Nine Chapters Capital Management’s Clear Channel Outdoor Holdings CCO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-15,900	Closed	-$113K	–	104
2015 Q3	$113K	Sell	15,900 -34,000	-68%	-$242K	0.01%	902
2015 Q2	$505K	Buy	49,900 +25,200	+102%	+$255K	0.04%	573
2015 Q1	$250K	Buy	24,700 +12,800	+108%	+$130K	0.02%	781
2014 Q4	$126K	Buy	+11,900	New	+$126K	0.01%	857