WATERSHED ASSET MANAGEMENT, L.L.C. Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 20
New Positions 5
Increased Positions 11
Decreased Positions 9
Positions with Activity 20
Sold Out Positions 5
Total Mkt Value (in $ millions) 73

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

Sector Weighting

Basic Materials 11.55%
Capital Goods 4.78%
Conglomerates 13.37%
Consumer Cyclical 10.91%
Consumer/Non-Cyclical
Energy 11.31%
Financial 6.92%
Healthcare
Services 20.52%
Technology
Transportation
Utilities

5 Sold Out Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
AMERICAN INTL GROUP INC COM NEW -6,129 Sold Out 0
ANADARKO PETE CORP COM -6,671 Sold Out 0
ENPRO INDS INC COM -7,539 Sold Out 0
NMI HLDGS INC CL A -365 Sold Out 0
SILVER EAGLE ACQUISITION CORP UNIT 072918 -5,220 Sold Out 0