PIPER SANDLER & CO. Quant / Systematic

Location: Minneapolis, MN

CIK: 0000724683 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 13, 2025

Total Value: $130M (0.1% shares, 99.9% debt)

Holdings (20)

— NRG ENERGY INC 14.3%

Value $18.57M Shares 5,000,000 Share Price $3.71 Est. Cost/Share $3.71 Unrealized @ Report Date —

— INTEGRA LIFESCIENCES HLDGS C 14.0%

Value $18.19M Shares 18,395,000 Share Price $0.99 Est. Cost/Share $0.98 Unrealized @ Report Date —

— SOLAREDGE TECHNOLOGIES INC 10.5%

Value $13.63M Shares 14,070,000 Share Price $0.97 Est. Cost/Share $0.97 Unrealized @ Report Date —

— RWT HLDGS INC 9.7%

Value $12.56M Shares 12,595,000 Share Price $1.00 Est. Cost/Share $0.98 Unrealized @ Report Date —

— FIVERR INTL LTD 9.7%

Value $12.55M Shares 12,800,000 Share Price $0.98 Est. Cost/Share $0.94 Unrealized @ Report Date —

— ARBOR REALTY TRUST INC 7.8%

Value $10.16M Shares 10,169,000 Share Price $1.00 Est. Cost/Share $0.99 Unrealized @ Report Date —

— WAYFAIR INC 6.9%

Value $8.972M Shares 9,090,000 Share Price $0.99 Est. Cost/Share $0.97 Unrealized @ Report Date —

— TWO HARBORS INVENTMENT CORPO 5.5%

Value $7.16M Shares 7,223,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— WIX COM LTD 5.1%

Value $6.62M Shares 6,670,000 Share Price $0.99 Est. Cost/Share $0.96 Unrealized @ Report Date —

— PACIRA BIOSCIENCES INC 4.0%

Value $5.131M Shares 5,154,000 Share Price $1.00 Est. Cost/Share $0.98 Unrealized @ Report Date —

— PENNYMAC CORP 3.2%

Value $4.09M Shares 4,111,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— ENPHASE ENERGY INC 3.1%

Value $3.987M Shares 4,164,000 Share Price $0.96 Est. Cost/Share $0.96 Unrealized @ Report Date —

— MESA LABS INC 2.7%

Value $3.474M Shares 3,500,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— FASTLY INC 2.2%

Value $2.881M Shares 3,000,000 Share Price $0.96 Est. Cost/Share $0.96 Unrealized @ Report Date —

— EVENTBRITE INC 1.2%

Value $1.492M Shares 1,500,000 Share Price $0.99 Est. Cost/Share $0.98 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%

— NICE LTD 0.0%

Value $39,400 Shares 40,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— WAYFAIR INC 0.0%

Value $32,181 Shares 34,000 Share Price $0.95 Est. Cost/Share $0.94 Unrealized @ Report Date —

STTK SHATTUCK LABS INC 0.0%

Value $31,250 Shares 39,467 Share Price $0.79 Est. Cost/Share $27.08 Unrealized @ Report Date -97.1%

— OMNICELL COM 0.0%

Value $11,797 Shares 12,000 Share Price $0.98 Est. Cost/Share $0.97 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	NRG ENERGY INC	5,000,000	$18.57M	14.3%	$3.71	$3.71	—	DBCV 2.750% 6/0	629377CG5
—	INTEGRA LIFESCIENCES HLDGS C	18,395,000	$18.19M	14.0%	$0.99	$0.98	—	NOTE 0.500% 8/1	457985AM1
—	SOLAREDGE TECHNOLOGIES INC	14,070,000	$13.63M	10.5%	$0.97	$0.97	—	NOTE 9/1	83417MAD6
—	RWT HLDGS INC	12,595,000	$12.56M	9.7%	$1.00	$0.98	—	NOTE 5.750%10/0	749772AD1
—	FIVERR INTL LTD	12,800,000	$12.55M	9.7%	$0.98	$0.94	—	NOTE 11/0	33835LAA3
—	ARBOR REALTY TRUST INC	10,169,000	$10.16M	7.8%	$1.00	$0.99	—	NOTE 7.500% 8/0	038923BA5
—	WAYFAIR INC	9,090,000	$8.972M	6.9%	$0.99	$0.97	—	NOTE 0.625%10/0	94419LAM3
—	TWO HARBORS INVENTMENT CORPO	7,223,000	$7.16M	5.5%	$0.99	$0.99	—	NOTE 6.250% 1/1	90187BAB7
—	WIX COM LTD	6,670,000	$6.62M	5.1%	$0.99	$0.96	—	NOTE 8/1	92940WAD1
—	PACIRA BIOSCIENCES INC	5,154,000	$5.131M	4.0%	$1.00	$0.98	—	NOTE 0.750% 8/0	695127AF7
—	PENNYMAC CORP	4,111,000	$4.09M	3.2%	$0.99	$0.99	—	NOTE 5.500% 3/1	70932AAF0
—	ENPHASE ENERGY INC	4,164,000	$3.987M	3.1%	$0.96	$0.96	—	NOTE 3/0	29355AAH0
—	MESA LABS INC	3,500,000	$3.474M	2.7%	$0.99	$0.99	—	NOTE 1.375% 8/1	59064RAA7
—	FASTLY INC	3,000,000	$2.881M	2.2%	$0.96	$0.96	—	NOTE 3/1	31188VAB6
—	EVENTBRITE INC	1,500,000	$1.492M	1.2%	$0.99	$0.98	—	NOTE 5.000%12/0	29975EAB5
ACDC	PROFRAC HLDG CORP	8,164	$63,353	0.0%	$7.76	$22.09	-64.9%	CLASS A COM	74319N100
—	NICE LTD	40,000	$39,400	0.0%	$0.98	$0.98	—	NOTE 9/1	653656AB4
—	WAYFAIR INC	34,000	$32,181	0.0%	$0.95	$0.94	—	NOTE 1.000% 8/1	94419LAF8
STTK	SHATTUCK LABS INC	39,467	$31,250	0.0%	$0.79	$27.08	-97.1%	COM	82024L103
—	OMNICELL COM	12,000	$11,797	0.0%	$0.98	$0.97	—	NOTE 0.250% 9/1	68213NAD1