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
A H BELO CORP	COM CL	001282102	800	159,997	SH		SOLE		159,997	0	0
ACADIA HEALTHCARE COMPANY IN	COM	00404A109	7,201	127,736	SH		SOLE		127,736	0	1,652
ACORDA THERAPEUTICS INC	NOTE	00484MAA4	890	1,019,000	PRN		SOLE		1,019,000	0	0
* ACTUANT CORP	CL A NE	00508X203	6,653	293,273	SH		SOLE		293,273	0	617
* ADVANCE AUTO PARTS INC	COM	00751Y106	1,744	10,441	SH		SOLE		10,441	0	208
* AFFILIATED MANAGERS GROUP	COM	008252108	6,326	43,736	SH		SOLE		43,736	0	673
AKORN INC	COM	009728106	20,169	689,274	SH		SOLE		689,274	0	4,510
* ALBEMARLE CORP	COM	012653101	1,721	20,949	SH		SOLE		20,949	0	432
* ALLIANCE DATA SYSTEMS CORP	COM	018581108	1,443	7,169	SH		SOLE		7,169	0	196
AMERICAN RENAL ASSOCIATES HO	COM	029227105	2,346	80,980	SH		SOLE		80,980	0	0
AMTRUST FINL SVCS INC	NOTE	032359AG6	1,008	1,317,000	PRN		SOLE		1,317,000	0	0
* ANTERO RES CORP	COM	03674x106	326	12,557	SH		SOLE		12,557	0	0
ATKORE INTL GROUP INC	COM	047649108	9,140	570,153	SH		SOLE		570,153	0	1,126
BATS GLOBAL MKTS INC	COM	05491G109	3,153	121,310	SH		SOLE		121,310	0	1,893
BNC BANCORP	COM	05566T101	13,802	599,654	SH		SOLE		599,654	0	3,123
BMC STK HLDGS INC	COM	05591B109	7,951	446,197	SH		SOLE		446,197	0	0
* BANK OF THE OZARKS INC	COM	063904106	1,951	51,990	SH		SOLE		51,990	0	0
* BANKUNITED INC	COM	06652K103	21,774	705,896	SH		SOLE		705,896	0	4,443
* BAXTER INTL INC	COM	071813109	1,535	32,776	SH		SOLE		32,776	0	673
BAZAARVOICE INC	COM	073271108	8,323	2,075,652	SH		SOLE		2,075,652	0	0
* BEACON ROOFING SUPPLY INC	COM	073685109	12,842	281,586	SH		SOLE		281,586	0	593
BEAZER HOMES USA INC	COM NEW	07556Q881	5,119	660,513	SH		SOLE		660,513	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	5,045	126,085	SH		SOLE		126,085	0	1,837
BLOOMIN BRANDS INC	COM	094235108	1,400	78,345	SH		SOLE		78,345	0	0
* BOISE CASCADE CO DEL	COM	09739D100	760	33,100	SH		SOLE		33,100	0	0
BOJANGLES INC	COM	097488100	7,635	450,451	SH		SOLE		450,451	0	0
* BONANZA CREEK ENERGY INC	COM	097793103	770	397,685	SH		SOLE		397,685	0	0
* BORGWARNER INC	COM	099724106	1,269	42,974	SH		SOLE		42,974	0	0
* BOYD GAMING CORP	COM	103304101	12,423	666,929	SH		SOLE		666,929	0	3,930
BRIDGE BANCORP INC	COM	108035106	5,116	180,157	SH		SOLE		180,157	0	0
* BRUNSWICK CORP	COM	117043109	6,839	145,026	SH		SOLE		145,026	0	2,308
*BURLINGTON STORES INC	COM	122017106	18,850	275,983	SH		SOLE		275,983	0	1,974
CPI AEROSTRUCTURES INC	COM NEW	125919308	2,753	447,615	SH		SOLE		447,615	0	0
CU BANCORP CALIF	COM	126534106	1,729	76,085	SH		SOLE		76,085	0	0
* CABOT OIL & GAS CORP	COM	127097103	349	13,563	SH		SOLE		13,563	0	0
CALATLANTIC GROUP INC	COM	128195104	3,261	89,383	SH		SOLE		89,383	0	0
CALERES INC	COM	129500104	4,193	173,188	SH		SOLE		173,188	0	0
CALLIDUS SOFTWARE INC	COM	13123E500	11,995	598,712	SH		SOLE		598,712	0	1,265
* CALLON PETE CO DEL	COM	13123X102	450	40,086	SH		SOLE		40,086	0	0
* CAMBREX CORP	COM	132011107	11,313	218,165	SH		SOLE		218,165	0	460
CAPITAL BK FINL CORP	CL A CO	139794101	14,289	494,562	SH		SOLE		494,562	0	1,037
* CARLISLE COS INC	COM	142339100	6,919	64,863	SH		SOLE		64,863	0	1,013
* CARRIZO OIL & CO INC	COM	144577103	14,912	416,960	SH		SOLE		416,960	0	1,615
CASCADE BANCORP	COM NEW	147154207	1,675	302,398	SH		SOLE		302,398	0	0
* CAVIUM INC	COM	14964U108	13,836	345,974	SH		SOLE		345,974	0	2,711
* CELADON GROUP INC	COM	150838100	5,575	682,407	SH		SOLE		682,407	0	0
* CENTENE CORP DEL	COM	15135B101	1,872	25,809	SH		SOLE		25,809	0	507
CEPHEID	DBCV	15670RAC1	1,598	1,843,000	SH		SOLE		1,843,000	0	0
CHART INDS INC	NOTE	16115QAC4	699	751,000	PRN		SOLE		751,000	0	0
* CHICOS FAS INC	COM	168615102	1,521	142,060	SH		SOLE		142,060	0	0
CIENA CORP	NOTE	171779AE1	74	75,000	PRN		SOLE		75,000	0	0
COBIZ FINANCIAL INC	COM	190897108	9,445	807,237	SH		SOLE		807,237	0	0
*COLUMBIA PPTY TR INC	COM NEW	198287203	4,014	178,604	SH		SOLE		178,604	0	2,678
* COMSCORE INC	COM	20564W105	4,128	172,116	SH		SOLE		172,116	0	357
* COMTECH TELECOMMUNICATIONS	COM NEW	205826209	772	60,153	SH		SOLE		60,153	0	0
* CONCHO RES INC	COM	20605P101	4,257	34,833	SH		SOLE		34,833	0	499
* CONTINENTAL RESOURCES INC	COM	212015101	367	8,097	SH		SOLE		8,097	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	3,460	191,466	SH		SOLE		191,466	0	0
CROWN CASTLE INTL CORP	CNV PFD	22822V200	1,391	11,495	SH		SOLE		11,495	0	0
* CUBIC CORP	COM	229669106	8,437	209,549	SH		SOLE		209,549	0	437
* DSW INC	CL A	23334L102	1,485	70,136	SH		SOLE		70,136	0	0
DEL FRISCOS RESTAURANT GROUP	COM	245077102	9,585	669,369	SH		SOLE		669,369	0	0
* DEPOMED INC	COM	249908104	28,390	1,444,702	SH		SOLE		1,444,702	0	5,130
DEPOMED INC	NOTE	249908AA2	1,793	1,486,000	PRN		SOLE		1,486,000	0	0
DIXIE GROUP INC	CL A	255519100	2,339	657,139	SH		SOLE		657,139	0	0
EAGLE BANCORP INC MD	COM	268948106	1,009	20,968	SH		SOLE		20,968	0	0
EARTHSTONE ENERGY INC	COM NEW	27032D205	481	44,598	SH		SOLE		44,598	0	0
* ECHO GLOBAL LOGISTICS INC	COM	27875T101	3,547	158,223	SH		SOLE		158,223	0	0
ECHO GLOBAL LOGISTICS INC	NOTE	27875TAA9	1,404	1,487,000	PRN		SOLE		1,487,000	0	0
ECLIPSE RES CORP	COM	27890G100	209	62,574	SH		SOLE		62,574	0	0
8X8 INC NEW	COM	282914100	14,907	1,019,950	SH		SOLE		1,019,950	0	6,274
* ELLIE MAE INC	COM	28849P100	21,299	230,798	SH		SOLE		230,798	0	1,483
* ENTRAVISION COMMUNICATIONS	CL A	29382R107	98	14,544	SH		SOLE		14,544	0	0
ENVISION HEALTHCARE HLDGS IN	COM	29413U103	15,161	595,922	SH		SOLE		595,922	0	3,296
* ESSEX PPTY TR INC	COM	297178105	1,462	6,241	SH		SOLE		6,241	0	124
* EXAR CORP	COM	300645108	3,238	402,239	SH		SOLE		402,239	0	0
FCB FINL HLDGS INC	CL A	30255G103	15,575	456,835	SH		SOLE		456,835	0	971
FXCM INC	NOTE	302693AB2	436	1,247,000	PRN		SOLE		1,247,000	0	0
* FAIR ISAAC CORP	COM	303250104	3,652	30,834	SH		SOLE		30,834	0	444
* FELCOR LODGING TR INC	COM	31430F101	14,091	2,244,809	SH		SOLE		2,244,809	0	12,909
FIESTA RESTAURANT GROUP INC	COM	31660B101	17,110	780,868	SH		SOLE		780,868	0	2,598
* FINISAR CORP	COM NEW	31787A507	1,569	89,620	SH		SOLE		89,620	0	0
FINISAR CORP	NOTE	31787AAM3	1,535	1,592,000	PRN		SOLE		1,592,000	0	0
FIREEYE INC	NOTE	31816QAD3	1,922	2,180,000	PRN		SOLE		2,180,000	0	0
FIRST CONN BANCORP INC MD	COM	319850103	3,039	183,506	SH		SOLE		183,506	0	0
FLUIDIGM CORP DEL	NOTE	34385PAA6	344	573,000	PRN		SOLE		573,000	0	0
* FOREST CITY RLTY TR INC	COM CL	345605109	2,326	104,236	SH		SOLE		104,236	0	2,397
* FORTINET INC	COM	34959E109	3,218	99,233	SH		SOLE		99,233	0	1,461
FRANKLIN FINL NETWORK INC	COM	35352P104	3,801	121,217	SH		SOLE		121,217	0	0
* FREDS INC	CL A	356108100	3,911	242,795	SH		SOLE		242,795	0	0
FRONTIER COMMUNICATIONS CORP	PFD CON	35906A207	1,659	17,495	SH		SOLE		17,495	0	0
G-III APPAREL GROUP LTD	COM	36237H101	2,581	57,951	SH		SOLE		57,951	0	0
GTT COMMUNICATIONS INC	COM	362393100	5,897	319,119	SH		SOLE		319,119	0	0
*GAMING & LEISURE PPTYS INC	COM	36467J108	6,118	172,755	SH		SOLE		172,755	0	2,890
GASTAR EXPL INC NEW	COM	36729W202	608	552,614	SH		SOLE		552,614	0	0
GENESEE & WYO INC	COM	371559105	12,513	208,411	SH		SOLE		208,411	0	1,448
GENTHERM INC	COM	37253A103	1,211	35,350	SH		SOLE		35,350	0	0
GIGPEAK INC	COM	37518Q109	745	380,342	SH		SOLE		380,342	0	0
GODADDY INC	COM	380237107	7,964	254,048	SH		SOLE		254,048	0	4,056
* GOGO INC	COM	38046C109	5,894	701,030	SH		SOLE		701,030	0	1,418
GOGO INC	NOTE	38046CAB5	50	75,000	PRN		SOLE		75,000	0	0
GRAY TELEVISION INC	COM	389375106	23,822	2,198,885	SH		SOLE		2,198,885	0	9,331
* GULFPORT ENERGY CORP	COM NEW	402635304	9,509	304,875	SH		SOLE		304,875	0	4,164
HD SUPPLY HLDGS INC	COM	40416M105	8,432	235,727	SH		SOLE		235,727	0	3,841
* HNI CORP	COM	404251100	8,706	186,259	SH		SOLE		186,259	0	383
* HALLIBURTON CO	COM	406216101	417	9,212	SH		SOLE		9,212	0	0
* HANESBRANDS INC	COM	410345102	1,023	39,621	SH		SOLE		39,621	0	1,076
* HARSCO CORP	COM	415864107	2,907	428,167	SH		SOLE		428,167	0	0
* HEADWATERS INC	COM	42210P102	11,529	639,466	SH		SOLE		639,466	0	1,320
HELIX ENERGY SOLUTIONS GRP I	NOTE	42330PAG2	234	266,000	PRN		SOLE		266,000	0	0
HERITAGE COMMERCE CORP	COM	426927109	1,787	169,751	SH		SOLE		169,751	0	0
HERITAGE FINL CORP WASH	COM	42722X106	7,513	427,362	SH		SOLE		427,362	0	0
HI-CRUSH PARTNERS LP	COM UNI	428337109	2,993	229,018	SH		SOLE		229,018	0	0
* HOLOGIC INC	COM	436440101	1,510	41,466	SH		SOLE		41,466	0	801
HOLOGIC INC	DEBT 2	436440AC5	1,271	991,000	SH		SOLE		991,000	0	0
* HUNTSMAN CORP	COM	447011107	11,894	872,882	SH		SOLE		872,882	0	3,749
* ISTAR FINL INC	COM	45031U101	2,593	270,424	SH		SOLE		270,424	0	0
* IMAX CORP	COM	45245E109	6,215	209,842	SH		SOLE		209,842	0	444
IMPAX LABORATORIES INC	COM	45256B101	14,669	502,073	SH		SOLE		502,073	0	2,653
IMPERVA INC	COM	45321L100	8,670	200,496	SH		SOLE		200,496	0	422
INDEPENDENCE CONTRACT DRIL I	COM	453415309	91	16,767	SH		SOLE		16,767	0	0
* INTERFACE INC	COM	458665304	7,302	478,799	SH		SOLE		478,799	0	0
INTERSECT ENT INC	COM	46071F103	1,434	110,894	SH		SOLE		110,894	0	0
INVENTURE FOODS INC	COM	461212102	3,420	437,925	SH		SOLE		437,925	0	0
* ISLE OF CAPRI CASINOS INC	COM	464592104	2,101	114,708	SH		SOLE		114,708	0	0
* JACK IN THE BOX INC	COM	466367109	14,861	171,039	SH		SOLE		171,039	0	1,320
* JONES LANG LASALLE INC	COM	48020Q107	3,532	34,598	SH		SOLE		34,598	0	511
KCG HLDGS INC	CL A	48244B100	6,796	507,930	SH		SOLE		507,930	0	1,063
* KIRBY CORP	COM	497266106	3,160	51,104	SH		SOLE		51,104	0	512
KIRKLANDS INC	COM	497498105	6,091	414,939	SH		SOLE		414,939	0	0
KONA GRILL INC	COM	50047H201	3,081	287,440	SH		SOLE		287,440	0	0
LA QUINTA HLDGS INC	COM	50420D108	2,539	213,843	SH		SOLE		213,843	0	2,903
* LA Z BOY INC	COM	505336107	6,093	218,534	SH		SOLE		218,534	0	475
LEGACY TEX FINL GROUP INC	COM	52471Y106	3,562	132,349	SH		SOLE		132,349	0	0
* LENNAR CORP	CL A	526057104	1,393	29,503	SH		SOLE		29,503	0	579
LINDBLAD EXPEDITIONS HLDGS I	COM	535219109	3,876	402,517	SH		SOLE		402,517	0	0
* LIONS GATE ENTMNT CORP	COM NEW	535919203	5,731	280,309	SH		SOLE		280,309	0	3,702
LUMENTUM HLDGS INC	COM	55024U109	12,937	530,771	SH		SOLE		530,771	0	1,113
* MGM MIRAGE	COM	552953101	1,888	80,449	SH		SOLE		80,449	0	1,623
* M/I HOMES INC	COM	55305B101	1,455	77,266	SH		SOLE		77,266	0	0
MALIBU BOATS INC	COM CL	56117J100	5,266	435,918	SH		SOLE		435,918	0	0
* MARINEMAX INC	COM	567908108	5,751	338,916	SH		SOLE		338,916	0	0
* MARIN SOFTWARE INC	COM	56804T106	3,397	1,445,541	SH		SOLE		1,445,541	0	0
* MARTEN TRANS LTD	COM	573075108	7,543	380,984	SH		SOLE		380,984	0	0
MASCO CORP	COM	574599106	2,013	61,074	SH		SOLE		61,074	0	1,271
* MATADOR RES CO	COM	576485205	217	10,936	SH		SOLE		10,936	0	0
MATCH GROUP INC	COM	57665R106	4,588	297,858	SH		SOLE		297,858	0	0
MEDIA GEN INC NEW	COM	58441K100	9,966	574,715	SH		SOLE		574,715	0	3,720
MEDIDATA SOLUTIONS INC	NOTE	58471AAB1	1,494	1,379,000	PRN		SOLE		1,379,000	0	0
* MEDIVATION INC	COM	58501N101	6,275	100,790	SH		SOLE		100,790	0	1,609
MEMORIAL RESOURCE DEV CORP	COM	58605Q109	1,477	92,622	SH		SOLE		92,622	0	1,655
MERCER INTL INC	COM	588056101	2,174	272,456	SH		SOLE		272,456	0	0
* MERCURY COMPUTER SYS	COM	589378108	16,718	667,138	SH		SOLE		667,138	0	3,143
* METHODE ELECTRS INC	COM	591520200	26,330	768,154	SH		SOLE		768,154	0	821
MICRON TECHNOLOGY INC	NOTE	595112AY9	961	1,258,000	PRN		SOLE		1,258,000	0	0
* MOBILE MINI INC	COM	60740F105	20,962	605,090	SH		SOLE		605,090	0	3,713
* MODEL N INC	COM	607525102	20,187	1,511,395	SH		SOLE		1,511,395	0	1,226
* MODINE MFG CO	COM	607828100	617	70,064	SH		SOLE		70,064	0	0
MOLINA HEALTHCARE INC	DBCV	60855RAD2	1,564	1,441,000	SH		SOLE		1,441,000	0	0
* NCI BUILDING SYS INC	COM NEW	628852204	360	22,542	SH		SOLE		22,542	0	0
* NGL ENERGY PARTNERS LP	COM UNI	62913M107	209	10,811	SH		SOLE		10,811	0	0
NANOSTRING TECHNOLOGIES INC	COM	63009R109	1,788	141,905	SH		SOLE		141,905	0	0
* NATUS MEDICAL INC DEL	COM	639050103	9,979	263,125	SH		SOLE		263,125	0	536
* NEWFIELD EXPL CO	COM	651290108	2,606	58,162	SH		SOLE		58,162	0	1,075
NEXSTAR BROADCASTING GROUP I	CL A	65336K103	24,169	501,654	SH		SOLE		501,654	0	3,229
* NICE SYS LTD	SPONSOR	653656108	16,877	261,144	SH		SOLE		261,144	0	1,469
* NUVASIVE INC	COM	670704105	18,676	309,864	SH		SOLE		309,864	0	1,667
NUVASIVE INC	NOTE	670704AC9	531	364,000	PRN		SOLE		364,000	0	0
* OASIS PETE INC NEW	COM	674215108	11,044	1,185,339	SH		SOLE		1,185,339	0	2,304
ON SEMICONDUCTOR CORP	NOTE	682189AH8	367	353,000	PRN		SOLE		353,000	0	0
ON SEMICONDUCTOR CORP	NOTE	682189AK1	1,417	1,585,000	PRN		SOLE		1,585,000	0	0
OPUS BK IRVINE CALIF	COM	684000102	10,202	301,407	SH		SOLE		301,407	0	2,127
* OSHKOSH CORP	COM	688239201	7,328	145,092	SH		SOLE		145,092	0	2,304
* OWENS CORNING NEW	COM	690742101	1,722	32,534	SH		SOLE		32,534	0	653
* OXFORD INDS INC	COM	691497309	8,639	152,583	SH		SOLE		152,583	0	0
PGT INC	COM	69336V101	10,327	1,002,663	SH		SOLE		1,002,663	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	2,059	85,779	SH		SOLE		85,779	0	0
* PACWEST BANCORP DEL	COM	695263103	8,493	208,986	SH		SOLE		208,986	0	2,737
PARK STERLING CORP	COM	70086Y105	7,688	1,084,360	SH		SOLE		1,084,360	0	0
PARSLEY ENERGY INC	CL A	701877102	252	9,298	SH		SOLE		9,298	0	0
* PIER 1 IMPORTS INC	COM	720279108	5,319	1,034,794	SH		SOLE		1,034,794	0	0
* PINNACLE FINL PARTNERS INC	COM	72346Q104	15,733	320,664	SH		SOLE		320,664	0	672
PINNACLE ENTMT INC	COM	72348Y105	12,399	1,117,061	SH		SOLE		1,117,061	0	2,353
PIONEER ENERGY SVCS CORP	COM	723664108	111	24,050	SH		SOLE		24,050	0	0
* PIONEER NAT RES CO	COM	723787107	378	2,500	SH		SOLE		2,500	0	0
* POLYONE CORP	COM	73179P106	12,613	357,203	SH		SOLE		357,203	0	755
PORTFOLIO RECOVERY ASSOCS IN	NOTE	73640QAB1	1,326	1,702,000	PRN		SOLE		1,702,000	0	0
PROS HOLDINGS INC	NOTE	74346YAB9	1,125	1,260,000	PRN		SOLE		1,260,000	0	0
* QEP RES INC	COM	74733V100	230	13,074	SH		SOLE		13,074	0	0
* QUICKLOGIC CORP	COM	74837P108	1,653	1,704,199	SH		SOLE		1,704,199	0	0
RADIANT LOGISTICS INC	COM	75025X100	2,475	825,123	SH		SOLE		825,123	0	0
* RADIO ONE INC	CL D NO	75040P405	200	62,547	SH		SOLE		62,547	0	0
* RADISYS CORP	COM	750459109	4,773	1,065,369	SH		SOLE		1,065,369	0	0
* RAMBUS INC DEL	COM	750917106	3,562	281,564	SH		SOLE		281,564	0	4,116
RAMBUS INC DEL	NOTE	750917AE6	1,791	1,546,000	PRN		SOLE		1,546,000	0	0
REALOGY HLDGS CORP	COM	75605Y106	2,372	79,567	SH		SOLE		79,567	0	1,373
RED ROCK RESORTS INC	COM	75700L108	20,504	924,595	SH		SOLE		924,595	0	4,783
REVOLUTION LIGHTING TECHNOLO	COM	76155G206	3,918	633,959	SH		SOLE		633,959	0	0
* REXNORD CORP NEW	COM	76169B102	10,519	534,800	SH		SOLE		534,800	0	0
RICE ENERGY INC	COM	762760106	24,098	1,082,187	SH		SOLE		1,082,187	0	5,749
RING ENERGY INC	COM	76680V108	289	32,752	SH		SOLE		32,752	0	0
* ROGERS CORP	COM	775133101	17,249	281,338	SH		SOLE		281,338	0	394
* SLM CORP	COM	78442P106	3,391	522,338	SH		SOLE		522,338	0	8,382
* SVB FINL GROUP	COM	78486Q101	3,831	39,747	SH		SOLE		39,747	0	237
Sagent Pharmaceuticals Inc	A	786692103	27,673	1,841,035	SH		SOLE		1,841,035	0	6,267
* SAIA INC	COM	78709Y105	5,299	210,799	SH		SOLE		210,799	0	0
SANCHEZ ENERGY CORP	COM	79970Y105	8,863	1,256,002	SH		SOLE		1,256,002	0	2,602
* SCIENTIFIC GAMES CORP	CL A	80874P109	12,260	1,314,580	SH		SOLE		1,314,580	0	5,530
* SCRIPPS E W CO OHIO	CL A NE	811054402	22,449	1,398,364	SH		SOLE		1,398,364	0	9,010
* SEACHANGE INTL INC	COM	811699107	2,239	701,855	SH		SOLE		701,855	0	0
* SEAWORLD ENTMT INC	COM	81282V100	14,037	969,965	SH		SOLE		969,965	0	3,245
* SELECT COMFORT CORP	COM	81616X103	22,172	1,025,135	SH		SOLE		1,025,135	0	4,092
SERVICENOW INC	NOTE	81762PAB8	928	834,000	PRN		SOLE		834,000	0	0
SERVICESOURCE INTL LLC	NOTE	81763UAB6	244	275,000	PRN		SOLE		275,000	0	0
SHARPSPRING INC	COM	820054104	2,038	389,641	SH		SOLE		389,641	0	0
SHORETEL INC	COM	825211105	11,068	1,654,413	SH		SOLE		1,654,413	0	0
* SINCLAIR BROADCAST GROUP I	CL A	829226109	15,427	516,432	SH		SOLE		516,432	0	2,313
* SMITH A O	COM	831865209	5,883	64,869	SH		SOLE		64,869	0	947
SOUTHERN NATL BANCORP OF VA	COM	843395104	2,668	219,615	SH		SOLE		219,615	0	0
* SOUTHWEST BANCORP INC OKLA	COM	844767103	5,156	304,537	SH		SOLE		304,537	0	0
* SOUTHWESTERN ENERGY CO	COM	845467109	376	29,888	SH		SOLE		29,888	0	0
SOUTHWESTERN ENERGY CO	DEP SHS	845467208	1,242	41,250	SH		SOLE		41,250	0	0
* SPIRIT AIRLS INC	COM	848577102	3,497	77,808	SH		SOLE		77,808	0	1,137
STANDARD PAC CORP NEW	NOTE	85375CBC4	1,460	1,358,000	PRN		SOLE		1,358,000	0	0
STATE BK FINL CORP	COM	856190103	6,275	308,333	SH		SOLE		308,333	0	0
* STEIN MART INC	COM	858375108	6,669	863,894	SH		SOLE		863,894	0	0
STONEGATE BK FT LAUDERDALE F	COM	861811107	7,019	217,501	SH		SOLE		217,501	0	0
SUMMIT MATLS INC	COM	86614U100	24,079	1,158,986	SH		SOLE		1,158,986	0	7,679
SUNPOWER CORP	NOTE	867652AJ8	1,571	1,944,000	PRN		SOLE		1,944,000	0	0
* SUPERIOR ENERGY SVCS INC	COM	868157108	21,764	1,190,200	SH		SOLE		1,190,200	0	8,042
* SWIFT TRANSN CO	CL A	87074U101	14,137	910,910	SH		SOLE		910,910	0	1,483
SYNERGY RES CORP	COM	87164P103	6,258	939,711	SH		SOLE		939,711	0	0
* TRI POINTE HOMES INC	COM	87265H109	1,336	113,033	SH		SOLE		113,033	0	0
TALMER BANCORP INC	COM	87482X101	7,058	366,510	SH		SOLE		366,510	0	781
TANDEM DIABETES CARE INC	COM	875372104	3,344	443,455	SH		SOLE		443,455	0	0
TELENAV INC	COM	879455103	1,757	344,505	SH		SOLE		344,505	0	0
* TENNANT CO	COM	880345103	3,824	70,985	SH		SOLE		70,985	0	0
* TETRA TECHNOLOGIES INC DEL	COM	88162F105	2,074	325,555	SH		SOLE		325,555	0	0
* TESSERA TECHNOLOGIES INC	COM	88164L100	20,237	654,900	SH		SOLE		654,900	0	3,150
* TEXAS CAPITAL BANCSHARES I	COM	88224Q107	15,617	332,964	SH		SOLE		332,964	0	701
TOPBUILD CORP	COM	89055F103	23,377	640,121	SH		SOLE		640,121	0	3,379
TRANSUNION	COM	89400J107	7,840	232,099	SH		SOLE		232,099	0	3,693
* TUTOR PERINI CORP	COM	901109108	14,303	605,132	SH		SOLE		605,132	0	1,275
*TWITTER INC	COM	90184L102	1,605	93,409	SH		SOLE		93,409	0	1,906
* TYLER TECHNOLOGIES INC	COM	902252105	19,892	118,830	SH		SOLE		118,830	0	719
UCP INC	CL A	90265Y106	1,516	189,021	SH		SOLE		189,021	0	0
* U S SILICA HLDGS INC	COM	90346E103	29,625	854,232	SH		SOLE		854,232	0	5,217
UNIQUE FABRICATING INC	COM	90915J103	1,492	111,455	SH		SOLE		111,455	0	0
* UNIT CORP	COM	909218109	371	23,817	SH		SOLE		23,817	0	0
* UNITED RENTALS INC	COM	911363109	7,263	101,722	SH		SOLE		101,722	0	1,681
* VANTIV INC	CL A	92210H105	1,376	24,006	SH		SOLE		24,006	0	500
* VEECO INSTRS INC DEL	COM	922417100	6,935	418,771	SH		SOLE		418,771	0	0
* VERIFONE HLDGS INC	COM	92342Y109	4,316	228,482	SH		SOLE		228,482	0	2,719
WASHINGTONFIRST BANKSHARES I	COM	940730104	1,601	74,079	SH		SOLE		74,079	0	0
* WEBSTER FINL CORP CONN	COM	947890109	8,039	236,050	SH		SOLE		236,050	0	408
* WELLCARE HEALTH PLANS INC	COM	94946T106	17,192	159,423	SH		SOLE		159,423	0	907
* WESTERN ALLIANCE BANCORP	COM	957638109	16,796	510,645	SH		SOLE		510,645	0	2,008
WHITING PETE CORP NEW	NOTE	966387AL6	344	435,000	PRN		SOLE		435,000	0	0
WILLIAMS CLAYTON ENERGY INC	COM	969490101	215	7,828	SH		SOLE		7,828	0	0
WINTHROP RLTY TR	SH BEN	976391300	3,176	361,310	SH		SOLE		361,310	0	0
* WISDOMTREE INVTS INC	COM	97717P104	2,021	202,324	SH		SOLE		202,324	0	4,088
WPX ENERGY INC	COM	98212B103	11,192	1,197,430	SH		SOLE		1,197,430	0	2,416
WRIGHT MED GROUP INC	NOTE	98235TAE7	1,775	1,942,000	PRN		SOLE		1,942,000	0	0
* WYNN RESORTS LTD	COM	983134107	1,565	16,569	SH		SOLE		16,569	0	331
XPO LOGISTICS INC	COM	983793100	5,787	210,345	SH		SOLE		210,345	0	3,095
ALLERGAN PLC	PFD CON	G0177J116	1,169	1,402	SH		SOLE		1,402	0	0
* ARCH CAP GROUP LTD	ORD	G0450A105	5,538	75,535	SH		SOLE		75,535	0	1,206
BELMOND LTD	COM	G1154H107	10,422	1,048,575	SH		SOLE		1,048,575	0	0
ICON PLC	SHS	G4705A100	14,975	210,520	SH		SOLE		210,520	0	1,166
WEATHERFORD INTL PLC	COM	G48833100	182	32,736	SH		SOLE		32,736	0	0
* NABORS INDUSTRIES LTD	SHS	G6359F103	300	29,824	SH		SOLE		29,824	0	0
OM ASSET MGMT PLC	SHS	G67506108	9,518	710,832	SH		SOLE		710,832	0	1,327
SIGNET JEWELERS LIMITED	SHS	G81276100	1,042	12,183	SH		SOLE		12,183	0	242
CYREN LTD	SHS	M26895108	1,930	974,680	SH		SOLE		974,680	0	0
* INTERXION HOLDING N.V	SHS	N47279109	10,198	275,766	SH		SOLE		275,766	0	570