Avalon Investment & Advisory’s British American Tobacco BTI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-33,616	Closed	-$1.7M	–	353
2018 Q2	$1.7M	Sell	33,616 -2,314	-6%	-$122K	0.05%	230
2018 Q1	$2.07M	Buy	35,930 +4,062	+13%	+$255K	0.06%	209
2017 Q4	$2.13M	Buy	31,868 +2,461	+8%	+$160K	0.07%	197
2017 Q3	$1.84M	Buy	29,407 +7,939	+37%	+$512K	0.06%	194
2017 Q2	$1.47M	Buy	21,468 +3,799	+22%	+$264K	0.05%	211
2017 Q1	$1.17M	Sell	17,669 -7,709	-30%	-$477K	0.04%	237
2016 Q4	$1.43M	Sell	25,378 -4	-0%	-$227	0.05%	198
2016 Q3	$1.62M	Sell	25,382 -5,536	-18%	-$351K	0.06%	168
2016 Q2	$2M	Buy	30,918 +2,294	+8%	+$139K	0.08%	122
2016 Q1	$1.67M	Buy	28,624 +94	+0.3%	+$5.17K	0.07%	102
2015 Q4	$1.58M	Buy	28,530 +10,160	+55%	+$583K	0.07%	120
2015 Q3	$1.01M	Sell	18,370 -2,632	-13%	-$146K	0.04%	140
2015 Q2	$1.14M	Buy	21,002 +5,008	+31%	+$276K	0.05%	125
2015 Q1	$830K	Buy	15,994 +1,298	+9%	+$72K	0.04%	126
2014 Q4	$792K	Sell	14,696 -218	-1%	-$12.3K	0.04%	125
2014 Q3	$843K	Buy	14,914 +174	+1%	+$10.3K	0.04%	130
2014 Q2	$878K	Buy	14,740 +1,312	+10%	+$76.8K	0.04%	131
2014 Q1	$748K	Buy	13,428 +458	+4%	+$23.8K	0.04%	129
2013 Q4	$697K	Buy	12,970 +596	+5%	+$31.7K	0.04%	134
2013 Q3	$651K	Sell	12,374 -366	-3%	-$19.4K	0.04%	135
2013 Q2	$656K	Buy	+12,740	New	+$701K	0.04%	143