Nine Chapters Capital Management’s Morgan Stanley MS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-22,600	Closed	-$709K	–	909
2013 Q4	$709K	Sell	22,600 -41,600	-65%	-$1.31M	0.07%	384
2013 Q3	$1.73M	Buy	+64,200	New	+$1.73M	0.2%	149