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	1,561	303,062	SH		SOLE		303,062	0	0
AMC ENTMT HLDGS INC	CL A CO	00165C104	14,061	998,097	SH		SOLE		998,097	0	2,671
ACCESS NATL CORP	COM	004337101	3,397	119,065	SH		SOLE		119,065	0	0
AEROJET ROCKETDYNE HLDGS INC	COM	007800105	9,552	340,967	SH		SOLE		340,967	0	544
AEROJET ROCKETDYNE HLDGS INC	NOTE	007800AB1	570	450,000	PRN		SOLE		450,000	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	4,347	22,185	SH		SOLE		22,185	0	747
AIR TRANSPORT SERVICES GRP I	COM	00922R105	3,208	137,555	SH		SOLE		137,555	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	1,993	49,308	SH		SOLE		49,308	0	1,717
ANDERSONS INC	COM	034164103	4,151	125,411	SH		SOLE		125,411	0	0
ANTHEM INC	NOTE	036752202	725	13,500	PRN		SOLE		13,500	0	0
AQUA AMERICA INC	COM	03836W103	2,997	84,541	SH		SOLE		84,541	0	3,454
ARCH COAL INC	COM	039380407	1,557	16,278	SH		SOLE		16,278	0	666
ASTEC INDS INC	COM	046224101	10,741	194,345	SH		SOLE		194,345	0	313
ATLANTIC CAP BANCSHARES INC	COM	048269203	1,730	95,605	SH		SOLE		95,605	0	0
AVAYA HLDGS CORP	PUT	05351X101	3,746	166,981	SH		SOLE		166,981	0	273
BOK FINL CORP	COM NEW	05561Q201	3,627	35,228	SH		SOLE		35,228	0	1,408
BMC STK HLDGS INC	COM	05591B109	2,618	133,918	SH		SOLE		133,918	0	0
BANC CALIF INC	COM	05990K106	13,438	695,334	SH		SOLE		695,334	0	945
BAXTER INTL INC	COM	071813109	1,541	23,318	SH		SOLE		23,318	0	380
BEACON ROOFING SUPPLY INC	COM	073685109	10,056	189,187	SH		SOLE		189,187	0	300
BERRY PLASTICS GROUP INC	COM	08579W103	2,782	48,785	SH		SOLE		48,785	0	1,966
BLACK KNIGHT INC	COM	09215C105	2,928	59,772	SH		SOLE		59,772	0	2,401
BLACKHAWK NETWORK HLDGS INC	NOTE	09238EAB0	182	165,000	PRN		SOLE		165,000	0	0
BOYD GAMING CORP	COM	103304101	2,604	78,548	SH		SOLE		78,548	0	3,172
BRIDGEWATER BANCSHARES INC	PUT	108621103	460	35,173	SH		SOLE		35,173	0	0
BURLINGTON STORES INC	COM	122017106	5,804	42,252	SH		SOLE		42,252	0	1,338
CPI AEROSTRUCTURES INC	COM NEW	125919308	2,472	253,588	SH		SOLE		253,588	0	0
CSI COMPRESSCO LP	COM	12637A103	120	16,541	SH		SOLE		16,541	0	0
C&J ENERGY SVCS INC NEW	COM	12674R100	7,995	309,232	SH		SOLE		309,232	0	416
CABOT OIL & GAS CORP	COM	127097103	4,316	175,132	SH		SOLE		175,132	0	4,855
CAESARS ENTMT CORP	COM	127686103	1,756	154,130	SH		SOLE		154,130	0	1,944
CAESARS ENTMT CORP	NOTE	127686AA1	322	185,000	PRN		SOLE		185,000	0	0
CALERES INC	COM	129500104	2,007	59,728	SH		SOLE		59,728	0	0
CALLON PETE CO DEL	COM	13123X102	2,450	178,456	SH		SOLE		178,456	0	6,568
CAMBREX CORP	COM	132011107	7,577	144,639	SH		SOLE		144,639	0	244
CAPSTAR FINL HLDGS INC	COM	14070T102	3,308	175,696	SH		SOLE		175,696	0	0
CARBONITE INC	COM	141337105	12,744	441,812	SH		SOLE		441,812	0	678
CARDLYTICS INC	PUT	14161W105	695	47,539	SH		SOLE		47,539	0	0
CAROLINA FINL CORP NEW	COM	143873107	2,326	59,228	SH		SOLE		59,228	0	0
CAVIUM INC	COM	14964U108	2,138	25,905	SH		SOLE		25,905	0	1,035
CELADON GROUP INC	COM	150838100	2,009	542,954	SH		SOLE		542,954	0	0
CEMEX SAB DE CV	NOTE	151290BR3	565	550,000	PRN		SOLE		550,000	0	0
CENTERSTATE BKS FLA INC	COM	15201P109	1,743	65,714	SH		SOLE		65,714	0	0
CENTURY CASINOS INC	COM	156492100	1,525	204,410	SH		SOLE		204,410	0	0
CHEGG INC	COM	163092109	12,363	597,507	SH		SOLE		597,507	0	907
CHEMICAL FINL CORP	COM	163731102	14,698	266,268	SH		SOLE		266,268	0	2,529
CHICOS FAS INC	COM	168615102	1,148	126,998	SH		SOLE		126,998	0	0
CHUYS HLDGS INC	COM	171604101	3,988	152,224	SH		SOLE		152,224	0	0
CIMAREX ENERGY CO	COM	171798101	1,882	19,340	SH		SOLE		19,340	0	788
CIVISTA BANCSHARES INC	COM	178867107	2,013	88,036	SH		SOLE		88,036	0	0
COBIZ FINANCIAL INC	COM	190897108	4,454	227,270	SH		SOLE		227,270	0	0
COLONY STARWOOD HOMES	PUT	19625XAB8	446	400,000	SH		SOLE		400,000	0	0
COLUMBUS MCKINNON CORP N Y	COM	199333105	4,393	122,585	SH		SOLE		122,585	0	0
COMMERCIAL METALS CO	COM	201723103	1,564	73,376	SH		SOLE		73,376	0	3,069
COMMSCOPE HLDG CO INC	COM	20337X109	5,327	129,523	SH		SOLE		129,523	0	3,747
COMMUNITY BANKERS TR CORP	COM	203612106	3,384	376,052	SH		SOLE		376,052	0	0
COMSTOCK RES INC	COM	205768302	110	15,091	SH		SOLE		15,091	0	0
COMSTOCK RES INC	NOTE	205768AM6	3,719	4,024,023	PRN		SOLE		4,024,023	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	2,616	87,685	SH		SOLE		87,685	0	0
CRYOLIFE INC	COM	228903100	1,626	81,096	SH		SOLE		81,096	0	0
CYPRESS SEMICONDUCTOR CORP	NOTE	232806AM1	140	100,000	PRN		SOLE		100,000	0	0
CYRUSONE INC COM	COM	23283R100	3,053	57,370	SH		SOLE		57,370	0	2,256
DXP ENTERPRISES INC NEW	COM NEW	233377407	11,883	304,730	SH		SOLE		304,730	0	351
DASEKE INC	COM	23753F107	927	94,712	SH		SOLE		94,712	0	0
DEL FRISCOS RESTAURANT GROUP	COM	245077102	2,878	188,740	SH		SOLE		188,740	0	0
DIXIE GROUP INC	CL A	255519100	900	327,222	SH		SOLE		327,222	0	0
DYCOM INDS INC	NOTE	267475AB7	633	500,000	PRN		SOLE		500,000	0	0
DYNEGY INC NEW DEL	COM	26817R108	12,003	887,825	SH		SOLE		887,825	0	0
EAGLE BANCORP MONT INC	COM	26942G100	1,129	54,431	SH		SOLE		54,431	0	0
ECHO GLOBAL LOGISTICS INC	COM	27875T101	3,264	118,254	SH		SOLE		118,254	0	0
ECLIPSE RES CORP	COM	27890G100	1,370	951,441	SH		SOLE		951,441	0	0
EMAGIN CORP	COM NEW	29076N206	1,055	727,378	SH		SOLE		727,378	0	0
ENSCO JERSEY FIN LTD	NOTE	29359WAB1	671	840,000	PRN		SOLE		840,000	0	0
ENTEGRA FINL CORP	COM	29363J108	1,027	35,429	SH		SOLE		35,429	0	0
EQUITY BANCSHARES INC	COM	29460X109	2,597	66,315	SH		SOLE		66,315	0	0
EVANS BANCORP INC	COM NEW	29911Q208	3,352	74,086	SH		SOLE		74,086	0	0
EVERI HLDGS INC	COM	30034T103	8,223	1,250,202	SH		SOLE		1,250,202	0	1,455
EXELIXIS INC	COM	30161Q104	1,594	69,201	SH		SOLE		69,201	0	2,750
EXPRESS INC	COM	30219E103	3,342	466,760	SH		SOLE		466,760	0	0
FB FINL CORP	COM	30257X104	13,779	339,062	SH		SOLE		339,062	0	415
FTS INTERNATIONAL INC	PUT	30283W104	1,895	99,064	SH		SOLE		99,064	0	3,991
FIDELITY NATIONAL FINANCIAL	FNF GRO	31620R303	2,979	71,505	SH		SOLE		71,505	0	2,926
FIDELITY NATIONAL FINANCIAL	NOTE	31620RAE5	559	180,000	PRN		SOLE		180,000	0	0
FIREEYE INC	NOTE	31816QAD3	446	478,000	PRN		SOLE		478,000	0	0
FIRST BANCORP N C	COM	318910106	1,680	47,135	SH		SOLE		47,135	0	0
FIRST INTERNET BANCORP	COM	320557101	3,231	87,312	SH		SOLE		87,312	0	0
Five Below Inc	com	33829M101	8,183	111,403	SH		SOLE		111,403	0	173
FIVE9 INC	COM	338307101	9,812	328,889	SH		SOLE		328,889	0	496
FLOOR & DECOR HLDGS INC	COM	339750101	3,388	62,592	SH		SOLE		62,592	0	2,414
FULL HOUSE RESORTS INC	COM	359678109	277	86,223	SH		SOLE		86,223	0	0
FULLER H B CO	COM	359694106	3,953	77,059	SH		SOLE		77,059	0	2,436
GEO GROUP INC NEW	COM	36162J106	2,715	127,444	SH		SOLE		127,444	0	5,191
G-III APPAREL GROUP LTD	COM	36237H101	16,545	438,076	SH		SOLE		438,076	0	1,018
GAMING & LEISURE PPTYS INC	COM	36467J108	1,438	42,411	SH		SOLE		42,411	0	557
GENMARK DIAGNOSTICS INC	COM	372309104	2,293	421,433	SH		SOLE		421,433	0	0
GIBRALTAR INDS INC	COM	374689107	233	6,884	SH		SOLE		6,884	0	0
GLATFELTER	COM	377316104	4,385	213,613	SH		SOLE		213,613	0	0
GLOBAL PMTS INC	COM	37940X102	1,208	10,713	SH		SOLE		10,713	0	120
GLOBAL BRASS & COPPR HLDGS I	COM	37953G103	1,066	31,876	SH		SOLE		31,876	0	0
GODADDY INC	COM	380237107	5,950	94,069	SH		SOLE		94,069	0	2,798
GOGO INC	COM	38046C109	9,424	1,090,618	SH		SOLE		1,090,618	0	1,353
GOGO INC	NOTE	38046CAB5	4,883	5,549,000	PRN		SOLE		5,549,000	0	0
GOODRICH PETE CORP	COM	382410843	601	54,743	SH		SOLE		54,743	0	0
GRAY TELEVISION INC	COM	389375106	19,570	1,531,904	SH		SOLE		1,531,904	0	9,059
GREEN PLAINS RENEWABLE ENERG	COM	393222104	512	30,468	SH		SOLE		30,468	0	0
GUARANTY BANCORP DEL	COM NEW	40075T607	4,219	148,809	SH		SOLE		148,809	0	0
GUARANTY BANCSHARES INC TEX	COM	400764106	911	27,361	SH		SOLE		27,361	0	0
HABIT RESTAURANTS INC	COM	40449J103	3,099	352,151	SH		SOLE		352,151	0	0
HARSCO CORP	COM	415864107	8,638	417,651	SH		SOLE		417,651	0	649
HAWAIIAN TELCOM HOLDCO INC	COM	420031106	751	28,154	SH		SOLE		28,154	0	0
HERITAGE COMMERCE CORP	COM	426927109	2,849	172,895	SH		SOLE		172,895	0	0
HERBALIFE LTD	NOTE	42703MAB9	551	455,000	PRN		SOLE		455,000	0	0
HERITAGE FINL CORP WASH	COM	42722X106	5,820	190,180	SH		SOLE		190,180	0	0
HI-CRUSH PARTNERS LP	COM UNI	428337109	181	17,059	SH		SOLE		17,059	0	0
HOLOGIC INC	COM	436440101	1,865	49,300	SH		SOLE		49,300	0	627
HORTONWORKS INC	COM	440894103	11,798	578,289	SH		SOLE		578,289	0	888
ICU MED INC	COM	44930G107	16,829	66,135	SH		SOLE		66,135	0	541
INDEPENDENCE CONTRACT DRIL I	COM	453415309	608	160,799	SH		SOLE		160,799	0	0
INNOPHOS HOLDINGS INC	COM	45774N108	3,307	82,244	SH		SOLE		82,244	0	0
INSTRUCTURE INC	COM	45781U103	10,130	239,963	SH		SOLE		239,963	0	361
INSPIRED ENTMT INC	COM	45782N108	577	104,977	SH		SOLE		104,977	0	0
INTEGRATED DEVICE TECHNOLOGY	NOTE	458118AC0	130	115,000	PRN		SOLE		115,000	0	0
INVESTAR HLDG CORP	COM	46134L105	1,498	57,958	SH		SOLE		57,958	0	0
INVITATION HOMES INC	COM	46187W107	3,159	132,971	SH		SOLE		132,971	0	5,391
IRONWOOD PHARMACEUTICALS INC	COM CL	46333X108	13,221	849,299	SH		SOLE		849,299	0	7,513
IRONWOOD PHARMACEUTICALS INC	NOTE	46333XAD0	436	370,000	PRN		SOLE		370,000	0	0
ISHARES TR	COM	464287655	533	3,490	SH		SOLE		3,490	0	18
JELD-WEN HLDG INC	COM	47580P103	8,282	269,605	SH		SOLE		269,605	0	863
KAR AUCTION SVCS INC	COM	48238T109	3,527	62,521	SH		SOLE		62,521	0	2,544
KMG CHEMICALS INC	COM	482564101	1,036	17,277	SH		SOLE		17,277	0	0
K2M GROUP HLDGS INC	COM	48273J107	10,489	552,900	SH		SOLE		552,900	0	620
KEANE GROUP INC	COM	48669A108	11,329	764,344	SH		SOLE		764,344	0	1,151
KIRKLANDS INC	COM	497498105	2,228	229,968	SH		SOLE		229,968	0	0
LANTHEUS HLDGS INC	COM	516544103	944	59,349	SH		SOLE		59,349	0	0
LIBERTY MEDIA CORP DELAWARE	NOTE	531229AF9	367	350,000	PRN		SOLE		350,000	0	0
LINDBLAD EXPEDITIONS HLDGS I	COM	535219109	2,200	214,200	SH		SOLE		214,200	0	0
LIONS GATE ENTMNT CORP	COM	535919500	854	35,468	SH		SOLE		35,468	0	0
LIVE NATION INC	COM	538034109	3,085	70,351	SH		SOLE		70,351	0	2,865
LIVE NATION ENTERTAINMENT IN	NOTE	538034AJ8	148	115,000	PRN		SOLE		115,000	0	0
LUTHER BURBANK CORP	COM	550550107	608	50,639	SH		SOLE		50,639	0	0
MDC PARTNERS INC	CL A SU	552697104	9,153	1,269,667	SH		SOLE		1,269,667	0	1,518
MGM GROWTH PPTYS LLC	COM	55303A105	2,954	107,026	SH		SOLE		107,026	0	4,274
MAMMOTH ENERGY SVCS INC	COM	56155L108	11,497	358,081	SH		SOLE		358,081	0	535
MARTEN TRANS LTD	COM	573075108	4,360	191,234	SH		SOLE		191,234	0	0
MASCO CORP	COM	574599106	1,567	38,280	SH		SOLE		38,280	0	472
MASTEC INC	COM	576323109	8,898	188,843	SH		SOLE		188,843	0	284
MATCH GROUP INC	COM	57665R106	1,665	37,470	SH		SOLE		37,470	0	0
MATTERSIGHT CORP	COM	577097108	2,206	1,050,365	SH		SOLE		1,050,365	0	0
MERCER INTL INC	COM	588056101	2,115	169,855	SH		SOLE		169,855	0	0
MERCURY COMPUTER SYS	COM	589378108	3,000	59,717	SH		SOLE		59,717	0	2,375
MICRON TECHNOLOGY INC	NOTE	595112AY9	367	205,000	PRN		SOLE		205,000	0	0
MILACRON HLDGS CORP	COM	59870L106	9,693	480,569	SH		SOLE		480,569	0	735
MINDBODY INC	COM	60255W105	12,142	311,668	SH		SOLE		311,668	0	469
MODEL N INC	COM	607525102	6,579	363,942	SH		SOLE		363,942	0	563
MODINE MFG CO	COM	607828100	12,692	599,525	SH		SOLE		599,525	0	565
MONGODB INC	COM	60937P106	3,074	68,106	SH		SOLE		68,106	0	2,729
NAVISTAR INTL CORP NEW	NOTE	63934EAS7	231	225,000	PRN		SOLE		225,000	0	0
NEOGENOMICS INC	COM NEW	64049M209	2,362	289,425	SH		SOLE		289,425	0	0
NEXSTAR BROADCASTING GROUP I	CL A	65336K103	18,370	273,656	SH		SOLE		273,656	0	2,588
NICE SYS LTD	SPONSOR	653656108	14,645	154,484	SH		SOLE		154,484	0	1,428
NICE SYS INC	NOTE	65366HAB9	743	600,000	PRN		SOLE		600,000	0	0
NOW INC	COM	67011P100	2,482	242,833	SH		SOLE		242,833	0	0
NUVASIVE INC	NOTE	670704AG0	593	540,000	PRN		SOLE		540,000	0	0
OASIS PETE INC NEW	NOTE	674215AJ7	72	70,000	PRN		SOLE		70,000	0	0
OLD LINE BANCSHARES INC	COM	67984M100	2,330	70,618	SH		SOLE		70,618	0	0
OMNICELL INC	COM	68213N109	9,400	216,269	SH		SOLE		216,269	0	324
ON SEMICONDUCTOR CORP	NOTE	682189AK1	685	480,000	PRN		SOLE		480,000	0	0
ORMAT TECHNOLOGIES INC	COM	686688102	2,544	43,403	SH		SOLE		43,403	0	1,719
ORRSTOWN FINL SVCS INC	COM	687380105	574	23,768	SH		SOLE		23,768	0	0
OSHKOSH CORP	COM	688239201	5,693	71,497	SH		SOLE		71,497	0	2,178
PJT PARTNERS INC	COM	69343T107	9,279	184,926	SH		SOLE		184,926	0	283
PACIRA PHARMACEUTICALS INC	COM	695127100	12,328	392,515	SH		SOLE		392,515	0	3,253
PANDORA MEDIA INC	NOTE	698354AB3	533	585,000	PRN		SOLE		585,000	0	0
PATTERSON UTI ENERGY INC	COM	703481101	1,912	107,932	SH		SOLE		107,932	0	1,235
PENN NATL GAMING INC	COM	707569109	13,010	494,677	SH		SOLE		494,677	0	772
PETIQ INC	COM	71639T106	1,446	54,375	SH		SOLE		54,375	0	0
PFSWEB INC	COM NEW	717098206	1,174	134,328	SH		SOLE		134,328	0	0
PIER 1 IMPORTS INC	COM	720279108	1,867	579,747	SH		SOLE		579,747	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	2,768	41,475	SH		SOLE		41,475	0	1,644
PINNACLE ENTMT INC	COM	72348Y105	4,062	134,521	SH		SOLE		134,521	0	213
PLANET FITNESS INC	COM	72703H101	10,032	265,207	SH		SOLE		265,207	0	406
Q2 HLDGS INC	COM	74736L109	11,817	259,026	SH		SOLE		259,026	0	407
QUANTA SVCS INC	COM	74762E102	1,156	33,127	SH		SOLE		33,127	0	537
RAMBUS INC DEL	NOTE	750917AE6	90	80,000	PRN		SOLE		80,000	0	0
RED ROCK RESORTS INC	COM	75700L108	16,725	566,577	SH		SOLE		566,577	0	4,618
RELIANT BANCORP INC	COM	75956B101	1,271	55,777	SH		SOLE		55,777	0	0
RESOLUTE ENERGY CORP	COM	76116A306	14,226	410,078	SH		SOLE		410,078	0	493
REVOLUTION LIGHTING TECHNOLO	COM	76155G206	1,218	355,018	SH		SOLE		355,018	0	0
ROKU INC	COM	77543R102	1,437	44,378	SH		SOLE		44,378	0	1,829
RYERSON HLDG CORP	COM	783754104	3,763	461,667	SH		SOLE		461,667	0	0
RYLAND GROUP INC	NOTE	783764AQ6	788	473,000	PRN		SOLE		473,000	0	0
SLM CORP	COM	78442P106	2,579	221,027	SH		SOLE		221,027	0	9,026
SPDR SER TR	CAP S/T	78468r408	1,466	53,565	SH		SOLE		53,565	0	0
SVB FINL GROUP	COM	78486Q101	1,897	7,806	SH		SOLE		7,806	0	99
SANCHEZ ENERGY CORP	COM	79970Y105	3,864	1,232,546	SH		SOLE		1,232,546	0	1,820
SANCHEZ PRODTN PARTNERS	COM	79971C201	398	38,502	SH		SOLE		38,502	0	0
SANDY SPRING BANCORP INC	COM	800363103	2,732	70,493	SH		SOLE		70,493	0	0
SCHNEIDER NATIONAL INC	COM	80689H102	17,716	673,882	SH		SOLE		673,882	0	5,925
SCIENTIFIC GAMES CORP	CL A	80874P109	12,615	302,790	SH		SOLE		302,790	0	461
SCRIPPS E W CO OHIO	CL A NE	811054402	6,691	557,184	SH		SOLE		557,184	0	872
SEAWORLD ENTMT INC	COM	81282V100	13,388	900,237	SH		SOLE		900,237	0	2,543
SEMTECH CORP	COM	816850101	15,958	406,702	SH		SOLE		406,702	0	1,956
SHORE BANCSHARES INC	COM	825107105	1,647	87,329	SH		SOLE		87,329	0	0
SIERRA BANCORP	COM	82620P102	739	27,742	SH		SOLE		27,742	0	0
SILICON LABORATORIES INC	COM	826919102	3,049	32,598	SH		SOLE		32,598	0	1,314
SILICON LABORATORIES INC	NOTE	826919AB8	468	405,000	PRN		SOLE		405,000	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	16,990	541,208	SH		SOLE		541,208	0	1,617
SMARTFINANCIAL INC	COM	83190L208	747	31,705	SH		SOLE		31,705	0	0
SOUTHERN FIRST BANCSHARES IN	COM	842873101	374	8,400	SH		SOLE		8,400	0	0
SOUTHERN NATL BANCORP OF VA	COM	843395104	2,959	186,785	SH		SOLE		186,785	0	0
SQUARE INC	NOTE	852234AB9	273	125,000	PRN		SOLE		125,000	0	0
STANLEY BLACK & DECKER INC	NOTE	854502887	655	5,700	PRN		SOLE		5,700	0	0
STARWOOD WAYPOINT RESIDENTL	NOTE	85571WAB5	125	100,000	PRN		SOLE		100,000	0	0
STATE BK FINL CORP	COM	856190103	3,990	132,968	SH		SOLE		132,968	0	0
STERLING BANCORP DEL	COM	85917A100	17,436	766,883	SH		SOLE		766,883	0	6,351
STERLING BANCORP INC	COM	85917W102	889	65,830	SH		SOLE		65,830	0	0
STUDENT TRANSN INC	COM	86388A108	1,883	251,425	SH		SOLE		251,425	0	0
SUMMIT MATLS INC	COM	86614U100	19,529	639,036	SH		SOLE		639,036	0	5,907
TELEFLEX INC	COM	879369106	2,567	9,675	SH		SOLE		9,675	0	393
TERADYNE INC	COM	880770102	3,610	75,936	SH		SOLE		75,936	0	3,039
TERADYNE INC	NOTE	880770AG7	922	605,000	PRN		SOLE		605,000	0	0
TEXAS CAPITAL BANCSHARES INC	COM	88224Q107	16,776	186,322	SH		SOLE		186,322	0	290
TOPBUILD CORP	COM	89055F103	18,799	243,564	SH		SOLE		243,564	0	2,106
TRANSUNION	COM	89400J107	3,931	66,629	SH		SOLE		66,629	0	2,595
TRICO BANCSHARES	COM	896095106	2,751	73,916	SH		SOLE		73,916	0	0
TRINITY INDS INC	NOTE	896522AF6	409	300,000	PRN		SOLE		300,000	0	0
TYLER TECHNOLOGIES INC	COM	902252105	12,455	58,284	SH		SOLE		58,284	0	757
U S SILICA HLDGS INC	COM	90346E103	8,717	338,605	SH		SOLE		338,605	0	2,977
UNITED RENTALS INC	COM	911363109	5,259	29,505	SH		SOLE		29,505	0	941
URBAN ONE INC	COM	91705J204	88	42,783	SH		SOLE		42,783	0	0
VAIL RESORTS INC	COM	91879Q109	2,908	12,609	SH		SOLE		12,609	0	510
VALVOLINE INC	COM	92047W101	2,137	92,813	SH		SOLE		92,813	0	3,775
VERISIGN INC	NOTE	92343EAD4	696	202,000	PRN		SOLE		202,000	0	0
VERISIGN INC	SDCV	92343EAD4	696	202,000	SH		SOLE		202,000	0	0
VERITEX HLDGS INC	COM	923451108	939	33,950	SH		SOLE		33,950	0	0
VERSUM MATLS INC	COM	92532W103	9,571	253,960	SH		SOLE		253,960	0	393
VISTRA ENERGY CORP	COM	92840M102	1,895	89,825	SH		SOLE		89,825	0	1,152
VOYA FINL INC	COM	929089100	5,668	108,732	SH		SOLE		108,732	0	3,513
WSFS FINL CORP	COM	929328102	12,268	255,737	SH		SOLE		255,737	0	389
WEBSTER FINL CORP CONN	COM	947890109	15,799	282,545	SH		SOLE		282,545	0	2,634
WELLCARE HEALTH PLANS INC	COM	94946T106	14,524	74,148	SH		SOLE		74,148	0	862
WESCO INTL INC	COM	95082P105	2,446	37,901	SH		SOLE		37,901	0	1,512
WESTERN ALLIANCE BANCORP	COM	957638109	17,401	296,840	SH		SOLE		296,840	0	2,610
WHITING PETE CORP NEW	COM	966387409	10,783	318,157	SH		SOLE		318,157	0	486
WOODWARD GOVERNOR CO	COM	980745103	9,530	132,795	SH		SOLE		132,795	0	191
WPX ENERGY INC	COM	98212B103	14,199	957,826	SH		SOLE		957,826	0	2,874
WRIGHT MED GROUP INC	NOTE	98235TAE7	631	637,000	PRN		SOLE		637,000	0	0
WYNN RESORTS LTD	COM	983134107	1,151	6,231	SH		SOLE		6,231	0	79
XPO LOGISTICS INC	COM	983793100	3,807	35,925	SH		SOLE		35,925	0	1,473
XILINX INC	COM	983919101	1,844	25,211	SH		SOLE		25,211	0	317
YRC WORLDWIDE INC	COM PAR	984249607	2,092	236,914	SH		SOLE		236,914	0	0
ZIONS BANCORPORATION	COM	989701107	1,988	37,235	SH		SOLE		37,235	0	469
ALLEGION PUB LTD CO	ORD SHS	G0176J109	4,029	45,791	SH		SOLE		45,791	0	1,448
AQUAVENTURE HLDGS LTD	COM	G0443N107	1,252	100,772	SH		SOLE		100,772	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	4,913	55,593	SH		SOLE		55,593	0	1,807
BELMOND LTD	COM	G1154H107	4,404	394,360	SH		SOLE		394,360	0	626
MIMECAST LTD	COM	G14838109	10,750	302,965	SH		SOLE		302,965	0	464
FERROGLOBE PLC	COM	G33856108	9,238	859,607	SH		SOLE		859,607	0	1,303
INTERNATIONAL GAME TECHNOLOG	SHS	G4863A108	1,758	64,928	SH		SOLE		64,928	0	830
LIVANOVA PLC	COM	G5509L101	11,042	124,586	SH		SOLE		124,586	0	188
NABORS INDUSTRIES LTD	SHS	G6359F103	156	22,294	SH		SOLE		22,294	0	0
NOBLE CORP PLC	SHS USD	G65431101	8,175	2,200,238	SH		SOLE		2,200,238	0	3,269
OXFORD IMMUNOTEC GLOBAL PLC	ORD SHS	G6855A103	2,659	213,549	SH		SOLE		213,549	0	0
VENATOR MATLS PLC	COM	G9329Z100	13,426	740,286	SH		SOLE		740,286	0	1,900
TRANSOCEAN LTD	REG SHS	H8817H100	1,835	183,237	SH		SOLE		183,237	0	2,087
ATTUNITY LTD	SHS NEW	M15332121	1,758	234,443	SH		SOLE		234,443	0	0
INTERXION HOLDING N.V	SHS	N47279109	13,689	220,064	SH		SOLE		220,064	0	341
WRIGHT MED GROUP N V	COM	N96617118	9,907	495,179	SH		SOLE		495,179	0	4,167
ARDMORE SHIPPING CORP	COM	Y0207T100	1,483	195,124	SH		SOLE		195,124	0	0