Piper Sandler & Co.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 8, 2024), Piper Sandler & Co. reported 3 stock positions worth $228 thousand. Its top holding was Shattuck Labs (STTK) at 66.9% of the portfolio, followed by Profrac Class A (ACDC, 26.5%) and KVH Industries (KVHI, 6.6%). Compared with Q1 2024, it opened 1 new position and sold out of 2. The biggest buy was a new position in KVH Industries (KVHI) and the biggest sale an exit from Zeo Energy (ZEO).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0000724683
- Portfolio Value
- $228K (Q2 2024)
- SEC Filing
- 0000724683-24-000028 ↗ filed Aug 8, 2024
Holdings Value
Holdings 3 stocks · $228K
| STTK Shattuck Labs Inc. | 66.86% | 39,467 | $152K | No change |
| ACDC Profrac Holding Corp. Class A | 26.55% | 8,164 | $60K | No change |
| KVHI KVH Industries Inc. | 6.59% | 3,230 | $15K | New |
Other holdings (14): bonds, preferreds, convertibles and warrants · $127.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EAGLE BULK SHIPPING INC (EGLE 5 08/01/24) | NOTE 5.000% 8/0 · principal | 15,031,000 | $31.4M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 1.5 08/15/24) | NOTE 1.500% 8/1 · principal | 27,196,000 | $27.0M | Add +283.0% |
| BIOMARIN PHARMACEUTICAL (BMRN 0.599 08/01/24) | NOTE 0.599% 8/0 · principal | 21,581,000 | $21.3M | New |
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | 14,062,000 | $13.9M | Add +31.4% |
| TURNING POINT BRANDS INC (TPB 2.5 07/15/24) | NOTE 2.500% 7/1 · principal | 12,907,000 | $12.8M | Add +444.1% |
| REDWOOD TRUST INC (RWT 5.625 07/15/24) | NOTE 5.625% 7/1 · principal | 4,773,000 | $4.7M | Add +217.1% |
| CHEGG INC (CHGG 0.125 03/15/25) | NOTE 0.125% 3/1 · principal | 5,000,000 | $4.6M | Reduce -43.8% |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | NOTE 6.375% 3/0 · principal | 4,044,000 | $4.0M | Add +1107.2% |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 2,750,000 | $2.7M | Reduce -8.3% |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 2,300,000 | $2.1M | New |
| BLACKLINE INC (BL 0.125 08/01/24) | NOTE 0.125% 8/0 · principal | 1,536,000 | $1.5M | New |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 684,000 | $1.4M | Reduce -96.2% |
| I3 VERTICALS LLC (IIIV 1 02/15/25) | NOTE 1.000% 2/1 · principal | 97,000 | $93K | No change |
| REEWF Cartesian Growth Corp. II -28 | *W EXP 07/12/202 | 402,500 | $41K | No change |
Total filed on the 13F, all lines: $127.9M.
Portfolio Sells Q1 2024 → Q2 2024
Portfolio Buys Q1 2024 → Q2 2024
| KVHI KVH Industries Inc. | New | 6.59% | +6.59 |
Notes & Other Activity Q1 2024 → Q2 2024
| EAGLE BULK SHIPPING INC (EGLE 5 08/01/24) | NOTE 5.000% 8/0 · principal | New | 15,031,000 | $31.4M |
| JAZZ INVESTMENTS I LTD (JAZZ 1.5 08/15/24) | NOTE 1.500% 8/1 · principal | Add +283.0% | 27,196,000 | $27.0M |
| NEUROCRINE BIOSCIENCES (NBIX 2.25 05/15/24) | NOTE 2.250% 5/1 · principal | Sold out | 13,559,000 | $24.6Mbefore exit |
| BIOMARIN PHARMACEUTICAL (BMRN 0.599 08/01/24) | NOTE 0.599% 8/0 · principal | New | 21,581,000 | $21.3M |
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | Add +31.4% | 14,062,000 | $13.9M |
| TURNING POINT BRANDS INC (TPB 2.5 07/15/24) | NOTE 2.500% 7/1 · principal | Add +444.1% | 12,907,000 | $12.8M |
| PIONEER NATURAL RESOURCE (PXD 0.25 05/15/25) | NOTE 0.250% 5/1 · principal | Sold out | 4,422,000 | $12.4Mbefore exit |
| MFA FINANCIAL INC (MFA 6.25 06/15/24) | NOTE 6.250% 6/1 · principal | Sold out | 10,726,000 | $10.7Mbefore exit |
| PARAMOUNT GLOBAL (SKYD 5.75 04/01/24 A) | 5.75% CONV PFD A | Sold out | 382,515 | $5.3Mbefore exit |
| BILIBILI INC (BILI 1.375 04/01/26) | NOTE 1.375% 4/0 · principal | Sold out | 5,000,000 | $5.0Mbefore exit |
| REDWOOD TRUST INC (RWT 5.625 07/15/24) | NOTE 5.625% 7/1 · principal | Add +217.1% | 4,773,000 | $4.7M |
| CHEGG INC (CHGG 0.125 03/15/25) | NOTE 0.125% 3/1 · principal | Reduce -43.8% | 5,000,000 | $4.6M |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | NOTE 6.375% 3/0 · principal | Add +1107.2% | 4,044,000 | $4.0M |
| KAMAN CORP (KAMN 3.25 05/01/24) | NOTE 3.250% 5/0 · principal | Sold out | 3,288,000 | $3.3Mbefore exit |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | Reduce -8.3% | 2,750,000 | $2.7M |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | New | 2,300,000 | $2.1M |
| BLACKLINE INC (BL 0.125 08/01/24) | NOTE 0.125% 8/0 · principal | New | 1,536,000 | $1.5M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -96.2% | 684,000 | $1.4M |
| CLARIVATE PLC (CLVT 5.25 06/01/24 A) | 5.25% PFD CONV A | Sold out | 545 | $16Kbefore exit |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | Sold out | 29,719 | $2Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 0 | $0 | |
| Q1 2026 | 2 | $545K | ZEO, STTK |
| Q4 2025 | 2 | $883K | ZEO, STTK |
| Q3 2025 | 4 | $1.5M | ZEO, CDE, STTK, ACDC |
| Q2 2025 | 2 | $95K | ACDC, STTK |
| Q1 2025 | 4 | $826K | NBBK, ACDC, STTK, SEI |
| Q4 2024 | 3 | $113K | ACDC, STTK, RNST |
| Q3 2024 | 4 | $194K | STTK, ACDC, FSEA, BRBS |
| Q2 2024 | 3 | $228K | STTK, ACDC, KVHI |
| Q1 2024 | 4 | $855K | STTK, ZEO, OPFI, ACDC |