Salem Capital Management’s AvalonBay Communities AVB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2022 Q3	$353K	Hold	1,914	–	–	0.28%	46
2022 Q2	$372K	Sell	1,914 -75	-4%	-$14.6K	0.27%	47
2022 Q1	$494K	Buy	1,989 +150	+8%	+$37.3K	0.28%	51
2021 Q4	$465K	Sell	1,839 -447	-20%	-$113K	0.24%	55
2021 Q3	$507K	Sell	2,286 -78	-3%	-$17.3K	0.28%	53
2021 Q2	$493K	Hold	2,364	–	–	0.27%	53
2021 Q1	$436K	Hold	2,364	–	–	0.26%	55
2020 Q4	$379K	Hold	2,364	–	–	0.24%	53
2020 Q3	$353K	Hold	2,364	–	–	0.26%	51
2020 Q2	$366K	Hold	2,364	–	–	0.26%	52
2020 Q1	$348K	Hold	2,364	–	–	0.29%	51
2019 Q4	$496K	Hold	2,364	–	–	0.27%	52
2019 Q3	$509K	Hold	2,364	–	–	0.29%	50
2019 Q2	$480K	Hold	2,364	–	–	0.27%	55
2019 Q1	$475K	Sell	2,364 -300	-11%	-$60.3K	0.26%	53
2018 Q4	$464K	Hold	2,664	–	–	0.29%	53
2018 Q3	$483K	Hold	2,664	–	–	0.26%	51
2018 Q2	$458K	Hold	2,664	–	–	0.25%	52
2018 Q1	$438K	Sell	2,664 -363	-12%	-$59.7K	0.24%	53
2017 Q4	$540K	Hold	3,027	–	–	0.27%	50
2017 Q3	$540K	Hold	3,027	–	–	0.28%	50
2017 Q2	$582K	Hold	3,027	–	–	0.33%	50
2017 Q1	$556K	Hold	3,027	–	–	0.31%	49
2016 Q4	$536K	Hold	3,027	–	–	0.3%	49
2016 Q3	$538K	Hold	3,027	–	–	0.3%	50
2016 Q2	$546K	Hold	3,027	–	–	0.31%	49
2016 Q1	$576K	Hold	3,027	–	–	0.32%	49
2015 Q4	$557K	Hold	3,027	–	–	0.32%	51
2015 Q3	$529K	Hold	3,027	–	–	0.31%	51
2015 Q2	$484K	Hold	3,027	–	–	0.25%	51
2015 Q1	$527K	Hold	3,027	–	–	0.27%	49
2014 Q4	$495K	Hold	3,027	–	–	0.24%	53
2014 Q3	$427K	Hold	3,027	–	–	0.2%	55
2014 Q2	$430K	Hold	3,027	–	–	0.19%	58
2014 Q1	$398K	Hold	3,027	–	–	0.17%	60
2013 Q4	$358K	Hold	3,027	–	–	0.15%	61
2013 Q3	$385K	Hold	3,027	–	–	0.18%	60
2013 Q2	$408K	Buy	+3,027	New	+$408K	0.19%	60