Nine Chapters Capital Management’s Arbor Realty Trust ABR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q2	–	Sell	-34,400	Closed	-$288K	–	58
2017 Q1	$288K	Buy	34,400 +24,400	+244%	+$186K	0.39%	109
2016 Q4	$75K	Sell	10,000 -800	-7%	-$5.89K	0.13%	151
2016 Q3	$80K	Buy	+10,800	New	+$79.9K	0.56%	61
2015 Q4	–	Sell	-27,900	Closed	-$177K	–	5
2015 Q3	$177K	Sell	27,900 -87,100	-76%	-$570K	0.02%	853
2015 Q2	$777K	Buy	115,000 +81,600	+244%	+$566K	0.07%	417
2015 Q1	$233K	Buy	33,400 +200	+0.6%	+$1.41K	0.02%	795
2014 Q4	$225K	Buy	+33,200	New	+$223K	0.02%	758
2014 Q3	–	Sell	-40,000	Closed	-$278K	–	970
2014 Q2	$278K	Buy	+40,000	New	+$283K	0.02%	740
2014 Q1	–	Sell	-25,800	Closed	-$172K	–	790
2013 Q4	$172K	Buy	+25,800	New	+$172K	0.02%	731