Nine Chapters Capital Management’s International Paper IP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-23,443	Closed	-$1.06M	–	1093
2015 Q2	$1.06M	Buy	+23,443	New	+$1.06M	0.09%	322
2013 Q4	–	Sell	-38,977	Closed	-$1.63M	–	867
2013 Q3	$1.63M	Buy	38,977 +30,946	+385%	+$1.29M	0.19%	165
2013 Q2	$332K	Buy	+8,031	New	+$332K	0.06%	430