Nine Chapters Capital Management’s PDF Solutions PDFS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-12,400	Closed	-$156K	–	1109
2014 Q3	$156K	Buy	+12,400	New	+$156K	0.01%	882
2014 Q2	–	Sell	-24,900	Closed	-$452K	–	1083
2014 Q1	$452K	Buy	+24,900	New	+$452K	0.05%	483