Black River Asset Management

Black River Asset Management as of Dec. 31, 2011

Portfolio Holdings for Black River Asset Management

Black River Asset Management holds 35 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
DemandTec 20.1 $28M 2.1M 13.17
Tyson Foods (TSN) 16.5 $23M 1.1M 20.65
United States Steel Corporation (X) 6.0 $8.3M 315k 26.46
United States Steel Corporation (X) 5.0 $7.0M 264k 26.46
Halliburton Company (HAL) 4.9 $6.9M 200k 34.51
Adecoagro S A (AGRO) 4.7 $6.5M 790k 8.27
iShares FTSE/Xinhua China 25 Index (FXI) 3.5 $5.0M 136k 36.40
Schlumberger (SLB) 3.5 $4.8M 71k 68.32
SPDR S&P Metals and Mining (XME) 2.8 $3.9M 80k 48.99
Anadarko Petroleum Corporation 2.7 $3.8M 50k 76.32
Sanderson Farms 2.7 $3.7M 75k 50.13
Smithfield Foods 2.6 $3.6M 150k 24.28
Halliburton Company (HAL) 2.6 $3.6M 105k 34.51
Pilgrim's Pride Corporation (PPC) 2.5 $3.5M 612k 5.76
Commercial Metals Company (CMC) 1.7 $2.4M 176k 13.83
AK Steel Holding Corporation 1.7 $2.4M 287k 8.26
Noble Energy 1.7 $2.3M 25k 94.39
FMC Technologies 1.4 $2.0M 38k 52.22
Walter Energy 1.4 $1.9M 32k 60.56
Pioneer Natural Resources 1.3 $1.8M 21k 89.46
Steel Dynamics (STLD) 1.3 $1.8M 135k 13.15
Seaboard Corporation (SEB) 1.2 $1.7M 846.00 2035.46
Newfield Exploration 1.1 $1.5M 41k 37.73
Insteel Industries (IIIN) 0.9 $1.3M 118k 10.99
Reliance Steel & Aluminum (RS) 0.9 $1.2M 26k 48.71
Smithfield Foods 0.9 $1.2M 51k 24.29
Nucor Corporation (NUE) 0.8 $1.2M 30k 39.57
Tyson Foods (TSN) 0.8 $1.2M 57k 20.64
Genco Shipping & Trading 0.8 $1.1M 163k 6.76
Mobile TeleSystems OJSC 0.8 $1.1M 75k 14.39
Genco Shipping & Trading 0.4 $561k 83k 6.76
Metali 0.3 $403k 122k 3.29
Olympic Steel (ZEUS) 0.2 $292k 13k 23.36
Overseas Shipholding 0.2 $273k 25k 10.92
Overseas Shipholding 0.1 $190k 17k 10.92