PIPER SANDLER & CO.
Follow13F filer, CIK 724683, MINNEAPOLIS, MN
PIPER SANDLER & CO. reported $129,642,038 across 20 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-13. Its ten largest share positions make up 87.58% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000724683-25-000112
- Period
- 2025-06-30
- Reported value
- $130M
- Holdings
- 20
- Top 10 weight
- 87.58%
- New
- 5
- Sold out
- 14
Largest buys vs the previous quarter
None.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| NBBKexited | -40,000 | -$716K |
| Cartesian Growth Corp IIexited | -402,500 | -$22.5K |
| SEIexited | -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.
Holdings, Q2 2025
Share positions as resolved from 13F-HR 0000724683-25-000112, largest first. % of portfolio is the value over $129,642,038, the sum of the share positions whose value is usable for ratios (method).
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 |
|---|---|---|---|---|
| NRG ENERGY INCNRG ENERGY INC DBCV 2.750% 6/0 | principal | 5,000,000 | $18.6M | new |
| INTEGRA LIFESCIENCES HLDGS CINTEGRA LIFESCIENCES HLDGS C NOTE 0.500% 8/1 | principal | 18,395,000 | $18.2M | +10,275,000 |
| SOLAREDGE TECHNOLOGIES INCSOLAREDGE TECHNOLOGIES INC NOTE 9/1 | principal | 14,070,000 | $13.6M | new |
| RWT HLDGS INCRWT HLDGS INC NOTE 5.750%10/0 | principal | 12,595,000 | $12.6M | 0 |
| FIVERR INTL LTDFIVERR INTL LTD NOTE 11/0 | principal | 12,800,000 | $12.6M | +1,750,000 |
| ARBOR REALTY TRUST INCARBOR REALTY TRUST INC NOTE 7.500% 8/0 | principal | 10,169,000 | $10.2M | +7,419,000 |
| WAYFAIR INCWAYFAIR INC NOTE 0.625%10/0 | principal | 9,090,000 | $8.97M | +4,000,000 |
| TWO HARBORS INVENTMENT CORPOTWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 | principal | 7,223,000 | $7.16M | +2,223,000 |
| WIX COM LTDWIX COM LTD NOTE 8/1 | principal | 6,670,000 | $6.62M | 0 |
| PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 0.750% 8/0 | principal | 5,154,000 | $5.13M | +3,000,000 |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 4,111,000 | $4.09M | +3,938,000 |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 4,164,000 | $3.99M | new |
| MESA LABS INCMESA LABS INC NOTE 1.375% 8/1 | principal | 3,500,000 | $3.47M | +2,000,000 |
| FASTLY INCFASTLY INC NOTE 3/1 | principal | 3,000,000 | $2.88M | new |
| EVENTBRITE INCEVENTBRITE INC NOTE 5.000%12/0 | principal | 1,500,000 | $1.49M | 0 |
| NICE LTDNICE LTD NOTE 9/1 | principal | 40,000 | $39.4K | new |
| WAYFAIR INCWAYFAIR INC NOTE 1.000% 8/1 | principal | 34,000 | $32.2K | 0 |
| OMNICELL COMOMNICELL COM NOTE 0.250% 9/1 | principal | 12,000 | $11.8K | 0 |
Sold out in Q2 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| BOOKING HOLDINGS INCBOOKING HOLDINGS INC | 10,333,000 | $25M | principal |
| HUBSPOT INCHUBSPOT INC | 8,714,000 | $17.5M | principal |
| NATIONAL VISION HLDGS INCNATIONAL VISION HLDGS INC | 13,060,000 | $12.9M | principal |
| HEALTH CATALYST INCHEALTH CATALYST INC | 8,790,000 | $8.68M | principal |
| FIVE9 INCFIVE9 INC | 5,712,000 | $5.6M | principal |
| NEOGENOMICS INCNEOGENOMICS INC | 2,700,000 | $2.66M | principal |
| LIVONGO HEALTH INCLIVONGO HEALTH INC | 2,669,000 | $2.62M | principal |
| AFFIRM HLDGS INCAFFIRM HLDGS INC | 1,000,000 | $900K | principal |
| PALO ALTO NETWORKS INCPALO ALTO NETWORKS INC | 226,000 | $774K | principal |
| NBBKNB BANCORP INC | 40,000 | $716K | shares |
| PAGERDUTY INCPAGERDUTY INC | 200,000 | $196K | principal |
| EZCORP INCEZCORP INC | 162,000 | $161K | principal |
| Cartesian Growth Corp IICartesian Growth Corp II | 402,500 | $22.5K | shares |
| SEISOLARIS ENERGY INFRAS INC | 505 | $11K | shares |
How Q2 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 0000724683-25-000112 | base | 2025-08-13 | acceptance time not in the bulk data set |