TOLL BROTHERS INC

Ticker: TOL CUSIP: 889478103 Class: COM

Partners Value Investments LP's Holding History (CIK: 0001162777)

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

Q4 2017

Shares 197,200 Value ($000) $9,470 Avg Close $46.01 Range $41.16 - $51.08

Q3 2017

Shares 197,200 Value ($000) $8,178 Avg Close $39.33 Range $36.55 - $41.60

Q2 2017

Shares 197,200 Value ($000) $7,791 Avg Close $37.32 Range $34.99 - $39.82

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	197,200	$9,470	$46.01	$41.16 - $51.08
Q3 2017	197,200	$8,178	$39.33	$36.55 - $41.60
Q2 2017	197,200	$7,791	$37.32	$34.99 - $39.82