-----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, Er2V3e12yRhKUdG0jKl5U3Yrmklk/TBsP/pvyCRlS/RU40VfiqHmmPix2ER7tAQ+ c3RJY5Y8JEIr8sD14xmNag== 0001158202-09-000001.txt : 20090210 0001158202-09-000001.hdr.sgml : 20090210 20090210090637 ACCESSION NUMBER: 0001158202-09-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081231 FILED AS OF DATE: 20090210 DATE AS OF CHANGE: 20090210 EFFECTIVENESS DATE: 20090210 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: 09583529 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 iv08filing.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: December 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: 28-00019 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 February 10, 2009 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: 245 Form 13F Information Table Value Total: $1,577,871 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 G3921A 17 5 4,269 537,628 SH SOLE 537,628 HERBALIFE LTD COM G4412G 10 1 3,040 140,223 SH SOLE 140,223 MAIDEN HOLDINGS LTD SHS G5753U 11 2 212 67,856 SH SOLE 67,856 MARVELL TECH GRP LTD ORD G5876H 10 5 15,859 2,377,782 SH SOLE 2,377,782 RENAISSANCERE HLDGS LTD COM G7496G 10 3 15,818 306,764 SH SOLE 306,764 * SEAGATE TECHNOLOGY SHS G7945J 10 4 862 194,557 SH SOLE 194,557 * ACE LTD SHS H0023R 10 5 3,497 66,069 SH SOLE 66,069 * MILLICOM INTL CEL S A SHS L6388F 11 0 24,614 548,079 SH SOLE 548,079 CERAGON NETWORKS LTD ORD M22013 10 2 209 41,358 SH SOLE 41,358 A D C TELECOM COM 000886 30 9 11,189 2,045,301 SH SOLE 2,045,301 ADV MED OPTICS INC NOTE 00763M AK 4 1,776 4,600,000 PRN SOLE 4,600,000 AIRTRAN HLDGS INC COM 00949P 10 8 152 34,251 SH SOLE 34,251 * AKAMAI TECH INC COM 00971T 10 1 16,394 1,086,331 SH SOLE 1,086,331 ALLEGHANY CORP DEL COM 017175 10 0 19,019 67,440 SH SOLE 67,440 * ALLEGHENY TECH INC COM 01741R 10 2 15,923 623,650 SH SOLE 623,650 ALPHARMA INC NOTE 020813 AH 4 76 60,000 PRN SOLE 60,000 AMERICAN CAPITAL AGENCY CORP COM 02503X 10 5 241 11,264 SH SOLE 11,264 AMERICAN COMMERCIAL LINES COM 025195 20 7 216 44,000 SH SOLE 44,000 AMERICAN ELEC PWR INC COM 025537 10 1 3,781 113,610 SH SOLE 113,610 AMERICAN FINL GRP INC OHIO COM 025932 10 4 2,321 101,432 SH SOLE 101,432 AMERICAN TOWER CORP CL A 029912 20 1 6,605 225,273 SH SOLE 225,273 * AMERISTAR CASINOS INC COM 03070Q 10 1 6,198 717,356 SH SOLE 717,356 * AMERISOURCEBERGEN CORP COM 03073E 10 5 23,444 657,440 SH SOLE 657,440 ARCH COAL INC COM 039380 10 0 17,290 1,061,403 SH SOLE 1,061,403 ARIBA INC COM 04033V 20 3 199 27,552 SH SOLE 27,552 ARUBA NETWORKS INC COM 043176 10 6 385 150,923 SH SOLE 150,923 ASSURANT INC COM 04621X 10 8 5,050 168,324 SH SOLE 168,324 ASTORIA FINL CORP COM 046265 10 4 3,893 236,275 SH SOLE 236,275 ATWOOD OCEANICS INC COM 050095 10 8 218 14,295 SH SOLE 14,295 BALLY TECH INC COM 05874B 10 7 18,048 751,084 SH SOLE 751,084 BANCORPSOUTH INC COM 059692 10 3 5,220 223,444 SH SOLE 223,444 BARRETT BILL CORP COM 06846N 10 4 11,317 535,557 SH SOLE 535,557 BARRETT BILL CORP NOTE 06846N AA 2 29 40,000 PRN SOLE 40,000 BELDEN INC COM 077454 10 6 19,359 927,134 SH SOLE 927,134 BERKSHIRE HILLS BANCORP INC COM 084680 10 7 204 6,619 SH SOLE 6,619 BIO RAD LABS INC CL A 090572 20 7 5,829 77,400 SH SOLE 77,400 BIO-REFERENCE LABS INC COM 09057G 60 2 420 15,996 SH SOLE 15,996 BLUE COAT SYS INC COM NEW 09534T 50 8 9,414 1,120,799 SH SOLE 1,120,799 BOSTON PRIVATE FINL HLDGS IN COM 101119 10 5 307 44,823 SH SOLE 44,823 BOYD GAMING CORP COM 103304 10 1 234 49,367 SH SOLE 49,367 BROADCOM CORP CL A 111320 10 7 11,341 668,300 SH SOLE 668,300 BUCYRUS INTL INC NEW COM 118759 10 9 6,287 339,473 SH SOLE 339,473 BURGER KING HLDGS INC COM 121208 20 1 3,551 148,720 SH SOLE 148,720 CKE RESTAURANTS INC COM 12561E 10 5 169 19,457 SH SOLE 19,457 CLECO CORP NEW COM 12561W 10 5 5,845 256,027 SH SOLE 256,027 CANADIAN PAC RY LTD COM 13645T 10 0 4,626 137,563 SH SOLE 137,563 CARMIKE CINEMAS INC COM 143436 40 0 347 95,028 SH SOLE 95,028 CARPENTER TECHNOLOGY CORP COM 144285 10 3 227 11,074 SH SOLE 11,074 CARRIZO OIL & CO INC NOTE 144577 AA 1 1,905 4,200,000 PRN SOLE 4,200,000 CARROLS RESTAURANT GROUP INC COM 14574X 10 4 299 110,821 SH SOLE 110,821 CATALYST HLTH SOL IN COM 14888B 10 3 10,334 424,361 SH SOLE 424,361 CENTENNIAL COM CORP N CL A 15133V 20 8 1,018 126,296 SH SOLE 126,296 CNTRAL EURO DIST CORP COM 153435 10 2 1,508 76,535 SH SOLE 76,535 CNTRAL EURO DIST CORP NOTE 153435 AA 0 1,299 2,500,000 PRN SOLE 2,500,000 CENTURY ALUM CO COM 156431 10 8 10,133 1,013,182 SH SOLE 1,013,182 CENTURY ALUM CO NOTE 156431 AE 8 3,677 6,450,000 PRN SOLE 6,450,000 * CEPHALON INC COM 156708 10 9 10,696 138,848 SH SOLE 138,848 * CERNER CORP COM 156782 10 4 20,860 542,505 SH SOLE 542,505 CHEESECAKE FACTORY INC COM 163072 10 1 205 20,331 SH SOLE 20,331 CHESAPEAKE ENERGY CORP COM 165167 10 7 2,441 150,921 SH SOLE 150,921 CHIPOTLE MEX GRILL INC CL A 169656 10 5 15,239 245,876 SH SOLE 245,876 * CIENA CORP COM NEW 171779 30 9 9,743 1,454,067 SH SOLE 1,454,067 CINCINNATI BELL INC NEW COM 171871 10 6 263 136,418 SH SOLE 136,418 CINEMARK HOLDINGS INC COM 17243V 10 2 330 44,405 SH SOLE 44,405 CITY NATL CORP COM 178566 10 5 5,430 111,492 SH SOLE 111,492 COACH INC COM 189754 10 4 6,173 297,246 SH SOLE 297,246 * COINSTAR INC COM 19259P 30 0 5,642 289,163 SH SOLE 289,163 COLLECTIVE BRANDS INC COM 19421W 10 0 4,571 390,018 SH SOLE 390,018 COLONIAL BANCGROUP INC COM 195493 30 9 255 123,417 SH SOLE 123,417 COMMSCOPE INC COM 203372 10 7 10,038 645,935 SH SOLE 645,935 COMSTOCK RES INC COM NEW 205768 20 3 28,108 594,860 SH SOLE 594,860 * CON-WAY INC COM 205944 10 1 341 12,822 SH SOLE 12,822 CONEXANT SYS INC NOTE 207142 AH 3 2,318 4,560,000 PRN SOLE 4,560,000 CONSOLIDATED COMM HLDGS INC COM 209034 10 7 344 28,915 SH SOLE 28,915 CONSTELLATION BRANDS INC CL A 21036P 10 8 3,397 215,356 SH SOLE 215,356 * CONTINENTAL RES INC COM 212015 10 1 11,594 559,845 SH SOLE 559,845 C SUISSE HIGH YLD BND SH 22544F 10 3 163 105,000 SH SOLE 105,000 CROWN CASTLE INTL CORP COM 228227 10 4 20,471 1,164,454 SH SOLE 1,164,454 * CULLEN FROST BANKERS INC COM 229899 10 9 2,944 58,065 SH SOLE 58,065 * CURTISS WRIGHT CORP COM 231561 10 1 5,756 172,385 SH SOLE 172,385 CYPRESS BIOSCIENCES INC COM 232674 50 7 251 36,757 SH SOLE 36,757 * DAVITA INC COM 23918K 10 8 25,158 507,530 SH SOLE 507,530 DELTA AIR INC DEL COM NEW 247361 70 2 3,827 334,039 SH SOLE 334,039 DIALYSIS CORP AMER COM 252529 10 2 554 79,158 SH SOLE 79,158 DR PEPPER SNAPPLE GRP INC COM 26138E 10 9 1,880 115,653 SH SOLE 115,653 DYNEGY INC DEL CL A 26817G 10 2 4,434 2,216,833 SH SOLE 2,216,833 EDISON INTL COM 281020 10 7 4,609 143,499 SH SOLE 143,499 ELECTRONIC ARTS INC COM 285512 10 9 2,636 164,343 SH SOLE 164,343 ENERGIZER HLDGS INC COM 29266R 10 8 16,246 300,085 SH SOLE 300,085 EXPRESS SCRIPTS INC COM 302182 10 0 7,460 135,670 SH SOLE 135,670 FAIRCHILD SEMI INTL COM 303726 10 3 4,334 886,144 SH SOLE 886,144 * FELCOR LODGING TR INC COM 31430F 10 1 312 169,826 SH SOLE 169,826 FIFTH THIRD BANCORP COM 316773 10 0 11,116 1,345,732 SH SOLE 1,345,732 * FINISAR COM 31787A 10 1 7,395 19,460,147 SH SOLE 19,460,147 FIRST HORIZON NATL CORP COM 320517 10 5 9,724 920,055 SH SOLE 920,055 FISERV INC COM 337738 10 8 4,376 120,351 SH SOLE 120,351 FOREST LABS INC COM 345838 10 6 5,850 229,712 SH SOLE 229,712 FOUNDATION COAL HLDGS INC COM 35039W 10 0 13,859 988,517 SH SOLE 988,517 FREEPORT-MCMORAN COPPER & GO COM 35671D 85 7 2,400 98,176 SH SOLE 98,176 FRONTIER COM CORP COM 35906A 10 8 11,963 1,368,818 SH SOLE 1,368,818 GAMESTOP CORP NEW CL A 36467W 10 9 7,382 340,830 SH SOLE 340,830 GASCO ENERGY INC COM 367220 10 0 1,544 3,957,948 SH SOLE 3,957,948 GAYLORD ENTMT CO NEW COM 367905 10 6 8,431 777,768 SH SOLE 777,768 GEN CABLE CORP DEL NEW COM 369300 10 8 20,752 1,173,101 SH SOLE 1,173,101 GEN CABLE CORP DEL NEW NOTE 369300 AD 0 29 50,000 PRN SOLE 50,000 GLOBAL CASH ACCESS HLDGS INC COM 378967 10 3 303 136,635 SH SOLE 136,635 GMX RES INC COM 38011M 10 8 279 11,037 SH SOLE 11,037 GOODRICH CORP COM 382388 10 6 4,578 123,658 SH SOLE 123,658 GOODRICH PETE CORP COM NEW 382410 40 5 9,405 314,014 SH SOLE 314,014 GUESS INC COM 401617 10 5 8,380 545,897 SH SOLE 545,897 * HAIN CELESTIAL GRP INC COM 405217 10 0 13,603 712,582 SH SOLE 712,582 * HARTFORD FINL SVCS GRP COM 416515 10 4 2,800 170,502 SH SOLE 170,502 HAYNES INTERNATIONAL INC COM NEW 420877 20 1 314 12,743 SH SOLE 12,743 * HEALTHWAYS INC COM 422245 10 0 15,672 1,365,237 SH SOLE 1,365,237 HEINZ H J CO COM 423074 10 3 5,242 139,432 SH SOLE 139,432 HENRY JACK & ASSOC INC COM 426281 10 1 5,208 268,361 SH SOLE 268,361 HEXCEL CORP NEW COM 428291 10 8 3,883 525,404 SH SOLE 525,404 HILLENBRAND INC COM 431571 10 8 291 17,436 SH SOLE 17,436 * HOLOGIC INC COM 436440 10 1 8,447 646,291 SH SOLE 646,291 HOLOGIC INC FRNT 436440 AA 9 6,550 10,690,000 PRN SOLE 10,690,000 HOSPITALITY PPTYS TR COM SH 44106M 10 2 352 23,662 SH SOLE 23,662 HOST HOTELS & RESORTS INC COM 44107P 10 4 2,757 364,094 SH SOLE 364,094 HUNT J B TRANS SVCS INC COM 445658 10 7 7,992 304,254 SH SOLE 304,254 INTEGRA LIFESCIENCES HLDGS COM 457985 20 8 8,937 251,239 SH SOLE 251,239 INTERCONTINENTALEXCHANGE INC COM 45865V 10 0 5,338 64,746 SH SOLE 64,746 INTERNAP NETWORK SVCS CORP COM 45885A 30 0 296 118,549 SH SOLE 118,549 * INTL COAL GRP INC N COM 45928H 10 6 294 127,919 SH SOLE 127,919 INTL COAL GRP INC N NOTE 45928H AD 8 570 1,000,000 PRN SOLE 1,000,000 INTL GAME TECHNOLOG DBCV 459902 AP 7 3,931 4,155,000 PRN SOLE 4,155,000 * ISHARES TR RUSSELL 464287 49 9 1,552 25,972 SH SOLE 25,972 * ISHARES TR RUSSELL 464287 65 5 3,699 75,118 SH SOLE 75,118 ISHARES TR HIGH YLD CORP 464288 51 3 1,232 16,205 SH SOLE 16,205 JACK IN THE BOX INC COM 466367 10 9 10,832 490,373 SH SOLE 490,373 JARDEN CORP COM 471109 10 8 5,938 516,396 SH SOLE 516,396 JETBLUE AIRWAYS CORP COM 477143 10 1 6,043 851,054 SH SOLE 851,054 KBR INC COM 48242W 10 6 26,730 1,758,449 SH SOLE 1,758,449 KANSAS CITY SOUTHERN COM NEW 485170 30 2 17,918 940,602 SH SOLE 940,602 * KENEXA CORP COM 488879 10 7 352 44,102 SH SOLE 44,102 KIRBY CORP COM 497266 10 6 4,519 165,174 SH SOLE 165,174 LAB CORP AMER HLDGS COM NEW 50540R 40 9 32,788 509,050 SH SOLE 509,050 LADISH INC COM NEW 505754 20 0 349 25,192 SH SOLE 25,192 LEAP WIRELESS INTL COM NEW 521863 30 8 20,088 747,071 SH SOLE 747,071 LIFE TIME FITNESS INC COM 53217R 20 7 3,554 274,482 SH SOLE 274,482 LINCOLN NATL CORP IND COM 534187 10 9 11,285 599,003 SH SOLE 599,003 LODGENET INTERACTIVE CORP COM 540211 10 9 305 435,377 SH SOLE 435,377 LUCENT TECHNOLOGIES INC DBCV 549463 AG 2 66 80,000 PRN SOLE 80,000 * MGM MIRAGE COM 552953 10 1 1,765 128,318 SH SOLE 128,318 MAGELLAN HLTH SVCS COM NEW 559079 20 7 38,722 988,820 SH SOLE 988,820 MARTEK BIOSCIENCES CORP COM 572901 10 6 5,524 182,247 SH SOLE 182,247 MARVEL ENTERTAINMENT INC COM 57383T 10 3 6,175 200,826 SH SOLE 200,826 * MICROS SYS INC COM 594901 10 0 4,286 262,654 SH SOLE 262,654 * MICRON TECHNOLOGY INC COM 595112 10 3 146 55,432 SH SOLE 55,432 * MICROSEMI CORP COM 595137 10 0 191 15,150 SH SOLE 15,150 MOVADO GROUP INC COM 624580 10 6 245 26,077 SH SOLE 26,077 NBTY INC COM 628782 10 4 30,657 1,958,870 SH SOLE 1,958,870 NII HLDGS INC CL 62913F 20 1 21,566 1,186,297 SH SOLE 1,186,297 NII HLDGS INC NOTE 62913F AJ 1 3,413 5,450,000 PRN SOLE 5,450,000 NABORS INDS INC NOTE 629568 AP 1 33 40,000 PRN SOLE 40,000 NASDAQ OMX GROUP INC COM 631103 10 8 17,429 705,407 SH SOLE 705,407 NATIONAL FINL PARTNERS CORP NOTE 63607P AA 7 32 125,000 PRN SOLE 125,000 NAVIGATORS GROUP INC COM 638904 10 2 420 7,656 SH SOLE 7,656 NETAPP INC COM 64110D 10 4 11,842 847,577 SH SOLE 847,577 NEWALLIANCE BANCSHARES INC COM 650203 10 2 6,175 468,855 SH SOLE 468,855 NEWELL RUBBERMAID INC COM 651229 10 6 8,161 834,375 SH SOLE 834,375 * NOVELL INC COM 670006 10 5 7,136 1,834,307 SH SOLE 1,834,307 OMNICARE INC DBCV 681904 AL 2 2,426 4,200,000 PRN SOLE 4,200,000 * OMNICELL INC COM 68213N 10 9 317 25,927 SH SOLE 25,927 ON SEMICONDUCTOR CORP COM 682189 10 5 16,256 4,780,865 SH SOLE 4,780,865 OPNEXT INC COM 68375V 10 5 192 109,590 SH SOLE 109,590 O REILLY AUTOMOTIVE INC COM 686091 10 9 17,532 570,310 SH SOLE 570,310 OWENS ILL INC COM NEW 690768 40 3 19,602 717,244 SH SOLE 717,244 PMC-SIERRA INC COM 69344F 10 6 15,544 3,198,072 SH SOLE 3,198,072 PACER INTL INC TENN COM 69373H 10 6 230 22,007 SH SOLE 22,007 PAETEC HOLDING CORP COM 695459 10 7 2,877 1,997,765 SH SOLE 1,997,765 PATRIOT COAL CORP COM 70336T 10 4 2,625 419,852 SH SOLE 419,852 PEABODY ENERGY CORP COM 704549 10 4 3,323 146,050 SH SOLE 146,050 PEABODY ENERGY CORP SDCV 704549 AG 9 62 100,000 PRN SOLE 100,000 PEDIATRIX MED GROUP COM 705324 10 1 4,064 128,194 SH SOLE 128,194 PEOPLES UNITED FINL INC COM 712704 10 5 15,323 859,491 SH SOLE 859,491 PETROHAWK ENERGY CORP COM 716495 10 6 15,433 987,329 SH SOLE 987,329 PETROQUEST ENERGY INC COM 716748 10 8 313 46,240 SH SOLE 46,240 PHILLIPS VAN HEUSEN CORP COM 718592 10 8 5,701 283,199 SH SOLE 283,199 PINNACLE ENTMT INC COM 723456 10 9 28,457 3,705,293 SH SOLE 3,705,293 POWERWAVE TECHNOLOGIES INC COM 739363 10 9 181 361,425 SH SOLE 361,425 PRECISION CASTPARTS CORP COM 740189 10 5 2,862 48,113 SH SOLE 48,113 PRIDE INTL INC DEL COM 74153Q 10 2 2,247 140,632 SH SOLE 140,632 PRUDENTIAL FINL INC COM 744320 10 2 4,275 141,306 SH SOLE 141,306 QUEST DIAGNOSTICS INC COM 74834L 10 0 9,558 184,120 SH SOLE 184,120 QWEST COM INTL IN NOTE 749121 BY 4 7,979 9,385,000 PRN SOLE 9,385,000 RTI BIOLOGICS INC COM 74975N 10 5 117 42,405 SH SOLE 42,405 RF MICRODEVICES INC COM 749941 10 0 9,588 12,291,511 SH SOLE 12,291,511 RALCORP HLDGS INC NEW COM 751028 10 1 4,006 68,600 SH SOLE 68,600 RANGE RES CORP COM 75281A 10 9 6,924 201,347 SH SOLE 201,347 RED ROBIN GOURMET BURGERS IN COM 75689M 10 1 190 11,279 SH SOLE 11,279 REGAL ENTMT GROUP CL A 758766 10 9 20,993 2,056,144 SH SOLE 2,056,144 REGIONS FINL CORP NEW COM 7591EP 10 0 11,125 1,397,632 SH SOLE 1,397,632 REPUBLIC SVCS INC COM 760759 10 0 5,843 235,700 SH SOLE 235,700 RIGHTNOW TECHNOLOGIES INC COM 76657R 10 6 184 23,755 SH SOLE 23,755 RIVERBED TECHNOLOGY INC COM 768573 10 7 7,070 620,700 SH SOLE 620,700 ROCKWELL COLLINS INC COM 774341 10 1 3,586 91,733 SH SOLE 91,733 SBA COM CORP COM 78388J 10 6 32,779 2,008,529 SH SOLE 2,008,529 SBA COM CORP NOTE 78388J AJ 5 79 100,000 PRN SOLE 100,000 ST JUDE MED INC COM 790849 10 3 4,895 148,506 SH SOLE 148,506 SANDRIDGE ENERGY INC COM 80007P 30 7 2,341 380,638 SH SOLE 380,638 SAVVIS INC COM NEW 805423 30 8 17,579 2,551,283 SH SOLE 2,551,283 SAVVIS INC NOTE 805423 AA 8 2,330 5,200,000 PRN SOLE 5,200,000 * SCANA CORP NEW COM 80589M 10 2 6,784 190,569 SH SOLE 190,569 SCIENTIFIC GAMES CORP CL A 80874P 10 9 2,564 146,171 SH SOLE 146,171 SEACOAST BKG CORP FLA COM 811707 30 6 359 54,459 SH SOLE 54,459 SHUFFLE MASTER INC COM 825549 10 8 279 56,169 SH SOLE 56,169 SIGNATURE BK NEW YORK N Y COM 82669G 10 4 285 9,920 SH SOLE 9,920 SKILLED HEALTHCARE GROUP INC CL A 83066R 10 7 316 37,387 SH SOLE 37,387 * SKYWORKS SOLUTIONS INC COM 83088M 10 2 131 23,667 SH SOLE 23,667 SOUTHWESTERN ENERGY CO COM 845467 10 9 4,300 148,420 SH SOLE 148,420 STARBUCKS CORP COM 855244 10 9 3,610 381,517 SH SOLE 381,517 STARWOOD HTLS&RST WRLD COM 85590A 40 1 2,253 125,868 SH SOLE 125,868 STERLING BANCSHARES INC COM 858907 10 8 331 54,371 SH SOLE 54,371 STEWART ENTERPRISES INC CL A 860370 10 5 265 88,120 SH SOLE 88,120 SUN HEALTHCARE GROUP INC COM NEW 866933 40 1 322 36,356 SH SOLE 36,356 SUNTRUST BKS INC COM 867914 10 3 4,001 135,445 SH SOLE 135,445 * SYNOVUS FINL CORP COM 87161C 10 5 18,100 2,180,676 SH SOLE 2,180,676 TW TELECOM INC COM 87311L 10 4 239 28,183 SH SOLE 28,183 TERREMARK WORLDWIDE INC COM 881448 20 3 5,193 1,335,074 SH SOLE 1,335,074 TERREMARK WORLDWIDE INC NOTE 881448 AC 8 144 150,000 PRN SOLE 150,000 TEXAS CAPITAL BANCSHARES INC COM 88224Q 10 7 268 20,091 SH SOLE 20,091 TITAN INTL INC ILL COM 88830M 10 2 469 56,872 SH SOLE 56,872 TORCHMARK CORP COM 891027 10 4 4,774 106,810 SH SOLE 106,810 TOTAL SYS SVCS INC COM 891906 10 9 16,532 1,180,926 SH SOLE 1,180,926 U S AIRWAYS GROUP INC COM 90341W 10 8 5,252 679,455 SH SOLE 679,455 * ULTRA PETROLEUM CORP COM 903914 10 9 13,255 384,093 SH SOLE 384,093 UNIVERSAL HLTH SVCS INC CL B 913903 10 0 5,237 139,407 SH SOLE 139,407 VCA ANTECH INC COM 918194 10 1 6,680 336,016 SH SOLE 336,016 V F CORP COM 918204 10 8 6,392 116,700 SH SOLE 116,700 * VALUECLICK INC COM 92046N 10 2 13,284 1,941,854 SH SOLE 1,941,854 WADDELL & REED FINL INC CL A 930059 10 0 5,820 376,501 SH SOLE 376,501 WARNACO GROUP INC COM NEW 934390 40 2 5,407 275,451 SH SOLE 275,451 WASTE MGMT INC DEL COM 94106L 10 9 4,824 145,580 SH SOLE 145,580 WELLCARE HEALTH PLANS INC COM 94946T 10 6 151 11,739 SH SOLE 11,739 WESCO INTL INC NOTE 95082P AG 0 2,767 5,000,000 PRN SOLE 5,000,000 WHITING PETE CORP NEW COM 966387 10 2 2,869 85,735 SH SOLE 85,735 WHITNEY HLDG CORP COM 966612 10 3 6,221 389,043 SH SOLE 389,043 WILLBROS GROUP INC COM 969199 10 8 418 49,368 SH SOLE 49,368 * WYNDHAM WORLDWIDE CORP COM 98310W 10 8 237 36,221 SH SOLE 36,221 YUM BRANDS INC COM 988498 10 1 3,291 104,462 SH SOLE 104,462 ZIONS BANCORPORATION COM 989701 10 7 11,108 453,196 SH SOLE 453,196 TOTAL 1,577,871 -----END PRIVACY-ENHANCED MESSAGE-----