NCCM

Nine Chapters Capital Management’s SPDR S&P 500 ETF Trust SPY Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-49,500	Closed	-$9.75M	–	1161
2014 Q3	$9.75M	Buy	49,500 +21,500	+77%	+$4.24M	0.87%	6
2014 Q2	$5.48M	Sell	28,000 -23,300	-45%	-$4.56M	0.45%	41
2014 Q1	$9.59M	Buy	+51,300	New	+$9.59M	1.13%	2