State of Michigan Retirement System’s Spotify SPOT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$27.2M	Buy	+56,031	New	+$28.1M	0.14%	129
2025 Q4	–	Sell	-56,031	Closed	-$39.1M	–	957
2025 Q3	$39.1M	Sell	56,031 -4,000	-7%	-$2.8M	0.19%	97
2025 Q2	$46.1M	Hold	60,031	–	–	0.24%	73
2025 Q1	$33M	Sell	60,031 -15,000	-20%	-$8.38M	0.19%	104
2024 Q4	$33.6M	Sell	75,031 -4,000	-5%	-$1.71M	0.17%	100
2024 Q3	$29.1M	Sell	79,031 -10,000	-11%	-$3.32M	0.14%	120
2024 Q2	$27.9M	Sell	89,031 -21,000	-19%	-$6.32M	0.14%	119
2024 Q1	$29M	Hold	110,031	–	–	0.16%	114
2023 Q4	$20.7M	Hold	110,031	–	–	0.12%	137
2023 Q3	$17M	Hold	110,031	–	–	0.11%	157
2023 Q2	$17.7M	Hold	110,031	–	–	0.11%	159
2023 Q1	$14.7M	Hold	110,031	–	–	0.1%	179
2022 Q4	$8.69M	Buy	110,031 +14,100	+15%	+$1.14M	0.06%	275
2022 Q3	$8.28M	Hold	95,931	–	–	0.06%	266
2022 Q2	$9M	Buy	95,931 +25,000	+35%	+$2.82M	0.06%	250
2022 Q1	$10.7M	Buy	70,931 +10,000	+16%	+$1.71M	0.06%	231
2021 Q4	$14.3M	Hold	60,931	–	–	0.07%	192
2021 Q3	$13.7M	Hold	60,931	–	–	0.08%	184
2021 Q2	$16.8M	Buy	60,931 +21,000	+53%	+$5.33M	0.1%	182
2021 Q1	$10.7M	Hold	39,931	–	–	0.07%	227
2020 Q4	$12.6M	Buy	39,931 +15,385	+63%	+$4.34M	0.09%	200
2020 Q3	$5.95M	Buy	+24,546	New	+$6.34M	0.05%	289