State of Michigan Retirement System’s Novartis NVS Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-24,552	Closed	-$1.6M	–	956
2016 Q4	$1.6M	Hold	24,552	–	–	0.01%	707
2016 Q3	$1.74M	Hold	24,552	–	–	0.01%	656
2016 Q2	$1.81M	Buy	24,552 +8,370	+52%	+$578K	0.01%	636
2016 Q1	$1.05M	Buy	+16,182	New	+$1.1M	0.01%	807
2015 Q4	–	Sell	-16,517	Closed	-$1.36M	–	959
2015 Q3	$1.36M	Sell	16,517 -77,004	-82%	-$6.85M	0.01%	759
2015 Q2	$8.24M	Hold	93,521	–	–	0.06%	256
2015 Q1	$8.26M	Sell	93,521 -35,712	-28%	-$3.17M	0.06%	272
2014 Q4	$10.7M	Hold	129,233	–	–	0.07%	223
2014 Q3	$10.9M	Hold	129,233	–	–	0.08%	214
2014 Q2	$10.5M	Hold	129,233	–	–	0.07%	229
2014 Q1	$9.85M	Buy	129,233 +14,508	+13%	+$1.06M	0.07%	226
2013 Q4	$8.26M	Buy	114,725 +56,693	+98%	+$3.94M	0.06%	252
2013 Q3	$3.99M	Hold	58,032	–	–	0.04%	399
2013 Q2	$3.68M	Buy	+58,032	New	+$3.78M	0.03%	404

Other funds holding NVS

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

BBHC

Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Parnassus Investments San Francisco, California $37.4B AUM 35.42% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Loomis, Sayles & Company Boston, Massachusetts $74.3B AUM 24.01% 1-Year Est. Return

Fisher Asset Management Camas, Washington $295B AUM 31.6% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

State of Michigan Retirement System's NVS Position: Q1 2017 in Review

State of Michigan Retirement System sold out of Novartis (NVS) in Q1 2017, closing a stake of 24,552 shares — an estimated $1.6M sold.

State of Michigan Retirement System first reported a position in NVS in Q2 2013 and held it in 14 quarters. The position peaked at $10.9M in Q3 2014. 910 funds tracked by Wall St. Rank hold NVS as of Q1 2017.

State of Michigan Retirement System reported no remaining Novartis position as of Q1 2017 after selling out during the quarter.
State of Michigan Retirement System sold 24,552 Novartis shares in Q1 2017, an estimated $1.6M.
State of Michigan Retirement System first reported a position in Novartis in Q2 2013 and held it in 14 quarters.
State of Michigan Retirement System's Novartis position peaked at $10.9M in Q3 2014.
910 funds tracked by Wall St. Rank held Novartis as of Q1 2017.

Based on State of Michigan Retirement System's 13F filing for Q1 2017, filed 1 May 2017.