Avalon Capital Management’s AvalonBay Communities AVB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-5,191	Closed	-$907K	–	65
2015 Q3	$907K	Buy	+5,191	New	+$907K	0.84%	39
2014 Q2	–	Sell	-11,686	Closed	-$1.54M	–	93
2014 Q1	$1.54M	Buy	11,686 +6,321	+118%	+$830K	1.24%	27
2013 Q4	$634K	Buy	+5,365	New	+$634K	0.53%	59