State of Michigan Retirement System’s American Public Education APEI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-294,320	Closed	-$12.4M	–	941
2018 Q2	$12.4M	Hold	294,320	–	–	0.1%	177
2018 Q1	$12.7M	Buy	294,320 +130,000	+79%	+$3.99M	0.1%	164
2017 Q4	$4.12M	Hold	164,320	–	–	0.03%	370
2017 Q3	$3.46M	Hold	164,320	–	–	0.03%	417
2017 Q2	$3.89M	Hold	164,320	–	–	0.03%	404
2017 Q1	$3.76M	Hold	164,320	–	–	0.03%	404
2016 Q4	$4.03M	Hold	164,320	–	–	0.03%	392
2016 Q3	$3.25M	Sell	164,320 -164,000	-50%	-$3.97M	0.03%	456
2016 Q2	$9.23M	Sell	328,320 -91,280	-22%	-$2.27M	0.07%	217
2016 Q1	$8.66M	Sell	419,600 -347,400	-45%	-$6.1M	0.07%	219
2015 Q4	$14.3M	Hold	767,000	–	–	0.11%	156
2015 Q3	$18M	Hold	767,000	–	–	0.14%	125
2015 Q2	$19.7M	Hold	767,000	–	–	0.14%	133
2015 Q1	$23M	Buy	767,000 +42,000	+6%	+$1.4M	0.16%	115
2014 Q4	$26.7M	Hold	725,000	–	–	0.18%	100
2014 Q3	$19.6M	Buy	+725,000	New	+$22.8M	0.14%	140