Nine Chapters Capital Management’s Walker & Dunlop WD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-41,300	Closed	-$1.08M	–	543
2015 Q3	$1.08M	Sell	41,300 -90,700	-69%	-$2.37M	0.09%	317
2015 Q2	$3.53M	Buy	132,000 +54,600	+71%	+$1.46M	0.3%	72
2015 Q1	$1.37M	Buy	77,400 +18,400	+31%	+$326K	0.12%	259
2014 Q4	$1.04M	Buy	+59,000	New	+$1.04M	0.09%	320