Nine Chapters Capital Management’s Howard Hughes HHH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-14,057	Closed	-$2.01M	–	1038
2014 Q3	$2.01M	Buy	+14,057	New	+$2.01M	0.18%	156
2013 Q4	–	Sell	-8,077	Closed	-$865K	–	852
2013 Q3	$865K	Buy	+8,077	New	+$865K	0.1%	285