Nine Chapters Capital Management’s Plains All American Pipeline PAA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-4,700	Closed	-$243K	–	922
2013 Q4	$243K	Buy	+4,700	New	+$243K	0.02%	669
2013 Q3	–	Sell	-21,500	Closed	-$1.2M	–	867
2013 Q2	$1.2M	Buy	+21,500	New	+$1.2M	0.21%	149