD1
—	FIVE9 INC	5,712,000	$5,603	4.2%	$0.97	—	NOTE 0.500% 6/0	338307AD3
—	TWO HARBORS INVENTMENT CORPO	5,000,000	$4,950	3.7%	$0.99	—	NOTE 6.250% 1/1	90187BAB7
—	WAYFAIR INC	5,090,000	$4,907	3.7%	$0.96	—	NOTE 0.625%10/0	94419LAM3
—	ARBOR REALTY TRUST INC	2,750,000	$2,719	2.0%	$0.98	—	NOTE 7.500% 8/0	038923BA5
—	NEOGENOMICS INC	2,700,000	$2,662	2.0%	$0.98	—	NOTE 1.250% 5/0	64049MAA8
—	LIVONGO HEALTH INC	2,669,000	$2,620	2.0%	$0.97	—	NOTE 0.875% 6/0	539183AA1
—	PACIRA BIOSCIENCES INC	2,154,000	$2,095	1.6%	$0.96	—	NOTE 0.750% 8/0	695127AF7
—	EVENTBRITE INC	1,500,000	$1,475	1.1%	$0.98	—	NOTE 5.000%12/0	29975EAB5
—	MESA LABS INC	1,500,000	$1,459	1.1%	$0.98	—	NOTE 1.375% 8/1	59064RAA7
—	AFFIRM HLDGS INC	1,000,000	$900	0.7%	$0.89	—	NOTE 11/1	00827BAB2
—	PALO ALTO NETWORKS INC	226,000	$774	0.6%	$3.42	—	NOTE 0.375% 6/0	697435AF2
NBBK	NB BANCORP INC	40,000	$716	0.5%	$18.59	0.0%	COM	63945M107
—	PAGERDUTY INC	200,000	$196	0.1%	$0.95	—	NOTE 1.250% 7/0	69553PAB6
—	PENNYMAC CORP	173,000	$171	0.1%	$0.99	—	NOTE 5.500% 3/1	70932AAF0
—	EZCORP INC	162,000	$161	0.1%	$1.00	—	NOTE 2.375% 5/0	302301AE6
ACDC	PROFRAC HLDG CORP	8,164	$62	0.0%	$22.09	-65.2%	CLASS A COM	74319N100
STTK	SHATTUCK LABS INC	39,467	$37	0.0%	$27.08	-95.5%	COM	82024L103
—	WAYFAIR INC	34,000	$32	0.0%	$0.94	—	NOTE 1.000% 8/1	94419LAF8
REEWF	CARTESIAN GROWTH CORP II	402,500	$22	0.0%	$0.12	—	*W EXP 07/12/202	G19305120
—	OMNICELL COM	12,000	$12	0.0%	$0.97	—	NOTE 0.250% 9/1	68213NAD1
SEI	SOLARIS ENERGY INFRAS INC	505	$11	0.0%	$27.32	0.0%	COM CL A	83418M103