BIRCH RUN CAPITAL ADVISORS, LP Information

1350 BROADWAY SUITE 2412, NEW YORK, New York, 10018, (212) 433-1980

Report Date: 03/31/2014

Position Statistics

Total Positions 24
New Positions 3
Increased Positions 5
Decreased Positions 6
Positions with Activity 11
Sold Out Positions 2
Total Mkt Value (in $ millions) 396

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

Sector Weighting

Basic Materials 0.81%
Capital Goods 4.66%
Conglomerates
Consumer Cyclical 2.56%
Consumer/Non-Cyclical 0.76%
Energy 16.71%
Financial 4.77%
Healthcare
Services 68.72%
Technology 0.62%
Transportation
Utilities

24 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
REGIS CORP MINN COM 139,053 20,900 17.69 9,996,589
WALTER INVT MGMT CORP COM 107,843 26,656 32.83 3,679,404
ENERGY XXI BERMUDA LTD USD UNRS SHS 66,139 -8,465 (11.35) 3,057,747
BLACKROCK INC COM 15,828 New 50,000
CHATHAM LODGING TR COM 9,709 New 456,902
EMCOR GROUP INC COM 8,742 -2,598 (22.91) 198,550
STARWOOD PPTY TR INC COM 7,197 New 300,000
EAGLE MATERIALS INC COM 5,799 -19,330 (76.92) 60,000
SELECT COMFORT CORP COM 5,217 5,217 New 253,500
QUIKSILVER INC COM 4,896 New 1,506,395
SIGNET JEWELERS LIMITED SHS 4,076 4,076 New 38,000
ENTEGRIS INC COM 3,917 -51,319 (92.91) 302,935
WAUSAU PAPER CORP COM 3,186 New 309,900
CIT GROUP INC COM NEW 2,569 New 53,000
MTS SYS CORP COM 2,451 New 37,000
ZIPREALTY INC COM 2,283 New 338,661
STAPLES INC COM 1,653 New 148,000
STARWOOD WAYPOINT RESIDENTL TR COM SHS 1,550 New 60,000
ALICO INC COM 1,366 1,366 New 34,904
RETAIL OPPORTUNITY INVTS CORP COM 1,093 New 68,935