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