WESTCLIFF CAPITAL MANAGEMENT LLC/CA Information

200 7TH AVE SUITE 105, SANTA CRUZ, California, 95062, (408) 477-0422

Report Date: 09/30/2012

Position Statistics:

Total Positions 67
New Positions 14
Increased Positions 29
Decreased Positions 37
Positions with Activity 66
Sold Out Positions 13
Total Mkt Value
(in $ millions)
67

Sector Weighting

Basic Materials 5.03%
Capital Goods 3.14%
Conglomerates 1.23%
Consumer Cyclical 2.55%
Consumer/Non-Cyclical
Energy 5.93%
Financial 20.01%
Healthcare 2.44%
Services 30.78%
Technology 22.68%
Transportation 5.88%
Utilities

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

66 Activity Positions as of 09/30/2012

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
AMERICAN CAP MTG INVT CORP COM 3,862 2,875 291.42 190,142
ARMOUR RESIDENTIAL REIT INC COM 3,603 1,378 61.94 742,957
SUPPORT COM INC COM 3,166 -409 (11.43) 698,832
HUTCHINSON TECHNOLOGY INC COM 2,809 -2,092 (42.68) 461,268
INVESCO MORTGAGE CAPITAL INC COM 2,790 831 42.40 149,979
HERCULES OFFSHORE INC COM 2,644 -789 (22.97) 379,290
MULTIMEDIA GAMES HLDG CO INC COM 2,396 28 1.18 91,770
MICRON TECHNOLOGY INC COM 2,362 1,381 140.70 171,760
INFINERA CORPORATION COM 2,085 756 56.86 186,470
STEWART INFORMATION SVCS CORP COM 2,079 2,079 New 75,800
WESTERN ASSET MTG CAP CORP COM 1,881 1,881 New 100,000
MARINEMAX INC COM 1,869 590 46.17 153,980
CAPSTEAD MTG CORP COM NO PAR 1,716 828 93.29 135,870
APOLLO RESIDENTIAL MTG INC COM 1,714 281 19.60 94,987
WABASH NATL CORP COM 1,704 -437 (20.42) 171,450
REPUBLIC AWYS HLDGS INC COM 1,690 451 36.45 147,440
CYNOSURE INC CL A 1,394 161 13.08 57,400
BUILDERS FIRSTSOURCE INC COM 1,313 -239 (15.4) 187,520
AG MTG INVT TR INC COM 1,313 1,313 New 63,900
ALLIANZGI CONV & INCOME FD COM 1,302 -1,176 (47.45) 140,049

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