Key Colony Management

Key Colony Management as of March 31, 2012

Portfolio Holdings for Key Colony Management

Key Colony Management holds 21 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Wells Fargo & Company (WFC) 24.9 $30M 880k 34.14
Walter Investment Management 17.1 $21M 916k 22.55
PennyMac Mortgage Investment Trust (PMT) 10.4 $13M 674k 18.67
Home BancShares (HOMB) 9.0 $11M 407k 26.61
Republic Services (RSG) 7.1 $8.6M 280k 30.56
Bank of America Corporation (BAC) 6.3 $7.7M 800k 9.57
Level 3 Communications 5.1 $6.2M 240k 25.73
ProShares UltraShort 20+ Year Trea 4.1 $4.9M 240k 20.45
Hldgs (UAL) 3.6 $4.3M 200k 21.50
Newcastle Investment 3.0 $3.6M 574k 6.28
MELA Sciences 2.9 $3.5M 786k 4.48
Direxion Shs Etf Tr Daily 20+ 2.4 $2.9M 36k 81.19
Radian (RDN) 1.1 $1.3M 290k 4.35
Global Cash Access Holdings 0.9 $1.1M 147k 7.80
Chico's FAS 0.8 $1.0M 68k 15.10
Two Harbors Investment 0.5 $588k 58k 10.14
EarthLink 0.4 $439k 55k 7.98
Lakes Entertainment 0.2 $289k 160k 1.80
Fly Leasing 0.1 $67k 5.5k 12.18
Felcor Lodging Trust Inc. pfd cv a $1.95 0.0 $51k 2.0k 25.50
Essex Rental 0.0 $42k 11k 3.82