Nine Chapters Capital Management’s Telefônica Brasil VIV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-18,500	Closed	-$283K	–	1163
2015 Q1	$283K	Buy	+18,500	New	+$283K	0.02%	731