Nine Chapters Capital Management’s Mercury Insurance MCY Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-10,100	Closed	-$493K	–	1073
2014 Q3	$493K	Buy	10,100 +5,400	+115%	+$264K	0.04%	518
2014 Q2	$221K	Buy	+4,700	New	+$221K	0.02%	802
2013 Q3	–	Sell	-5,100	Closed	-$224K	–	844
2013 Q2	$224K	Buy	+5,100	New	+$224K	0.04%	514