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
hours per response:		23.8

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	001282102	1,265	275,030	SH		SOLE		275,030	0	0
AMC ENTMT HLDGS INC	CL A CO	00165C104	8,093	549,693	SH		SOLE		549,693	0	883
ACADIA HEALTHCARE COMPANY IN	COM	00404A109	18,061	384,397	SH		SOLE		384,397	0	3,847
ACCESS NATL CORP	COM	004337101	4,118	143,677	SH		SOLE		143,677	0	0
AEROJET ROCKETDYNE HLDGS INC	COM	007800105	10,499	299,398	SH		SOLE		299,398	0	495
AFFILIATED MANAGERS GROUP	COM	008252108	5,340	27,375	SH		SOLE		27,375	0	864
AIR TRANSPORT SERVICES GRP I	COM	00922R105	2,868	117,821	SH		SOLE		117,821	0	0
AMTRUST FINL SVCS INC	NOTE	032359AG6	515	700,000	PRN		SOLE		700,000	0	0
ANDERSONS INC	COM	034164103	5,114	149,320	SH		SOLE		149,320	0	0
ANTHEM INC	NOTE	036752202	790	15,100	PRN		SOLE		15,100	0	0
AQUA AMERICA INC	COM	03836W103	2,196	63,512	SH		SOLE		63,512	0	2,641
ARCH COAL INC	COM	039380407	1,218	16,292	SH		SOLE		16,292	0	680
ATKORE INTL GROUP INC	COM	047649108	10,526	538,631	SH		SOLE		538,631	0	881
ATLANTIC CAP BANCSHARES INC	COM	048269203	3,343	184,211	SH		SOLE		184,211	0	0
BOK FINL CORP	COM NEW	05561Q201	3,472	37,449	SH		SOLE		37,449	0	1,529
BMC STK HLDGS INC	COM	05591B109	1,575	73,760	SH		SOLE		73,760	0	0
BANC CALIF INC	COM	05990K106	13,814	664,633	SH		SOLE		664,633	0	1,080
BAXTER INTL INC	COM	071813109	2,020	31,133	SH		SOLE		31,133	0	505
BAZAARVOICE INC	COM	073271108	3,890	785,939	SH		SOLE		785,939	0	0
BEACON ROOFING SUPPLY INC	COM	073685109	13,636	265,630	SH		SOLE		265,630	0	438
BERRY PLASTICS GROUP INC	COM	08579W103	2,646	44,852	SH		SOLE		44,852	0	1,856
BIOVERATIV INC	COM	09075E100	2,445	41,143	SH		SOLE		41,143	0	1,702
BLACKHAWK NETWORK HLDGS INC	CL A	09238E104	11,412	258,160	SH		SOLE		258,160	0	2,385
BLACKHAWK NETWORK HLDGS INC	NOTE	09238EAB0	659	590,000	PRN		SOLE		590,000	0	0
BOISE CASCADE CO DEL	COM	09739D100	319	9,140	SH		SOLE		9,140	0	0
BONANZA CREEK ENERGY INC	COM	097793400	476	14,421	SH		SOLE		14,421	0	0
BOYD GAMING CORP	COM	103304101	1,920	70,696	SH		SOLE		70,696	0	2,999
BRUNSWICK CORP	COM	117043109	3,383	60,338	SH		SOLE		60,338	0	1,792
BURLINGTON STORES INC	COM	122017106	4,814	49,064	SH		SOLE		49,064	0	1,562
BYLINE BANCORP INC	COM	124411109	1,296	60,975	SH		SOLE		60,975	0	0
CPI AEROSTRUCTURES INC	COM NEW	125919308	3,090	330,491	SH		SOLE		330,491	0	0
C&J ENERGY SVCS INC NEW	COM	12674R100	304	10,147	SH		SOLE		10,147	0	0
CABOT OIL & GAS CORP	COM	127097103	4,614	166,185	SH		SOLE		166,185	0	4,902
CAESARS ENTMT CORP	COM	127686103	760	57,193	SH		SOLE		57,193	0	1,493
CALATLANTIC GROUP INC	COM	128195104	1,076	29,362	SH		SOLE		29,362	0	0
CALERES INC	COM	129500104	5,420	177,588	SH		SOLE		177,588	0	0
CALLON PETE CO DEL	COM	13123X102	2,952	253,626	SH		SOLE		253,626	0	9,048
CAMBREX CORP	COM	132011107	16,371	295,547	SH		SOLE		295,547	0	2,111
CAPSTAR FINL HLDGS INC	COM	14070T102	4,478	228,719	SH		SOLE		228,719	0	0
CARBONITE INC	COM	141337105	10,422	472,947	SH		SOLE		472,947	0	771
CAROLINA FINL CORP NEW	COM	143873107	1,271	35,411	SH		SOLE		35,411	0	0
CAVIUM INC	COM	14964U108	15,121	226,682	SH		SOLE		226,682	0	2,012
CELADON GROUP INC	COM	150838100	5,604	830,203	SH		SOLE		830,203	0	0
CEMEX SAB DE CV	NOTE	151290BC6	690	605,000	PRN		SOLE		605,000	0	0
CHEGG INC	COM	163092109	11,630	782,410	SH		SOLE		782,410	0	1,288
CHEMICAL FINL CORP	COM	163731102	17,377	329,658	SH		SOLE		329,658	0	2,860
CHUYS HLDGS INC	COM	171604101	4,916	233,543	SH		SOLE		233,543	0	0
CINEMARK HOLDINGS INC	COM	17243V102	1,656	44,865	SH		SOLE		44,865	0	770
CIVISTA BANCSHARES INC	COM	178867107	2,121	94,947	SH		SOLE		94,947	0	0
CLEVELAND CLIFFS INC	COM	185899101	9,496	1,337,648	SH		SOLE		1,337,648	0	14,199
COBIZ FINANCIAL INC	COM	190897108	6,462	329,027	SH		SOLE		329,027	0	0
COLUMBUS MCKINNON CORP N Y	COM	199333105	2,259	59,648	SH		SOLE		59,648	0	0
COMMERCE UN BANCSHARES INC	COM	200828101	1,724	74,372	SH		SOLE		74,372	0	0
COMMSCOPE HLDG CO INC	COM	20337X109	2,185	63,150	SH		SOLE		63,150	0	2,655
COMMUNITY BANKERS TR CORP	COM	203612106	1,988	216,063	SH		SOLE		216,063	0	0
COMSTOCK RES INC	COM	205768302	186	30,555	SH		SOLE		30,555	0	0
COMSTOCK RES INC	NOTE	205768AM6	3,314	4,142,261	PRN		SOLE		4,142,261	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	8,556	295,249	SH		SOLE		295,249	0	0
CRYOLIFE INC	COM	228903100	1,705	75,120	SH		SOLE		75,120	0	0
DXP ENTERPRISES INC NEW	COM NEW	233377407	13,850	439,386	SH		SOLE		439,386	0	445
DASEKE INC	COM	23753F107	763	58,481	SH		SOLE		58,481	0	0
DEL FRISCOS RESTAURANT GROUP	COM	245077102	3,999	274,843	SH		SOLE		274,843	0	0
DIXIE GROUP INC	CL A	255519100	1,710	427,598	SH		SOLE		427,598	0	0
DYCOM INDS INC	NOTE	267475AB7	568	500,000	PRN		SOLE		500,000	0	0
DYNEGY INC NEW DEL	COM	26817R108	22,468	2,292,491	SH		SOLE		2,292,491	0	2,465
EAGLE BANCORP MONT INC	COM	26942G100	545	29,643	SH		SOLE		29,643	0	0
ECHO GLOBAL LOGISTICS INC	COM	27875T101	3,867	205,140	SH		SOLE		205,140	0	0
ECLIPSE RES CORP	COM	27890G100	2,719	1,087,767	SH		SOLE		1,087,767	0	0
8X8 INC NEW	COM	282914100	2,302	163,797	SH		SOLE		163,797	0	6,745
EQUITY BANCSHARES INC	COM	29460X109	1,116	31,367	SH		SOLE		31,367	0	0
EVANS BANCORP INC	COM NEW	29911Q208	2,946	68,206	SH		SOLE		68,206	0	0
EXPRESS INC	COM	30219E103	4,303	636,489	SH		SOLE		636,489	0	0
FB FINL CORP	COM	30257X104	2,833	75,096	SH		SOLE		75,096	0	0
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	5,289	1,104,582	SH		SOLE		1,104,582	0	1,954
FIDELITY NATIONAL FINANCIAL	FNF GRO	31620R303	3,200	64,776	SH		SOLE		64,776	0	2,640
FIDELITY NATIONAL FINANCIAL	NOTE	31620RAE5	485	180,000	PRN		SOLE		180,000	0	0
FIREEYE INC	NOTE	31816QAD3	443	478,000	PRN		SOLE		478,000	0	0
FIRST BANCORP N C	COM	318910106	1,164	33,830	SH		SOLE		33,830	0	0
FIRST INTERNET BANCORP	COM	320557101	3,624	112,188	SH		SOLE		112,188	0	0
Five Below Inc	com	33829M101	11,598	210,976	SH		SOLE		210,976	0	352
FLOOR & DECOR HLDGS INC	COM	339750101	2,774	68,367	SH		SOLE		68,367	0	2,877
FULLER H B CO	COM	359694106	967	16,565	SH		SOLE		16,565	0	435
GEO GROUP INC NEW	COM	36162J106	2,725	97,302	SH		SOLE		97,302	0	3,989
G-III APPAREL GROUP LTD	COM	36237H101	15,110	523,434	SH		SOLE		523,434	0	1,274
GAMING & LEISURE PPTYS INC	COM	36467J108	1,795	48,153	SH		SOLE		48,153	0	798
GASTAR EXPL INC NEW	COM	36729W202	206	234,692	SH		SOLE		234,692	0	0
GENESEE & WYO INC	COM	371559105	1,609	20,856	SH		SOLE		20,856	0	881
GENMARK DIAGNOSTICS INC	COM	372309104	3,347	347,565	SH		SOLE		347,565	0	0
GENTHERM INC	COM	37253A103	278	7,480	SH		SOLE		7,480	0	0
GLATFELTER	COM	377316104	4,909	252,398	SH		SOLE		252,398	0	0
GLOBAL BRASS & COPPR HLDGS I	COM	37953G103	1,406	41,607	SH		SOLE		41,607	0	0
GODADDY INC	COM	380237107	5,674	124,279	SH		SOLE		124,279	0	3,990
GOGO INC	COM	38046C109	11,426	966,152	SH		SOLE		966,152	0	1,320
GOGO INC	NOTE	38046CAB5	4,886	5,344,000	PRN		SOLE		5,344,000	0	0
GOODRICH PETE CORP	COM	382410843	879	90,534	SH		SOLE		90,534	0	0
GRAY TELEVISION INC	COM	389375106	22,531	1,425,508	SH		SOLE		1,425,508	0	9,574
GUARANTY BANCORP DEL	COM NEW	40075T607	4,930	177,351	SH		SOLE		177,351	0	0
GUARANTY BANCSHARES INC TEX	COM	400764106	1,140	35,636	SH		SOLE		35,636	0	0
HD SUPPLY HLDGS INC	COM	40416M105	2,276	60,564	SH		SOLE		60,564	0	2,545
HABIT RESTAURANTS INC	COM	40449J103	4,268	327,015	SH		SOLE		327,015	0	0
HARSCO CORP	COM	415864107	11,568	552,586	SH		SOLE		552,586	0	892
HAWAIIAN TELCOM HOLDCO INC	COM	420031106	1,093	36,658	SH		SOLE		36,658	0	0
HERITAGE COMMERCE CORP	COM	426927109	3,589	252,210	SH		SOLE		252,210	0	0
HERBALIFE LTD	NOTE	42703MAB9	455	455,000	PRN		SOLE		455,000	0	0
HERITAGE FINL CORP WASH	COM	42722X106	7,261	246,137	SH		SOLE		246,137	0	0
HI-CRUSH PARTNERS LP	COM UNI	428337109	159	16,771	SH		SOLE		16,771	0	0
HOLOGIC INC	COM	436440101	2,304	60,584	SH		SOLE		60,584	0	982
HORTONWORKS INC	COM	440894103	9,802	577,341	SH		SOLE		577,341	0	970
ICU MED INC	COM	44930G107	8,712	46,796	SH		SOLE		46,796	0	78
ITT INC	COM	45073V108	11,430	257,776	SH		SOLE		257,776	0	411
IMPAX LABORATORIES INC	COM	45256B101	383	18,888	SH		SOLE		18,888	0	0
INDEPENDENCE CONTRACT DRIL I	COM	453415309	156	41,050	SH		SOLE		41,050	0	0
INSTRUCTURE INC	COM	45781U103	8,365	251,919	SH		SOLE		251,919	0	420
INTEGRATED DEVICE TECHNOLOGY	NOTE	458118AC0	123	115,000	PRN		SOLE		115,000	0	0
INTEL CORP	SDCV	458140AD2	178	125,000	SH		SOLE		125,000	0	0
INTERFACE INC	COM	458665304	1,261	57,588	SH		SOLE		57,588	0	0
INVESTAR HLDG CORP	COM	46134L105	1,602	66,464	SH		SOLE		66,464	0	0
INVESTMENT TECHNOLOGY GRP NE	COM	46145F105	2,896	130,805	SH		SOLE		130,805	0	0
INVITATION HOMES INC	COM	46187W107	2,459	104,177	SH		SOLE		104,177	0	4,377
IRONWOOD PHARMACEUTICALS INC	COM CL	46333X108	14,061	883,217	SH		SOLE		883,217	0	8,382
IRONWOOD PHARMACEUTICALS INC	NOTE	46333XAD0	440	370,000	PRN		SOLE		370,000	0	0
ISHARES TR	COM	464287655	1,274	8,559	SH		SOLE		8,559	0	41
JACK IN THE BOX INC	COM	466367109	2,045	19,407	SH		SOLE		19,407	0	655
JELD-WEN HLDG INC	COM	47580P103	11,988	334,800	SH		SOLE		334,800	0	1,357
JONES ENERGY INC	COM CL	48019R108	90	47,000	SH		SOLE		47,000	0	0
KAR AUCTION SVCS INC	COM	48238T109	2,329	46,827	SH		SOLE		46,827	0	1,950
KMG CHEMICALS INC	COM	482564101	1,434	26,132	SH		SOLE		26,132	0	0
K2M GROUP HLDGS INC	COM	48273J107	3,263	153,825	SH		SOLE		153,825	0	0
KEANE GROUP INC	COM	48669A108	17,191	1,024,111	SH		SOLE		1,024,111	0	6,526
KIRKLANDS INC	COM	497498105	4,196	367,097	SH		SOLE		367,097	0	0
LINDBLAD EXPEDITIONS HLDGS I	COM	535219109	2,993	279,709	SH		SOLE		279,709	0	0
LIONS GATE ENTMNT CORP	COM	535919500	1,250	39,329	SH		SOLE		39,329	0	0
LIVE NATION INC	COM	538034109	3,344	73,712	SH		SOLE		73,712	0	3,084
LIVE NATION ENTERTAINMENT IN	NOTE	538034AJ8	924	700,000	PRN		SOLE		700,000	0	0
MDC PARTNERS INC	CL A SU	552697104	15,077	1,368,827	SH		SOLE		1,368,827	0	1,837
MGM MIRAGE	COM	552953101	862	26,475	SH		SOLE		26,475	0	0
MGM GROWTH PPTYS LLC	COM	55303A105	3,511	111,575	SH		SOLE		111,575	0	4,653
MARRIOTT VACATIONS WRLDWDE	NOTE	57164YAA5	261	250,000	PRN		SOLE		250,000	0	0
MARTEN TRANS LTD	COM	573075108	5,470	266,197	SH		SOLE		266,197	0	0
MASCO CORP	COM	574599106	2,087	52,067	SH		SOLE		52,067	0	778
MATCH GROUP INC	COM	57665R106	1,805	77,818	SH		SOLE		77,818	0	0
MATTERSIGHT CORP	COM	577097108	3,145	1,123,154	SH		SOLE		1,123,154	0	0
MEDIDATA SOLUTIONS INC	NOTE	58471AAB1	220	160,000	PRN		SOLE		160,000	0	0
MERCER INTL INC	COM	588056101	3,470	292,848	SH		SOLE		292,848	0	0
MERCURY COMPUTER SYS	COM	589378108	4,332	80,161	SH		SOLE		80,161	0	3,332
MICRON TECHNOLOGY INC	NOTE	595112AY9	940	680,000	PRN		SOLE		680,000	0	0
MILACRON HLDGS CORP	COM	59870L106	9,453	559,759	SH		SOLE		559,759	0	930
MINDBODY INC	COM	60255W105	12,120	468,112	SH		SOLE		468,112	0	766
MODEL N INC	COM	607525102	8,873	592,788	SH		SOLE		592,788	0	736
MODINE MFG CO	COM	607828100	6,400	332,456	SH		SOLE		332,456	0	0
NANOSTRING TECHNOLOGIES INC	COM	63009R109	3,650	225,846	SH		SOLE		225,846	0	0
NAVISTAR INTL CORP NEW	NOTE	63934EAS7	1,628	1,485,000	PRN		SOLE		1,485,000	0	0
NEOGENOMICS INC	COM NEW	64049M209	4,532	407,159	SH		SOLE		407,159	0	0
NETLIST INC	COM	64118P109	729	992,428	SH		SOLE		992,428	0	0
NEXSTAR BROADCASTING GROUP I	CL A	65336K103	20,921	332,273	SH		SOLE		332,273	0	2,997
NICE SYS LTD	SPONSOR	653656108	13,645	166,253	SH		SOLE		166,253	0	1,558
NVIDIA CORP	NOTE	67066GAC8	942	106,000	PRN		SOLE		106,000	0	0
NUVASIVE INC	COM	670704105	10,277	183,996	SH		SOLE		183,996	0	1,316
NUVASIVE INC	NOTE	670704AG0	614	540,000	PRN		SOLE		540,000	0	0
OASIS PETE INC NEW	COM	674215108	13,190	1,437,380	SH		SOLE		1,437,380	0	8,866
OASIS PETE INC NEW	NOTE	674215AJ7	299	275,000	PRN		SOLE		275,000	0	0
OLD LINE BANCSHARES INC	COM	67984M100	2,526	90,225	SH		SOLE		90,225	0	0
ON SEMICONDUCTOR CORP	NOTE	682189AK1	662	555,000	PRN		SOLE		555,000	0	0
OSHKOSH CORP	COM	688239201	6,398	73,494	SH		SOLE		73,494	0	2,436
OWENS CORNING NEW	COM	690742101	1,690	20,655	SH		SOLE		20,655	0	316
OXFORD INDS INC	COM	691497309	1,014	15,959	SH		SOLE		15,959	0	0
PDC ENERGY INC	NOTE	69327RAD3	794	815,000	PRN		SOLE		815,000	0	0
PJT PARTNERS INC	COM	69343T107	7,590	197,801	SH		SOLE		197,801	0	327
PACIRA PHARMACEUTICALS INC	COM	695127100	10,398	274,842	SH		SOLE		274,842	0	2,059
PACWEST BANCORP DEL	COM	695263103	5,143	99,966	SH		SOLE		99,966	0	3,056
PANDORA MEDIA INC	NOTE	698354AB3	406	435,000	PRN		SOLE		435,000	0	0
PATTERSON UTI ENERGY INC	COM	703481101	1,268	62,044	SH		SOLE		62,044	0	1,297
PENN NATL GAMING INC	COM	707569109	10,542	449,943	SH		SOLE		449,943	0	745
PETIQ INC	COM	71639T106	1,609	59,426	SH		SOLE		59,426	0	0
PETROQUEST ENERGY INC	COM	716748306	87	38,070	SH		SOLE		38,070	0	0
PIER 1 IMPORTS INC	COM	720279108	3,704	883,996	SH		SOLE		883,996	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	2,427	34,776	SH		SOLE		34,776	0	1,477
PINNACLE ENTMT INC	COM	72348Y105	14,941	699,983	SH		SOLE		699,983	0	1,143
PLANET FITNESS INC	COM	72703H101	12,544	464,160	SH		SOLE		464,160	0	776
PRICELINE GRP INC	NOTE	741503AS5	599	415,000	PRN		SOLE		415,000	0	0
PZENA INVESTMENT MGMT INC	CLASS A	74731Q103	1,489	136,706	SH		SOLE		136,706	0	0
Q2 HLDGS INC	COM	74736L109	11,509	275,869	SH		SOLE		275,869	0	446
QUANTA SVCS INC	COM	74762E102	2,290	59,923	SH		SOLE		59,923	0	975
RAMBUS INC DEL	NOTE	750917AE6	569	484,000	PRN		SOLE		484,000	0	0
RED ROCK RESORTS INC	COM	75700L108	16,734	716,448	SH		SOLE		716,448	0	6,097
RESOLUTE ENERGY CORP	COM	76116A306	3,237	109,020	SH		SOLE		109,020	0	0
REVOLUTION LIGHTING TECHNOLO	COM	76155G206	3,007	462,625	SH		SOLE		462,625	0	0
RICE ENERGY INC	COM	762760106	7,420	255,908	SH		SOLE		255,908	0	482
RING ENERGY INC	COM	76680V108	145	10,021	SH		SOLE		10,021	0	0
ROKU INC	COM	77543R102	2,513	100,459	SH		SOLE		100,459	0	3,953
RYLAND GROUP INC	NOTE	783764AQ6	569	473,000	PRN		SOLE		473,000	0	0
SLM CORP	COM	78442P106	5,564	477,911	SH		SOLE		477,911	0	15,616
SPX FLOW INC	COM	78469X107	13,620	352,647	SH		SOLE		352,647	0	574
SVB FINL GROUP	COM	78486Q101	2,452	11,752	SH		SOLE		11,752	0	172
SANCHEZ ENERGY CORP	COM	79970Y105	3,417	707,783	SH		SOLE		707,783	0	1,039
SANCHEZ PRODTN PARTNERS	COM	79971C201	696	61,873	SH		SOLE		61,873	0	0
SCIENTIFIC GAMES CORP	CL A	80874P109	14,905	324,498	SH		SOLE		324,498	0	577
SCRIPPS E W CO OHIO	CL A NE	811054402	11,233	590,578	SH		SOLE		590,578	0	2,274
SEAWORLD ENTMT INC	COM	81282V100	14,151	1,089,225	SH		SOLE		1,089,225	0	8,405
SEMTECH CORP	COM	816850101	11,299	300,411	SH		SOLE		300,411	0	491
SHORE BANCSHARES INC	COM	825107105	1,874	112,529	SH		SOLE		112,529	0	0
SILICON LABORATORIES INC	COM	826919102	2,493	29,950	SH		SOLE		29,950	0	1,251
SINCLAIR BROADCAST GROUP INC	CL A	829226109	18,448	574,123	SH		SOLE		574,123	0	1,949
SMARTFINANCIAL INC	COM	83190L208	988	41,084	SH		SOLE		41,084	0	0
SOUTHERN FIRST BANCSHARES IN	COM	842873101	416	11,455	SH		SOLE		11,455	0	0
SOUTHERN NATL BANCORP OF VA	COM	843395104	4,123	242,650	SH		SOLE		242,650	0	0
STANLEY BLACK & DECKER INC	NOTE	854502887	650	5,700	PRN		SOLE		5,700	0	0
STATE BK FINL CORP	COM	856190103	4,984	173,953	SH		SOLE		173,953	0	0
STERLING BANCORP DEL	COM	85917A100	13,160	529,267	SH		SOLE		529,267	0	4,611
STUDENT TRANSN INC	COM	86388A108	1,672	279,527	SH		SOLE		279,527	0	0
SUMMIT MATLS INC	COM	86614U100	19,267	596,123	SH		SOLE		596,123	0	6,104
SUN HYDRAULICS CORP	COM	866942105	578	10,704	SH		SOLE		10,704	0	0
SUNSHINE BANCORP INC	COM	86777J108	2,224	95,706	SH		SOLE		95,706	0	0
SUPERIOR DRILLING PRODS INC	COM	868153107	61	76,270	SH		SOLE		76,270	0	0
SUPERIOR ENERGY SVCS INC	COM	868157108	8,641	807,826	SH		SOLE		807,826	0	1,238
T MOBILE US INC	CONV PF	872590203	733	7,350	SH		SOLE		7,350	0	0
TERADYNE INC	COM	880770102	2,583	66,573	SH		SOLE		66,573	0	2,696
TETRA TECHNOLOGIES INC DEL	COM	88162F105	2,328	814,087	SH		SOLE		814,087	0	0
TEXAS CAPITAL BANCSHARES INC	COM	88224Q107	20,013	232,871	SH		SOLE		232,871	0	378
TOPBUILD CORP	COM	89055F103	18,182	276,166	SH		SOLE		276,166	0	2,823
TRANSUNION	COM	89400J107	4,349	88,388	SH		SOLE		88,388	0	3,610
TUTOR PERINI CORP	COM	901109108	4,833	169,881	SH		SOLE		169,881	0	279
TYLER TECHNOLOGIES INC	COM	902252105	15,101	85,578	SH		SOLE		85,578	0	913
U S CONCRETE INC	COM NEW	90333L201	1,142	14,973	SH		SOLE		14,973	0	0
U S SILICA HLDGS INC	COM	90346E103	11,983	382,826	SH		SOLE		382,826	0	3,430
UNITED RENTALS INC	COM	911363109	5,505	38,250	SH		SOLE		38,250	0	1,273
URBAN ONE INC	COM	91705J204	38	22,850	SH		SOLE		22,850	0	0
VAIL RESORTS INC	COM	91879Q109	2,311	9,750	SH		SOLE		9,750	0	380
VALVOLINE INC	COM	92047W101	2,368	96,913	SH		SOLE		96,913	0	4,061
VEECO INSTRS INC DEL	NOTE	922417AD2	574	600,000	PRN		SOLE		600,000	0	0
VERISIGN INC	NOTE	92343EAD4	628	202,000	PRN		SOLE		202,000	0	0
VERISIGN INC	SDCV	92343EAD4	628	202,000	SH		SOLE		202,000	0	0
VERSUM MATLS INC	COM	92532W103	9,326	239,858	SH		SOLE		239,858	0	386
VISTRA ENERGY CORP	COM	92840M102	1,260	63,153	SH		SOLE		63,153	0	1,659
VOYA FINL INC	COM	929089100	5,121	124,130	SH		SOLE		124,130	0	4,042
WSFS FINL CORP	COM	929328102	13,389	274,170	SH		SOLE		274,170	0	473
WASHINGTONFIRST BANKSHARES I	COM	940730104	3,447	96,845	SH		SOLE		96,845	0	0
WEBSTER FINL CORP CONN	COM	947890109	19,628	370,830	SH		SOLE		370,830	0	2,685
WELLCARE HEALTH PLANS INC	COM	94946T106	12,328	70,965	SH		SOLE		70,965	0	820
WESCO INTL INC	COM	95082P105	2,391	39,384	SH		SOLE		39,384	0	1,667
WESTERN ALLIANCE BANCORP	COM	957638109	18,609	347,455	SH		SOLE		347,455	0	3,121
WESTERN DIGITAL CORP	COM	958102105	708	8,192	SH		SOLE		8,192	0	0
WPX ENERGY INC	COM	98212B103	14,086	1,222,346	SH		SOLE		1,222,346	0	4,460
WRIGHT MED GROUP INC	NOTE	98235TAE7	688	637,000	PRN		SOLE		637,000	0	0
WYNN RESORTS LTD	COM	983134107	1,953	12,986	SH		SOLE		12,986	0	208
XPO LOGISTICS INC	COM	983793100	3,805	53,878	SH		SOLE		53,878	0	2,255
XPERI CORP	COM	98421B100	8,601	336,715	SH		SOLE		336,715	0	3,257
YRC WORLDWIDE INC	COM PAR	984249607	5,026	364,185	SH		SOLE		364,185	0	0
ZAGG INCORPORATED	COM	98884U108	5,565	353,321	SH		SOLE		353,321	0	0
ZIONS BANCORPORATION	COM	989701107	2,004	42,204	SH		SOLE		42,204	0	682
ALLERGAN PLC	PFD CON	G0177J116	751	1,025	SH		SOLE		1,025	0	0
AQUAVENTURE HLDGS LTD	COM	G0443N107	2,011	148,929	SH		SOLE		148,929	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	4,533	44,441	SH		SOLE		44,441	0	1,460
BELMOND LTD	COM	G1154H107	6,000	438,863	SH		SOLE		438,863	0	726
MIMECAST LTD	COM	G14838109	7,757	272,500	SH		SOLE		272,500	0	455
FERROGLOBE PLC	COM	G33856108	11,733	890,069	SH		SOLE		890,069	0	1,459
INTERNATIONAL GAME TECHNOLOG	SHS	G4863A108	1,100	45,634	SH		SOLE		45,634	0	1,195
WEATHERFORD INTL PLC	COM	G48833100	106	23,111	SH		SOLE		23,111	0	0
LIVANOVA PLC	COM	G5509L101	5,829	83,466	SH		SOLE		83,466	0	131
NABORS INDUSTRIES LTD	SHS	G6359F103	97	11,965	SH		SOLE		11,965	0	0
NOBLE CORP PLC	SHS USD	G65431101	6,750	1,465,050	SH		SOLE		1,465,050	0	2,402
OXFORD IMMUNOTEC GLOBAL PLC	ORD SHS	G6855A103	2,665	158,603	SH		SOLE		158,603	0	0
VENATOR MATLS PLC	COM	G9329Z100	10,695	472,439	SH		SOLE		472,439	0	773
TRANSOCEAN LTD	REG SHS	H8817H100	2,214	205,564	SH		SOLE		205,564	0	2,981
CYREN LTD	SHS	M26895108	2,058	1,143,480	SH		SOLE		1,143,480	0	0
INTERXION HOLDING N.V	SHS	N47279109	13,266	260,050	SH		SOLE		260,050	0	435
WRIGHT MED GROUP N V	COM	N96617118	13,628	522,350	SH		SOLE		522,350	0	4,421
ARDMORE SHIPPING CORP	COM	Y0207T100	3,114	377,449	SH		SOLE		377,449	0	0