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

Quarter	Market Value	Status	Shares	Shares Change %	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%	-$4.67M	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%	-$613K	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%	-$622K	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%	-$89.5K	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	+$30.9M	0.22%	84