Phillips Edison & Company Inc. (PECO)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Vanguard Group Inc	20,414,331	$715,114,016	0.01%
2.	Geode Capital Management, Llc	3,395,070	$118,941,935	0.01%
3.	Duff & Phelps Investment Management Co	1,522,883	$53,346,591	0.63%
4.	Massachusetts Financial Services Co	1,026,115	$35,944,808	0.01%
5.	Bank Of New York Mellon Corp	991,796	$34,742,613	0.01%