Nine Chapters Capital Management’s EXL Service EXLS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-79,000	Closed	-$546K	–	1052
2015 Q2	$546K	Buy	79,000 +45,000	+132%	+$311K	0.05%	543
2015 Q1	$253K	Buy	+34,000	New	+$253K	0.02%	777