State of Michigan Retirement System’s Coinbase COIN Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$12.2M	Buy	83,659 +25,359	+43%	+$4.58M	0.05%	286
2026 Q1	$10.2M	Sell	58,300 -1,400	-2%	-$276K	0.05%	286
2025 Q4	$13.5M	Sell	59,700 -1,500	-2%	-$447K	0.07%	228
2025 Q3	$20.7M	Buy	61,200 +3,700	+6%	+$1.25M	0.1%	168
2025 Q2	$20.2M	Buy	+57,500	New	+$13.4M	0.1%	169
2022 Q4	–	Sell	-12,400	Closed	-$800K	–	969
2022 Q3	$800K	Sell	12,400 -1,068	-8%	-$74.6K	0.01%	829
2022 Q2	$633K	Buy	+13,468	New	+$1.28M	﹤0.01%	902
2022 Q1	–	Sell	-4,000	Closed	-$1.01M	–	955
2021 Q4	$1.01M	Buy	+4,000	New	+$1.16M	0.01%	849

Other funds holding COIN

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan $175B AUM 40.63% 1-Year Est. Return

APM

a16z Perennial Management Menlo Park, California $1.24B AUM 7.36% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return

Citigroup New York $303B AUM 53.02% 1-Year Est. Return

National Bank of Canada Montreal, Quebec, Canada $140B AUM 46.34% 1-Year Est. Return

Mitsubishi UFJ Asset Management Tokyo, Japan $180B AUM 37.51% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $344B AUM 42.99% 1-Year Est. Return

State of Michigan Retirement System's COIN Position: Q2 2026 in Review

State of Michigan Retirement System increased its Coinbase (COIN) stake by 43% in Q2 2026, buying an estimated $4.58M and bringing the position to 83,659 shares worth $12.2M. The position accounts for 0.05% of the portfolio, ranked #286.

State of Michigan Retirement System first reported a position in COIN in Q4 2021 and has held it in 8 quarters since. The position peaked at $20.7M in Q3 2025. 640 funds tracked by Wall St. Rank hold COIN as of Q2 2026.

State of Michigan Retirement System held 83,659 shares of Coinbase worth $12.2M as of Q2 2026.
State of Michigan Retirement System bought 25,359 Coinbase shares in Q2 2026, an estimated $4.58M.
Coinbase made up 0.05% of State of Michigan Retirement System's portfolio in Q2 2026, its #286 holding.
State of Michigan Retirement System first reported a position in Coinbase in Q4 2021 and has held it in 8 quarters since.
State of Michigan Retirement System's Coinbase position peaked at $20.7M in Q3 2025.
640 funds tracked by Wall St. Rank held Coinbase as of Q2 2026.

Based on State of Michigan Retirement System's 13F filing for Q2 2026, filed 30 Jul 2026.