Nine Chapters Capital Management’s Dorchester Minerals DMLP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-10,700	Closed	-$327K	–	1029
2014 Q2	$327K	Sell	10,700 -2,200	-17%	-$67.2K	0.03%	690
2014 Q1	$338K	Buy	12,900 +3,200	+33%	+$83.8K	0.04%	574
2013 Q4	$252K	Sell	9,700 -2,800	-22%	-$72.7K	0.03%	655
2013 Q3	$299K	Buy	+12,500	New	+$299K	0.04%	547