Q1 2026 · 13F-HR
PIPER SANDLER & CO.holdings as filed
Filed 2026-05-12 · accession 0000724683-26-000047
The Brief · PIPER SANDLER & CO. · Q1 2026
AI · grounded in 13F
PIPER SANDLER & CO. established a new position in PENN ENTERTAINMENT INC [[stock:PENN 2.75 05/15/26]] valued at $19.02M. The fund also added new holdings in MGP INGREDIENTS INC NEW [[stock:MGPI 1.875 11/15/41]] for $17.17M and CRACKER BARREL OLD CTRY STOR [[stock:CBRL 0.625 06/15/26]] for $15.08M. Other new entries include AMERICAN WTR CAP CORP [[stock:AWK 3.625 06/15/26]] and UPSTART HLDGS INC [[stock:UPST 0.25 08/15/26]].
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 707569AU3 | PENN 2.75 05/15/26 | PENN ENTERTAINMENT INC | $19.0M | 18.6% | 19,267,000 | Common | SOLE |
| 55303JAB2 | MGPI 1.875 11/15/41 | MGP INGREDIENTS INC NEW | $17.2M | 16.8% | 18,027,000 | Common | SOLE |
| 22410JAB2 | CBRL 0.625 06/15/26 | CRACKER BARREL OLD CTRY STOR | $15.1M | 14.8% | 15,420,000 | Common | SOLE |
| 03040WBE4 | AWK 3.625 06/15/26 | AMERICAN WTR CAP CORP | $11.7M | 11.5% | 11,830,000 | Common | SOLE |
| 91680MAB3 | UPST 0.25 08/15/26 | UPSTART HLDGS INC | $8.7M | 8.54% | 8,956,000 | Common | SOLE |
| 09257WAE0 | BXMT 5.5 03/15/27 | BLACKSTONE MORTGAGE TRUST IN | $7.1M | 6.95% | 7,183,000 | Common | SOLE |
| 57164YAF4 | VAC 3.25 12/15/27 | MARRIOTT VACATIONS WORLDWIDE | $5.3M | 5.19% | 5,556,000 | Common | SOLE |
| 87918AAF2 | TDOC 1.25 06/01/27 | TELADOC HEALTH INC | $4.7M | 4.59% | 4,932,000 | Common | SOLE |
| 758075AF2 | RWT 7.75 06/15/27 | REDWOOD TRUST INC | $4.0M | 3.88% | 3,963,000 | Common | SOLE |
| 48123VAE2 | ZD 1.75 11/01/26 | ZIFF DAVIS INC | $2.6M | 2.55% | 2,677,000 | Common | SOLE |
| 91688FAB0 | UPWK 0.25 08/15/26 | UPWORK INC | $2.5M | 2.49% | 2,610,000 | Common | SOLE |
| 26441CBY0 | DUK 4.125 04/15/26 | DUKE ENERGY CORP NEW | $1.9M | 1.87% | 1,706,000 | Common | SOLE |
| 743312AB6 | PRGS 1 04/15/26 | PROGRESS SOFTWARE CORP | $897,750 | 0.88% | 900,000 | Common | SOLE |
| 74736LAD1 | QTWO 0.75 06/01/26 | Q2 HLDGS INC | $387,426 | 0.38% | 390,000 | Common | SOLE |
| 98944F109 | ZEO | ZEO ENERGY CORP | $291,306 | 0.29% | 507,502 | Common | SOLE |
| 82024L103 | STTK | SHATTUCK LABS INC | $253,773 | 0.25% | 39,467 | Common | SOLE |
| 00827BAB2 | AFRM 0 11/15/26 | AFFIRM HLDGS INC | $185,760 | 0.18% | 192,000 | Common | SOLE |
| 19260QAB3 | COIN 0.5 06/01/26 | COINBASE GLOBAL INC | $137,860 | 0.14% | 139,000 | Common | SOLE |
| 70509VAA8 | PEB 1.75 12/15/26 | PEBBLEBROOK HOTEL TR | $81,818 | 0.08% | 84,000 | Common | SOLE |
| 94419LAF8 | W 1 08/15/26 | WAYFAIR INC | $31,960 | 0.03% | 34,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.