Instuitional Investor - Piper Jaffray & Co.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Penn Entertainment Inc.BOND	PENN	19,267,000	$19,018,456	18.64%
2.	Mgp Ingredients IncBOND	MGPI	18,027,000	$17,170,718	16.83%
3.	Cracker Barrel Old Country Store IncBOND	CBRL	15,420,000	$15,082,688	14.78%
4.	American Water Works Company Inc.BOND	AWK	11,830,000	$11,693,955	11.46%
5.	Upstart Holdings Inc.BOND	UPST	8,956,000	$8,711,501	8.54%