Nine Chapters Capital Management’s Vitamin Cottage Natural Grocers NGVC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-14,400	Closed	-$327K	–	361
2015 Q3	$327K	Buy	+14,400	New	+$327K	0.03%	692
2015 Q2	–	Sell	-22,500	Closed	-$621K	–	1091
2015 Q1	$621K	Buy	22,500 +7,500	+50%	+$207K	0.05%	529
2014 Q4	$423K	Buy	+15,000	New	+$423K	0.04%	585