Nine Chapters Capital Management’s New Oriental EDU Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-21,000	Closed	-$515K	–	1046
2015 Q2	$515K	Buy	+21,000	New	+$515K	0.04%	564
2013 Q4	–	Sell	-20,300	Closed	-$505K	–	823
2013 Q3	$505K	Buy	+20,300	New	+$505K	0.06%	413