Sandler Capital Management’s AvalonBay Communities AVB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-1,100	Closed	-$224K	–	146
2025 Q2	$224K	Sell	1,100 -50	-4%	-$10.2K	0.08%	138
2025 Q1	$247K	Hold	1,150	–	–	0.08%	115
2024 Q4	$253K	Hold	1,150	–	–	0.04%	149
2024 Q3	$259K	Hold	1,150	–	–	0.05%	139
2024 Q2	$238K	Hold	1,150	–	–	0.05%	120
2024 Q1	$213K	Hold	1,150	–	–	0.03%	137
2023 Q4	$215K	Buy	+1,150	New	+$201K	0.03%	106
2022 Q4	–	Sell	-1,200	Closed	-$221K	–	99
2022 Q3	$221K	Buy	+1,200	New	+$242K	0.05%	76
2019 Q4	–	Sell	-74,603	Closed	-$16.1M	–	75
2019 Q3	$16.1M	Sell	74,603 -59,572	-44%	-$12.5M	3.57%	29
2019 Q2	$27.3M	Buy	134,175 +30,245	+29%	+$6.13M	4.03%	11
2019 Q1	$20.9M	Sell	103,930 -186,460	-64%	-$35.6M	3.04%	13
2018 Q4	$50.5M	Buy	290,390 +76,047	+35%	+$13.7M	8.34%	2
2018 Q3	$38.8M	Buy	214,343 +120,743	+129%	+$21.6M	3.95%	9
2018 Q2	$16.1M	Buy	+93,600	New	+$15.5M	2.88%	27
2015 Q2	–	Sell	-48,000	Closed	-$8.36M	–	168
2015 Q1	$8.36M	Sell	48,000 -36,100	-43%	-$6.24M	0.66%	71
2014 Q4	$13.7M	Buy	+84,100	New	+$13.2M	1.1%	44