Piper Sandler & Co.
- SEC CIK
- 0000724683
- Latest filing
- Jul 28, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 12, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 25
- +1 vs. Q3 2025
- Portfolio value
- $141.2M
- +$1.88M (+1.3%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| Summit Hotel Pptys Inc866082AA8 | NOTE 1.500% 2/1 | – | $19.6M | 13.9% | – | – | – |
| JetBlue Airways Corp477143AP6 | NOTE 0.500% 4/0 | – | $16.4M | 11.6% | – | – | – |
| Cable One, Inc.12685JAE5 | NOTE 3/1 | – | $13.8M | 9.8% | – | – | – |
| Marriott Vacations Worldwide Corp57164YAD9 | NOTE 1/1 | – | $13.4M | 9.5% | – | – | – |
| Two HBRS Invt Corp90187BAB7 | NOTE 6.250% 1/1 | – | $12.6M | 8.9% | – | – | – |
| Enphase Energy, Inc.29355AAH0 | NOTE 3/0 | – | $10.5M | 7.4% | – | – | – |
| MGP Ingredients Inc55303JAB2 | NOTE 1.875%11/1 | – | $10.4M | 7.3% | – | – | – |
| Pennymac Corp70932AAF0 | NOTE 5.500% 3/1 | – | $9.45M | 6.7% | – | – | – |
| Cracker Barrel Old Ctry Stor22410JAB2 | NOTE 0.625% 6/1 | – | $6.90M | 4.9% | – | New | – |
| Peloton Interactive, Inc.70614WAB6 | NOTE 2/1 | – | $4.90M | 3.5% | – | – | – |
| Upstart Hldgs Inc91680MAB3 | NOTE 0.250% 8/1 | – | $4.81M | 3.4% | – | New | – |
| Penn Natl Gaming Inc707569AU3 | NOTE 2.750% 5/1 | – | $4.18M | 3.0% | – | New | – |
| Alarm Com Hldgs Inc011642AB1 | NOTE 1/1 | – | $3.95M | 2.8% | – | New | – |
| Fastly, Inc.31188VAB6 | NOTE 3/1 | – | $2.93M | 2.1% | – | – | – |
| Mitek Sys Inc606710AA9 | NOTE 0.750% 2/0 | – | $1.47M | 1.0% | – | New | – |
| Blackstone Mortgage Trust IN09257WAE0 | NOTE 5.500% 3/1 | – | $1.27M | 0.9% | – | New | – |
| TripAdvisor, Inc.896945AD4 | NOTE 0.250% 4/0 | – | $1.13M | 0.8% | – | New | – |
| Groupon, Inc.399473AF4 | NOTE 1.125% 3/1 | – | $1.10M | 0.8% | – | New | – |
| ZEOZeo Energy Corp. | CL A | 677,711 | $738.7K | 0.5% | 00.0% | Unchanged | History |
| Magnite, Inc.55955DAB6 | NOTE 0.250% 3/1 | – | $683.9K | 0.5% | – | New | – |
| RingCentral, Inc.76680RAH0 | NOTE 3/1 | – | $449.5K | 0.3% | – | – | – |
| Haemonetics Corp Mass405024AB6 | NOTE 3/0 | – | $334.8K | 0.2% | – | – | – |
| STTKShattuck Labs, Inc. | COM | 39,467 | $144.1K | 0.1% | 00.0% | Unchanged | History |
| Pebblebrook Hotel Tr70509VAA8 | NOTE 1.750%12/1 | – | $81.1K | 0.1% | – | New | – |
| Wayfair Inc.94419LAF8 | NOTE 1.000% 8/1 | – | $33.8K | <0.1% | – | – | – |
Sold out since Q3 2025 (9)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| Sea Ltd81141RAF7 | NOTE 2.375%12/0 | – | $24.6M | 17.6% | – |
| Fiverr Intl Ltd33835LAA3 | NOTE 11/0 | – | $14.9M | 10.7% | – |
| RWT Hldgs Inc749772AD1 | CONVERTIBLE BOND | – | $12.5M | 9.0% | – |
| NovoCure Ltd67011XAB9 | NOTE 11/0 | – | $10.8M | 7.8% | – |
| New MTN Fin Corp647551AE0 | NOTE 7.500%10/1 | – | $5.58M | 4.0% | – |
| Eventbrite, Inc.29975EAB5 | NOTE 5.000%12/0 | – | $1.47M | 1.1% | – |
| CDECoeur Mining, Inc. | COM NEW | 23,416 | $439.3K | 0.3% | History |
| Dexcom Inc252131AK3 | NOTE 0.250%11/1 | – | $248.0K | 0.2% | – |
| ACDCProFrac Holding Corp. | CLASS A COM | 8,164 | $30.2K | <0.1% | History |