Nine Chapters Capital Management’s Gulf Island Fabrication GIFI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-16,300	Closed	-$172K	–	219
2015 Q3	$172K	Buy	+16,300	New	+$172K	0.02%	860
2015 Q1	–	Sell	-12,100	Closed	-$235K	–	1027
2014 Q4	$235K	Buy	+12,100	New	+$235K	0.02%	748