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	1,879	391,473	SH		SOLE		391,473	0	0
AMC ENTMT HLDGS INC	CL A CO	00165C104	14,343	948,520	SH		SOLE		948,520	0	1,375
ACADIA HEALTHCARE COMPANY IN	COM	00404A109	11,594	352,389	SH		SOLE		352,389	0	2,927
ACCESS NATL CORP	COM	004337101	4,265	153,184	SH		SOLE		153,184	0	0
AEROJET ROCKETDYNE HLDGS INC	COM	007800105	12,626	404,093	SH		SOLE		404,093	0	593
AEROJET ROCKETDYNE HLDGS INC	NOTE	007800AB1	482	350,000	PRN		SOLE		350,000	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	5,381	25,386	SH		SOLE		25,386	0	829
AIR TRANSPORT SERVICES GRP I	COM	00922R105	3,393	146,621	SH		SOLE		146,621	0	0
ANDERSONS INC	COM	034164103	5,040	161,783	SH		SOLE		161,783	0	0
ANTHEM INC	NOTE	036752202	812	14,500	PRN		SOLE		14,500	0	0
AQUA AMERICA INC	COM	03836W103	3,478	85,155	SH		SOLE		85,155	0	3,514
ARCH COAL INC	COM	039380407	2,124	21,902	SH		SOLE		21,902	0	893
ASTEC INDS INC	COM	046224101	13,684	233,581	SH		SOLE		233,581	0	335
ATLANTIC CAP BANCSHARES INC	COM	048269203	3,197	181,648	SH		SOLE		181,648	0	0
BOK FINL CORP	COM NEW	05561Q201	3,442	35,836	SH		SOLE		35,836	0	1,449
BMC STK HLDGS INC	COM	05591B109	2,227	88,018	SH		SOLE		88,018	0	0
BANDWIDTH INC	COM	05988J103	1,830	79,149	SH		SOLE		79,149	0	0
BANC CALIF INC	COM	05990K106	15,339	741,864	SH		SOLE		741,864	0	945
BAXTER INTL INC	COM	071813109	1,963	29,860	SH		SOLE		29,860	0	510
BAZAARVOICE INC	COM	073271108	4,242	778,369	SH		SOLE		778,369	0	0
BEACON ROOFING SUPPLY INC	COM	073685109	10,787	168,942	SH		SOLE		168,942	0	240
BERRY PLASTICS GROUP INC	COM	08579W103	3,001	49,122	SH		SOLE		49,122	0	2,033
BIOVERATIV INC	COM	09075E100	2,224	39,685	SH		SOLE		39,685	0	1,562
BLACK KNIGHT INC	COM	09215C105	2,733	59,453	SH		SOLE		59,453	0	2,454
BLACKHAWK NETWORK HLDGS INC	CL A	09238E104	10,826	301,062	SH		SOLE		301,062	0	2,614
BLACKHAWK NETWORK HLDGS INC	NOTE	09238EAB0	600	590,000	PRN		SOLE		590,000	0	0
BONANZA CREEK ENERGY INC	COM	097793400	247	8,935	SH		SOLE		8,935	0	0
BOYD GAMING CORP	COM	103304101	2,894	79,307	SH		SOLE		79,307	0	3,275
BURLINGTON STORES INC	COM	122017106	6,025	47,459	SH		SOLE		47,459	0	1,509
CPI AEROSTRUCTURES INC	COM NEW	125919308	2,929	327,308	SH		SOLE		327,308	0	0
C&J ENERGY SVCS INC NEW	COM	12674R100	9,748	290,832	SH		SOLE		290,832	0	409
CABOT OIL & GAS CORP	COM	127097103	4,180	142,043	SH		SOLE		142,043	0	4,127
CAESARS ENTMT CORP	COM	127686103	1,740	135,220	SH		SOLE		135,220	0	2,353
CAESARS ENTMT CORP	NOTE	127686AA1	358	185,000	PRN		SOLE		185,000	0	0
CALATLANTIC GROUP INC	COM	128195104	584	10,349	SH		SOLE		10,349	0	0
CALERES INC	COM	129500104	5,747	171,642	SH		SOLE		171,642	0	0
CALLON PETE CO DEL	COM	13123X102	2,710	215,704	SH		SOLE		215,704	0	7,371
CAMBREX CORP	COM	132011107	12,745	263,227	SH		SOLE		263,227	0	2,286
CAPSTAR FINL HLDGS INC	COM	14070T102	4,705	226,514	SH		SOLE		226,514	0	0
CARBONITE INC	COM	141337105	11,764	468,021	SH		SOLE		468,021	0	678
CAROLINA FINL CORP NEW	COM	143873107	2,837	76,365	SH		SOLE		76,365	0	0
CAVIUM INC	COM	14964U108	2,318	26,567	SH		SOLE		26,567	0	1,082
CELADON GROUP INC	COM	150838100	4,484	700,565	SH		SOLE		700,565	0	0
CEMEX SAB DE CV	NOTE	151290BC6	613	605,000	PRN		SOLE		605,000	0	0
CENTURY CASINOS INC	COM	156492100	1,713	187,582	SH		SOLE		187,582	0	0
CHEGG INC	COM	163092109	13,880	849,226	SH		SOLE		849,226	0	1,242
CHEMICAL FINL CORP	COM	163731102	17,519	324,961	SH		SOLE		324,961	0	2,688
CHUYS HLDGS INC	COM	171604101	6,488	231,291	SH		SOLE		231,291	0	0
CINEMARK HOLDINGS INC	COM	17243V102	1,565	44,157	SH		SOLE		44,157	0	782
CIVISTA BANCSHARES INC	COM	178867107	2,496	113,448	SH		SOLE		113,448	0	0
COBIZ FINANCIAL INC	COM	190897108	5,843	292,289	SH		SOLE		292,289	0	0
COLUMBUS MCKINNON CORP N Y	COM	199333105	2,399	59,999	SH		SOLE		59,999	0	0
COMMERCE UN BANCSHARES INC	COM	200828101	1,835	71,576	SH		SOLE		71,576	0	0
COMMSCOPE HLDG CO INC	COM	20337X109	4,637	118,709	SH		SOLE		118,709	0	3,875
COMMUNITY BANKERS TR CORP	COM	203612106	3,666	449,836	SH		SOLE		449,836	0	0
COMSTOCK RES INC	COM	205768302	128	15,091	SH		SOLE		15,091	0	0
COMSTOCK RES INC	NOTE	205768AM6	4,071	4,449,023	PRN		SOLE		4,449,023	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	6,856	238,622	SH		SOLE		238,622	0	0
CRYOLIFE INC	COM	228903100	2,003	104,592	SH		SOLE		104,592	0	0
CYPRESS SEMICONDUCTOR CORP	NOTE	232806AM1	131	100,000	PRN		SOLE		100,000	0	0
CYRUSONE INC COM	COM	23283R100	2,851	46,138	SH		SOLE		46,138	0	1,762
DXP ENTERPRISES INC NEW	COM NEW	233377407	13,426	453,654	SH		SOLE		453,654	0	394
DEL FRISCOS RESTAURANT GROUP	COM	245077102	4,354	285,537	SH		SOLE		285,537	0	0
DIXIE GROUP INC	CL A	255519100	1,630	423,484	SH		SOLE		423,484	0	0
DYCOM INDS INC	NOTE	267475AB7	652	500,000	PRN		SOLE		500,000	0	0
DYNEGY INC NEW DEL	COM	26817R108	22,987	1,938,030	SH		SOLE		1,938,030	0	1,761
EAGLE BANCORP MONT INC	COM	26942G100	1,460	69,686	SH		SOLE		69,686	0	0
ECHO GLOBAL LOGISTICS INC	COM	27875T101	5,203	185,833	SH		SOLE		185,833	0	0
ECLIPSE RES CORP	COM	27890G100	2,946	1,227,618	SH		SOLE		1,227,618	0	0
ENSCO JERSEY FIN LTD	NOTE	29359WAB1	1,988	2,240,000	PRN		SOLE		2,240,000	0	0
ENTEGRA FINL CORP	COM	29363J108	743	25,415	SH		SOLE		25,415	0	0
EQUITY BANCSHARES INC	COM	29460X109	3,018	85,233	SH		SOLE		85,233	0	0
EVANS BANCORP INC	COM NEW	29911Q208	3,393	80,969	SH		SOLE		80,969	0	0
EVERI HLDGS INC	COM	30034T103	10,099	1,337,842	SH		SOLE		1,337,842	0	1,528
EXPRESS INC	COM	30219E103	4,234	417,099	SH		SOLE		417,099	0	0
FB FINL CORP	COM	30257X104	8,438	200,769	SH		SOLE		200,769	0	179
FAIRMOUNT SANTROL HLDGS INC	COM	30555Q108	6,835	1,304,854	SH		SOLE		1,304,854	0	1,954
FIDELITY NATIONAL FINANCIAL	FNF GRO	31620R303	2,953	72,254	SH		SOLE		72,254	0	2,998
FIDELITY NATIONAL FINANCIAL	NOTE	31620RAE5	550	180,000	PRN		SOLE		180,000	0	0
FIREEYE INC	NOTE	31816QAD3	437	478,000	PRN		SOLE		478,000	0	0
FIRST BANCORP N C	COM	318910106	1,493	42,286	SH		SOLE		42,286	0	0
FIRST INTERNET BANCORP	COM	320557101	4,280	112,200	SH		SOLE		112,200	0	0
Five Below Inc	com	33829M101	7,861	118,360	SH		SOLE		118,360	0	173
FLOOR & DECOR HLDGS INC	COM	339750101	4,240	83,828	SH		SOLE		83,828	0	3,270
FULLER H B CO	COM	359694106	3,713	66,731	SH		SOLE		66,731	0	2,191
GEO GROUP INC NEW	COM	36162J106	2,538	103,392	SH		SOLE		103,392	0	4,130
G-III APPAREL GROUP LTD	COM	36237H101	19,057	515,364	SH		SOLE		515,364	0	1,222
GAMING & LEISURE PPTYS INC	COM	36467J108	1,731	45,996	SH		SOLE		45,996	0	801
GENESEE & WYO INC	COM	371559105	1,969	24,017	SH		SOLE		24,017	0	998
GENMARK DIAGNOSTICS INC	COM	372309104	2,267	543,715	SH		SOLE		543,715	0	0
GIBRALTAR INDS INC	COM	374689107	294	8,895	SH		SOLE		8,895	0	0
GLATFELTER	COM	377316104	6,730	313,882	SH		SOLE		313,882	0	0
GLOBAL BRASS & COPPR HLDGS I	COM	37953G103	1,361	41,125	SH		SOLE		41,125	0	0
GODADDY INC	COM	380237107	6,155	118,629	SH		SOLE		118,629	0	3,792
GOGO INC	COM	38046C109	13,518	1,197,065	SH		SOLE		1,197,065	0	1,353
GOGO INC	NOTE	38046CAB5	5,060	5,549,000	PRN		SOLE		5,549,000	0	0
GOODRICH PETE CORP	COM	382410843	831	76,144	SH		SOLE		76,144	0	0
GRAY TELEVISION INC	COM	389375106	26,053	1,546,256	SH		SOLE		1,546,256	0	9,166
GUARANTY BANCORP DEL	COM NEW	40075T607	4,857	175,647	SH		SOLE		175,647	0	0
GUARANTY BANCSHARES INC TEX	COM	400764106	1,082	35,296	SH		SOLE		35,296	0	0
HD SUPPLY HLDGS INC	COM	40416M105	2,454	58,870	SH		SOLE		58,870	0	2,434
HABIT RESTAURANTS INC	COM	40449J103	4,048	423,911	SH		SOLE		423,911	0	0
HARSCO CORP	COM	415864107	12,707	680,377	SH		SOLE		680,377	0	966
HAWAIIAN TELCOM HOLDCO INC	COM	420031106	1,120	36,308	SH		SOLE		36,308	0	0
HERITAGE COMMERCE CORP	COM	426927109	3,827	249,780	SH		SOLE		249,780	0	0
HERBALIFE LTD	NOTE	42703MAB9	457	455,000	PRN		SOLE		455,000	0	0
HERITAGE FINL CORP WASH	COM	42722X106	7,537	244,724	SH		SOLE		244,724	0	0
HI-CRUSH PARTNERS LP	COM UNI	428337109	260	24,284	SH		SOLE		24,284	0	0
HOLOGIC INC	COM	436440101	2,519	57,928	SH		SOLE		57,928	0	993
HORTONWORKS INC	COM	440894103	11,485	570,236	SH		SOLE		570,236	0	851
ICU MED INC	COM	44930G107	10,014	46,292	SH		SOLE		46,292	0	68
ITT INC	COM	45073V108	9,653	180,603	SH		SOLE		180,603	0	268
INDEPENDENCE CONTRACT DRIL I	COM	453415309	198	49,758	SH		SOLE		49,758	0	0
INSTRUCTURE INC	COM	45781U103	8,319	250,958	SH		SOLE		250,958	0	366
INTEGRATED DEVICE TECHNOLOGY	NOTE	458118AC0	128	115,000	PRN		SOLE		115,000	0	0
INVESTAR HLDG CORP	COM	46134L105	1,803	74,795	SH		SOLE		74,795	0	0
INVESTMENT TECHNOLOGY GRP NE	COM	46145F105	3,118	161,987	SH		SOLE		161,987	0	0
INVITATION HOMES INC	COM	46187W107	3,273	133,352	SH		SOLE		133,352	0	5,517
IRONWOOD PHARMACEUTICALS INC	COM CL	46333X108	12,955	857,747	SH		SOLE		857,747	0	6,515
IRONWOOD PHARMACEUTICALS INC	NOTE	46333XAD0	428	370,000	PRN		SOLE		370,000	0	0
ISHARES TR	COM	464287655	2,363	15,471	SH		SOLE		15,471	0	26
JELD-WEN HLDG INC	COM	47580P103	13,423	339,612	SH		SOLE		339,612	0	1,322
KAR AUCTION SVCS INC	COM	48238T109	3,309	62,929	SH		SOLE		62,929	0	2,583
KMG CHEMICALS INC	COM	482564101	1,473	22,297	SH		SOLE		22,297	0	0
K2M GROUP HLDGS INC	COM	48273J107	10,470	581,033	SH		SOLE		581,033	0	620
KEANE GROUP INC	COM	48669A108	18,983	992,784	SH		SOLE		992,784	0	5,790
KIRKLANDS INC	COM	497498105	4,350	363,563	SH		SOLE		363,563	0	0
LINDBLAD EXPEDITIONS HLDGS I	COM	535219109	2,712	277,022	SH		SOLE		277,022	0	0
LIONS GATE ENTMNT CORP	COM	535919500	1,183	37,276	SH		SOLE		37,276	0	0
LIVE NATION INC	COM	538034109	3,173	71,588	SH		SOLE		71,588	0	2,943
LIVE NATION ENTERTAINMENT IN	NOTE	538034AJ8	774	600,000	PRN		SOLE		600,000	0	0
LUTHER BURBANK CORP	COM	550550107	788	65,483	SH		SOLE		65,483	0	0
MDC PARTNERS INC	CL A SU	552697104	12,489	1,279,437	SH		SOLE		1,279,437	0	1,457
MGM GROWTH PPTYS LLC	COM	55303A105	3,275	107,988	SH		SOLE		107,988	0	4,378
MARTEN TRANS LTD	COM	573075108	5,654	278,533	SH		SOLE		278,533	0	0
MASCO CORP	COM	574599106	1,814	40,605	SH		SOLE		40,605	0	682
MATCH GROUP INC	COM	57665R106	1,794	57,304	SH		SOLE		57,304	0	0
MATTERSIGHT CORP	COM	577097108	3,314	1,299,436	SH		SOLE		1,299,436	0	0
MERCER INTL INC	COM	588056101	3,134	219,151	SH		SOLE		219,151	0	0
MERCURY COMPUTER SYS	COM	589378108	3,243	60,704	SH		SOLE		60,704	0	2,442
MICRON TECHNOLOGY INC	NOTE	595112AY9	505	350,000	PRN		SOLE		350,000	0	0
MILACRON HLDGS CORP	COM	59870L106	13,299	693,809	SH		SOLE		693,809	0	1,008
MINDBODY INC	COM	60255W105	14,116	462,908	SH		SOLE		462,908	0	664
MODEL N INC	COM	607525102	9,301	589,885	SH		SOLE		589,885	0	643
MODINE MFG CO	COM	607828100	5,480	271,287	SH		SOLE		271,287	0	0
MONGODB INC	COM	60937P106	2,776	90,374	SH		SOLE		90,374	0	3,173
NANOSTRING TECHNOLOGIES INC	COM	63009R109	1,671	223,668	SH		SOLE		223,668	0	0
NAVISTAR INTL CORP NEW	NOTE	63934EAS7	1,608	1,485,000	PRN		SOLE		1,485,000	0	0
NEOGENOMICS INC	COM NEW	64049M209	3,310	373,625	SH		SOLE		373,625	0	0
NEXSTAR BROADCASTING GROUP I	CL A	65336K103	24,192	306,528	SH		SOLE		306,528	0	2,838
NICE SYS LTD	SPONSOR	653656108	15,099	162,817	SH		SOLE		162,817	0	1,459
NUVASIVE INC	COM	670704105	1,887	30,976	SH		SOLE		30,976	0	1,283
NUVASIVE INC	NOTE	670704AG0	633	540,000	PRN		SOLE		540,000	0	0
OASIS PETE INC NEW	NOTE	674215AJ7	253	235,000	PRN		SOLE		235,000	0	0
OLD LINE BANCSHARES INC	COM	67984M100	2,653	90,109	SH		SOLE		90,109	0	0
ON SEMICONDUCTOR CORP	NOTE	682189AK1	613	480,000	PRN		SOLE		480,000	0	0
ORMAT TECHNOLOGIES INC	COM	686688102	2,252	33,779	SH		SOLE		33,779	0	1,437
ORRSTOWN FINL SVCS INC	COM	687380105	771	30,526	SH		SOLE		30,526	0	0
OSHKOSH CORP	COM	688239201	5,440	57,964	SH		SOLE		57,964	0	1,892
OWENS CORNING NEW	COM	690742101	1,468	15,699	SH		SOLE		15,699	0	267
OXFORD INDS INC	COM	691497309	335	4,457	SH		SOLE		4,457	0	0
PJT PARTNERS INC	COM	69343T107	8,953	196,047	SH		SOLE		196,047	0	283
PACIRA PHARMACEUTICALS INC	COM	695127100	15,385	334,297	SH		SOLE		334,297	0	2,723
PANDORA MEDIA INC	NOTE	698354AB3	517	585,000	PRN		SOLE		585,000	0	0
PATTERSON UTI ENERGY INC	COM	703481101	1,910	81,690	SH		SOLE		81,690	0	1,310
PENN NATL GAMING INC	COM	707569109	15,006	478,277	SH		SOLE		478,277	0	677
PETIQ INC	COM	71639T106	1,531	70,123	SH		SOLE		70,123	0	0
PETROQUEST ENERGY INC	COM	716748306	75	39,545	SH		SOLE		39,545	0	0
PFSWEB INC	COM NEW	717098206	1,228	165,239	SH		SOLE		165,239	0	0
PIER 1 IMPORTS INC	COM	720279108	3,098	748,315	SH		SOLE		748,315	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	2,336	33,824	SH		SOLE		33,824	0	1,411
PINNACLE ENTMT INC	COM	72348Y105	8,983	274,057	SH		SOLE		274,057	0	394
PLANET FITNESS INC	COM	72703H101	11,039	318,304	SH		SOLE		318,304	0	463
PRICELINE GRP INC	NOTE	741503AS5	572	415,000	PRN		SOLE		415,000	0	0
Q2 HLDGS INC	COM	74736L109	10,040	272,069	SH		SOLE		272,069	0	389
QUANTA SVCS INC	COM	74762E102	1,399	35,175	SH		SOLE		35,175	0	591
RAMBUS INC DEL	NOTE	750917AE6	585	484,000	PRN		SOLE		484,000	0	0
RED ROCK RESORTS INC	COM	75700L108	21,049	618,238	SH		SOLE		618,238	0	5,607
RESOLUTE ENERGY CORP	COM	76116A306	15,898	504,679	SH		SOLE		504,679	0	501
REVOLUTION LIGHTING TECHNOLO	COM	76155G206	1,507	458,170	SH		SOLE		458,170	0	0
ROKU INC	COM	77543R102	1,825	33,867	SH		SOLE		33,867	0	1,387
RYLAND GROUP INC	NOTE	783764AQ6	850	473,000	PRN		SOLE		473,000	0	0
SLM CORP	COM	78442P106	5,784	495,379	SH		SOLE		495,379	0	16,515
SPDR SER TR	CAP S/T	78468r408	1,622	58,838	SH		SOLE		58,838	0	0
SPX FLOW INC	COM	78469X107	12,028	252,584	SH		SOLE		252,584	0	376
SVB FINL GROUP	COM	78486Q101	2,227	9,368	SH		SOLE		9,368	0	158
SANCHEZ ENERGY CORP	COM	79970Y105	6,811	1,280,826	SH		SOLE		1,280,826	0	1,908
SANCHEZ PRODTN PARTNERS	COM	79971C201	507	45,704	SH		SOLE		45,704	0	0
SCHNEIDER NATIONAL INC	COM	80689H102	12,669	442,961	SH		SOLE		442,961	0	642
SCIENTIFIC GAMES CORP	CL A	80874P109	14,933	290,659	SH		SOLE		290,659	0	425
SCRIPPS E W CO OHIO	CL A NE	811054402	7,539	481,597	SH		SOLE		481,597	0	745
SEAWORLD ENTMT INC	COM	81282V100	12,778	938,561	SH		SOLE		938,561	0	3,101
SEMTECH CORP	COM	816850101	13,462	393,084	SH		SOLE		393,084	0	556
SHORE BANCSHARES INC	COM	825107105	1,872	112,124	SH		SOLE		112,124	0	0
SIERRA BANCORP	COM	82620P102	692	26,042	SH		SOLE		26,042	0	0
SILICON LABORATORIES INC	COM	826919102	2,679	29,145	SH		SOLE		29,145	0	1,196
SINCLAIR BROADCAST GROUP INC	CL A	829226109	23,346	614,825	SH		SOLE		614,825	0	1,987
SMARTFINANCIAL INC	COM	83190L208	887	40,868	SH		SOLE		40,868	0	0
SOUTHERN FIRST BANCSHARES IN	COM	842873101	437	10,588	SH		SOLE		10,588	0	0
SOUTHERN NATL BANCORP OF VA	COM	843395104	3,844	239,813	SH		SOLE		239,813	0	0
STANLEY BLACK & DECKER INC	NOTE	854502887	698	5,700	PRN		SOLE		5,700	0	0
STARWOOD WAYPOINT RESIDENTL	NOTE	85571WAB5	129	100,000	PRN		SOLE		100,000	0	0
STATE BK FINL CORP	COM	856190103	5,114	171,365	SH		SOLE		171,365	0	0
STERLING BANCORP DEL	COM	85917A100	20,668	833,648	SH		SOLE		833,648	0	6,534
STERLING BANCORP INC	COM	85917W102	1,290	101,581	SH		SOLE		101,581	0	0
STUDENT TRANSN INC	COM	86388A108	1,700	276,842	SH		SOLE		276,842	0	0
SUMMIT MATLS INC	COM	86614U100	20,853	657,511	SH		SOLE		657,511	0	5,763
SUNSHINE BANCORP INC	COM	86777J108	2,145	93,514	SH		SOLE		93,514	0	0
TERADYNE INC	COM	880770102	2,835	65,114	SH		SOLE		65,114	0	2,607
TERADYNE INC	NOTE	880770AG7	785	550,000	PRN		SOLE		550,000	0	0
TEXAS CAPITAL BANCSHARES INC	COM	88224Q107	19,227	215,966	SH		SOLE		215,966	0	316
TOPBUILD CORP	COM	89055F103	20,320	265,690	SH		SOLE		265,690	0	2,593
TRANSUNION	COM	89400J107	3,464	60,573	SH		SOLE		60,573	0	2,447
TRICO BANCSHARES	COM	896095106	2,009	53,077	SH		SOLE		53,077	0	0
TRINITY INDS INC	NOTE	896522AF6	472	300,000	PRN		SOLE		300,000	0	0
TYLER TECHNOLOGIES INC	COM	902252105	12,430	69,355	SH		SOLE		69,355	0	852
U S SILICA HLDGS INC	COM	90346E103	12,509	380,918	SH		SOLE		380,918	0	3,252
UNITED RENTALS INC	COM	911363109	5,373	30,278	SH		SOLE		30,278	0	976
URBAN ONE INC	COM	91705J204	75	42,783	SH		SOLE		42,783	0	0
VAIL RESORTS INC	COM	91879Q109	2,624	11,861	SH		SOLE		11,861	0	487
VALVOLINE INC	COM	92047W101	2,458	94,199	SH		SOLE		94,199	0	3,874
VEECO INSTRS INC DEL	NOTE	922417AD2	521	600,000	PRN		SOLE		600,000	0	0
VERISIGN INC	NOTE	92343EAD4	674	202,000	PRN		SOLE		202,000	0	0
VERISIGN INC	SDCV	92343EAD4	674	202,000	SH		SOLE		202,000	0	0
VERITEX HLDGS INC	COM	923451108	1,194	43,264	SH		SOLE		43,264	0	0
VERSUM MATLS INC	COM	92532W103	10,195	268,964	SH		SOLE		268,964	0	393
VISTRA ENERGY CORP	COM	92840M102	1,686	90,339	SH		SOLE		90,339	0	1,673
VOYA FINL INC	COM	929089100	6,147	120,354	SH		SOLE		120,354	0	3,912
WSFS FINL CORP	COM	929328102	13,003	271,365	SH		SOLE		271,365	0	389
WASHINGTONFIRST BANKSHARES I	COM	940730104	3,286	95,913	SH		SOLE		95,913	0	0
WEBSTER FINL CORP CONN	COM	947890109	18,512	327,177	SH		SOLE		327,177	0	2,460
WELLCARE HEALTH PLANS INC	COM	94946T106	14,190	69,779	SH		SOLE		69,779	0	778
WESCO INTL INC	COM	95082P105	2,548	35,958	SH		SOLE		35,958	0	1,432
WESTERN ALLIANCE BANCORP	COM	957638109	19,127	335,128	SH		SOLE		335,128	0	2,690
WPX ENERGY INC	COM	98212B103	16,868	1,194,601	SH		SOLE		1,194,601	0	4,275
WRIGHT MED GROUP INC	NOTE	98235TAE7	653	637,000	PRN		SOLE		637,000	0	0
WYNN RESORTS LTD	COM	983134107	1,931	11,262	SH		SOLE		11,262	0	190
XPO LOGISTICS INC	COM	983793100	4,980	52,231	SH		SOLE		52,231	0	2,146
XILINX INC	COM	983919101	1,463	21,323	SH		SOLE		21,323	0	374
YRC WORLDWIDE INC	COM PAR	984249607	6,401	445,158	SH		SOLE		445,158	0	0
ZIONS BANCORPORATION	COM	989701107	2,087	40,380	SH		SOLE		40,380	0	684
ALLEGION PUB LTD CO	ORD SHS	G0176J109	3,242	39,404	SH		SOLE		39,404	0	1,345
AQUAVENTURE HLDGS LTD	COM	G0443N107	2,026	130,557	SH		SOLE		130,557	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	4,656	49,594	SH		SOLE		49,594	0	1,699
BELMOND LTD	COM	G1154H107	5,126	417,783	SH		SOLE		417,783	0	626
MIMECAST LTD	COM	G14838109	10,186	354,777	SH		SOLE		354,777	0	515
FERROGLOBE PLC	COM	G33856108	12,938	797,516	SH		SOLE		797,516	0	1,153
INTERNATIONAL GAME TECHNOLOG	SHS	G4863A108	1,893	70,217	SH		SOLE		70,217	0	1,208
WEATHERFORD INTL PLC	COM	G48833100	133	31,874	SH		SOLE		31,874	0	0
LIVANOVA PLC	COM	G5509L101	10,567	132,032	SH		SOLE		132,032	0	188
NABORS INDUSTRIES LTD	SHS	G6359F103	82	11,965	SH		SOLE		11,965	0	0
NOBLE CORP PLC	SHS USD	G65431101	10,219	2,257,615	SH		SOLE		2,257,615	0	3,269
OXFORD IMMUNOTEC GLOBAL PLC	ORD SHS	G6855A103	2,974	212,868	SH		SOLE		212,868	0	0
VENATOR MATLS PLC	COM	G9329Z100	17,081	770,226	SH		SOLE		770,226	0	1,977
TRANSOCEAN LTD	REG SHS	H8817H100	2,252	207,825	SH		SOLE		207,825	0	3,039
ATTUNITY LTD	SHS NEW	M15332121	1,811	259,418	SH		SOLE		259,418	0	0
INTERXION HOLDING N.V	SHS	N47279109	13,777	233,450	SH		SOLE		233,450	0	341
WRIGHT MED GROUP N V	COM	N96617118	11,275	504,266	SH		SOLE		504,266	0	3,636
ARDMORE SHIPPING CORP	COM	Y0207T100	2,617	327,085	SH		SOLE		327,085	0	0