FBR & Co.

Q4 2013 13F Holdings Report, Stock Holdings

Signature - Title: Robert J. Kiernan - Sr. Vice President, Controller and Chief Acctg Officer
Location: Arlington, VA
Holdings as of: 31 Dec 2013
Value $: $57,906,000
Num holdings: 44
Filing time: 11 Feb 2014, 16:45:09 UTC
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included AK STEEL HOLDING CORPORATION, BKLN, NMIH, XPO LOGISTICS INC, and LIFE.
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

* 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
Robert J. Kiernan	Sr. Vice President, Controller and Chief Acctg Officer	Arlington, Virginia	11 Feb 2014

Other Included Managers (2):

Num	Name	Location	File Number
2	B. Riley Securities, Inc.	Los Angeles, CA	028-14034
3	FBR Capital Markets PT Inc	Arlington, VA	028-14017