Hutchin Hill Capital’s VanEck Semiconductor ETF SMH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-650,000	Closed	-$16.6M	–	667
2014 Q3	$16.6M	Buy	650,000 +400,000	+160%	+$10.2M	0.63%	48
2014 Q2	$6.19M	Sell	250,000 -400,000	-62%	-$9.9M	0.28%	62
2014 Q1	$14.8M	Buy	+650,000	New	+$14.8M	0.77%	31