Nine Chapters Capital Management’s American Coastal Insurance ACIC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-15,300	Closed	-$230K	–	912
2014 Q3	$230K	Sell	15,300 -7,100	-32%	-$107K	0.02%	802
2014 Q2	$387K	Buy	+22,400	New	+$387K	0.03%	639