-----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, QPHDdE5WOzegIdUK5l1BxUB4dNaVnrAaFVTm5Iyt+rCL+zpJaDn9LjWYHH/5RXCS WsHXYZJj/l81SopUJw5yfQ== 0001158202-08-000009.txt : 20080721 0001158202-08-000009.hdr.sgml : 20080721 20080721154649 ACCESSION NUMBER: 0001158202-08-000009 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080630 FILED AS OF DATE: 20080721 DATE AS OF CHANGE: 20080721 EFFECTIVENESS DATE: 20080721 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: 08961310 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 ii08filing.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: JUNE 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: 28-00017 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 JULY 21, 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: 251 Form 13F Information Table Value Total: $3,117,544 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 8 435 62,890 SH SOLE 62,890 * GLOBAL CROSSING LTD SHS NEW G3921A 17 5 11,994 668,536 SH SOLE 668,536 HERBALIFE LTD COM SHS G4412G 10 1 6,957 179,540 SH SOLE 179,540 MARVELL TECH GROUP LTD ORD G5876H 10 5 9,924 561,944 SH SOLE 561,944 MONTPELIER RE HLDGS LTD SHS G62185 10 6 12,448 843,938 SH SOLE 843,938 NABORS INDUSTRIES LTD SHS G6359F 10 3 11,572 235,063 SH SOLE 235,063 NOBLE CORPORATION SHS G65422 10 0 11,322 174,296 SH SOLE 174,296 RENAISSANCERE HLDGS LTD COM G7496G 10 3 18,857 422,127 SH SOLE 422,127 TBS INTERNATIONAL LIMITED COM G86975 15 1 286 7,165 SH SOLE 7,165 MILLICOM INTL CELLULAR S A SHS L6388F 11 0 21,106 203,918 SH SOLE 203,918 EXCEL MARITIME CARRIERS LTD COM V3267N 10 7 9,858 251,154 SH SOLE 251,154 DIANA SHIPPING INC COM Y2066G 10 4 13,944 454,058 SH SOLE 454,058 DRYSHIPS INC SHS Y2109Q 10 1 7,945 99,083 SH SOLE 99,083 BOYD GAMING CORP COM 103304 10 1 23,524 1,873,021 SH SOLE 1,873,021 BROADCOM CORP CL A 111320 10 7 9,844 360,715 SH SOLE 360,715 BROCADE COMM SYS I COM NEW 111621 30 6 15,584 1,891,276 SH SOLE 1,891,276 CARMIKE CINEMAS INC COM 143436 40 0 250 42,590 SH SOLE 42,590 CARPENTER TECH CORP COM 144285 10 3 7,109 162,866 SH SOLE 162,866 CENTRAL EUROPEAN DIST CORP COM 153435 10 2 9,919 133,781 SH SOLE 133,781 * CEPHALON INC COM 156708 10 9 5,579 83,653 SH SOLE 83,653 CERADYNE INC NOTE 156710 AA 3 64 70,000 PRN SOLE 70,000 * CERADYNE INC COM 156710 10 5 9,275 270,405 SH SOLE 270,405 * CERNER CORP COM 156782 10 4 22,894 506,737 SH SOLE 506,737 CHEESECAKE FACTORY INC COM 163072 10 1 5,679 356,977 SH SOLE 356,977 CHESAPEAKE ENGY CORP NOTE 165167 BZ 9 2,665 1,500,000 PRN SOLE 1,500,000 CHESAPEAKE ENGY CORP PFD cv 165167 84 2 218 1,355 SH SOLE 1,355 CINCINNATI BELL INC COM 171871 10 6 11,059 2,778,730 SH SOLE 2,778,730 CITY NATL CORP COM 178566 10 5 18,813 447,220 SH SOLE 447,220 CLEVELAND CLIFFS INC COM 185896 10 7 16,445 137,970 SH SOLE 137,970 COACH INC COM 189754 10 4 6,662 230,637 SH SOLE 230,637 COLONIAL BANCGROUP INC COM 195493 30 9 71 16,055 SH SOLE 16,055 COMMSCOPE INC COM 203372 10 7 24,955 472,896 SH SOLE 472,896 COMSTOCK RES INC COM NEW 205768 20 3 62,276 737,606 SH SOLE 737,606 CONEXANT SYS INC NOTE 207142 AH 3 3,480 4,560,000 PRN SOLE 4,560,000 * CONTINENTAL RES INC COM 212015 10 1 13,207 190,530 SH SOLE 190,530 CORNELL COMPANIES INC COM 219141 10 8 357 14,820 SH SOLE 14,820 CROWN CASTLE INTL CORP COM 228227 10 4 12,034 310,725 SH SOLE 310,725 * CURTISS WRIGHT CORP COM 231561 10 1 11,655 260,515 SH SOLE 260,515 CYPRESS BIOSCIENCES INC COM 232674 50 7 339 47,175 SH SOLE 47,175 DIALYSIS CORP AMER COM 252529 10 2 467 64,251 SH SOLE 64,251 DRIL-QUIP INC COM 262037 10 4 12,075 191,664 SH SOLE 191,664 ELECTRONIC ARTS INC COM 285512 10 9 6,732 151,493 SH SOLE 151,493 EXPRESS SCRIPTS INC COM 302182 10 0 11,235 179,118 SH SOLE 179,118 FAIRPOINT COMMUNICATIONS INC COM 305560 10 4 267 37,005 SH SOLE 37,005 FIRST FINL FD INC COM 320228 10 9 201 24,240 SH SOLE 24,240 FIRST HRZON NATL CORP COM 320517 10 5 10,508 1,414,131 SH SOLE 1,414,131 * FISERV INC COM 337738 10 8 4,954 109,205 SH SOLE 109,205 FLOTEK INDS INC DEL COM 343389 10 2 499 24,180 SH SOLE 24,180 FOREST LABS INC COM 345838 10 6 9,481 272,921 SH SOLE 272,921 GASCO ENERGY INC COM 367220 10 0 19,099 4,602,248 SH SOLE 4,602,248 GASTAR EXPL LTD COM 367299 10 4 519 202,740 SH SOLE 202,740 GAYLORD ENTMT CO NEW COM 367905 10 6 23,630 986,217 SH SOLE 986,217 GEN CABLE CORP DEL NEW NOTE 369300 AD 0 68 50,000 PRN SOLE 50,000 GEN CABLE CORP DEL NEW COM 369300 10 8 34,011 558,927 SH SOLE 558,927 GLOBAL CASH ACCESS HLDGS INC COM 378967 10 3 986 143,746 SH SOLE 143,746 GOODRICH CORP COM 382388 10 6 6,740 142,017 SH SOLE 142,017 GOODRICH PETE CORP COM NEW 382410 40 5 14,194 171,176 SH SOLE 171,176 GREY WOLF INC COM 397888 10 8 4,921 545,017 SH SOLE 545,017 GUESS INC COM 401617 10 5 6,516 173,986 SH SOLE 173,986 * HAIN CELESTIAL GRP INC COM 405217 10 0 22,959 977,792 SH SOLE 977,792 HAYES LEMMERZ INTL INC COM NEW 420781 30 4 318 111,870 SH SOLE 111,870 HEALTHEXTRAS INC COM 422211 10 2 14,749 489,384 SH SOLE 489,384 * HEALTHWAYS INC COM 422245 10 0 37,114 1,253,855 SH SOLE 1,253,855 HELMERICH & PAYNE INC COM 423452 10 1 22,393 310,930 SH SOLE 310,930 HENRY JACK & ASSOC INC COM 426281 10 1 5,102 235,779 SH SOLE 235,779 HERCULES OFFSHORE INC COM 427093 10 9 53,990 1,420,066 SH SOLE 1,420,066 HEXCEL CORP NEW COM 428291 10 8 12,471 646,184 PRN SOLE 646,184 HORNBECK OFFSHORE SVCS FRNT 440543 AE 6 178 135,000 PRN SOLE 135,000 HORNBECK OFFSHORE SVCS COM 440543 10 6 513 9,080 SH SOLE 9,080 HUNT J B TRANS SVCS INC COM 445658 10 7 17,916 538,318 SH SOLE 538,318 IMPERIAL SUGAR CO NEW COM NEW 453096 20 8 372 23,935 SH SOLE 23,935 INTEGRA LIFESCI HLDGS C COM 457985 20 8 13,807 310,425 SH SOLE 310,425 * INTL GAME TECHNOLOG COM 459902 10 2 6,396 256,027 SH SOLE 256,027 INTEROIL CORP COM 460951 10 6 254 8,650 SH SOLE 8,650 * ISHARES TR RUSSELL 464287 65 5 406 5,874 SH SOLE 5,874 ISLE OF CAPRI CASINOS INC COM 464592 10 4 96 20,000 SH SOLE 20,000 JACK IN THE BOX INC COM 466367 10 9 14,972 668,083 SH SOLE 668,083 JACKSON HEWITT TAX SVCS INC COM 468202 10 6 390 31,905 SH SOLE 31,905 JARDEN CORP COM 471109 10 8 8,658 474,624 SH SOLE 474,624 KANSAS CITY STHRN COM 485170 30 2 48,814 1,109,658 SH SOLE 1,109,658 * KENEXA CORP COM 488879 10 7 443 23,510 SH SOLE 23,510 KEY ENERGY SVCS INC COM 492914 10 6 12,425 639,833 SH SOLE 639,833 LADISH INC COM NEW 505754 20 0 668 32,455 SH SOLE 32,455 LANDAMERICA FINL GROUP INC COM 514936 10 3 7,472 336,703 SH SOLE 336,703 LEAP WIRELESS INTL INC COM 521863 30 8 27,223 630,618 SH SOLE 630,618 LODGENET INTERACTIVE CORP COM 540211 10 9 798 162,625 SH SOLE 162,625 LUCENT TECHNOLOGIES INC DBCV 549463 AG 2 73 80,000 PRN SOLE 80,000 MAGELLAN HLTH SVCS INC COM 559079 20 7 40,566 1,095,523 SH SOLE 1,095,523 MARATHON ACQUISITION CORP UNIT 565756 20 2 220 25,525 SH SOLE 25,525 MARSHALL & ILSLEY CORP COM 571837 10 3 20,987 1,369,012 SH SOLE 1,369,012 MARTEK BIOSCIENCES CORP COM 572901 10 6 12,106 359,117 SH SOLE 359,117 MESABI TR CTF 590672 10 1 433 14,065 SH SOLE 14,065 * MICROS SYS INC COM 594901 10 0 14,754 483,880 SH SOLE 483,880 MICRON TECH INC COM 595112 10 3 16,141 2,690,232 SH SOLE 2,690,232 MICROSEMI CORP COM 595137 10 0 15,635 620,914 SH SOLE 620,914 MONARCH CASINO & RESORT INC COM 609027 10 7 321 27,200 SH SOLE 27,200 * NBTY INC COM 628782 10 4 52,668 1,642,783 SH SOLE 1,642,783 NRG ENERGY INC COM NEW 629377 50 8 11,164 260,224 SH SOLE 260,224 NABORS INDS INC NOTE 629568 AP 1 49 40,000 PRN SOLE 40,000 NASDAQ OMX GROUP INC COM 631103 10 8 25,855 973,787 SH SOLE 973,787 NAVIGATORS GROUP INC COM 638904 10 2 416 7,692 SH SOLE 7,692 NEWALLIANCE BANCSHARES INC COM 650203 10 2 12,290 984,764 SH SOLE 984,764 NORTH AMERN ENERGY PARTNERS COM 656844 10 7 472 21,770 SH SOLE 21,770 NORTHERN OIL & GAS INC NEV COM 665531 10 9 469 35,315 SH SOLE 35,315 * NOVELL INC COM 670006 10 5 13,458 2,284,953 PRN SOLE 2,284,953 OYO GEOSPACE CORP COM 671074 10 2 462 7,835 SH SOLE 7,835 OCEANEERING INTL INC COM 675232 10 2 18,772 243,632 SH SOLE 243,632 OIL STS INTL INC COM 678026 10 5 14,727 232,136 PRN SOLE 232,136 OMNICARE INC DBCV 681904 AL 2 1,423 1,900,000 PRN SOLE 1,900,000 ON SEMICONDUCTOR CORP COM 682189 10 5 59,061 6,440,905 SH SOLE 6,440,905 PAETEC HOLDING CORP COM 695459 10 7 29,304 4,614,779 SH SOLE 4,614,779 PEABODY ENERGY CORP SDCV 704549 AG 9 165 100,000 PRN SOLE 100,000 PENN VA CORP COM 707882 10 6 5,841 77,437 SH SOLE 77,437 PEOPLES UNTD FINL COM 712704 10 5 16,130 1,033,912 SH SOLE 1,033,912 PETROHAWK ENRGY CORP COM 716495 10 6 75,799 1,636,764 SH SOLE 1,636,764 PETSMART INC COM 716768 10 6 12,340 618,553 SH SOLE 618,553 PHILLIPS VAN HEUSEN CORP COM 718592 10 8 19,920 543,948 SH SOLE 543,948 PINNACLE ENTMT INC COM 723456 10 9 44,503 4,242,416 SH SOLE 4,242,416 PINNACLE GAS RESOURCES INC COM 723464 30 1 71 19,670 SH SOLE 19,670 PIONEER DRILLING CO COM 723655 10 6 5,338 283,806 SH SOLE 283,806 PRECISION CASTPARTS CORP COM 740189 10 5 7,561 78,458 SH SOLE 78,458 QUANTUM CORP COM 747906 20 4 14 10,000 SH SOLE 10,000 RF MICRODEVICES INC NOTE 749941 AJ 9 65 100,000 PRN SOLE 100,000 RF MICRODEVICES INC COM 749941 10 0 22,838 7,875,107 SH SOLE 7,875,107 REGAL ENTMT GROUP CL A 758766 10 9 17,231 1,127,675 SH SOLE 1,127,675 REX ENERGY CORPORATION COM 761565 10 0 438 16,600 PRN SOLE 16,600 RIVERBED TECHNOLOGY INC COM 768573 10 7 11,643 848,677 SH SOLE 848,677 ROWAN COS INC COM 779382 10 0 37,542 803,034 SH SOLE 803,034 RUBY TUESDAY INC COM 781182 10 0 303 56,030 SH SOLE 56,030 ST JUDE MED INC COM 790849 10 3 8,548 209,094 SH SOLE 209,094 SAVVIS INC NOTE 805423 AA 8 2,696 3,700,000 PRN SOLE 3,700,000 SAVVIS INC COM NEW 805423 30 8 43,201 3,346,353 SH SOLE 3,346,353 SEACOAST BKG CORP FLA COM 811707 30 6 140 18,060 SH SOLE 18,060 SOUTHWESTERN ENERGY CO COM 845467 10 9 9,750 204,780 SH SOLE 204,780 SPIRIT AEROSYST HLDGS INC COM 848574 10 9 6,295 328,192 SH SOLE 328,192 STARBUCKS CORP COM 855244 10 9 7,011 445,450 PRN SOLE 445,450 SUN HEALTHCARE GROUP INC COM NEW 866933 40 1 371 27,725 SH SOLE 27,725 TCF FINL CORP COM 872275 10 2 6,167 512,592 SH SOLE 512,592 THQ INC COM NEW 872443 40 3 9,053 446,850 SH SOLE 446,850 * TEREX CORP NEW COM 880779 10 3 7,145 139,084 SH SOLE 139,084 TERREMARK WRLDWDE INC NOTE 881448 AC 8 148 150,000 PRN SOLE 150,000 TERREMARK WRLDWDE INC COM 881448 20 3 10,979 2,010,964 SH SOLE 2,010,964 TITANIUM METALS CORP COM 888339 20 7 24,542 1,754,287 SH SOLE 1,754,287 TOTAL SYS SVCS INC COM 891906 10 9 20,758 934,174 SH SOLE 934,174 TRANSACT TECHNOLOGIES INC COM 892918 10 3 354 42,695 SH SOLE 42,695 TRIUMPH GROUP INC NEW COM 896818 10 1 11,678 247,936 SH SOLE 247,936 TRIZETTO GROUP INC NOTE 896882 AD 9 65 60,000 PRN SOLE 60,000 * ULTRA PETROLEUM CORP COM 903914 10 9 13,749 140,015 SH SOLE 140,015 UNITED STATES NATL GAS FUND UNIT 912318 10 2 2,197 34,895 SH SOLE 34,895 * VCA ANTECH INC COM 918194 10 1 9,317 335,410 SH SOLE 335,410 WESTMORELAND COAL CO COM 960878 10 6 826 39,141 SH SOLE 39,141 WILLBROS GROUP INC COM 969199 10 8 710 16,205 SH SOLE 16,205 * ZOLL MED CORP COM 989922 10 9 350 10,395 SH SOLE 10,395 ACTUATE CORP COM 00508B 10 2 326 83,465 SH SOLE 83,465 ADVANCED MED OPTCS NOTE 00763M AK 4 1,559 2,100,000 PRN SOLE 2,100,000 ADVANCED MED OPTCS COM 00763M 10 8 29,468 1,572,479 SH SOLE 1,572,479 * AGNICO EAGLE MINES LTD COM 008474 10 8 6,692 89,982 PRN SOLE 89,982 * AKAMAI TECHNOLOGIES INC COM 00971T 10 1 30,046 863,624 SH SOLE 863,624 * ALEXANDER & BALDWIN INC COM 014482 10 3 285 6,265 SH SOLE 6,265 ALLEGHANY CORP DEL COM 017175 10 0 25,247 76,036 SH SOLE 76,036 * ALLEGHENY TECH INC COM 01741R 10 2 42,057 709,462 PRN SOLE 709,462 ALPHA NATURAL RESOURCES INC COM 02076X 10 2 7,758 74,390 SH SOLE 74,390 ALPHARMA INC NOTE 020813 AH 4 58 60,000 PRN SOLE 60,000 ALPHARMA INC CL A 020813 10 1 12,838 569,810 SH SOLE 569,810 AMERICAN CAPITAL AGENCY CORP COM 02503X 10 5 313 18,840 SH SOLE 18,840 AMERICAN TOWER CORP CL A 029912 20 1 12,619 298,686 SH SOLE 298,686 AMERICREDIT CORP NOTE 03060R AR 2 30 50,000 PRN SOLE 50,000 AMERISTAR CASINOS INC COM 03070Q 10 1 20,865 1,509,711 SH SOLE 1,509,711 AMERON INTL INC COM 030710 10 7 422 3,520 SH SOLE 3,520 ARCH COAL INC COM 039380 10 0 62,207 829,100 SH SOLE 829,100 ARIBA INC COM NEW 04033V 20 3 14,712 1,000,119 SH SOLE 1,000,119 ARUBA NETWORKS INC COM 043176 10 6 306 58,535 SH SOLE 58,535 ASHFORD HSPITALITY TR INC COM 044103 10 9 554 120,000 SH SOLE 120,000 ASSURANT INC COM 04621X 10 8 10,888 165,064 SH SOLE 165,064 ATLANTIC TELE NETWORK INC COM NEW 049079 20 5 383 13,930 SH SOLE 13,930 ATWOOD OCEANICS INC COM 050095 10 8 20,199 162,441 SH SOLE 162,441 BJ SVCS CO COM 055482 10 3 256 8,000 SH SOLE 8,000 * BALLY TECHNOLOGIES INC COM 05874B 10 7 25,597 757,319 SH SOLE 757,319 BARR PHARMACEUTICALS INC COM 068306 10 9 34,354 762,098 SH SOLE 762,098 BARRETT BILL CORP COM 06846N 10 4 34,728 584,539 SH SOLE 584,539 BE AEROSPACE INC COM 073302 10 1 484 20,770 SH SOLE 20,770 BELDEN INC COM 077454 10 6 54,373 1,604,889 SH SOLE 1,604,889 BIO-REFERENCE LABS INC COM 09057G 60 2 510 22,865 SH SOLE 22,865 BLUE COAT SYS INC COM 09534T 50 8 15,732 1,115,024 SH SOLE 1,115,024 BON-TON STORES INC COM 09776J 10 1 235 45,030 SH SOLE 45,030 BOOKHAM INC COM 09856E 10 5 6,231 3,687,206 SH SOLE 3,687,206 CKE RESTAURANTS INC COM 12561E 10 5 405 32,510 SH SOLE 32,510 CLECO CORP NEW COM 12561W 10 5 7,441 318,886 SH SOLE 318,886 CANADIAN PAC RY LTD COM 13645T 10 0 6,110 92,379 SH SOLE 92,379 CENTENNIAL COMM CORP N CL A 15133V 20 8 817 116,910 SH SOLE 116,910 CHART INDS INC COM 16115Q 30 8 18,294 376,109 SH SOLE 376,109 CINEMARK HOLDINGS INC COM 17243V 10 2 6,402 490,232 SH SOLE 490,232 CITIZENS COMM CO COM 17453B 10 1 15,513 1,368,012 SH SOLE 1,368,012 * COINSTAR INC COM 19259P 30 0 9,116 278,703 SH SOLE 278,703 COLLECTIVE BRANDS INC COM 19421W 10 0 12,808 1,101,312 SH SOLE 1,101,312 * DAVITA INC COM 23918K 10 8 30,630 576,520 SH SOLE 576,520 DISH NETWORK CORP CL A 25470M 10 9 6,869 234,629 SH SOLE 234,629 DYNEGY INC DEL CL A 26817G 10 2 29,590 3,460,827 SH SOLE 3,460,827 ENTROPIC COMMUNICATIONS INC COM 29384R 10 5 432 90,845 SH SOLE 90,845 FELCOR LODGING TR INC COM 31430F 10 1 30,863 2,939,367 SH SOLE 2,939,367 FELCOR LODGING TR INC PFD 31430F 20 0 297 15,600 SH SOLE 15,600 FIDELITY NATL FNCL CL A 31620R 10 5 14,785 1,173,330 SH SOLE 1,173,330 * FINISAR COM 31787A 10 1 22,648 19,032,168 SH SOLE 19,032,168 FOUNDATION COAL HLDGS INC COM 35039W 10 0 54,819 618,871 SH SOLE 618,871 GENTIVA HEALTH SERVICES INC COM 37247A 10 2 383 20,080 SH SOLE 20,080 GEOGLOBAL RESOURCES INC COM 37249T 10 9 141 66,315 SH SOLE 66,315 GMX RES INC COM 38011M 10 8 645 8,700 PRN SOLE 8,700 HORIZON LINES INC COM 44044K 10 1 183 18,380 SH SOLE 18,380 HOST HOTELS & RESORTS INC COM 44107P 10 4 10,582 775,223 SH SOLE 775,223 INTERCONTINENTALEXCHANGE INC COM 45865V 10 0 8,202 71,946 SH SOLE 71,946 INTERNAP NTWRK SVCS CORP COM 45885A 30 0 347 74,080 SH SOLE 74,080 INTL COAL GRP INC N NOTE 45928H AD 8 113 50,000 PRN SOLE 50,000 * INTL COAL GRP INC COM 45928H 10 6 22,018 1,687,214 SH SOLE 1,687,214 INTERSTATE HOTELS & RESRTS I COM 46088S 10 6 199 76,780 SH SOLE 76,780 ION MEDIA NETWORKS INC NOTE 46205A AB 9 8 27,294 PRN SOLE 27,294 * KBR INC COM 48242W 10 6 37,278 1,067,814 PRN SOLE 1,067,814 KODIAK OIL & GAS CORP COM 50015Q 10 0 513 112,400 SH SOLE 112,400 LAB CORP AMER HLDGS COM NEW 50540R 40 9 29,184 419,123 SH SOLE 419,123 LEVEL 3 COMM INC NOTE 52729N BA 7 85 100,000 PRN SOLE 100,000 LEVEL 3 COMM INC COM 52729N 10 0 25,682 8,705,805 SH SOLE 8,705,805 LIFE TIME FITNESS INC COM 53217R 20 7 4,239 143,459 SH SOLE 143,459 MARVEL ENTERTAINMENT INC COM 57383T 10 3 13,174 409,874 SH SOLE 409,874 MEDIACOM COMMUNICATIONS CORP CL A 58446K 10 5 281 52,600 SH SOLE 52,600 MIRANT CORP NEW COM 60467R 10 0 39,556 1,010,372 SH SOLE 1,010,372 NII HLDGS INC NOTE 62913F AJ 1 3,060 3,550,000 PRN SOLE 3,550,000 NII HLDGS INC CL B 62913F 20 1 56,412 1,187,893 SH SOLE 1,187,893 NATL FINL PRTNRS CORP NOTE 63607P AA 7 85 125,000 PRN SOLE 125,000 NATL FINL PRTNRS CORP COM 63607P 20 8 22,784 1,149,511 SH SOLE 1,149,511 NETAPP INC COM 64110D 10 4 26,895 1,241,687 SH SOLE 1,241,687 NOVAMED INC DEL COM 66986W 10 8 265 70,165 SH SOLE 70,165 NTELOS HLDGS CORP COM 67020Q 10 7 730 28,765 SH SOLE 28,765 PMC-SIERRA INC COM 69344F 10 6 28,430 3,721,298 SH SOLE 3,721,298 PRIDE INTL INC DEL COM 74153Q 10 2 28,202 596,367 SH SOLE 596,367 PROGRESSIVE GAMING INTL CORP COM 74332S 10 2 219 174,840 SH SOLE 174,840 QUEST DIAGNOSTICS INC COM 74834L 10 0 11,652 240,392 SH SOLE 240,392 RTI INTL METALS INC COM 74973W 10 7 32,782 920,322 SH SOLE 920,322 RANGE RES CORP COM 75281A 10 9 9,928 151,471 SH SOLE 151,471 RELIANT ENERGY INC COM 75952B 10 5 25,348 1,191,761 SH SOLE 1,191,761 SBA COMMUNICATIONS CORP NOTE 78388J AJ 5 118 100,000 PRN SOLE 100,000 SBA COMM CORP COM 78388J 10 6 61,261 1,701,228 SH SOLE 1,701,228 * SPDR GOLD TRUST SHS 78463V 10 7 1,124 12,300 SH SOLE 12,300 SKILLED HEALTHCARE GROUP INC CL A 83066R 10 7 368 27,405 SH SOLE 27,405 SUPERIOR WELL SVCS INC COM 86837X 10 5 270 8,500 SH SOLE 8,500 SYNOVUS FINL CORP COM 87161C 10 5 13,363 1,530,713 SH SOLE 1,530,713 * TESCO CORP COM 88157K 10 1 399 12,475 SH SOLE 12,475 TITAN INTL INC ILL COM 88830M 10 2 13,253 372,073 SH SOLE 372,073 UNITED CMNTY BKS BLAIRSVLE G CAP 90984P 10 5 361 42,360 SH SOLE 42,360 * VALUECLICK INC COM 92046N 10 2 21,975 1,450,530 SH SOLE 1,450,530 WALTER INDS INC COM 93317Q 10 5 28,969 266,329 SH SOLE 266,329 WELLCARE HEALTH PLANS INC COM 94946T 10 6 8,596 237,757 SH SOLE 237,757 WYNDHAM WORLDWIDE CORP COM 98310W 10 8 23,488 1,311,495 SH SOLE 1,311,495 TOTAL 3,117,544 -----END PRIVACY-ENHANCED MESSAGE-----