Nine Chapters Capital Management’s Titan International TWI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-68,800	Closed	-$644K	–	1155
2015 Q1	$644K	Buy	68,800 +11,700	+20%	+$110K	0.05%	510
2014 Q4	$607K	Buy	+57,100	New	+$607K	0.05%	480
2013 Q4	–	Sell	-10,400	Closed	-$152K	–	945
2013 Q3	$152K	Buy	+10,400	New	+$152K	0.02%	669