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
Estimated average burden
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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	974	153,401	SH		SOLE		153,401	0	0
ACADIA HEALTHCARE COMPANY IN	COM	00404A109	9,204	1,230,829	SH		SOLE		1,230,829	0	73,776
ADVANCE AUTO PARTS INC	COM	00751Y106	1,648	203,967	SH		SOLE		203,967	0	6,151
AFFILIATED MANAGERS GROUP	COM	008252108	5,356	371,283	SH		SOLE		371,283	0	23,071
AKORN INC	COM	009728106	12,130	2,030,071	SH		SOLE		2,030,071	0	120,398
ALBEMARLE CORP	COM	012653101	1,391	346,518	SH		SOLE		346,518	0	10,004
AMERICAN RENAL ASSOCIATES HO	COM	029227105	3,490	164,006	SH		SOLE		164,006	0	0
AMERICAN TOWER CORP NEW	NOTE	03027X407	807	7,790	PRN		SOLE		7,790	0	0
AMTRUST FINL SVCS INC	NOTE	032359AG6	1,004	1,183,000	PRN		SOLE		1,183,000	0	0
ANTHEM INC	NOTE	036752202	1,166	24,800	PRN		SOLE		24,800	0	0
APPROACH RESOURCES INC	COM	03834A103	3,397	1,014,175	SH		SOLE		1,014,175	0	0
ARCH COAL INC	COM	039380407	11,102	132,300	SH		SOLE		132,300	0	14,886
ASPEN TECHNOLOGY INC	COM	045327103	1,524	610,582	SH		SOLE		610,582	0	17,126
ATKORE INTL GROUP INC	COM	047649108	11,653	454,236	SH		SOLE		454,236	0	50,244
BOK FINL CORP	COM NEW	05561Q201	1,361	31,330	SH		SOLE		31,330	0	10,108
BNC BANCORP	COM	05566T101	4,393	239,810	SH		SOLE		239,810	0	87,790
BMC STK HLDGS INC	COM	05591B109	430	22,049	SH		SOLE		22,049	0	0
BANK MUTUAL CORP NEW	COM	063750103	2,639	279,279	SH		SOLE		279,279	0	0
BANKUNITED INC	COM	06652K103	3,451	159,267	SH		SOLE		159,267	0	58,622
BARRETT BILL CORP	COM	06846N104	4,980	712,388	SH		SOLE		712,388	0	0
BASIC ENERGY SVCS INC NEW	COM	06985P209	962	27,222	SH		SOLE		27,222	0	0
BAXTER INTL INC	COM	071813109	1,671	823,765	SH		SOLE		823,765	0	23,248
BAZAARVOICE INC	COM	073271108	5,930	1,222,685	SH		SOLE		1,222,685	0	0
BEACON ROOFING SUPPLY INC	COM	073685109	10,263	205,727	SH		SOLE		205,727	0	24,956
BERRY PLASTICS GROUP INC	COM	08579W103	3,265	114,427	SH		SOLE		114,427	0	44,041
BOISE CASCADE CO DEL	COM	09739D100	314	13,973	SH		SOLE		13,973	0	0
BOJANGLES INC	COM	097488100	6,716	360,113	SH		SOLE		360,113	0	0
BOYD GAMING CORP	COM	103304101	1,678	141,957	SH		SOLE		141,957	0	54,708
BRIDGE BANCORP INC	COM	108035106	2,216	58,458	SH		SOLE		58,458	0	0
BRUNSWICK CORP	COM	117043109	3,790	528,599	SH		SOLE		528,599	0	44,706
BURLINGTON STORES INC	COM	122017106	4,244	358,504	SH		SOLE		358,504	0	32,435
CPI AEROSTRUCTURES INC	COM NEW	125919308	4,139	447,513	SH		SOLE		447,513	0	0
CALATLANTIC GROUP INC	COM	128195104	3,252	155,364	SH		SOLE		155,364	0	61,040
CALERES INC	COM	129500104	5,447	165,980	SH		SOLE		165,980	0	0
CALLIDUS SOFTWARE INC	COM	13123E500	8,903	497,665	SH		SOLE		497,665	0	51,694
CALLON PETE CO DEL	COM	13123X102	638	41,502	SH		SOLE		41,502	0	0
CAMBREX CORP	COM	132011107	12,121	207,774	SH		SOLE		207,774	0	25,007
CAPITAL BK FINL CORP	CL A CO	139794101	18,629	441,519	SH		SOLE		441,519	0	50,139
CAPSTAR FINL HLDGS INC	COM	14070T102	2,266	103,190	SH		SOLE		103,190	0	0
CARLISLE COS INC	COM	142339100	1,998	31,105	SH		SOLE		31,105	0	11,860
CARRIZO OIL & CO INC	COM	144577103	13,036	393,084	SH		SOLE		393,084	0	81,768
CASCADE BANCORP	COM NEW	147154207	311	38,263	SH		SOLE		38,263	0	0
CAVIUM INC	COM	14964U108	16,631	864,945	SH		SOLE		864,945	0	70,344
CELADON GROUP INC	COM	150838100	8,963	1,253,561	SH		SOLE		1,253,561	0	0
CEMEX SAB DE CV	NOTE	151290BC6	729	650,000	PRN		SOLE		650,000	0	0
CEMEX SAB DE CV	NOTE	151290BR3	37	35,000	PRN		SOLE		35,000	0	0
CHEMICAL FINL CORP	COM	163731102	15,999	314,534	SH		SOLE		314,534	0	55,056
CHEROKEE INC DEL NEW	COM	16444H102	3,114	296,614	SH		SOLE		296,614	0	0
CHESAPEAKE ENERGY CORP	COM	165167107	459	65,442	SH		SOLE		65,442	0	0
CHUYS HLDGS INC	COM	171604101	5,673	174,836	SH		SOLE		174,836	0	0
CIENA CORP	NOTE	171779AE1	38	39,000	PRN		SOLE		39,000	0	0
CLIFFS NATURAL RESOURCES INC	COM	18683k101	363	43,152	SH		SOLE		43,152	0	0
COBIZ FINANCIAL INC	COM	190897108	10,973	649,683	SH		SOLE		649,683	0	0
COMMSCOPE HLDG CO INC	COM	20337X109	1,867	94,333	SH		SOLE		94,333	0	31,580
COMSTOCK RES INC	COM	205768302	322	32,741	SH		SOLE		32,741	0	0
COMSTOCK RES INC	NOTE	205768AM6	2,002	2,301,000	PRN		SOLE		2,301,000	0	0
COMTECH TELECOMMUNICATIONS C	COM NEW	205826209	708	59,741	SH		SOLE		59,741	0	0
CONTINENTAL RESOURCES INC	COM	212015101	1,631	612,529	SH		SOLE		612,529	0	17,184
CORECIVIC INC	COM	21871N101	232	9,500	SH		SOLE		9,500	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	9,665	499,749	SH		SOLE		499,749	0	0
DXP ENTERPRISES INC NEW	COM NEW	233377407	13,841	383,347	SH		SOLE		383,347	0	23,195
DEL FRISCOS RESTAURANT GROUP	COM	245077102	8,838	519,861	SH		SOLE		519,861	0	0
DEPOMED INC	COM	249908104	16,563	981,900	SH		SOLE		981,900	0	147,513
DEPOMED INC	NOTE	249908AA2	1,271	1,117,000	PRN		SOLE		1,117,000	0	0
DIXIE GROUP INC	CL A	255519100	2,338	649,451	SH		SOLE		649,451	0	0
DYNEGY INC NEW DEL	COM	26817R108	21,425	2,437,622	SH		SOLE		2,437,622	0	144,074
ECHO GLOBAL LOGISTICS INC	COM	27875T101	6,490	259,078	SH		SOLE		259,078	0	0
ECHO GLOBAL LOGISTICS INC	NOTE	27875TAA9	1,044	1,065,000	PRN		SOLE		1,065,000	0	0
ECLIPSE RES CORP	COM	27890G100	4,944	1,851,594	SH		SOLE		1,851,594	0	0
8X8 INC NEW	COM	282914100	10,888	897,055	SH		SOLE		897,055	0	203,244
ELLIE MAE INC	COM	28849P100	11,995	537,180	SH		SOLE		537,180	0	40,876
EMERGE ENERGY SVCS LP	COM REP	29102H108	3,271	265,686	SH		SOLE		265,686	0	0
EVERCORE PARTNERS INC	CLASS A	29977A105	7,955	107,916	SH		SOLE		107,916	0	12,136
EXPRESS INC	COM	30219E103	9,293	863,689	SH		SOLE		863,689	0	0
EXTRACTION OIL AND GAS INC	COM	30227M105	5,739	269,087	SH		SOLE		269,087	0	27,705
FCB FINL HLDGS INC	CL A	30255G103	10,666	205,455	SH		SOLE		205,455	0	26,070
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	11,749	948,130	SH		SOLE		948,130	0	84,314
FELCOR LODGING TR INC	COM	31430F101	13,920	1,919,061	SH		SOLE		1,919,061	0	338,838
FIDELITY NATIONAL FINANCIAL	FNF GRO	31620R303	3,821	1,072,402	SH		SOLE		1,072,402	0	70,312
FIDELITY NATIONAL FINANCIAL	NOTE	31620RAE5	729	375,000	PRN		SOLE		375,000	0	0
FIESTA RESTAURANT GROUP INC	COM	31660B101	19,067	700,458	SH		SOLE		700,458	0	69,365
FIREEYE INC	NOTE	31816QAD3	884	982,000	PRN		SOLE		982,000	0	0
FIRST CONN BANCORP INC MD	COM	319850103	3,468	153,102	SH		SOLE		153,102	0	0
FIRST NBC BK HLDG CO	COM	32115D106	1,531	209,662	SH		SOLE		209,662	0	0
Five Below Inc	com	33829M101	9,666	232,034	SH		SOLE		232,034	0	18,856
GEO GROUP INC NEW	COM	36162J106	2,821	138,108	SH		SOLE		138,108	0	45,937
GP STRATEGIES CORP	COM	36225V104	1,581	55,289	SH		SOLE		55,289	0	0
G-III APPAREL GROUP LTD	COM	36237H101	12,635	1,782,561	SH		SOLE		1,782,561	0	69,699
GAMING & LEISURE PPTYS INC	COM	36467J108	3,893	1,306,183	SH		SOLE		1,306,183	0	79,529
GASTAR EXPL INC NEW	COM	36729W202	3,942	2,543,274	SH		SOLE		2,543,274	0	0
GENESEE & WYO INC	COM	371559105	16,429	836,995	SH		SOLE		836,995	0	62,599
GENTHERM INC	COM	37253A103	428	12,642	SH		SOLE		12,642	0	0
GODADDY INC	COM	380237107	5,123	1,342,259	SH		SOLE		1,342,259	0	93,688
GOGO INC	COM	38046C109	6,817	715,490	SH		SOLE		715,490	0	47,504
GOGO INC	NOTE	38046CAB5	2,955	3,930,000	PRN		SOLE		3,930,000	0	0
GRAY TELEVISION INC	COM	389375106	18,890	1,820,250	SH		SOLE		1,820,250	0	229,332
GUARANTY BANCORP DEL	COM NEW	40075T607	7,810	322,740	SH		SOLE		322,740	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	3,708	1,814,063	SH		SOLE		1,814,063	0	107,104
HD SUPPLY HLDGS INC	COM	40416M105	5,669	1,262,121	SH		SOLE		1,262,121	0	85,372
HABIT RESTAURANTS INC	COM	40449J103	7,443	431,477	SH		SOLE		431,477	0	0
HALCON RES CORP	NOTE	40537Q118	25	10,779	PRN		SOLE		10,779	0	0
HALCON RES CORP	COM	40537Q605	317	33,940	SH		SOLE		33,940	0	0
HARSCO CORP	COM	415864107	21,538	1,505,557	SH		SOLE		1,505,557	0	115,326
HEADWATERS INC	COM	42210P102	2,352	175,847	SH		SOLE		175,847	0	65,036
HELIX ENERGY SOLUTIONS GRP I	COM	42330P107	442	50,075	SH		SOLE		50,075	0	0
HERITAGE COMMERCE CORP	COM	426927109	7,765	538,113	SH		SOLE		538,113	0	0
HERITAGE FINL CORP WASH	COM	42722X106	11,037	428,629	SH		SOLE		428,629	0	0
HERITAGE OAKS BANCORP	COM	42724R107	2,783	225,739	SH		SOLE		225,739	0	0
HI-CRUSH PARTNERS LP	COM UNI	428337109	643	32,475	SH		SOLE		32,475	0	0
HOLOGIC INC	COM	436440101	1,631	880,114	SH		SOLE		880,114	0	25,200
HOLOGIC INC	DEBT 2	436440AC5	781	576,000	SH		SOLE		576,000	0	0
HORNBECK OFFSHORE SVCS INC N	NOTE	440543AN6	429	605,000	PRN		SOLE		605,000	0	0
HORTONWORKS INC	COM	440894103	15,498	1,810,860	SH		SOLE		1,810,860	0	84,588
HUNTSMAN CORP	COM	447011107	17,119	3,722,057	SH		SOLE		3,722,057	0	169,445
IMAX CORP	COM	45245E109	7,012	208,026	SH		SOLE		208,026	0	23,393
IMPAX LABORATORIES INC	COM	45256B101	2,073	156,429	SH		SOLE		156,429	0	0
INTEGRATED DEVICE TECHNOLOGY	NOTE	458118AC0	712	692,000	PRN		SOLE		692,000	0	0
INTEL CORP	SDCV	458140AD2	1,071	793,000	SH		SOLE		793,000	0	0
INTERFACE INC	COM	458665304	601	32,380	SH		SOLE		32,380	0	0
INTERSECT ENT INC	COM	46071F103	1,326	109,590	SH		SOLE		109,590	0	0
INVENTURE FOODS INC	COM	461212102	4,262	432,732	SH		SOLE		432,732	0	0
INVESTAR HLDG CORP	COM	46134l105	244	13,085	SH		SOLE		13,085	0	0
ISHARES TR	COM	464287499	128	70,513	SH		SOLE		70,513	0	0
ISHARES TR	COM	464287655	5,814	22,182	SH		SOLE		22,182	0	42,716
JACK IN THE BOX INC	COM	466367109	9,710	374,649	SH		SOLE		374,649	0	29,721
JONES ENERGY INC	COM CL	48019R108	8,768	1,753,674	SH		SOLE		1,753,674	0	0
KCG HLDGS INC	CL A	48244B100	8,366	586,561	SH		SOLE		586,561	0	67,395
K2M GROUP HLDGS INC	COM	48273J107	4,545	226,780	SH		SOLE		226,780	0	0
KEY ENERGY SVCS INC DEL	COM	49309J103	1,850	58,165	SH		SOLE		58,165	0	0
KIRKLANDS INC	COM	497498105	9,997	644,531	SH		SOLE		644,531	0	0
KONA GRILL INC	COM	50047H201	8,763	698,215	SH		SOLE		698,215	0	0
LA QUINTA HLDGS INC	COM	50420D108	2,026	255,197	SH		SOLE		255,197	0	91,719
LAM RESEARCH CORP	NOTE	512807AL2	90	53,000	PRN		SOLE		53,000	0	0
LEGACY TEX FINL GROUP INC	COM	52471Y106	260	6,043	SH		SOLE		6,043	0	0
LINDBLAD EXPEDITIONS HLDGS I	COM	535219109	3,692	390,680	SH		SOLE		390,680	0	0
LIONS GATE ENTMNT CORP	COM	535919401	2,083	794,966	SH		SOLE		794,966	0	49,219
LIONS GATE ENTMNT CORP	COM	535919500	1,899	795,569	SH		SOLE		795,569	0	49,184
LIVE NATION INC	COM	538034109	2,240	152,167	SH		SOLE		152,167	0	54,096
LIVE NATION ENTERTAINMENT IN	NOTE	538034AJ8	1,160	1,088,000	PRN		SOLE		1,088,000	0	0
LONESTAR RES US INC	COM	54240f103	854	100,000	SH		SOLE		100,000	0	0
MGM MIRAGE	COM	552953101	1,640	1,198,078	SH		SOLE		1,198,078	0	35,622
MGM GROWTH PPTYS LLC	COM	55303A105	2,064	137,371	SH		SOLE		137,371	0	51,379
MALIBU BOATS INC	COM CL	56117J100	6,971	365,364	SH		SOLE		365,364	0	0
MARIN SOFTWARE INC	COM	56804T106	2,821	1,200,347	SH		SOLE		1,200,347	0	0
MARTEN TRANS LTD	COM	573075108	8,599	369,075	SH		SOLE		369,075	0	0
MASCO CORP	COM	574599106	1,964	1,364,878	SH		SOLE		1,364,878	0	38,179
MATCH GROUP INC	COM	57665R106	5,392	2,948,096	SH		SOLE		2,948,096	0	202,584
MATTERSIGHT CORP	COM	577097108	4,000	1,081,163	SH		SOLE		1,081,163	0	0
MEDIA GEN INC NEW	COM	58441K100	4,509	260,505	SH		SOLE		260,505	0	55,278
MEDIDATA SOLUTIONS INC	NOTE	58471AAB1	426	393,000	PRN		SOLE		393,000	0	0
MERCER INTL INC	COM	588056101	4,494	421,971	SH		SOLE		421,971	0	0
MERCURY COMPUTER SYS	COM	589378108	13,168	489,116	SH		SOLE		489,116	0	102,640
meritor inc	com	59001K100	441	35,478	SH		SOLE		35,478	0	0
MICRON TECHNOLOGY INC	NOTE	595112AY9	1,113	1,120,000	PRN		SOLE		1,120,000	0	0
MOBILE MINI INC	COM	60740F105	14,247	534,344	SH		SOLE		534,344	0	91,464
MODEL N INC	COM	607525102	11,138	1,229,017	SH		SOLE		1,229,017	0	46,387
MODINE MFG CO	COM	607828100	1,032	69,253	SH		SOLE		69,253	0	0
MOLINA HEALTHCARE INC	DBCV	60855RAD2	820	721,000	SH		SOLE		721,000	0	0
NANOSTRING TECHNOLOGIES INC	COM	63009R109	608	27,285	SH		SOLE		27,285	0	0
NATUS MEDICAL INC DEL	COM	639050103	3,530	91,495	SH		SOLE		91,495	0	13,492
NAVISTAR INTL CORP NEW	NOTE	63934EAS7	1,738	1,760,000	PRN		SOLE		1,760,000	0	0
NETLIST INC	COM	64118P109	1,370	1,343,627	SH		SOLE		1,343,627	0	0
NEWFIELD EXPL CO	COM	651290108	2,309	102,248	SH		SOLE		102,248	0	36,629
NEXSTAR BROADCASTING GROUP I	CL A	65336K103	23,549	1,229,813	SH		SOLE		1,229,813	0	92,417
NICE SYS LTD	SPONSOR	653656108	14,497	224,836	SH		SOLE		224,836	0	43,612
NVIDIA CORP	NOTE	67066GAC8	784	148,000	PRN		SOLE		148,000	0	0
NUVASIVE INC	COM	670704105	14,515	234,347	SH		SOLE		234,347	0	47,568
NUVASIVE INC	NOTE	670704AC9	259	161,000	PRN		SOLE		161,000	0	0
OASIS PETE INC NEW	COM	674215108	14,100	919,348	SH		SOLE		919,348	0	130,692
OASIS PETE INC NEW	NOTE	674215AJ7	1,216	875,000	PRN		SOLE		875,000	0	0
ON SEMICONDUCTOR CORP	NOTE	682189AK1	753	735,000	PRN		SOLE		735,000	0	0
OSHKOSH CORP	COM	688239201	5,602	712,629	SH		SOLE		712,629	0	55,884
OWENS CORNING NEW	COM	690742101	1,875	794,402	SH		SOLE		794,402	0	22,389
OXFORD INDS INC	COM	691497309	8,941	148,696	SH		SOLE		148,696	0	0
PDC ENERGY INC	NOTE	69327RAD3	1,038	930,000	PRN		SOLE		930,000	0	0
PGT INC	COM	69336V101	4,859	424,372	SH		SOLE		424,372	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	1,122	31,741	SH		SOLE		31,741	0	0
PACWEST BANCORP DEL	COM	695263103	5,253	805,564	SH		SOLE		805,564	0	60,350
PALO ALTO NETWORKS INC	NOTE	697435AB1	117	92,000	PRN		SOLE		92,000	0	0
PANDORA MEDIA INC	NOTE	698354AB3	589	575,000	PRN		SOLE		575,000	0	0
PARK STERLING CORP	COM	70086Y105	9,260	858,189	SH		SOLE		858,189	0	0
PENN NATL GAMING INC	COM	707569109	8,808	609,144	SH		SOLE		609,144	0	52,649
PENN VA CORP NEW	COM	70788V102	306	6,247	SH		SOLE		6,247	0	0
PETROQUEST ENERGY INC	COM	716748306	603	182,257	SH		SOLE		182,257	0	0
PIER 1 IMPORTS INC	COM	720279108	9,212	1,078,714	SH		SOLE		1,078,714	0	0
PILGRIMS PRIDE CORP NEW	COM	72147K108	351	18,475	SH		SOLE		18,475	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	14,437	192,102	SH		SOLE		192,102	0	23,653
PINNACLE ENTMT INC	COM	72348Y105	12,180	777,761	SH		SOLE		777,761	0	92,630
PIONEER ENERGY SVCS CORP	COM	723664108	913	133,271	SH		SOLE		133,271	0	0
PRICELINE GRP INC	NOTE	741503AS5	693	544,000	PRN		SOLE		544,000	0	0
QUICKLOGIC CORP	COM	74837P108	841	604,761	SH		SOLE		604,761	0	0
RADIANT LOGISTICS INC	COM	75025X100	6,161	1,579,766	SH		SOLE		1,579,766	0	0
RADIO ONE INC	CL D NO	75040P405	108	37,139	SH		SOLE		37,139	0	0
RADISYS CORP	COM	750459109	3,937	888,783	SH		SOLE		888,783	0	0
RAMBUS INC DEL	NOTE	750917AE6	843	679,000	PRN		SOLE		679,000	0	0
RED ROCK RESORTS INC	COM	75700L108	16,470	779,548	SH		SOLE		779,548	0	154,000
REPUBLIC FIRST BANCORP INC	COM	760416107	386	46,278	SH		SOLE		46,278	0	0
RESOLUTE ENERGY CORP	COM	76116A306	7,432	180,426	SH		SOLE		180,426	0	0
REVOLUTION LIGHTING TECHNOLO	COM	76155G206	3,903	709,549	SH		SOLE		709,549	0	0
REXNORD CORP NEW	COM	76169B102	7,014	344,169	SH		SOLE		344,169	0	27,238
RICE ENERGY INC	COM	762760106	15,957	809,608	SH		SOLE		809,608	0	147,849
RING ENERGY INC	COM	76680V108	7,885	607,041	SH		SOLE		607,041	0	0
RYLAND GROUP INC	NOTE	783764AQ6	738	617,000	PRN		SOLE		617,000	0	0
SLM CORP	COM	78442P106	4,293	667,100	SH		SOLE		667,100	0	231,827
SM ENERGY CO COM	SM ENER	78454L100	304	8,815	SH		SOLE		8,815	0	0
SPX FLOW INC	COM	78469X107	13,104	392,019	SH		SOLE		392,019	0	29,285
SVB FINL GROUP	COM	78486Q101	2,409	278,650	SH		SOLE		278,650	0	8,226
SANCHEZ ENERGY CORP	COM	79970Y105	10,936	1,144,495	SH		SOLE		1,144,495	0	98,312
SANCHEZ PRODTN PARTNERS	COM	79971C201	522	44,613	SH		SOLE		44,613	0	0
SCIENTIFIC GAMES CORP	CL A	80874P109	10,425	689,001	SH		SOLE		689,001	0	82,100
SCRIPPS E W CO OHIO	CL A NE	811054402	20,137	3,328,839	SH		SOLE		3,328,839	0	231,776
SEACHANGE INTL INC	COM	811699107	1,604	697,479	SH		SOLE		697,479	0	0
SEAWORLD ENTMT INC	COM	81282V100	18,453	3,569,792	SH		SOLE		3,569,792	0	231,575
SELECT COMFORT CORP	COM	81616X103	9,396	489,568	SH		SOLE		489,568	0	111,025
SEMTECH CORP	COM	816850101	11,089	333,768	SH		SOLE		333,768	0	30,766
SERVICENOW INC	NOTE	81762PAB8	870	741,000	PRN		SOLE		741,000	0	0
SHARPSPRING INC	COM	820054104	2,022	383,589	SH		SOLE		383,589	0	0
SHORETEL INC	COM	825211105	16,409	2,262,024	SH		SOLE		2,262,024	0	66,573
SINCLAIR BROADCAST GROUP INC	CL A	829226109	16,229	2,027,922	SH		SOLE		2,027,922	0	91,605
SMITH A O	COM	831865209	2,652	93,897	SH		SOLE		93,897	0	37,155
SOUTHERN NATL BANCORP OF VA	COM	843395104	3,462	211,891	SH		SOLE		211,891	0	0
SOUTHWEST BANCORP INC OKLA	COM	844767103	6,745	232,586	SH		SOLE		232,586	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	1,820	2,871,455	SH		SOLE		2,871,455	0	79,512
SOUTHWESTERN ENERGY CO	DEP SHS	845467208	1,967	77,430	SH		SOLE		77,430	0	0
SPIRIT AIRLS INC	COM	848577102	2,847	87,042	SH		SOLE		87,042	0	31,760
STATE BK FINL CORP	COM	856190103	7,501	279,266	SH		SOLE		279,266	0	0
STEIN MART INC	COM	858375108	5,019	915,870	SH		SOLE		915,870	0	0
STONEGATE BK FT LAUDERDALE F	COM	861811107	4,521	108,330	SH		SOLE		108,330	0	0
SUMMIT MATLS INC	COM	86614U100	20,227	2,553,293	SH		SOLE		2,553,293	0	227,922
SUNSHINE BANCORP INC	COM	86777J108	1,159	67,594	SH		SOLE		67,594	0	0
SUPERIOR DRILLING PRODS INC	COM	868153107	463	350,565	SH		SOLE		350,565	0	0
SUPERIOR ENERGY SVCS INC	COM	868157108	19,810	4,268,453	SH		SOLE		4,268,453	0	300,647
SWIFT TRANSN CO	CL A	87074U101	15,114	577,222	SH		SOLE		577,222	0	65,099
SYNERGY RES CORP	COM	87164P103	181	20,281	SH		SOLE		20,281	0	0
T MOBILE US INC	CONV PF	872590203	809	8,600	SH		SOLE		8,600	0	0
TELENAV INC	COM	879455103	5,377	762,649	SH		SOLE		762,649	0	0
TETRA TECHNOLOGIES INC DEL	COM	88162F105	5,760	1,147,350	SH		SOLE		1,147,350	0	0
TESSERA HLDG CORP	COM	88166T101	22,103	545,047	SH		SOLE		545,047	0	107,779
TEXAS CAPITAL BANCSHARES INC	COM	88224Q107	18,066	213,380	SH		SOLE		213,380	0	25,166
TOPBUILD CORP	COM	89055F103	15,123	462,890	SH		SOLE		462,890	0	92,903
TRANSUNION	COM	89400J107	3,072	172,123	SH		SOLE		172,123	0	63,722
TUTOR PERINI CORP	COM	901109108	8,717	287,533	SH		SOLE		287,533	0	34,961
TWITTER INC	COM	90184L102	1,365	1,804,825	SH		SOLE		1,804,825	0	51,798
TYLER TECHNOLOGIES INC	COM	902252105	10,566	342,528	SH		SOLE		342,528	0	23,131
U S CONCRETE INC	COM NEW	90333L201	10,879	156,397	SH		SOLE		156,397	0	14,843
U S SILICA HLDGS INC	COM	90346E103	19,047	1,158,994	SH		SOLE		1,158,994	0	90,819
UNIT CORP	COM	909218109	561	20,864	SH		SOLE		20,864	0	0
UNITED RENTALS INC	COM	911363109	5,365	415,100	SH		SOLE		415,100	0	32,709
VALVOLINE INC	COM	92047W101	1,718	141,744	SH		SOLE		141,744	0	48,558
VEECO INSTRS INC DEL	COM	922417100	1,165	39,971	SH		SOLE		39,971	0	0
VANGUARD INDEX FDS	MID CAP	922908629	203	51	SH		SOLE		51	0	1,493
VANGUARD INDEX FDS	EXTEND	922908652	3,297	3,739	SH		SOLE		3,739	0	30,645
VERISIGN INC	NOTE	92343EAD4	602	271,000	PRN		SOLE		271,000	0	0
VERISIGN INC	SDCV	92343EAD4	602	271,000	SH		SOLE		271,000	0	0
WSFS FINL CORP	COM	929328102	12,489	251,663	SH		SOLE		251,663	0	27,490
WASHINGTONFIRST BANKSHARES I	COM	940730104	2,227	76,832	SH		SOLE		76,832	0	0
WEBSTER FINL CORP CONN	COM	947890109	14,769	251,978	SH		SOLE		251,978	0	29,821
WELLCARE HEALTH PLANS INC	COM	94946T106	9,427	77,000	SH		SOLE		77,000	0	17,314
WESCO INTL INC	COM	95082P105	1,999	55,527	SH		SOLE		55,527	0	19,057
WESTERN ALLIANCE BANCORP	COM	957638109	18,287	402,445	SH		SOLE		402,445	0	78,125
WESTERN DIGITAL CORP	COM	958102105	2,568	814,748	SH		SOLE		814,748	0	23,462
WHITING PETE CORP NEW	COM	966387102	694	57,696	SH		SOLE		57,696	0	0
WILDHORSE RESOURCE DEV CORP	COM	96812T102	3,156	206,523	SH		SOLE		206,523	0	17,775
WILLIAMS CLAYTON ENERGY INC	COM	969490101	767	6,434	SH		SOLE		6,434	0	0
WPX ENERGY INC	COM	98212B103	16,527	1,218,100	SH		SOLE		1,218,100	0	227,460
WPX ENERGY INC	NOTE	98212B202	1,072	16,180	PRN		SOLE		16,180	0	0
WRIGHT MED GROUP INC	NOTE	98235TAE7	918	882,000	PRN		SOLE		882,000	0	0
WYNN RESORTS LTD	COM	983134107	1,687	409,247	SH		SOLE		409,247	0	12,287
XPO LOGISTICS INC	COM	983793100	3,154	125,472	SH		SOLE		125,472	0	47,686
ZAGG INCORPORATED	COM	98884U108	6,711	945,221	SH		SOLE		945,221	0	0
ZIONS BANCORPORATION	COM	989701107	2,166	991,787	SH		SOLE		991,787	0	27,945
ALLERGAN PLC	PFD CON	G0177J116	959	1,260	SH		SOLE		1,260	0	0
AQUAVENTURE HLDGS LTD	COM	G0443N107	791	32,227	SH		SOLE		32,227	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	4,265	454,012	SH		SOLE		454,012	0	31,711
BELMOND LTD	COM	G1154H107	10,377	721,041	SH		SOLE		721,041	0	83,614
ICON PLC	SHS	G4705A100	12,185	180,763	SH		SOLE		180,763	0	37,212
WEATHERFORD INTL PLC	COM	G48833100	51	10,317	SH		SOLE		10,317	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	328	19,970	SH		SOLE		19,970	0	0
OM ASSET MGMT PLC	SHS	G67506108	8,667	566,224	SH		SOLE		566,224	0	53,210
TRANSOCEAN LTD	REG SHS	H8817H100	1,797	2,588,161	SH		SOLE		2,588,161	0	72,773
CYREN LTD	SHS	M26895108	2,075	964,954	SH		SOLE		964,954	0	0
INTERXION HOLDING N.V	SHS	N47279109	7,961	210,606	SH		SOLE		210,606	0	24,601
WRIGHT MED GROUP N V	COM	N96617118	10,146	421,731	SH		SOLE		421,731	0	36,218