Nine Chapters Capital Management’s Boston Private Financial Holdings, Inc. BPFH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-24,700	Closed	-$333K	–	1193
2014 Q4	$333K	Buy	24,700 +3,200	+15%	+$43.1K	0.03%	649
2014 Q3	$266K	Buy	+21,500	New	+$266K	0.02%	752
2014 Q2	–	Sell	-28,000	Closed	-$379K	–	1183
2014 Q1	$379K	Buy	+28,000	New	+$379K	0.04%	532