Capital Innovations’s AvalonBay Communities AVB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-2,090	Closed	-$365K	–	77
2015 Q3	$365K	Buy	+2,090	New	+$365K	0.42%	64
2015 Q2	–	Sell	-1,475	Closed	-$257K	–	89
2015 Q1	$257K	Buy	+1,475	New	+$257K	0.22%	80