PINE RIVER CAPITAL MANAGEMENT L.P. Information

601 CARLSON PARKWAY, MINNETONKA, Minnesota, 55305, (612) 238-3300

Report Date: 03/31/2014

Position Statistics

Total Positions 612
New Positions 201
Increased Positions 274
Decreased Positions 299
Positions with Activity 573
Sold Out Positions 227
Total Mkt Value (in $ millions) 3,192

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

Sector Weighting

Basic Materials 1.63%
Capital Goods 2.54%
Conglomerates 0.13%
Consumer Cyclical 0.53%
Consumer/Non-Cyclical 0.54%
Energy 10.84%
Financial 33.19%
Healthcare 10.57%
Services 17.07%
Technology 14.31%
Transportation 1.53%
Utilities 0.37%

299 DECREASED Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
AMERICAN CAPITAL AGENCY CORP COM 96,982 -236,485 (70.92) 4,229,489
GENERAL MTRS CO WT EXP 071019 6,551 -232,954 (97.27) 381,783
ANNALY CAP MGMT INC COM -189,661 Sold Out 0
ISHARES IBOXX HI YD ETF -96,886 Sold Out 0
GENERAL MTRS CO WT EXP 071016 -76,418 Sold Out 0
OCWEN FINL CORP COM NEW -75,249 Sold Out 0
SELECT SECTOR SPDR TR SBI INT-FINL -72,296 Sold Out 0
PRUDENTIAL FINL INC COM -54,371 Sold Out 0
AMERICAN CAP LTD COM 155,698 -51,091 (24.71) 10,038,569
ARMOUR RESIDENTIAL REIT INC COM 10,320 -48,462 (82.44) 2,434,000
ALLSTATE CORP COM 21,851 -42,718 (66.16) 384,100
AMERICAN CAP MTG INVT CORP COM 34,619 -40,598 (53.97) 1,744,034
GOLDMAN SACHS GROUP INC COM 527 -38,698 (98.66) 3,000
NEW RESIDENTIAL INVT CORP COM 12,210 -38,211 (75.78) 2,008,263
D R HORTON INC COM -36,448 Sold Out 0
NEWCASTLE INVT CORP COM -33,680 Sold Out 0
EOG RES INC COM -33,551 Sold Out 0
WALTER INVT MGMT CORP COM 39,388 -31,481 (44.42) 1,355,392
DOUBLELINE INCOME SOLUTIONS FD COM -30,232 Sold Out 0
EBAY INC COM -29,152 Sold Out 0