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
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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	001282102	1,433	311,574	SH		SOLE		311,574	0	0
AMC ENTMT HLDGS INC	CL A CO	00165C104	13,177	535,734	SH		SOLE		535,734	0	114,128
ACCESS NATL CORP	COM	004337101	3,675	135,571	SH		SOLE		135,571	0	0
AEROJET ROCKETDYNE HLDGS INC	NOTE	007800AB1	143	100,000	PRN		SOLE		100,000	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	761	5,296	SH		SOLE		5,296	0	0
AIR TRANSPORT SERVICES GRP I	COM	00922R105	4,679	217,927	SH		SOLE		217,927	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	2,766	19,165	SH		SOLE		19,165	0	35,730
AMALGAMATED BK NEW YORK N Y	COM	022663108	1,040	53,902	SH		SOLE		53,902	0	0
APERGY CORP	COM	03755L104	1,330	11,048	SH		SOLE		11,048	0	19,588
AQUA AMERICA INC	COM	03836W103	2,563	23,807	SH		SOLE		23,807	0	46,082
ARCH COAL INC	COM	039380407	481	5,646	SH		SOLE		5,646	0	0
ASPEN GROUP INC	COM	04530L203	745	109,613	SH		SOLE		109,613	0	0
ASTEC INDS INC	COM	046224101	464	7,761	SH		SOLE		7,761	0	0
ASURE SOFTWARE INC	COM	04649U102	520	41,849	SH		SOLE		41,849	0	0
BJS WHSL CLUB HLDGS INC	COM	05550J101	8,814	298,447	SH		SOLE		298,447	0	31,487
BOK FINL CORP	COM NEW	05561Q201	3,382	11,766	SH		SOLE		11,766	0	23,157
BMC STK HLDGS INC	COM	05591B109	2,900	155,504	SH		SOLE		155,504	0	0
BANC CALIF INC	COM	05990K106	12,884	632,899	SH		SOLE		632,899	0	48,120
BAXTER INTL INC	COM	071813109	240	3,201	SH		SOLE		3,201	0	0
BAYCOM CORP	COM	07272M107	552	20,689	SH		SOLE		20,689	0	0
BEACON ROOFING SUPPLY INC	COM	073685109	11,785	323,671	SH		SOLE		323,671	0	0
BEASLEY BROADCAST GROUP INC	CL A	074014101	993	143,905	SH		SOLE		143,905	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	2,312	16,567	SH		SOLE		16,567	0	31,537
BIOMARIN PHARMACEUTICAL INC	NOTE	09061GAF8	120	100,000	PRN		SOLE		100,000	0	0
BLACK KNIGHT INC	COM	09215C105	3,125	20,376	SH		SOLE		20,376	0	39,520
BOJANGLES INC	COM	097488100	4,774	304,059	SH		SOLE		304,059	0	0
BOYD GAMING CORP	COM	103304101	3,122	31,467	SH		SOLE		31,467	0	60,460
BRIDGEWATER BANCSHARES INC	PUT	108621103	1,306	100,321	SH		SOLE		100,321	0	0
BURLINGTON STORES INC	COM	122017106	5,257	11,101	SH		SOLE		11,101	0	21,467
CPI AEROSTRUCTURES INC	COM NEW	125919308	2,116	253,418	SH		SOLE		253,418	0	0
C&J ENERGY SVCS INC NEW	COM	12674R100	203	8,582	SH		SOLE		8,582	0	0
CABOT OIL & GAS CORP	COM	127097103	2,157	33,546	SH		SOLE		33,546	0	61,458
CAESARS ENTMT CORP	COM	127686103	132	12,311	SH		SOLE		12,311	0	0
CAESARS ENTMT CORP	NOTE	127686AA1	57	35,000	PRN		SOLE		35,000	0	0
CALLON PETE CO DEL	COM	13123X102	2,756	90,954	SH		SOLE		90,954	0	142,104
CAMPING WORLD HLDGS INC	COM	13462K109	8,677	333,654	SH		SOLE		333,654	0	69,404
CAPSTAR FINL HLDGS INC	COM	14070T102	3,101	185,713	SH		SOLE		185,713	0	0
CARBONITE INC	COM	141337105	11,209	285,674	SH		SOLE		285,674	0	28,959
CAROLINA FINL CORP NEW	COM	143873107	4,937	130,884	SH		SOLE		130,884	0	0
CELADON GROUP INC	COM	150838100	1,455	519,806	SH		SOLE		519,806	0	0
CEMEX SAB DE CV	NOTE	151290BR3	176	175,000	PRN		SOLE		175,000	0	0
CENTURY CASINOS INC	COM	156492100	2,548	341,530	SH		SOLE		341,530	0	0
CHART INDS INC	COM PAR	16115Q308	1,323	5,036	SH		SOLE		5,036	0	11,857
CHEGG INC	COM	163092109	10,748	342,463	SH		SOLE		342,463	0	35,869
CHEMICAL FINL CORP	COM	163731102	13,689	200,034	SH		SOLE		200,034	0	55,703
CHICOS FAS INC	COM	168615102	3,551	409,606	SH		SOLE		409,606	0	0
CHUYS HLDGS INC	COM	171604101	4,218	160,695	SH		SOLE		160,695	0	0
CIMAREX ENERGY CO	COM	171798101	2,356	8,818	SH		SOLE		8,818	0	16,199
CIVISTA BANCSHARES INC	COM	178867107	2,132	88,501	SH		SOLE		88,501	0	0
CLEVELAND CLIFFS INC	COM	185899101	7,385	538,789	SH		SOLE		538,789	0	55,099
COLUMBUS MCKINNON CORP N Y	COM	199333105	224	5,673	SH		SOLE		5,673	0	0
COMMERCIAL METALS CO	COM	201723103	1,489	25,614	SH		SOLE		25,614	0	46,656
COMMUNITY BANKERS TR CORP	COM	203612106	3,904	443,635	SH		SOLE		443,635	0	0
COMSTOCK RES INC	COM	205768302	128	15,223	SH		SOLE		15,223	0	0
CONSTRUCTION PARTNERS INC	COM	21044C107	3,483	287,851	SH		SOLE		287,851	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	3,911	134,596	SH		SOLE		134,596	0	0
CRYOLIFE INC	COM	228903100	825	23,444	SH		SOLE		23,444	0	0
CRYOPORT INC	COM	229050307	798	62,264	SH		SOLE		62,264	0	0
CYPRESS SEMICONDUCTOR CORP	NOTE	232806AM1	126	100,000	PRN		SOLE		100,000	0	0
CYRUSONE INC COM	COM	23283R100	3,564	19,862	SH		SOLE		19,862	0	36,972
DXP ENTERPRISES INC NEW	COM NEW	233377407	8,311	191,843	SH		SOLE		191,843	0	15,911
DASEKE INC	COM	23753F107	1,300	162,136	SH		SOLE		162,136	0	0
DEL FRISCOS RESTAURANT GROUP	COM	245077102	3,498	421,390	SH		SOLE		421,390	0	0
DISH NETWORK CORP	CL A	25470M109	1,832	19,156	SH		SOLE		19,156	0	32,327
DYCOM INDS INC	NOTE	267475AB7	161	145,000	PRN		SOLE		145,000	0	0
EAGLE BANCORP MONT INC	COM	26942G100	953	52,495	SH		SOLE		52,495	0	0
ECLIPSE RES CORP	COM	27890G100	1,199	1,007,395	SH		SOLE		1,007,395	0	0
ELANCO ANIMAL HEALTH INC	COM	28414H103	3,027	24,175	SH		SOLE		24,175	0	62,584
EMAGIN CORP	COM NEW	29076N206	1,090	726,891	SH		SOLE		726,891	0	0
ENERPLUS CORP	COM	292766102	12,300	905,652	SH		SOLE		905,652	0	90,362
ENPRO INDS INC	COM	29355X107	6,847	84,925	SH		SOLE		84,925	0	8,961
ENSCO JERSEY FIN LTD	NOTE	29359WAB1	129	130,000	PRN		SOLE		130,000	0	0
ENTEGRA FINL CORP	COM	29363J108	1,347	50,745	SH		SOLE		50,745	0	0
ENVESTNET INC	NOTE	29404KAA4	132	120,000	PRN		SOLE		120,000	0	0
EVANS BANCORP INC	COM NEW	29911Q208	2,854	60,798	SH		SOLE		60,798	0	0
EVERI HLDGS INC	COM	30034T103	16,922	1,707,303	SH		SOLE		1,707,303	0	148,383
EXELIXIS INC	COM	30161Q104	1,633	35,511	SH		SOLE		35,511	0	53,521
EXPRESS INC	COM	30219E103	3,671	331,915	SH		SOLE		331,915	0	0
EXTENDED STAY AMER INC	UNIT 99	30224P200	8,338	373,849	SH		SOLE		373,849	0	38,317
EXTRACTION OIL AND GAS INC	COM	30227M105	203	18,018	SH		SOLE		18,018	0	0
FB FINL CORP	COM	30257X104	18,731	444,083	SH		SOLE		444,083	0	33,500
FTS INTERNATIONAL INC	PUT	30283W104	192	13,517	SH		SOLE		13,517	0	0
FIDELITY NATIONAL FINANCIAL	FNF GRO	31620R303	2,810	24,282	SH		SOLE		24,282	0	47,544
FIREEYE INC	NOTE	31816QAD3	101	110,000	PRN		SOLE		110,000	0	0
FIRST BANCORP P R	COM NEW	318672706	6,316	625,899	SH		SOLE		625,899	0	68,216
FIRST BANCORP N C	COM	318910106	2,124	52,431	SH		SOLE		52,431	0	0
FIRST CMNTY CORP S C	COM	319835104	2,086	86,183	SH		SOLE		86,183	0	0
FIRST DATA CORP NEW	COM	32008D106	1,661	21,526	SH		SOLE		21,526	0	46,371
FIRST INTERNET BANCORP	COM	320557101	4,417	145,042	SH		SOLE		145,042	0	0
Five Below Inc	com	33829M101	7,778	55,000	SH		SOLE		55,000	0	5,557
FIVE9 INC	COM	338307101	12,760	235,442	SH		SOLE		235,442	0	59,558
FLOOR & DECOR HLDGS INC	COM	339750101	9,457	231,899	SH		SOLE		231,899	0	75,958
FULL HOUSE RESORTS INC	COM	359678109	311	108,047	SH		SOLE		108,047	0	0
FULLER H B CO	COM	359694106	3,966	26,201	SH		SOLE		26,201	0	50,195
GEO GROUP INC NEW	COM	36162J106	350	12,072	SH		SOLE		12,072	0	685
G-III APPAREL GROUP LTD	COM	36237H101	16,323	280,122	SH		SOLE		280,122	0	59,685
GAMING & LEISURE PPTYS INC	COM	36467J108	1,416	13,967	SH		SOLE		13,967	0	26,157
GARDNER DENVER HLDGS INC	COM	36555P107	10,310	328,137	SH		SOLE		328,137	0	35,659
GENMARK DIAGNOSTICS INC	COM	372309104	3,345	455,064	SH		SOLE		455,064	0	0
GLATFELTER	COM	377316104	3,594	188,057	SH		SOLE		188,057	0	0
GLOBAL PMTS INC	COM	37940X102	1,712	5,543	SH		SOLE		5,543	0	8,024
GLOBAL WTR RES INC	COM	379463102	652	61,546	SH		SOLE		61,546	0	0
GODADDY INC	COM	380237107	5,823	26,029	SH		SOLE		26,029	0	45,378
GOGO INC	COM	38046C109	8,725	1,530,331	SH		SOLE		1,530,331	0	153,394
GOGO INC	NOTE	38046CAB5	2,346	2,504,000	PRN		SOLE		2,504,000	0	0
GOLDEN ENTMT INC	COM	381013101	10,116	380,347	SH		SOLE		380,347	0	39,966
GOODRICH PETE CORP	COM	382410843	427	30,435	SH		SOLE		30,435	0	0
GRAY TELEVISION INC	COM	389375106	23,711	1,166,774	SH		SOLE		1,166,774	0	195,389
GRIFFON CORP	COM	398433102	2,991	185,213	SH		SOLE		185,213	0	0
GUARANTY BANCORP DEL	COM NEW	40075T607	4,541	152,903	SH		SOLE		152,903	0	0
GUARANTY BANCSHARES INC TEX	COM	400764106	1,105	36,565	SH		SOLE		36,565	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	1,479	57,791	SH		SOLE		57,791	0	81,938
HABIT RESTAURANTS INC	COM	40449J103	2,925	183,383	SH		SOLE		183,383	0	0
HEALTHCARE TR AMER INC	CL A	42225P501	2,340	21,536	SH		SOLE		21,536	0	66,204
HERITAGE COMMERCE CORP	COM	426927109	1,422	95,285	SH		SOLE		95,285	0	0
HERBALIFE LTD	NOTE	42703MAB9	163	125,000	PRN		SOLE		125,000	0	0
HI-CRUSH PARTNERS LP	COM UNI	428337109	171	15,814	SH		SOLE		15,814	0	0
HIGHPOINT RES CORP	PUT	43114k108	147	30,170	SH		SOLE		30,170	0	0
HOLOGIC INC	COM	436440101	2,304	20,055	SH		SOLE		20,055	0	36,302
HORTONWORKS INC	COM	440894103	13,375	535,126	SH		SOLE		535,126	0	55,872
IAC INTERACTIVECORP	COM PAR	44919P508	3,320	5,613	SH		SOLE		5,613	0	10,366
ICU MED INC	COM	44930G107	18,475	52,788	SH		SOLE		52,788	0	12,422
INDEPENDENCE CONTRACT DRIL I	COM	453415309	218	44,132	SH		SOLE		44,132	0	0
INNOPHOS HOLDINGS INC	COM	45774N108	3,733	84,083	SH		SOLE		84,083	0	0
INSTRUCTURE INC	COM	45781U103	6,418	162,733	SH		SOLE		162,733	0	16,946
INNOVATIVE INDL PPTYS INC	COM	45781V101	640	13,260	SH		SOLE		13,260	0	0
INSPIRED ENTMT INC	COM	45782N108	640	104,910	SH		SOLE		104,910	0	0
INTEGRATED DEVICE TECHNOLOGY	NOTE	458118AC0	173	115,000	PRN		SOLE		115,000	0	0
INVESTAR HLDG CORP	COM	46134L105	1,544	57,500	SH		SOLE		57,500	0	0
INVITATION HOMES INC	COM	46187W107	3,071	45,562	SH		SOLE		45,562	0	88,361
IRONWOOD PHARMACEUTICALS INC	COM CL	46333X108	17,588	768,986	SH		SOLE		768,986	0	182,101
IRONWOOD PHARMACEUTICALS INC	NOTE	46333XAD0	130	100,000	PRN		SOLE		100,000	0	0
ITRON INC	COM	465741106	6,072	85,506	SH		SOLE		85,506	0	9,067
JERNIGAN CAP INC	COM	476405105	1,011	52,423	SH		SOLE		52,423	0	0
KAR AUCTION SVCS INC	COM	48238T109	3,708	21,287	SH		SOLE		21,287	0	41,537
K2M GROUP HLDGS INC	COM	48273J107	5,308	197,210	SH		SOLE		197,210	0	0
KEANE GROUP INC	COM	48669A108	12,837	935,295	SH		SOLE		935,295	0	99,400
LHC GROUP INC	COM	50187A107	16,582	131,907	SH		SOLE		131,907	0	30,251
LENDINGTREE INC NEW	NOTE	52603BAA5	101	80,000	PRN		SOLE		80,000	0	0
LINDBLAD EXPEDITIONS HLDGS I	COM	535219109	3,183	214,057	SH		SOLE		214,057	0	0
LIVE NATION INC	COM	538034109	4,315	27,359	SH		SOLE		27,359	0	53,031
LIVE NATION ENTERTAINMENT IN	NOTE	538034AJ8	179	115,000	PRN		SOLE		115,000	0	0
LOVESAC COMPANY	COM	54738L109	1,725	69,045	SH		SOLE		69,045	0	0
MDC PARTNERS INC	CL A SU	552697104	836	201,517	SH		SOLE		201,517	0	0
MGM GROWTH PPTYS LLC	COM	55303A105	3,188	36,241	SH		SOLE		36,241	0	71,375
MGP INGREDIENTS INC NEW	COM	55303J106	1,854	5,731	SH		SOLE		5,731	0	17,745
MAMMOTH ENERGY SVCS INC	COM	56155L108	15,346	476,665	SH		SOLE		476,665	0	47,916
MARTEN TRANS LTD	COM	573075108	10,986	488,493	SH		SOLE		488,493	0	32,360
MASCO CORP	COM	574599106	1,949	19,377	SH		SOLE		19,377	0	33,784
MASTEC INC	COM	576323109	12,237	247,204	SH		SOLE		247,204	0	25,713
MATCH GROUP INC	COM	57665R106	4,802	29,322	SH		SOLE		29,322	0	56,608
MERCURY COMPUTER SYS	COM	589378108	3,505	28,814	SH		SOLE		28,814	0	39,850
MICRON TECHNOLOGY INC	NOTE	595112AY9	93	60,000	PRN		SOLE		60,000	0	0
MILACRON HLDGS CORP	COM	59870L106	10,310	463,974	SH		SOLE		463,974	0	46,309
MODINE MFG CO	COM	607828100	4,764	314,884	SH		SOLE		314,884	0	0
MONGODB INC	COM	60937P106	2,567	13,401	SH		SOLE		13,401	0	20,781
NN INC	COM	629337106	2,078	133,183	SH		SOLE		133,183	0	0
NEOGENOMICS INC	COM NEW	64049M209	1,317	85,813	SH		SOLE		85,813	0	0
NEVRO CORP	NOTE	64157FAA1	114	115,000	PRN		SOLE		115,000	0	0
NEXSTAR BROADCASTING GROUP I	CL A	65336K103	21,769	203,362	SH		SOLE		203,362	0	65,687
NICE SYS LTD	SPONSOR	653656108	14,294	96,524	SH		SOLE		96,524	0	29,030
NICE SYS INC	NOTE	65366HAB9	143	100,000	PRN		SOLE		100,000	0	0
NORTHERN OIL & GAS INC NEV	COM	665531109	259	64,867	SH		SOLE		64,867	0	0
NUTRI SYS INC NEW	COM	67069D108	10,709	269,595	SH		SOLE		269,595	0	19,440
NUVECTRA CORP	COM	67075N108	3,364	153,034	SH		SOLE		153,034	0	0
OLD LINE BANCSHARES INC	COM	67984M100	1,843	58,256	SH		SOLE		58,256	0	0
OLD POINT FINL CORP	COM	680194107	926	30,981	SH		SOLE		30,981	0	0
OMNICELL INC	COM	68213N109	13,820	175,702	SH		SOLE		175,702	0	18,422
ON SEMICONDUCTOR CORP	NOTE	682189AK1	110	95,000	PRN		SOLE		95,000	0	0
ORASURE TECHNOLOGIES INC	COM	68554V108	11,616	692,307	SH		SOLE		692,307	0	59,519
ORBCOMM INC	COM	68555P100	2,171	199,914	SH		SOLE		199,914	0	0
ORMAT TECHNOLOGIES INC	COM	686688102	2,667	17,661	SH		SOLE		17,661	0	31,743
ORRSTOWN FINL SVCS INC	COM	687380105	1,016	42,706	SH		SOLE		42,706	0	0
OSHKOSH CORP	COM	688239201	2,803	15,917	SH		SOLE		15,917	0	23,537
PJT PARTNERS INC	COM	69343T107	9,321	160,955	SH		SOLE		160,955	0	16,963
PACIFIC CITY FINANCIAL CORP	COM	69406T408	343	17,747	SH		SOLE		17,747	0	0
PACIRA PHARMACEUTICALS INC	COM	695127100	16,232	267,780	SH		SOLE		267,780	0	68,747
PANDORA MEDIA INC	NOTE	698354AB3	145	150,000	PRN		SOLE		150,000	0	0
PATTERSON UTI ENERGY INC	COM	703481101	8,826	400,137	SH		SOLE		400,137	0	115,191
PEBBLEBROOK HOTEL TR	COM	70509V100	9,127	227,064	SH		SOLE		227,064	0	23,312
PENN NATL GAMING INC	COM	707569109	14,618	402,094	SH		SOLE		402,094	0	41,642
PETIQ INC	COM	71639T106	1,422	36,180	SH		SOLE		36,180	0	0
PHYSICIANS RLTY TR	COM	71943U104	8,638	462,456	SH		SOLE		462,456	0	49,892
PINNACLE FINL PARTNERS INC	COM	72346Q104	2,507	14,222	SH		SOLE		14,222	0	27,347
PIONEER ENERGY SVCS CORP	COM	723664108	100	34,029	SH		SOLE		34,029	0	0
PLANET FITNESS INC	COM	72703H101	9,193	155,346	SH		SOLE		155,346	0	16,154
PROFIRE ENERGY INC	COM	74316X101	613	192,209	SH		SOLE		192,209	0	0
PROPETRO HLDG CORP	COM	74347M108	309	18,720	SH		SOLE		18,720	0	0
Q2 HLDGS INC	COM	74736L109	6,681	100,286	SH		SOLE		100,286	0	10,389
R1 RCM INC	COM	749397105	16,225	1,473,611	SH		SOLE		1,473,611	0	128,375
RED ROCK RESORTS INC	COM	75700L108	16,825	484,079	SH		SOLE		484,079	0	140,299
RELIANT BANCORP INC	COM	75956B101	1,114	43,559	SH		SOLE		43,559	0	0
REPLIGEN CORP	NOTE	759916AA7	178	100,000	PRN		SOLE		100,000	0	0
RESOLUTE ENERGY CORP	COM	76116A306	13,023	317,214	SH		SOLE		317,214	0	29,491
REVOLUTION LIGHTING TECHNOLO	COM	76155G206	1,008	354,782	SH		SOLE		354,782	0	0
RING ENERGY INC	COM	76680V108	893	90,145	SH		SOLE		90,145	0	0
ROKU INC	COM	77543R102	3,140	15,548	SH		SOLE		15,548	0	30,052
RYERSON HLDG CORP	COM	783754104	3,863	341,867	SH		SOLE		341,867	0	0
SLM CORP	COM	78442P106	2,501	73,927	SH		SOLE		73,927	0	149,604
SPDR SER TR	CAP S/T	78468r408	1,327	48,093	SH		SOLE		48,093	0	0
SVB FINL GROUP	COM	78486Q101	2,215	2,766	SH		SOLE		2,766	0	4,401
SANCHEZ ENERGY CORP	COM	79970Y105	183	40,493	SH		SOLE		40,493	0	0
SANCHEZ PRODTN PARTNERS	COM	79971C201	208	29,286	SH		SOLE		29,286	0	0
SANDY SPRING BANCORP INC	COM	800363103	4,633	117,849	SH		SOLE		117,849	0	0
SCHNEIDER NATIONAL INC	COM	80689H102	14,744	449,389	SH		SOLE		449,389	0	137,260
SCIENTIFIC GAMES CORP	CL A	80874P109	10,402	364,466	SH		SOLE		364,466	0	37,142
SCRIPPS E W CO OHIO	CL A NE	811054402	13,195	727,697	SH		SOLE		727,697	0	76,049
SEAWORLD ENTMT INC	COM	81282V100	14,347	388,447	SH		SOLE		388,447	0	75,181
SEMTECH CORP	COM	816850101	16,550	244,570	SH		SOLE		244,570	0	55,294
SHORE BANCSHARES INC	COM	825107105	2,239	125,673	SH		SOLE		125,673	0	0
SIERRA BANCORP	COM	82620P102	1,042	36,059	SH		SOLE		36,059	0	0
SILICON LABORATORIES INC	COM	826919102	470	4,493	SH		SOLE		4,493	0	241
SINCLAIR BROADCAST GROUP INC	CL A	829226109	14,433	418,216	SH		SOLE		418,216	0	88,023
SMARTFINANCIAL INC	COM	83190L208	3,056	129,772	SH		SOLE		129,772	0	0
SOUTHERN FIRST BANCSHARES IN	COM	842873101	2,701	68,726	SH		SOLE		68,726	0	0
SOUTHERN NATL BANCORP OF VA	COM	843395104	3,024	186,666	SH		SOLE		186,666	0	0
STANLEY BLACK & DECKER INC	NOTE	854502887	211	1,900	PRN		SOLE		1,900	0	0
STARWOOD WAYPOINT RESIDENTL	NOTE	85571WAB5	125	100,000	PRN		SOLE		100,000	0	0
STERLING BANCORP DEL	COM	85917A100	17,950	626,170	SH		SOLE		626,170	0	186,685
STERLING BANCORP INC	COM	85917W102	690	60,987	SH		SOLE		60,987	0	0
SUMMIT MATLS INC	COM	86614U100	7,853	387,513	SH		SOLE		387,513	0	38,593
TELEFLEX INC	COM	879369106	2,617	3,455	SH		SOLE		3,455	0	6,368
TERADYNE INC	COM	880770102	4,761	45,012	SH		SOLE		45,012	0	83,273
TERADYNE INC	NOTE	880770AG7	136	105,000	PRN		SOLE		105,000	0	0
TEXAS CAPITAL BANCSHARES INC	COM	88224Q107	12,144	132,523	SH		SOLE		132,523	0	13,812
TIMKENSTEEL CORP	COM	887399103	2,758	185,494	SH		SOLE		185,494	0	0
TOPBUILD CORP	COM	89055F103	5,754	73,297	SH		SOLE		73,297	0	24,095
TRANSUNION	COM	89400J107	4,913	22,861	SH		SOLE		22,861	0	44,141
TRIBUNE MEDIA CO	COM	896047503	310	8,070	SH		SOLE		8,070	0	0
TRICO BANCSHARES	COM	896095106	5,548	143,668	SH		SOLE		143,668	0	0
TUTOR PERINI CORP	COM	901109108	3,304	175,732	SH		SOLE		175,732	0	0
TYLER TECHNOLOGIES INC	COM	902252105	5,600	8,635	SH		SOLE		8,635	0	14,566
US XPRESS ENTERPRISES INC	COM	90338N202	1,984	143,767	SH		SOLE		143,767	0	0
UNITED RENTALS INC	COM	911363109	3,328	7,947	SH		SOLE		7,947	0	12,781
URBAN ONE INC	COM	91705J204	84	42,083	SH		SOLE		42,083	0	0
VAIL RESORTS INC	COM	91879Q109	3,481	4,411	SH		SOLE		4,411	0	8,275
VALVOLINE INC	COM	92047W101	1,836	30,446	SH		SOLE		30,446	0	54,854
VANGUARD INDEX FDS	EXTEND	922908652	2,394	1,617	SH		SOLE		1,617	0	17,910
VERITEX HLDGS INC	COM	923451108	1,000	35,397	SH		SOLE		35,397	0	0
VERSUM MATLS INC	COM	92532W103	8,720	218,584	SH		SOLE		218,584	0	23,303
VIEWRAY INC	COM	92672L107	2,191	234,116	SH		SOLE		234,116	0	0
VIPER ENERGY PARTNERS LP	COM UNT	92763M105	213	5,068	SH		SOLE		5,068	0	0
VISTRA ENERGY CORP	COM	92840M102	2,162	37,508	SH		SOLE		37,508	0	49,698
VOYA FINL INC	COM	929089100	5,120	35,489	SH		SOLE		35,489	0	68,263
WABCO HLDGS INC	COM	92927K102	1,290	3,320	SH		SOLE		3,320	0	7,621
WSFS FINL CORP	COM	929328102	11,531	220,010	SH		SOLE		220,010	0	23,462
WEBSTER FINL CORP CONN	COM	947890109	8,839	102,346	SH		SOLE		102,346	0	46,528
WELLCARE HEALTH PLANS INC	COM	94946T106	18,244	38,993	SH		SOLE		38,993	0	18,972
WESCO INTL INC	COM	95082P105	2,232	12,568	SH		SOLE		12,568	0	24,114
WESTERN ALLIANCE BANCORP	COM	957638109	16,258	227,045	SH		SOLE		227,045	0	58,806
WHITING PETE CORP NEW	COM	966387409	13,110	224,479	SH		SOLE		224,479	0	22,740
WILDHORSE RESOURCE DEV CORP	COM	96812T102	7,621	291,968	SH		SOLE		291,968	0	30,399
WOODWARD GOVERNOR CO	COM	980745103	312	4,056	SH		SOLE		4,056	0	0
WPX ENERGY INC	COM	98212B103	12,585	514,761	SH		SOLE		514,761	0	113,539
WRIGHT MED GROUP INC	NOTE	98235TAE7	192	175,000	PRN		SOLE		175,000	0	0
WYNDHAM HOTELS & RESORTS INC	COM	98311A105	1,528	9,567	SH		SOLE		9,567	0	17,818
WYNN RESORTS LTD	COM	983134107	1,268	3,423	SH		SOLE		3,423	0	6,343
XPO LOGISTICS INC	COM	983793100	2,979	8,878	SH		SOLE		8,878	0	17,642
YRC WORLDWIDE INC	COM PAR	984249607	3,693	411,258	SH		SOLE		411,258	0	0
ZIONS BANCORPORATION	COM	989701107	1,749	12,284	SH		SOLE		12,284	0	22,447
ZYNGA INC	CL A	98986T108	9,933	2,239,933	SH		SOLE		2,239,933	0	236,033
ALLEGION PUB LTD CO	ORD SHS	G0176J109	2,822	10,927	SH		SOLE		10,927	0	20,866
AQUAVENTURE HLDGS LTD	COM	G0443N107	1,598	88,409	SH		SOLE		88,409	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	3,726	43,901	SH		SOLE		43,901	0	83,055
MIMECAST LTD	COM	G14838109	10,257	222,334	SH		SOLE		222,334	0	22,690
ENSCO PLC	SHS CLA	G3157S106	186	22,037	SH		SOLE		22,037	0	0
GATES INDUSTRIAL CORPRATIN	COM	G39108108	5,140	237,905	SH		SOLE		237,905	0	25,693
INTERNATIONAL GAME TECHNOLOG	SHS	G4863A108	1,406	26,137	SH		SOLE		26,137	0	43,946
LIVANOVA PLC	COM	G5509L101	11,840	87,191	SH		SOLE		87,191	0	9,108
MARVELL TECHNOLOGY GROUP LTD	ORD	G5876H105	2,742	41,783	SH		SOLE		41,783	0	100,285
NABORS INDUSTRIES LTD	SHS	G6359F103	166	26,903	SH		SOLE		26,903	0	0
NOBLE CORP PLC	SHS USD	G65431101	14,644	1,895,240	SH		SOLE		1,895,240	0	194,764
OXFORD IMMUNOTEC GLOBAL PLC	ORD SHS	G6855A103	4,403	271,280	SH		SOLE		271,280	0	0
TRITON INTL LTD	COM	G9078F107	11,394	298,624	SH		SOLE		298,624	0	44,951
VENATOR MATLS PLC	COM	G9329Z100	2,551	261,041	SH		SOLE		261,041	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	3,011	87,972	SH		SOLE		87,972	0	128,389
INTERXION HOLDING N.V	SHS	N47279109	11,601	156,499	SH		SOLE		156,499	0	16,353
WRIGHT MED GROUP N V	COM	N96617118	18,870	516,712	SH		SOLE		516,712	0	136,620
ARDMORE SHIPPING CORP	COM	Y0207T100	1,134	174,468	SH		SOLE		174,468	0	0