Passport Capital’s AvalonBay Communities AVB Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-9,000	Closed	-$1.57M	–	102
2015 Q3	$1.57M	Buy	+9,000	New	+$1.57M	0.03%	98
2015 Q2	–	Sell	-8,170	Closed	-$1.42M	–	187
2015 Q1	$1.42M	Buy	+8,170	New	+$1.42M	0.04%	106