Nine Chapters Capital Management’s American Homes 4 Rent AMH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-66,800	Closed	-$1.14M	–	953
2014 Q4	$1.14M	Sell	66,800 -21,800	-25%	-$371K	0.1%	297
2014 Q3	$1.5M	Sell	88,600 -1,300	-1%	-$22K	0.13%	201
2014 Q2	$1.6M	Buy	+89,900	New	+$1.6M	0.13%	225