Filed: 11/12/2025ACC: 0000724683-25-000131
📋 What this filing means
PIPER SANDLER & CO. filed this quarterly 13F‑HR report disclosing 24 equity positions with a total reported market value of $139.31M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
24
Positions
$139.31M
Total AUM (reported)
129M
Total Shares
Allocation by class
NOTE 11/0$25.71M18.5%
NOTE 2.375% 12/0$24.57M17.6%
NOTE 5.750% 10/0$12.53M9.0%
NOTE 1.500% 2/1$10.49M7.5%
NOTE 3/0$9.82M7.0%
NOTE 1/1$9.79M7.0%
NOTE 6.250% 1/1$7.47M5.4%
Portfolio Concentration
Top 3$51.97M37.3%
4–10$63.22M45.4%
11–25$24.12M17.3%
Top 3 weight
37.3%
Top 10 weight
82.7%
Voting Authority Distribution
Total shares with voting rights: 129M
Sole
Full voting authority
129M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole24
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings24
Rows:
Sea Ltd
SOLEShares12.50M
TypePRN
Market value$24.57M
17.64%
Sole
12.50M
Shared
0.00
None
0.00
Fiverr Intl Ltd
SOLEShares15.05M
TypePRN
Market value$14.86M
10.67%
Sole
15.05M
Shared
0.00
None
0.00
RWT Hldgs Inc
SOLEShares12.60M
TypePRN
Market value$12.53M
9.00%
Sole
12.60M
Shared
0.00
None
0.00
Novocure Ltd
SOLEShares11.02M
TypePRN
Market value$10.85M
7.79%
Sole
11.02M
Shared
0.00
None
0.00
Summit Hotel Pptys Inc
SOLEShares10.76M
TypePRN
Market value$10.49M
7.53%
Sole
10.76M
Shared
0.00
None
0.00
Enphase Energy Inc
SOLEShares10.16M
TypePRN
Market value$9.82M
7.05%
Sole
10.16M
Shared
0.00
None
0.00
Marriott Vacations Worldwide
SOLEShares10.05M
TypePRN
Market value$9.79M
7.03%
Sole
10.05M
Shared
0.00
None
0.00
Two Harbors Investment Corpo
SOLEShares7.54M
TypePRN
Market value$7.47M
5.36%
Sole
7.54M
Shared
0.00
None
0.00
JetBlue Airways Corp
SOLEShares7.70M
TypePRN
Market value$7.43M
5.33%
Sole
7.70M
Shared
0.00
None
0.00
Cable One Inc
SOLEShares7.64M
TypePRN
Market value$7.37M
5.29%
Sole
7.64M
Shared
0.00
None
0.00
Pennymac Corp
SOLEShares6.35M
TypePRN
Market value$6.28M
4.51%
Sole
6.35M
Shared
0.00
None
0.00
New MTN Fin Corp
SOLEShares5.64M
TypePRN
Market value$5.58M
4.00%
Sole
5.64M
Shared
0.00
None
0.00
MGP Ingredients Inc New
SOLEShares5M
TypePRN
Market value$4.74M
3.40%
Sole
5M
Shared
0.00
None
0.00
Fastly Inc
SOLEShares3M
TypePRN
Market value$2.86M
2.05%
Sole
3M
Shared
0.00
None
0.00
Eventbrite Inc
SOLEShares1.50M
TypePRN
Market value$1.47M
1.05%
Sole
1.50M
Shared
0.00
None
0.00
Peloton Interactive Inc
SOLEShares1M
TypePRN
Market value$980.0K
0.70%
Sole
1M
Shared
0.00
None
0.00
Zeo Energy Corp
SOLEShares677.71K
TypeSH
Market value$914.9K
0.66%
Sole
677.71K
Shared
0.00
None
0.00
Ringcentral Inc
SOLEShares455K
TypePRN
Market value$443.4K
0.32%
Sole
455K
Shared
0.00
None
0.00
Coeur Mng Inc
SOLEShares23.42K
TypeSH
Market value$439.3K
0.32%
Sole
23.42K
Shared
0.00
None
0.00
Dexcom Inc
SOLEShares250K
TypePRN
Market value$248.0K
0.18%
Sole
250K
Shared
0.00
None
0.00
Shattuck Labs Inc
SOLEShares39.47K
TypeSH
Market value$94.3K
0.07%
Sole
39.47K
Shared
0.00
None
0.00
Wayfair Inc
SOLEShares34K
TypePRN
Market value$33.3K
0.02%
Sole
34K
Shared
0.00
None
0.00
Profrac Hldg Corp
SOLEShares8.16K
TypeSH
Market value$30.2K
0.02%
Sole
8.16K
Shared
0.00
None
0.00
Haemonetics Corp Mass
SOLEShares20K
TypePRN
Market value$19.6K
0.01%
Sole
20K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Sea LtdSOLE | NOTE 2.375% 12/0 | 12.50M | PRN | $24.57M 17.64% | 12.50M | 0.00 | 0.00 |
Fiverr Intl LtdSOLE | NOTE 11/0 | 15.05M | PRN | $14.86M 10.67% | 15.05M | 0.00 | 0.00 |
RWT Hldgs IncSOLE | NOTE 5.750% 10/0 | 12.60M | PRN | $12.53M 9.00% | 12.60M | 0.00 | 0.00 |
Novocure LtdSOLE | NOTE 11/0 | 11.02M | PRN | $10.85M 7.79% | 11.02M | 0.00 | 0.00 |
Summit Hotel Pptys IncSOLE | NOTE 1.500% 2/1 | 10.76M | PRN | $10.49M 7.53% | 10.76M | 0.00 | 0.00 |
Enphase Energy IncSOLE | NOTE 3/0 | 10.16M | PRN | $9.82M 7.05% | 10.16M | 0.00 | 0.00 |
Marriott Vacations WorldwideSOLE | NOTE 1/1 | 10.05M | PRN | $9.79M 7.03% | 10.05M | 0.00 | 0.00 |
Two Harbors Investment CorpoSOLE | NOTE 6.250% 1/1 | 7.54M | PRN | $7.47M 5.36% | 7.54M | 0.00 | 0.00 |
JetBlue Airways CorpSOLE | NOTE 0.500% 4/0 | 7.70M | PRN | $7.43M 5.33% | 7.70M | 0.00 | 0.00 |
Cable One IncSOLE | NOTE | 7.64M | PRN | $7.37M 5.29% | 7.64M | 0.00 | 0.00 |
Pennymac CorpSOLE | NOTE 5.500% 3/1 | 6.35M | PRN | $6.28M 4.51% | 6.35M | 0.00 | 0.00 |
New MTN Fin CorpSOLE | NOTE 7.500% 10/1 | 5.64M | PRN | $5.58M 4.00% | 5.64M | 0.00 | 0.00 |
MGP Ingredients Inc NewSOLE | NOTE 1.875% 11/1 | 5M | PRN | $4.74M 3.40% | 5M | 0.00 | 0.00 |
Fastly IncSOLE | NOTE 3/1 | 3M | PRN | $2.86M 2.05% | 3M | 0.00 | 0.00 |
Eventbrite IncSOLE | NOTE 5.000% 12/0 | 1.50M | PRN | $1.47M 1.05% | 1.50M | 0.00 | 0.00 |
Peloton Interactive IncSOLE | NOTE 2/1 | 1M | PRN | $980.0K 0.70% | 1M | 0.00 | 0.00 |
Zeo Energy CorpSOLE | CL A | 677.71K | SH | $914.9K 0.66% | 677.71K | 0.00 | 0.00 |
Ringcentral IncSOLE | NOTE 3/1 | 455K | PRN | $443.4K 0.32% | 455K | 0.00 | 0.00 |
Coeur Mng IncSOLE | COM NEW | 23.42K | SH | $439.3K 0.32% | 23.42K | 0.00 | 0.00 |
Dexcom IncSOLE | NOTE 0.250% 11/1 | 250K | PRN | $248.0K 0.18% | 250K | 0.00 | 0.00 |
Shattuck Labs IncSOLE | COM | 39.47K | SH | $94.3K 0.07% | 39.47K | 0.00 | 0.00 |
Wayfair IncSOLE | NOTE 1.000% 8/1 | 34K | PRN | $33.3K 0.02% | 34K | 0.00 | 0.00 |
Profrac Hldg CorpSOLE | CLASS A COM | 8.16K | SH | $30.2K 0.02% | 8.16K | 0.00 | 0.00 |
Haemonetics Corp MassSOLE | NOTE 3/0 | 20K | PRN | $19.6K 0.01% | 20K | 0.00 | 0.00 |