BlackRock Institutional Trust’s AvalonBay Communities AVB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	$964M	Buy	5,440,128 +110,929	+2%	+$18.7M	0.14%	138
2016 Q3	$948M	Sell	5,329,199 -216,242	-4%	-$38.9M	0.15%	136
2016 Q2	$1B	Buy	5,545,441 +36,553	+0.7%	+$6.59M	0.16%	121
2016 Q1	$1.05B	Buy	5,508,888 +116,470	+2%	+$20.6M	0.17%	115
2015 Q4	$993M	Buy	5,392,418 +206,490	+4%	+$37M	0.16%	123
2015 Q3	$907M	Sell	5,185,928 -41,890	-0.8%	-$7.1M	0.16%	123
2015 Q2	$836M	Buy	5,227,818 +15,685	+0.3%	+$2.61M	0.13%	144
2015 Q1	$908M	Sell	5,212,133 -23,138	-0.4%	-$4M	0.14%	144
2014 Q4	$855M	Buy	5,235,271 +95,119	+2%	+$14.9M	0.14%	151
2014 Q3	$725M	Buy	5,140,152 +330,063	+7%	+$49M	0.12%	165
2014 Q2	$684M	Buy	4,810,089 +78,671	+2%	+$10.9M	0.11%	188
2014 Q1	$621M	Buy	4,731,418 +29,930	+0.6%	+$3.77M	0.11%	189
2013 Q4	$556M	Buy	4,701,488 +132,375	+3%	+$16.3M	0.1%	206
2013 Q3	$581M	Buy	4,569,113 +16,976	+0.4%	+$2.24M	0.11%	185
2013 Q2	$614M	Buy	+4,552,137	New	+$608M	0.12%	156