-----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, WWO3ADInznoIqFdLph4yPEEMrgBN6bz6riJaDU1E+H4xx0cft5fkWSl7mC28Ltlp 15nk1pr5HQKpaXxBIcSDJA== 0001158202-09-000005.txt : 20090417 0001158202-09-000005.hdr.sgml : 20090417 20090417095325 ACCESSION NUMBER: 0001158202-09-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090417 DATE AS OF CHANGE: 20090417 EFFECTIVENESS DATE: 20090417 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: 09755308 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 i09filing.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, 2009 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: 28-00020 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 15, 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: 240 Form 13F Information Table Value Total: $1,337,562 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 ACE LTD SHS H0023R 10 5 4,369 108,163 SH SOLE 108,163 ALLEGHENY ENERGY INC COM 017361 10 6 5,556 239,768 SH SOLE 239,768 AMERISOURCEBERGEN CORP COM 03073E 10 5 19,174 587,126 SH SOLE 587,126 ARUBA NETWORKS INC COM 043176 10 6 468 149,023 SH SOLE 149,023 CEPHALON INC COM 156708 10 9 12,144 178,333 SH SOLE 178,333 CERNER CORP COM 156782 10 4 14,083 320,283 SH SOLE 320,283 CIENA CORP COM NEW 171779 30 9 10,518 1,352,086 SH SOLE 1,352,086 COINSTAR INC COM 19259P 30 0 4,378 133,716 SH SOLE 133,716 CONTINENTAL RESOURCES INC COM 212015 10 1 10,593 499,391 SH SOLE 499,391 CON-WAY INC COM 205944 10 1 7,563 421,781 SH SOLE 421,781 CUBIST PHARMACEUTICALS INC COM 229678 10 7 2,532 154,790 SH SOLE 154,790 CULLEN FROST BANKERS INC COM 229899 10 9 13,062 278,254 SH SOLE 278,254 CURTISS WRIGHT CORP COM 231561 10 1 4,018 143,261 SH SOLE 143,261 DAVITA INC COM 23918K 10 8 18,524 421,463 SH SOLE 421,463 DELTA AIR LINES INC DEL COM NEW 247361 70 2 2,289 406,651 SH SOLE 406,651 EQUINIX INC COM NEW 29444U 50 2 2,283 40,659 SH SOLE 40,659 FINISAR COM 31787A 10 1 7,704 17,509,129 SH SOLE 17,509,129 GENZYME CORP COM 372917 10 4 2,224 37,440 SH SOLE 37,440 GLOBAL CROSSING LTD SHS NEW G3921A 17 5 3,134 447,576 SH SOLE 447,576 HAIN CELESTIAL GROUP INC COM 405217 10 0 17,891 1,256,403 SH SOLE 1,256,403 HOLOGIC INC COM 436440 10 1 9,716 742,270 SH SOLE 742,270 INTEGRA LIFESCIENCES HLDGS C COM 457985 20 8 5,582 225,830 SH SOLE 225,830 INTERCONTINENTALEXCHANGE INC COM 45865V 10 0 4,053 54,421 SH SOLE 54,421 KELLOGG CO COM 487836 10 8 1,200 32,776 SH SOLE 32,776 KENEXA CORP COM 488879 10 7 238 44,102 SH SOLE 44,102 MCAFEE INC COM 579064 10 6 210 6,278 SH SOLE 6,278 MEDNAX INC COM 58502B 10 6 3,551 120,520 SH SOLE 120,520 METLIFE INC COM 59156R 10 8 1,137 49,929 SH SOLE 49,929 MICROS SYS INC COM 594901 10 0 4,931 262,972 SH SOLE 262,972 NOVELL INC COM 670006 10 5 7,168 1,682,691 SH SOLE 1,682,691 SCANA CORP NEW COM 80589M 10 2 8,686 281,204 SH SOLE 281,204 SEAGATE TECHNOLOGY SHS G7945J 10 4 15,809 2,630,491 SH SOLE 2,630,491 STARWOOD HOTELS&RESORTS WRLD COM 85590A 40 1 1,879 147,936 SH SOLE 147,936 * ULTRA PETROLEUM CORP COM 903914 10 9 6,769 188,588 SH SOLE 188,588 VALUECLICK INC COM 92046N 10 2 14,758 1,733,944 SH SOLE 1,733,944 A D C TELECOMMUNICATIONS COM 000886 30 9 12,551 2,859,063 SH SOLE 2,859,063 AEGEAN MARINE PETROLEUM NETW SHS Y0017S 10 2 1,343 80,155 SH SOLE 80,155 AIRTRAN HLDGS INC COM 00949P 10 8 104 22,926 SH SOLE 22,926 AMERICAN CAPITAL AGENCY CORP COM 02503X 10 5 193 11,264 SH SOLE 11,264 AMERICAN ELEC PWR INC COM 025537 10 1 2,943 116,468 SH SOLE 116,468 AMERICAN FINL GROUP INC OHIO COM 025932 10 4 2,832 176,512 SH SOLE 176,512 AMERICAN TOWER CORP CL A 029912 20 1 5,787 190,160 SH SOLE 190,160 AMERIPRISE FINL INC COM 03076C 10 6 5,419 264,494 SH SOLE 264,494 ARCH COAL INC COM 039380 10 0 7,422 555,115 SH SOLE 555,115 ARIBA INC COM NEW 04033V 20 3 103 11,756 SH SOLE 11,756 ASSURANT INC COM 04621X 10 8 3,132 143,826 SH SOLE 143,826 BALLY TECHNOLOGIES INC COM 05874B 10 7 10,511 570,615 SH SOLE 570,615 BANCORPSOUTH INC COM 059692 10 3 3,278 157,291 SH SOLE 157,291 BELDEN INC COM 077454 10 6 8,790 702,639 SH SOLE 702,639 BIO RAD LABS INC CL A 090572 20 7 4,255 64,574 SH SOLE 64,574 BIO-REFERENCE LABS INC COM 09057G 60 2 334 15,996 SH SOLE 15,996 BLACKROCK INC COM 09247X 10 1 1,657 12,745 SH SOLE 12,745 BLUE COAT SYSTEMS INC COM 09534T 50 8 15,163 1,262,527 SH SOLE 1,262,527 BROADCOM CORP CL A 111320 10 7 13,371 669,221 SH SOLE 669,221 BROCADE COMMUNICATIONS SYS I COM NEW 111621 30 6 149 43,050 SH SOLE 43,050 BURGER KING HLDGS INC COM 121208 20 1 3,815 166,241 SH SOLE 166,241 CANADIAN PAC RY LTD COM 13645T 10 0 3,460 116,778 SH SOLE 116,778 CARRIZO OIL & CO INC COM 144577 10 3 202 22,740 SH SOLE 22,740 CASELLA WASTE SYS INC CL A 147448 10 4 177 103,668 SH SOLE 103,668 CATALYST HEALTH SOLUTIONS IN COM 14888B 10 3 6,387 322,262 SH SOLE 322,262 CERAGON NETWORKS LTD ORD M22013 10 2 293 68,920 SH SOLE 68,920 CHESAPEAKE ENERGY CORP COM 165167 10 7 2,804 164,411 SH SOLE 164,411 CHIPOTLE MEXICAN GRILL INC CL A 169656 10 5 11,826 178,137 SH SOLE 178,137 CINCINNATI BELL INC NEW COM 171871 10 6 313 136,156 SH SOLE 136,156 CINEMARK HOLDINGS INC COM 17243V 10 2 544 57,935 SH SOLE 57,935 CITRIX SYS INC COM 177376 10 0 7,231 319,433 SH SOLE 319,433 CITY NATL CORP COM 178566 10 5 3,101 91,844 SH SOLE 91,844 CKE RESTAURANTS INC COM 12561E 10 5 163 19,457 SH SOLE 19,457 CLECO CORP NEW COM 12561W 10 5 3,066 141,360 SH SOLE 141,360 COACH INC COM 189754 10 4 4,210 252,087 SH SOLE 252,087 COGO GROUP INC COM 192448 10 8 121 18,070 SH SOLE 18,070 COLLECTIVE BRANDS INC COM 19421W 10 0 3,101 318,408 SH SOLE 318,408 OMMSCOPE INC COM 203372 10 7 6,866 604,432 SH SOLE 604,432 COMSTOCK RES INC COM NEW 205768 20 3 14,693 493,104 SH SOLE 493,104 CONSOLIDATED COMM HLDGS INC COM 209034 10 7 221 21,565 SH SOLE 21,565 COPART INC COM 217204 10 6 3,630 122,388 SH SOLE 122,388 CROWN CASTLE INTL CORP COM 228227 10 4 21,933 1,074,626 SH SOLE 1,074,626 DR PEPPER SNAPPLE GROUP INC COM 26138E 10 9 8,265 488,816 SH SOLE 488,816 DYNEGY INC DEL CL A 26817G 10 2 64 45,684 SH SOLE 45,684 EDISON INTL COM 281020 10 7 3,447 119,662 SH SOLE 119,662 EMULEX CORP COM NEW 292475 20 9 198 39,400 SH SOLE 39,400 ENERGIZER HLDGS INC COM 29266R 10 8 9,211 185,372 SH SOLE 185,372 ENTERGY CORP NEW COM 29364G 10 3 2,641 38,778 SH SOLE 38,778 EXPRESS SCRIPTS INC COM 302182 10 0 7,052 152,735 SH SOLE 152,735 FAIRCHILD SEMICONDUCTOR INTL COM 303726 10 3 3,484 933,871 SH SOLE 933,871 FELCOR LODGING TR INC COM 31430F 10 1 156 114,385 SH SOLE 114,385 FIRST HORIZON NATL CORP COM 320517 10 5 3,462 322,373 SH SOLE 322,373 FISERV INC COM 337738 10 8 3,694 101,319 SH SOLE 101,319 FOREST LABS INC COM 345838 10 6 7,465 339,920 SH SOLE 339,920 FOUNDATION COAL HLDGS INC COM 35039W 10 0 7,203 501,989 SH SOLE 501,989 FRONTIER COMM CORP COM 35906A 10 8 9,052 1,260,763 SH SOLE 1,260,763 GAMESTOP CORP NEW CL A 36467W 10 9 13,369 477,091 SH SOLE 477,091 GASCO ENERGY INC COM 367220 10 0 1,163 2,981,335 SH SOLE 2,981,335 GAYLORD ENTMT CO NEW COM 367905 10 6 2,549 306,044 SH SOLE 306,044 GENERAL CABLE CORP DEL NEW COM 369300 10 8 17,783 897,213 SH SOLE 897,213 GLOBAL CASH ACCESS HLDGS INC COM 378967 10 3 125 32,845 SH SOLE 32,845 GOODRICH CORP COM 382388 10 6 2,448 64,571 SH SOLE 64,571 GOODRICH PETE CORP COM NEW 382410 40 5 5,049 260,770 SH SOLE 260,770 GUESS INC COM 401617 10 5 10,609 503,284 SH SOLE 503,284 HARTFORD FINL SVCS GRP INC COM 416515 10 4 8,162 1,039,696 SH SOLE 1,039,696 HEINZ H J CO COM 423074 10 3 3,856 116,648 SH SOLE 116,648 HENRY JACK & ASSOC INC COM 426281 10 1 3,608 221,083 SH SOLE 221,083 HERBALIFE LTD COM G4412G 10 1 880 58,734 SH SOLE 58,734 HEXCEL CORP NEW COM 428291 10 8 1,458 221,876 SH SOLE 221,876 HOSPITALITY PPTYS TR COM 44106M 10 2 218 18,197 SH SOLE 18,197 HOST HOTELS & RESORTS INC COM 44107P 10 4 5,203 1,327,249 SH SOLE 1,327,249 HUB GROUP INC CL A 443320 10 6 1,974 116,143 SH SOLE 116,143 HUNT J B TRANS SVCS INC COM 445658 10 7 10,437 432,933 SH SOLE 432,933 INTERNAP NETWORK SVCS CORP COM 45885A 30 0 314 116,549 SH SOLE 116,549 JACK IN THE BOX INC COM 466367 10 9 10,375 445,473 SH SOLE 445,473 JARDEN CORP COM 471109 10 8 5,763 454,839 SH SOLE 454,839 JETBLUE AIRWAYS CORP COM 477143 10 1 2,817 771,830 SH SOLE 771,830 KANSAS CITY SOUTHERN COM NEW 485170 30 2 12,492 982,877 SH SOLE 982,877 KBR INC COM 48242W 10 6 19,829 1,435,798 SH SOLE 1,435,798 LAB CORP AMER HLDGS COM 50540R 40 9 25,770 440,597 SH SOLE 440,597 LADISH INC COM NEW 505754 20 0 183 25,192 SH SOLE 25,192 LANDSTAR SYS INC COM 515098 10 1 241 7,200 SH SOLE 7,200 LAUDER ESTEE COS INC CL A 518439 10 4 1,358 55,102 SH SOLE 55,102 LEAP WIRELESS INTL INC COM NEW 521863 30 8 7,909 226,818 SH SOLE 226,818 LIFE TIME FITNESS INC COM 53217R 20 7 2,982 237,417 SH SOLE 237,417 LINCOLN NATL CORP IND COM 534187 10 9 6,346 948,466 SH SOLE 948,466 LODGENET INTERACTIVE CORP COM 540211 10 9 816 513,512 SH SOLE 513,512 MAGELLAN HEALTH SVCS INC COM NEW 559079 20 7 29,020 796,372 SH SOLE 796,372 MARTEK BIOSCIENCES CORP COM 572901 10 6 2,713 148,675 SH SOLE 148,675 MARVEL ENTERTAINMENT INC COM 57383T 10 3 3,125 117,718 SH SOLE 117,718 MARVELL TECH GROUP LTD ORD G5876H 10 5 19,271 2,103,856 SH SOLE 2,103,856 MAXIM INTEGRATED PRODS INC COM 57772K 10 1 3,377 255,683 SH SOLE 255,683 MICROSEMI CORP COM 595137 10 0 118 10,210 SH SOLE 10,210 MILLICOM INTL CELLULAR S A SHS L6388F 11 0 16,806 453,719 SH SOLE 453,719 MOBILE MINI INC COM 60740F 10 5 141 12,240 SH SOLE 12,240 NASDAQ OMX GROUP INC COM 631103 10 8 9,523 486,419 SH SOLE 486,419 NAVIGATORS GROUP INC COM 638904 10 2 337 7,140 SH SOLE 7,140 NBTY INC COM 628782 10 4 24,426 1,734,884 SH SOLE 1,734,884 NETAPP INC COM 64110D 10 4 6,811 459,013 SH SOLE 459,013 NEWALLIANCE BANCSHARES INC COM 650203 10 2 5,383 458,575 SH SOLE 458,575 NICOR INC COM 654086 10 7 3,359 101,093 SH SOLE 101,093 NII HLDGS INC CL B 62913F 20 1 21,699 1,446,531 SH SOLE 1,446,531 NTELOS HLDGS CORP COM 67020Q 10 7 639 35,225 SH SOLE 35,225 O REILLY AUTOMOTIVE INC COM 686091 10 9 13,897 396,931 SH SOLE 396,931 ON SEMICONDUCTOR CORP COM 682189 10 5 18,503 4,744,408 SH SOLE 4,744,408 OPNEXT INC COM 68375V 10 5 187 109,590 SH SOLE 109,590 OWENS ILL INC COM NEW 690768 40 3 19,895 1,377,829 SH SOLE 1,377,829 PACTIV CORP COM 695257 10 5 8,868 607,881 SH SOLE 607,881 PAETEC HOLDING CORP COM 695459 10 7 2,603 1,807,861 SH SOLE 1,807,861 PEABODY ENERGY CORP COM 704549 10 4 2,314 92,428 SH SOLE 92,428 PENN VA CORP COM 707882 10 6 177 16,100 SH SOLE 16,100 PEOPLES UNITED FINANCIAL INC COM 712704 10 5 13,573 755,359 SH SOLE 755,359 PETROHAWK ENERGY CORP COM 716495 10 6 13,975 726,758 SH SOLE 726,758 PHARMERICA CORP COM 71714F 10 4 224 13,485 SH SOLE 13,485 PHILLIPS VAN HEUSEN CORP COM 718592 10 8 9,895 436,235 SH SOLE 436,235 PINNACLE ENTMT INC COM 723456 10 9 17,093 2,428,010 SH SOLE 2,428,010 PLAINS EXPL& PRODTN CO COM 726505 10 0 2,767 160,644 SH SOLE 160,644 PMC-SIERRA INC COM 69344F 10 6 17,126 2,688,528 SH SOLE 2,688,528 POWERWAVE TECHNOLOGIES INC COM 739363 10 9 299 502,980 SH SOLE 502,980 PRECISION CASTPARTS CORP COM 740189 10 5 2,425 40,484 SH SOLE 40,484 PRESTIGE BRANDS HLDGS INC COM 74112D 10 1 209 40,300 SH SOLE 40,300 PRUDENTIAL FINL INC COM 744320 10 2 2,942 154,622 SH SOLE 154,622 PSYCHIATRIC SOLUTIONS INC COM 74439H 10 8 345 21,925 SH SOLE 21,925 QUEST DIAGNOSTICS INC COM 74834L 10 0 4,102 86,366 SH SOLE 86,366 RALCORP HLDGS INC NEW COM 751028 10 1 6,492 120,497 SH SOLE 120,497 RANGE RES CORP COM 75281A 10 9 4,930 119,754 SH SOLE 119,754 REGAL ENTMT GROUP CL A 758766 10 9 24,032 1,792,082 SH SOLE 1,792,082 RENAISSANCERE HOLDINGS LTD COM G7496G 10 3 11,851 239,733 SH SOLE 239,733 REPUBLIC SVCS INC COM 760759 10 0 6,749 393,504 SH SOLE 393,504 RF MICRODEVICES INC COM 749941 10 0 15,289 11,494,864 SH SOLE 11,494,864 RIVERBED TECHNOLOGY INC COM 768573 10 7 5,727 437,826 SH SOLE 437,826 ROCKWELL COLLINS INC COM 774341 10 1 1,741 53,356 SH SOLE 53,356 SANMINA SCI CORP COM 800907 10 7 123 404,380 SH SOLE 404,380 SAVVIS INC COM NEW 805423 30 8 13,394 2,163,742 SH SOLE 2,163,742 SBA COMMUNICATIONS CORP COM 78388J 10 6 29,945 1,285,265 SH SOLE 1,285,265 SCIENTIFIC GAMES CORP CL A 80874P 10 9 2,342 193,338 SH SOLE 193,338 SERVICE CORP INTL COM 817565 10 4 259 74,275 SH SOLE 74,275 SHUFFLE MASTER INC COM 825549 10 8 268 93,549 SH SOLE 93,549 SIGNATURE BK NEW YORK N Y COM 82669G 10 4 280 9,920 SH SOLE 9,920 SOUTHWESTERN ENERGY CO COM 845467 10 9 3,660 123,278 SH SOLE 123,278 ST JUDE MED INC COM 790849 10 3 4,550 125,249 SH SOLE 125,249 STARBUCKS CORP COM 855244 10 9 2,840 255,592 SH SOLE 255,592 STEWART ENTERPRISES INC CL A 860370 10 5 242 74,555 SH SOLE 74,555 SUN HEALTHCARE GROUP INC COM NEW 866933 40 1 2,588 306,532 SH SOLE 306,532 SUNTRUST BKS INC COM 867914 10 3 11,163 950,852 SH SOLE 950,852 TERREMARK WORLDWIDE INC COM 881448 20 3 2,939 1,092,402 SH SOLE 1,092,402 TITAN INTL INC ILL COM 88830M 10 2 274 54,462 SH SOLE 54,462 TORCHMARK CORP COM 891027 10 4 6,961 265,400 SH SOLE 265,400 TOTAL SYS SVCS INC COM 891906 10 9 14,733 1,066,807 SH SOLE 1,066,807 TRIQUINT SEMICONDUCTOR INC COM 89674K 10 3 5,126 2,075,317 SH SOLE 2,075,317 U S AIRWAYS GROUP INC COM 90341W 10 8 3,271 1,293,226 SH SOLE 1,293,226 UNIVERSAL HLTH SVCS INC CL B 913903 10 0 4,450 116,062 SH SOLE 116,062 UNIVERSAL TECHNICAL INST INC COM 913915 10 4 388 32,325 SH SOLE 32,325 URBAN OUTFITTERS INC COM 917047 10 2 8,800 537,566 SH SOLE 537,566 V F CORP COM 918204 10 8 7,866 137,742 SH SOLE 137,742 VCA ANTECH INC COM 918194 10 1 5,482 243,090 SH SOLE 243,090 WADDELL & REED FINL INC CL A 930059 10 0 3,953 218,769 SH SOLE 218,769 WARNACO GROUP INC COM NEW 934390 40 2 5,757 239,885 SH SOLE 239,885 WASTE CONNECTIONS INC COM 941053 10 0 2,430 94,594 SH SOLE 94,594 WASTE MGMT INC DEL COM 94106L 10 9 3,071 119,935 SH SOLE 119,935 WEBSENSE INC COM 947684 10 6 135 11,260 SH SOLE 11,260 WESTERN DIGITAL CORP COM 958102 10 5 5,043 260,773 SH SOLE 260,773 WHITING PETE CORP NEW COM 966387 10 2 2,586 100,046 SH SOLE 100,046 WHITNEY HLDG CORP COM 966612 10 3 3,087 269,642 SH SOLE 269,642 YUM BRANDS INC COM 988498 10 1 2,354 85,663 SH SOLE 85,663 A D C TELECOMMUNICATIONS NOTE 000886 AE 1 1,695 3,500,000 PRN SOLE 3,500,000 ALLEGHANY CORP DEL COM 017175 10 0 16,084 59,388 SH SOLE 59,388 BARRETT BILL CORP NOTE 06846N AA 2 32 40,000 PRN SOLE 40,000 CARDINAL FINL CORP COM 14149F 10 9 135 23,500 SH SOLE 23,500 CARMIKE CINEMAS INC COM 143436 40 0 345 131,428 SH SOLE 131,428 CARRIZO OIL & CO INC NOTE 144577 AA 1 5,088 9,700,000 PRN SOLE 9,700,000 CARROLS RESTAURANT GROUP INC COM 14574X 10 4 135 38,574 SH SOLE 38,574 CTRAL EUR DIST CORP NOTE 153435 AA 0 2,288 6,000,000 PRN SOLE 6,000,000 CENTURY ALUM CO NOTE 156431 AE 8 1,610 3,595,000 PRN SOLE 3,595,000 CONEXANT SYSTEMS INC NOTE 207142 AH 3 882 4,560,000 PRN SOLE 4,560,000 CUBIST PHARMACEUTICALS INC NOTE 229678 AC 1 40 50,000 PRN SOLE 50,000 DIALYSIS CORP AMER COM 252529 10 2 390 76,358 SH SOLE 76,358 ELLIS PERRY INTL INC COM 288853 10 4 337 97,339 SH SOLE 97,339 GENERAL CABLE CORP DEL NEW NOTE 369300 AD 0 35 50,000 PRN SOLE 50,000 GLOBAL CROSSING LTD NOTE 37932J AA 1 529 1,000,000 PRN SOLE 1,000,000 HOLOGIC INC FRNT 436440 AA 9 10,766 15,640,000 PRN SOLE 15,640,000 HOSPITALITY PPTYS TR NOTE 44106M AK 8 7,735 10,500,000 PRN SOLE 10,500,000 ICONIX BRAND GROUP INC NOTE 451055 AB 3 1,304 2,000,000 PRN SOLE 2,000,000 INTL COAL GRP INC N NOTE 45928H AD 8 575 1,000,000 PRN SOLE 1,000,000 INTL GAME TECHNOLOG DBCV 459902 AP 7 4,387 4,493,000 PRN SOLE 4,493,000 KING PHARMACEUTICALS INC NOTE 495582 AJ 7 3,850 5,500,000 PRN SOLE 5,500,000 LIFEPOINT HOSPITALS INC NOTE 53219L AH 2 2,893 4,000,000 PRN SOLE 4,000,000 LUCENT TECHNOLOGIES INC DBCV 549463 AG 2 71 80,000 PRN SOLE 80,000 MAIDEN HOLDINGS LTD SHS G5753U 11 2 296 66,236 SH SOLE 66,236 MCCORMICK & SCHMICKS SEAFD R COM 579793 10 0 215 55,014 SH SOLE 55,014 NABORS INDS INC NOTE 629568 AP 1 36 40,000 PRN SOLE 40,000 NATIONAL FINL PARTNERS CORP NOTE 63607P AA 7 40 125,000 PRN SOLE 125,000 NETSCOUT SYS INC COM 64115T 10 4 117 16,395 SH SOLE 16,395 NII HLDGS INC NOTE 62913F AF 9 51 55,000 PRN SOLE 55,000 NII HLDGS INC NOTE 62913F AJ 1 4,822 6,775,000 PRN SOLE 6,775,000 OMNICARE INC DBCV 681904 AL 2 6,830 10,200,000 PRN SOLE 10,200,000 POWERWAVE TECH INC SDCV 739363 AF 6 1,536 7,000,000 PRN SOLE 7,000,000 QWEST COMM INTL IN NOTE 749121 BY 4 14,426 15,417,000 PRN SOLE 15,417,000 RF MICRODEVICES INC NOTE 749941 AJ 9 543 1,000,000 PRN SOLE 1,000,000 SAVVIS INC NOTE 805423 AA 8 3,392 5,950,000 PRN SOLE 5,950,000 SKILLED HEALTHCARE GROUP INC CL A 83066R 10 7 410 49,887 SH SOLE 49,887 TERREMARK WORLDWIDE INC NOTE 881448 AC 8 147 150,000 PRN SOLE 150,000 TRANSOCEAN INC NOTE 893830 AW 9 5,351 6,500,000 PRN SOLE 6,500,000 TRANSOCEAN INC NOTE 893830 AU 3 1,339 1,450,000 PRN SOLE 1,450,000 WESCO INTL INC NOTE 95082P AG 0 4,293 6,000,000 PRN SOLE 6,000,000 TOTAL 1,337,562 -----END PRIVACY-ENHANCED MESSAGE-----