Nine Chapters Capital Management’s Copa Holdings CPA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-10,200	Closed	-$1.48M	–	960
2014 Q1	$1.48M	Buy	+10,200	New	+$1.48M	0.17%	163
2013 Q4	–	Sell	-30,900	Closed	-$4.29M	–	807
2013 Q3	$4.29M	Buy	30,900 +26,400	+587%	+$3.66M	0.5%	32
2013 Q2	$590K	Buy	+4,500	New	+$590K	0.1%	297