State of Michigan Retirement System’s TC Pipelines LP TCP Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-382,500	Closed	-$21M	–	957
2017 Q2	$21M	Hold	382,500	–	–	0.16%	116
2017 Q1	$22.8M	Hold	382,500	–	–	0.18%	108
2016 Q4	$22.5M	Buy	382,500 +20,000	+6%	+$1.08M	0.18%	107
2016 Q3	$20.7M	Buy	362,500 +37,000	+11%	+$2M	0.16%	117
2016 Q2	$18.6M	Buy	325,500 +12,000	+4%	+$651K	0.15%	127
2016 Q1	$15.1M	Buy	313,500 +43,000	+16%	+$1.95M	0.12%	144
2015 Q4	$13.4M	Buy	270,500 +47,000	+21%	+$2.33M	0.1%	163
2015 Q3	$10.6M	Buy	223,500 +65,500	+41%	+$3.56M	0.08%	187
2015 Q2	$9.01M	Hold	158,000	–	–	0.06%	237
2015 Q1	$10.3M	Buy	158,000 +7,000	+5%	+$459K	0.07%	226
2014 Q4	$10.8M	Hold	151,000	–	–	0.07%	222
2014 Q3	$10.2M	Buy	151,000 +4,000	+3%	+$224K	0.07%	230
2014 Q2	$7.59M	Hold	147,000	–	–	0.05%	289
2014 Q1	$7.05M	Hold	147,000	–	–	0.05%	284
2013 Q4	$7.12M	Hold	147,000	–	–	0.05%	273
2013 Q3	$7.16M	Hold	147,000	–	–	0.06%	263
2013 Q2	$7.1M	Buy	+147,000	New	+$6.78M	0.07%	251

Other funds holding TCP

OppenheimerFunds New York $80.4B AUM 15.1% 1-Year Est. Return

EIP

Energy Income Partners Westport, Connecticut $6.22B AUM 18.97% 1-Year Est. Return

ALPS Advisors Denver, Colorado $21.3B AUM 23.41% 1-Year Est. Return

CCCA

Center Coast Capital Advisors Houston, Texas $3.72B AUM 13.09% 1-Year Est. Return

Advisory Research Chicago, Illinois $813M AUM 36.71% 1-Year Est. Return

ClearBridge Investments New York $115B AUM 24.78% 1-Year Est. Return

KACA

Kayne Anderson Capital Advisors Los Angeles, California $5.22B AUM 17.11% 1-Year Est. Return

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

Argyll Research Wilmington, Delaware $377M AUM 4.86% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

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

State of Michigan Retirement System sold out of TC Pipelines LP (TCP) in Q3 2017, closing a stake of 382,500 shares — an estimated $21M sold.

State of Michigan Retirement System first reported a position in TCP in Q2 2013 and held it in 17 quarters. The position peaked at $22.8M in Q1 2017. 177 funds tracked by Wall St. Rank hold TCP as of Q3 2017.

State of Michigan Retirement System reported no remaining TC Pipelines LP position as of Q3 2017 after selling out during the quarter.
State of Michigan Retirement System sold 382,500 TC Pipelines LP shares in Q3 2017, an estimated $21M.
State of Michigan Retirement System first reported a position in TC Pipelines LP in Q2 2013 and held it in 17 quarters.
State of Michigan Retirement System's TC Pipelines LP position peaked at $22.8M in Q1 2017.
177 funds tracked by Wall St. Rank held TC Pipelines LP as of Q3 2017.

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