State of Michigan Retirement System’s Shift4 FOUR Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$713K	Buy	16,300 +300	+2%	+$16.6K	﹤0.01%	902
2025 Q4	$1.01M	Hold	16,000	–	–	﹤0.01%	851
2025 Q3	$1.24M	Sell	16,000 -200	-1%	-$18.6K	0.01%	807
2025 Q2	$1.61M	Sell	16,200 -200	-1%	-$17.4K	0.01%	716
2025 Q1	$1.34M	Buy	16,400 +100	+0.6%	+$10.3K	0.01%	764
2024 Q4	$1.69M	Buy	+16,300	New	+$1.62M	0.01%	712
2024 Q1	–	Sell	-175,000	Closed	-$13M	–	959
2023 Q4	$13M	Sell	175,000 -143,400	-45%	-$8.55M	0.08%	208
2023 Q3	$17.6M	Hold	318,400	–	–	0.11%	149
2023 Q2	$21.6M	Hold	318,400	–	–	0.13%	133
2023 Q1	$24.1M	Buy	318,400 +129,400	+68%	+$8.33M	0.16%	123
2022 Q4	$10.6M	Buy	189,000 +93,000	+97%	+$4.4M	0.07%	236
2022 Q3	$4.28M	Buy	+96,000	New	+$4.03M	0.03%	395

Other funds holding FOUR

DPCM

Darlington Partners Capital Management Greenbrae, California $2.23B AUM 16.2% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

DCP

Durable Capital Partners Bethesda, Maryland $9.71B AUM 26.27% 1-Year Est. Return

Wasatch Advisors Salt Lake City, Utah $15.3B AUM 25.06% 1-Year Est. Return

Ensign Peak Advisors Salt Lake City, Utah $53.7B AUM 29.47% 1-Year Est. Return

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

State of Michigan Retirement System's FOUR Position: Q1 2026 in Review

State of Michigan Retirement System increased its Shift4 (FOUR) stake by 1.9% in Q1 2026, buying an estimated $16.6K and bringing the position to 16,300 shares worth $713K. The position accounts for ﹤0.01% of the portfolio, ranked #902.

State of Michigan Retirement System first reported a position in FOUR in Q3 2022 and has held it in 12 quarters since. The position peaked at $24.1M in Q1 2023. 352 funds tracked by Wall St. Rank hold FOUR as of Q1 2026.

State of Michigan Retirement System held 16,300 shares of Shift4 worth $713K as of Q1 2026.
State of Michigan Retirement System bought 300 Shift4 shares in Q1 2026, an estimated $16.6K.
Shift4 made up ﹤0.01% of State of Michigan Retirement System's portfolio in Q1 2026, its #902 holding.
State of Michigan Retirement System first reported a position in Shift4 in Q3 2022 and has held it in 12 quarters since.
State of Michigan Retirement System's Shift4 position peaked at $24.1M in Q1 2023.
352 funds tracked by Wall St. Rank held Shift4 as of Q1 2026.

Based on State of Michigan Retirement System's 13F filing for Q1 2026, filed 4 May 2026.