Nine Chapters Capital Management’s Lincoln Electric LECO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-3,900	Closed	-$278K	–	896
2013 Q4	$278K	Buy	+3,900	New	+$278K	0.03%	631
2013 Q3	–	Sell	-12,100	Closed	-$693K	–	836
2013 Q2	$693K	Buy	+12,100	New	+$693K	0.12%	263