State of Michigan Retirement System’s Ellington Financial EFC Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2021 Q4	–	Sell	-1,218,930	Closed	-$22.3M	–	984
2021 Q3	$22.3M	Hold	1,218,930	–	–	0.13%	127
2021 Q2	$23.3M	Sell	1,218,930 -243,848	-17%	-$4.51M	0.14%	145
2021 Q1	$23.4M	Hold	1,462,778	–	–	0.15%	137
2020 Q4	$21.7M	Hold	1,462,778	–	–	0.15%	143
2020 Q3	$17.9M	Hold	1,462,778	–	–	0.14%	130
2020 Q2	$17.2M	Hold	1,462,778	–	–	0.15%	129
2020 Q1	$8.35M	Hold	1,462,778	–	–	0.09%	185
2019 Q4	$26.8M	Hold	1,462,778	–	–	0.22%	117
2019 Q3	$26.4M	Hold	1,462,778	–	–	0.24%	101
2019 Q2	$26.3M	Hold	1,462,778	–	–	0.24%	100
2019 Q1	$26.2M	Hold	1,462,778	–	–	0.21%	111
2018 Q4	$22.4M	Sell	1,462,778 -40,000	-3%	-$624K	0.2%	112
2018 Q3	$24.1M	Hold	1,502,778	–	–	0.18%	121
2018 Q2	$23.5M	Hold	1,502,778	–	–	0.19%	113
2018 Q1	$22.3M	Sell	1,502,778 -42,000	-3%	-$621K	0.18%	113
2017 Q4	$22.4M	Hold	1,544,778	–	–	0.18%	109
2017 Q3	$24.4M	Hold	1,544,778	–	–	0.2%	99
2017 Q2	$25M	Hold	1,544,778	–	–	0.19%	103
2017 Q1	$24.5M	Hold	1,544,778	–	–	0.19%	100
2016 Q4	$24M	Hold	1,544,778	–	–	0.19%	98
2016 Q3	$25.8M	Hold	1,544,778	–	–	0.2%	94
2016 Q2	$26.5M	Sell	1,544,778 -5,222	-0.3%	-$90.3K	0.21%	93
2016 Q1	$27M	Hold	1,550,000	–	–	0.21%	90
2015 Q4	$26M	Hold	1,550,000	–	–	0.2%	94
2015 Q3	$27.7M	Hold	1,550,000	–	–	0.21%	90
2015 Q2	$28.7M	Hold	1,550,000	–	–	0.2%	95
2015 Q1	$30.9M	Buy	+1,550,000	New	+$31.6M	0.22%	84

Other funds holding EFC

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

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

RGREA

Ranger Global Real Estate Advisors Denver, Colorado $232M AUM 20.95% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

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

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

EMG Holdings Old Greenwich, Connecticut $125M AUM 8.69% 1-Year Est. Return

CLG

Cooperman Leon G $3.55B AUM 41.85% 1-Year Est. Return

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

State of Michigan Retirement System's EFC Position: Q4 2021 in Review

State of Michigan Retirement System sold out of Ellington Financial (EFC) in Q4 2021, closing a stake of 1,218,930 shares — an estimated $22.3M sold.

State of Michigan Retirement System first reported a position in EFC in Q1 2015 and held it in 27 quarters. The position peaked at $30.9M in Q1 2015. 135 funds tracked by Wall St. Rank hold EFC as of Q4 2021.

State of Michigan Retirement System reported no remaining Ellington Financial position as of Q4 2021 after selling out during the quarter.
State of Michigan Retirement System sold 1,218,930 Ellington Financial shares in Q4 2021, an estimated $22.3M.
State of Michigan Retirement System first reported a position in Ellington Financial in Q1 2015 and held it in 27 quarters.
State of Michigan Retirement System's Ellington Financial position peaked at $30.9M in Q1 2015.
135 funds tracked by Wall St. Rank held Ellington Financial as of Q4 2021.

Based on State of Michigan Retirement System's 13F filing for Q4 2021, filed 27 Jan 2022.