Avalon Investment & Advisory’s Herc Holdings HRI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-97,100	Closed	-$6.46M	–	185
2013 Q3	$6.46M	Sell	97,100 -9,151	-9%	-$608K	0.42%	102
2013 Q2	$7.91M	Buy	+106,251	New	+$7.91M	0.47%	91