Nine Chapters Capital Management’s Mine Safety MSA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-41,200	Closed	-$1.65M	–	347
2015 Q3	$1.65M	Buy	41,200 +31,400	+320%	+$1.26M	0.15%	196
2015 Q2	$475K	Sell	9,800 -13,300	-58%	-$645K	0.04%	603
2015 Q1	$1.15M	Buy	+23,100	New	+$1.15M	0.1%	337