Filed: 2/12/2026ACC: 0000724683-26-000006
📋 What this filing means
PIPER SANDLER & CO. filed this quarterly 13F‑HR report disclosing 25 equity positions with a total reported market value of $141.19M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
25
Positions
$141.19M
Total AUM (reported)
143.86M
Total Shares
Allocation by class
NOTE 1.500% 2/1$19.58M13.9%
NOTE 1/1$17.38M12.3%
NOTE 3/1$17.22M12.2%
NOTE 0.500% 4/0$16.38M11.6%
NOTE 6.250% 1/1$12.56M8.9%
NOTE 3/0$10.81M7.7%
NOTE 5.500% 3/1$10.72M7.6%
Portfolio Concentration
Top 3$49.79M35.3%
4–10$68.08M48.2%
11–25$23.31M16.5%
Top 3 weight
35.3%
Top 10 weight
83.5%
Voting Authority Distribution
Total shares with voting rights: 143.86M
Sole
Full voting authority
143.86M
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)
Sole25
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings25
Rows:
SUMMIT HOTEL PPTYS
SOLEShares19.80M
TypePRN
Market value$19.58M
13.87%
Sole
19.80M
Shared
0.00
None
0.00
JETBLUE AIRWAYS CORP
SOLEShares16.80M
TypePRN
Market value$16.38M
11.60%
Sole
16.80M
Shared
0.00
None
0.00
CABLE ONE INC
SOLEShares14.12M
TypePRN
Market value$13.84M
9.80%
Sole
14.12M
Shared
0.00
None
0.00
MARRIOTT VACATIONS WORLDWIDE
SOLEShares13.55M
TypePRN
Market value$13.43M
9.51%
Sole
13.55M
Shared
0.00
None
0.00
TWO HARBORS INVENTMENT CORPO
SOLEShares12.69M
TypePRN
Market value$12.56M
8.90%
Sole
12.69M
Shared
0.00
None
0.00
ENPHASE ENERGY INC
SOLEShares10.66M
TypePRN
Market value$10.47M
7.42%
Sole
10.66M
Shared
0.00
None
0.00
MGP INGREDIENTS INC NEW
SOLEShares10.80M
TypePRN
Market value$10.37M
7.34%
Sole
10.80M
Shared
0.00
None
0.00
PENNYMAC CORP
SOLEShares9.54M
TypePRN
Market value$9.45M
6.69%
Sole
9.54M
Shared
0.00
None
0.00
CRACKER BARREL OLD CTRY STOR
SOLEShares7.17M
TypePRN
Market value$6.90M
4.89%
Sole
7.17M
Shared
0.00
None
0.00
PELOTON INTERACTIVE INC
SOLEShares5M
TypePRN
Market value$4.90M
3.47%
Sole
5M
Shared
0.00
None
0.00
UPSTART HLDGS INC
SOLEShares5.04M
TypePRN
Market value$4.81M
3.41%
Sole
5.04M
Shared
0.00
None
0.00
PENN ENTERTAINMENT INC
SOLEShares4.27M
TypePRN
Market value$4.18M
2.96%
Sole
4.27M
Shared
0.00
None
0.00
ALARM COM HLDGS INC
SOLEShares4M
TypePRN
Market value$3.95M
2.80%
Sole
4M
Shared
0.00
None
0.00
FASTLY INC
SOLEShares3M
TypePRN
Market value$2.93M
2.07%
Sole
3M
Shared
0.00
None
0.00
MITEK SYS INC
SOLEShares1.50M
TypePRN
Market value$1.47M
1.04%
Sole
1.50M
Shared
0.00
None
0.00
BLACKSTONE MORTGAGE TRUST IN
SOLEShares1.30M
TypePRN
Market value$1.27M
0.90%
Sole
1.30M
Shared
0.00
None
0.00
TRIPADVISOR INC
SOLEShares1.17M
TypePRN
Market value$1.13M
0.80%
Sole
1.17M
Shared
0.00
None
0.00
GROUPON INC
SOLEShares1.12M
TypePRN
Market value$1.10M
0.78%
Sole
1.12M
Shared
0.00
None
0.00
ZEO ENERGY CORP
SOLEShares677.71K
TypeSH
Market value$738.7K
0.52%
Sole
677.71K
Shared
0.00
None
0.00
MAGNITE INC
SOLEShares700K
TypePRN
Market value$683.9K
0.48%
Sole
700K
Shared
0.00
None
0.00
RINGCENTRAL INC
SOLEShares455K
TypePRN
Market value$449.5K
0.32%
Sole
455K
Shared
0.00
None
0.00
HAEMONETICS CORP MASS
SOLEShares339K
TypePRN
Market value$334.8K
0.24%
Sole
339K
Shared
0.00
None
0.00
SHATTUCK LABS INC
SOLEShares39.47K
TypeSH
Market value$144.1K
0.10%
Sole
39.47K
Shared
0.00
None
0.00
PEBBLEBROOK HOTEL TR
SOLEShares84K
TypePRN
Market value$81.1K
0.06%
Sole
84K
Shared
0.00
None
0.00
WAYFAIR INC
SOLEShares34K
TypePRN
Market value$33.8K
0.02%
Sole
34K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SUMMIT HOTEL PPTYSSOLE | NOTE 1.500% 2/1 | 19.80M | PRN | $19.58M 13.87% | 19.80M | 0.00 | 0.00 |
JETBLUE AIRWAYS CORPSOLE | NOTE 0.500% 4/0 | 16.80M | PRN | $16.38M 11.60% | 16.80M | 0.00 | 0.00 |
CABLE ONE INCSOLE | NOTE 3/1 | 14.12M | PRN | $13.84M 9.80% | 14.12M | 0.00 | 0.00 |
MARRIOTT VACATIONS WORLDWIDESOLE | NOTE 1/1 | 13.55M | PRN | $13.43M 9.51% | 13.55M | 0.00 | 0.00 |
TWO HARBORS INVENTMENT CORPOSOLE | NOTE 6.250% 1/1 | 12.69M | PRN | $12.56M 8.90% | 12.69M | 0.00 | 0.00 |
ENPHASE ENERGY INCSOLE | NOTE 3/0 | 10.66M | PRN | $10.47M 7.42% | 10.66M | 0.00 | 0.00 |
MGP INGREDIENTS INC NEWSOLE | NOTE 1.875%11/1 | 10.80M | PRN | $10.37M 7.34% | 10.80M | 0.00 | 0.00 |
PENNYMAC CORPSOLE | NOTE 5.500% 3/1 | 9.54M | PRN | $9.45M 6.69% | 9.54M | 0.00 | 0.00 |
CRACKER BARREL OLD CTRY STORSOLE | NOTE 0.625% 6/1 | 7.17M | PRN | $6.90M 4.89% | 7.17M | 0.00 | 0.00 |
PELOTON INTERACTIVE INCSOLE | NOTE 2/1 | 5M | PRN | $4.90M 3.47% | 5M | 0.00 | 0.00 |
UPSTART HLDGS INCSOLE | NOTE 0.250% 8/1 | 5.04M | PRN | $4.81M 3.41% | 5.04M | 0.00 | 0.00 |
PENN ENTERTAINMENT INCSOLE | NOTE 2.750% 5/1 | 4.27M | PRN | $4.18M 2.96% | 4.27M | 0.00 | 0.00 |
ALARM COM HLDGS INCSOLE | NOTE 1/1 | 4M | PRN | $3.95M 2.80% | 4M | 0.00 | 0.00 |
FASTLY INCSOLE | NOTE 3/1 | 3M | PRN | $2.93M 2.07% | 3M | 0.00 | 0.00 |
MITEK SYS INCSOLE | NOTE 0.750% 2/0 | 1.50M | PRN | $1.47M 1.04% | 1.50M | 0.00 | 0.00 |
BLACKSTONE MORTGAGE TRUST INSOLE | NOTE 5.500% 3/1 | 1.30M | PRN | $1.27M 0.90% | 1.30M | 0.00 | 0.00 |
TRIPADVISOR INCSOLE | NOTE 0.250% 4/0 | 1.17M | PRN | $1.13M 0.80% | 1.17M | 0.00 | 0.00 |
GROUPON INCSOLE | NOTE 1.125% 3/1 | 1.12M | PRN | $1.10M 0.78% | 1.12M | 0.00 | 0.00 |
ZEO ENERGY CORPSOLE | CL A | 677.71K | SH | $738.7K 0.52% | 677.71K | 0.00 | 0.00 |
MAGNITE INCSOLE | NOTE 0.250% 3/1 | 700K | PRN | $683.9K 0.48% | 700K | 0.00 | 0.00 |
RINGCENTRAL INCSOLE | NOTE 3/1 | 455K | PRN | $449.5K 0.32% | 455K | 0.00 | 0.00 |
HAEMONETICS CORP MASSSOLE | NOTE 3/0 | 339K | PRN | $334.8K 0.24% | 339K | 0.00 | 0.00 |
SHATTUCK LABS INCSOLE | COM | 39.47K | SH | $144.1K 0.10% | 39.47K | 0.00 | 0.00 |
PEBBLEBROOK HOTEL TRSOLE | NOTE 1.750%12/1 | 84K | PRN | $81.1K 0.06% | 84K | 0.00 | 0.00 |
WAYFAIR INCSOLE | NOTE 1.000% 8/1 | 34K | PRN | $33.8K 0.02% | 34K | 0.00 | 0.00 |