State of Michigan Retirement System’s iShares iBoxx $ Investment Grade Corporate Bond ETF LQD Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$335M	Buy	3,072,400 +900,000	+41%	+$98.1M	1.48%	12
2026 Q1	$237M	Hold	2,172,400	–	–	1.25%	11
2025 Q4	$239M	Hold	2,172,400	–	–	1.16%	14
2025 Q3	$242M	Hold	2,172,400	–	–	1.16%	13
2025 Q2	$238M	Hold	2,172,400	–	–	1.23%	13
2025 Q1	$236M	Hold	2,172,400	–	–	1.36%	11
2024 Q4	$232M	Hold	2,172,400	–	–	1.21%	12
2024 Q3	$245M	Hold	2,172,400	–	–	1.22%	14
2024 Q2	$233M	Hold	2,172,400	–	–	1.2%	14
2024 Q1	$237M	Hold	2,172,400	–	–	1.27%	11
2023 Q4	$240M	Sell	2,172,400 -925,000	-30%	-$96.3M	1.43%	10
2023 Q3	$316M	Hold	3,097,400	–	–	2.04%	6
2023 Q2	$335M	Hold	3,097,400	–	–	2.07%	6
2023 Q1	$340M	Hold	3,097,400	–	–	2.23%	4
2022 Q4	$327M	Hold	3,097,400	–	–	2.28%	5
2022 Q3	$317M	Hold	3,097,400	–	–	2.33%	5
2022 Q2	$341M	Sell	3,097,400 -484,000	-14%	-$54.6M	2.34%	5
2022 Q1	$433M	Buy	3,581,400 +897,500	+33%	+$112M	2.51%	7
2021 Q4	$356M	Sell	2,683,900 -943,000	-26%	-$125M	1.86%	8
2021 Q3	$482M	Buy	3,626,900 +368,600	+11%	+$49.8M	2.74%	4
2021 Q2	$438M	Buy	3,258,300 +704,400	+28%	+$92.9M	2.57%	5
2021 Q1	$332M	Buy	2,553,900 +583,400	+30%	+$77.6M	2.1%	5
2020 Q4	$272M	Hold	1,970,500	–	–	1.86%	5
2020 Q3	$265M	Buy	1,970,500 +604,500	+44%	+$82.4M	2.11%	5
2020 Q2	$184M	Buy	+1,366,000	New	+$178M	1.61%	5

Other funds holding LQD

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

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

MYLI

Meiji Yasuda Life Insurance Tokyo, Japan $3.01B AUM 7.86% 1-Year Est. Return

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

Wealthfront Advisers Palo Alto, California $52B AUM 24.53% 1-Year Est. Return

Financial Engines Advisors Santa Clara, California $56.3B AUM 17.83% 1-Year Est. Return

Prudential Financial Newark, New Jersey $91.8B AUM 38.24% 1-Year Est. Return

Nuveen Charlotte, North Carolina $419B AUM 43.02% 1-Year Est. Return

JSTA

Japan Science & Technology Agency Tokyo, Japan $5.29B AUM 8.96% 1-Year Est. Return

Allianz Munich, Germany $9.48B AUM 23.58% 1-Year Est. Return

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

State of Michigan Retirement System increased its iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) stake by 41% in Q2 2026, buying an estimated $98.1M and bringing the position to 3,072,400 shares worth $335M. The position accounts for 1.48% of the portfolio, ranked #12.

State of Michigan Retirement System first reported a position in LQD in Q2 2020 and has held it in 25 quarters since. The position peaked at $482M in Q3 2021. 1,115 funds tracked by Wall St. Rank hold LQD as of Q2 2026.

State of Michigan Retirement System held 3,072,400 shares of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $335M as of Q2 2026.
State of Michigan Retirement System bought 900,000 iShares iBoxx $ Investment Grade Corporate Bond ETF shares in Q2 2026, an estimated $98.1M.
iShares iBoxx $ Investment Grade Corporate Bond ETF made up 1.48% of State of Michigan Retirement System's portfolio in Q2 2026, its #12 holding.
State of Michigan Retirement System first reported a position in iShares iBoxx $ Investment Grade Corporate Bond ETF in Q2 2020 and has held it in 25 quarters since.
State of Michigan Retirement System's iShares iBoxx $ Investment Grade Corporate Bond ETF position peaked at $482M in Q3 2021.
1,115 funds tracked by Wall St. Rank held iShares iBoxx $ Investment Grade Corporate Bond ETF as of Q2 2026.

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