Nine Chapters Capital Management’s Shenandoah Telecom SHEN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-26,600	Closed	-$569K	–	463
2015 Q3	$569K	Buy	+26,600	New	+$569K	0.05%	523