USS Investment Management’s Alexandria Real Estate Equities ARE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-39,561	Closed	-$3.3M	–	509
2025 Q3	$3.3M	Hold	39,561	–	–	0.02%	442
2025 Q2	$2.87M	Buy	39,561 +299	+0.8%	+$22.2K	0.02%	455
2025 Q1	$3.63M	Hold	39,262	–	–	0.03%	393
2024 Q4	$3.83M	Sell	39,262 -12,422	-24%	-$1.36M	0.03%	421
2024 Q3	$6.14M	Buy	51,684 +1,706	+3%	+$203K	0.04%	360
2024 Q2	$5.85M	Buy	49,978 +1,000	+2%	+$119K	0.05%	336
2024 Q1	$6.31M	Buy	48,978 +1,596	+3%	+$197K	0.05%	316
2023 Q4	$6.01M	Hold	47,382	–	–	0.05%	316
2023 Q3	$4.74M	Buy	47,382 +10,411	+28%	+$1.21M	0.05%	362
2023 Q2	$4.19M	Hold	36,971	–	–	0.05%	394
2023 Q1	$4.64M	Buy	36,971 +2,108	+6%	+$310K	0.06%	348
2022 Q4	$5.08M	Hold	34,863	–	–	0.07%	321
2022 Q3	$4.89M	Buy	34,863 +231	+0.7%	+$35.5K	0.07%	307
2022 Q2	$5.03M	Sell	34,632 -2,276	-6%	-$386K	0.05%	376
2022 Q1	$7.43M	Buy	36,908 +8,229	+29%	+$1.61M	0.06%	333
2021 Q4	$6.39M	Hold	28,679	–	–	0.05%	380
2021 Q3	$5.48M	Buy	+28,679	New	+$5.71M	0.05%	400