State of Michigan Retirement System’s Axos Financial AX Stock Holding History

State of Michigan Retirement System’s Portfolio AX Stock Details AX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-961,487	Closed	-$27.4M	–	940
2017 Q3	$27.4M	Sell	961,487 -100,000	-9%	-$2.61M	0.22%	93
2017 Q2	$25.2M	Hold	1,061,487	–	–	0.19%	102
2017 Q1	$27.7M	Hold	1,061,487	–	–	0.21%	93
2016 Q4	$30.3M	Sell	1,061,487 -4,000	-0.4%	-$95.2K	0.24%	84
2016 Q3	$23.9M	Sell	1,065,487 -1,035,000	-49%	-$20.1M	0.19%	104
2016 Q2	$37.2M	Sell	2,100,487 -741,613	-26%	-$13.9M	0.29%	74
2016 Q1	$60.6M	Sell	2,842,100 -49,900	-2%	-$904K	0.48%	47
2015 Q4	$60.9M	Hold	2,892,000	–	–	0.47%	48
2015 Q3	$93.1M	Buy	2,892,000 +2,432,000	+529%	+$72.7M	0.72%	33
2015 Q2	$12.2M	Buy	+460,000	New	+$10.9M	0.08%	189

Other funds holding AX

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

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

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

DAM

Davis Asset Management Sausalito, California $3.46B AUM 9.77% 1-Year Est. Return

BCM

Basswood Capital Management New York $2.12B AUM 19.53% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

VOAM

Vertex One Asset Management Vancouver, British Columbia, Canada $434M AUM 37.82% 1-Year Est. Return

Pembroke Management Montreal, Quebec, Canada $691M AUM 27.96% 1-Year Est. Return

State of Michigan Retirement System's AX Position: Q4 2017 in Review

State of Michigan Retirement System sold out of Axos Financial (AX) in Q4 2017, closing a stake of 961,487 shares — an estimated $27.4M sold.

State of Michigan Retirement System first reported a position in AX in Q2 2015 and held it in 10 quarters. The position peaked at $93.1M in Q3 2015. 237 funds tracked by Wall St. Rank hold AX as of Q4 2017.

State of Michigan Retirement System reported no remaining Axos Financial position as of Q4 2017 after selling out during the quarter.
State of Michigan Retirement System sold 961,487 Axos Financial shares in Q4 2017, an estimated $27.4M.
State of Michigan Retirement System first reported a position in Axos Financial in Q2 2015 and held it in 10 quarters.
State of Michigan Retirement System's Axos Financial position peaked at $93.1M in Q3 2015.
237 funds tracked by Wall St. Rank held Axos Financial as of Q4 2017.

Based on State of Michigan Retirement System's 13F filing for Q4 2017, filed 1 Feb 2018.