Nine Chapters Capital Management’s HSBC HSBC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-16,596	Closed	-$726K	–	1061
2014 Q2	$726K	Buy	+16,596	New	+$726K	0.06%	438
2014 Q1	–	Sell	-7,428	Closed	-$353K	–	880
2013 Q4	$353K	Buy	+7,428	New	+$353K	0.04%	572