BIRCH RUN CAPITAL ADVISORS, LP Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 21
New Positions 0
Increased Positions 5
Decreased Positions 2
Positions with Activity 7
Sold Out Positions 1
Total Mkt Value (in $ millions) 381

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

Sector Weighting

Basic Materials 0.9%
Capital Goods 4.58%
Conglomerates
Consumer Cyclical 8.8%
Consumer/Non-Cyclical 3.61%
Energy 0.14%
Financial 6%
Healthcare
Services 75.55%
Technology 0%
Transportation
Utilities

21 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
MTS SYS CORP COM -2,560 Sold Out 0
QUIKSILVER INC COM 1,215 -2,446 (66.81) 500,000
BLACKROCK INC COM 18,182 New 50,000
CHATHAM LODGING TR COM 13,529 New 456,902
CIT GROUP INC COM NEW 3,614 New 75,000
EAGLE MATERIALS INC COM 4,580 New 60,000
EMCOR GROUP INC COM 8,847 New 198,550
ENERGY XXI LTD USD UNRS SHS 517 New 156,686
ENTEGRIS INC COM 4,026 New 302,935
NORTHEAST BANCORP COM NEW 1,046 New 109,980
RETAIL OPPORTUNITY INVTS CORP COM 1,173 New 68,935
SIGNET JEWELERS LIMITED SHS 4,972 New 38,000
STAPLES INC COM 2,661 New 148,000
STARWOOD PPTY TR INC COM 7,098 New 300,000
STARWOOD WAYPOINT RESIDENTL TR COM SHS 1,581 New 60,000
WAUSAU PAPER CORP COM 3,443 New 309,900
REGIS CORP MINN COM 176,359 3,609 2.09 10,535,170
SEARS HOMETOWN & OUTLET STORES COM 1,298 73 5.95 106,898
SELECT COMFORT CORP COM 32,294 6,760 26.48 1,192,965
WALTER INVT MGMT CORP COM 83,287 21,797 35.45 5,014,295