-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DzynE96Z9qkAXEy7wuF6XN7kJzhS574laNEEf3JaKwJnLln9yfsgT+MRWmopb4Mx VzEJnjamGmN4sk01Bjww2A== 0001158202-08-000008.txt : 20080411 0001158202-08-000008.hdr.sgml : 20080411 20080411160843 ACCESSION NUMBER: 0001158202-08-000008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080411 DATE AS OF CHANGE: 20080411 EFFECTIVENESS DATE: 20080411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENN CAPITAL MANAGEMENT CO INC CENTRAL INDEX KEY: 0001158202 IRS NUMBER: 222796848 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11296 FILM NUMBER: 08752388 BUSINESS ADDRESS: STREET 1: 457 HADDONFIELD ROAD, STE. 210 CITY: CHERRY HILL STATE: NJ ZIP: 08002 BUSINESS PHONE: 8569107670 MAIL ADDRESS: STREET 1: 457 HADDONFIELD ROAD, STE. 210 CITY: CHERRY HILL STATE: NJ ZIP: 08002 13F-HR 1 i08filing.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13 FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: MARCH 31, 2008 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: PENN Capital Management Co, Inc. Address: 457 Haddonfield Road, Suite 210, Cherry Hill, NJ 08002 Form 13F File Number: 28-00015 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Eric J. Green Title: Director of Research Phone: 856-910-8181 Signature, Place, and Date of Signing: Eric J. Green Cherry Hill, New Jersey APRIL 10, 2008 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 233 Form 13F Information Table Value Total: $2,908,056 List of Other Included Managers: NONE Issuer Class CUSIP Value Shrs/ SH/ PUT/ Inv. Other Vot. Authority (x1000) PRN AMT PRN CALL Discretion Managers Sole Shared None * GLOBAL CROSSING LTD SHS NEW G3921A 17 5 9,667 637,673 SH SOLE 637,673 HERBALIFE LTD COM USD SHS G4412G 10 1 8,158 171,746 SH SOLE 171,746 MARVELL TECH GRP LTD ORD G5876H 10 5 8,126 746,765 SH SOLE 746,765 MONTPELIER RE HLDGS LTD SHS G62185 10 6 19,100 1,189,988 SH SOLE 1,189,988 NABORS INDUSTRIES LTD SHS G6359F 10 3 5,995 177,516 SH SOLE 177,516 NOBLE CORPORATION SHS G65422 10 0 9,908 199,487 SH SOLE 199,487 RENAISSANCERE HOLDINGS LTD COM G7496G 10 3 21,887 421,619 SH SOLE 421,619 MILLICOM INTL CELLULAR S A SHS L6388F 11 0 19,337 204,508 SH SOLE 204,508 BOYD GAMING CORP COM 103304 10 1 16,904 845,202 SH SOLE 845,202 BROADCOM CORP CL A 111320 10 7 11,250 583,797 SH SOLE 583,797 BROCADE COMM SYS I COM 111621 30 6 12,845 1,759,555 SH SOLE 1,759,555 CALPINE CORP COM NEW 131347 30 4 5,343 290,040 SH SOLE 290,040 CARMIKE CINEMAS INC COM 143436 40 0 169 16,445 SH SOLE 16,445 CASCADE BANCORP COM 147154 10 8 115 12,000 SH SOLE 12,000 * CERADYNE INC COM 156710 10 5 22,301 697,777 SH SOLE 697,777 CERADYNE INC NOTE 156710 AA 3 63 70,000 PRN SOLE 70,000 * CERNER CORP COM 156782 10 4 19,052 511,055 SH SOLE 511,055 CHEESECAKE FACTORY INC COM 163072 10 1 7,556 346,769 SH SOLE 346,769 CHESAPEAKE ENERGY CORP COM 165167 10 7 11,627 251,938 SH SOLE 251,938 CHOICE HOTELS INTL INC COM 169905 10 6 11,816 346,392 SH SOLE 346,392 CHURCH & DWIGHT INC COM 171340 10 2 7,708 142,107 SH SOLE 142,107 CINCINNATI BELL INC COM 171871 10 6 11,225 2,634,983 SH SOLE 2,634,983 CITY NATL CORP COM 178566 10 5 4,202 84,947 SH SOLE 84,947 COACH INC COM 189754 10 4 3,080 102,189 SH SOLE 102,189 COLONIAL BANCGROUP INC COM 195493 30 9 12,214 1,268,196 SH SOLE 1,268,196 COMMSCOPE INC COM 203372 10 7 26,985 774,809 SH SOLE 774,809 COMSTOCK RES INC COM NEW 205768 20 3 43,578 1,081,357 SH SOLE 1,081,357 CONEXANT SYSTEMS INC NOTE 207142 AH 3 1,093 1,560,000 PRN SOLE 1,560,000 CONTINENTAL AIRLS INC CL B 210795 30 8 9,784 508,792 SH SOLE 508,792 * CONTINENTAL RESOURCES INC COM 212015 10 1 8,393 263,187 SH SOLE 263,187 COVAD COMMUNICATIONS GROUP I COM 222814 20 4 26 27,010 SH SOLE 27,010 CROWN CASTLE INTL CORP COM 228227 10 4 12,305 356,787 SH SOLE 356,787 DELEK US HLDGS INC COM 246647 10 1 180 14,170 SH SOLE 14,170 DIALYSIS CORP AMER COM 252529 10 2 193 26,460 SH SOLE 26,460 DOLLAR FINL CORP COM 256664 10 3 7,838 340,766 SH SOLE 340,766 ELECTRONIC ARTS INC COM 285512 10 9 5,469 109,545 SH SOLE 109,545 EXPRESS SCRIPTS INC COM 302182 10 0 11,027 171,442 SH SOLE 171,442 FAIRPOINT COMMUNICATIONS INC COM 305560 10 4 127 14,085 SH SOLE 14,085 FIRST HORIZON NATL CORP COM 320517 10 5 5,514 393,594 SH SOLE 393,594 FISERV INC COM 337738 10 8 5,014 104,266 SH SOLE 104,266 FOREST LABS INC COM 345838 10 6 8,357 208,877 SH SOLE 208,877 GASCO ENERGY INC COM 367220 10 0 14,424 5,911,501 SH SOLE 5,911,501 GAYLORD ENTMT CO NEW COM 367905 10 6 27,074 893,802 SH SOLE 893,802 GENERAL CABLE CORP DEL NEW NOTE 369300 AD 0 68 50,000 PRN SOLE 50,000 GENERAL CABLE CORP DEL NEW COM 369300 10 8 32,748 554,413 SH SOLE 554,413 * GLOBAL CASH ACCESS HLDGS INC COM 378967 10 3 534 91,045 SH SOLE 91,045 GOODRICH CORP COM 382388 10 6 9,486 164,951 SH SOLE 164,951 GOODRICH PETE CORP COM NEW 382410 40 5 221 7,345 SH SOLE 7,345 GREY WOLF INC COM 397888 10 8 91 13,373 SH SOLE 13,373 GUESS INC COM 401617 10 5 7,176 177,310 SH SOLE 177,310 * HAIN CELESTIAL GROUP INC COM 405217 10 0 24,998 847,357 SH SOLE 847,357 HAYES LEMMERZ INTL INC COM NEW 420781 30 4 71 25,540 SH SOLE 25,540 HAYNES INTERNATIONAL INC COM NEW 420877 20 1 558 10,175 SH SOLE 10,175 HEALTHEXTRAS INC COM 422211 10 2 16,575 667,271 SH SOLE 667,271 * HEALTHWAYS INC COM 422245 10 0 26,835 759,346 SH SOLE 759,346 HELMERICH & PAYNE INC COM 423452 10 1 22,962 489,927 SH SOLE 489,927 HERCULES OFFSHORE INC COM 427093 10 9 29,429 1,171,536 SH SOLE 1,171,536 HERSHEY CO COM 427866 10 8 211 5,600 SH SOLE 5,600 HEXCEL CORP NEW COM 428291 10 8 12,130 634,734 SH SOLE 634,734 HOLLY CORP COM 435758 30 5 17,782 409,633 SH SOLE 409,633 HORSEHEAD HLDG CORP COM 440694 30 5 6,256 540,208 SH SOLE 540,208 HUB GROUP INC CL A 443320 10 6 9,344 284,100 SH SOLE 284,100 HUNT J B TRANS SVCS INC COM 445658 10 7 16,922 538,351 SH SOLE 538,351 INDYMAC BANCORP INC COM 456607 10 0 131 26,314 SH SOLE 26,314 INTEGRA LIFESCIENCES HLDGS COM 457985 20 8 10,528 242,181 SH SOLE 242,181 INTL GAME TECH COM 459902 10 2 7,535 187,387 SH SOLE 187,387 ISLE OF CAPRI CASINOS INC COM 464592 10 4 5,037 704,515 SH SOLE 704,515 JACK IN THE BOX INC COM 466367 10 9 14,360 534,432 SH SOLE 534,432 JARDEN CORP COM 471109 10 8 7,436 342,047 SH SOLE 342,047 * K-SWISS INC CL A 482686 10 2 252 15,900 SH SOLE 15,900 KANSAS CITY SOUTHERN COM 485170 30 2 52,310 1,304,172 SH SOLE 1,304,172 KIRBY CORP COM 497266 10 6 6,289 110,342 SH SOLE 110,342 LADISH INC COM NEW 505754 20 0 394 10,940 SH SOLE 10,940 LANDAMERICA FINL GROUP INC COM 514936 10 3 13,019 329,827 SH SOLE 329,827 LEAP WIRELESS INTL INC COM 521863 30 8 53,241 1,142,481 SH SOLE 1,142,481 LODGENET INTERACTIVE CORP COM 540211 10 9 92 15,165 SH SOLE 15,165 LUCENT TECHNOLOGIES INC DBCV 549463 AG 2 72 80,000 PRN SOLE 80,000 MAGELLAN HLTH SVCS INC COM NEW 559079 20 7 39,626 998,372 SH SOLE 998,372 MARATHON ACQUISITION CORP UNIT 565756 20 2 214 25,525 SH SOLE 25,525 MARSHALL & ILSLEY CORP COM 571837 10 3 28,179 1,214,609 SH SOLE 1,214,609 MARRIOTT INTL INC NEW CL A 571903 20 2 309 8,995 SH SOLE 8,995 MARTEK BIOSCIENCES CORP COM 572901 10 6 10,503 343,541 SH SOLE 343,541 * MICROS SYS INC COM 594901 10 0 12,677 376,608 SH SOLE 376,608 MICRON TECHNOLOGY INC COM 595112 10 3 16,029 2,685,022 SH SOLE 2,685,022 MICROSEMI CORP COM 595137 10 0 14,493 635,647 SH SOLE 635,647 MUELLER WTR PRODS INC COM 624758 20 7 119 15,040 SH SOLE 15,040 NBTY INC COM 628782 10 4 52,874 1,765,437 SH SOLE 1,765,437 NRG ENERGY INC COM NEW 629377 50 8 9,736 249,713 SH SOLE 249,713 NASDAQ OMX GROUP INC COM 631103 10 8 38,379 992,742 SH SOLE 992,742 NATIONAL CINEMEDIA INC COM 635309 10 7 13,132 584,160 SH SOLE 584,160 NAVIGATORS GROUP INC COM 638904 10 2 566 10,412 SH SOLE 10,412 NEWALLIANCE BANCSHARES INC COM 650203 10 2 9,523 776,743 SH SOLE 776,743 * NORDSTROM INC COM 655664 10 0 4,882 149,764 SH SOLE 149,764 * NOVELL INC COM 670006 10 5 14,709 2,338,521 SH SOLE 2,338,521 OIL STS INTL INC COM 678026 10 5 10,114 225,703 SH SOLE 225,703 * OMNICARE INC COM 681904 10 8 9,376 516,284 SH SOLE 516,284 OMNICARE INC DBCV 681904 AL 2 67 100,000 PRN SOLE 100,000 ON SEMICONDUCTOR CORP COM 682189 10 5 44,594 7,851,130 SH SOLE 7,851,130 ORBITAL SCIENCES CORP COM 685564 10 6 10,402 431,598 SH SOLE 431,598 PAETEC HOLDING CORP COM 695459 10 7 12,227 1,835,725 SH SOLE 1,835,725 PEABODY ENERGY CORP SDCV 704549 AG 9 115 100,000 PRN SOLE 100,000 PENN NATL GAMING INC COM 707569 10 9 445 10,175 SH SOLE 10,175 PEOPLES UNITED FINL INC COM 712704 10 5 14,851 857,983 SH SOLE 857,983 PETROHAWK ENERGY CORP COM 716495 10 6 33,014 1,636,731 SH SOLE 1,636,731 PETSMART INC COM 716768 10 6 17,844 873,078 SH SOLE 873,078 PHILLIPS VAN HEUSEN CORP COM 718592 10 8 16,397 432,429 SH SOLE 432,429 PINNACLE ENTMT INC COM 723456 10 9 41,069 3,208,471 SH SOLE 3,208,471 POWERWAVE TECHNOLOGIES INC COM 739363 10 9 93 36,620 SH SOLE 36,620 PRECISION CASTPARTS CORP COM 740189 10 5 5,746 56,288 SH SOLE 56,288 QUANTUM CORP COM 747906 20 4 21 10,000 SH SOLE 10,000 RF MICRODEVICES INC COM 749941 10 0 4,154 1,561,410 SH SOLE 1,561,410 RF MICRODEVICES INC NOTE 749941 AJ 9 66 100,000 PRN SOLE 100,000 REGAL ENTMT GROUP CL A 758766 10 9 23,456 1,215,956 SH SOLE 1,215,956 ROWAN COS INC COM 779382 10 0 35,018 850,367 SH SOLE 850,367 RUBY TUESDAY INC COM 781182 10 0 427 56,960 SH SOLE 56,960 RUTHS CHRIS STEAK HSE INC COM 783332 10 9 118 17,065 SH SOLE 17,065 ST JUDE MED INC COM 790849 10 3 6,420 148,638 SH SOLE 148,638 SAVVIS INC NOTE 805423 AA 8 2,826 3,700,000 PRN SOLE 3,700,000 SAVVIS INC COM NEW 805423 30 8 41,960 2,578,982 SH SOLE 2,578,982 SEACOAST BKG CORP FLA COM 811707 30 6 556 50,810 SH SOLE 50,810 SELECTIVE INS GROUP INC COM 816300 10 7 12,356 517,433 SH SOLE 517,433 SOUTHWESTERN ENERGY CO COM 845467 10 9 21,292 631,995 SH SOLE 631,995 STAMPS COM INC COM NEW 852857 20 0 130 12,700 SH SOLE 12,700 STARBUCKS CORP COM 855244 10 9 6,728 384,473 SH SOLE 384,473 SUN HEALTHCARE GROUP INC COM NEW 866933 40 1 171 12,990 SH SOLE 12,990 TCF FINL CORP COM 872275 10 2 12,321 687,540 SH SOLE 687,540 THQ INC COM NEW 872443 40 3 9,521 436,779 SH SOLE 436,779 * TEREX CORP NEW COM 880779 10 3 4,917 78,657 SH SOLE 78,657 TERREMARK WRLDWIDE INC NOTE 881448 AC 8 152 150,000 PRN SOLE 150,000 TERREMARK WRLDWIDE INC COM 881448 20 3 10,873 1,984,220 SH SOLE 1,984,220 * TESORO CORP COM 881609 10 1 25,976 865,848 SH SOLE 865,848 TIME WARNER TELECOM CL A 887319 10 1 31,173 2,012,457 SH SOLE 2,012,457 TITANIUM METALS CORP COM 888339 20 7 26,529 1,762,656 SH SOLE 1,762,656 TRANSACT TECHNOLOGIES INC COM 892918 10 3 116 23,585 SH SOLE 23,585 TRIUMPH GROUP INC NEW COM 896818 10 1 7,701 135,276 SH SOLE 135,276 TRIZETTO GROUP INC NOTE 896882 AD 9 59 60,000 PRN SOLE 60,000 TRIZETTO GROUP INC COM 896882 10 7 14,566 872,654 SH SOLE 872,654 ULTRA PETROLEUM CORP COM 903914 10 9 10,409 134,308 SH SOLE 134,308 UNITED STATES NATL GAS FUND UNIT 912318 10 2 1,670 34,440 SH SOLE 34,440 UNIVERSAL HLTH SVCS INC CL B 913903 10 0 26,137 486,815 SH SOLE 486,815 WASHINGTON MUT INC COM 939322 10 3 2,859 277,549 SH SOLE 277,549 WILLBROS GROUP INC COM 969199 10 8 350 11,445 SH SOLE 11,445 YAHOO INC COM 984332 10 6 257 8,900 SH SOLE 8,900 ACTUATE CORP COM 00508B 10 2 118 28,660 SH SOLE 28,660 ADVANCED MED OPTICS INC COM 00763M 10 8 34,198 1,684,614 SH SOLE 1,684,614 ADVANCED MED OPTICS INC NOTE 00763M AK 4 73 100,000 PRN SOLE 100,000 AFFILIATED MANAGERS GROUP COM 008252 10 8 12,617 139,045 SH SOLE 139,045 AKAMAI TECHNOLOGIES INC COM 00971T 10 1 15,875 563,716 SH SOLE 563,716 ALLEGHANY CORP DEL COM 017175 10 0 25,908 75,865 SH SOLE 75,865 * ALLEGHENY TECH INC COM 01741R 10 2 31,938 447,560 SH SOLE 447,560 ALPHARMA INC CL A 020813 10 1 11,673 445,368 SH SOLE 445,368 AMERICAN EAGLE OUTFIT COM 02553E 10 6 23,277 1,329,351 SH SOLE 1,329,351 AMERICAN TOWER CORP CL A 029912 20 1 11,202 285,677 SH SOLE 285,677 AMERICREDIT CORP NOTE 03060R AR 2 28 50,000 PRN SOLE 50,000 AMERISTAR CASINOS INC COM 03070Q 10 1 27,947 1,531,306 SH SOLE 1,531,306 ARCH COAL INC COM 039380 10 0 37,443 860,752 SH SOLE 860,752 * ARIBA INC COM NEW 04033V 20 3 13,631 1,411,101 SH SOLE 1,411,101 ASSURANT INC COM 04621X 10 8 9,835 161,592 SH SOLE 161,592 ATWOOD OCEANICS INC COM 050095 10 8 16,481 179,676 SH SOLE 179,676 * AVANEX CORP COM 05348W 10 9 90 127,325 SH SOLE 127,325 BALLY TECHNOLOGIES INC COM 05874B 10 7 32,788 954,804 SH SOLE 954,804 BANKUNITED FINL CORP CL A 06652B 10 3 223 44,590 SH SOLE 44,590 BARR PHARMACEUTICALS INC COM 068306 10 9 29,459 609,763 SH SOLE 609,763 BARRETT BILL CORP COM 06846N 10 4 23,235 491,741 SH SOLE 491,741 BASIC ENERGY SVCS INC NEW COM 06985P 10 0 209 9,455 SH SOLE 9,455 BE AEROSPACE INC COM 073302 10 1 364 10,405 SH SOLE 10,405 BELDEN INC COM 077454 10 6 48,110 1,362,103 SH SOLE 1,362,103 BOOKHAM INC COM 09856E 10 5 4,908 3,582,081 SH SOLE 3,582,081 CKE RESTAURANTS INC COM 12561E 10 5 120 10,700 SH SOLE 10,700 CANADIAN PAC RY LTD COM 13645T 10 0 5,673 88,245 SH SOLE 88,245 CENTENNIAL COMM CORP N CL 15133V 20 8 1,089 184,185 SH SOLE 184,185 CHART INDS INC COM 16115Q 30 8 11,975 353,881 SH SOLE 353,881 CINEMARK HOLDINGS INC COM 17243V 10 2 8,801 688,075 SH SOLE 688,075 CITIZENS COMM CO COM 17453B 10 1 14,683 1,399,812 SH SOLE 1,399,812 * COINSTAR INC COM 19259P 30 0 9,374 333,117 SH SOLE 333,117 COLLECTIVE BRANDS INC COM 19421W 10 0 10,550 870,424 SH SOLE 870,424 CORRECTIONS CORP AMER NEW COM 22025Y 40 7 3,671 133,379 SH SOLE 133,379 DRS TECHNOLOGIES INC COM 23330X 10 0 17,584 301,717 SH SOLE 301,717 * DAVITA INC COM 23918K 10 8 32,969 690,325 SH SOLE 690,325 DYNEGY INC DEL CL A 26817G 10 2 42,822 5,427,393 SH SOLE 5,427,393 FELCOR LODGING TR INC PFD 31430F 20 0 307 15,600 SH SOLE 15,600 FELCOR LODGING TR INC COM 31430F 10 1 34,975 2,907,344 SH SOLE 2,907,344 FIDELITY NATL FINL CL A 31620R 10 5 21,738 1,185,949 SH SOLE 1,185,949 FINISAR COM 31787A 10 1 21,247 16,598,640 SH SOLE 16,598,640 FOUNDATION COAL HLDGS INC COM 35039W 10 0 16,148 320,853 SH SOLE 320,853 GEO GROUP INC COM 36159R 10 3 5,113 179,792 SH SOLE 179,792 GLOBAL PMTS INC COM 37940X 10 2 32,679 790,089 SH SOLE 790,089 HOST HOTELS & RESORTS INC COM 44107P 10 4 11,799 741,182 SH SOLE 741,182 * INTERCON EXCHANGE INC COM 45865V 10 0 6,570 50,345 SH SOLE 50,345 INTERNAP NETWORK SVCS CORP COM 45885A 30 0 129 26,025 SH SOLE 26,025 INTERNATIONAL COAL GRP INC N COM 45928H 10 6 153 24,074 SH SOLE 24,074 INTERSTATE HOTELS & RESRTS I COM 46088S 10 6 137 28,725 SH SOLE 28,725 ION MEDIA NETWORKS INC NOTE 46205A AB 9 8 27,294 PRN SOLE 27,294 * KBR INC COM 48242W 10 6 25,858 932,519 SH SOLE 932,519 LAB CORP AMER HLDGS COM NEW 50540R 40 9 34,970 474,614 SH SOLE 474,614 LEVEL 3 COMM COM 52729N 10 0 29,661 13,991,297 SH SOLE 13,991,297 LEVEL 3 COMM INC NOTE 52729N BA 7 70 100,000 PRN SOLE 100,000 MARVEL ENTERTAINMENT INC COM 57383T 10 3 12,728 475,125 SH SOLE 475,125 MIRANT CORP NEW COM 60467R 10 0 36,699 1,008,524 SH SOLE 1,008,524 NII HLDGS INC NOTE 62913F AF 9 55 55,000 PRN SOLE 55,000 NII HLDGS INC CL B 62913F 20 1 41,576 1,308,247 SH SOLE 1,308,247 NATL FINL PARTNERS CORP COM 63607P 20 8 19,500 867,775 SH SOLE 867,775 NATL FINL PARTNERS CORP NOTE 63607P AA 7 35 50,000 PRN SOLE 50,000 NAVISITE INC COM NEW 63935M 20 8 100 45,200 SH SOLE 45,200 NOVAMED INC DEL COM 66986W 10 8 94 24,740 SH SOLE 24,740 NTELOS HLDGS CORP COM 67020Q 10 7 572 23,630 SH SOLE 23,630 OPNEXT INC COM 68375V 10 5 117 21,380 SH SOLE 21,380 PMC-SIERRA INC NOTE 69344F AD 8 59 60,000 PRN SOLE 60,000 PMC-SIERRA INC COM 69344F 10 6 43,931 7,707,262 SH SOLE 7,707,262 PANERA BREAD CO CL A 69840W 10 8 9,034 215,656 SH SOLE 215,656 PRIDE INTL INC DEL NOTE 74153Q AD 4 62 45,000 PRN SOLE 45,000 PRIDE INTL INC DEL COM 74153Q 10 2 26,754 765,486 SH SOLE 765,486 PROGRESSIVE GAMING INTL CORP COM 74332S 10 2 145 68,330 SH SOLE 68,330 * PROSHARES TR MTRL 74347R 65 1 1,069 27,100 SH SOLE 27,100 QUEST DIAGNOSTICS INC COM 74834L 10 0 10,445 230,731 SH SOLE 230,731 RTI INTL METALS INC COM 74973W 10 7 41,769 923,870 SH SOLE 923,870 RANGE RES CORP COM 75281A 10 9 6,902 108,774 SH SOLE 108,774 REGIONS FINANCIAL CORP NEW COM 7591EP 10 0 3,023 153,090 SH SOLE 153,090 RELIANT ENERGY INC COM 75952B 10 5 33,055 1,397,636 SH SOLE 1,397,636 SBA COMM CORP COM 78388J 10 6 52,940 1,774,767 SH SOLE 1,774,767 SBA COMM CORP NOTE 78388J AJ 5 106 100,000 PRN SOLE 100,000 SCIENTIFIC GAMES CORP CL A 80874P 10 9 7,355 348,423 SH SOLE 348,423 SCIENTIFIC GAMES CORP SDCV 80874P AD 1 55 55,000 PRN SOLE 55,000 SKILLED HEALTHCARE GROUP INC CL A 83066R 10 7 157 14,310 SH SOLE 14,310 SYNOVUS FINL CORP COM 87161C 10 5 14,329 1,295,607 SH SOLE 1,295,607 TEXAS CAPITAL BANCSHARES INC COM 88224Q 10 7 411 24,335 SH SOLE 24,335 TITAN INTL INC ILL COM 88830M 10 2 8,820 288,163 SH SOLE 288,163 U S AIRWAYS GROUP INC COM 90341W 10 8 573 64,325 SH SOLE 64,325 UNITED CMNTY BKS BLAIRSVLE CAP STK 90984P 10 5 548 32,260 SH SOLE 32,260 * VALUECLICK INC COM 92046N 10 2 16,643 964,793 SH SOLE 964,793 VARIAN MED SYS INC COM 92220P 10 5 6,448 137,668 SH SOLE 137,668 WELLCARE HEALTH PLANS INC COM 94946T 10 6 5,999 154,000 SH SOLE 154,000 WYNDHAM WORLDWIDE CORP COM 98310W 10 8 17,736 857,639 SH SOLE 857,639 TOTAL 2,908,056 -----END PRIVACY-ENHANCED MESSAGE-----