Nine Chapters Capital Management’s Hovnanian Enterprises HOV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q2	–	Sell	-2,236	Closed	-$127K	–	106
2017 Q1	$127K	Buy	+2,236	New	+$127K	0.17%	188
2015 Q1	–	Sell	-1,576	Closed	-$163K	–	1040
2014 Q4	$163K	Buy	+1,576	New	+$163K	0.01%	821