Nine Chapters Capital Management’s Automatic Data Processing ADP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-19,819	Closed	-$1.26M	–	774
2013 Q3	$1.26M	Buy	+19,819	New	+$1.26M	0.15%	212