Nine Chapters Capital Management’s Horace Mann Educators HMN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-6,700	Closed	-$210K	–	1060
2014 Q2	$210K	Sell	6,700 -22,000	-77%	-$690K	0.02%	816
2014 Q1	$832K	Buy	+28,700	New	+$832K	0.1%	315
2013 Q4	–	Sell	-22,600	Closed	-$641K	–	854
2013 Q3	$641K	Buy	+22,600	New	+$641K	0.08%	357