Avalon Investment & Advisory’s Wabtec WAB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-11,875	Closed	-$1.05M	–	275
2015 Q3	$1.05M	Buy	11,875 +3,240	+38%	+$285K	0.05%	137
2015 Q2	$814K	Buy	8,635 +2,134	+33%	+$201K	0.04%	145
2015 Q1	$618K	Buy	6,501 +1,814	+39%	+$172K	0.03%	147
2014 Q4	$407K	Buy	+4,687	New	+$407K	0.02%	166