Nine Chapters Capital Management’s RE/MAX Holdings RMAX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-6,900	Closed	-$245K	–	1146
2015 Q2	$245K	Buy	+6,900	New	+$245K	0.02%	765
2015 Q1	–	Sell	-14,300	Closed	-$490K	–	1105
2014 Q4	$490K	Sell	14,300 -3,300	-19%	-$113K	0.04%	544
2014 Q3	$523K	Buy	+17,600	New	+$523K	0.05%	503