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
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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
A H BELO CORP	COM CL	001282102	813	162,654	SH		SOLE		162,654	0	0
* ACORDA THERAPEUTICS INC	COM	00484M106	15,237	356,170	SH		SOLE		356,170	0	0
ACORDA THERAPEUTICS INC	NOTE	00484MAA4	6,768	5,885,000	PRN		SOLE		5,885,000	0	0
ACTIVE POWER INC	COM	00504W308	1,143	879,052	SH		SOLE		879,052	0	0
* AKORN INC	COM	009728106	23,733	636,100	SH		SOLE		636,100	0	0
* AKORN INC	NOTE	009728AB2	314,969	741,000	PRN		SOLE		741,000	0	0
* ALBEMARLE CORP	COM	012653101	2,040	36,414	SH		SOLE		36,414	0	0
* ALLIANCE DATA SYSTEMS CORP	COM	018581108	1,847	6,679	SH		SOLE		6,679	0	0
*AMERICAN AIRLS GROUP INC	COM	02376R102	1,879	44,366	SH		SOLE		44,366	0	0
AMTRUST FINL SVCS INC	NOTE	032359AG6	4,516	4,886,000	PRN		SOLE		4,886,000	0	0
BG STAFFING INC	COM	05544A109	1,874	125,000	SH		SOLE		125,000	0	0
BNC BANCORP	COM	05566T101	7,599	299,413	SH		SOLE		299,413	0	0
BMC STK HLDGS INC	COM	05591B109	7,606	454,094	SH		SOLE		454,094	0	0
* BANKUNITED INC	COM	06652K103	25,109	696,303	SH		SOLE		696,303	0	0
BAZAARVOICE INC	COM	073271108	3,640	831,006	SH		SOLE		831,006	0	0
* BEACON ROOFING SUPPLY INC	COM	073685109	15,782	383,251	SH		SOLE		383,251	0	0
BEAZER HOMES USA INC	COM NEW	07556Q881	16,737	1,456,619	SH		SOLE		1,456,619	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	6,375	176,196	SH		SOLE		176,196	0	0
BIODELIVERY SCIENCES INTL IN	COM	09060J106	6,297	1,314,623	SH		SOLE		1,314,623	0	0
BLOOMIN BRANDS INC	COM	094235108	4,033	238,758	SH		SOLE		238,758	0	0
* BOISE CASCADE CO DEL	COM	09739D100	6,198	242,756	SH		SOLE		242,756	0	0
* BONANZA CREEK ENERGY INC	COM	097793103	7,166	1,359,679	SH		SOLE		1,359,679	0	0
* BOYD GAMING CORP	COM	103304101	24,473	1,231,668	SH		SOLE		1,231,668	0	0
BRIDGE BANCORP INC	COM	108035106	5,945	195,350	SH		SOLE		195,350	0	0
* BRIGGS & STRATTON CORP	COM	109043109	5,109	295,293	SH		SOLE		295,293	0	0
* BRUNSWICK CORP	COM	117043109	8,002	158,421	SH		SOLE		158,421	0	0
*BURLINGTON STORES INC	COM	122017106	20,958	488,526	SH		SOLE		488,526	0	0
* CBRE GROUP INC	CL A	12504L109	1,682	48,647	SH		SOLE		48,647	0	0
CPI AEROSTRUCTURES INC	COM NEW	125919308	4,421	454,365	SH		SOLE		454,365	0	0
* CABOT OIL & GAS CORP	COM	127097103	436	24,669	SH		SOLE		24,669	0	0
* CADENCE DESIGN SYSTEM INC	COM	127387108	4,050	194,624	SH		SOLE		194,624	0	0
CALATLANTIC GROUP INC	COM	128195104	7,638	201,425	SH		SOLE		201,425	0	0
CALERES INC	COM	129500104	998	37,194	SH		SOLE		37,194	0	0
CALLIDUS SOFTWARE INC	COM	13123E500	12,110	652,114	SH		SOLE		652,114	0	0
* CALLON PETE CO DEL	COM	13123X102	562	67,333	SH		SOLE		67,333	0	0
* CAMBREX CORP	COM	132011107	11,840	251,430	SH		SOLE		251,430	0	0
CAPITAL BK FINL CORP	CL A CO	139794101	17,220	538,474	SH		SOLE		538,474	0	0
CARDIOVASCULAR SYS INC DEL	COM	141619106	2,784	184,125	SH		SOLE		184,125	0	0
* CARLISLE COS INC	COM	142339100	8,500	95,838	SH		SOLE		95,838	0	0
CARMIKE CINEMAS INC	COM	143436400	6,044	263,478	SH		SOLE		263,478	0	0
* CARRIZO OIL & CO INC	COM	144577103	7,629	257,921	SH		SOLE		257,921	0	0
CASCADE BANCORP	COM NEW	147154207	1,826	300,813	SH		SOLE		300,813	0	0
* CAVIUM INC	COM	14964U108	16,601	252,644	SH		SOLE		252,644	0	0
* CELADON GROUP INC	COM	150838100	3,382	341,985	SH		SOLE		341,985	0	0
* CENTENE CORP DEL	COM	15135B101	2,524	38,349	SH		SOLE		38,349	0	0
CEPHEID	DBCV	15670RAC1	6,207	6,979,000	SH		SOLE		6,979,000	0	0
CHART INDS INC	NOTE	16115QAC4	2,587	2,991,000	PRN		SOLE		2,991,000	0	0
* CHICOS FAS INC	COM	168615102	1,516	142,060	SH		SOLE		142,060	0	0
CHUYS HLDGS INC	COM	171604101	9,791	312,426	SH		SOLE		312,426	0	0
CIENA CORP	NOTE	171779AE1	229	234,000	PRN		SOLE		234,000	0	0
COBIZ FINANCIAL INC	COM	190897108	8,979	669,103	SH		SOLE		669,103	0	0
*COLUMBIA PPTY TR INC	COM NEW	198287203	4,838	206,036	SH		SOLE		206,036	0	0
* COMMUNITY HEALTH SYS INC N	COM	203668108	4,879	183,902	SH		SOLE		183,902	0	0
CONSOLIDATED TOMOKA LD CO	COM	210226106	812	15,397	SH		SOLE		15,397	0	0
CONTINENTAL BLDG PRODS INC	COM	211171103	3,812	218,337	SH		SOLE		218,337	0	0
CROWN CASTLE INTL CORP	CNV PFD	22822V200	4,111	38,325	SH		SOLE		38,325	0	0
* CROWN HOLDINGS INC	COM	228368106	1,088	21,450	SH		SOLE		21,450	0	0
* CUBIC CORP	COM	229669106	4,836	102,339	SH		SOLE		102,339	0	0
DEL FRISCOS RESTAURANT GROUP	COM	245077102	11,195	698,820	SH		SOLE		698,820	0	0
DEMANDWARE INC	COM	24802Y105	15,343	284,292	SH		SOLE		284,292	0	0
* DEPOMED INC	COM	249908104	20,039	1,105,273	SH		SOLE		1,105,273	0	0
DEPOMED INC	NOTE	249908AA2	3,689	3,243,000	PRN		SOLE		3,243,000	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	737	11,017	SH		SOLE		11,017	0	0
DIXIE GROUP INC	CL A	255519100	3,508	670,678	SH		SOLE		670,678	0	0
8X8 INC NEW	COM	282914100	11,082	967,821	SH		SOLE		967,821	0	0
* ELLIE MAE INC	COM	28849P100	17,028	282,721	SH		SOLE		282,721	0	0
* ESSEX PPTY TR INC	COM	297178105	1,704	7,119	SH		SOLE		7,119	0	0
* EXAR CORP	COM	300645108	2,517	410,601	SH		SOLE		410,601	0	0
FCB FINL HLDGS INC	CL A	30255G103	17,358	484,999	SH		SOLE		484,999	0	0
FXCM INC	NOTE	302693AB2	2,902	4,176,000	PRN		SOLE		4,176,000	0	0
* FAIR ISAAC CORP	COM	303250104	17,167	182,276	SH		SOLE		182,276	0	0
* FELCOR LODGING TR INC	COM	31430F101	17,524	2,400,606	SH		SOLE		2,400,606	0	0
FIESTA RESTAURANT GROUP INC	COM	31660B101	24,970	743,160	SH		SOLE		743,160	0	0
* FINISAR CORP	COM NEW	31787A507	642	44,142	SH		SOLE		44,142	0	0
FINISAR CORP	NOTE	31787AAM3	6,073	6,539,000	PRN		SOLE		6,539,000	0	0
* FINISH LINE INC	CL A	317923100	6,709	371,084	SH		SOLE		371,084	0	0
*FIREEYE INC	COM	31816Q101	1,636	78,880	SH		SOLE		78,880	0	0
FIRST CONN BANCORP INC MD	COM	319850103	3,235	185,804	SH		SOLE		185,804	0	0
* FIRST HORIZON NATL CORP	COM	320517105	5,209	358,736	SH		SOLE		358,736	0	0
* FIRSTMERIT CORP	COM	337915102	6,324	339,077	SH		SOLE		339,077	0	0
FLUIDIGM CORP DEL	NOTE	34385PAA6	363	587,000	PRN		SOLE		587,000	0	0
* FOREST CITY ENTERPRISES IN	CL A	345550107	3,966	180,829	SH		SOLE		180,829	0	0
FORTINET INC	COM	34959E109	5,322	170,734	SH		SOLE		170,734	0	0
FRANKLIN FINL NETWORK INC	COM	35352P104	5,048	160,877	SH		SOLE		160,877	0	0
* FREDS INC	CL A	356108100	4,056	247,790	SH		SOLE		247,790	0	0
FRONTIER COMMUNICATIONS CORP	PFD CON	35906A207	4,887	53,360	SH		SOLE		53,360	0	0
*GAMING & LEISURE PPTYS INC	COM	36467J108	4,045	145,503	SH		SOLE		145,503	0	0
GASTAR EXPL INC NEW	COM	36729W202	84	64,100	SH		SOLE		64,100	0	0
GENESEE & WYO INC	COM	371559105	2,916	54,321	SH		SOLE		54,321	0	0
GIGOPTIX INC	COM	37517Y103	4,787	1,574,748	SH		SOLE		1,574,748	0	0
GODADDY INC	COM	380237107	8,629	269,150	SH		SOLE		269,150	0	0
* GOGO INC	COM	38046C109	13,658	767,313	SH		SOLE		767,313	0	0
* GOODRICH PETE CORP	COM NEW	382410405	310	1,164,500	SH		SOLE		1,164,500	0	0
GOODRICH PETE CORP	NOTE	382410AK4	32	130,000	PRN		SOLE		130,000	0	0
GOODRICH PETE CORP	NOTE	382410AP3	106	429,000	PRN		SOLE		429,000	0	0
GRAY TELEVISION INC	COM	389375106	18,420	1,130,037	SH		SOLE		1,130,037	0	0
GREAT WESTN BANCORP INC	COM	391416104	1,178	40,597	SH		SOLE		40,597	0	0
* GULFPORT ENERGY CORP	COM NEW	402635304	6,568	267,333	SH		SOLE		267,333	0	0
HD SUPPLY HLDGS INC	COM	40416M105	9,024	300,499	SH		SOLE		300,499	0	0
* HFF INC	CL A	40418F108	14,956	481,376	SH		SOLE		481,376	0	0
* HNI CORP	COM	404251100	9,724	269,674	SH		SOLE		269,674	0	0
* HANESBRANDS INC	COM	410345102	1,649	56,046	SH		SOLE		56,046	0	0
* HARTFORD FINL SVCS GROUP I	COM	416515104	1,531	35,229	SH		SOLE		35,229	0	0
HERITAGE FINL CORP WASH	COM	42722X106	8,219	436,269	SH		SOLE		436,269	0	0
* HEXCEL CORP NEW	COM	428291108	1,041	22,418	SH		SOLE		22,418	0	0
* HUB GROUP INC	CL A	443320106	1,074	32,580	SH		SOLE		32,580	0	0
* IAC INTERACTIVECORP	COM PAR	44919P508	4,068	67,743	SH		SOLE		67,743	0	0
* ISTAR FINL INC	COM	45031U101	6,231	531,233	SH		SOLE		531,233	0	0
* ILLUMINA INC	COM	452327109	1,565	8,155	SH		SOLE		8,155	0	0
* IMAX CORP	COM	45245E109	12,496	351,609	SH		SOLE		351,609	0	0
IMPAX LABORATORIES INC	COM	45256B101	21,835	510,635	SH		SOLE		510,635	0	0
INCONTACT INC	COM	45336E109	8,644	906,131	SH		SOLE		906,131	0	0
INVENTURE FOODS INC	COM	461212102	3,173	446,919	SH		SOLE		446,919	0	0
ISHARES TR	RUSSELL	464287499	10,038	62,666	SH		SOLE		62,666	0	0
ISHARES TR	RUSSELL	464287655	13,327	118,339	SH		SOLE		118,339	0	0
* JACK IN THE BOX INC	COM	466367109	11,963	155,946	SH		SOLE		155,946	0	0
JONES ENERGY INC	COM CL	48019R108	43	11,160	SH		SOLE		11,160	0	0
* JONES LANG LASALLE INC	COM	48020Q107	6,713	41,994	SH		SOLE		41,994	0	0
KCG HLDGS INC	CL A	48244B100	12,711	1,032,613	SH		SOLE		1,032,613	0	0
* KAISER ALUMINUM CORP	COM PAR	483007704	8,746	104,547	SH		SOLE		104,547	0	0
KIRKLANDS INC	COM	497498105	5,132	353,936	SH		SOLE		353,936	0	0
* KNOLL INC	COM NEW	498904200	3,661	194,714	SH		SOLE		194,714	0	0
* KRISPY KREME DOUGHNUTS INC	COM	501014104	23,395	1,552,442	SH		SOLE		1,552,442	0	0
LPL FINL HLDGS INC	COM	50212V100	4,760	111,607	SH		SOLE		111,607	0	0
LA QUINTA HLDGS INC	COM	50420D108	4,191	307,955	SH		SOLE		307,955	0	0
* LA Z BOY INC	COM	505336107	13,895	568,983	SH		SOLE		568,983	0	0
LAM RESEARCH CORP	NOTE	512807AL2	442	309,000	PRN		SOLE		309,000	0	0
* LENNAR CORP	CL A	526057104	1,672	34,195	SH		SOLE		34,195	0	0
LINDBLAD EXPEDITIONS HLDGS I	COM	535219109	4,903	441,343	SH		SOLE		441,343	0	0
* LIONS GATE ENTMNT CORP	COM NEW	535919203	7,939	245,098	SH		SOLE		245,098	0	0
LUMENTUM HLDGS INC	COM	55024u109	473	21,481	SH		SOLE		21,481	0	0
MCBC HLDGS INC	COM	55276F107	1,800	131,355	SH		SOLE		131,355	0	0
* MGM MIRAGE	COM	552953101	2,153	94,750	SH		SOLE		94,750	0	0
* M/I HOMES INC	COM	55305B101	1,728	78,837	SH		SOLE		78,837	0	0
MALIBU BOATS INC	COM CL	56117J100	7,264	443,720	SH		SOLE		443,720	0	0
* MARINEMAX INC	COM	567908108	6,371	345,897	SH		SOLE		345,897	0	0
* MARIN SOFTWARE INC	COM	56804T106	5,088	1,421,145	SH		SOLE		1,421,145	0	0
MARKETO INC	COM	57063L107	1,565	54,525	SH		SOLE		54,525	0	0
* MARTEN TRANS LTD	COM	573075108	5,896	333,092	SH		SOLE		333,092	0	0
MASCO CORP	COM	574599106	2,038	72,005	SH		SOLE		72,005	0	0
MATCH GROUP INC	COM	57665R106	7,274	536,853	SH		SOLE		536,853	0	0
MEDIA GEN INC NEW	COM	58441K100	24,736	1,531,668	SH		SOLE		1,531,668	0	0
MEDIDATA SOLUTIONS INC	NOTE	58471AAB1	5,560	5,098,000	PRN		SOLE		5,098,000	0	0
* MEDIVATION INC	COM	58501N101	8,595	177,801	SH		SOLE		177,801	0	0
MEMORIAL RESOURCE DEV CORP	COM	58605Q109	23,704	1,467,735	SH		SOLE		1,467,735	0	0
* METHODE ELECTRS INC	COM	591520200	548	17,208	SH		SOLE		17,208	0	0
MICRON TECHNOLOGY INC	NOTE	595112AY9	4,141	4,982,000	PRN		SOLE		4,982,000	0	0
* MOBILE MINI INC	COM	60740F105	19,815	636,530	SH		SOLE		636,530	0	0
* MODEL N INC	COM	607525102	14,145	1,267,491	SH		SOLE		1,267,491	0	0
* MODINE MFG CO	COM	607828100	5,188	573,247	SH		SOLE		573,247	0	0
MOLINA HEALTHCARE INC	NOTE	60855RAC4	4,640	2,984,000	PRN		SOLE		2,984,000	0	0
* MOSYS INC	COM	619718109	776	711,477	SH		SOLE		711,477	0	0
* NCI BUILDING SYS INC	COM NEW	628852204	21,773	1,754,485	SH		SOLE		1,754,485	0	0
* NATIONAL CINEMEDIA INC	COM	635309107	3,630	231,033	SH		SOLE		231,033	0	0
NEXSTAR BROADCASTING GROUP I	CL A	65336K103	28,680	488,594	SH		SOLE		488,594	0	0
* NUVASIVE INC	COM	670704105	21,375	395,034	SH		SOLE		395,034	0	0
* OASIS PETE INC NEW	COM	674215108	198	26,893	SH		SOLE		26,893	0	0
ON SEMICONDUCTOR CORP	NOTE	682189AH8	546	490,000	PRN		SOLE		490,000	0	0
OPUS BK IRVINE CALIF	COM	684000102	8,080	218,561	SH		SOLE		218,561	0	0
* OSHKOSH CORP	COM	688239201	7,854	201,189	SH		SOLE		201,189	0	0
* OWENS CORNING NEW	COM	690742101	1,835	39,025	SH		SOLE		39,025	0	0
* OXFORD INDS INC	COM	691497309	6,882	107,834	SH		SOLE		107,834	0	0
* PDC ENERGY INC	COM	69327R101	8,673	162,485	SH		SOLE		162,485	0	0
PGT INC	COM	69336V101	6,857	602,062	SH		SOLE		602,062	0	0
* PACWEST BANCORP DEL	COM	695263103	9,423	218,623	SH		SOLE		218,623	0	0
PARK STERLING CORP	COM	70086Y105	8,103	1,106,968	SH		SOLE		1,106,968	0	0
PAYPAL HLDGS INC	COM	70450y103	335	9,250	SH		SOLE		9,250	0	0
* PENSKE AUTOMOTIVE GRP INC	COM	70959W103	7,347	173,513	SH		SOLE		173,513	0	0
* PIER 1 IMPORTS INC	COM	720279108	4,383	861,139	SH		SOLE		861,139	0	0
* PINNACLE ENTMT INC	COM	723456109	16,634	534,496	SH		SOLE		534,496	0	0
* PINNACLE FINL PARTNERS INC	COM	72346Q104	15,607	303,876	SH		SOLE		303,876	0	0
* POLYONE CORP	COM	73179P106	12,349	388,835	SH		SOLE		388,835	0	0
PORTFOLIO RECOVERY ASSOCS IN	NOTE	73640QAB1	5,901	6,983,000	PRN		SOLE		6,983,000	0	0
* POWERSECURE INTL INC	COM	73936N105	1,726	114,704	SH		SOLE		114,704	0	0
* PRIMERICA INC	COM	74164M108	5,724	121,193	SH		SOLE		121,193	0	0
* PRIVATEBANCORP INC	COM	742962103	30,292	738,461	SH		SOLE		738,461	0	0
PROS HOLDINGS INC	COM	74346Y103	16,128	700,002	SH		SOLE		700,002	0	0
* QUANTA SVCS INC	COM	74762E102	3,856	190,416	SH		SOLE		190,416	0	0
* QUINTILES TRANSNATIO HLDGS	COM	74876Y101	1,266	18,443	SH		SOLE		18,443	0	0
RADIANT LOGISTICS INC	COM	75025X100	1,318	384,233	SH		SOLE		384,233	0	0
* RADIO ONE INC	CL D NO	75040P405	373	216,999	SH		SOLE		216,999	0	0
* RADISYS CORP	COM	750459109	3,012	1,087,485	SH		SOLE		1,087,485	0	0
* RAMBUS INC DEL	COM	750917106	19,219	1,658,205	SH		SOLE		1,658,205	0	0
RAMBUS INC DEL	NOTE	750917AE6	7,187	6,226,000	PRN		SOLE		6,226,000	0	0
READING INTERNATIONAL INC	CL A	755408101	1,141	87,012	SH		SOLE		87,012	0	0
REALOGY HLDGS CORP	COM	75605Y106	5,997	163,538	SH		SOLE		163,538	0	0
RENTRAK CORP	COM	760174102	7,621	160,332	SH		SOLE		160,332	0	0
REVOLUTION LIGHTING TECHNOLO	COM	76155G107	2,366	2,976,194	SH		SOLE		2,976,194	0	0
RICE ENERGY INC	COM	762760106	10,153	931,485	SH		SOLE		931,485	0	0
ROADRUNNER TRNSN SVCS HLDG I	COM	76973Q105	3,560	377,498	SH		SOLE		377,498	0	0
* ROGERS CORP	COM	775133101	14,204	275,437	SH		SOLE		275,437	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	11,010	213,215	SH		SOLE		213,215	0	0
* SBA COMMUNICATIONS CORP	COM	78388J106	1,915	18,228	SH		SOLE		18,228	0	0
* SLM CORP	COM	78442P106	4,547	697,341	SH		SOLE		697,341	0	0
* SVB FINL GROUP	COM	78486Q101	1,049	8,825	SH		SOLE		8,825	0	0
Sagent Pharmaceuticals Inc	A	786692103	22,261	1,399,205	SH		SOLE		1,399,205	0	0
SANCHEZ ENERGY CORP	COM	79970Y105	5,533	1,283,806	SH		SOLE		1,283,806	0	0
SANDISK CORP	NOTE	80004CAD3	6,251	3,986,000	PRN		SOLE		3,986,000	0	0
* SCIENTIFIC GAMES CORP	CL A	80874P109	13,239	1,475,887	SH		SOLE		1,475,887	0	0
* SCRIPPS E W CO OHIO	CL A NE	811054402	28,812	1,516,430	SH		SOLE		1,516,430	0	0
* SEACHANGE INTL INC	COM	811699107	956	141,789	SH		SOLE		141,789	0	0
* SEAWORLD ENTMT INC	COM	81282V100	19,537	992,221	SH		SOLE		992,221	0	0
* SELECT COMFORT CORP	COM	81616X103	19,044	889,472	SH		SOLE		889,472	0	0
SERVICESOURCE INTL LLC	NOTE	81763UAB6	7,390	8,700,000	PRN		SOLE		8,700,000	0	0
SHARPSPRING INC	COM	820054104	1,266	397,957	SH		SOLE		397,957	0	0
SHORETEL INC	COM	825211105	6,634	749,653	SH		SOLE		749,653	0	0
* SINCLAIR BROADCAST GROUP I	CL A	829226109	18,575	570,825	SH		SOLE		570,825	0	0
* SMITH A O	COM	831865209	6,079	79,350	SH		SOLE		79,350	0	0
SOUTHERN NATL BANCORP OF VA	COM	843395104	559	42,840	SH		SOLE		42,840	0	0
* SOUTHWEST BANCORP INC OKLA	COM	844767103	5,354	306,268	SH		SOLE		306,268	0	0
* SPECTRANETICS CORP	COM	84760C107	3,801	252,421	SH		SOLE		252,421	0	0
* SPIRIT AIRLS INC	COM	848577102	5,169	129,710	SH		SOLE		129,710	0	0
STANDARD PAC CORP NEW	NOTE	85375CBC4	5,814	5,238,000	PRN		SOLE		5,238,000	0	0
STATE BK FINL CORP	COM	856190103	6,617	314,661	SH		SOLE		314,661	0	0
* STEIN MART INC	COM	858375108	4,498	668,402	SH		SOLE		668,402	0	0
STONEGATE BK FT LAUDERDALE F	COM	861811107	6,870	209,054	SH		SOLE		209,054	0	0
SUMMIT MATLS INC	COM	86614U100	5,059	252,437	SH		SOLE		252,437	0	0
SUNPOWER CORP	NOTE	867652AJ8	6,510	7,493,000	PRN		SOLE		7,493,000	0	0
* SUPERIOR ENERGY SVCS INC	COM	868157108	10,194	756,765	SH		SOLE		756,765	0	0
* SWIFT TRANSN CO	CL A	87074U101	15,875	1,148,675	SH		SOLE		1,148,675	0	0
SYNERGY RES CORP	COM	87164P103	175	20,523	SH		SOLE		20,523	0	0
* TRI POINTE HOMES INC	COM	87265H109	1,912	150,901	SH		SOLE		150,901	0	0
TALMER BANCORP INC	COM	87482X101	24,501	1,352,913	SH		SOLE		1,352,913	0	0
TANDEM DIABETES CARE INC	COM	875372104	5,345	452,593	SH		SOLE		452,593	0	0
TEAM HEALTH HOLDINGS INC	COM	87817A107	8,240	187,736	SH		SOLE		187,736	0	0
* TEXAS CAPITAL BANCSHARES I	COM	88224Q107	14,698	297,410	SH		SOLE		297,410	0	0
TOPBUILD CORP	COM	89055F103	23,350	758,853	SH		SOLE		758,853	0	0
TRANSUNION	COM	89400J107	8,882	322,169	SH		SOLE		322,169	0	0
TRIBUNE MEDIA CO	COM	896047503	295	8,718	SH		SOLE		8,718	0	0
* TUTOR PERINI CORP	COM	901109108	18,809	1,123,570	SH		SOLE		1,123,570	0	0
* TYLER TECHNOLOGIES INC	COM	902252105	13,732	78,772	SH		SOLE		78,772	0	0
* TYSON FOODS INC	CL A	902494103	1,589	29,794	SH		SOLE		29,794	0	0
TYSON FOODS INC	UNIT 99	902494301	3,749	61,775	SH		SOLE		61,775	0	0
UCP INC	CL A	90265Y106	1,379	191,471	SH		SOLE		191,471	0	0
* U S G CORP	COM NEW	903293405	2,076	85,482	SH		SOLE		85,482	0	0
* U S SILICA HLDGS INC	COM	90346E103	13,570	724,531	SH		SOLE		724,531	0	0
UNIQUE FABRICATING INC	COM	90915J103	1,872	151,708	SH		SOLE		151,708	0	0
* UNIVERSAL HLTH SVCS INC	CL B	913903100	1,717	14,366	SH		SOLE		14,366	0	0
* VANTIV INC	CL A	92210H105	1,806	38,080	SH		SOLE		38,080	0	0
* VEECO INSTRS INC DEL	COM	922417100	3,254	158,245	SH		SOLE		158,245	0	0
* VERIFONE HLDGS INC	COM	92342Y109	27,187	970,280	SH		SOLE		970,280	0	0
WASHINGTONFIRST BANKSHARES I	COM	940730104	1,711	75,582	SH		SOLE		75,582	0	0
* WELLCARE HEALTH PLANS INC	COM	94946T106	19,542	249,868	SH		SOLE		249,868	0	0
* WERNER ENTERPRISES INC	COM	950755108	1,204	51,495	SH		SOLE		51,495	0	0
* WESTERN ALLIANCE BANCORP	COM	957638109	15,380	428,878	SH		SOLE		428,878	0	0
* WHITING PETE CORP NEW	COM	966387102	2,109	223,437	SH		SOLE		223,437	0	0
WINTHROP RLTY TR	SH BEN	976391300	5,423	418,086	SH		SOLE		418,086	0	0
* WISDOMTREE INVTS INC	COM	97717P104	15,555	991,998	SH		SOLE		991,998	0	0
* WYNN RESORTS LTD	COM	983134107	817	11,807	SH		SOLE		11,807	0	0
XPO LOGISTICS INC	COM	983793100	3,886	142,592	SH		SOLE		142,592	0	0
ALLERGAN PLC	PFD CON	G0177J116	1,456	1,413	SH		SOLE		1,413	0	0
* ARCH CAP GROUP LTD	ORD	G0450A105	3,920	56,206	SH		SOLE		56,206	0	0
BELMOND LTD	COM	G1154H107	18,108	1,906,156	SH		SOLE		1,906,156	0	0
MIMECAST LTD	COM	G14838109	1,473	153,488	SH		SOLE		153,488	0	0
ICON PLC	SHS	G4705A100	16,054	206,620	SH		SOLE		206,620	0	0
OM ASSET MGMT PLC	SHS	G67506108	13,163	858,675	SH		SOLE		858,675	0	0
SIGNET JEWELERS LIMITED	SHS	G81276100	1,678	13,570	SH		SOLE		13,570	0	0
CYREN LTD	SHS	M26895108	1,691	994,923	SH		SOLE		994,923	0	0
MYLAN N V	SHS EUR	N59465109	1,334	24,675	SH		SOLE		24,675	0	0