State of Michigan Retirement System’s Alexandria Real Estate Equities ARE Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$1.89M	Hold	40,718	–	–	0.01%	689
2025 Q4	$1.99M	Sell	40,718 -1,100	-3%	-$64.7K	0.01%	660
2025 Q3	$3.49M	Hold	41,818	–	–	0.02%	508
2025 Q2	$3.04M	Hold	41,818	–	–	0.02%	529
2025 Q1	$3.87M	Sell	41,818 -400	-0.9%	-$39.2K	0.02%	469
2024 Q4	$4.12M	Sell	42,218 -200	-0.5%	-$21.9K	0.02%	468
2024 Q3	$5.04M	Sell	42,418 -700	-2%	-$83.4K	0.03%	426
2024 Q2	$5.04M	Hold	43,118	–	–	0.03%	403
2024 Q1	$5.56M	Buy	43,118 +300	+0.7%	+$37K	0.03%	387
2023 Q4	$5.43M	Buy	42,818 +100	+0.2%	+$10.8K	0.03%	376
2023 Q3	$4.28M	Sell	42,718 -600	-1%	-$69.7K	0.03%	418
2023 Q2	$4.92M	Buy	43,318 +100	+0.2%	+$11.9K	0.03%	406
2023 Q1	$5.43M	Buy	43,218 +2,600	+6%	+$382K	0.04%	371
2022 Q4	$5.92M	Buy	40,618 +400	+1%	+$57.8K	0.04%	343
2022 Q3	$5.64M	Buy	40,218 +200	+0.5%	+$30.7K	0.04%	336
2022 Q2	$5.8M	Buy	40,018 +3,300	+9%	+$560K	0.04%	339
2022 Q1	$7.39M	Buy	36,718 +1,183	+3%	+$231K	0.04%	314
2021 Q4	$7.92M	Buy	35,535 +700	+2%	+$145K	0.04%	312
2021 Q3	$6.66M	Buy	34,835 +400	+1%	+$79.6K	0.04%	328
2021 Q2	$6.26M	Buy	34,435 +2,500	+8%	+$447K	0.04%	353
2021 Q1	$5.25M	Buy	31,935 +800	+3%	+$133K	0.03%	381
2020 Q4	$5.55M	Buy	31,135 +1,200	+4%	+$198K	0.04%	349
2020 Q3	$4.79M	Sell	29,935 -2,300	-7%	-$384K	0.04%	328
2020 Q2	$5.23M	Buy	32,235 +4,135	+15%	+$632K	0.05%	292
2020 Q1	$3.85M	Buy	28,100 +300	+1%	+$47K	0.04%	290
2019 Q4	$4.49M	Buy	27,800 +500	+2%	+$78.8K	0.04%	348
2019 Q3	$4.21M	Buy	27,300 +300	+1%	+$44.3K	0.04%	332
2019 Q2	$3.81M	Sell	27,000 -5,500	-17%	-$794K	0.03%	354
2019 Q1	$4.63M	Buy	32,500 +1,700	+6%	+$224K	0.04%	344
2018 Q4	$3.55M	Sell	30,800 -700	-2%	-$85.4K	0.03%	369
2018 Q3	$3.96M	Buy	31,500 +1,000	+3%	+$126K	0.03%	408
2018 Q2	$3.85M	Buy	30,500 +700	+2%	+$87.5K	0.03%	399
2018 Q1	$3.72M	Buy	29,800 +1,700	+6%	+$211K	0.03%	399
2017 Q4	$3.67M	Sell	28,100 -300	-1%	-$37.8K	0.03%	406
2017 Q3	$3.38M	Sell	28,400 -1,500	-5%	-$180K	0.03%	426
2017 Q2	$3.6M	Buy	29,900 +700	+2%	+$81.5K	0.03%	428
2017 Q1	$3.23M	Sell	29,200 -2,800	-9%	-$316K	0.02%	459
2016 Q4	$3.56M	Buy	32,000 +600	+2%	+$64.4K	0.03%	430
2016 Q3	$3.42M	Buy	31,400 +1,800	+6%	+$196K	0.03%	443
2016 Q2	$3.06M	Buy	29,600 +300	+1%	+$28.6K	0.02%	482
2016 Q1	$2.66M	Buy	29,300 +600	+2%	+$48.9K	0.02%	517
2015 Q4	$2.59M	Sell	28,700 -4,200	-13%	-$380K	0.02%	517
2015 Q3	$2.79M	Buy	32,900 +100	+0.3%	+$8.99K	0.02%	512
2015 Q2	$2.87M	Buy	32,800 +100	+0.3%	+$9.28K	0.02%	552
2015 Q1	$3.21M	Sell	32,700 -1,600	-5%	-$154K	0.02%	522
2014 Q4	$3.04M	Buy	34,300 +300	+0.9%	+$25.1K	0.02%	546
2014 Q3	$2.51M	Buy	34,000 +200	+0.6%	+$15.6K	0.02%	601
2014 Q2	$2.62M	Buy	33,800 +100	+0.3%	+$7.5K	0.02%	595
2014 Q1	$2.44M	Buy	33,700 +200	+0.6%	+$14K	0.02%	598
2013 Q4	$2.13M	Buy	33,500 +200	+0.6%	+$12.8K	0.02%	628
2013 Q3	$2.13M	Buy	33,300 +900	+3%	+$59.3K	0.02%	601
2013 Q2	$2.13M	Buy	+32,400	New	+$2.29M	0.02%	568