State Of Michigan Retirement System Top Holdings and 13F Report (2025)

About State Of Michigan Retirement System

Investment Activity

State Of Michigan Retirement System has $17.34 billion in total holdings as of March 31, 2025.
State Of Michigan Retirement System owns shares of 944 different stocks, but just 171 companies or ETFs make up 80% of its holdings.
Approximately 1.16% of the portfolio was purchased this quarter.
About 7.44% of the portfolio was sold this quarter.
This quarter, State Of Michigan Retirement System has purchased 951 new stocks and bought additional shares in 396 stocks.
State Of Michigan Retirement System sold shares of 309 stocks and completely divested from 19 stocks this quarter.

Largest Holdings

Apple: $980,837,006
NVIDIA: $915,329,793
Microsoft: $847,580,693
SPDR S&P 500 ETF Trust: $654,228,981
Amazon.com: $595,822,021

Largest New Holdings this Quarter

25809K105 - DOORDASH INC: $16,814,840 Holding
40171V100 - Guidewire Software: $3,747,200 Holding
29362U104 - Entegris: $3,166,776 Holding
01741R102 - ATI: $1,774,223 Holding
148929102 - CAVA Group: $1,659,072 Holding

Largest Purchases this Quarter

JPMorgan Chase & Co.: 137,400 shares (about $33.70M)
Broadcom: 163,900 shares (about $27.44M)
DOORDASH INC: 92,000 shares (about $16.81M)
BLOCK INC: 233,700 shares (about $12.70M)
Vertiv: 170,900 shares (about $12.34M)

Largest Sales this Quarter

SPDR S&P 500 ETF Trust: 995,100 shares (about $556.65M)
CVS Health: 3,174,600 shares (about $215.08M)
AT&T: 6,100,200 shares (about $172.51M)
iShares Core S&P Mid-Cap ETF: 692,800 shares (about $40.42M)
Microsoft: 89,000 shares (about $33.41M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
AAPL Apple	$980,837,006	$21,613,249 ▼	-2.2%	4,415,599	5.7%	Computer and Technology
NVDA NVIDIA	$915,329,793	$1,517,320 ▼	-0.2%	8,445,560	5.3%	Computer and Technology
MSFT Microsoft	$847,580,693	$33,409,710 ▼	-3.8%	2,257,867	4.9%	Computer and Technology
SPY SPDR S&P 500 ETF Trust	$654,228,981	$556,648,989 ▼	-46.0%	1,169,540	3.8%	Finance
AMZN Amazon.com	$595,822,021	$3,082,212 ▼	-0.5%	3,131,620	3.4%	Retail/Wholesale
META Meta Platforms	$502,132,901	$8,299,584 ▲	1.7%	871,214	2.9%	Computer and Technology
AVGO Broadcom	$318,880,481	$27,441,777 ▲	9.4%	1,904,560	1.8%	Computer and Technology
GOOGL Alphabet	$311,039,803	$5,180,440 ▼	-1.6%	2,011,380	1.8%	Computer and Technology
MTUM iShares MSCI USA Momentum Factor ETF	$261,776,542	$848,946 ▲	0.3%	1,295,090	1.5%	ETF
GOOG Alphabet	$241,869,037	$5,280,574 ▲	2.2%	1,548,160	1.4%	Computer and Technology
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF	$236,118,156		0.0%	2,172,400	1.4%	Finance
JPM JPMorgan Chase & Co.	$221,145,554	$33,704,220 ▲	18.0%	901,531	1.3%	Finance
LLY Eli Lilly and Company	$217,878,362	$9,993,511 ▼	-4.4%	263,804	1.3%	Medical
V Visa	$208,146,255	$525,690 ▼	-0.3%	593,923	1.2%	Business Services
TSLA Tesla	$196,743,128	$310,992 ▲	0.2%	759,157	1.1%	Auto/Tires/Trucks
BRK.B Berkshire Hathaway	$183,915,319	$53,258 ▲	0.0%	345,329	1.1%	Finance
COST Costco Wholesale	$165,765,915	$189,156 ▲	0.1%	175,269	1.0%	Retail/Wholesale
NFLX Netflix	$159,694,830	$9,325,300 ▲	6.2%	171,249	0.9%	Consumer Discretionary
XOM Exxon Mobil	$140,446,578	$1,427,160 ▼	-1.0%	1,180,918	0.8%	Energy
MA Mastercard	$140,198,682	$822,180 ▼	-0.6%	255,781	0.8%	Business Services
UNH UnitedHealth Group	$136,027,826	$104,750 ▼	-0.1%	259,719	0.8%	Medical
JNJ Johnson & Johnson	$112,616,471	$49,752 ▼	0.0%	679,067	0.6%	Medical
PG Procter & Gamble	$112,261,960	$511,260 ▼	-0.5%	658,737	0.6%	Consumer Staples
HD Home Depot	$109,757,891	$36,649 ▼	0.0%	299,484	0.6%	Retail/Wholesale
TDG TransDigm Group	$105,395,632	$138,329 ▼	-0.1%	76,192	0.6%	Aerospace
WMT Walmart	$103,313,028	$114,127 ▼	-0.1%	1,176,820	0.6%	Retail/Wholesale
ABBV AbbVie	$100,340,804	$146,664 ▼	-0.1%	478,908	0.6%	Medical
NEE NextEra Energy	$100,018,559	$14,178 ▼	0.0%	1,410,898	0.6%	Utilities
ISRG Intuitive Surgical	$99,674,573	$49,527 ▲	0.0%	201,253	0.6%	Medical
BRK.A Berkshire Hathaway	$92,619,226		0.0%	116	0.5%	Finance
AMD Advanced Micro Devices	$82,504,330	$17,106,210 ▼	-17.2%	803,040	0.5%	Computer and Technology
CSCO Cisco Systems	$80,905,636	$86,394 ▼	-0.1%	1,311,062	0.5%	Computer and Technology
BAC Bank of America	$79,663,071	$646,815 ▼	-0.8%	1,909,012	0.5%	Finance
IJH iShares Core S&P Mid-Cap ETF	$79,455,779	$40,424,880 ▼	-33.7%	1,361,710	0.5%	ETF
KO Coca-Cola	$78,169,506	$136,078 ▼	-0.2%	1,091,448	0.5%	Consumer Staples
PALANTIR TECHNOLOGIES INC	$78,162,840	$4,236,880 ▼	-5.1%	926,100	0.5%	CL A
CI The Cigna Group	$77,163,989	$394,800 ▼	-0.5%	234,541	0.4%	Medical
CVX Chevron	$75,851,795	$33,458 ▼	0.0%	453,415	0.4%	Energy
RITM Rithm Capital	$73,280,000	$22,954,204 ▼	-23.9%	6,400,000	0.4%	Finance
IBM International Business Machines	$72,356,579	$24,866 ▼	0.0%	290,986	0.4%	Computer and Technology
CRM Salesforce	$69,677,795	$53,672 ▲	0.1%	259,643	0.4%	Computer and Technology
WFC Wells Fargo & Company	$67,866,605	$825,585 ▼	-1.2%	945,349	0.4%	Finance
PM Philip Morris International	$66,945,647	$31,746 ▼	0.0%	421,758	0.4%	Consumer Staples
T AT&T	$66,885,396	$172,513,657 ▼	-72.1%	2,365,113	0.4%	Computer and Technology
MRK Merck & Co., Inc.	$64,563,470	$26,928 ▼	0.0%	719,290	0.4%	Medical
LINDE PLC	$62,490,751		0.0%	134,204	0.4%	SHS
ABT Abbott Laboratories	$62,419,386	$26,530 ▼	0.0%	470,557	0.4%	Medical
ORCL Oracle	$61,534,855	$545,259 ▲	0.9%	440,132	0.4%	Computer and Technology
HUBS HubSpot	$60,785,256		0.0%	106,400	0.4%	Computer and Technology
MCD McDonald's	$60,729,414	$31,237 ▼	-0.1%	194,415	0.4%	Retail/Wholesale
VZ Verizon Communications	$58,829,652	$22,680 ▼	0.0%	1,296,950	0.3%	Computer and Technology
GE GE Aerospace	$58,275,874	$520,390 ▼	-0.9%	291,161	0.3%	Industrials
PEP PepsiCo	$57,535,277	$59,976 ▼	-0.1%	383,722	0.3%	Consumer Staples
ACN Accenture	$56,865,546		0.0%	182,238	0.3%	Computer and Technology
MBB iShares MBS ETF	$56,268,000		0.0%	600,000	0.3%	ETF
BURL Burlington Stores	$53,648,083	$15,300,786 ▼	-22.2%	225,100	0.3%	Retail/Wholesale
RTX RTX	$51,862,329	$13,246 ▲	0.0%	391,532	0.3%	Aerospace
TMO Thermo Fisher Scientific	$51,655,856		0.0%	103,810	0.3%	Medical
ADBE Adobe	$49,100,661	$19,023,088 ▼	-27.9%	128,023	0.3%	Computer and Technology
QCOM QUALCOMM	$48,996,367	$230,415 ▼	-0.5%	318,966	0.3%	Computer and Technology
GS The Goldman Sachs Group	$48,823,576	$273,145 ▼	-0.6%	89,373	0.3%	Finance
DIS Walt Disney	$48,408,994	$98,700 ▼	-0.2%	490,466	0.3%	Consumer Discretionary
VLUE iShares MSCI USA Value Factor ETF	$47,555,235	$2,612,925 ▲	5.8%	445,900	0.3%	ETF
TXN Texas Instruments	$47,164,961	$107,820 ▼	-0.2%	262,465	0.3%	Computer and Technology
INTU Intuit	$46,595,701	$122,798 ▼	-0.3%	75,890	0.3%	Computer and Technology
CAT Caterpillar	$45,404,226	$461,720 ▼	-1.0%	137,672	0.3%	Industrials
AMGN Amgen	$45,391,900	$62,310 ▼	-0.1%	145,697	0.3%	Medical
PGR Progressive	$44,966,893	$28,301 ▼	-0.1%	158,888	0.3%	Finance
NOW ServiceNow	$44,468,400	$79,614 ▼	-0.2%	55,855	0.3%	Computer and Technology
PFE Pfizer	$43,723,765	$17,738 ▼	0.0%	1,725,484	0.3%	Medical
SPGI S&P Global	$43,418,669	$355,670 ▼	-0.8%	85,453	0.3%	Business Services
XLV Health Care Select Sector SPDR Fund	$43,217,208	$3,124,614 ▲	7.8%	295,988	0.2%	ETF
TJX TJX Companies	$42,676,528	$133,980 ▼	-0.3%	350,382	0.2%	Retail/Wholesale
BLOCK INC	$42,157,146	$12,696,921 ▲	43.1%	775,946	0.2%	CL A
ARISTA NETWORKS INC	$42,068,231	$10,180,872 ▲	31.9%	542,956	0.2%	COM SHS
GEHC GE HealthCare Technologies	$41,489,218	$3,236,471 ▲	8.5%	514,053	0.2%	Medical
ICE Intercontinental Exchange	$41,303,745		0.0%	239,442	0.2%	Finance
UBER Uber Technologies	$41,289,762	$349,728 ▼	-0.8%	566,700	0.2%	Computer and Technology
BKNG Booking	$41,273,307		0.0%	8,959	0.2%	Retail/Wholesale
AXP American Express	$40,512,742	$134,525 ▼	-0.3%	150,577	0.2%	Finance
CMCSA Comcast	$40,349,744	$472,320 ▼	-1.2%	1,093,489	0.2%	Consumer Discretionary
C Citigroup	$40,346,173	$291,059 ▼	-0.7%	568,336	0.2%	Finance
BSX Boston Scientific	$40,332,631	$20,176 ▼	0.0%	399,808	0.2%	Medical
COP ConocoPhillips	$40,047,067	$525,100 ▼	-1.3%	381,328	0.2%	Energy
BLACKROCK INC	$39,535,416		0.0%	41,771	0.2%	COM
AMAT Applied Materials	$39,408,062	$464,384 ▼	-1.2%	271,555	0.2%	Computer and Technology
MS Morgan Stanley	$39,169,152	$116,670 ▼	-0.3%	335,726	0.2%	Finance
UNP Union Pacific	$38,730,367	$141,744 ▼	-0.4%	163,945	0.2%	Transportation
ADP Automatic Data Processing	$37,978,296	$61,106 ▼	-0.2%	124,303	0.2%	Business Services
GILD Gilead Sciences	$37,883,545	$22,410 ▼	-0.1%	338,095	0.2%	Medical
BMY Bristol-Myers Squibb	$37,394,982		0.0%	613,133	0.2%	Medical
HON Honeywell International	$37,355,876	$21,175 ▼	-0.1%	176,415	0.2%	Multi-Sector Conglomerates
SCHW Charles Schwab	$36,186,182	$4,422,820 ▲	13.9%	462,266	0.2%	Finance
LOW Lowe's Companies	$35,723,839	$186,584 ▼	-0.5%	153,170	0.2%	Retail/Wholesale
DHR Danaher	$35,597,430	$164,000 ▼	-0.5%	173,646	0.2%	Medical
INTC Intel	$35,438,569	$93,111 ▲	0.3%	1,560,483	0.2%	Computer and Technology
VRTX Vertex Pharmaceuticals	$34,966,673	$145,446 ▼	-0.4%	72,123	0.2%	Medical
BA Boeing	$34,706,243	$102,330 ▲	0.3%	203,496	0.2%	Aerospace
SYK Stryker	$34,693,328	$37,225 ▲	0.1%	93,199	0.2%	Medical
TMUS T-Mobile US	$34,683,235	$586,762 ▼	-1.7%	130,041	0.2%	Computer and Technology

Showing largest 100 holdings. View all holdings.

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State Of Michigan Retirement System Top Holdings and 13F Report (2025)

About State Of Michigan Retirement System

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

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Advanced Stock Screeners and Research Tools

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State Of Michigan Retirement System Top Holdings and 13F Report (2025)

About State Of Michigan Retirement System

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofState Of Michigan Retirement System

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools