Nine Chapters Capital Management’s Empire State Realty Trust ESRT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-16,700	Closed	-$294K	–	1010
2014 Q4	$294K	Sell	16,700 -50,000	-75%	-$880K	0.03%	683
2014 Q3	$1M	Sell	66,700 -28,900	-30%	-$434K	0.09%	311
2014 Q2	$1.58M	Buy	+95,600	New	+$1.58M	0.13%	230