Phillips Edison & Company Inc. (PECO)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Blackrock, Inc.	21,453,925	$782,853,734	0.02%
2.	Vanguard Group Inc	19,720,204	$719,590,244	0.01%
3.	Schwab Charles Investment Management Inc	2,174,051	$79,331,121	0.01%
4.	Goldman Sachs Group Inc	1,121,915	$40,938,688	0.01%
5.	Massachusetts Financial Services Co	1,077,372	$39,313,304	0.01%