0001158202-12-000010.txt : 20120815 0001158202-12-000010.hdr.sgml : 20120815 20120815150910 ACCESSION NUMBER: 0001158202-12-000010 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120815 DATE AS OF CHANGE: 20120815 EFFECTIVENESS DATE: 20120815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENN CAPITAL MANAGEMENT CO INC CENTRAL INDEX KEY: 0001158202 IRS NUMBER: 222796848 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11296 FILM NUMBER: 121036861 BUSINESS ADDRESS: STREET 1: 3 CRESCENT DRIVE, SUITE 400 CITY: PHILADELPHIA STATE: PA ZIP: 19112 BUSINESS PHONE: 2153021532 MAIL ADDRESS: STREET 1: 3 CRESCENT DRIVE, SUITE 400 CITY: PHILADELPHIA STATE: PA ZIP: 19112 13F-HR 1 pcm2q201213f.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, 2012 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: Navy Yard Corporate Center, 3 Crescent Drive, Suite 400 Philadelphia, PA 19112 Form 13F File Number: 1 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: 215-302-1500 Signature, Place, and Date of Signing: Eric J. Green Philadelphia, PA August 15, 2012 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: 28-01190, 028-14511 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 302 Form 13F Information Table Value Total: 2,351,999 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 AAR CORP COM 000361 10 5 7,139 529,582 SH SOLE 529,582 AES CORP COM 00130H 10 5 4,457 342,605 SH SOLE 342,605 ACME PACKET INC COM 004764 10 6 22,897 1,226,057 SH SOLE 1,226,057 ACTUANT CORP CL A NE 00508X 20 3 24,151 890,337 SH SOLE 890,337 AEGION CORP COM 00770F 10 4 8,732 488,079 SH SOLE 488,079 ADVANCED MICRO DEV NOTE 007903 AN 7 4,511 4,500,000 PRN SOLE 4,500,000 AIRGAS INC COM 009363 10 2 12,233 147,377 SH SOLE 147,377 ALERE INC NOTE 01449J AA 3 2,310 2,572,000 PRN SOLE 2,572,000 ALLEGHENY TECHNOLO COM 01741R 10 2 12,549 394,587 SH SOLE 394,587 ALLEGHENY TECHNOLO NOTE 01741R AD 4 2,710 2,333,000 PRN SOLE 2,333,000 ALPHATEC HOLDINGS COM 02081G 10 2 1,658 901,226 SH SOLE 901,226 AMERICAN GREETINGS CL A 026375 10 5 1,129 77,232 SH SOLE 77,232 AMERICAN RAILCAR I COM 02916P 10 3 4,291 158,334 SH SOLE 158,334 AMERISTAR CASINOS COM 03070Q 10 1 3,271 184,083 SH SOLE 184,083 AMERIGROUP CORP COM 03073T 10 2 17,489 266,416 SH SOLE 266,416 APPROACH RESOURCES COM 03834A 10 3 956 37,420 SH SOLE 37,420 ATMEL CORP COM 049513 10 4 11,729 1,717,691 SH SOLE 1,717,691 ATWOOD OCEANICS IN COM 050095 10 8 6,449 170,604 SH SOLE 170,604 AUXILIUM PHARMACEU COM 05334D 10 7 12,397 460,922 SH SOLE 460,922 AVIAT NETWORKS INC COM 05366Y 10 2 9,587 3,424,088 SH SOLE 3,424,088 AVIS BUDGET GROUP COM 053774 10 5 13,833 907,743 SH SOLE 907,743 AVIS BUDGET GROUP NOTE 053774 AB 1 3,033 2,432,000 PRN SOLE 2,432,000 AVISTA CORP COM 05379B 10 7 4,388 164,241 SH SOLE 164,241 BALLY TECHNOLOGIES COM 05874B 10 7 27,455 590,270 SH SOLE 590,270 BANK OF AMERICA CO PFD L 060505 68 2 29,091 29,837 SH SOLE 29,837 BELO CORP COM SER 080555 10 5 12,470 1,925,591 SH SOLE 1,925,591 BIO-REFERENCE LABS COM $.0 09057G 60 2 3,420 130,136 SH SOLE 130,136 BLOUNT INTL INC NE COM 095180 10 5 759 51,841 SH SOLE 51,841 BODY CENT CORP COM 09689U 10 2 1,516 168,465 SH SOLE 168,465 BOSTON PROPERTIES COM 101121 10 1 2,928 27,665 SH SOLE 27,665 BRIGGS & STRATTON COM 109043 10 9 1,950 111,518 SH SOLE 111,518 BROOKDALE SR LIVIN COM 112463 10 4 8,192 461,093 SH SOLE 461,093 Brookdale Senior L NOTE 112463 AA 2 4,153 4,469,000 PRN SOLE 4,469,000 BUFFALO WILD WINGS COM 119848 10 9 9,748 112,914 SH SOLE 112,914 CBS CORP NEW CL B 124857 20 2 5,920 180,974 SH SOLE 180,974 CF INDS HLDGS INC COM 125269 10 0 1,982 10,678 SH SOLE 10,678 CIT GROUP INC COM NEW 125581 80 1 3,855 108,433 SH SOLE 108,433 CMS ENERGY CORP COM 125896 10 0 1,993 84,790 SH SOLE 84,790 CABOT OIL & GAS CO COM 127097 10 3 19,032 483,276 SH SOLE 483,276 CADENCE DESIGN SYS COM 127387 10 8 11,488 1,041,889 SH SOLE 1,041,889 CAMDEN PPTY TR SH BEN 133131 10 2 17,694 263,231 SH SOLE 263,231 CAMERON INTERNATIO COM 13342B 10 5 3,945 92,938 SH SOLE 92,938 CAMPUS CREST CMNTY COM 13466Y 10 5 1,832 176,293 SH SOLE 176,293 CAREFUSION CORP COM 14170T 10 1 15,014 584,714 SH SOLE 584,714 CARIBOU COFFEE INC COM 142042 20 9 3,264 252,857 SH SOLE 252,857 CARMIKE CINEMAS IN COM 143436 40 0 1,430 97,612 SH SOLE 97,612 CASTLE A M & CO COM 148411 10 1 1,191 112,177 SH SOLE 112,177 CAVIUM INC COM 14964U 10 8 27,376 979,179 SH SOLE 979,179 CBEYOND INC COM 149847 10 5 12,429 1,830,540 SH SOLE 1,830,540 CELANESE CORP DEL COM SER 150870 10 3 2,472 71,615 SH SOLE 71,615 CENTENE CORP DEL COM 15135B 10 1 6,160 204,170 SH SOLE 204,170 CENTURY CASINOS IN COM 156492 10 0 1,002 368,334 SH SOLE 368,334 CHART INDS INC COM PAR 16115Q 30 8 16,141 235,719 SH SOLE 235,719 CHART INDS INC NOTE 16115Q AC 4 2,791 2,278,000 PRN SOLE 2,278,000 CHATHAM LODGING TR COM 16208T 10 2 2,373 166,148 SH SOLE 166,148 CHEMTURA CORP COM NEW 163893 20 9 11,775 810,394 SH SOLE 810,394 CHICOS FAS INC COM 168615 10 2 20,593 1,384,640 SH SOLE 1,384,640 CIENA CORP COM NEW 171779 30 9 18,433 1,124,238 SH SOLE 1,124,238 CIENA CORP NOTE 171779 AE 1 296 358,000 PRN SOLE 358,000 CINCINNATI BELL IN COM 171871 10 6 575 154,669 SH SOLE 154,669 CINEMARK HOLDINGS COM 17243V 10 2 15,500 677,998 SH SOLE 677,998 CIRCOR INTL INC COM 17273K 10 9 4,463 130,923 SH SOLE 130,923 CLEARWATER PAPER C COM 18538R 10 3 6,493 190,339 SH SOLE 190,339 CLIFFS NATURAL RES COM 18683K 10 1 3,797 77,721 SH SOLE 77,721 COMERICA INC COM 200340 10 7 27,496 896,113 SH SOLE 896,113 COMSTOCK RES INC COM NEW 205768 20 3 578 35,230 SH SOLE 35,230 CONCHO RES INC COM 20605P 10 1 3,023 36,197 SH SOLE 36,197 CROWN CASTLE INTL COM 228227 10 4 5,822 100,258 SH SOLE 100,258 CROWN HOLDINGS INC COM 228368 10 6 11,502 334,002 SH SOLE 334,002 DSW INC CL A 23334L 10 2 8,396 154,640 SH SOLE 154,640 DANA HOLDING CORP COM 235825 20 5 5,963 464,215 SH SOLE 464,215 DARDEN RESTAURANTS COM 237194 10 5 1,632 32,498 SH SOLE 32,498 DAVITA INC COM 23918K 10 8 6,539 67,129 SH SOLE 67,129 DIAMONDROCK HOSPIT COM 252784 30 1 10,685 1,042,318 SH SOLE 1,042,318 DIGITAL CINEMA DES CL A CO 25383B 10 9 629 100,000 SH SOLE 100,000 DIGITAL RIV INC COM 25388B 10 4 16,331 980,846 SH SOLE 980,846 DIGITAL RIV INC NOTE 25388B AD 6 7,297 7,825,000 PRN SOLE 7,825,000 DISCOVERY COMMUNIC COM SER 25470F 10 4 3,659 68,368 SH SOLE 68,368 DISH NETWORK CORP CL A 25470M 10 9 862 30,197 SH SOLE 30,197 DOVER CORP COM 260003 10 8 3,964 74,683 SH SOLE 74,683 DRESSER-RAND GROUP COM 261608 10 3 2,891 65,432 SH SOLE 65,432 DUCOMMUN INC DEL COM 264147 10 9 3,616 368,560 SH SOLE 368,560 E M C CORP MASS NOTE 268648 AM 4 4,401 2,732,000 PRN SOLE 2,732,000 EXCO RESOURCES INC COM 269279 40 2 2,949 386,121 SH SOLE 386,121 EAGLE MATERIALS IN COM 26969P 10 8 5,330 142,881 SH SOLE 142,881 EDWARDS LIFESCIENC COM 28176E 10 8 1,643 16,600 SH SOLE 16,600 ELLIS PERRY INTL I COM 288853 10 4 1,368 65,917 SH SOLE 65,917 ENTERGY CORP NEW COM 29364G 10 3 3,375 50,336 SH SOLE 50,336 ESTERLINE TECHNOLO COM 297425 10 0 17,198 277,393 SH SOLE 277,393 EXFO INC SUB VTG 302046 10 7 1,813 363,262 SH SOLE 363,262 F M C CORP COM NEW 302491 30 3 3,693 69,722 SH SOLE 69,722 FSI INTL INC COM 302633 10 2 1,273 354,731 SH SOLE 354,731 FARO TECHNOLOGIES COM 311642 10 2 627 14,900 SH SOLE 14,900 FELCOR LODGING TR COM 31430F 10 1 4,264 899,781 SH SOLE 899,781 FIRST HORIZON NATL COM 320517 10 5 9,863 1,135,182 SH SOLE 1,135,182 FIRST MIDWEST BANC COM 320867 10 4 2,806 255,601 SH SOLE 255,601 FIRST NIAGARA FINL COM 33582V 10 8 1,843 240,880 SH SOLE 240,880 FIRSTMERIT CORP COM 337915 10 2 5,776 349,072 SH SOLE 349,072 FLOW INTL CORP COM 343468 10 4 1,790 568,424 SH SOLE 568,424 FLOWSERVE CORP COM 34354P 10 5 16,255 142,998 SH SOLE 142,998 FORD MTR CO DEL NOTE 345370 CN 8 2,360 1,695,000 PRN SOLE 1,695,000 FRESH MKT INC COM 35804H 10 6 369 6,880 SH SOLE 6,880 GAYLORD ENTMT CO N COM 367905 10 6 30,319 787,656 SH SOLE 787,656 GENERAL CABLE CORP NOTE 369300 AD 0 955 1,004,000 PRN SOLE 1,004,000 GENERAL MTRS CO JR PFD CNV 37045V 20 9 2,012 60,605 SH SOLE 60,605 GENESEE & WYO INC CL A 371559 10 5 7,133 135,267 SH SOLE 135,267 GLOBAL CASH ACCESS COM 378967 10 3 700 97,039 SH SOLE 97,039 GOODRICH PETE CORP COM NEW 382410 40 5 416 30,019 SH SOLE 30,019 GOOGLE INC CL A 38259P 50 8 609 1,050 SH SOLE 1,050 GORMAN RUPP CO COM 383082 10 4 2,915 97,831 SH SOLE 97,831 GRAFTECH INTL LTD COM 384313 10 2 8,274 851,805 SH SOLE 851,805 GRANITE CONSTR INC COM 387328 10 7 544 20,850 SH SOLE 20,850 GREAT LAKES DREDGE COM 390607 10 9 3,063 430,175 SH SOLE 430,175 GREATBATCH INC COM 39153L 10 6 3,213 141,469 SH SOLE 141,469 GREENBRIER COS INC COM 393657 10 1 7,618 433,315 SH SOLE 433,315 GUESS INC COM 401617 10 5 18,785 619,811 SH SOLE 619,811 HAIN CELESTIAL GRO COM 405217 10 0 9,568 174,198 SH SOLE 174,198 HANCOCK HLDG CO COM 410120 10 9 35,916 1,180,278 SH SOLE 1,180,278 HARRIS CORP DEL COM 413875 10 5 2,817 67,654 SH SOLE 67,654 HARRY WINSTON DIAM COM 41587B 10 0 18,985 1,664,579 SH SOLE 1,664,579 HARVEST NATURAL RE COM 41754V 10 3 86 10,000 SH SOLE 10,000 HEINZ H J CO COM 423074 10 3 3,858 71,591 SH SOLE 71,591 HERCULES OFFSHORE COM 427093 10 9 14,821 4,147,258 SH SOLE 4,147,258 HERCULES OFFSHORE NOTE 427093 AD 1 1,022 1,032,000 PRN SOLE 1,032,000 HERCULES TECH GROW CAP INC 427096 50 8 3,398 299,611 SH SOLE 299,611 HERSHA HOSPITALITY SH BEN 427825 10 4 5,273 998,687 SH SOLE 998,687 HERSHEY CO COM 427866 10 8 3,027 42,651 SH SOLE 42,651 HERTZ GLOBAL HOLDI COM 42805T 10 5 4,198 323,804 SH SOLE 323,804 HEXCEL CORP NEW COM 428291 10 8 13,446 521,253 SH SOLE 521,253 HOLOGIC INC COM 436440 10 1 28,161 1,556,408 SH SOLE 1,556,408 HOLOGIC INC FRNT 2 436440 AA 9 4,399 4,500,000 SH SOLE 4,500,000 HOLOGIC INC FRNT 2 436440 AB 7 2,465 2,350,000 SH SOLE 2,350,000 HOME BANCSHARES IN COM 436893 20 0 2,707 88,518 SH SOLE 88,518 HOME PROPERTIES IN COM 437306 10 3 9,036 147,609 SH SOLE 147,609 HOST HOTELS & RESO COM 44107P 10 4 3,191 199,950 SH SOLE 199,950 HUB GROUP INC CL A 443320 10 6 569 15,716 SH SOLE 15,716 ICON PUB LTD CO SPONSOR 45103T 10 7 34,742 1,541,419 SH SOLE 1,541,419 IDEX CORP COM 45167R 10 4 20,527 527,702 SH SOLE 527,702 IMAX CORP COM 45245E 10 9 7,192 299,076 SH SOLE 299,076 INFORMATICA CORP COM 45666Q 10 2 12,854 304,627 SH SOLE 304,627 INTERMEC INC COM 458786 10 0 2,191 353,401 SH SOLE 353,401 INTERNAP NETWORK S COM PAR 45885A 30 0 697 107,120 SH SOLE 107,120 INTL PAPER CO COM 460146 10 3 5,407 187,123 SH SOLE 187,123 INTERPUBLIC GROUP COM 460690 10 0 23,129 2,116,044 SH SOLE 2,116,044 INTERPUBLIC GROUP NOTE 460690 BE 9 2,102 1,952,000 PRN SOLE 1,952,000 ISHARES TR RUSSELL 464287 49 9 1,310 12,459 SH SOLE 12,459 ISHARES TR RUSSELL 464287 65 5 531 6,687 SH SOLE 6,687 ISLE OF CAPRI CASI COM 464592 10 4 3,382 548,107 SH SOLE 548,107 JDS UNIPHASE CORP COM PAR 46612J 50 7 36,887 3,335,972 SH SOLE 3,335,972 JPMORGAN CHASE & C COM 46625H 10 0 837 23,425 SH SOLE 23,425 JOY GLOBAL INC COM 481165 10 8 3,298 58,808 SH SOLE 58,808 KBR INC COM 48242W 10 6 12,381 501,047 SH SOLE 501,047 KAISER ALUMINUM CO COM PAR 483007 70 4 12,374 239,102 SH SOLE 239,102 KANSAS CITY SOUTHE COM NEW 485170 30 2 18,921 274,033 SH SOLE 274,033 KENEXA CORP COM 488879 10 7 12,218 420,919 SH SOLE 420,919 KEY ENERGY SVCS IN COM 492914 10 6 5,423 709,897 SH SOLE 709,897 KEYCORP NEW PFD 7.7 493267 40 5 2,555 22,875 SH SOLE 22,875 KILROY RLTY CORP COM 49427F 10 8 7,485 154,868 SH SOLE 154,868 KODIAK OIL & GAS C COM 50015Q 10 0 7,535 913,521 SH SOLE 913,521 LMI AEROSPACE INC COM 502079 10 6 4,011 230,807 SH SOLE 230,807 LAM RESEARCH CORP NOTE 512807 AL 2 2,466 2,500,000 PRN SOLE 2,500,000 LASALLE HOTEL PPTY COM SH 517942 10 8 11,409 392,020 SH SOLE 392,020 LEAP WIRELESS INTL COM NEW 521863 30 8 1,934 300,730 SH SOLE 300,730 LEAP WIRELESS INTL IN 521863 AL 4 4,606 4,860,000 SH SOLE 4,860,000 LEAR CORP COM NEW 521865 20 4 16,511 438,158 SH SOLE 438,158 LEGG MASON INC COM 524901 10 5 12,306 467,388 SH SOLE 467,388 LIBERTY MEDIA CORP CAP COM 530322 10 6 2,859 33,113 SH SOLE 33,113 LIFE TIME FITNESS COM 53217R 20 7 6,808 146,608 SH SOLE 146,608 LIN TV CORP CL A 532774 10 6 1,293 428,295 SH SOLE 428,295 LITTELFUSE INC COM 537008 10 4 965 16,960 SH SOLE 16,960 LOCAL COM CORP COM 53954R 10 5 2,127 878,982 SH SOLE 878,982 LODGENET INTERACTI COM 540211 10 9 1,706 1,302,084 SH SOLE 1,302,084 LUCENT TECHNOLOGIE DBCV 549463 AH 0 1,658 1,684,000 SH SOLE 1,684,000 MGM RESORTS INTERN NOTE 55303Q AE 0 3,885 3,828,000 PRN SOLE 3,828,000 MAGNUM HUNTER RES COM 55973B 10 2 8,926 2,117,017 SH SOLE 2,117,017 MANITOWOC INC COM 563571 10 8 117 10,000 SH SOLE 10,000 MASSEY ENERGY CO NOTE 576203 AJ 2 10,285 11,890,000 PRN SOLE 11,890,000 MEADOWBROOK INS GR COM 58319P 10 8 1,188 135,128 SH SOLE 135,128 MERIT MED SYS INC COM 589889 10 4 3,620 262,107 SH SOLE 262,107 MICROCHIP TECHNOLO COM 595017 10 4 1,587 48,060 SH SOLE 48,060 MICRON TECHNOLOGY DEBT 1 595112 AK 9 1,202 1,367,000 SH SOLE 1,367,000 MINDSPEED TECHNOLO COM NEW 602682 20 5 671 272,571 SH SOLE 272,571 MIPS TECHNOLOGIES COM 604567 10 7 604 90,569 SH SOLE 90,569 MONSTER WORLDWIDE COM 611742 10 7 4,623 543,863 SH SOLE 543,863 MOSYS INC COM 619718 10 9 1,922 593,125 SH SOLE 593,125 MYLAN INC COM 628530 10 7 3,431 159,823 SH SOLE 159,823 MYRIAD GENETICS IN COM 62855J 10 4 37,329 1,569,798 SH SOLE 1,569,798 NII HLDGS INC CL B NE 62913F 20 1 7,777 755,853 SH SOLE 755,853 NATIONAL CINEMEDIA COM 635309 10 7 2,650 174,685 SH SOLE 174,685 NETAPP INC COM 64110D 10 4 4,137 130,420 SH SOLE 130,420 NETAPP INC NOTE 64110D AB 0 3,351 2,923,000 PRN SOLE 2,923,000 NETLIST INC COM 64118P 10 9 2,003 886,175 SH SOLE 886,175 NEWPARK RES INC NOTE 651718 AC 2 1,621 1,719,000 PRN SOLE 1,719,000 NEXSTAR BROADCASTI CL A 65336K 10 3 67 10,000 SH SOLE 10,000 NISOURCE INC COM 65473P 10 5 21,737 877,621 SH SOLE 877,621 NUVASIVE INC COM 670704 10 5 8,893 350,646 SH SOLE 350,646 NUVASIVE INC NOTE 670704 AC 9 4,258 4,323,000 PRN SOLE 4,323,000 OASIS PETE INC NEW COM 674215 10 8 9,990 413,076 SH SOLE 413,076 OCLARO INC COM NEW 67555N 20 6 7,556 2,485,636 SH SOLE 2,485,636 OIL STS INTL INC COM 678026 10 5 1,980 30,326 SH SOLE 30,326 OMNICARE INC DBCV 681904 AL 2 2,785 2,927,000 SH SOLE 2,927,000 ON SEMICONDUCTOR C NOTE 682189 AH 8 3,048 2,840,000 PRN SOLE 2,840,000 ONLINE RES CORP COM 68273G 10 1 65 26,572 SH SOLE 26,572 OTTER TAIL CORP COM 689648 10 3 2,869 125,433 SH SOLE 125,433 OWENS ILL INC COM NEW 690768 40 3 17,783 927,164 SH SOLE 927,164 OXFORD INDS INC COM 691497 30 9 1,791 40,072 SH SOLE 40,072 PVH CORP COM 693656 10 0 3,419 44,678 SH SOLE 44,678 PAREXEL INTL CORP COM 699462 10 7 1,956 69,300 SH SOLE 69,300 PARKER HANNIFIN CO COM 701094 10 4 3,496 46,244 SH SOLE 46,244 PEABODY ENERGY COR SDCV 704549 AG 9 1,496 1,826,000 SH SOLE 1,826,000 PEBBLEBROOK HOTEL COM 70509V 10 0 9,133 391,594 SH SOLE 391,594 PENN NATL GAMING I COM 707569 10 9 29,324 659,609 SH SOLE 659,609 PERKINELMER INC COM 714046 10 9 9,844 381,401 SH SOLE 381,401 PETROQUEST ENERGY COM 716748 10 8 50 10,000 SH SOLE 10,000 PINNACLE ENTMT INC COM 723456 10 9 14,504 1,503,049 SH SOLE 1,503,049 PIONEER DRILLING C COM 723655 10 6 1,637 201,449 SH SOLE 201,449 PLAINS EXPL& PRODT COM 726505 10 0 6,689 190,960 SH SOLE 190,960 PLUM CREEK TIMBER COM 729251 10 8 4,628 117,077 SH SOLE 117,077 PRIMORIS SVCS CORP COM 74164F 10 3 793 66,110 SH SOLE 66,110 PROOFPOINT INC COM 743424 10 3 2,306 136,054 SH SOLE 136,054 PZENA INVESTMENT M CLASS A 74731Q 10 3 2,588 584,147 SH SOLE 584,147 QUANTA SVCS INC COM 74762E 10 2 2,447 101,094 SH SOLE 101,094 RF MICRODEVICES IN COM 749941 10 0 34,056 7,922,426 SH SOLE 7,922,426 RALCORP HLDGS INC COM 751028 10 1 20,780 313,078 SH SOLE 313,078 RBC BEARINGS INC COM 75524B 10 4 1,123 23,736 SH SOLE 23,736 REACHLOCAL INC COM 75525F 10 4 724 65,814 SH SOLE 65,814 RED ROBIN GOURMET COM 75689M 10 1 2,407 78,889 SH SOLE 78,889 REGAL BELOIT CORP COM 758750 10 3 12,598 203,445 SH SOLE 203,445 REGAL ENTMT GROUP CL A 758766 10 9 3,303 236,965 SH SOLE 236,965 RIVERBED TECHNOLOG COM 768573 10 7 23,126 1,428,317 SH SOLE 1,428,317 ROBBINS & MYERS IN COM 770196 10 3 6,121 146,526 SH SOLE 146,526 ROCKWELL COLLINS I COM 774341 10 1 3,626 74,091 SH SOLE 74,091 RUBICON TECHNOLOGY COM 78112T 10 7 2,422 237,421 SH SOLE 237,421 RUBY TUESDAY INC COM 781182 10 0 4,090 600,592 SH SOLE 600,592 SBA COMMUNICATIONS COM 78388J 10 6 20,715 364,367 SH SOLE 364,367 SBA COMMUNICATIONS NOTE 78388J AM 8 2,905 1,506,000 PRN SOLE 1,506,000 SL GREEN RLTY CORP COM 78440X 10 1 22,850 286,801 SH SOLE 286,801 SRS LABS INC COM 78464M 10 6 5,333 592,575 SH SOLE 592,575 SVB FINL GROUP COM 78486Q 10 1 5,471 93,373 SH SOLE 93,373 SANDRIDGE ENERGY I COM 80007P 30 7 67 10,000 SH SOLE 10,000 SEALED AIR CORP NE COM 81211K 10 0 1,941 125,743 SH SOLE 125,743 SEQUENOM INC COM NEW 817337 40 5 3,729 918,442 SH SOLE 918,442 SHORETEL INC COM 825211 10 5 6,372 1,454,734 SH SOLE 1,454,734 SILICON IMAGE INC COM 82705T 10 2 2,665 643,842 SH SOLE 643,842 SINCLAIR BROADCAST CL A 829226 10 9 14,135 1,553,702 SH SOLE 1,553,702 SMUCKER J M CO COM NEW 832696 40 5 2,660 35,761 SH SOLE 35,761 SOLAR CAP LTD 83413U 10 0 5,730 257,102 SH SOLE 257,102 SONUS NETWORKS INC COM 835916 10 7 3,587 1,668,658 SH SOLE 1,668,658 SPARTAN MTRS INC COM 846819 10 0 2,891 551,711 SH SOLE 551,711 SPARTECH CORP COM NEW 847220 20 9 2,953 571,183 SH SOLE 571,183 SPIRIT AEROSYSTEMS COM CL 848574 10 9 28,413 1,192,948 SH SOLE 1,192,948 STARWOOD HOTELS&RE COM 85590A 40 1 3,549 67,609 SH SOLE 67,609 SUNOPTA INC COM 8676EP 10 8 6,778 1,208,138 SH SOLE 1,208,138 SUNTRUST BKS INC COM 867914 10 3 1,861 76,665 SH SOLE 76,665 SYNOVUS FINL CORP COM 87161C 10 5 1,189 600,743 SH SOLE 600,743 SYNOVUS FINL CORP UNIT 99 87161C 20 4 2,868 155,200 SH SOLE 155,200 TTM TECHNOLOGIES NOTE 87305R AC 3 2,919 2,921,000 PRN SOLE 2,921,000 TEAM INC COM 878155 10 0 736 23,613 SH SOLE 23,613 TERADYNE INC COM 880770 10 2 9,721 689,721 SH SOLE 689,721 TEXAS CAPITAL BANC COM 88224Q 10 7 12,421 307,707 SH SOLE 307,707 TIFFANY & CO NEW COM 886547 10 8 2,744 52,322 SH SOLE 52,322 TITAN INTL INC ILL COM 88830M 10 2 10,393 423,563 SH SOLE 423,563 TRANSOCEAN INC NOTE 893830 AW 9 9,214 9,260,000 PRN SOLE 9,260,000 TREEHOUSE FOODS IN COM 89469A 10 4 9,003 144,872 SH SOLE 144,872 TRINITY INDS INC COM 896522 10 9 23,153 927,562 SH SOLE 927,562 TRINITY INDS INC NOTE 896522 AF 6 1,690 1,713,000 PRN SOLE 1,713,000 TRIQUINT SEMICONDU COM 89674K 10 3 28,536 5,143,795 SH SOLE 5,143,795 TRIUMPH GROUP INC COM 896818 10 1 25,609 457,356 SH SOLE 457,356 TYSON FOODS INC CL A 902494 10 3 995 52,517 SH SOLE 52,517 ULTRATECH INC COM 904034 10 5 796 25,262 SH SOLE 25,262 UNITED THERAPEUTIC NOTE 91307C AE 2 2,464 2,060,000 PRN SOLE 2,060,000 UNIVERSAL DISPLAY COM 91347P 10 5 517 14,386 SH SOLE 14,386 UNIVERSAL HLTH SVC CL B 913903 10 0 4,216 98,194 SH SOLE 98,194 VAIL RESORTS INC COM 91879Q 10 9 701 14,000 SH SOLE 14,000 VALUECLICK INC COM 92046N 10 2 12,887 789,140 SH SOLE 789,140 VANGUARD HEALTH SY COM 922036 20 7 2,504 281,672 SH SOLE 281,672 VARIAN MED SYS INC COM 92220P 10 5 16,345 270,574 SH SOLE 270,574 VISTEON CORP COM NEW 92839U 20 6 7,628 203,915 SH SOLE 203,915 WMS INDS INC COM 929297 10 9 30,766 1,540,389 SH SOLE 1,540,389 WSFS FINL CORP COM 929328 10 2 6,727 166,465 SH SOLE 166,465 WARNACO GROUP INC COM NEW 934390 40 2 15,449 363,750 SH SOLE 363,750 WELLS FARGO & CO N PFD CNV 949746 80 4 55,415 49,258 SH SOLE 49,258 WESTERN ALLIANCE B COM 957638 10 9 12,685 1,350,612 SH SOLE 1,350,612 WHITING PETE CORP COM 966387 10 2 16,376 400,449 SH SOLE 400,449 WINTRUST FINANCIAL COM 97650W 10 8 14,502 408,667 SH SOLE 408,667 WOODWARD GOVERNOR COM 980745 10 3 10,623 269,702 SH SOLE 269,702 WYNDHAM WORLDWIDE COM 98310W 10 8 5,413 103,605 SH SOLE 103,605 WYNN RESORTS LTD COM 983134 10 7 4,238 41,794 SH SOLE 41,794 XERIUM TECHNOLOGIE COM NEW 98416J 11 8 848 292,346 SH SOLE 292,346 ZIONS BANCORPORATI COM 989701 10 7 28,119 1,445,047 SH SOLE 1,445,047 ARCH CAP GRO G0450A 10 5 28,759 726,181 SH SOLE 726,181 AXIS CAPITAL HOLDI SHS G0692U 10 9 2,446 75,157 SH SOLE 75,157 ENSCO PLC SHS CLA G3157S 10 6 5,010 106,912 SH SOLE 106,912 HELEN OF TROY CORP COM G4388N 10 6 3,831 113,053 SH SOLE 113,053 INVESCO LTD SHS G491BT 10 8 4,390 193,662 SH SOLE 193,662 MARVELL TECHNOLOGY ORD G5876H 10 5 3,348 291,989 SH SOLE 291,989 NABORS INDUSTRIES SHS G6359F 10 3 8,632 597,866 SH SOLE 597,866 ORIENT-EXPRESS HOT CL A G67743 10 7 7,747 921,371 SH SOLE 921,371 ROWAN COMPANIES PL SHS CL G7665A 10 1 17,445 540,843 SH SOLE 540,843 VELTI PLC ST HELIE SHS G93285 10 7 6,765 1,036,384 SH SOLE 1,036,384 WARNER CHILCOTT PL SHS A G94368 10 0 23,736 1,317,433 SH SOLE 1,317,433 FOSTER WHEELER AG COM H27178 10 4 9,531 549,855 SH SOLE 549,855 TOTAL 2,351,999