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) 391

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 4.58%
Conglomerates
Consumer Cyclical 2.5%
Consumer/Non-Cyclical 0.75%
Energy 16.25%
Financial 4.84%
Healthcare
Services 69.24%
Technology 0.63%
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 139,252 20,930 17.69 9,996,589
WALTER INVT MGMT CORP COM 106,445 26,311 32.83 3,679,404
ENERGY XXI BERMUDA LTD USD UNRS SHS 63,509 -8,129 (11.35) 3,057,747
BLACKROCK INC COM 15,822 New 50,000
CHATHAM LODGING TR COM 9,677 New 456,902
EMCOR GROUP INC COM 8,426 -2,504 (22.91) 198,550
STARWOOD PPTY TR INC COM 7,155 New 300,000
EAGLE MATERIALS INC COM 5,679 -18,930 (76.92) 60,000
SELECT COMFORT CORP COM 5,105 5,105 New 253,500
QUIKSILVER INC COM 4,655 New 1,506,395
SIGNET JEWELERS LIMITED SHS 3,985 3,985 New 38,000
ENTEGRIS INC COM 3,784 -49,573 (92.91) 302,935
WAUSAU PAPER CORP COM 3,176 New 309,900
CIT GROUP INC COM NEW 2,631 New 53,000
MTS SYS CORP COM 2,445 New 37,000
ZIPREALTY INC COM 2,283 New 338,661
STAPLES INC COM 1,619 New 148,000
STARWOOD WAYPOINT RESIDENTL TR COM SHS 1,593 New 60,000
ALICO INC COM 1,294 1,294 New 34,904
RETAIL OPPORTUNITY INVTS CORP COM 1,088 New 68,935