Penn Capital Management 13FHR Quarterly holdings report by institutional manager | SEC 14 Nov 24

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACADEMY SPORTS & OUTDOORS IN	COM	00402L107	8,774,470	150,177	SH		SOLE		150,177	0	0
AFFILIATED MANAGERS GROUP IN	COM	008252108	16,056,410	90,046	SH		SOLE		90,046	0	0
AGREE RLTY CORP	COM	008492100	11,005,027	145,675	SH		SOLE		145,675	0	0
ALLEGRO MICROSYSTEMS INC	COM	01749D105	6,338,238	271,358	SH		SOLE		271,358	0	0
ALLIENT INC	COM	019330109	2,814,641	148,217	SH		SOLE		148,217	0	0
ALPHATEC HLDGS INC	COM NEW	02081G201	7,279,783	1,306,249	SH		SOLE		1,306,249	0	0
AMERIS BANCORP	COM	03076K108	20,344,544	325,330	SH		SOLE		325,330	0	0
APPLIED OPTOELECTRONICS INC	COM	03823U102	1,007,195	70,384	SH		SOLE		70,384	0	0
ARCBEST CORP	COM	03937C105	7,467,341	68,666	SH		SOLE		68,666	0	0
AVADEL PHARMACEUTICALS PLC	COM SHS	G29687103	7,998,590	608,399	SH		SOLE		608,399	0	0
BGC GROUP INC	CL A	088929104	17,826,035	1,936,397	SH		SOLE		1,936,397	0	0
BIOMERICA INC	COM NEW	09061H307	6,745	20,589	SH		SOLE		20,589	0	0
BLACK HILLS CORP	COM	092113109	596,164	9,754	SH		SOLE		9,754	0	0
BLOOMIN BRANDS INC	COM	094235108	2,624,665	158,603	SH		SOLE		158,603	0	0
BOYD GAMING CORP	COM	103304101	11,853,275	183,124	SH		SOLE		183,124	0	0
BRIGHTVIEW HLDGS INC	COM	10948C107	8,953,272	568,191	SH		SOLE		568,191	0	0
BROOKDALE SR LIVING INC	COM	112463104	10,437,995	1,535,474	SH		SOLE		1,535,474	0	0
CABLE ONE INC	NOTE 3/1	12685JAE5	297,375	325,000	PRN		SOLE		325,000	0	0
CAESARS ENTERTAINMENT INC NE	COM	12769G100	2,469,987	58,360	SH		SOLE		58,360	0	0
CALAVO GROWERS INC	COM	128246105	3,119,727	109,349	SH		SOLE		109,349	0	0
CALIFORNIA RES CORP	COM STOCK	13057Q305	10,155,430	193,313	SH		SOLE		193,313	0	0
CARPENTER TECHNOLOGY CORP	COM	144285103	21,526,561	134,520	SH		SOLE		134,520	0	0
CBL & ASSOC PPTYS INC	COMMON STOCK	124830878	2,623,244	104,097	SH		SOLE		104,097	0	0
CENTURY ALUM CO	COM	156431108	7,216,657	444,104	SH		SOLE		444,104	0	0
CHART INDS INC	COM	16115Q308	13,353,078	107,264	SH		SOLE		107,264	0	0
CHEFS WHSE INC	COM	163086101	16,452,980	390,654	SH		SOLE		390,654	0	0
CHESAPEAKE ENERGY CORP	COM	165167735	1,911,437	22,926	SH		SOLE		22,926	0	0
CHUYS HLDGS INC	COM	171604101	4,615,571	123,411	SH		SOLE		123,411	0	0
CLEAR CHANNEL OUTDOOR HLDGS	COM	18453H106	8,540,184	5,331,443	SH		SOLE		5,331,443	0	0
COMMERCIAL METALS CO	COM	201723103	2,090,819	37,533	SH		SOLE		37,533	0	0
COMMUNITY HEALTH SYS INC NEW	COM	203668108	12,694,979	2,088,882	SH		SOLE		2,088,882	0	0
CONSOLIDATED WATER CO INC	ORD	G23773107	4,645,119	184,257	SH		SOLE		184,257	0	0
CONSTRUCTION PARTNERS INC	COM CL A	21044C107	8,601,844	123,096	SH		SOLE		123,096	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	296,442	1,719	SH		SOLE		1,719	0	0
DNOW INC	COM	67011P100	13,407,667	1,034,177	SH		SOLE		1,034,177	0	0
DOCGO INC	COM	256086109	40,534	12,209	SH		SOLE		12,209	0	0
DRAFTKINGS INC NEW	COM CL A	26142V105	2,015,100	50,657	SH		SOLE		50,657	0	0
EASTERLY GOVT PPTYS INC	COM	27616P103	4,692,311	345,531	SH		SOLE		345,531	0	0
ELANCO ANIMAL HEALTH INC	COM	28414H103	1,594,799	107,091	SH		SOLE		107,091	0	0
EPR PPTYS	COM SH BEN INT	26884U109	14,002,914	284,785	SH		SOLE		284,785	0	0
EXPRO GROUP HOLDINGS NV	COM	N3144W105	10,033,130	583,619	PRN		SOLE		583,619	0	0
EZCORP INC	CL A NON VTG	302301106	5,507,013	491,259	SH		SOLE		491,259	0	0
FARMER BROS CO	COM	307675108	2,044,451	1,032,551	SH		SOLE		1,032,551	0	0
FB FINL CORP	COM	30257X104	12,536,271	266,812	SH		SOLE		266,812	0	0
FIRST WATCH RESTAURANT GROUP	COM	33748L101	8,541,071	545,889	SH		SOLE		545,889	0	0
FIRSTCASH HOLDINGS INC	COM	33768G107	285,048	2,483	SH		SOLE		2,483	0	0
FLOOR & DECOR HLDGS INC	CL A	339750101	1,998,841	15,890	SH		SOLE		15,890	0	0
FORWARD AIR CORP	COM	349853101	11,451,260	323,093	SH		SOLE		323,093	0	0
FOX FACTORY HLDG CORP	COM	35138V102	4,829,936	116,384	SH		SOLE		116,384	0	0
FRESH DEL MONTE PRODUCE INC	ORD	G36738105	904,722	30,627	SH		SOLE		30,627	0	0
FTAI AVIATION LTD	SHS	G3730V105	13,034,432	97,746	SH		SOLE		97,746	0	0
GENERAC HLDGS INC	COM	368736104	2,230,518	13,851	SH		SOLE		13,851	0	0
GOLDEN ENTMT INC	COM	381013101	17,662,575	554,076	SH		SOLE		554,076	0	0
GRAY TELEVISION INC	COM	389375106	10,325,276	1,921,227	SH		SOLE		1,921,227	0	0
GXO LOGISTICS INCORPORATED	COMMON STOCK	36262G101	12,149,278	232,636	SH		SOLE		232,636	0	0
H & E EQUIPMENT SERVICES INC	COM	404030108	12,637,525	258,839	SH		SOLE		258,839	0	0
HALOZYME THERAPEUTICS INC	COM	40637H109	15,278,929	266,167	SH		SOLE		266,167	0	0
HEALTHCARE SVCS GROUP INC	COM	421906108	5,542,967	496,237	SH		SOLE		496,237	0	0
HELIOS TECHNOLOGIES INC	COM	42328H109	936,590	19,635	SH		SOLE		19,635	0	0
HILLMAN SOLUTIONS CORP	COM	431636109	15,663,495	1,479,316	SH		SOLE		1,479,316	0	0
INGEVITY CORP	COM	45688C107	3,765,060	96,540	SH		SOLE		96,540	0	0
INTEGRA LIFESCIENCES HLDGS C	COM NEW	457985208	2,160,195	118,888	SH		SOLE		118,888	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	1,070,515	4,846	SH		SOLE		4,846	0	0
JACK IN THE BOX INC	COM	466367109	3,016,025	64,805	SH		SOLE		64,805	0	0
JONES LANG LASALLE INC	COM	48020Q107	374,651	1,389	SH		SOLE		1,389	0	0
KELLY SVCS INC	CL A	488152208	521,890	24,376	SH		SOLE		24,376	0	0
KIRBY CORP	COM	497266106	282,151	2,304	SH		SOLE		2,304	0	0
KNIFE RIVER CORP	COMMON STOCK	498894104	17,832,124	198,899	SH		SOLE		198,899	0	0
KYNDRYL HLDGS INC	COMMON STOCK	50155Q100	13,839,523	600,824	SH		SOLE		600,824	0	0
LAZARD INC	COM	52110M109	18,673,194	369,602	SH		SOLE		369,602	0	0
LEONARDO DRS INC	COM	52661A108	1,640,259	57,246	SH		SOLE		57,246	0	0
LIFE TIME GROUP HOLDINGS INC	COMMON STOCK	53190C102	13,924,154	568,634	SH		SOLE		568,634	0	0
LIGAND PHARMACEUTICALS INC	COM NEW	53220K504	10,042,526	100,218	SH		SOLE		100,218	0	0
MAGNITE INC	COM	55955D100	14,504,179	1,044,297	SH		SOLE		1,044,297	0	0
MARTEN TRANS LTD	COM	573075108	4,094,116	231,306	SH		SOLE		231,306	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	326,839	607	SH		SOLE		607	0	0
MASTEC INC	COM	576323109	19,126,292	154,949	SH		SOLE		154,949	0	0
MIDDLESEX WTR CO	COM	596680108	5,392,477	82,656	SH		SOLE		82,656	0	0
MIRUM PHARMACEUTICALS INC	COM	604749101	12,091,234	309,244	SH		SOLE		309,244	0	0
MONEYLION INC	CL A	60938K304	5,282,489	126,839	SH		SOLE		126,839	0	0
MONRO INC	COM	610236101	3,381,959	117,185	SH		SOLE		117,185	0	0
NATIONAL VISION HLDGS INC	COM	63845R107	4,152,913	380,652	SH		SOLE		380,652	0	0
NAVITAS SEMICONDUCTOR CORP	COM	63942X106	97,824	39,928	SH		SOLE		39,928	0	0
NEW JERSEY RES CORP	COM	646025106	300,003	6,356	SH		SOLE		6,356	0	0
NEWELL BRANDS INC	COM	651229106	379,430	49,405	SH		SOLE		49,405	0	0
NEWMARK GROUP INC	CL A	65158N102	19,391,829	1,245,091	SH		SOLE		1,245,091	0	0
NEXSTAR MEDIA GROUP INC	COMMON STOCK	65336K103	15,320,684	92,337	SH		SOLE		92,337	0	0
NOMAD FOODS LTD	USD ORD SHS	G6564A105	534,995	28,069	SH		SOLE		28,069	0	0
NORTHERN OIL & GAS INC	COM	665531307	13,811,456	389,124	SH		SOLE		389,124	0	0
NORTHWEST NAT HLDG CO	COM	66765N105	5,777,132	141,527	SH		SOLE		141,527	0	0
NORTHWESTERN ENERGY GROUP IN	COM NEW	668074305	585,303	10,229	SH		SOLE		10,229	0	0
NORWEGIAN CRUISE LINE HLDG L	SHS	G66721104	22,902,675	1,113,534	SH		SOLE		1,113,534	0	0
O-I GLASS INC	COM	67098H104	134,900	10,282	SH		SOLE		10,282	0	0
OLO INC	CL A	68134L109	1,442,343	290,795	SH		SOLE		290,795	0	0
ONEMAIN HLDGS INC	COM	68268W103	8,301,805	175,798	SH		SOLE		175,798	0	0
OPENLANE INC	COM	48238T109	3,607,881	213,737	SH		SOLE		213,737	0	0
OUSTER INC	COM NEW	68989M202	5,418,224	858,965	SH		SOLE		858,965	0	0
PARK AEROSPACE CORP	COM	70014A104	1,254,802	96,301	SH		SOLE		96,301	0	0
PATTERSON-UTI ENERGY INC	COM	703481101	4,686,205	611,032	SH		SOLE		611,032	0	0
PEGASYSTEMS INC	COM	705573103	8,853,394	120,686	SH		SOLE		120,686	0	0
PENN ENTERTAINMENT INC	COM	707569109	9,809,456	519,490	SH		SOLE		519,490	0	0
PERFORMANCE FOOD GROUP CO	COM	71377A103	1,553,645	19,569	SH		SOLE		19,569	0	0
PERRIGO CO PLC	SHS	G97822103	481,530	18,358	SH		SOLE		18,358	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	19,009,236	193,506	SH		SOLE		193,506	0	0
PLANET FITNESS INC	CL A	72703H101	13,581,575	166,748	SH		SOLE		166,748	0	0
POPULAR INC	COM NEW	733174700	20,939,585	208,232	SH		SOLE		208,232	0	0
PORTLAND GEN ELEC CO	COM NEW	736508847	579,111	12,090	SH		SOLE		12,090	0	0
POSTAL REALTY TRUST INC	CL A	73757R102	3,457,631	236,177	SH		SOLE		236,177	0	0
PROGYNY INC	COM	74340E103	6,268,299	372,836	SH		SOLE		372,836	0	0
Q2 HLDGS INC	COM	74736L109	17,553,771	219,454	SH		SOLE		219,454	0	0
RADNET INC	COM	750491102	9,808,161	141,173	SH		SOLE		141,173	0	0
RAMBUS INC DEL	COM	750917106	8,403,059	198,536	SH		SOLE		198,536	0	0
REYNOLDS CONSUMER PRODS INC	COM	76171L106	289,759	9,317	SH		SOLE		9,317	0	0
ROGERS CORP	COM	775133101	3,912,858	34,624	SH		SOLE		34,624	0	0
RXO INC	COMMON STOCK	74982T103	18,595,347	662,236	SH		SOLE		662,236	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	13,838,596	128,671	SH		SOLE		128,671	0	0
SCORPIO TANKERS INC	SHS	Y7542C130	10,547,295	147,515	SH		SOLE		147,515	0	0
SCRIPPS E W CO OHIO	CL A NEW	811054402	3,021,863	1,344,539	SH		SOLE		1,344,539	0	0
SEMTECH CORP	COM	816850101	16,061,839	350,763	SH		SOLE		350,763	0	0
SENTINELONE INC	CL A	81730H109	1,893,287	78,055	SH		SOLE		78,055	0	0
SHIFT4 PMTS INC	CL A	82452J109	17,203,203	193,624	SH		SOLE		193,624	0	0
SPIRE INC	COM	84857L101	592,287	8,802	SH		SOLE		8,802	0	0
STAGWELL INC	COM CL A	85256A109	13,326,758	1,893,018	SH		SOLE		1,893,018	0	0
TEGNA INC	COM	87901J105	179,311	11,363	SH		SOLE		11,363	0	0
TENET HEALTHCARE CORP	COM NEW	88033G407	2,313,274	13,747	SH		SOLE		13,747	0	0
TERADYNE INC	COM	880770102	1,307,728	9,630	SH		SOLE		9,630	0	0
TEXAS CAP BANCSHARES INC	COM	88224Q107	19,059,828	265,988	SH		SOLE		265,988	0	0
TEXTRON INC	COM	883203101	1,119,814	12,464	SH		SOLE		12,464	0	0
TKO GROUP HOLDINGS INC	CL A	87256C101	297,270	2,403	SH		SOLE		2,403	0	0
TRANSOCEAN LTD	REGISTERED SHS	H8817H100	13,768,154	3,230,602	SH		SOLE		3,230,602	0	0
TREEHOUSE FOODS INC	COM	89469A104	4,780,514	113,876	SH		SOLE		113,876	0	0
TRIMAS CORP	COM NEW	896215209	893,142	34,984	SH		SOLE		34,984	0	0
TRIUMPH GROUP INC NEW	COM	896818101	12,122,577	939,371	SH		SOLE		939,371	0	0
UNITED PARKS & RESORTS INC	COM	81282V100	16,967,176	334,433	SH		SOLE		334,433	0	0
UNITED RENTALS INC	COM	911363109	443,379	548	SH		SOLE		548	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	213,779	810	SH		SOLE		810	0	0
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	3,272,245	17,800	SH		SOLE		17,800	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	341,711	1,207	SH		SOLE		1,207	0	0
VERRA MOBILITY CORP	CL A COM STK	92511U102	9,403,458	337,751	SH		SOLE		337,751	0	0
VIAD CORP	COM	92552R406	10,893,808	303,680	SH		SOLE		303,680	0	0
WAYSTAR HLDG CORP	COM	946784105	17,620,956	629,963	SH		SOLE		629,963	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833118	17,986,843	211,146	SH		SOLE		211,146	0	0
WESTERN DIGITAL CORP.	COM	958102105	1,817,201	26,271	SH		SOLE		26,271	0	0
XPO INC	COM	983793100	262,128	2,438	SH		SOLE		2,438	0	0
YORK WTR CO	COM	987184108	5,161,951	137,799	SH		SOLE		137,799	0	0
ZUORA INC	COM CL A	98983V106	8,743,668	1,013,098	SH		SOLE		1,013,098	0	0

Penn Capital Management 13F-HRQuarterly holdings report by institutional manager