PIPER SANDLER & CO.
CIK 0000724683
Annualised vol
3.528851%
Beta
0.029113
HHI
1284.349588
Top-10 weight
91.924922%
VaR 95%
0.289774%
VaR 99%
0.831128%
Max drawdown
17.876224%
Matched value
31.290947%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| MGPI | UNCHANGED | 18,027,000 | 18,027,000 | 0.0% | 17,396,055 |
| RWT | ADDED | 6,988,000 | 3,963,000 | 76.33% | 6,996,735 |
| VAC | UNCHANGED | 5,556,000 | 5,556,000 | 0.0% | 5,369,874 |
| TDOC | UNCHANGED | 4,932,000 | 4,932,000 | 0.0% | 4,722,390 |
| ZD | UNCHANGED | 2,677,000 | 2,677,000 | 0.0% | 2,622,122 |
| UPWK | UNCHANGED | 2,610,000 | 2,610,000 | 0.0% | 2,568,240 |
| SE | NEW | 2,500,000 | - | - | 2,473,500 |
| W | UNCHANGED | 34,000 | 34,000 | 0.0% | 33,487 |
| GPRE | NEW | 25,000 | - | - | 24,625 |
| PENN | CLOSED OUT | 0 | 19,267,000 | -100.0% | 0 |
| DUK | CLOSED OUT | 0 | 1,706,000 | -100.0% | 0 |
| ZEO | CLOSED OUT | 0 | 507,502 | -100.0% | 0 |
| COIN | CLOSED OUT | 0 | 139,000 | -100.0% | 0 |
| STTK | CLOSED OUT | 0 | 39,467 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | LUMENTUM HLDGS INC | NOTE 0.500% 6/1 | 55024UAF6 | 32,270,758 | 23.92 | 5018000.0 | |
| - | ADVANCED ENERGY INDS | NOTE 2.500% 9/1 | 007973AE0 | 24,417,000 | 18.1 | 9000000.0 | |
| MGPI | UNCHANGED | MGP INGREDIENTS INC NEW | NOTE 1.875%11/1 | 55303JAB2 | 17,396,055 | 12.9 | 1.8027E7 |
| - | UPSTART HLDGS INC | NOTE 0.250% 8/1 | 91680MAB3 | 9,058,704 | 6.72 | 9206000.0 | |
| - | BLACKSTONE MORTGAGE TRUST IN | NOTE 5.500% 3/1 | 09257WAE0 | 8,862,813 | 6.57 | 8975000.0 | |
| - | STARWOOD PPTY TR INC | NOTE 6.750% 7/1 | 85571BBA2 | 8,064,000 | 5.98 | 8000000.0 | |
| RWT | ADDED | REDWOOD TRUST INC | NOTE 7.750% 6/1 | 758075AF2 | 6,996,735 | 5.19 | 6988000.0 |
| - | SHIFT4 PMTS INC | NOTE 0.500% 8/0 | 82452JAD1 | 6,835,290 | 5.07 | 7260000.0 | |
| VAC | UNCHANGED | MARRIOTT VACATIONS WORLDWIDE | NOTE 3.250%12/1 | 57164YAF4 | 5,369,874 | 3.98 | 5556000.0 |
| TDOC | UNCHANGED | TELADOC HEALTH INC | NOTE 1.250% 6/0 | 87918AAF2 | 4,722,390 | 3.5 | 4932000.0 |
| ZD | UNCHANGED | ZIFF DAVIS INC | NOTE 1.750%11/0 | 48123VAE2 | 2,622,122 | 1.94 | 2677000.0 |
| UPWK | UNCHANGED | UPWORK INC | NOTE 0.250% 8/1 | 91688FAB0 | 2,568,240 | 1.9 | 2610000.0 |
| SE | NEW | SEA LTD | NOTE 0.250% 9/1 | 81141RAG5 | 2,473,500 | 1.83 | 2500000.0 |
| - | REDFIN CORP | NOTE 0.500% 4/0 | 75737FAE8 | 1,996,388 | 1.48 | 2085000.0 | |
| - | PEBBLEBROOK HOTEL TR | NOTE 1.750%12/1 | 70509VAA8 | 542,849 | 0.4 | 548000.0 | |
| - | APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 | 442,279 | 0.33 | 7260.0 | |
| - | AFFIRM HLDGS INC | NOTE 11/1 | 00827BAB2 | 188,640 | 0.14 | 192000.0 | |
| W | UNCHANGED | WAYFAIR INC | NOTE 1.000% 8/1 | 94419LAF8 | 33,487 | 0.02 | 34000.0 |
| GPRE | NEW | GREEN PLAINS INC | NOTE 2.250% 3/1 | 393222AK0 | 24,625 | 0.02 | 25000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-28 | 134,885,749 | 19 | 3.528851 | 0.029113 | 17.876224 |
| 2026-03-31 | 2026-05-12 | 102,023,992 | 21 | 12.623827 | 0.305278 | 46.414903 |
| 2025-12-31 | 2026-02-12 | 141,188,581 | 25 | 8.76827 | 0.179757 | 25.503715 |
| 2025-09-30 | 2025-11-12 | 139,308,602 | 24 | 10.039325 | 0.185795 | 21.100915 |
| 2025-03-31 | 2025-05-13 | 132,902,889 | 29 | 13.318273 | 0.478829 | 23.898445 |
| 2024-12-31 | 2025-02-10 | 131,091,514 | 28 | 9.651645 | 0.275297 | 32.436331 |