SEC Filing Summary: Piper Jaffray Companies (Form 13F-HR)
Business Context and Reporting Period
This filing is a Form 13F Holdings Report submitted by Piper Jaffray Companies (also referenced as Piper Sandler Companies in metadata) for the quarter ended June 30, 2009. The report was signed by Tim Carter, Treasurer, on July 30, 2009. It discloses the institutional investment manager's holdings in equity securities and certain debt instruments.
Key Financial Metrics
- Total Reported Value: $16,854,000 (reported in thousands).
- Total Number of Holdings: 41 entries.
- Asset Composition: The portfolio consists of a mix of common stocks (COM) and corporate notes/bonds (NOTE/FRNT/DBCV).
- Top Holdings by Value:
- SunPower Corp (Debt): $2,139,000
- Magma Design Automation (Debt): $1,790,000
- Cadence Design System (Debt): $1,650,000
- Pharmaceutical Res Inc (Debt): $1,436,000
- AirTran Holdings Inc (Debt): $3,820,000
Material Changes
The filing text does not provide comparative data for the prior quarter (March 31, 2009). Consequently, material changes in holdings, additions, or deletions versus the prior period cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosures of holdings and do not contain management guidance, forward-looking outlooks, or risk factor commentary. The report indicates that all reported holdings are under Sole Discretion (Column 8 shows "NONE" for shared discretion).
Investor Verification Checklist
- Verify the total portfolio value of $16.85 million against the firm's broader asset management scale to determine if this represents a specific sub-account or the total managed portfolio.
- Confirm the nature of the "Note" and "Front" holdings, as a significant portion of the reported value is in fixed-income instruments rather than equity.
- Check subsequent filings to track the disposition of the large AirTran Holdings Inc ($3.82M) and SunPower Corp ($2.14M) positions.
- Note that the filing lists "Piper Jaffray Companies" as the filer, while the metadata references "Piper Sandler Companies"; verify if these represent the same legal entity or distinct divisions.