Nine Chapters Capital Management’s Clearwater Paper CLW Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-14,100	Closed	-$967K	–	979
2014 Q4	$967K	Buy	14,100 +7,600	+117%	+$521K	0.08%	337
2014 Q3	$391K	Buy	+6,500	New	+$391K	0.03%	615
2014 Q2	–	Sell	-33,800	Closed	-$2.12M	–	953
2014 Q1	$2.12M	Buy	+33,800	New	+$2.12M	0.25%	96