PIPER SANDLER & CO.
Follow13F filer, CIK 724683, MINNEAPOLIS, MN
PIPER SANDLER & CO. reported $139,308,602 across 24 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-12. Its ten largest share positions make up 82.68% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000724683-25-000131
- Period
- 2025-09-30
- Reported value
- $139M
- Holdings
- 24
- Top 10 weight
- 82.68%
- New
- 14
- Sold out
- 10
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| ZEOnew | +677,711 | $915K |
| CDEnew | +23,416 | $439K |
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
None.
Holdings, Q3 2025
Share positions as resolved from 13F-HR 0000724683-25-000131, largest first. % of portfolio is the value over $139,308,602, 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 |
|---|---|---|---|---|
| SEA LTDSEA LTD NOTE 2.375%12/0 | principal | 12,500,000 | $24.6M | new |
| FIVERR INTL LTDFIVERR INTL LTD NOTE 11/0 | principal | 15,050,000 | $14.9M | +2,250,000 |
| RWT HLDGS INCRWT HLDGS INC NOTE 5.750%10/0 | principal | 12,595,000 | $12.5M | 0 |
| NOVOCURE LTDNOVOCURE LTD NOTE 11/0 | principal | 11,015,000 | $10.8M | new |
| SUMMIT HOTEL PPTYSSUMMIT HOTEL PPTYS NOTE 1.500% 2/1 | principal | 10,761,000 | $10.5M | new |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 10,164,000 | $9.82M | +6,000,000 |
| MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 1/1 | principal | 10,047,000 | $9.79M | new |
| TWO HARBORS INVENTMENT CORPOTWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 | principal | 7,537,000 | $7.47M | +314,000 |
| JETBLUE AIRWAYS CORPJETBLUE AIRWAYS CORP NOTE 0.500% 4/0 | principal | 7,696,000 | $7.43M | new |
| CABLE ONE INCCABLE ONE INC NOTE 3/1 | principal | 7,641,000 | $7.37M | new |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 6,353,000 | $6.28M | +2,242,000 |
| NEW MTN FIN CORPNEW MTN FIN CORP BOND | principal | 5,636,000 | $5.58M | new |
| MGP INGREDIENTS INC NEWMGP INGREDIENTS INC NEW NOTE 1.875%11/1 | principal | 5,000,000 | $4.74M | new |
| FASTLY INCFASTLY INC NOTE 3/1 | principal | 3,000,000 | $2.86M | 0 |
| EVENTBRITE INCEVENTBRITE INC NOTE 5.000%12/0 | principal | 1,500,000 | $1.47M | 0 |
| PELOTON INTERACTIVE INCPELOTON INTERACTIVE INC NOTE 2/1 | principal | 1,000,000 | $980K | new |
| RINGCENTRAL INCRINGCENTRAL INC NOTE 3/1 | principal | 455,000 | $443K | new |
| DEXCOM INCDEXCOM INC NOTE 0.250%11/1 | principal | 250,000 | $248K | new |
| WAYFAIR INCWAYFAIR INC NOTE 1.000% 8/1 | principal | 34,000 | $33.3K | 0 |
| HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 3/0 | principal | 20,000 | $19.6K | new |
Sold out in Q3 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| NRG ENERGY INCNRG ENERGY INC | 5,000,000 | $18.6M | principal |
| INTEGRA LIFESCIENCES HLDGS CINTEGRA LIFESCIENCES HLDGS C | 18,395,000 | $18.2M | principal |
| SOLAREDGE TECHNOLOGIES INCSOLAREDGE TECHNOLOGIES INC | 14,070,000 | $13.6M | principal |
| ARBOR REALTY TRUST INCARBOR REALTY TRUST INC | 10,169,000 | $10.2M | principal |
| WAYFAIR INCWAYFAIR INC | 9,090,000 | $8.97M | principal |
| WIX COM LTDWIX COM LTD | 6,670,000 | $6.62M | principal |
| PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC | 5,154,000 | $5.13M | principal |
| MESA LABS INCMESA LABS INC | 3,500,000 | $3.47M | principal |
| NICE LTDNICE LTD | 40,000 | $39.4K | principal |
| OMNICELL COMOMNICELL COM | 12,000 | $11.8K | principal |
How Q3 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 0000724683-25-000131 | base | 2025-11-12 | acceptance time not in the bulk data set |