Nine Chapters Capital Management’s Agree Realty ADC Stock Holding History

Nine Chapters Capital Management’s Portfolio ADC Stock Details ADC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-17,900	Closed	-$534K	–	10
2015 Q3	$534K	Sell	17,900 -4,000	-18%	-$119K	0.05%	549
2015 Q2	$639K	Sell	21,900 -17,100	-44%	-$529K	0.05%	488
2015 Q1	$1.29M	Buy	+39,000	New	+$1.3M	0.11%	284
2014 Q3	–	Sell	-15,200	Closed	-$459K	–	972
2014 Q2	$459K	Sell	15,200 -4,800	-24%	-$145K	0.04%	585
2014 Q1	$608K	Sell	20,000 -21,900	-52%	-$652K	0.07%	402
2013 Q4	$1.22M	Buy	+41,900	New	+$1.26M	0.12%	244

Other funds holding ADC

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $303B AUM 30.15% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

UIC

Uniplan Investment Counsel Milwaukee, Wisconsin $974M AUM 21.37% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

EAM

Edge Asset Management Seattle, Washington $13.2B AUM 19.52% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Nine Chapters Capital Management's ADC Position: Q4 2015 in Review

Nine Chapters Capital Management sold out of Agree Realty (ADC) in Q4 2015, closing a stake of 17,900 shares — an estimated $534K sold.

Nine Chapters Capital Management first reported a position in ADC in Q4 2013 and held it in 6 quarters. The position peaked at $1.29M in Q1 2015. 174 funds tracked by Wall St. Rank hold ADC as of Q4 2015.

Nine Chapters Capital Management reported no remaining Agree Realty position as of Q4 2015 after selling out during the quarter.
Nine Chapters Capital Management sold 17,900 Agree Realty shares in Q4 2015, an estimated $534K.
Nine Chapters Capital Management first reported a position in Agree Realty in Q4 2013 and held it in 6 quarters.
Nine Chapters Capital Management's Agree Realty position peaked at $1.29M in Q1 2015.
174 funds tracked by Wall St. Rank held Agree Realty as of Q4 2015.

Based on Nine Chapters Capital Management's 13F filing for Q4 2015.