State of Michigan Retirement System’s iShares MSCI USA Value Factor ETF VLUE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$39.8M	Sell	279,800 -167,900	-38%	-$24.6M	0.21%	90
2025 Q4	$61.2M	Sell	447,700 -87,300	-16%	-$11.5M	0.3%	56
2025 Q3	$66.9M	Sell	535,000 -31,800	-6%	-$3.74M	0.32%	45
2025 Q2	$64.2M	Buy	566,800 +120,900	+27%	+$12.8M	0.33%	47
2025 Q1	$47.6M	Buy	445,900 +24,500	+6%	+$2.67M	0.27%	63
2024 Q4	$44.5M	Buy	421,400 +23,900	+6%	+$2.63M	0.23%	75
2024 Q3	$43.3M	Sell	397,500 -700	-0.2%	-$73.9K	0.21%	74
2024 Q2	$41.2M	Sell	398,200 -58,200	-13%	-$6.01M	0.21%	77
2024 Q1	$49.4M	Buy	456,400 +132,900	+41%	+$13.6M	0.27%	67
2023 Q4	$32.7M	Buy	323,500 +28,700	+10%	+$2.67M	0.19%	89
2023 Q3	$26.7M	Sell	294,800 -87,650	-23%	-$8.26M	0.17%	106
2023 Q2	$35.9M	Sell	382,450 -30,100	-7%	-$2.74M	0.22%	81
2023 Q1	$38.2M	Sell	412,550 -45,800	-10%	-$4.31M	0.25%	75
2022 Q4	$41.8M	Buy	458,350 +18,050	+4%	+$1.65M	0.29%	68
2022 Q3	$36M	Buy	440,300 +89,650	+26%	+$8.31M	0.26%	71
2022 Q2	$31.7M	Buy	350,650 +219,850	+168%	+$21.7M	0.22%	86
2022 Q1	$13.7M	Sell	130,800 -158,850	-55%	-$17M	0.08%	190
2021 Q4	$31.7M	Sell	289,650 -1,525,050	-84%	-$160M	0.17%	106
2021 Q3	$183M	Buy	1,814,700 +1,712,200	+1,670%	+$178M	1.04%	15
2021 Q2	$10.8M	Buy	102,500 +93,250	+1,008%	+$9.84M	0.06%	245
2021 Q1	$948K	Sell	9,250 -102,300	-92%	-$9.86M	0.01%	918
2020 Q4	$9.7M	Buy	111,550 +85,550	+329%	+$6.96M	0.07%	231
2020 Q3	$1.92M	Buy	+26,000	New	+$1.93M	0.02%	600