0001158202-13-000015.txt : 20130219
0001158202-13-000015.hdr.sgml : 20130219
20130219132020
ACCESSION NUMBER: 0001158202-13-000015
CONFORMED SUBMISSION TYPE: 13F-HR/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20121231
FILED AS OF DATE: 20130219
DATE AS OF CHANGE: 20130219
EFFECTIVENESS DATE: 20130219
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/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-11296
FILM NUMBER: 13622582
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/A
1
pcm4q201213FA.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: December 31, 2012
Check here if Amendment [X]; Amendment Number: 1a
This Amendment (Check only one.):
[ ] is a restatement.
[X] 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 February 19, 2013
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: 294
Form 13F Information Table Value Total: 2,319,158
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
ACADIA HEALTHCARE COM 00404A 10 9 9,568 410,062 SH SOLE 410,062
ACCURAY INC COM 004397 10 5 1,779 276,662 SH SOLE 276,662
ACME PACKET INC COM 004764 10 6 34,327 1,551,852 SH SOLE 1,551,852
ACTUANT CORP CL A NE 00508X 20 3 9,595 343,787 SH SOLE 343,787
AEGION CORP COM 00770F 10 4 9,545 430,128 SH SOLE 430,128
AIRGAS INC COM 009363 10 2 7,470 81,826 SH SOLE 81,826
ALERE INC NOTE 01449J AA 3 3,740 3,963,000 PRN SOLE 3,963,000
ALPHA NATURAL RESO COM 02076X 10 2 3,487 357,979 SH SOLE 357,979
ALPHA NATURAL RESO NOTE 02076x aa 0 6,715 7,230,000 PRN SOLE 7,230,000
AMERICAN AXLE & MF COM 024061 10 3 2,672 238,532 SH SOLE 238,532
AMERICAN RAILCAR I COM 02916p 10 3 1,135 35,770 SH SOLE 35,770
AMERISTAR CASINOS COM 03070Q 10 1 1,391 53,004 SH SOLE 53,004
APPROACH RESOURCES COM 03834A 10 3 3,340 133,558 SH SOLE 133,558
ATWOOD OCEANICS IN COM 050095 10 8 6,612 144,405 SH SOLE 144,405
AUXILIUM PHARMACEU COM 05334D 10 7 12,445 671,590 SH SOLE 671,590
AVIAT NETWORKS INC COM 05366Y 10 2 12,060 3,665,602 SH SOLE 3,665,602
BALLY TECHNOLOGIES COM 05874B 10 7 16,603 371,352 SH SOLE 371,352
BANK OF AMERICA CO PFD L 060505 68 2 28,894 25,457 SH SOLE 25,457
BARRETT BILL CORP COM 06846N 10 4 3,015 169,501 SH SOLE 169,501
BEACON ROOFING SUP COM 073685 10 9 7,840 235,579 SH SOLE 235,579
BELO CORP COM 080555 10 3,343 435,829 SH SOLE 435,829
BELO CORP COM SER 080555 10 5 24,613 3,208,943 SH SOLE 3,208,943
BIO-REFERENCE LABS COM $.0 09057G 60 2 1,232 42,956 SH SOLE 42,956
BJS RESTAURANTS IN COM 09180c 10 6 5,138 156,183 SH SOLE 156,183
BLOUNT INTL INC NE COM 095180 10 5 3,778 238,824 SH SOLE 238,824
BODY CENT CORP COM 09689U 10 2 5,718 574,095 SH SOLE 574,095
BROOKDALE SR LIVIN COM 112463 10 4 10,115 399,494 SH SOLE 399,494
Brookdale Senior L NOTE 112463 AA 2 4,693 4,071,000 PRN SOLE 4,071,000
BUFFALO WILD WINGS COM 119848 10 9 17,471 239,923 SH SOLE 239,923
CBS CORP NEW CL B 124857 20 2 4,951 130,118 SH SOLE 130,118
CIT GROUP INC COM NEW 125581 80 1 1,899 49,134 SH SOLE 49,134
CABOT OIL & GAS CO COM 127097 10 3 13,397 269,348 SH SOLE 269,348
CADENCE DESIGN SYS COM 127387 10 8 24,548 1,817,032 SH SOLE 1,817,032
CALLIDUS SOFTWARE COM 13123E 50 0 2,669 587,786 SH SOLE 587,786
CALPINE CORP COM NEW 131347 30 4 1,581 87,223 SH SOLE 87,223
CAMERON INTERNATIO COM 13342B 10 5 3,210 56,849 SH SOLE 56,849
CAMPUS CREST CMNTY COM 13466Y 10 5 806 65,707 SH SOLE 65,707
CARMIKE CINEMAS IN COM 143436 40 0 1,662 110,810 SH SOLE 110,810
CAVIUM INC COM 14964U 10 8 22,762 729,321 SH SOLE 729,321
CBEYOND INC COM 149847 10 5 15,478 1,712,164 SH SOLE 1,712,164
CELANESE CORP DEL COM SER 150870 10 3 13,440 301,821 SH SOLE 301,821
CEMEX SAB DE CV NOTE 151290 BB 8 1,361 1,200,000 PRN SOLE 1,200,000
CENTENE CORP DEL COM 15135B 10 1 20,560 501,465 SH SOLE 501,465
CENTURY CASINOS IN COM 156492 10 0 1,008 354,996 SH SOLE 354,996
CENVEO INC COM 15670S 10 5 604 223,633 SH SOLE 223,633
CEVA INC COM 157210 10 5 7,662 486,494 SH SOLE 486,494
CHART INDS INC COM PAR 16115q 30 8 26,984 404,684 SH SOLE 404,684
CHART INDS INC NOTE 16115Q AC 4 3,767 3,058,000 PRN SOLE 3,058,000
CHEMTURA CORP COM NEW 163893 20 9 23,357 1,098,658 SH SOLE 1,098,658
CHESAPEAKE ENERGY COM 165167 10 7 2,889 173,814 SH SOLE 173,814
CHICOS FAS INC COM 168615 10 2 22,872 1,239,004 SH SOLE 1,239,004
CIENA CORP COM NEW 171779 30 9 8,178 520,908 SH SOLE 520,908
CIENA CORP NOTE 171779 AE 1 202 234,000 PRN SOLE 234,000
CINEMARK HOLDINGS COM 17243V 10 2 8,687 334,375 SH SOLE 334,375
CIRCOR INTL INC COM 17273K 10 9 4,414 111,494 SH SOLE 111,494
CLEARWATER PAPER C COM 18538R 10 3 7,248 185,083 SH SOLE 185,083
COACH INC COM 189754 10 4 3,233 58,243 SH SOLE 58,243
COMERICA INC COM 200340 10 7 20,682 681,665 SH SOLE 681,665
COMSTOCK RES INC COM NEW 205768 20 3 683 45,160 SH SOLE 45,160
CONCHO RES INC COM 20605P 10 1 2,556 31,734 SH SOLE 31,734
CONSTELLATION BRAN CL A 21036P 10 8 9,514 268,844 SH SOLE 268,844
CONTINENTAL RESOUR COM 212015 10 1 2,657 36,149 SH SOLE 36,149
CROWN HOLDINGS INC COM 228368 10 6 8,255 224,249 SH SOLE 224,249
DSW INC CL A 23334L 10 2 18,591 283,008 SH SOLE 283,008
DIAMONDBACK ENERGY COM 25278X 10 9 1,266 66,214 SH SOLE 66,214
DIGITAL CINEMA DES CL A CO 25383B 10 9 576 104,750 SH SOLE 104,750
DIGITAL RIV INC NOTE 25388B AD 6 1,271 1,291,000 PRN SOLE 1,291,000
DISH NETWORK CORP CL A 25470M 10 9 3,358 92,245 SH SOLE 92,245
DRESSER-RAND GROUP COM 261608 10 3 2,496 44,468 SH SOLE 44,468
DUCOMMUN INC DEL COM 264147 10 9 1,803 111,488 SH SOLE 111,488
E M C CORP MASS NOTE 268648 AM 4 4,996 3,130,000 PRN SOLE 3,130,000
EPR PPTYS COM SH 26884U 10 9 6,452 139,930 SH SOLE 139,930
EAGLE BANCORP INC COM 268948 10 6 3,017 151,084 SH SOLE 151,084
EXCO RESOURCES INC COM 269279 40 2 6,263 925,153 SH SOLE 925,153
EAGLE MATERIALS IN COM 26969P 10 8 6,873 117,490 SH SOLE 117,490
EDWARDS LIFESCIENC COM 28176E 10 8 1,445 16,021 SH SOLE 16,021
EMERITUS CORP COM 291005 10 6 3,181 128,698 SH SOLE 128,698
EMULEX CORP COM NEW 292475 20 9 2,445 334,878 SH SOLE 334,878
ESTERLINE TECHNOLO COM 297425 10 0 13,266 208,549 SH SOLE 208,549
EXELIS INC COM 30162A 10 8 9,321 827,093 SH SOLE 827,093
EXFO INC SUB VTG 302046 10 7 1,836 349,792 SH SOLE 349,792
EXPRESS INC COM 30219E 10 3 7,867 521,350 SH SOLE 521,350
F M C CORP COM NEW 302491 30 3 2,183 37,310 SH SOLE 37,310
FXCM INC COM CL 302693 10 6 519 51,587 SH SOLE 51,587
FAMILY DLR STORES COM 307000 10 9 1,366 21,546 SH SOLE 21,546
FELCOR LODGING TR COM 31430F 10 1 13,401 2,869,686 SH SOLE 2,869,686
FIFTH STREET FINAN COM 31678A 10 3 4,763 457,115 SH SOLE 457,115
FINISAR CORP COM NEW 31787A 50 7 5,159 316,504 SH SOLE 316,504
FIRST BANCORP P R COM NEW 318672 70 6 1,905 415,940 SH SOLE 415,940
FIRST HORIZON NATL COM 320517 10 5 28,272 2,852,884 SH SOLE 2,852,884
FIRST MIDWEST BANC COM 320867 10 4 4,411 352,350 SH SOLE 352,350
FIRST NIAGARA FINL COM 33582v 10 8 3,190 402,305 SH SOLE 402,305
FIRSTMERIT CORP COM 337915 10 2 9,131 643,501 SH SOLE 643,501
FLOW INTL CORP COM 343468 10 4 2,903 829,392 SH SOLE 829,392
FLOWSERVE CORP COM 34354p 10 5 11,367 77,429 SH SOLE 77,429
FORBES ENERGY SVCS COM 345143 10 1 25 10,000 SH SOLE 10,000
FORD MTR CO DEL NOTE 345370 CN 8 3,912 2,424,000 PRN SOLE 2,424,000
GENERAL CABLE CORP NOTE 369300 AD 0 991 1,000,000 PRN SOLE 1,000,000
GENERAL MTRS CO JR PFD CNV 37045V 20 9 1,302 29,500 SH SOLE 29,500
GENESEE & WYO INC CL A 371559 10 5 6,845 89,975 SH SOLE 89,975
GRAY TELEVISION IN COM 389375 10 6 1,832 832,735 SH SOLE 832,735
GREAT LAKES DREDGE COM 390607 10 9 2,807 314,341 SH SOLE 314,341
GREATBATCH INC COM 39153L 10 6 1,185 50,969 SH SOLE 50,969
GREENBRIER COS INC COM 393657 10 1 6,870 424,834 SH SOLE 424,834
GREENBRIER COS INC NOTE 393657 AH 4 3,387 3,730,000 PRN SOLE 3,730,000
GULFPORT ENERGY CO COM NEW 402635 30 4 18,619 487,147 SH SOLE 487,147
HAIN CELESTIAL GRO COM 405217 10 0 7,774 143,371 SH SOLE 143,371
HANCOCK HLDG CO COM 410120 10 9 28,021 882,909 SH SOLE 882,909
HARRIS CORP DEL COM 413875 10 5 2,884 58,909 SH SOLE 58,909
HARRY WINSTON DIAM COM 41587B 10 0 26,405 1,876,697 SH SOLE 1,876,697
HARTFORD FINL SVCS COM 416515 10 4 1,593 70,998 SH SOLE 70,998
HARTFORD FINL SVCS DEP CON 416515 70 8 2,720 131,725 SH SOLE 131,725
HERCULES OFFSHORE COM 427093 10 9 43,100 6,977,435 SH SOLE 6,977,435
HERCULES TECH GROW CAP INC 427096 50 8 2,595 233,193 SH SOLE 233,193
HERSHA HOSPITALITY SH BEN 427825 10 4 6,076 1,215,242 SH SOLE 1,215,242
HERSHEY CO COM 427866 10 8 2,259 31,275 SH SOLE 31,275
HEXCEL CORP NEW COM 428291 10 8 11,650 432,112 SH SOLE 432,112
HOLOGIC INC COM 436440 10 1 16,404 819,364 SH SOLE 819,364
HOLOGIC INC FRNT 2 436440 AA 9 3,614 3,625,000 SH SOLE 3,625,000
HOLOGIC INC FRNT 2 436440 AB 7 3,679 3,285,000 SH SOLE 3,285,000
HOME BANCSHARES IN COM 436893 20 0 2,375 71,931 SH SOLE 71,931
HOME PROPERTIES IN COM 437306 10 3 5,260 85,798 SH SOLE 85,798
HORNBECK OFFSHORE FRNT 1 440543 ae 6 268 265,000 SH SOLE 265,000
HOST HOTELS & RESO COM 44107P 10 4 2,876 183,556 SH SOLE 183,556
HUNTINGTON BANCSHA PFD CON 446150 40 1 2,496 2,021 SH SOLE 2,021
ICON PUB LTD CO SPONSOR 45103T 10 7 6,842 246,487 SH SOLE 246,487
IDEX CORP COM 45167R 10 4 16,264 349,542 SH SOLE 349,542
ILLUMINA INC COM 452327 10 9 17,532 315,376 SH SOLE 315,376
IMAX CORP COM 45245E 10 9 6,391 284,309 SH SOLE 284,309
INFORMATICA CORP COM 45666q 10 2 885 29,187 SH SOLE 29,187
INTEL CORP COM 458140 10 0 825 40,000 SH SOLE 40,000
INTERFACE INC COM 458665 30 4 8,429 524,221 SH SOLE 524,221
INTL PAPER CO COM 460146 10 3 2,703 67,841 SH SOLE 67,841
ISHARES TR RUSSELL 464287 49 9 1,008 8,916 SH SOLE 8,916
ISHARES TR RUSSELL 464287 65 5 2,189 25,966 SH SOLE 25,966
ISLE OF CAPRI CASI COM 464592 10 4 3,217 574,520 SH SOLE 574,520
JDS UNIPHASE CORP COM PAR 46612J 50 7 22,879 1,692,205 SH SOLE 1,692,205
JONES LANG LASALLE COM 48020Q 10 7 4,734 56,395 SH SOLE 56,395
JOY GLOBAL INC COM 481165 10 8 3,938 61,739 SH SOLE 61,739
KBR INC COM 48242W 10 6 17,622 588,986 SH SOLE 588,986
KAISER ALUMINUM CO COM PAR 483007 70 4 7,905 128,136 SH SOLE 128,136
KANSAS CITY SOUTHE COM NEW 485170 30 2 14,947 179,044 SH SOLE 179,044
KEY ENERGY SVCS IN COM 492914 10 6 19,883 2,860,850 SH SOLE 2,860,850
KEYCORP NEW COM 493267 10 8 2,882 342,307 SH SOLE 342,307
KEYCORP NEW PFD 7.7 493267 40 5 2,619 20,911 SH SOLE 20,911
KIRBY CORP COM 497266 10 6 11,679 188,706 SH SOLE 188,706
KODIAK OIL & GAS C COM 50015Q 10 0 5,500 621,473 SH SOLE 621,473
LMI AEROSPACE INC COM 502079 10 6 4,615 238,605 SH SOLE 238,605
LAMAR ADVERTISING CL A 512815 10 1 2,511 64,800 SH SOLE 64,800
LASALLE HOTEL PPTY COM SH 517942 10 8 11,563 455,409 SH SOLE 455,409
LEAR CORP COM NEW 521865 20 4 10,661 227,609 SH SOLE 227,609
LEGG MASON INC COM 524901 10 5 12,104 470,625 SH SOLE 470,625
LIBERTY MEDIA CORP CAP COM 530322 10 6 2,931 25,266 SH SOLE 25,266
LIFE TIME FITNESS COM 53217R 20 7 6,829 138,772 SH SOLE 138,772
LIN TV CORP CL A 532774 10 6 2,395 318,086 SH SOLE 318,086
LITHIA MTRS INC CL A 536797 10 3 14,807 395,696 SH SOLE 395,696
LITTELFUSE INC COM 537008 10 4 1,073 17,385 SH SOLE 17,385
MGM MIRAGE COM 552953 10 1 8,948 768,710 SH SOLE 768,710
MGM RESORTS INTERN NOTE 55303Q AE 0 3,766 3,559,000 PRN SOLE 3,559,000
MACYS INC COM 55616p 10 4 2,966 76,003 SH SOLE 76,003
MADISON SQUARE GAR CL A 55826P 10 0 9,278 209,197 SH SOLE 209,197
MAGNUM HUNTER RES COM 55973B 10 2 12,090 3,029,972 SH SOLE 3,029,972
MANITOWOC INC COM 563571 10 8 11,966 763,137 SH SOLE 763,137
MARTEN TRANS LTD COM 573075 10 8 2,505 136,206 SH SOLE 136,206
MASSEY ENERGY CO NOTE 576203 AJ 2 60,948 63,323,000 PRN SOLE 63,323,000
MEADOWBROOK INS GR COM 58319P 10 8 1,140 197,236 SH SOLE 197,236
MICROCHIP TECHNOLO COM 595017 10 4 2,595 79,637 SH SOLE 79,637
MICRON TECHNOLOGY DEBT 1 595112 AK 9 1,121 1,229,000 SH SOLE 1,229,000
MICRON TECHNOLOGY NOTE 595112 AQ 6 3,771 4,080,000 PRN SOLE 4,080,000
MINDSPEED TECHNOLO COM NEW 602682 20 5 1,229 262,569 SH SOLE 262,569
MISTRAS GROUP INC COM 60649T 10 7 1,367 55,373 SH SOLE 55,373
MOLINA HEALTHCARE NOTE 60855R AA 8 3,319 2,877,000 PRN SOLE 2,877,000
MOSYS INC COM 619718 10 9 1,991 572,259 SH SOLE 572,259
MUELLER WTR PRODS COM SER 624758 10 8 805 143,446 SH SOLE 143,446
MYLAN INC COM 628530 10 7 2,763 100,632 SH SOLE 100,632
MYRIAD GENETICS IN COM 62855J 10 4 16,131 591,956 SH SOLE 591,956
NATIONAL CINEMEDIA COM 635309 10 7 1,855 131,310 SH SOLE 131,310
NEWPARK RES INC NOTE 651718 AC 2 1,716 1,611,000 PRN SOLE 1,611,000
NEXSTAR BROADCASTI CL A 65336K 10 3 2,902 274,056 SH SOLE 274,056
NISOURCE INC COM 65473p 10 5 6,220 249,906 SH SOLE 249,906
NOVELLUS SYS INC NOTE 670008 AD 3 3,726 2,975,000 PRN SOLE 2,975,000
NUVASIVE INC NOTE 670704 AC 9 2,235 2,525,000 PRN SOLE 2,525,000
OASIS PETE INC NEW COM 674215 10 8 9,709 305,313 SH SOLE 305,313
OCLARO INC COM NEW 67555N 20 6 4,340 2,764,642 SH SOLE 2,764,642
OIL STS INTL INC COM 678026 10 5 3,135 43,825 SH SOLE 43,825
OMNICARE INC DBCV 681904 AL 2 6,650 6,667,000 SH SOLE 6,667,000
ON SEMICONDUCTOR C COM 682189 10 5 171 24,225 SH SOLE 24,225
ON SEMICONDUCTOR C NOTE 682189 AH 8 5,073 4,761,000 PRN SOLE 4,761,000
OWENS CORNING NEW COM 690742 10 1 18,739 506,609 SH SOLE 506,609
OWENS ILL INC COM NEW 690768 40 3 3,605 169,501 SH SOLE 169,501
OXFORD INDS INC COM 691497 30 9 4,119 88,854 SH SOLE 88,854
PPG INDS INC COM 693506 10 7 506 3,741 SH SOLE 3,741
PVH CORP COM 693656 10 0 989 8,911 SH SOLE 8,911
PAREXEL INTL CORP COM 699462 10 7 1,615 54,570 SH SOLE 54,570
PARK STERLING CORP COM 70086Y 10 5 3,733 713,800 SH SOLE 713,800
PEBBLEBROOK HOTEL COM 70509V 10 0 9,972 431,689 SH SOLE 431,689
PENN NATL GAMING I COM 707569 10 9 13,312 271,065 SH SOLE 271,065
PENSKE AUTOMOTIVE COM 70959W 10 3 12,239 406,742 SH SOLE 406,742
PERKINELMER INC COM 714046 10 9 9,837 309,916 SH SOLE 309,916
PINNACLE ENTMT INC COM 723456 10 9 18,517 1,169,715 SH SOLE 1,169,715
PIONEER ENERGY SVC COM 723664 10 8 3,703 510,022 SH SOLE 510,022
PRIMORIS SVCS CORP COM 74164F 10 3 1,533 101,960 SH SOLE 101,960
PRIVATEBANCORP INC COM 742962 10 3 818 53,390 SH SOLE 53,390
PROOFPOINT INC COM 743424 10 3 1,613 131,017 SH SOLE 131,017
PROS HOLDINGS INC COM 74346Y 10 3 2,418 132,206 SH SOLE 132,206
PZENA INVESTMENT M CLASS A 74731Q 10 3 2,965 549,088 SH SOLE 549,088
QLIK TECHNOLOGIES COM 74733T 10 5 34,793 1,601,908 SH SOLE 1,601,908
QUANTA SVCS INC COM 74762E 10 2 2,962 108,535 SH SOLE 108,535
RF MICRODEVICES IN COM 749941 10 0 33,855 7,556,918 SH SOLE 7,556,918
RBC BEARINGS INC COM 75524B 10 4 1,111 22,186 SH SOLE 22,186
REALOGY HLDGS CORP COM 75605Y 10 6 3,655 87,103 SH SOLE 87,103
RED ROBIN GOURMET COM 75689M 10 1 8,032 227,608 SH SOLE 227,608
REGAL BELOIT CORP COM 758750 10 3 13,684 194,184 SH SOLE 194,184
REGAL ENTMT GROUP CL A 758766 10 9 1,857 133,098 SH SOLE 133,098
REPUBLIC SVCS INC COM 760759 10 0 2,710 92,382 SH SOLE 92,382
RIVERBED TECHNOLOG COM 768573 10 7 25,989 1,317,920 SH SOLE 1,317,920
ROCKWELL COLLINS I COM 774341 10 1 2,561 44,020 SH SOLE 44,020
RUBICON TECHNOLOGY COM 78112T 10 7 1,763 288,544 SH SOLE 288,544
RUBY TUESDAY INC COM 781182 10 0 3,941 501,449 SH SOLE 501,449
RYMAN HOSPITALITY COM 78377T 10 7 20,004 520,114 SH SOLE 520,114
SBA COMMUNICATIONS COM 78388J 10 6 19,314 272,047 SH SOLE 272,047
SBA COMMUNICATIONS NOTE 78388J AM 8 3,343 1,414,000 PRN SOLE 1,414,000
SL GREEN RLTY CORP COM 78440x 10 1 3,345 43,643 SH SOLE 43,643
SVB FINL GROUP COM 78486Q 10 1 6,307 112,679 SH SOLE 112,679
SANDISK CORP NOTE 80004C AC 5 4,393 4,409,000 PRN SOLE 4,409,000
SEQUENOM INC COM NEW 817337 40 5 1,753 371,332 SH SOLE 371,332
SERVICESOURCE INTL COM 81763U 10 0 4,015 686,362 SH SOLE 686,362
SHORETEL INC COM 825211 10 5 10,336 2,437,841 SH SOLE 2,437,841
SILICON IMAGE INC COM 82705T 10 2 2,534 510,882 SH SOLE 510,882
SINCLAIR BROADCAST CL A 829226 10 9 33,298 2,638,533 SH SOLE 2,638,533
SMITH A O COM 831865 20 9 12,089 191,671 SH SOLE 191,671
SMUCKER J M CO COM NEW 832696 40 5 1,524 17,668 SH SOLE 17,668
SOLAR CAP LTD 83413U 10 0 4,241 177,357 SH SOLE 177,357
SPARTAN MTRS INC COM 846819 10 0 2,625 532,369 SH SOLE 532,369
STARWOOD HOTELS&RE COM 85590A 40 1 2,874 50,112 SH SOLE 50,112
SUNOPTA INC COM 8676EP 10 8 7,926 1,407,903 SH SOLE 1,407,903
SYNAPTICS INC COM 87157D 10 9 4,977 166,061 SH SOLE 166,061
SYNOVUS FINL CORP COM 87161C 10 5 6,461 2,637,294 SH SOLE 2,637,294
SYNOVUS FINL CORP UNIT 99 87161C 20 4 3,261 148,900 SH SOLE 148,900
TRW AUTOMOTIVE HLD COM 87264S 10 6 1,119 20,871 SH SOLE 20,871
TTM TECHNOLOGIES COM 87305R 10 9 9,548 1,037,955 SH SOLE 1,037,955
TTM TECHNOLOGIES NOTE 87305R AC 3 7,117 7,055,000 PRN SOLE 7,055,000
TANGER FACTORY OUT COM 875465 10 6 10,067 294,353 SH SOLE 294,353
TENET HEALTHCARE C COM NEW 88033G 40 7 23,878 735,401 SH SOLE 735,401
TERADYNE INC COM 880770 10 2 11,175 661,643 SH SOLE 661,643
TERADYNE INC NOTE 880770 AE 2 1,538 496,000 PRN SOLE 496,000
TEREX CORP NEW COM 880779 10 3 16,854 599,581 SH SOLE 599,581
TEXAS ROADHOUSE IN CL A 882681 10 9 6,357 378,385 SH SOLE 378,385
TIMKEN CO COM 887389 10 4 13,477 281,778 SH SOLE 281,778
TITAN INTL INC ILL COM 88830M 10 2 11,901 547,946 SH SOLE 547,946
TITAN MACHY INC COM 88830R 10 1 7,184 290,844 SH SOLE 290,844
TRACTOR SUPPLY CO COM 892356 10 6 3,015 34,120 SH SOLE 34,120
TRINITY INDS INC COM 896522 10 9 18,712 522,384 SH SOLE 522,384
TRINITY INDS INC NOTE 896522 AF 6 1,676 1,499,000 PRN SOLE 1,499,000
TRIQUINT SEMICONDU COM 89674k 10 3 23,242 4,804,401 SH SOLE 4,804,401
TRIUMPH GROUP INC COM 896818 10 1 24,617 376,982 SH SOLE 376,982
II VI INC COM 902104 10 8 3,506 191,904 SH SOLE 191,904
TYLER TECHNOLOGIES COM 902252 10 5 7,038 145,296 SH SOLE 145,296
U S G CORP COM NEW 903293 40 5 32,698 1,164,883 SH SOLE 1,164,883
ULTRA PETROLEUM CO COM 903914 10 9 9,186 506,673 SH SOLE 506,673
UNIVERSAL HLTH SVC CL B 913903 10 0 2,384 49,299 SH SOLE 49,299
VAIL RESORTS INC COM 91879q 10 9 757 14,000 SH SOLE 14,000
VALUECLICK INC COM 92046N 10 2 2,454 126,448 SH SOLE 126,448
VANGUARD HEALTH SY COM 922036 20 7 3,826 312,317 SH SOLE 312,317
VARIAN MED SYS INC COM 92220p 10 5 10,581 150,638 SH SOLE 150,638
VERA BRADLEY INC COM 92335C 10 6 22,126 881,531 SH SOLE 881,531
WMS INDS INC COM 929297 10 9 25,946 1,482,618 SH SOLE 1,482,618
WSFS FINL CORP COM 929328 10 2 4,863 115,112 SH SOLE 115,112
WALTER ENERGY INC COM 93317Q 10 5 2,856 79,612 SH SOLE 79,612
WEBMD HEALTH CORP NOTE 94770V AF 9 3,763 4,420,000 PRN SOLE 4,420,000
WELLS FARGO & CO N PFD CNV 949746 80 4 35,111 28,662 SH SOLE 28,662
WESTERN ALLIANCE B COM 957638 10 9 14,131 1,341,970 SH SOLE 1,341,970
WHITING PETE CORP COM 966387 10 2 13,211 304,606 SH SOLE 304,606
WINTRUST FINANCIAL COM 97650W 10 8 12,309 335,392 SH SOLE 335,392
WOODWARD GOVERNOR COM 980745 10 3 8,011 210,088 SH SOLE 210,088
WYNDHAM WORLDWIDE COM 98310W 10 8 2,792 52,479 SH SOLE 52,479
WYNN RESORTS LTD COM 983134 10 7 3,021 26,855 SH SOLE 26,855
XILINX INC COM 983919 10 1 3,243 90,409 SH SOLE 90,409
XILINX INC DBCV 983919 AD 3 2,513 1,984,000 SH SOLE 1,984,000
XERIUM TECHNOLOGIE COM NEW 98416J 11 8 860 281,826 SH SOLE 281,826
ZIONS BANCORPORATI COM 989701 10 7 19,954 932,429 SH SOLE 932,429
ARCH Cap Gro COM G0450A 10 5 14,083 319,920 SH SOLE 319,920
ENSCO PLC SHS CLA G3157S 10 6 2,869 48,393 SH SOLE 48,393
FABRINET SHS G3323l 10 0 2,037 155,041 SH SOLE 155,041
FREESCALE SEMICOND COM G3727Q 10 1 8,188 743,648 SH SOLE 743,648
INVESCO LTD SHS G491BT 10 8 3,617 138,619 SH SOLE 138,619
ORIENT-EXPRESS HOT CL A G67743 10 7 7,006 599,320 SH SOLE 599,320
ROWAN COMPANIES PL SHS CL G7665A 10 1 9,883 316,047 SH SOLE 316,047
VANTAGE DRILLING C ORD SHS G93205 11 3 1,341 732,928 SH SOLE 732,928
WARNER CHILCOTT PL SHS A G94368 10 0 9,082 754,333 SH SOLE 754,333
FOSTER WHEELER AG COM H27178 10 4 11,161 458,915 SH SOLE 458,915
CHECK POINT SOFTWA ORD M22465 10 4 4,102 86,109 SH SOLE 86,109
LYONDELLBASELL IND SHS - A N53745 10 0 400 7,000 SH SOLE 7,000
TRONOX LTD SHS CL Q9235V 10 1 1,386 75,930 SH SOLE 75,930
TOTAL 2,319,158