State of Michigan Retirement System’s National CineMedia NCMI Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-129,100	Closed	-$9.58M	–	948
2017 Q2	$9.58M	Hold	129,100	–	–	0.07%	213
2017 Q1	$16.3M	Hold	129,100	–	–	0.13%	131
2016 Q4	$19M	Hold	129,100	–	–	0.15%	124
2016 Q3	$19M	Hold	129,100	–	–	0.15%	125
2016 Q2	$20M	Hold	129,100	–	–	0.16%	120
2016 Q1	$19.6M	Hold	129,100	–	–	0.16%	116
2015 Q4	$20.3M	Sell	129,100 -30,500	-19%	-$4.52M	0.16%	114
2015 Q3	$21.4M	Sell	159,600 -12,800	-7%	-$1.84M	0.17%	109
2015 Q2	$27.5M	Hold	172,400	–	–	0.19%	100
2015 Q1	$26M	Buy	172,400 +5,500	+3%	+$820K	0.18%	100
2014 Q4	$24M	Buy	166,900 +14,831	+10%	+$2.13M	0.16%	119
2014 Q3	$22.1M	Buy	152,069 +24,369	+19%	+$3.73M	0.15%	121
2014 Q2	$22.4M	Buy	127,700 +14,000	+12%	+$2.23M	0.16%	119
2014 Q1	$17.1M	Buy	113,700 +48,500	+74%	+$8.37M	0.13%	139
2013 Q4	$13M	Hold	65,200	–	–	0.1%	169
2013 Q3	$12.3M	Hold	65,200	–	–	0.11%	172
2013 Q2	$11M	Buy	+65,200	New	+$10.7M	0.1%	169

Other funds holding NCMI

Standard General New York $336M AUM 16.52% 1-Year Est. Return

ACH

ArrowMark Colorado Holdings Denver, Colorado $3.76B AUM 21.77% 1-Year Est. Return

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

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

OCM

Oaktree Capital Management Los Angeles, California $6.56B AUM 42.97% 1-Year Est. Return

TSW

Thompson Siegel & Walmsley Richmond, Virginia $5.7B AUM 6.69% 1-Year Est. Return

State of New Jersey Common Pension Fund D Trenton, New Jersey $25.9B AUM 26.38% 1-Year Est. Return

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

Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return

RRAM

River Road Asset Management Louisville, Kentucky $8.99B AUM 12.83% 1-Year Est. Return

State of Michigan Retirement System's NCMI Position: Q3 2017 in Review

State of Michigan Retirement System sold out of National CineMedia (NCMI) in Q3 2017, closing a stake of 129,100 shares — an estimated $9.58M sold.

State of Michigan Retirement System first reported a position in NCMI in Q2 2013 and held it in 17 quarters. The position peaked at $27.5M in Q2 2015. 137 funds tracked by Wall St. Rank hold NCMI as of Q3 2017.

State of Michigan Retirement System reported no remaining National CineMedia position as of Q3 2017 after selling out during the quarter.
State of Michigan Retirement System sold 129,100 National CineMedia shares in Q3 2017, an estimated $9.58M.
State of Michigan Retirement System first reported a position in National CineMedia in Q2 2013 and held it in 17 quarters.
State of Michigan Retirement System's National CineMedia position peaked at $27.5M in Q2 2015.
137 funds tracked by Wall St. Rank held National CineMedia as of Q3 2017.

Based on State of Michigan Retirement System's 13F filing for Q3 2017, filed 19 Oct 2017.