Municipal Employees' Retirement System of Michigan’s Towne Bank TOWN Stock Holding History

Municipal Employees' Retirement System of Michigan’s Portfolio TOWN Stock Details TOWN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-42,490	Closed	-$1.02M	–	1722
2016 Q3	$1.02M	Hold	42,490	–	–	0.05%	577
2016 Q2	$925K	Hold	42,490	–	–	0.05%	600
2016 Q1	$820K	Hold	42,490	–	–	0.05%	533
2015 Q4	$892K	Buy	42,490 +12,200	+40%	+$258K	0.07%	436
2015 Q3	$575K	Sell	30,290 -19,110	-39%	-$342K	0.04%	653
2015 Q2	$805K	Hold	49,400	–	–	0.06%	538
2015 Q1	$800K	Hold	49,400	–	–	0.06%	500
2014 Q4	$752K	Buy	+49,400	New	+$728K	0.05%	588

Other funds holding TOWN

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.14% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.26% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's TOWN Position: Q4 2016 in Review

Municipal Employees' Retirement System of Michigan sold out of Towne Bank (TOWN) in Q4 2016, closing a stake of 42,490 shares — an estimated $1.02M sold.

Municipal Employees' Retirement System of Michigan first reported a position in TOWN in Q4 2014 and held it in 8 quarters. The position peaked at $1.02M in Q3 2016. 131 funds tracked by Wall St. Rank hold TOWN as of Q4 2016.

Municipal Employees' Retirement System of Michigan reported no remaining Towne Bank position as of Q4 2016 after selling out during the quarter.
Municipal Employees' Retirement System of Michigan sold 42,490 Towne Bank shares in Q4 2016, an estimated $1.02M.
Municipal Employees' Retirement System of Michigan first reported a position in Towne Bank in Q4 2014 and held it in 8 quarters.
Municipal Employees' Retirement System of Michigan's Towne Bank position peaked at $1.02M in Q3 2016.
131 funds tracked by Wall St. Rank held Towne Bank as of Q4 2016.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q4 2016, filed 7 Feb 2017.