Nine Chapters Capital Management’s Companhia Siderúrgica Nacional SID Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-12,000	Closed	-$20K	–	1156
2015 Q2	$20K	Buy	+12,000	New	+$20K	﹤0.01%	928
2014 Q1	–	Sell	-80,700	Closed	-$500K	–	944
2013 Q4	$500K	Buy	80,700 +47,300	+142%	+$293K	0.05%	486
2013 Q3	$143K	Buy	+33,400	New	+$143K	0.02%	676