TRUE BEARING ASSET MANAGEMENT LP Information

ONE LETTERMAN DRIVE, SAN FRANCISCO, California, 94129, (415) 658-8720

Report Date: 12/31/2014

Position Statistics

Total Positions 100
New Positions 11
Increased Positions 25
Decreased Positions 39
Positions with Activity 64
Sold Out Positions 16
Total Mkt Value (in $ millions) 199

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

Sector Weighting

Basic Materials 4.7%
Capital Goods 11.14%
Conglomerates
Consumer Cyclical 15.08%
Consumer/Non-Cyclical 0.85%
Energy 3.97%
Financial
Healthcare
Services 41.32%
Technology 22.47%
Transportation 0.47%
Utilities

100 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
METHODE ELECTRS INC COM 9,164 New 199,207
TRAVELCENTERS AMER LLC COM 7,002 412 6.25 403,087
FIESTA RESTAURANT GROUP INC COM 6,930 -1,115 (13.87) 111,826
HARMAN INTL INDS INC COM 6,058 400 7.06 45,488
TUESDAY MORNING CORP COM NEW 5,313 -421 (7.35) 320,420
CITI TRENDS INC COM 4,926 New 190,485
KIRKLANDS INC COM 4,199 New 173,168
TUTOR PERINI CORP COM 4,174 -564 (11.91) 181,177
LAWSON PRODS INC COM 4,154 -465 (10.06) 177,686
HERTZ GLOBAL HOLDINGS INC COM 3,622 104 2.96 173,905
LYDALL INC DEL COM 3,577 New 111,402
INTEGRATED ELECTRICAL SVC COM 3,490 New 401,156
MARVELL TECHNOLOGY GROUP LTD ORD 3,429 New 225,000
LIBBEY INC COM 3,390 -332 (8.92) 88,801
URBAN OUTFITTERS INC COM 3,383 1,123 49.71 74,390
CARROLS RESTAURANT GROUP INC COM 3,326 New 396,003
NCI BUILDING SYS INC COM NEW 3,283 New 191,678
GLOBAL CASH ACCESS HLDGS INC COM 3,245 New 447,574
DECKERS OUTDOOR CORP COM 3,204 New 44,081
XCERRA CORP COM 3,188 -409 (11.38) 358,586