-----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, NtOPdzNHBQcylRY7QLf/Wa5HQY1IS/529WaHwJhkW4zxFydPZ33bG4EF4wuyuqB9 lTIK/dCRgJsoMWrU/bjhVA== 0001158202-08-000010.txt : 20081113 0001158202-08-000010.hdr.sgml : 20081113 20081113115140 ACCESSION NUMBER: 0001158202-08-000010 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081113 DATE AS OF CHANGE: 20081113 EFFECTIVENESS DATE: 20081113 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: 081183536 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 iii08filing.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: SEPTEMBER 30, 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: 28-00018 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 OCTOBER 24, 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: 237 Form 13F Information Table Value Total: $2,274,657 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 ENERGY XXI (BERMUDA) LTD COM SHS G10082 10 8 219 72,050 SH SOLE 72,050 * GLOBAL CROSSING LTD SHS NEW G3921A 17 5 9,142 603,018 SH SOLE 603,018 HERBALIFE LTD COM USD SHS G4412G 10 1 6,236 157,799 SH SOLE 157,799 MAIDEN HOLDINGS LTD SHS G5753U 11 2 249 57,250 SH SOLE 57,250 MARVELL TECH GROUP LTD ORD G5876H 10 5 11,672 1,255,084 SH SOLE 1,255,084 NABORS INDUSTRIES LTD SHS G6359F 10 3 6,421 257,639 SH SOLE 257,639 * NOBLE CORPORATION SHS G65422 10 0 7,266 165,514 SH SOLE 165,514 RENAISSANCERE HOLDINGS LTD COM G7496G 10 3 28,833 554,497 SH SOLE 554,497 MILLICOM INTL CELLULAR S A SHS L6388F 11 0 33,413 486,563 SH SOLE 486,563 CERAGON NETWORKS LTD ORD M22013 10 2 266 36,042 SH SOLE 36,042 EXCEL MARITIME CARRIERS LTD COM V3267N 10 7 4,714 312,591 SH SOLE 312,591 ROYAL CARIBBEAN CRUISES LTD COM V7780T 10 3 3,098 149,317 SH SOLE 149,317 DIANA SHIPPING INC COM Y2066G 10 4 6,202 314,974 SH SOLE 314,974 DRYSHIPS INC SHS Y2109Q 10 1 2,723 76,727 SH SOLE 76,727 BOYD GAMING CORP COM 103304 10 1 14,761 1,577,024 SH SOLE 1,577,024 BROADCOM CORP CL A 111320 10 7 6,516 349,772 SH SOLE 349,772 * CIT GROUP INC COM 125581 10 8 9,113 1,309,259 SH SOLE 1,309,259 CARMIKE CINEMAS INC COM 143436 40 0 340 92,505 SH SOLE 92,505 CARPENTER TECHNOLOGY CORP COM 144285 10 3 6,564 255,878 SH SOLE 255,878 CENTURY ALUM CO COM 156431 10 8 4,198 151,625 SH SOLE 151,625 CEPHALON INC COM 156708 10 9 6,270 80,902 SH SOLE 80,902 * CERADYNE INC COM 156710 10 5 6,687 182,412 SH SOLE 182,412 * CERNER CORP COM 156782 10 4 23,267 521,231 SH SOLE 521,231 CHESAPEAKE ENERGY CORP NOTE 165167 BZ 9 1,429 1,480,000 PRN SOLE 1,480,000 CHIPOTLE MEXICAN GRILL INC CL A 169656 10 5 16,543 298,112 SH SOLE 298,112 * CIENA CORP COM NEW 171779 30 9 10,578 1,049,276 SH SOLE 1,049,276 CINCINNATI BELL INC NEW COM 171871 10 6 6,143 1,988,279 SH SOLE 1,988,279 COACH INC COM 189754 10 4 8,366 334,131 SH SOLE 334,131 COLONIAL BANCGROUP INC COM 195493 30 9 13,533 1,721,835 SH SOLE 1,721,835 COMMSCOPE INC COM 203372 10 7 14,871 429,331 SH SOLE 429,331 COMSTOCK RES INC COM NEW 205768 20 3 29,481 589,021 SH SOLE 589,021 CONEXANT SYSTEMS INC NOTE 207142 AH 3 2,949 4,515,000 PRN SOLE 4,515,000 CONSOLIDATED COMM HLDGS INC COM 209034 10 7 408 27,080 SH SOLE 27,080 CONTINENTAL RESOURCES INC COM 212015 10 1 10,619 270,668 SH SOLE 270,668 CORNELL COMPANIES INC COM 219141 10 8 364 13,410 SH SOLE 13,410 CROWN CASTLE INTL CORP COM 228227 10 4 10,569 364,810 SH SOLE 364,810 * CURTISS WRIGHT CORP COM 231561 10 1 8,815 193,947 SH SOLE 193,947 CYPRESS BIOSCIENCES INC COM 232674 50 7 398 54,095 SH SOLE 54,095 DELEK US HLDGS INC COM 246647 10 1 407 43,890 SH SOLE 43,890 DIALYSIS CORP AMER COM 252529 10 2 606 77,246 SH SOLE 77,246 DRIL-QUIP INC COM 262037 10 4 7,422 171,061 SH SOLE 171,061 ELECTRONIC ARTS INC COM 285512 10 9 6,912 186,852 SH SOLE 186,852 EXPRESS SCRIPTS INC COM 302182 10 0 12,810 173,527 SH SOLE 173,527 FIFTH THIRD BANCORP COM 316773 10 0 13,642 1,146,474 SH SOLE 1,146,474 FIRST HORIZON NATL CORP COM 320517 10 5 9,472 1,011,936 SH SOLE 1,011,936 FISERV INC COM 337738 10 8 5,004 105,757 SH SOLE 105,757 FOREST LABS INC COM 345838 10 6 7,311 258,536 SH SOLE 258,536 * GASCO ENERGY INC COM 367220 10 0 7,503 4,123,054 SH SOLE 4,123,054 GASTAR EXPL LTD COM 367299 10 4 26 19,680 SH SOLE 19,680 GAYLORD ENTMT CO NEW COM 367905 10 6 18,793 639,888 SH SOLE 639,888 GENERAL CABLE CORP DEL NEW COM 369300 10 8 30,238 848,661 SH SOLE 848,661 GENERAL CABLE CORP DEL NEW NOTE 369300 AD 0 45 50,000 PRN SOLE 50,000 GLOBAL CASH ACCESS HLDGS INC COM 378967 10 3 661 130,681 SH SOLE 130,681 GOODRICH CORP COM 382388 10 6 5,754 138,318 SH SOLE 138,318 GOODRICH PETE CORP COM NEW 382410 40 5 12,231 280,597 SH SOLE 280,597 GUESS INC COM 401617 10 5 17,342 498,467 SH SOLE 498,467 * HAIN CELESTIAL GROUP INC COM 405217 10 0 22,198 806,277 SH SOLE 806,277 HAYNES INTERNATIONAL INC COM NEW 420877 20 1 385 8,230 SH SOLE 8,230 HEALTHEXTRAS INC COM 422211 10 2 4,566 174,807 SH SOLE 174,807 * HEALTHWAYS INC COM 422245 10 0 19,973 1,235,170 SH SOLE 1,235,170 HELMERICH & PAYNE INC COM 423452 10 1 12,369 286,383 SH SOLE 286,383 HENRY JACK & ASSOC INC COM 426281 10 1 6,098 299,963 SH SOLE 299,963 HERCULES OFFSHORE INC NOTE 427093 AA 7 57 75,000 PRN SOLE 75,000 HERCULES OFFSHORE INC COM 427093 10 9 16,778 1,106,756 SH SOLE 1,106,756 HEXCEL CORP NEW COM 428291 10 8 9,538 696,702 SH SOLE 696,702 HORNBECK OFFSHORE SVCS INC N COM 440543 10 6 720 18,655 SH SOLE 18,655 HORNBECK OFFSHORE SVCS INC N FRNT 440543 AE 6 135 135,000 PRN SOLE 135,000 HUNT J B TRANS SVCS INC COM 445658 10 7 16,832 504,383 SH SOLE 504,383 ICONIX BRAND GROUP INC COM 451055 10 7 552 42,168 SH SOLE 42,168 INTEGRA LIFESCIEN HLDGS COM NEW 457985 20 8 12,203 277,165 SH SOLE 277,165 ISHARES TR RUS2000 464287 65 5 1,272 18,720 SH SOLE 18,720 JACK IN THE BOX INC COM 466367 10 9 10,392 492,525 SH SOLE 492,525 JACKSON HEWITT TAX SVCS INC COM 468202 10 6 393 25,640 SH SOLE 25,640 JAMES RIVER COAL CO COM NEW 470355 20 7 614 27,910 SH SOLE 27,910 * JARDEN CORP COM 471109 10 8 11,963 510,122 SH SOLE 510,122 KANSAS CITY SOUTHERN COM NEW 485170 30 2 39,201 883,709 SH SOLE 883,709 * KENEXA CORP COM 488879 10 7 466 29,540 SH SOLE 29,540 KEY ENERGY SVCS INC COM 492914 10 6 6,494 559,918 SH SOLE 559,918 KIRBY CORP COM 497266 10 6 10,150 267,544 SH SOLE 267,544 LADISH INC COM NEW 505754 20 0 593 29,281 SH SOLE 29,281 LEAP WIRELESS INTL INC COM NEW 521863 30 8 22,083 579,647 SH SOLE 579,647 LODGENET INTERACTIVE CORP COM 540211 10 9 564 277,945 SH SOLE 277,945 LUCENT TECHNOLOGIES INC DBCV 549463 AG 2 71 80,000 PRN SOLE 80,000 * MGM MIRAGE COM 552953 10 1 4,553 159,724 SH SOLE 159,724 MAGELLAN HEALTH SVCS INC COM NEW 559079 20 7 40,934 996,934 SH SOLE 996,934 MARTEK BIOSCIENCES CORP COM 572901 10 6 8,179 260,315 SH SOLE 260,315 MESABI TR CTF BEN 590672 10 1 365 18,865 SH SOLE 18,865 * MICROS SYS INC COM 594901 10 0 5,766 216,299 SH SOLE 216,299 MICRON TECHNOLOGY INC COM 595112 10 3 303 74,938 SH SOLE 74,938 MICROSEMI CORP COM 595137 10 0 11,418 448,112 SH SOLE 448,112 NBTY INC COM 628782 10 4 45,899 1,554,810 SH SOLE 1,554,810 NRG ENERGY INC COM NEW 629377 50 8 6,232 251,815 SH SOLE 251,815 NABORS INDS INC NOTE 629568 AP 1 36 40,000 PRN SOLE 40,000 NASDAQ OMX GROUP INC COM 631103 10 8 29,553 966,710 SH SOLE 966,710 NATIONAL COAL CORP COM NEW 632381 20 8 205 39,238 SH SOLE 39,238 NAVIGATORS GROUP INC COM 638904 10 2 489 8,427 SH SOLE 8,427 NEWALLIANCE BANCSHARES INC COM 650203 10 2 7,734 514,523 SH SOLE 514,523 * NEWELL RUBBERMAID INC COM 651229 10 6 5,284 306,077 SH SOLE 306,077 NORTH AMERN ENERGY PARTNERS COM 656844 10 7 258 24,845 SH SOLE 24,845 * NOVELL INC COM 670006 10 5 10,790 2,099,205 SH SOLE 2,099,205 OIL STS INTL INC COM 678026 10 5 7,329 207,324 SH SOLE 207,324 OMNICARE INC DBCV 681904 AL 2 1,246 1,875,000 PRN SOLE 1,875,000 ON SEMICONDUCTOR CORP COM 682189 10 5 32,582 4,819,932 SH SOLE 4,819,932 O REILLY AUTOMOTIVE INC COM 686091 10 9 13,364 499,184 SH SOLE 499,184 PAETEC HOLDING CORP COM 695459 10 7 9,196 4,277,325 SH SOLE 4,277,325 PEABODY ENERGY CORP COM 704549 10 4 5,467 121,482 SH SOLE 121,482 PEABODY ENERGY CORP SDCV 704549 AG 9 92 100,000 PRN SOLE 100,000 PEOPLES UNITED FINANCIAL INC COM 712704 10 5 12,637 656,469 SH SOLE 656,469 PETROHAWK ENERGY CORP COM 716495 10 6 23,439 1,083,592 SH SOLE 1,083,592 PHILLIPS VAN HEUSEN CORP COM 718592 10 8 26,724 704,934 SH SOLE 704,934 PINNACLE AIRL CORP COM 723443 10 7 334 83,985 SH SOLE 83,985 PINNACLE ENTMT INC COM 723456 10 9 28,379 3,753,815 SH SOLE 3,753,815 PINNACLE GAS RESOURCES INC COM 723464 30 1 13 10,030 SH SOLE 10,030 PIONEER DRILLING CO COM 723655 10 6 5,167 388,505 SH SOLE 388,505 PRECISION CASTPARTS CORP COM 740189 10 5 7,350 93,302 SH SOLE 93,302 QUANTUM CORP COM 747906 20 4 11 10,000 SH SOLE 10,000 RF MICRODEVICES INC NOTE 749941 AJ 9 1,861 3,065,000 PRN SOLE 3,065,000 RF MICRODEVICES INC COM 749941 10 0 31,315 10,724,271 SH SOLE 10,724,271 REGAL ENTMT GROUP CL A 758766 10 9 26,252 1,663,608 SH SOLE 1,663,608 RIVERBED TECHNOLOGY INC COM 768573 10 7 11,033 881,229 SH SOLE 881,229 ROCKWELL COLLINS INC COM 774341 10 1 4,934 102,581 SH SOLE 102,581 ROWAN COS INC COM 779382 10 0 15,057 492,837 SH SOLE 492,837 ST JUDE MED INC COM 790849 10 3 7,236 166,371 SH SOLE 166,371 SAVVIS INC COM NEW 805423 30 8 41,179 3,063,892 SH SOLE 3,063,892 SAVVIS INC NOTE 805423 AA 8 3,473 5,155,000 PRN SOLE 5,155,000 SEACOAST BKG CORP FLA COM 811707 30 6 236 22,000 SH SOLE 22,000 SHUFFLE MASTER INC COM 825549 10 8 498 97,925 SH SOLE 97,925 SOUTHWESTERN ENERGY CO COM 845467 10 9 6,063 198,500 SH SOLE 198,500 SPIRIT AERO HLDGS INC CL A 848574 10 9 16,859 1,049,119 SH SOLE 1,049,119 STARBUCKS CORP COM 855244 10 9 6,405 430,731 SH SOLE 430,731 SUN HEALTHCARE GROUP INC COM NEW 866933 40 1 464 31,645 SH SOLE 31,645 TEREX CORP NEW COM 880779 10 3 6,398 209,634 SH SOLE 209,634 TERREMARK WORLDWIDE COM NEW 881448 20 3 12,291 1,789,039 SH SOLE 1,789,039 TERREMARK WORLDWIDE INC NOTE 881448 AC 8 154 150,000 PRN SOLE 150,000 TOTAL SYS SVCS INC COM 891906 10 9 18,634 1,136,320 SH SOLE 1,136,320 TRIUMPH GROUP INC NEW COM 896818 10 1 3,184 69,670 SH SOLE 69,670 * ULTRA PETROLEUM CORP COM 903914 10 9 11,984 216,576 SH SOLE 216,576 * UNIT CORP COM 909218 10 9 6,248 125,406 SH SOLE 125,406 UNITED STATES NATL GAS FUND UNIT 912318 10 2 483 14,500 SH SOLE 14,500 VCA ANTECH INC COM 918194 10 1 12,947 439,303 SH SOLE 439,303 WADDELL & REED FINL INC CL A 930059 10 0 6,198 250,450 SH SOLE 250,450 WILLBROS GROUP INC COM 969199 10 8 453 17,121 SH SOLE 17,121 YUM BRANDS INC COM 988498 10 1 2,784 85,369 SH SOLE 85,369 A D C TELECOM COM NEW 000886 30 9 18,972 2,245,153 SH SOLE 2,245,153 ACTUATE CORP COM 00508B 10 2 412 117,845 SH SOLE 117,845 ADVANCED MED OPTICS INC NOTE 00763M AK 4 1,365 2,075,000 PRN SOLE 2,075,000 ADVANCED MED OPTICS INC COM 00763M 10 8 20,403 1,147,545 SH SOLE 1,147,545 AKAMAI TECHNOLOGIES INC COM 00971T 10 1 18,594 1,066,230 SH SOLE 1,066,230 ALLEGHANY CORP DEL COM 017175 10 0 25,209 69,064 SH SOLE 69,064 * ALLEGHENY TECHNOLOGIES INC COM 01741R 10 2 21,208 717,682 SH SOLE 717,682 ALPHARMA INC CL A 020813 10 1 5,161 139,919 SH SOLE 139,919 ALPHARMA INC NOTE 020813 AH 4 78 60,000 PRN SOLE 60,000 AMERICAN CAPITAL AGENCY CORP COM 02503X 10 5 377 21,760 SH SOLE 21,760 AMERICAN COMMERCIAL LINES COM NEW 025195 20 7 414 38,870 SH SOLE 38,870 AMERICAN ELEC PWR INC COM 025537 10 1 2,994 80,866 SH SOLE 80,866 AMERICAN TOWER CORP CL A 029912 20 1 10,418 289,628 SH SOLE 289,628 AMERICREDIT CORP NOTE 03060R AR 2 27 50,000 PRN SOLE 50,000 * AMERISTAR CASINOS INC COM 03070Q 10 1 10,042 707,613 SH SOLE 707,613 * AMERISOURCEBERGEN CORP COM 03073E 10 5 13,738 364,872 SH SOLE 364,872 ANADIGICS INC COM 032515 10 8 92 32,723 SH SOLE 32,723 ARCH COAL INC COM 039380 10 0 29,575 899,217 SH SOLE 899,217 ARIBA INC COM NEW 04033V 20 3 8,966 634,492 SH SOLE 634,492 ARUBA NETWORKS INC COM 043176 10 6 538 104,820 SH SOLE 104,820 ASHFORD HOSPITALITY TR INC COM SHS 044103 10 9 417 103,015 SH SOLE 103,015 ASSURANT INC COM 04621X 10 8 16,292 296,223 SH SOLE 296,223 ASTORIA FINL CORP COM 046265 10 4 8,527 411,325 SH SOLE 411,325 ATWOOD OCEANICS INC COM 050095 10 8 11,984 329,226 SH SOLE 329,226 BALLY TECHNOLOGIES INC COM 05874B 10 7 20,794 686,709 SH SOLE 686,709 BARRETT BILL CORP COM 06846N 10 4 25,928 807,495 SH SOLE 807,495 BE AEROSPACE INC COM 073302 10 1 5,451 344,314 SH SOLE 344,314 BELDEN INC COM 077454 10 6 41,365 1,301,136 SH SOLE 1,301,136 BIO RAD LABS INC CL A 090572 20 7 5,195 52,405 SH SOLE 52,405 BIO-REFERENCE LABS INC COM NEW 09057G 60 2 757 26,185 SH SOLE 26,185 BLUE COAT SYS INC COM NEW 09534T 50 8 14,494 1,021,397 SH SOLE 1,021,397 BOOKHAM INC COM 09856E 10 5 3,897 3,447,492 SH SOLE 3,447,492 CKE RESTAURANTS INC COM 12561E 10 5 493 46,535 SH SOLE 46,535 CLECO CORP NEW COM 12561W 10 5 7,187 284,650 SH SOLE 284,650 CANADIAN PAC RY LTD COM 13645T 10 0 8,355 155,132 SH SOLE 155,132 CARROLS RESTAURANT GROUP INC COM 14574X 10 4 87 28,900 SH SOLE 28,900 CENTENNIAL COMMUNCTNS CORP N CL A 15133V 20 8 759 121,695 SH SOLE 121,695 * COINSTAR INC COM 19259P 30 0 10,287 321,485 SH SOLE 321,485 COLLECTIVE BRANDS INC COM 19421W 10 0 13,471 735,688 SH SOLE 735,688 DSW INC CL A 23334L 10 2 626 45,685 SH SOLE 45,685 * DAVITA INC COM 23918K 10 8 30,861 541,328 SH SOLE 541,328 DYNEGY INC DEL CL A 26817G 10 2 11,634 3,249,836 SH SOLE 3,249,836 EAST WEST BANCORP INC COM 27579R 10 4 203 14,840 SH SOLE 14,840 ENERGIZER HLDGS INC COM 29266R 10 8 15,320 190,196 SH SOLE 190,196 ENTROPIC COMMUNICATIONS INC COM 29384R 10 5 187 132,700 SH SOLE 132,700 FELCOR LODGING TR INC COM 31430F 10 1 19,339 2,701,089 SH SOLE 2,701,089 * FINISAR COM 31787A 10 1 19,591 19,397,773 SH SOLE 19,397,773 FOUNDATION COAL HLDGS INC COM 35039W 10 0 25,246 709,557 SH SOLE 709,557 FRONTIER COMMUN CORP COM 35906A 10 8 14,483 1,259,326 SH SOLE 1,259,326 GAMESTOP CORP NEW CL A 36467W 10 9 11,756 343,643 SH SOLE 343,643 GMX RES INC COM 38011M 10 8 694 14,515 SH SOLE 14,515 HARRIS STRATEX NTWRKS INC CL A 41457P 10 6 267 34,215 SH SOLE 34,215 HOST HOTELS & RSRTS INC COM 44107P 10 4 15,798 1,188,744 SH SOLE 1,188,744 INTERCONTINENTALEXCHANGE INC COM 45865V 10 0 6,785 84,102 SH SOLE 84,102 INTERNAP NETWORK SVCS CORP COM 45885A 30 0 467 134,205 SH SOLE 134,205 INTERNATIONAL COAL GRP INC N COM 45928H 10 6 4,117 659,819 SH SOLE 659,819 INTERNATIONAL COAL GRP INC N NOTE 45928H AD 8 59 50,000 PRN SOLE 50,000 INTERSTATE HOTELS & RESRTS I COM 46088S 10 6 205 87,360 SH SOLE 87,360 KBR INC COM 48242W 10 6 22,104 1,447,554 SH SOLE 1,447,554 KODIAK OIL & GAS CORP COM 50015Q 10 0 255 169,720 SH SOLE 169,720 LAB CORP AMER HLDGS COM NEW 50540R 40 9 40,408 581,399 SH SOLE 581,399 LEVEL 3 COMMUN INC NOTE 52729N BA 7 79 100,000 PRN SOLE 100,000 LEVEL 3 COMMUN INC COM 52729N 10 0 22,099 8,184,795 SH SOLE 8,184,795 LIFE TIME FITNESS INC COM 53217R 20 7 9,070 290,059 SH SOLE 290,059 MARVEL ENTERTAINMENT INC COM 57383T 10 3 12,488 365,799 SH SOLE 365,799 NII HLDGS INC CL B 62913F 20 1 33,770 890,584 SH SOLE 890,584 NII HLDGS INC NOTE 62913F AJ 1 2,743 3,510,000 PRN SOLE 3,510,000 NATL FINL PRTNRS CORP NOTE 63607P AA 7 77 125,000 PRN SOLE 125,000 NATL FINL PRTNRS CORP COM 63607P 20 8 16,898 1,126,512 SH SOLE 1,126,512 NETAPP INC COM 64110D 10 4 10,380 569,386 SH SOLE 569,386 NOVAMED INC DEL COM 66986W 10 8 381 80,485 SH SOLE 80,485 NTELOS HLDGS CORP COM 67020Q 10 7 898 33,390 SH SOLE 33,390 OMNICELL INC COM 68213N 10 9 306 23,235 SH SOLE 23,235 PMC-SIERRA INC COM 69344F 10 6 22,935 3,090,963 SH SOLE 3,090,963 PACER INTL INC TENN COM 69373H 10 6 316 19,160 SH SOLE 19,160 PATRIOT COAL CORP COM 70336T 10 4 10,375 357,143 SH SOLE 357,143 PRIDE INTL INC DEL COM 74153Q 10 2 16,569 559,561 SH SOLE 559,561 * PROSHARES TR FINL 74347R 74 3 337 19,237 SH SOLE 19,237 QUEST DIAGNOSTICS INC COM 74834L 10 0 11,780 227,988 SH SOLE 227,988 RTI BIOLOGICS INC COM 74975N 10 5 376 40,165 SH SOLE 40,165 RANGE RES CORP COM 75281A 10 9 8,076 188,381 SH SOLE 188,381 RED ROBIN GOURMET BURGERS IN COM 75689M 10 1 418 15,595 SH SOLE 15,595 REGIONS FINANCIAL CORP NEW COM 7591EP 10 0 8,379 872,687 SH SOLE 872,687 RELIANT ENERGY INC COM 75952B 10 5 96 13,125 SH SOLE 13,125 SBA COMMUNICATIONS CORP NOTE 78388J AJ 5 90 100,000 PRN SOLE 100,000 SBA COMMUNICATIONS CORP COM 78388J 10 6 42,257 1,633,405 SH SOLE 1,633,405 SKILLED HEALTHCARE GROUP INC CL A 83066R 10 7 321 20,200 SH SOLE 20,200 SYNOVUS FINL CORP COM 87161C 10 5 21,220 2,050,162 SH SOLE 2,050,162 TW TELECOM INC COM 87311L 10 4 15,355 1,477,752 SH SOLE 1,477,752 * TESCO CORP COM 88157K 10 1 376 17,955 SH SOLE 17,955 TITAN INTL INC ILL COM 88830M 10 2 9,877 463,275 SH SOLE 463,275 * VALUECLICK INC COM 92046N 10 2 19,474 1,903,611 SH SOLE 1,903,611 WELLCARE HEALTH PLANS INC COM 94946T 10 6 9,702 269,501 SH SOLE 269,501 WYNDHAM WORLDWIDE CORP COM 98310W 10 8 20,388 1,297,789 SH SOLE 1,297,789 TOTAL 2,274,657 -----END PRIVACY-ENHANCED MESSAGE-----