Nine Chapters Capital Management’s Vulcan Materials VMC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-22,200	Closed	-$1.98M	–	530
2015 Q3	$1.98M	Sell	22,200 -86,300	-80%	-$7.7M	0.17%	162
2015 Q2	$9.11M	Buy	+108,500	New	+$9.11M	0.77%	10
2014 Q2	–	Sell	-4,900	Closed	-$326K	–	1135
2014 Q1	$326K	Buy	+4,900	New	+$326K	0.04%	590