Nine Chapters Capital Management’s Winmark WINA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-4,900	Closed	-$360K	–	1210
2014 Q3	$360K	Sell	4,900 -1,900	-28%	-$140K	0.03%	646
2014 Q2	$473K	Buy	+6,800	New	+$473K	0.04%	570