Nine Chapters Capital Management’s Safe Bulkers SB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q2	–	Sell	-17,500	Closed	-$39K	–	155
2017 Q1	$39K	Buy	+17,500	New	+$39K	0.05%	226
2014 Q1	–	Sell	-14,700	Closed	-$153K	–	938
2013 Q4	$153K	Sell	14,700 -5,200	-26%	-$54.1K	0.02%	742
2013 Q3	$135K	Buy	+19,900	New	+$135K	0.02%	681