Nine Chapters Capital Management’s Topgolf Callaway Brands MODG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-12,600	Closed	-$113K	–	1114
2015 Q2	$113K	Buy	+12,600	New	+$113K	0.01%	867
2014 Q1	–	Sell	-21,600	Closed	-$182K	–	907
2013 Q4	$182K	Buy	+21,600	New	+$182K	0.02%	723