BIRCH RUN CAPITAL ADVISORS, LP Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 20
New Positions 0
Increased Positions 3
Decreased Positions 3
Positions with Activity 6
Sold Out Positions 3
Total Mkt Value (in $ millions) 436

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

Sector Weighting

Basic Materials 0%
Capital Goods 4.26%
Conglomerates
Consumer Cyclical 9.32%
Consumer/Non-Cyclical 3.38%
Energy 0%
Financial 5.33%
Healthcare
Services 77.34%
Technology
Transportation
Utilities

6 Activity Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
WALTER INVT MGMT CORP COM 124,233 31,318 33.71 6,704,436
ALICO INC COM 12,327 1,129 10.08 241,605
RETAIL OPPORTUNITY INVTS CORP COM 2,371 1,160 95.84 135,000
ENERGY XXI LTD USD UNRS SHS -722 Sold Out 0
SEARS HOMETOWN & OUTLET STORES COM -788 Sold Out 0
WAUSAU PAPER CORP COM -2,870 Sold Out 0