BIRCH RUN CAPITAL ADVISORS, LP Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 21
New Positions 1
Increased Positions 5
Decreased Positions 0
Positions with Activity 5
Sold Out Positions 0
Total Mkt Value (in $ millions) 433

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

Sector Weighting

Basic Materials 0.83%
Capital Goods 19.5%
Conglomerates
Consumer Cyclical 2.26%
Consumer/Non-Cyclical 0.41%
Energy 18.52%
Financial 8.11%
Healthcare
Services 49.44%
Technology 0.57%
Transportation
Utilities

21 Positions as of 12/31/2013

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
BLACKROCK INC COM 15,419 New 50,000
CHATHAM LODGING TR COM 9,417 New 456,902
CIT GROUP INC COM NEW 2,460 New 53,000
EAGLE MATERIALS INC COM 22,558 13,882 160 260,000
EMCOR GROUP INC COM 11,706 New 257,550
ENTEGRIS INC COM 50,153 17,461 53.41 4,271,951
EPL OIL & GAS INC COM 80,142 23,281 40.95 2,066,570
MTS SYS CORP COM 2,486 New 37,000
NORTHEAST BANCORP COM NEW 467 New 49,980
PNC FINL SVCS GROUP INC COM 16,754 16,754 New 200,000
QUIKSILVER INC COM 9,777 New 1,506,395
REGIS CORP MINN COM 112,547 New 8,494,082
RENT A CTR INC NEW COM 3,867 New 148,000
RETAIL OPPORTUNITY INVTS CORP COM 1,086 New 68,935
SEARS HOMETOWN & OUTLET STORES COM 813 New 36,398
STAPLES INC COM 1,780 New 148,000
STARWOOD PPTY TR INC COM 6,960 New 300,000
STARWOOD WAYPOINT RESIDENTL TR COM SHS 1,547 New 60,000
WALTER INVT MGMT CORP COM 78,223 7,831 11.13 2,769,939
WAUSAU PAPER CORP COM 3,579 New 309,900