PIPER SANDLER & CO.
Follow13F filer, CIK 724683, MINNEAPOLIS, MN
PIPER SANDLER & CO. reported $132,902,889 across 29 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-13. Its ten largest share positions make up 84.18% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000724683-25-000025
- Period
- 2025-03-31
- Reported value
- $133M
- Holdings
- 29
- Top 10 weight
- 84.18%
- New
- 10
- Sold out
- 9
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| NBBKnew | +40,000 | $716K |
| SEInew | +505 | $11K |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| RNSTexited | -49 | -$1.75K |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q1 2025
Share positions as resolved from 13F-HR 0000724683-25-000025, largest first. % of portfolio is the value over $132,902,889, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| NBBKNB BANCORP INC | 40,000 | $716K | 0.54% | new | Timeline | ||
| ACDCPROFRAC HLDG CORP | 8,164 | $62K | 0.05% | 0 | Timeline | ||
| STTKSHATTUCK LABS INC | 39,467 | $37.5K | 0.03% | 0 | Timeline | ||
| Cartesian Growth Corp IICartesian Growth Corp II | 402,500 | $22.5K | 0.02% | 0 | |||
| SEISOLARIS ENERGY INFRAS INC | 505 | $11K | 0.01% | new | Timeline |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| BOOKING HOLDINGS INCBOOKING HOLDINGS INC NOTE 0.750% 5/0 | principal | 10,333,000 | $25M | new |
| HUBSPOT INCHUBSPOT INC NOTE 0.375% 6/0 | principal | 8,714,000 | $17.5M | new |
| NATIONAL VISION HLDGS INCNATIONAL VISION HLDGS INC NOTE 2.500% 5/1 | principal | 13,060,000 | $12.9M | +1,430,000 |
| RWT HLDGS INCRWT HLDGS INC NOTE 5.750%10/0 | principal | 12,595,000 | $12.4M | +6,710,000 |
| FIVERR INTL LTDFIVERR INTL LTD NOTE 11/0 | principal | 11,050,000 | $10.6M | 0 |
| HEALTH CATALYST INCHEALTH CATALYST INC BOND | principal | 8,790,000 | $8.68M | 0 |
| INTEGRA LIFESCIENCES HLDGS CINTEGRA LIFESCIENCES HLDGS C NOTE 0.500% 8/1 | principal | 8,120,000 | $7.88M | +2,620,000 |
| WIX COM LTDWIX COM LTD NOTE 8/1 | principal | 6,670,000 | $6.45M | +1,670,000 |
| FIVE9 INCFIVE9 INC NOTE 0.500% 6/0 | principal | 5,712,000 | $5.6M | -3,500,000 |
| TWO HARBORS INVENTMENT CORPOTWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 | principal | 5,000,000 | $4.95M | new |
| WAYFAIR INCWAYFAIR INC NOTE 0.625%10/0 | principal | 5,090,000 | $4.91M | +2,000,000 |
| ARBOR REALTY TRUST INCARBOR REALTY TRUST INC NOTE 7.500% 8/0 | principal | 2,750,000 | $2.72M | +1,000,000 |
| NEOGENOMICS INCNEOGENOMICS INC Convertible Debt | principal | 2,700,000 | $2.66M | +700,000 |
| LIVONGO HEALTH INCLIVONGO HEALTH INC NOTE 0.875% 6/0 | principal | 2,669,000 | $2.62M | +21,000 |
| PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 0.750% 8/0 | principal | 2,154,000 | $2.09M | 0 |
| EVENTBRITE INCEVENTBRITE INC NOTE 5.000%12/0 | principal | 1,500,000 | $1.47M | 0 |
| MESA LABS INCMESA LABS INC NOTE 1.375% 8/1 | principal | 1,500,000 | $1.46M | 0 |
| AFFIRM HLDGS INCAFFIRM HLDGS INC NOTE 11/1 | principal | 1,000,000 | $900K | 0 |
| PALO ALTO NETWORKS INCPALO ALTO NETWORKS INC NOTE 0.375% 6/0 | principal | 226,000 | $774K | new |
| PAGERDUTY INCPAGERDUTY INC BOND | principal | 200,000 | $196K | 0 |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 173,000 | $171K | new |
| EZCORP INCEZCORP INC NOTE 2.375% 5/0 | principal | 162,000 | $161K | new |
| WAYFAIR INCWAYFAIR INC NOTE 1.000% 8/1 | principal | 34,000 | $31.8K | new |
| OMNICELL COMOMNICELL COM NOTE 0.250% 9/1 | principal | 12,000 | $11.7K | new |
Sold out in Q1 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| INSIGHT ENTERPRISES INCINSIGHT ENTERPRISES INC | 9,901,000 | $21.1M | principal |
| PEGASYSTEMS INCPEGASYSTEMS INC | 10,885,000 | $10.8M | principal |
| I3 VERTICALS LLCI3 VERTICALS LLC | 9,550,000 | $9.36M | principal |
| RINGCENTRAL INCRINGCENTRAL INC | 7,063,000 | $6.97M | principal |
| CHEGG INCCHEGG INC | 5,000,000 | $4.85M | principal |
| GUIDEWIRE SOFTWARE INCGUIDEWIRE SOFTWARE INC | 2,064,000 | $3.05M | principal |
| PROSPECT CAP CORPPROSPECT CAP CORP | 2,544,000 | $2.57M | principal |
| NUVASIVE INCNUVASIVE INC | 1,500,000 | $1.48M | principal |
| RNSTRENASANT CORP | 49 | $1.75K | shares |
How Q1 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0000724683-25-000025 | base | 2025-05-13 | acceptance time not in the bulk data set |