KEY COLONY MANAGEMENT, LLC Information

10825 FINANCIAL CENTRE PARKWAY, LITTLE ROCK, Arkansas, 72211, (501) 219-2003

Report Date: 09/30/2014

Position Statistics

Total Positions 21
New Positions 3
Increased Positions 6
Decreased Positions 6
Positions with Activity 12
Sold Out Positions 1
Total Mkt Value (in $ millions) 124

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

Sector Weighting

Basic Materials
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 4.61%
Financial 49.19%
Healthcare 13.52%
Services 3.47%
Technology
Transportation 2.46%
Utilities 2.56%

21 Positions as of 09/30/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
DIREXION SHS ETF TR 20YR TRES BEAR 2,834 New 86,000
AMERICAN AIRLS GROUP INC COM 8,573 -9,828 (53.41) 165,000
AMERICAN CAP MTG INVT CORP COM 732 New 37,000
DIAMOND RESORTS INTL INC COM 11,773 -28 (0.23) 426,081
GILEAD SCIENCES INC COM 4,221 4,221 New 45,000
HOME BANCSHARES INC COM 20,416 New 637,389
ITT EDUCATIONAL SERVICES INC COM 944 New 93,281
PACIRA PHARMACEUTICALS INC COM 12,586 3,235 34.60 134,600
PENNYMAC MTG INVT TR COM 2,652 New 123,500
REPUBLIC AWYS HLDGS INC COM 3,064 735 31.54 227,279
SPRINGLEAF HLDGS INC COM -183 Sold Out 0
SYNCHRONY FINL COM 5,795 5,795 New 190,000
THL CR INC COM 640 -6 (0.91) 54,600
TWO HBRS INVT CORP COM 303 New 30,000
WESTMORELAND COAL CO COM 5,731 998 21.08 173,665
AMBAC FINL GROUP INC COM NEW 19,099 -584 (2.97) 788,241
CALPINE CORP COM NEW 3,185 3,185 New 142,496
CITIGROUP INC COM NEW 17,418 -28,802 (62.32) 320,000
NEW RESIDENTIAL INVT CORP COM NEW 3,846 New 297,472
NEW YORK MTG TR INC COM PAR $.02 421 New 54,000