TOLL BROTHERS INC

Ticker: TOL CUSIP: 889478103 Class: COM

Covalent Partners LLC's Holding History (CIK: 0001531611)

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

Q3 2018

Shares 116,430 Value ($000) $3,846 Avg Close $36.19 Range $32.92 - $39.80

Q2 2018

Shares 112,232 Value ($000) $4,151 Avg Close $40.96 Range $35.72 - $45.29

Q2 2017

Shares 136,361 Value ($000) $5,388 Avg Close $37.32 Range $34.99 - $39.82

Q1 2017

Shares 333,579 Value ($000) $12,046 Avg Close $33.34 Range $30.45 - $37.28

Q4 2016

Shares 418,672 Value ($000) $12,979 Avg Close $29.64 Range $26.65 - $33.48

Q3 2016

Shares 564,817 Value ($000) $16,865 Avg Close $28.89 Range $26.19 - $32.25

Q2 2016

Shares 509,000 Value ($000) $13,697 Avg Close $28.10 Range $25.29 - $30.17

Q1 2016

Shares 310,000 Value ($000) $9,148 Avg Close $27.95 Range $23.75 - $33.39

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	116,430	$3,846	$36.19	$32.92 - $39.80
Q2 2018	112,232	$4,151	$40.96	$35.72 - $45.29
Q2 2017	136,361	$5,388	$37.32	$34.99 - $39.82
Q1 2017	333,579	$12,046	$33.34	$30.45 - $37.28
Q4 2016	418,672	$12,979	$29.64	$26.65 - $33.48
Q3 2016	564,817	$16,865	$28.89	$26.19 - $32.25
Q2 2016	509,000	$13,697	$28.10	$25.29 - $30.17
Q1 2016	310,000	$9,148	$27.95	$23.75 - $33.39