Nine Chapters Capital Management’s Civitas Resources CIVI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-528	Closed	-$240K	–	113
2015 Q3	$240K	Buy	528 +408	+340%	+$185K	0.02%	777
2015 Q2	$245K	Buy	+120	New	+$245K	0.02%	764
2014 Q3	–	Sell	-55	Closed	-$349K	–	1017
2014 Q2	$349K	Buy	+55	New	+$349K	0.03%	675