AVALON HLDGS CORP

Ticker: AWX CUSIP: 05343P109 Class: CL A

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (3)

DRW Securities, LLC

Value ($000) $56 Shares 20,811

Value ($000) $0 Shares 100

Value ($000) $0 Shares 1

Institution	Shares	Value ($000)
DRW Securities, LLC	20,811	$56
FMR LLC	100	$0
CITIGROUP INC	1	$0

Increased Positions (3)

VANGUARD GROUP INC

Value ($000) $49 (+22.4%) Shares 18,392 (+18.7%)

DIMENSIONAL FUND ADVISORS LP

Value ($000) $204 (+5.0%) Shares 75,897 (+1.7%)

GEODE CAPITAL MANAGEMENT, LLC

Value ($000) $39 (+12.6%) Shares 14,395 (+9.1%)

Institution	Prev Shares	Curr Shares	Change
VANGUARD GROUP INC	15,500	18,392	+2,892 (+18.7%)
DIMENSIONAL FUND ADVISORS LP	74,597	75,897	+1,300 (+1.7%)
GEODE CAPITAL MANAGEMENT, LLC	13,191	14,395	+1,204 (+9.1%)

Decreased Positions (1)

BRIDGEWAY CAPITAL MANAGEMENT, LLC

Value ($000) $56 (-31.9%) Shares 20,800 (-34.0%)

Institution	Prev Shares	Curr Shares	Change
BRIDGEWAY CAPITAL MANAGEMENT, LLC	31,528	20,800	-10,728 (-34.0%)

Exited Positions (1)

Tower Research Capital LLC (TRC)

Value ($000) $5 Shares 1,831

Institution	Prev Shares	Prev Value ($000)
Tower Research Capital LLC (TRC)	1,831	$5