Nine Chapters Capital Management’s Smith & Wesson SWBI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-80,402	Closed	-$1.04M	–	488
2015 Q3	$1.04M	Buy	+80,402	New	+$1.04M	0.09%	325
2014 Q2	–	Sell	-20,946	Closed	-$235K	–	1117
2014 Q1	$235K	Buy	+20,946	New	+$235K	0.03%	680