Piper Sandler & Co.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Piper Sandler & Co. reported 4 stock positions worth $194 thousand. Its top holding was Shattuck Labs (STTK) at 70.9% of the portfolio, followed by Profrac Class A (ACDC, 28.5%) and First Seacoast Bancorp (FSEA, 0.4%). Compared with Q2 2024, it opened 2 new positions and sold out of 1. The biggest buy was a new position in First Seacoast Bancorp (FSEA) and the biggest sale an exit from KVH Industries (KVHI).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0000724683
- Portfolio Value
- $194K (Q3 2024)
- SEC Filing
- 0000724683-24-000049 ↗ filed Nov 13, 2024
Holdings Value
Holdings 4 stocks · $194K
| STTK Shattuck Labs Inc. | 70.91% | 39,467 | $138K | No change |
| ACDC Profrac Holding Corp. Class A | 28.54% | 8,164 | $55K | No change |
| FSEA First Seacoast Bancorp Inc. | 0.44% | 94 | $853 | New |
| BRBS Blue Ridge Bankshares Inc. | 0.12% | 82 | $230 | New |
Other holdings (33): bonds, preferreds, convertibles and warrants · $148.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| INSIGHT ENTERPRS (NSIT 0.75 02/15/25) | NOTE 0.750% 2/1 · principal | 5,041,000 | $15.8M | New |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 7,250,000 | $15.8M | New |
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | 15,812,000 | $15.7M | Add +12.4% |
| CHART INDUSTRIES INC (GTLS 1 11/15/24) | NOTE 1.000%11/1 · principal | 5,871,000 | $12.3M | New |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 11,750,000 | $11.5M | New |
| PEGASYSTEMS INC (PEGA 0.75 03/01/25) | NOTE 0.750% 3/0 · principal | 10,885,000 | $10.6M | New |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 8,350,000 | $7.8M | Add +263.0% |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | 5,385,000 | $5.3M | New |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | 5,000,000 | $4.9M | New |
| CHEGG INC (CHGG 0.125 03/15/25) | NOTE 0.125% 3/1 · principal | 5,000,000 | $4.8M | No change |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 5,000,000 | $4.8M | New |
| ENVESTNET INC (ENV 2.625 12/01/27) | NOTE 2.625%12/0 · principal | 4,000,000 | $4.3M | New |
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | 3,863,000 | $3.8M | New |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | 2,000,000 | $3.6M | New |
| BILIBILI INC (BILI 0.5 12/01/26) | NOTE 0.500%12/0 · principal | 3,500,000 | $3.5M | New |
| NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25) | NOTE 2.500% 5/1 · principal | 3,130,000 | $3.1M | New |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | NOTE 6.375% 3/0 · principal | 2,544,000 | $2.6M | Reduce -37.1% |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | 2,605,000 | $2.5M | New |
| I3 VERTICALS LLC (IIIV 1 02/15/25) | NOTE 1.000% 2/1 · principal | 2,041,000 | $2.0M | Add +2004.1% |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | 2,000,000 | $1.9M | New |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 2,000,000 | $1.9M | New |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 1,750,000 | $1.8M | Reduce -36.4% |
| LIVONGO HEALTH (TDOC 0.875 06/01/25) | NOTE 0.875% 6/0 · principal | 1,633,000 | $1.6M | New |
| EVENTBRITE INC (EB 5 12/01/25) | NOTE 5.000%12/0 · principal | 1,500,000 | $1.5M | New |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | 1,500,000 | $1.5M | New |
| IONIS PHARMACEUTICALS IN (IONS 0.125 12/15/24) | NOTE 0.125%12/1 · principal | 1,000,000 | $983K | New |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 1,000,000 | $885K | New |
| AIR TRANSPORT SERVICES G (ATSG 1.125 10/15/24) | NOTE 1.125%10/1 · principal | 801,000 | $804K | New |
| WAYFAIR INC (W 1.125 11/01/24) | NOTE 1.125%11/0 · principal | 450,000 | $441K | New |
| PAGERDUTY INC. (PD 1.25 07/01/25) | NOTE 1.250% 7/0 · principal | 200,000 | $190K | New |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 90,000 | $86K | New |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 11,000 | $38K | Reduce -98.4% |
| REEWF Cartesian Growth Corp. II -28 | *W EXP 07/12/202 | 402,500 | $24K | No change |
Total filed on the 13F, all lines: $148.2M.
Portfolio Sells Q2 2024 → Q3 2024
| KVHI KVH Industries Inc. | Sold out | 0.00% | −6.59 |
Portfolio Buys Q2 2024 → Q3 2024
Notes & Other Activity Q2 2024 → Q3 2024
| EAGLE BULK SHIPPING INC (EGLE 5 08/01/24) | NOTE 5.000% 8/0 · principal | Sold out | 15,031,000 | $31.4Mbefore exit |
| JAZZ INVESTMENTS I LTD (JAZZ 1.5 08/15/24) | NOTE 1.500% 8/1 · principal | Sold out | 27,196,000 | $27.0Mbefore exit |
| BIOMARIN PHARMACEUTICAL (BMRN 0.599 08/01/24) | NOTE 0.599% 8/0 · principal | Sold out | 21,581,000 | $21.3Mbefore exit |
| INSIGHT ENTERPRS (NSIT 0.75 02/15/25) | NOTE 0.750% 2/1 · principal | New | 5,041,000 | $15.8M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | New | 7,250,000 | $15.8M |
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | Add +12.4% | 15,812,000 | $15.7M |
| TURNING POINT BRANDS INC (TPB 2.5 07/15/24) | NOTE 2.500% 7/1 · principal | Sold out | 12,907,000 | $12.8Mbefore exit |
| CHART INDUSTRIES INC (GTLS 1 11/15/24) | NOTE 1.000%11/1 · principal | New | 5,871,000 | $12.3M |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | New | 11,750,000 | $11.5M |
| PEGASYSTEMS INC (PEGA 0.75 03/01/25) | NOTE 0.750% 3/0 · principal | New | 10,885,000 | $10.6M |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | Add +263.0% | 8,350,000 | $7.8M |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | New | 5,385,000 | $5.3M |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | New | 5,000,000 | $4.9M |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | New | 5,000,000 | $4.8M |
| REDWOOD TRUST INC (RWT 5.625 07/15/24) | NOTE 5.625% 7/1 · principal | Sold out | 4,773,000 | $4.7Mbefore exit |
| ENVESTNET INC (ENV 2.625 12/01/27) | NOTE 2.625%12/0 · principal | New | 4,000,000 | $4.3M |
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | New | 3,863,000 | $3.8M |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | New | 2,000,000 | $3.6M |
| BILIBILI INC (BILI 0.5 12/01/26) | NOTE 0.500%12/0 · principal | New | 3,500,000 | $3.5M |
| NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25) | NOTE 2.500% 5/1 · principal | New | 3,130,000 | $3.1M |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | NOTE 6.375% 3/0 · principal | Reduce -37.1% | 2,544,000 | $2.6M |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | New | 2,605,000 | $2.5M |
| I3 VERTICALS LLC (IIIV 1 02/15/25) | NOTE 1.000% 2/1 · principal | Add +2004.1% | 2,041,000 | $2.0M |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | New | 2,000,000 | $1.9M |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | New | 2,000,000 | $1.9M |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | Reduce -36.4% | 1,750,000 | $1.8M |
| LIVONGO HEALTH (TDOC 0.875 06/01/25) | NOTE 0.875% 6/0 · principal | New | 1,633,000 | $1.6M |
| BLACKLINE INC (BL 0.125 08/01/24) | NOTE 0.125% 8/0 · principal | Sold out | 1,536,000 | $1.5Mbefore exit |
| EVENTBRITE INC (EB 5 12/01/25) | NOTE 5.000%12/0 · principal | New | 1,500,000 | $1.5M |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | New | 1,500,000 | $1.5M |
| IONIS PHARMACEUTICALS IN (IONS 0.125 12/15/24) | NOTE 0.125%12/1 · principal | New | 1,000,000 | $983K |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | New | 1,000,000 | $885K |
| AIR TRANSPORT SERVICES G (ATSG 1.125 10/15/24) | NOTE 1.125%10/1 · principal | New | 801,000 | $804K |
| WAYFAIR INC (W 1.125 11/01/24) | NOTE 1.125%11/0 · principal | New | 450,000 | $441K |
| PAGERDUTY INC. (PD 1.25 07/01/25) | NOTE 1.250% 7/0 · principal | New | 200,000 | $190K |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | New | 90,000 | $86K |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -98.4% | 11,000 | $38K |
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 |