Nine Chapters Capital Management’s International Flavors & Fragrances IFF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-43,100	Closed	-$3.71M	–	885
2013 Q4	$3.71M	Sell	43,100 -1,000	-2%	-$86K	0.37%	52
2013 Q3	$3.63M	Buy	44,100 +36,300	+465%	+$2.99M	0.43%	47
2013 Q2	$586K	Buy	+7,800	New	+$586K	0.1%	301