BlackRock Fund Advisors’s Alexandria Real Estate Equities ARE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	$457M	Buy	4,111,967 +100,697	+3%	+$10.8M	0.08%	227
2016 Q3	$436M	Buy	4,011,270 +385,084	+11%	+$41.9M	0.09%	218
2016 Q2	$375M	Buy	3,626,186 +178,468	+5%	+$17M	0.08%	234
2016 Q1	$313M	Sell	3,447,718 -18,631	-0.5%	-$1.52M	0.07%	281
2015 Q4	$313M	Buy	3,466,349 +211,900	+7%	+$19.2M	0.07%	284
2015 Q3	$276M	Sell	3,254,449 -16,471	-0.5%	-$1.48M	0.07%	291
2015 Q2	$286M	Sell	3,270,920 -75,654	-2%	-$7.02M	0.07%	300
2015 Q1	$328M	Buy	3,346,574 +122,536	+4%	+$11.8M	0.08%	262
2014 Q4	$286M	Buy	3,224,038 +114,083	+4%	+$9.54M	0.07%	290
2014 Q3	$229M	Sell	3,109,955 -1,729	-0.1%	-$135K	0.06%	322
2014 Q2	$242M	Buy	3,111,684 +198,205	+7%	+$14.9M	0.07%	311
2014 Q1	$211M	Sell	2,913,479 -25,313	-0.9%	-$1.78M	0.06%	344
2013 Q4	$187M	Buy	2,938,792 +66,405	+2%	+$4.26M	0.06%	406
2013 Q3	$183M	Sell	2,872,387 -55,406	-2%	-$3.65M	0.06%	363
2013 Q2	$192M	Buy	+2,927,793	New	+$207M	0.07%	302