WATERSHED ASSET MANAGEMENT, L.L.C. Information

ONE MARITIME PLAZA, SAN FRANCISCO, California, 94111, (415) 391-8900

Report Date: 06/30/2014

Position Statistics

Total Positions 27
New Positions 1
Increased Positions 4
Decreased Positions 14
Positions with Activity 18
Sold Out Positions 5
Total Mkt Value (in $ millions) 123

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

Sector Weighting

Basic Materials 21.11%
Capital Goods 7.96%
Conglomerates 5.47%
Consumer Cyclical 4.53%
Consumer/Non-Cyclical
Energy 10.46%
Financial 8.35%
Healthcare
Services 23.6%
Technology
Transportation
Utilities

18 Activity Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ERICKSON INC COM 9,800 -874 (8.19) 693,550
GRAPHIC PACKAGING HLDG CO COM 9,000 594 7.07 713,122
ANADARKO PETE CORP COM 8,148 -2,050 (20.1) 77,500
TRONOX LTD SHS CL A 7,710 -2,048 (20.99) 278,960
CUSTOMERS BANCORP INC COM 6,741 (0) 354,799
ENPRO INDS INC COM 6,627 499 8.15 102,240
AMERICAN INTL GROUP INC COM NEW 6,551 -552 (7.78) 118,600
REALOGY HLDGS CORP COM 6,231 423 7.28 154,768
NORTEK INC COM NEW 5,574 -2,748 (33.02) 73,569
TESORO CORP COM 4,738 -1,647 (25.79) 76,524
CBS OUTDOOR AMERS INC COM 2,676 2,676 New 86,996
CLEARWATER PAPER CORP COM 2,664 -1,282 (32.49) 42,006
LIBERTY GLOBAL PLC SHS CL A 2,262 -621 (21.54) 51,000
BASIC ENERGY SVCS INC NEW COM -2,042 Sold Out 0
GENERAL MTRS CO COM -2,566 Sold Out 0
GENERAL MTRS CO WT EXP 071019 -1,973 Sold Out 0
GENERAL MTRS CO WT EXP 071016 -291 Sold Out 0
ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS Q -5,688 Sold Out 0