Nine Chapters Capital Management’s Petrobras PBR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-34,100	Closed	-$499K	–	1126
2014 Q2	$499K	Buy	+34,100	New	+$499K	0.04%	551
2013 Q3	–	Sell	-22,000	Closed	-$295K	–	869
2013 Q2	$295K	Buy	+22,000	New	+$295K	0.05%	458