Hutchin Hill Capital’s Sapiens International SPNS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-20,100	Closed	-$232K	–	727
2015 Q3	$232K	Buy	+20,100	New	+$232K	0.01%	531
2014 Q1	–	Sell	-20,800	Closed	-$160K	–	710
2013 Q4	$160K	Buy	+20,800	New	+$160K	0.01%	484