State of Michigan Retirement System’s Validus Hold Ltd VR Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-2,998,643	Closed	-$141M	–	949
2017 Q4	$141M	Sell	2,998,643 -800,000	-21%	-$39.5M	1.11%	18
2017 Q3	$187M	Buy	3,798,643 +390,000	+11%	+$19.8M	1.51%	13
2017 Q2	$177M	Hold	3,408,643	–	–	1.34%	14
2017 Q1	$192M	Hold	3,408,643	–	–	1.49%	14
2016 Q4	$188M	Hold	3,408,643	–	–	1.49%	12
2016 Q3	$170M	Hold	3,408,643	–	–	1.34%	14
2016 Q2	$166M	Buy	3,408,643 +14,743	+0.4%	+$692K	1.3%	13
2016 Q1	$160M	Sell	3,393,900 -29,200	-0.9%	-$1.31M	1.27%	14
2015 Q4	$158M	Sell	3,423,100 -390,000	-10%	-$17.7M	1.21%	16
2015 Q3	$172M	Sell	3,813,100 -140,000	-4%	-$6.32M	1.33%	11
2015 Q2	$174M	Hold	3,953,100	–	–	1.21%	12
2015 Q1	$166M	Buy	3,953,100 +403,100	+11%	+$16.6M	1.17%	13
2014 Q4	$148M	Buy	+3,550,000	New	+$143M	0.98%	20

Other funds holding VR

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

HBK Investments Dallas, Texas $10.2B AUM 67.73% 1-Year Est. Return

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

Magnetar Financial Evanston, Illinois $11B AUM 3.37% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

AQR Arbitrage Greenwich, Connecticut $7.02B AUM 31.58% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

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

Diamond Hill Capital Management Columbus, Ohio $12.5B AUM 7.49% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

State of Michigan Retirement System's VR Position: Q1 2018 in Review

State of Michigan Retirement System sold out of Validus Hold Ltd (VR) in Q1 2018, closing a stake of 2,998,643 shares — an estimated $141M sold.

State of Michigan Retirement System first reported a position in VR in Q4 2014 and held it in 13 quarters. The position peaked at $192M in Q1 2017. 234 funds tracked by Wall St. Rank hold VR as of Q1 2018.

State of Michigan Retirement System reported no remaining Validus Hold Ltd position as of Q1 2018 after selling out during the quarter.
State of Michigan Retirement System sold 2,998,643 Validus Hold Ltd shares in Q1 2018, an estimated $141M.
State of Michigan Retirement System first reported a position in Validus Hold Ltd in Q4 2014 and held it in 13 quarters.
State of Michigan Retirement System's Validus Hold Ltd position peaked at $192M in Q1 2017.
234 funds tracked by Wall St. Rank held Validus Hold Ltd as of Q1 2018.

Based on State of Michigan Retirement System's 13F filing for Q1 2018, filed 8 May 2018.