HARBERT FUND ADVISORS, INC.

Q2 2014 13F Holdings Report, Stock Holdings

Signature - Title: John W. McCullough - Senior Vice President and General Counsel
Location: Birmingham, AL
Holdings as of: 30 Jun 2014
Value $: $73,528,000
Num holdings: 28
Filing time: 14 Aug 2014, 16:50:14 UTC
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included NWSA, XLS, PFE, MSFT, and GTS.
Next filing: Q3 2014 - 14 Nov 2014
SEC: View on sec.gov
Options Holdings: Showing stock holdings, see here for options holdings

Sym	Weight	Trade Impact	Company	Class	Share Change	Activity	Value Change $	Value $	* Price $	Shares	Principal

Compare Q2 2014 to

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
John W. McCullough	Senior Vice President and General Counsel	Birmingham, Alabama	14 Aug 2014

This is the first 13F-HR for Harbert Fund Advisors, Inc. ("HFA"), an SEC registered investment adviser. In prior reporting periods, Harbert Management Corporation ("HMC"), filed a Form 13F-HR to report the securities under the management of it and/or HFA, which is an indirect wholly owned subsidiary of HMC. HMC has determined that it is appropriate for HFA to file this report instead of HMC, and thus this report will be filed by HFA going forward. HFA will not be including this note on any future filings.

Other Included Managers (2):

Num	Name	Location	File Number
1	HARBERT VALUE FUND GP, LLC	Birmingham, AL	028-14261
2	HARBERT VALUE MASTER FUND, LTD.	Dublin 2, Ireland	028-14262