AXEL CAPITAL MANAGEMENT, LLC Information

350 PARK AVENUE FL 25, NEW YORK, New York, 10022, (212) 935-7111

Report Date: 03/31/2013

Position Statistics:

Total Positions 15
New Positions 4
Increased Positions 7
Decreased Positions 7
Positions with Activity 14
Sold Out Positions 5
Total Mkt Value
(in $ millions)
13

Sector Weighting

Basic Materials
Capital Goods 52.53%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 10.25%
Energy
Financial 0%
Healthcare 0%
Services 28.84%
Technology 8.38%
Transportation
Utilities

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

7 INCREASED Positions as of 03/31/2013

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ARMSTRONG WORLD INDS INC NEW COM 2,150 2,150 New 40,000
TOLL BROTHERS INC COM 2,031 185 10 55,000
AUTOMATIC DATA PROCESSING INC COM 1,440 1,440 New 20,000
OWENS CORNING NEW COM 1,346 449 50 30,000
BELDEN INC COM 1,101 1,101 New 20,000
THE ADT CORPORATION COM 1,083 433 66.67 25,000
TRI POINTE HOMES INC COM 183 183 New 10,000

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