State of Michigan Retirement System’s PepsiCo PEP Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$56.7M	Sell	365,122 -1,000	-0.3%	-$156K	0.3%	67
2025 Q4	$52.5M	Sell	366,122 -17,100	-4%	-$2.51M	0.26%	70
2025 Q3	$53.8M	Sell	383,222 -2,600	-0.7%	-$371K	0.26%	64
2025 Q2	$50.9M	Buy	385,822 +2,100	+0.5%	+$283K	0.26%	66
2025 Q1	$57.5M	Sell	383,722 -400	-0.1%	-$59.5K	0.33%	53
2024 Q4	$58.4M	Sell	384,122 -7,100	-2%	-$1.16M	0.3%	53
2024 Q3	$66.5M	Sell	391,222 -2,400	-0.6%	-$412K	0.33%	47
2024 Q2	$64.9M	Sell	393,622 -1,300	-0.3%	-$224K	0.33%	50
2024 Q1	$69.1M	Sell	394,922 -99,800	-20%	-$16.8M	0.37%	49
2023 Q4	$84M	Sell	494,722 -32,500	-6%	-$5.39M	0.5%	34
2023 Q3	$89.3M	Buy	527,222 +23,600	+5%	+$4.29M	0.58%	27
2023 Q2	$93.3M	Buy	503,622 +25,400	+5%	+$4.74M	0.58%	29
2023 Q1	$87.2M	Buy	478,222 +3,800	+0.8%	+$664K	0.57%	28
2022 Q4	$85.7M	Buy	474,422 +20,900	+5%	+$3.73M	0.6%	28
2022 Q3	$74M	Buy	453,522 +80,500	+22%	+$13.9M	0.54%	29
2022 Q2	$62.2M	Buy	373,022 +24,100	+7%	+$4.06M	0.43%	41
2022 Q1	$58.4M	Buy	348,922 +824	+0.2%	+$138K	0.34%	49
2021 Q4	$60.5M	Buy	348,098 +1,100	+0.3%	+$180K	0.32%	60
2021 Q3	$52.2M	Sell	346,998 -300	-0.1%	-$46.4K	0.3%	64
2021 Q2	$51.5M	Buy	347,298 +1,000	+0.3%	+$146K	0.3%	73
2021 Q1	$49M	Sell	346,298 -1,200	-0.3%	-$165K	0.31%	76
2020 Q4	$51.5M	Sell	347,498 -5,800	-2%	-$824K	0.35%	64
2020 Q3	$49M	Sell	353,298 -1,100	-0.3%	-$150K	0.39%	64
2020 Q2	$46.9M	Buy	354,398 +34,769	+11%	+$4.58M	0.41%	60
2020 Q1	$38.4M	Sell	319,629 -17,600	-5%	-$2.38M	0.42%	56
2019 Q4	$46.1M	Buy	337,229 +1,100	+0.3%	+$150K	0.38%	61
2019 Q3	$46.1M	Buy	336,129 +500	+0.1%	+$66.4K	0.42%	63
2019 Q2	$44M	Sell	335,629 -69,200	-17%	-$8.87M	0.4%	59
2019 Q1	$49.6M	Buy	404,829 +700	+0.2%	+$79.8K	0.4%	59
2018 Q4	$44.6M	Sell	404,129 -17,300	-4%	-$1.95M	0.4%	56
2018 Q3	$47.1M	Buy	421,429 +1,600	+0.4%	+$181K	0.34%	70
2018 Q2	$45.7M	Buy	419,829 +1,100	+0.3%	+$114K	0.36%	60
2018 Q1	$45.7M	Buy	418,729 +1,800	+0.4%	+$205K	0.37%	63
2017 Q4	$50M	Sell	416,929 -16,600	-4%	-$1.9M	0.39%	57
2017 Q3	$48.3M	Sell	433,529 -35,900	-8%	-$4.15M	0.39%	63
2017 Q2	$54.2M	Buy	469,429 +600	+0.1%	+$68.8K	0.41%	54
2017 Q1	$52.4M	Sell	468,829 -200	-0%	-$21.5K	0.41%	54
2016 Q4	$49.1M	Sell	469,029 -33,244	-7%	-$3.48M	0.39%	56
2016 Q3	$54.6M	Buy	502,273 +500	+0.1%	+$53.9K	0.43%	48
2016 Q2	$53.2M	Buy	501,773 +4,100	+0.8%	+$423K	0.42%	50
2016 Q1	$51M	Sell	497,673 -600	-0.1%	-$59.3K	0.4%	53
2015 Q4	$49.8M	Sell	498,273 -32,300	-6%	-$3.22M	0.38%	58
2015 Q3	$50M	Sell	530,573 -41,900	-7%	-$3.99M	0.39%	57
2015 Q2	$53.4M	Sell	572,473 -842,500	-60%	-$80.5M	0.37%	58
2015 Q1	$135M	Buy	1,414,973 +798,500	+130%	+$77.3M	0.95%	22
2014 Q4	$58.3M	Sell	616,473 -1,200	-0.2%	-$115K	0.39%	52
2014 Q3	$57.5M	Sell	617,673 -2,349,015	-79%	-$214M	0.4%	47
2014 Q2	$265M	Sell	2,966,688 -433,200	-13%	-$37.4M	1.85%	10
2014 Q1	$284M	Buy	3,399,888 +1,279,900	+60%	+$104M	2.13%	5
2013 Q4	$176M	Sell	2,119,988 -3,800	-0.2%	-$316K	1.34%	10
2013 Q3	$169M	Sell	2,123,788 -370,800	-15%	-$30.5M	1.48%	7
2013 Q2	$204M	Buy	+2,494,588	New	+$204M	1.87%	6

Other funds holding PEP

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

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

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

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Charles Schwab San Francisco, California $654B AUM 26.35% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

DAM

Diamant Asset Management Ridgefield, Connecticut $137B AUM 18.02% 1-Year Est. Return

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

State of Michigan Retirement System reduced its PepsiCo (PEP) stake by 0.27% in Q1 2026, selling an estimated $156K and leaving 365,122 shares worth $56.7M. The position accounts for 0.3% of the portfolio, ranked #67.

State of Michigan Retirement System first reported a position in PEP in Q2 2013 and has held it in 52 quarters since. The position peaked at $284M in Q1 2014. 3,534 funds tracked by Wall St. Rank hold PEP as of Q1 2026.

State of Michigan Retirement System held 365,122 shares of PepsiCo worth $56.7M as of Q1 2026.
State of Michigan Retirement System sold 1,000 PepsiCo shares in Q1 2026, an estimated $156K.
PepsiCo made up 0.3% of State of Michigan Retirement System's portfolio in Q1 2026, its #67 holding.
State of Michigan Retirement System first reported a position in PepsiCo in Q2 2013 and has held it in 52 quarters since.
State of Michigan Retirement System's PepsiCo position peaked at $284M in Q1 2014.
3,534 funds tracked by Wall St. Rank held PepsiCo as of Q1 2026.

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