Black River Asset Management

Black River Asset Management as of March 31, 2011

Portfolio Holdings for Black River Asset Management

Black River Asset Management holds 25 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Comcast Corporation 23.9 $76M 3.3M 23.03
Tyson Foods (TSN) 13.9 $45M 2.3M 19.19
iShares Russell 2000 Index (IWM) 13.0 $42M 495k 84.17
Taiwan Semiconductor Mfg (TSM) 9.4 $30M 2.5M 12.27
DemandTec 8.9 $29M 2.2M 13.16
Smithfield Foods 6.1 $19M 806k 24.06
Tyson Foods (TSN) 4.9 $16M 816k 19.19
Pilgrim's Pride Corporation (PPC) 2.7 $8.6M 1.1M 7.71
Nucor Corporation (NUE) 2.6 $8.3M 180k 46.02
National-Oilwell Var 2.5 $8.0M 100k 79.56
HEICO Corporation (HEI.A) 2.1 $6.7M 149k 44.93
PowerShares DB Agriculture Fund 2.0 $6.6M 192k 34.23
Molex Incorporated 1.5 $4.7M 230k 20.64
MEMC Electronic Materials 1.1 $3.4M 264k 12.96
Pilgrim's Pride Corporation (PPC) 1.0 $3.1M 408k 7.71
Vimpel 0.9 $3.0M 215k 14.12
iShares MSCI Emerging Markets Indx (EEM) 0.8 $2.4M 50k 48.68
Baker Hughes Incorporated 0.7 $2.2M 33k 68.80
Steel Dynamics (STLD) 0.7 $2.2M 117k 18.77
Seaboard Corporation (SEB) 0.5 $1.7M 714.00 2413.17
Patriot Coal Corp 0.3 $1.1M 42k 25.84
Frontline Limited Usd2.5 0.1 $495k 20k 24.75
United Microelectronics (UMC) 0.1 $348k 125k 2.78
BMB Munai (KAZ) 0.1 $263k 277k 0.95
NCI Building Systems 0.1 $208k 16k 12.68