Avalon Investment & Advisory’s Maximus MMS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-11,357	Closed	-$676K	–	267
2015 Q3	$676K	Buy	11,357 +3,109	+38%	+$185K	0.03%	178
2015 Q2	$542K	Buy	8,248 +2,051	+33%	+$135K	0.02%	195
2015 Q1	$414K	Buy	6,197 +1,737	+39%	+$116K	0.02%	192
2014 Q4	$245K	Buy	+4,460	New	+$245K	0.01%	209