Nine Chapters Capital Management’s Markel Group MKL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-700	Closed	-$561K	–	333
2015 Q3	$561K	Buy	+700	New	+$561K	0.05%	527
2013 Q3	–	Sell	-3,600	Closed	-$1.9M	–	847
2013 Q2	$1.9M	Buy	+3,600	New	+$1.9M	0.33%	73