SEC Filing Summary: Piper Jaffray Companies (13F-HR)
Business Context and Reporting Period
This Form 13F-HR is a quarterly holdings report filed by Piper Jaffray Companies (also referenced as Piper Sandler Companies in metadata) for the period ended December 31, 2008. The report was signed by Tim Carter, Treasurer, on February 9, 2009. It details the equity securities held by the institutional investment manager at the end of the quarter.
Key Financial Metrics
As a Form 13F filing, this document reports portfolio holdings rather than the company's own operating financials (revenue, profit, cash flow). Key portfolio metrics include:
- Total Portfolio Value: $17,968,000 (reported in thousands).
- Total Number of Holdings: 52 entries.
- Asset Classes: Common stock, preferred stock, convertible notes, and options (calls and puts).
- Top Holdings by Value:
- AmerisourceBergen Corp (Call): $3,188,000
- Greatbatch Inc (Convertible Note): $2,834,000
- NYSE Euronext: $1,741,000
- Magma Design Automation (Note): $1,639,000
- AmerisourceBergen Corp (Put): $1,662,000
Material Changes and Portfolio Composition
The filing does not provide comparative data against the prior quarter (September 30, 2008) to determine material changes in position size or turnover. The portfolio reflects a mix of long equity positions and derivative strategies (calls and puts) on specific issuers such as AmerisourceBergen, Pharmacia, and Yahoo. Significant exposure is noted in fixed-income-like instruments, including convertible notes from Greatbatch Inc and Magma Design Automation.
Guidance, Risks, and Contingencies
This filing type does not contain management guidance, forward-looking statements, or risk factor disclosures regarding the reporting manager's operations. The report strictly lists securities held with sole, shared, or discretionary authority. No unusual items or contingencies are disclosed within the text of this specific form.
Investor Verification Checklist
- Verify the total portfolio value of $17.97 million against the firm's broader asset management scale to understand the scope of this specific reporting entity.
- Confirm the nature of the "Put" and "Call" positions (e.g., AmerisourceBergen, Pharmacia) to assess hedging strategies versus speculative bets.
- Review the concentration risk in the top 5 holdings, which represent a significant portion of the reported $17.97 million total.
- Note that this filing reflects positions as of Dec 31, 2008, a period of significant market volatility; verify subsequent filings for post-crisis portfolio adjustments.