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PGGM
> AVB
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2008 | AVALONBAY COMMUNITIES INC | AVB | 2,191,295 | -1,456,410 | 215,667,000 | -109,562,000 | $98.42 |
| 06/30/2008 | AVALONBAY COMMUNITIES INC | AVB | 3,647,705 | 0 | 325,229,000 | -26,847,000 | $89.16 |
| 03/31/2008 | AVALONBAY COMMUNITIES INC | AVB | 3,647,705 | 0 | 352,076,000 | 8,681,000 | $96.52 |
| 12/31/2007 | AVALONBAY COMMUNITIES INC | AVB | 3,647,705 | 3,647,705 | 343,395,000 | 343,395,000 | $94.14 |
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