State Of Michigan Retirement System Top Holdings and 13F Report (2026)

About State Of Michigan Retirement System

Investment Activity

State Of Michigan Retirement System has $22.60 billion in total holdings as of September 30, 2026.
State Of Michigan Retirement System owns shares of 966 different stocks, but just 156 companies or ETFs make up 80% of its holdings.
Approximately 3.19% of the portfolio was purchased this quarter.
About 4.26% of the portfolio was sold this quarter.
This quarter, State Of Michigan Retirement System has purchased 960 new stocks and bought additional shares in 237 stocks.
State Of Michigan Retirement System sold shares of 600 stocks and completely divested from 15 stocks this quarter.

Largest Holdings

NVIDIA: $1,594,732,778
Apple: $1,244,328,897
Microsoft: $986,748,820
Amazon.com: $642,876,513
Broadcom: $568,134,813

Largest New Holdings this Quarter

30233Q108 - EXXONMOBIL HOLDINGS CORP: $175,545,080 Holding
84615Q103 - SPACE EXPLORATION TECHN CORP: $104,063,228 Holding
093712107 - Bloom Energy: $20,496,520 Holding
46434V456 - iShares MSCI Intl Quality Factor ETF: $14,939,940 Holding
464288240 - iShares MSCI ACWI ex U.S. ETF: $14,934,950 Holding

Largest Purchases this Quarter

EXXONMOBIL HOLDINGS CORP: 1,078,618 shares (about $175.55M)
SPACE EXPLORATION TECHN CORP: 689,800 shares (about $104.06M)
Charter Communications: 481,925 shares (about $53.45M)
CrowdStrike: 196,646 shares (about $52.06M)
iShares Core U.S. Aggregate Bond ETF: 400,000 shares (about $37.82M)

Largest Sales this Quarter

SPDR S&P 500 ETF Trust: 113,629 shares (about $86.66M)
Microsoft: 102,340 shares (about $52.49M)
iShares MSCI Mexico ETF: 556,000 shares (about $39.53M)
NVIDIA: 161,500 shares (about $36.88M)
Adobe: 148,600 shares (about $35.66M)

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
NVDA NVIDIA	$1,594,732,778	$36,883,370 ▼	-2.3%	6,982,804	7.1%	Technology
AAPL Apple	$1,244,328,897	$31,270,578 ▼	-2.5%	3,736,499	5.5%	Technology
MSFT Microsoft	$986,748,820	$52,490,186 ▼	-5.1%	1,923,862	4.4%	Technology
AMZN Amazon.com	$642,876,513	$16,842,540 ▼	-2.6%	2,580,279	2.8%	Consumer Discretionary
AVGO Broadcom	$568,134,813	$5,935,111 ▼	-1.0%	1,617,742	2.5%	Technology
META Meta Platforms	$530,834,661	$21,791,659 ▼	-3.9%	732,004	2.3%	Communication Services
GOOGL Alphabet	$526,948,198	$16,206,168 ▼	-3.0%	1,531,470	2.3%	Communication Services
GOOG Alphabet	$526,429,670	$5,451,840 ▼	-1.0%	1,544,960	2.3%	Communication Services
AMD Advanced Micro Devices	$451,144,247	$32,423,280 ▼	-6.7%	737,453	2.0%	Technology
MTUM iShares MSCI USA Momentum Factor ETF	$418,250,947	$5,077,440 ▲	1.2%	1,317,990	1.9%	ETF
MU Micron Technology	$393,070,325	$5,325,550 ▼	-1.3%	369,042	1.7%	Technology
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF	$313,937,832		0.0%	3,072,400	1.4%	ETF
ADBE Adobe	$288,086,600	$35,655,084 ▼	-11.0%	1,200,661	1.3%	Technology
TSLA Tesla	$251,225,704	$4,541,568 ▼	-1.8%	708,057	1.1%	Consumer Discretionary
HUBS HubSpot	$246,096,323	$2,398,266 ▲	1.0%	1,200,587	1.1%	Technology
LLY Eli Lilly and Company	$244,611,340	$1,735,620 ▼	-0.7%	211,404	1.1%	Healthcare
SPY SPDR S&P 500 ETF Trust	$223,849,445	$86,656,884 ▼	-27.9%	293,523	1.0%	ETF
JPM JPMorgan Chase & Co.	$220,938,530	$6,021,106 ▼	-2.7%	667,831	1.0%	Finance
KR Kroger	$195,163,038	$23,423,438 ▲	13.6%	3,329,291	0.9%	Consumer Staples
DUOLINGO INC	$185,106,757	$882,880 ▼	-0.5%	1,299,907	0.8%	CL A COM
EXXONMOBIL HOLDINGS CORP	$175,545,080	$175,545,080 ▲	New Holding	1,078,618	0.8%	COM SHS
CHTR Charter Communications	$172,152,510	$53,445,483 ▲	45.0%	1,552,322	0.8%	Communication Services
PALANTIR TECHNOLOGIES INC	$171,864,159	$5,511,802 ▼	-3.1%	918,814	0.8%	CL A
JNJ Johnson & Johnson	$167,201,048	$2,885,666 ▼	-1.7%	631,567	0.7%	Healthcare
V Visa	$163,934,611	$1,149,856 ▲	0.7%	456,223	0.7%	Finance
BRK.B Berkshire Hathaway	$158,511,926	$5,477,450 ▼	-3.3%	318,329	0.7%	Finance
INTC Intel	$150,101,504	$4,664,924 ▲	3.2%	1,248,453	0.7%	Technology
MA Mastercard	$129,143,796	$1,930,145 ▼	-1.5%	234,181	0.6%	Finance
ARISTA NETWORKS INC	$124,676,887	$9,304,063 ▲	8.1%	612,392	0.6%	COM SHS
AGG iShares Core U.S. Aggregate Bond ETF	$122,902,000	$37,816,000 ▲	44.4%	1,300,000	0.5%	ETF
CSCO Cisco Systems	$121,940,700	$2,270,993 ▼	-1.8%	1,132,962	0.5%	Technology
WALMART INC	$119,343,806	$290,976 ▼	-0.2%	1,148,420	0.5%	COM
ABBV AbbVie	$116,148,053	$2,197,356 ▼	-1.9%	444,008	0.5%	Healthcare
LAM RESEARCH CORP	$115,964,030	$1,905,358 ▼	-1.6%	353,000	0.5%	COM NEW
AMAT Applied Materials	$112,171,714	$1,892,106 ▼	-1.7%	219,351	0.5%	Technology
COST Costco Wholesale	$104,933,981	$1,911,714 ▼	-1.8%	115,269	0.5%	Consumer Staples
SPACE EXPLORATION TECHN CORP	$104,063,228	$104,063,228 ▲	New Holding	689,800	0.5%	COM CL A
CVX Chevron	$101,377,808	$3,491,991 ▲	3.6%	496,439	0.4%	Energy
VRT Vertiv	$100,080,909	$1,001,436 ▲	1.0%	414,740	0.4%	Industrials
BAC Bank of America	$95,851,883	$2,057,454 ▼	-2.1%	1,761,012	0.4%	Finance
MRK Merck & Co., Inc.	$94,580,826	$1,816,375 ▼	-1.9%	650,890	0.4%	Healthcare
CAT Caterpillar	$93,623,543	$2,026,975 ▼	-2.1%	115,472	0.4%	Industrials
BLACKROCK ETF TRUST II	$92,258,300		0.0%	1,900,000	0.4%	ISHA SECU IN ETF
QUAL iShares MSCI USA Quality Factor ETF	$90,484,794	$2,778,000 ▼	-3.0%	407,149	0.4%	ETF
PANW Palo Alto Networks	$87,701,812	$9,257,323 ▼	-9.5%	220,739	0.4%	Technology
PG Procter & Gamble	$87,507,519	$1,772,416 ▼	-2.0%	602,337	0.4%	Consumer Staples
BRK.A Berkshire Hathaway	$86,652,580		0.0%	116	0.4%	Finance
KO Coca-Cola	$86,333,764	$1,592,480 ▼	-1.8%	1,002,948	0.4%	Consumer Staples
UNH UnitedHealth Group	$82,783,515	$2,569,560 ▼	-3.0%	225,519	0.4%	Healthcare
KAYNE ANDERSON BDC INC	$82,478,531		0.0%	6,566,762	0.4%	COM SHS
GE GE Aerospace	$81,401,824	$2,029,885 ▼	-2.4%	260,661	0.4%	Industrials
NFLX Netflix	$78,186,350	$2,226,560 ▼	-2.8%	1,123,690	0.3%	Communication Services
PM Philip Morris International	$74,717,098	$1,431,150 ▼	-1.9%	391,558	0.3%	Consumer Staples
CRWD CrowdStrike	$73,065,705	$52,062,029 ▲	247.9%	275,980	0.3%	Technology
KLAC KLA	$72,568,540	$1,208,566 ▼	-1.6%	372,280	0.3%	Technology
HD Home Depot	$71,260,193	$1,280,205 ▼	-1.8%	250,484	0.3%	Consumer Discretionary
HYG iShares iBoxx $ High Yield Corporate Bond ETF	$69,489,000		0.0%	900,000	0.3%	ETF
IJH iShares Core S&P Mid-Cap ETF	$68,655,410	$17,303,975 ▼	-20.1%	954,210	0.3%	ETF
FDS FactSet Research Systems	$68,439,884	$3,212,405 ▼	-4.5%	253,528	0.3%	Finance
GS The Goldman Sachs Group	$65,876,640	$2,160,864 ▼	-3.2%	73,167	0.3%	Finance
WFC Wells Fargo & Company	$64,948,487	$1,905,190 ▼	-2.8%	811,349	0.3%	Finance
GE VERNOVA INC	$64,737,874	$1,644,348 ▼	-2.5%	68,110	0.3%	COM
TXN Texas Instruments	$64,269,731	$1,008,324 ▼	-1.5%	229,461	0.3%	Technology
SANDISK CORP	$63,855,703	$2,087,868 ▼	-3.2%	36,701	0.3%	COM
RTX RTX	$62,861,090	$1,151,030 ▼	-1.8%	338,600	0.3%	Industrials
TMO Thermo Fisher Scientific	$62,718,896	$1,485,110 ▼	-2.3%	92,910	0.3%	Healthcare
C Citigroup	$60,186,965	$1,981,044 ▼	-3.2%	464,836	0.3%	Finance
ORCL Oracle	$59,620,054	$27,460 ▼	0.0%	434,232	0.3%	Technology
MRVL Marvell Technology	$59,359,004	$123,122 ▲	0.2%	224,666	0.3%	Technology
APH Amphenol	$58,348,076	$27,698,788 ▲	90.4%	692,148	0.3%	Technology
LINDE PLC	$58,241,454	$1,234,090 ▼	-2.1%	122,704	0.3%	SHS
VZ Verizon Communications	$58,234,259	$1,160,511 ▼	-2.0%	1,269,550	0.3%	Communication Services
AMGN Amgen	$57,239,793	$1,011,624 ▼	-1.7%	135,797	0.3%	Healthcare
MS Morgan Stanley	$56,410,082	$1,316,560 ▼	-2.3%	299,926	0.2%	Finance
QCOM Qualcomm	$55,684,247	$276,060 ▼	-0.5%	302,566	0.2%	Technology
MBB iShares MBS ETF	$53,772,000		0.0%	600,000	0.2%	ETF
ZTS Zoetis	$52,867,944	$16,903,469 ▲	47.0%	757,095	0.2%	Healthcare
STX Seagate Technology	$52,485,758	$461,170 ▼	-0.9%	56,905	0.2%	Technology
IBM International Business Machines	$52,066,228	$857,727 ▼	-1.6%	236,740	0.2%	Technology
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	$52,052,342		0.0%	565,479	0.2%	ETF
CRM Salesforce	$51,640,165	$849,409 ▼	-1.6%	224,943	0.2%	Technology
T AT&T	$51,518,477	$1,400,560 ▼	-2.6%	2,111,413	0.2%	Communication Services
DIS Walt Disney	$51,449,883	$1,132,920 ▼	-2.2%	490,466	0.2%	Communication Services
VLUE iShares MSCI USA Value Factor ETF	$50,608,800	$7,385,400 ▲	17.1%	255,600	0.2%	ETF
GILD Gilead Sciences	$48,708,795	$953,920 ▼	-1.9%	326,795	0.2%	Healthcare
ADI Analog Devices	$48,539,452	$1,031,446 ▼	-2.1%	122,355	0.2%	Technology
DELL Dell Technologies	$47,965,774	$1,401,898 ▲	3.0%	89,164	0.2%	Technology
TJX TJX Companies	$47,563,063	$740,936 ▼	-1.5%	359,482	0.2%	Consumer Discretionary
PFE Pfizer	$47,322,780	$778,596 ▼	-1.6%	1,659,284	0.2%	Healthcare
ETN Eaton	$45,100,643	$816,449 ▼	-1.8%	104,956	0.2%	Industrials
OSCR Oscar Health	$44,718,000		0.0%	1,450,000	0.2%	Healthcare
MOH Molina Healthcare	$44,673,740	$2,307,020 ▲	5.4%	236,244	0.2%	Healthcare
PEP PepsiCo	$44,506,852	$887,040 ▼	-2.0%	351,222	0.2%	Consumer Staples
ISRG Intuitive Surgical	$43,124,331	$1,626,520 ▲	3.9%	106,053	0.2%	Healthcare
ABT Abbott Laboratories	$42,967,034	$1,106,896 ▼	-2.5%	434,757	0.2%	Healthcare
DE Deere & Company	$42,345,928	$873,015 ▼	-2.0%	63,057	0.2%	Industrials
NOW ServiceNow	$41,929,987	$9,286,893 ▼	-18.1%	312,887	0.2%	Technology
WELL Welltower	$41,698,536	$92,096 ▲	0.2%	181,109	0.2%	Real Estate
SCHW Charles Schwab	$41,389,567	$987,174 ▼	-2.3%	423,466	0.2%	Finance
WDC Western Digital	$41,154,534	$1,045,258 ▲	2.6%	90,557	0.2%	Technology

Showing largest 100 holdings. View all holdings.

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State Of Michigan Retirement System Top Holdings and 13F Report (2026)

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

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State Of Michigan Retirement System Top Holdings and 13F Report (2026)

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