Penn Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ANI PHARMACEUTICALS INC	NOTE	00182CAA1	5,674	4,977,000	PRN		SOLE		4,977,000	0	0
* ACORDA THERAPEUTICS INC	COM	00484M106	13,006	390,212	SH		SOLE		390,212	0	0
ACORDA THERAPEUTICS INC	NOTE	00484MAA4	7,489	7,397,000	PRN		SOLE		7,397,000	0	0
ACTIVE POWER INC	COM	00504W308	1,557	774,457	SH		SOLE		774,457	0	0
AIRTRAN HLDGS INC	NOTE	00949PAD0	1,976	818,000	PRN		SOLE		818,000	0	0
* AKAMAI TECHNOLOGIES INC	COM	00971T101	10,979	157,242	SH		SOLE		157,242	0	0
* AKORN INC	COM	009728106	12,062	276,260	SH		SOLE		276,260	0	0
AKORN INC	NOTE	009728AB2	3,993	803,000	PRN		SOLE		803,000	0	0
* ALBEMARLE CORP	COM	012653101	1,969	35,625	SH		SOLE		35,625	0	0
* ALLIANCE DATA SYSTEMS CORP	COM	018581108	2,952	10,110	SH		SOLE		10,110	0	0
ALTEVA	COM	02153V102	2,009	279,748	SH		SOLE		279,748	0	0
*AMERICAN AIRLS GROUP INC	COM	02376R102	2,368	59,292	SH		SOLE		59,292	0	0
APPROACH RESOURCES INC	COM	03834A103	167	24,412	SH		SOLE		24,412	0	0
* AXIALL CORP	COM	05463D100	2,440	67,695	SH		SOLE		67,695	0	0
BNC BANCORP	COM	05566T101	2,378	123,022	SH		SOLE		123,022	0	0
* BANKUNITED INC	COM	06652K103	14,222	395,830	SH		SOLE		395,830	0	0
* BARRETT BILL CORP	COM	06846N104	4,250	494,760	SH		SOLE		494,760	0	0
* BEACON ROOFING SUPPLY INC	COM	073685109	20,156	606,743	SH		SOLE		606,743	0	0
BEAZER HOMES USA INC	COM NEW	07556Q881	23,569	1,181,408	SH		SOLE		1,181,408	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	4,918	151,780	SH		SOLE		151,780	0	0
BIODELIVERY SCIENCES INTL IN	COM	09060J106	11,737	1,474,528	SH		SOLE		1,474,528	0	0
BLOOMIN BRANDS INC	COM	094235108	10,468	490,293	SH		SOLE		490,293	0	0
* BONANZA CREEK ENERGY INC	COM	097793103	1,371	75,146	SH		SOLE		75,146	0	0
* BOYD GAMING CORP	COM	103304101	20,719	1,385,862	SH		SOLE		1,385,862	0	0
BRIDGE BANCORP INC	COM	108035106	5,320	199,343	SH		SOLE		199,343	0	0
* BRIGGS & STRATTON CORP	COM	109043109	9,505	493,509	SH		SOLE		493,509	0	0
* BRUNSWICK CORP	COM	117043109	2,381	46,814	SH		SOLE		46,814	0	0
*BURLINGTON STORES INC	COM	122017106	21,240	414,853	SH		SOLE		414,853	0	0
* CBS CORP NEW	CL B	124857202	1,529	27,548	SH		SOLE		27,548	0	0
* CBRE GROUP INC	CL A	12504L109	2,669	72,129	SH		SOLE		72,129	0	0
CPI AEROSTRUCTURES INC	COM NEW	125919308	4,559	455,430	SH		SOLE		455,430	0	0
* CABOT OIL & GAS CORP	COM	127097103	1,059	33,566	SH		SOLE		33,566	0	0
* CADENCE DESIGN SYSTEM INC	COM	127387108	11,776	598,971	SH		SOLE		598,971	0	0
CALERES INC	COM	129500104	2,731	85,925	SH		SOLE		85,925	0	0
CALLIDUS SOFTWARE INC	COM	13123E500	1,162	74,556	SH		SOLE		74,556	0	0
* CALLON PETE CO DEL	COM	13123X102	2,116	254,278	SH		SOLE		254,278	0	0
* CAMBREX CORP	COM	132011107	15,862	361,001	SH		SOLE		361,001	0	0
* CAMERON INTERNATIONAL CORP	COM	13342B105	1,541	29,425	SH		SOLE		29,425	0	0
CAPITAL BK FINL CORP	CL A CO	139794101	26,521	912,299	SH		SOLE		912,299	0	0
CAPITOL ACQUISITION CORP II	COM	14056V105	3,162	299,730	SH		SOLE		299,730	0	0
CARDIOVASCULAR SYS INC DEL	COM	141619106	13,574	513,185	SH		SOLE		513,185	0	0
* CARLISLE COS INC	COM	142339100	11,454	114,407	SH		SOLE		114,407	0	0
CARMIKE CINEMAS INC	COM	143436400	5,842	220,108	SH		SOLE		220,108	0	0
* CARRIZO OIL & CO INC	COM	144577103	581	11,806	SH		SOLE		11,806	0	0
* CAVIUM INC	COM	14964U108	25,847	375,627	SH		SOLE		375,627	0	0
* CELADON GROUP INC	COM	150838100	6,395	309,232	SH		SOLE		309,232	0	0
* CENTENE CORP DEL	COM	15135B101	15,783	196,307	SH		SOLE		196,307	0	0
CENTERSTATE BKS FLA INC	COM	15201P109	1,559	115,363	SH		SOLE		115,363	0	0
* CHICOS FAS INC	COM	168615102	4,737	284,832	SH		SOLE		284,832	0	0
CHUYS HLDGS INC	COM	171604101	17,670	659,557	SH		SOLE		659,557	0	0
CIENA CORP	NOTE	171779AE1	236	235,000	PRN		SOLE		235,000	0	0
COBIZ FINANCIAL INC	COM	190897108	8,633	660,506	SH		SOLE		660,506	0	0
*COLUMBIA PPTY TR INC	COM NEW	198287203	4,490	182,906	SH		SOLE		182,906	0	0
* COMMUNITY HEALTH SYS INC N	COM	203668108	10,789	171,342	SH		SOLE		171,342	0	0
CONTINENTAL BLDG PRODS INC	COM	211171103	4,476	211,243	SH		SOLE		211,243	0	0
CROWN CASTLE INTL CORP	CNV PFD	22822V200	4,687	45,420	SH		SOLE		45,420	0	0
* CROWN HOLDINGS INC	COM	228368106	1,634	30,878	SH		SOLE		30,878	0	0
* DEALERTRACK HLDGS INC	COM	242309102	6,458	102,857	SH		SOLE		102,857	0	0
DEALERTRACK TECHNOLOGIES INC	NOTE	242309AB8	891	528,000	PRN		SOLE		528,000	0	0
DEL FRISCOS RESTAURANT GROUP	COM	245077102	16,156	867,181	SH		SOLE		867,181	0	0
* DEPOMED INC	COM	249908104	26,386	1,229,527	SH		SOLE		1,229,527	0	0
DEPOMED INC	NOTE	249908AA2	6,864	5,357,000	PRN		SOLE		5,357,000	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	1,183	15,700	SH		SOLE		15,700	0	0
DIXIE GROUP INC	CL A	255519100	6,461	615,341	SH		SOLE		615,341	0	0
EAGLE BANCORP INC MD	COM	268948106	9,809	223,131	SH		SOLE		223,131	0	0
ECLIPSE RES CORP	COM	27890G100	213	40,454	SH		SOLE		40,454	0	0
8X8 INC NEW	COM	282914100	15,854	1,769,459	SH		SOLE		1,769,459	0	0
ELDORADO RESORTS INC	COM	28470R102	2,762	353,249	SH		SOLE		353,249	0	0
ELLIS PERRY INTL INC	COM	288853104	4,087	171,928	SH		SOLE		171,928	0	0
* EMCORE CORP	COM NEW	290846203	4,408	732,282	SH		SOLE		732,282	0	0
* ENPRO INDS INC	COM	29355X107	10,125	176,954	SH		SOLE		176,954	0	0
* ENTERCOM COMMUNICATIONS CO	CL A	293639100	377	32,975	SH		SOLE		32,975	0	0
* ENTRAVISION COMMUNICATIONS	CL A	29382R107	3,342	406,113	SH		SOLE		406,113	0	0
* ESSEX PPTY TR INC	COM	297178105	1,628	7,662	SH		SOLE		7,662	0	0
* EVERBANK FINL CORP	COM	29977G102	19,024	968,138	SH		SOLE		968,138	0	0
* EXPRESS INC	COM	30219E103	4,008	221,300	SH		SOLE		221,300	0	0
FCB FINL HLDGS INC	CL A	30255G103	11,181	351,608	SH		SOLE		351,608	0	0
FXCM INC	NOTE	302693AB2	3,499	4,187,000	PRN		SOLE		4,187,000	0	0
* FAIR ISAAC CORP	COM	303250104	11,631	128,128	SH		SOLE		128,128	0	0
* FELCOR LODGING TR INC	COM	31430F101	15,728	1,591,891	SH		SOLE		1,591,891	0	0
* FINISAR CORP	COM NEW	31787A507	25,863	1,447,282	SH		SOLE		1,447,282	0	0
FINISAR CORP	NOTE	31787AAM3	6,829	7,049,000	PRN		SOLE		7,049,000	0	0
*FIREEYE INC	COM	31816Q101	2,611	53,390	SH		SOLE		53,390	0	0
* FIRST HORIZON NATL CORP	COM	320517105	8,455	539,593	SH		SOLE		539,593	0	0
FIRST NBC BK HLDG CO	COM	32115D106	9,406	261,275	SH		SOLE		261,275	0	0
* FIRSTMERIT CORP	COM	337915102	12,125	582,102	SH		SOLE		582,102	0	0
* FLAMEL TECHNOLOGIES SA	SPONSOR	338488109	2,486	117,322	SH		SOLE		117,322	0	0
FLUIDIGM CORP DEL	NOTE	34385PAA6	525	597,000	PRN		SOLE		597,000	0	0
* FOREST CITY ENTERPRISES IN	CL A	345550107	6,093	275,684	SH		SOLE		275,684	0	0
FORTINET INC	COM	34959E109	11,762	284,590	SH		SOLE		284,590	0	0
* FREDS INC	CL A	356108100	6,128	317,689	SH		SOLE		317,689	0	0
FRONTIER COMMUNICATIONS CORP	PFD CON	35906A207	5,684	56,900	SH		SOLE		56,900	0	0
*GAMING & LEISURE PPTYS INC	COM	36467J108	6,459	176,194	SH		SOLE		176,194	0	0
GASTAR EXPL INC NEW	COM	36729W202	3,483	1,127,292	SH		SOLE		1,127,292	0	0
GENERAC HLDGS INC	COM	368736104	6,386	160,649	SH		SOLE		160,649	0	0
* GENESEE & WYO INC	CL A	371559105	4,224	55,454	SH		SOLE		55,454	0	0
GIGOPTIX INC	COM	37517Y103	5,028	2,957,404	SH		SOLE		2,957,404	0	0
* GOGO INC	COM	38046C109	10,752	501,718	SH		SOLE		501,718	0	0
* GOODRICH PETE CORP	COM NEW	382410405	2,618	1,407,788	SH		SOLE		1,407,788	0	0
GOODRICH PETE CORP	NOTE	382410AG3	6,990	13,980,000	PRN		SOLE		13,980,000	0	0
GRAY TELEVISION INC	COM	389375106	22,797	1,453,902	SH		SOLE		1,453,902	0	0
* GULFPORT ENERGY CORP	COM NEW	402635304	15,510	385,353	SH		SOLE		385,353	0	0
HD SUPPLY HLDGS INC	COM	40416M105	11,965	340,103	SH		SOLE		340,103	0	0
* HFF INC	CL A	40418F108	13,706	328,442	SH		SOLE		328,442	0	0
* HNI CORP	COM	404251100	12,935	252,885	SH		SOLE		252,885	0	0
* HALCON RES CORP	COM NEW	40537Q209	43	37,170	SH		SOLE		37,170	0	0
* HANCOCK HLDG CO	COM	410120109	3,970	124,413	SH		SOLE		124,413	0	0
* HANESBRANDS INC	COM	410345102	1,799	54,004	SH		SOLE		54,004	0	0
* HARTFORD FINL SVCS GROUP I	COM	416515104	1,982	47,687	SH		SOLE		47,687	0	0
* HAWAIIAN HOLDINGS INC	COM	419879101	13,132	552,939	SH		SOLE		552,939	0	0
HERITAGE FINL CORP WASH	COM	42722X106	7,515	420,542	SH		SOLE		420,542	0	0
HI-CRUSH PARTNERS LP	COM UNI	428337109	479	15,616	SH		SOLE		15,616	0	0
* HOMEAWAY INC	COM	43739Q100	13,558	435,677	SH		SOLE		435,677	0	0
HOMEAWAY INC	NOTE	43739QAB6	4,784	4,993,000	PRN		SOLE		4,993,000	0	0
* HUB GROUP INC	CL A	443320106	2,638	65,391	SH		SOLE		65,391	0	0
* HUNTSMAN CORP	COM	447011107	11,095	502,700	SH		SOLE		502,700	0	0
* IAC INTERACTIVECORP	COM PAR	44919P508	9,259	116,234	SH		SOLE		116,234	0	0
* ISTAR FINL INC	COM	45031U101	4,340	325,832	SH		SOLE		325,832	0	0
* ILLUMINA INC	COM	452327109	2,114	9,683	SH		SOLE		9,683	0	0
ILLUMINA INC	NOTE	452327AF6	380	325,000	PRN		SOLE		325,000	0	0
ILLUMINA INC	NOTE	452327AH2	5,272	4,280,000	PRN		SOLE		4,280,000	0	0
* IMAX CORP	COM	45245E109	11,653	289,362	SH		SOLE		289,362	0	0
IMPAX LABORATORIES INC	COM	45256B101	25,197	548,711	SH		SOLE		548,711	0	0
INDEPENDENCE CONTRACT DRIL I	COM	453415309	126	14,169	SH		SOLE		14,169	0	0
* INFINERA CORPORATION	COM	45667G103	16,784	799,991	SH		SOLE		799,991	0	0
INVENTURE FOODS INC	COM	461212102	2,359	232,388	SH		SOLE		232,388	0	0
ISHARES TR	HIGH YL	464288513	648	7,295	SH		SOLE		7,295	0	0
JONES ENERGY INC	COM CL	48019R108	2,429	268,394	SH		SOLE		268,394	0	0
* JONES LANG LASALLE INC	COM	48020Q107	7,996	46,758	SH		SOLE		46,758	0	0
KCG HLDGS INC	CL A	48244B100	13,085	1,061,197	SH		SOLE		1,061,197	0	0
* KAISER ALUMINUM CORP	COM PAR	483007704	10,270	123,620	SH		SOLE		123,620	0	0
* KIRBY CORP	COM	497266106	6,553	85,486	SH		SOLE		85,486	0	0
KIRKLANDS INC	COM	497498105	7,572	271,675	SH		SOLE		271,675	0	0
* KNOLL INC	COM NEW	498904200	3,092	123,514	SH		SOLE		123,514	0	0
* KRATON PERFORMANCE POLYMER	COM	50077C106	4,772	199,812	SH		SOLE		199,812	0	0
* KRISPY KREME DOUGHNUTS INC	COM	501014104	32,258	1,674,886	SH		SOLE		1,674,886	0	0
LPL FINL HLDGS INC	COM	50212V100	11,726	252,217	SH		SOLE		252,217	0	0
LA QUINTA HLDGS INC	COM	50420D108	7,092	310,378	SH		SOLE		310,378	0	0
* LA Z BOY INC	COM	505336107	15,371	583,571	SH		SOLE		583,571	0	0
LAM RESEARCH CORP	NOTE	512807AL2	442	312,000	PRN		SOLE		312,000	0	0
* LASALLE HOTEL PPTYS	COM SH	517942108	7,849	221,337	SH		SOLE		221,337	0	0
LEAR CORP	COM NEW	521865204	7,289	64,931	SH		SOLE		64,931	0	0
LEGACY TEX FINL GROUP INC	COM	52471Y106	11,987	396,937	SH		SOLE		396,937	0	0
* LENNAR CORP	CL A	526057104	873	17,106	SH		SOLE		17,106	0	0
LIBERTY MEDIA CORP DELAWARE	NOTE	531229AB8	3,174	3,341,000	PRN		SOLE		3,341,000	0	0
* LIONS GATE ENTMNT CORP	COM NEW	535919203	9,991	269,659	SH		SOLE		269,659	0	0
LITHIA MTRS INC	CL A	536797103	10,768	95,161	SH		SOLE		95,161	0	0
* MGM MIRAGE	COM	552953101	2,584	141,605	SH		SOLE		141,605	0	0
* M/I HOMES INC	COM	55305B101	3,870	156,882	SH		SOLE		156,882	0	0
MAGNUM HUNTER RES CORP DEL	COM	55973B102	8,000	4,277,986	SH		SOLE		4,277,986	0	0
MALIBU BOATS INC	COM CL	56117J100	9,107	453,308	SH		SOLE		453,308	0	0
* MANITOWOC INC	COM	563571108	10,586	540,126	SH		SOLE		540,126	0	0
MANNING & NAPIER INC	CL A	56382Q102	1,349	135,327	SH		SOLE		135,327	0	0
* MARINEMAX INC	COM	567908108	5,890	250,551	SH		SOLE		250,551	0	0
* MARIN SOFTWARE INC	COM	56804T106	10,336	1,533,530	SH		SOLE		1,533,530	0	0
* MARTEN TRANS LTD	COM	573075108	3,736	172,143	SH		SOLE		172,143	0	0
MASCO CORP	COM	574599106	2,201	82,536	SH		SOLE		82,536	0	0
* MATADOR RES CO	COM	576485205	476	19,043	SH		SOLE		19,043	0	0
MEDIA GEN INC NEW	COM	58441K100	38,450	2,327,455	SH		SOLE		2,327,455	0	0
MEDIDATA SOLUTIONS INC	NOTE	58471AAB1	6,857	5,805,000	PRN		SOLE		5,805,000	0	0
* MEDIVATION INC	COM	58501N101	12,373	108,346	SH		SOLE		108,346	0	0
MEDIVATION INC	NOTE	58501NAA9	6,251	2,835,000	PRN		SOLE		2,835,000	0	0
MEMORIAL RESOURCE DEV CORP	COM	58605Q109	24,123	1,271,651	SH		SOLE		1,271,651	0	0
* METHANEX CORP	COM	59151K108	7,148	128,426	SH		SOLE		128,426	0	0
MICRON TECHNOLOGY INC	NOTE	595112AY9	250	277,000	PRN		SOLE		277,000	0	0
* MOBILE MINI INC	COM	60740F105	18,921	450,065	SH		SOLE		450,065	0	0
* MODEL N INC	COM	607525102	7,425	623,459	SH		SOLE		623,459	0	0
MOLINA HEALTHCARE INC	NOTE	60855RAC4	8,022	4,537,000	PRN		SOLE		4,537,000	0	0
* MOSYS INC	COM	619718109	549	288,759	SH		SOLE		288,759	0	0
* MOVADO GROUP INC	COM	624580106	4,661	171,623	SH		SOLE		171,623	0	0
MYLAN INC	NOTE	628530AJ6	5,270	1,037,000	PRN		SOLE		1,037,000	0	0
NV5 HLDGS INC	COM	62945V109	1,826	75,255	SH		SOLE		75,255	0	0
* NATIONAL CINEMEDIA INC	COM	635309107	3,832	240,092	SH		SOLE		240,092	0	0
NEXSTAR BROADCASTING GROUP I	CL A	65336K103	28,111	501,981	SH		SOLE		501,981	0	0
* NORANDA ALUM HLDG CORP	COM	65542W107	1,776	2,089,494	SH		SOLE		2,089,494	0	0
* OFG BANCORP	COM	67103X102	6,821	639,227	SH		SOLE		639,227	0	0
* OASIS PETE INC NEW	COM	674215108	292	18,433	SH		SOLE		18,433	0	0
ON SEMICONDUCTOR CORP	NOTE	682189AH8	614	496,000	PRN		SOLE		496,000	0	0
* OSHKOSH CORP	COM	688239201	7,960	187,819	SH		SOLE		187,819	0	0
* OXFORD INDS INC	COM	691497309	10,938	125,076	SH		SOLE		125,076	0	0
* PDC ENERGY INC	COM	69327R101	12,127	226,082	SH		SOLE		226,082	0	0
PGT INC	COM	69336V101	6,570	452,788	SH		SOLE		452,788	0	0
* PACWEST BANCORP DEL	COM	695263103	834	17,831	SH		SOLE		17,831	0	0
PARK STERLING CORP	COM	70086Y105	7,711	1,070,946	SH		SOLE		1,070,946	0	0
PARTY CITY HOLDCO INC	COM	702149105	6,226	307,147	SH		SOLE		307,147	0	0
* PENN NATL GAMING INC	COM	707569109	14,167	772,021	SH		SOLE		772,021	0	0
* PENN VA CORP	COM	707882106	2,567	586,122	SH		SOLE		586,122	0	0
* PENSKE AUTOMOTIVE GRP INC	COM	70959W103	12,111	232,403	SH		SOLE		232,403	0	0
* PETROQUEST ENERGY INC	COM	716748108	605	305,479	SH		SOLE		305,479	0	0
* PIER 1 IMPORTS INC	COM	720279108	5,467	432,864	SH		SOLE		432,864	0	0
* PINNACLE ENTMT INC	COM	723456109	23,030	617,765	SH		SOLE		617,765	0	0
* POLYONE CORP	COM	73179P106	14,137	360,910	SH		SOLE		360,910	0	0
* POPULAR INC	COM NEW	733174700	1,016	35,211	SH		SOLE		35,211	0	0
* POWERSECURE INTL INC	COM	73936N105	5,691	385,560	SH		SOLE		385,560	0	0
* PRIMERICA INC	COM	74164M108	5,919	129,541	SH		SOLE		129,541	0	0
* PRIVATEBANCORP INC	COM	742962103	36,706	921,798	SH		SOLE		921,798	0	0
PROS HOLDINGS INC	COM	74346Y103	17,038	807,086	SH		SOLE		807,086	0	0
* QUANTA SVCS INC	COM	74762E102	10,186	353,433	SH		SOLE		353,433	0	0
* QUINTILES TRANSNATIO HLDGS	COM	74876Y101	2,225	30,644	SH		SOLE		30,644	0	0
* RADIO ONE INC	CL D NO	75040P405	936	295,235	SH		SOLE		295,235	0	0
* RADISYS CORP	COM	750459109	2,893	1,130,142	SH		SOLE		1,130,142	0	0
* RAMBUS INC DEL	COM	750917106	28,489	1,966,123	SH		SOLE		1,966,123	0	0
RAMBUS INC DEL	NOTE	750917AE6	7,875	5,935,000	PRN		SOLE		5,935,000	0	0
*RE MAX HLDGS INC	CL A	75524W108	606	17,060	SH		SOLE		17,060	0	0
READING INTERNATIONAL INC	CL A	755408101	2,759	199,218	SH		SOLE		199,218	0	0
REALOGY HLDGS CORP	COM	75605Y106	8,477	181,433	SH		SOLE		181,433	0	0
RENTRAK CORP	COM	760174102	7,138	102,258	SH		SOLE		102,258	0	0
REVOLUTION LIGHTING TECHNOLO	COM	76155G107	3,249	2,801,061	SH		SOLE		2,801,061	0	0
* REX ENERGY CORPORATION	COM	761565100	5,716	1,022,604	SH		SOLE		1,022,604	0	0
RICE ENERGY INC	COM	762760106	24,233	1,163,394	SH		SOLE		1,163,394	0	0
RICE MIDSTREAM PARTNERS LP	UNIT LT	762819100	221	12,702	SH		SOLE		12,702	0	0
RING ENERGY INC	COM	76680V108	182	16,272	SH		SOLE		16,272	0	0
ROADRUNNER TRNSN SVCS HLDG I	COM	76973Q105	9,231	357,789	SH		SOLE		357,789	0	0
* RYLAND GROUP INC	COM	783764103	9,287	200,280	SH		SOLE		200,280	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	12,389	233,262	SH		SOLE		233,262	0	0
* SBA COMMUNICATIONS CORP	COM	78388J106	2,460	21,399	SH		SOLE		21,399	0	0
* SLM CORP	COM	78442P106	7,782	788,438	SH		SOLE		788,438	0	0
Sagent Pharmaceuticals Inc	A	786692103	30,325	1,247,428	SH		SOLE		1,247,428	0	0
SANCHEZ ENERGY CORP	COM	79970Y105	16,554	1,689,133	SH		SOLE		1,689,133	0	0
* SCIENTIFIC GAMES CORP	CL A	80874P109	25,664	1,651,452	SH		SOLE		1,651,452	0	0
* SCRIPPS E W CO OHIO	CL A NE	811054402	28,337	1,240,143	SH		SOLE		1,240,143	0	0
* SELECT COMFORT CORP	COM	81616X103	23,748	789,747	SH		SOLE		789,747	0	0
SERVICENOW INC	COM	81762P102	2,508	33,745	SH		SOLE		33,745	0	0
SERVICESOURCE INTL LLC	NOTE	81763UAB6	7,411	8,700,000	PRN		SOLE		8,700,000	0	0
SHORETEL INC	COM	825211105	9,172	1,352,814	SH		SOLE		1,352,814	0	0
* SINCLAIR BROADCAST GROUP I	CL A	829226109	18,138	649,881	SH		SOLE		649,881	0	0
* SMITH A O	COM	831865209	9,433	131,054	SH		SOLE		131,054	0	0
* SOUTHWEST BANCORP INC OKLA	COM	844767103	6,014	323,175	SH		SOLE		323,175	0	0
SOUTHWESTERN ENERGY CO	DEP SHS	845467208	3,722	75,390	SH		SOLE		75,390	0	0
* SPIRIT AIRLS INC	COM	848577102	8,716	140,355	SH		SOLE		140,355	0	0
* STANDARD PAC CORP NEW	COM	85375C101	1,559	174,967	SH		SOLE		174,967	0	0
STANDARD PAC CORP NEW	NOTE	85375CBC4	6,868	5,647,000	PRN		SOLE		5,647,000	0	0
STATE BK FINL CORP	COM	856190103	5,929	273,212	SH		SOLE		273,212	0	0
* STEIN MART INC	COM	858375108	6,758	645,421	SH		SOLE		645,421	0	0
* STEWART INFORMATION SVCS C	COM	860372101	676	16,979	SH		SOLE		16,979	0	0
STOCK BLDG SUPPLY HLDGS INC	COM	86101X104	8,561	437,923	SH		SOLE		437,923	0	0
STONEGATE BK FT LAUDERDALE F	COM	861811107	6,342	213,767	SH		SOLE		213,767	0	0
SUNPOWER CORP	NOTE	867652AJ8	8,523	8,890,000	PRN		SOLE		8,890,000	0	0
* SUPERIOR ENERGY SVCS INC	COM	868157108	15,607	741,801	SH		SOLE		741,801	0	0
* SWIFT TRANSN CO	CL A	87074U101	14,464	638,026	SH		SOLE		638,026	0	0
SYNOVUS FINL CORP	COM	87161C501	10,249	332,537	SH		SOLE		332,537	0	0
SYNERGY RES CORP	COM	87164P103	191	16,690	SH		SOLE		16,690	0	0
* TRI POINTE HOMES INC	COM	87265H109	4,626	302,352	SH		SOLE		302,352	0	0
TALMER BANCORP INC	COM	87482X101	18,458	1,101,980	SH		SOLE		1,101,980	0	0
TANDEM DIABETES CARE INC	COM	875372104	3,385	312,288	SH		SOLE		312,288	0	0
TEAM HEALTH HOLDINGS INC	COM	87817A107	16,407	251,146	SH		SOLE		251,146	0	0
TENET HEALTHCARE CORP	COM NEW	88033G407	7,709	133,182	SH		SOLE		133,182	0	0
* TEXAS CAPITAL BANCSHARES I	COM	88224Q107	22,823	366,696	SH		SOLE		366,696	0	0
TRANSUNION	COM	89400J107	8,827	351,677	SH		SOLE		351,677	0	0
TRIMAS CORP	COM NEW	896215209	10,884	367,719	SH		SOLE		367,719	0	0
* TRINITY INDS INC	COM	896522109	2,159	81,672	SH		SOLE		81,672	0	0
TRISTATE CAP HLDGS INC	COM	89678F100	7,130	551,421	SH		SOLE		551,421	0	0
* TRIUMPH GROUP INC NEW	COM	896818101	6,388	96,810	SH		SOLE		96,810	0	0
* TUTOR PERINI CORP	COM	901109108	15,041	696,967	SH		SOLE		696,967	0	0
* TYLER TECHNOLOGIES INC	COM	902252105	14,879	114,999	SH		SOLE		114,999	0	0
UCP INC	CL A	90265Y106	1,464	193,162	SH		SOLE		193,162	0	0
* U S G CORP	COM NEW	903293405	5,754	207,061	SH		SOLE		207,061	0	0
* U S SILICA HLDGS INC	COM	90346E103	15,817	538,721	SH		SOLE		538,721	0	0
* UNITED NAT FOODS INC	COM	911163103	8,403	131,955	SH		SOLE		131,955	0	0
* UNIVERSAL HLTH SVCS INC	CL B	913903100	1,978	13,922	SH		SOLE		13,922	0	0
* VALEANT PHARMACEUTICALS	INTL CO	91911K102	500	2,250	SH		SOLE		2,250	0	0
* VANTIV INC	CL A	92210H105	10,485	274,538	SH		SOLE		274,538	0	0
* VERIFONE HLDGS INC	COM	92342Y109	23,060	679,021	SH		SOLE		679,021	0	0
* WELLCARE HEALTH PLANS INC	COM	94946T106	14,696	173,241	SH		SOLE		173,241	0	0
* WERNER ENTERPRISES INC	COM	950755108	2,433	92,698	SH		SOLE		92,698	0	0
* WESTERN ALLIANCE BANCORP	COM	957638109	16,058	475,637	SH		SOLE		475,637	0	0
* WHITING PETE CORP NEW	COM	966387102	7,426	220,998	SH		SOLE		220,998	0	0
WILLIAMS CLAYTON ENERGY INC	COM	969490101	664	10,097	SH		SOLE		10,097	0	0
WINTHROP RLTY TR	SH BEN	976391300	2,643	174,437	SH		SOLE		174,437	0	0
* WISDOMTREE INVTS INC	COM	97717P104	22,765	1,036,415	SH		SOLE		1,036,415	0	0
* WRIGHT MED GROUP INC	COM	98235T107	368	14,000	SH		SOLE		14,000	0	0
* WYNN RESORTS LTD	COM	983134107	1,358	13,765	SH		SOLE		13,765	0	0
YAHOO INC	NOTE	984332AF3	5,121	4,993,000	PRN		SOLE		4,993,000	0	0
ALLERGAN PLC	PFD CON	G0177J116	3,170	3,041	SH		SOLE		3,041	0	0
* ARCH CAP GROUP LTD	ORD	G0450A105	6,964	103,996	SH		SOLE		103,996	0	0
BELMOND LTD	COM	G1154H107	24,888	1,992,656	SH		SOLE		1,992,656	0	0
ENDO INTL PLC	SHS	G30401106	3,020	37,912	SH		SOLE		37,912	0	0
HORIZON PHARMA PLC	COM	G4617B105	13,958	401,777	SH		SOLE		401,777	0	0
ICON PLC	SHS	G4705A100	16,268	241,719	SH		SOLE		241,719	0	0
NORWEGIAN CRUISE LINE HLDGS	SHS	G66721104	7,560	134,910	SH		SOLE		134,910	0	0
OM ASSET MGMT PLC	SHS	G67506108	15,677	881,200	SH		SOLE		881,200	0	0
SIGNET JEWELERS LIMITED	SHS	G81276100	2,424	18,902	SH		SOLE		18,902	0	0
PERRIGO CO PLC	SHS	G97822103	1,711	9,258	SH		SOLE		9,258	0	0
ALLOT COMMUNICATIONS LTD	SHS	M0854Q105	6,727	935,578	SH		SOLE		935,578	0	0
ATTUNITY LTD	SHS NEW	M15332121	2,941	225,043	SH		SOLE		225,043	0	0
* RADWARE LTD	ORD	M81873107	11,894	535,752	SH		SOLE		535,752	0	0
MYLAN N V	SHS EUR	N59465109	1,982	29,211	SH		SOLE		29,211	0	0
* ARDMORE SHIPPING CORP	COM	Y0207T100	1,660	137,099	SH		SOLE		137,099	0	0
SCORPIO TANKERS INC	SHS	Y7542C106	18,484	1,831,898	SH		SOLE		1,831,898	0	0