Nine Chapters Capital Management’s Preferred Bank PFBC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q2	–	Sell	-4,100	Closed	-$220K	–	145
2017 Q1	$220K	Buy	+4,100	New	+$220K	0.3%	145
2015 Q4	–	Sell	-15,800	Closed	-$499K	–	405
2015 Q3	$499K	Buy	15,800 +7,700	+95%	+$243K	0.04%	565
2015 Q2	$243K	Buy	+8,100	New	+$243K	0.02%	767