State of Michigan Retirement System’s HubSpot HUBS Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$217M	Buy	1,188,887 +1,082,487	+1,017%	+$226M	0.96%	18
2026 Q1	$26M	Hold	106,400	–	–	0.14%	135
2025 Q4	$42.7M	Hold	106,400	–	–	0.21%	91
2025 Q3	$49.8M	Hold	106,400	–	–	0.24%	71
2025 Q2	$59.2M	Hold	106,400	–	–	0.31%	53
2025 Q1	$60.8M	Hold	106,400	–	–	0.35%	49
2024 Q4	$74.1M	Buy	106,400 +49,700	+88%	+$32M	0.39%	41
2024 Q3	$30.1M	Buy	56,700 +13,000	+30%	+$6.53M	0.15%	114
2024 Q2	$25.8M	Buy	+43,700	New	+$26.8M	0.13%	123

Other funds holding HUBS

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

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

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

AQR Capital Management Greenwich, Connecticut $287B AUM 42.33% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Pictet Asset Management Carouge, Switzerland $105B AUM 38.07% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $225B AUM 49.49% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

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

State of Michigan Retirement System increased its HubSpot (HUBS) stake by 1,017% in Q2 2026, buying an estimated $226M and bringing the position to 1,188,887 shares worth $217M. The position accounts for 0.96% of the portfolio, ranked #18.

State of Michigan Retirement System first reported a position in HUBS in Q2 2024 and has held it in 9 quarters since. 598 funds tracked by Wall St. Rank hold HUBS as of Q2 2026.

State of Michigan Retirement System held 1,188,887 shares of HubSpot worth $217M as of Q2 2026.
State of Michigan Retirement System bought 1,082,487 HubSpot shares in Q2 2026, an estimated $226M.
HubSpot made up 0.96% of State of Michigan Retirement System's portfolio in Q2 2026, its #18 holding.
State of Michigan Retirement System first reported a position in HubSpot in Q2 2024 and has held it in 9 quarters since.
598 funds tracked by Wall St. Rank held HubSpot as of Q2 2026.

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