Nine Chapters Capital Management’s Apollo Commercial Real Estate ARI Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-20,100	Closed	-$330K	–	988
2015 Q2	$330K	Sell	20,100 -43,600	-68%	-$749K	0.03%	691
2015 Q1	$1.09M	Buy	+63,700	New	+$1.07M	0.09%	353
2014 Q4	–	Sell	-76,900	Closed	-$1.21M	–	935
2014 Q3	$1.21M	Buy	76,900 +9,100	+13%	+$151K	0.11%	250
2014 Q2	$1.12M	Buy	+67,800	New	+$1.13M	0.09%	305
2014 Q1	–	Sell	-26,900	Closed	-$437K	–	802
2013 Q4	$437K	Buy	+26,900	New	+$436K	0.04%	517
2013 Q3	–	Sell	-48,700	Closed	-$773K	–	751
2013 Q2	$773K	Buy	+48,700	New	+$838K	0.13%	235

Other funds holding ARI

OppenheimerFunds New York $80.4B AUM 15.1% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

BFA

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

Fuller & Thaler Asset Management San Mateo, California $29.7B AUM 43.33% 1-Year Est. Return

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

BIT

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

Blackstone Inc New York $25.6B AUM 26.83% 1-Year Est. Return

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

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

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

Nine Chapters Capital Management's ARI Position: Q3 2015 in Review

Nine Chapters Capital Management sold out of Apollo Commercial Real Estate (ARI) in Q3 2015, closing a stake of 20,100 shares — an estimated $330K sold.

Nine Chapters Capital Management first reported a position in ARI in Q2 2013 and held it in 6 quarters. The position peaked at $1.21M in Q3 2014. 166 funds tracked by Wall St. Rank hold ARI as of Q3 2015.

Nine Chapters Capital Management reported no remaining Apollo Commercial Real Estate position as of Q3 2015 after selling out during the quarter.
Nine Chapters Capital Management sold 20,100 Apollo Commercial Real Estate shares in Q3 2015, an estimated $330K.
Nine Chapters Capital Management first reported a position in Apollo Commercial Real Estate in Q2 2013 and held it in 6 quarters.
Nine Chapters Capital Management's Apollo Commercial Real Estate position peaked at $1.21M in Q3 2014.
166 funds tracked by Wall St. Rank held Apollo Commercial Real Estate as of Q3 2015.

Based on Nine Chapters Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.