Nine Chapters Capital Management’s Ladder Capital LADR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-20,064	Closed	-$298K	–	1056
2015 Q1	$298K	Buy	20,064 +1,371	+7%	+$20.4K	0.03%	724
2014 Q4	$294K	Buy	+18,693	New	+$294K	0.03%	684
2014 Q3	–	Sell	-22,307	Closed	-$323K	–	1085
2014 Q2	$323K	Buy	+22,307	New	+$323K	0.03%	698