Nine Chapters Capital Management’s Liquidity Services LQDT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-22,500	Closed	-$166K	–	307
2015 Q3	$166K	Sell	22,500 -8,600	-28%	-$63.4K	0.01%	864
2015 Q2	$299K	Buy	31,100 +4,100	+15%	+$39.4K	0.03%	719
2015 Q1	$267K	Buy	27,000 +8,500	+46%	+$84.1K	0.02%	748
2014 Q4	$151K	Buy	+18,500	New	+$151K	0.01%	839