State of Michigan Retirement System’s Chipotle Mexican Grill CMG Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2025 Q2	$24.4M	Buy	435,300 +7,700	+2%	+$432K	0.13%	139
2025 Q1	$21.5M	Sell	427,600 -557,100	-57%	-$28M	0.12%	144
2024 Q4	$59.4M	Sell	984,700 -43,300	-4%	-$2.61M	0.31%	51
2024 Q3	$59.2M	Sell	1,028,000 -1,900	-0.2%	-$109K	0.29%	52
2024 Q2	$64.5M	Sell	1,029,900 -5,000	-0.5%	-$313K	0.33%	51
2024 Q1	$60.2M	Hold	1,034,900	–	–	0.32%	57
2023 Q4	$47.3M	Buy	1,034,900 +105,000	+11%	+$4.8M	0.28%	62
2023 Q3	$34.1M	Buy	929,900 +40,000	+4%	+$1.47M	0.22%	78
2023 Q2	$38.1M	Sell	889,900 -90,000	-9%	-$3.85M	0.23%	77
2023 Q1	$33.5M	Sell	979,900 -245,000	-20%	-$8.37M	0.22%	84
2022 Q4	$34M	Sell	1,224,900 -300,000	-20%	-$8.32M	0.24%	90
2022 Q3	$45.8M	Hold	1,524,900	–	–	0.34%	54
2022 Q2	$39.9M	Sell	1,524,900 -130,000	-8%	-$3.4M	0.27%	72
2022 Q1	$52.4M	Buy	1,654,900 +148,650	+10%	+$4.7M	0.3%	57
2021 Q4	$52.7M	Buy	1,506,250 +5,000	+0.3%	+$175K	0.28%	69
2021 Q3	$54.6M	Sell	1,501,250 -5,000	-0.3%	-$182K	0.31%	60
2021 Q2	$46.7M	Buy	1,506,250 +5,000	+0.3%	+$155K	0.27%	84
2021 Q1	$42.7M	Buy	1,501,250 +250,000	+20%	+$7.1M	0.27%	85
2020 Q4	$34.7M	Buy	1,251,250 +95,000	+8%	+$2.63M	0.24%	104
2020 Q3	$28.8M	Buy	1,156,250 +830,000	+254%	+$20.6M	0.23%	101
2020 Q2	$6.87M	Buy	326,250 +34,250	+12%	+$721K	0.06%	233
2020 Q1	$3.82M	Sell	292,000 -15,000	-5%	-$196K	0.04%	293
2019 Q4	$5.14M	Hold	307,000	–	–	0.04%	318
2019 Q3	$5.16M	Buy	307,000 +15,000	+5%	+$252K	0.05%	290
2019 Q2	$4.28M	Sell	292,000 -60,000	-17%	-$879K	0.04%	335
2019 Q1	$5M	Hold	352,000	–	–	0.04%	331
2018 Q4	$3.04M	Sell	352,000 -15,000	-4%	-$130K	0.03%	420
2018 Q3	$3.34M	Buy	367,000 +5,000	+1%	+$45.5K	0.02%	456
2018 Q2	$3.12M	Hold	362,000	–	–	0.02%	454
2018 Q1	$2.34M	Hold	362,000	–	–	0.02%	552
2017 Q4	$2.09M	Sell	362,000 -20,000	-5%	-$116K	0.02%	589
2017 Q3	$2.35M	Sell	382,000 -90,000	-19%	-$554K	0.02%	547
2017 Q2	$3.93M	Hold	472,000	–	–	0.03%	401
2017 Q1	$4.21M	Hold	472,000	–	–	0.03%	373
2016 Q4	$3.56M	Sell	472,000 -35,400	-7%	-$267K	0.03%	428
2016 Q3	$4.3M	Hold	507,400	–	–	0.03%	382
2016 Q2	$4.09M	Sell	507,400 -10,000	-2%	-$80.5K	0.03%	387
2016 Q1	$4.87M	Sell	517,400 -15,000	-3%	-$141K	0.04%	333
2015 Q4	$5.11M	Sell	532,400 -25,000	-4%	-$240K	0.04%	324
2015 Q3	$8.03M	Sell	557,400 -45,000	-7%	-$648K	0.06%	233
2015 Q2	$7.29M	Buy	602,400 +5,000	+0.8%	+$60.5K	0.05%	283
2015 Q1	$7.77M	Sell	597,400 -40,000	-6%	-$520K	0.05%	279
2014 Q4	$8.73M	Hold	637,400	–	–	0.06%	267
2014 Q3	$8.5M	Hold	637,400	–	–	0.06%	265
2014 Q2	$7.55M	Buy	637,400 +5,000	+0.8%	+$59.2K	0.05%	290
2014 Q1	$7.19M	Buy	632,400 +5,000	+0.8%	+$56.8K	0.05%	278
2013 Q4	$6.69M	Hold	627,400	–	–	0.05%	288
2013 Q3	$5.38M	Hold	627,400	–	–	0.05%	333
2013 Q2	$4.57M	Buy	+627,400	New	+$4.57M	0.04%	350