AVALONBAY CMNTYS INC

Ticker: AVB CUSIP: 053484101 Class: COM

Davis Selected Advisers's Holding History (CIK: 0001036325)

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

Q4 2025

Shares 78,840 Value ($000) $14,294 Avg Close $179.77 Range $165.15 - $191.98

Q3 2025

Shares 66,580 Value ($000) $12,861 Avg Close $191.17 Range $177.89 - $202.68

Q2 2025

Shares 57,820 Value ($000) $11,766 Avg Close $199.04 Range $175.56 - $210.66

Q1 2025

Shares 56,650 Value ($000) $12,158 Avg Close $209.57 Range $199.61 - $222.20

Q4 2024

Shares 56,220 Value ($000) $12,367 Avg Close $216.25 Range $206.96 - $229.18

Q3 2024

Shares 56,610 Value ($000) $12,751 Avg Close $205.33 Range $190.30 - $224.57

Q2 2024

Shares 57,770 Value ($000) $0 Avg Close $182.28 Range $167.23 - $198.13

Q1 2024

Shares 66,120 Value ($000) $12,269 Avg Close $167.99 Range $158.16 - $176.02

Q4 2023

Shares 74,020 Value ($000) $13,858 Avg Close $161.55 Range $148.53 - $178.96

Q3 2023

Shares 81,040 Value ($000) $13,918 Avg Close $169.52 Range $157.16 - $182.14

Q2 2023

Shares 95,050 Value ($000) $17,990 Avg Close $162.28 Range $149.19 - $175.29

Q1 2023

Shares 92,920 Value ($000) $15,616 Avg Close $153.48 Range $137.68 - $167.10

Q4 2022

Shares 86,500 Value ($000) $13,971 Avg Close $151.65 Range $141.03 - $169.04

Q3 2022

Shares 80,590 Value ($000) $14,844 Avg Close $178.22 Range $160.20 - $194.63

Q2 2022

Shares 80,590 Value ($000) $15,655 Avg Close $189.75 Range $160.59 - $226.69

Q1 2022

Shares 77,840 Value ($000) $19,333 Avg Close $212.68 Range $199.34 - $225.50

Q4 2021

Shares 76,780 Value ($000) $19,394 Avg Close $206.31 Range $189.24 - $221.63

Q3 2021

Shares 79,510 Value ($000) $17,623 Avg Close $192.84 Range $178.76 - $200.51

Q2 2021

Shares 97,150 Value ($000) $20,274 Avg Close $170.51 Range $156.48 - $184.66

Q1 2021

Shares 99,230 Value ($000) $18,309 Avg Close $147.80 Range $130.86 - $165.19

Q4 2020

Shares 82,770 Value ($000) $13,279 Avg Close $133.06 Range $109.91 - $154.34

Q3 2020

Shares 81,680 Value ($000) $12,198 Avg Close $126.71 Range $118.63 - $135.86

Q2 2020

Shares 87,230 Value ($000) $13,489 Avg Close $129.64 Range $106.71 - $145.90

Q1 2020

Shares 112,680 Value ($000) $16,583 Avg Close $163.41 Range $95.83 - $186.04

Q4 2019

Shares 143,060 Value ($000) $30,000 Avg Close $172.50 Range $165.91 - $179.43

Q3 2019

Shares 151,320 Value ($000) $32,584 Avg Close $167.15 Range $158.16 - $174.16

Q2 2019

Shares 145,870 Value ($000) $29,638 Avg Close $160.79 Range $151.87 - $168.00

Q1 2019

Shares 156,430 Value ($000) $31,400 Avg Close $150.51 Range $132.54 - $159.87

Q4 2018

Shares 165,550 Value ($000) $28,814 Avg Close $141.10 Range $130.38 - $149.82

Q3 2018

Shares 154,102 Value ($000) $27,916 Avg Close $138.32 Range $130.81 - $144.00

Q2 2018

Shares 125,506 Value ($000) $21,573 Avg Close $126.88 Range $120.45 - $134.30

Q1 2018

Shares 116,282 Value ($000) $19,124 Avg Close $124.68 Range $116.09 - $136.28

Q4 2017

Shares 84,111 Value ($000) $15,006 Avg Close $136.97 Range $132.17 - $142.53

Q3 2017

Shares 83,991 Value ($000) $14,986 Avg Close $140.26 Range $132.94 - $146.79

Q2 2017

Shares 114,501 Value ($000) $22,004 Avg Close $142.09 Range $135.22 - $148.23

Q1 2017

Shares 114,675 Value ($000) $21,054 Avg Close $132.32 Range $124.96 - $138.60

Q4 2016

Shares 114,301 Value ($000) $20,248 Avg Close $123.37 Range $115.82 - $131.06

Q3 2016

Shares 111,971 Value ($000) $19,913 Avg Close $130.70 Range $122.41 - $136.52

Q2 2016

Shares 111,970 Value ($000) $20,198 Avg Close $129.86 Range $120.04 - $138.55

Q1 2016

Shares 100,117 Value ($000) $19,042 Avg Close $126.35 Range $114.93 - $137.26

Q4 2015

Shares 85,856 Value ($000) $15,809 Avg Close $127.20 Range $119.95 - $133.33

Q3 2015

Shares 78,626 Value ($000) $13,745 Avg Close $119.50 Range $112.12 - $127.12

Q2 2015

Shares 201,583 Value ($000) $32,227 Avg Close $116.57 Range $111.07 - $123.47

Q1 2015

Shares 237,969 Value ($000) $41,466 Avg Close $120.13 Range $113.82 - $126.25

Q4 2014

Shares 154,976 Value ($000) $25,322 Avg Close $108.21 Range $97.29 - $117.40

Q3 2014

Shares 158,985 Value ($000) $22,412 Avg Close $101.55 Range $96.10 - $107.55

Q2 2014

Shares 263,499 Value ($000) $37,467 Avg Close $93.88 Range $88.27 - $98.09

Q1 2014

Shares 263,169 Value ($000) $34,559 Avg Close $84.84 Range $76.80 - $89.72

Q4 2013

Shares 383,614 Value ($000) $45,355 Avg Close $82.16 Range $77.35 - $90.10

Q3 2013

Shares 376,698 Value ($000) $47,875 Avg Close $87.24 Range $80.23 - $93.70

Q2 2013

Shares 473,227 Value ($000) $63,843 Avg Close $87.72 Range $83.10 - $93.12

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	78,840	$14,294	$179.77	$165.15 - $191.98
Q3 2025	66,580	$12,861	$191.17	$177.89 - $202.68
Q2 2025	57,820	$11,766	$199.04	$175.56 - $210.66
Q1 2025	56,650	$12,158	$209.57	$199.61 - $222.20
Q4 2024	56,220	$12,367	$216.25	$206.96 - $229.18
Q3 2024	56,610	$12,751	$205.33	$190.30 - $224.57
Q2 2024	57,770	$0	$182.28	$167.23 - $198.13
Q1 2024	66,120	$12,269	$167.99	$158.16 - $176.02
Q4 2023	74,020	$13,858	$161.55	$148.53 - $178.96
Q3 2023	81,040	$13,918	$169.52	$157.16 - $182.14
Q2 2023	95,050	$17,990	$162.28	$149.19 - $175.29
Q1 2023	92,920	$15,616	$153.48	$137.68 - $167.10
Q4 2022	86,500	$13,971	$151.65	$141.03 - $169.04
Q3 2022	80,590	$14,844	$178.22	$160.20 - $194.63
Q2 2022	80,590	$15,655	$189.75	$160.59 - $226.69
Q1 2022	77,840	$19,333	$212.68	$199.34 - $225.50
Q4 2021	76,780	$19,394	$206.31	$189.24 - $221.63
Q3 2021	79,510	$17,623	$192.84	$178.76 - $200.51
Q2 2021	97,150	$20,274	$170.51	$156.48 - $184.66
Q1 2021	99,230	$18,309	$147.80	$130.86 - $165.19
Q4 2020	82,770	$13,279	$133.06	$109.91 - $154.34
Q3 2020	81,680	$12,198	$126.71	$118.63 - $135.86
Q2 2020	87,230	$13,489	$129.64	$106.71 - $145.90
Q1 2020	112,680	$16,583	$163.41	$95.83 - $186.04
Q4 2019	143,060	$30,000	$172.50	$165.91 - $179.43
Q3 2019	151,320	$32,584	$167.15	$158.16 - $174.16
Q2 2019	145,870	$29,638	$160.79	$151.87 - $168.00
Q1 2019	156,430	$31,400	$150.51	$132.54 - $159.87
Q4 2018	165,550	$28,814	$141.10	$130.38 - $149.82
Q3 2018	154,102	$27,916	$138.32	$130.81 - $144.00
Q2 2018	125,506	$21,573	$126.88	$120.45 - $134.30
Q1 2018	116,282	$19,124	$124.68	$116.09 - $136.28
Q4 2017	84,111	$15,006	$136.97	$132.17 - $142.53
Q3 2017	83,991	$14,986	$140.26	$132.94 - $146.79
Q2 2017	114,501	$22,004	$142.09	$135.22 - $148.23
Q1 2017	114,675	$21,054	$132.32	$124.96 - $138.60
Q4 2016	114,301	$20,248	$123.37	$115.82 - $131.06
Q3 2016	111,971	$19,913	$130.70	$122.41 - $136.52
Q2 2016	111,970	$20,198	$129.86	$120.04 - $138.55
Q1 2016	100,117	$19,042	$126.35	$114.93 - $137.26
Q4 2015	85,856	$15,809	$127.20	$119.95 - $133.33
Q3 2015	78,626	$13,745	$119.50	$112.12 - $127.12
Q2 2015	201,583	$32,227	$116.57	$111.07 - $123.47
Q1 2015	237,969	$41,466	$120.13	$113.82 - $126.25
Q4 2014	154,976	$25,322	$108.21	$97.29 - $117.40
Q3 2014	158,985	$22,412	$101.55	$96.10 - $107.55
Q2 2014	263,499	$37,467	$93.88	$88.27 - $98.09
Q1 2014	263,169	$34,559	$84.84	$76.80 - $89.72
Q4 2013	383,614	$45,355	$82.16	$77.35 - $90.10
Q3 2013	376,698	$47,875	$87.24	$80.23 - $93.70
Q2 2013	473,227	$63,843	$87.72	$83.10 - $93.12