Nine Chapters Capital Management’s W.W. Grainger GWW Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-4,300	Closed	-$1.1M	–	874
2013 Q4	$1.1M	Buy	4,300 +2,600	+153%	+$664K	0.11%	272
2013 Q3	$445K	Buy	+1,700	New	+$445K	0.05%	449