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) 124

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

Sector Weighting

Basic Materials 21.48%
Capital Goods 7.72%
Conglomerates 5.36%
Consumer Cyclical 4.54%
Consumer/Non-Cyclical
Energy 10.51%
Financial 8.3%
Healthcare
Services 23.55%
Technology
Transportation
Utilities

14 DECREASED Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ERICKSON INC COM 9,550 -852 (8.19) 693,550
ANADARKO PETE CORP COM 8,265 -2,079 (20.1) 77,500
TRONOX LTD SHS CL A 8,009 -2,128 (20.99) 278,960
CUSTOMERS BANCORP INC COM 6,635 (0) 354,799
AMERICAN INTL GROUP INC COM NEW 6,624 -559 (7.78) 118,600
NORTEK INC COM NEW 5,611 -2,766 (33.02) 73,569
TESORO CORP COM 4,730 -1,644 (25.79) 76,524
CLEARWATER PAPER CORP COM 2,766 -1,331 (32.49) 42,006
LIBERTY GLOBAL PLC SHS CL A 2,209 -606 (21.54) 51,000
BASIC ENERGY SVCS INC NEW COM -2,048 Sold Out 0
GENERAL MTRS CO WT EXP 071019 -1,966 Sold Out 0
GENERAL MTRS CO COM -2,559 Sold Out 0
GENERAL MTRS CO WT EXP 071016 -292 Sold Out 0
ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS Q -5,579 Sold Out 0