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 $19.24 billion in total holdings as of December 31, 2024.
State Of Michigan Retirement System owns shares of 951 different stocks, but just 158 companies or ETFs make up 80% of its holdings.
Approximately 2.52% of the portfolio was purchased this quarter.
About 8.97% of the portfolio was sold this quarter.
This quarter, State Of Michigan Retirement System has purchased 950 new stocks and bought additional shares in 175 stocks.
State Of Michigan Retirement System sold shares of 597 stocks and completely divested from 21 stocks this quarter.

Largest Holdings

SPDR S&P 500 ETF Trust: $1,268,652,211
NVIDIA: $1,136,034,312
Apple: $1,130,120,168
Microsoft: $989,204,441
Amazon.com: $690,600,230

Largest New Holdings this Quarter

ARISTA NETWORKS INC: $45,489,285 Holding
BLACKROCK INC: $42,819,870 Holding
LAM RESEARCH CORP: $27,259,602 Holding
Apollo Global Management: $20,033,908 Holding
Workday: $14,914,134 Holding

Largest Purchases this Quarter

ARISTA NETWORKS INC: 411,556 shares (about $45.49M)
BLACKROCK INC: 41,771 shares (about $42.82M)
The Cigna Group: 150,100 shares (about $41.45M)
HubSpot: 49,700 shares (about $34.63M)
LAM RESEARCH CORP: 377,400 shares (about $27.26M)

Largest Sales this Quarter

SPDR S&P 500 ETF Trust: 1,007,700 shares (about $590.59M)
AT&T: 11,596,300 shares (about $264.05M)
Microsoft: 100,400 shares (about $42.32M)
NVIDIA: 255,100 shares (about $34.26M)
Thermo Fisher Scientific: 38,200 shares (about $19.87M)

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
SPY SPDR S&P 500 ETF Trust	$1,268,652,211	$590,592,816 ▼	-31.8%	2,164,640	6.6%	Finance
NVDA NVIDIA	$1,136,034,312	$34,257,379 ▼	-2.9%	8,459,560	5.9%	Computer and Technology
AAPL Apple	$1,130,120,168	$6,329,115 ▲	0.6%	4,512,899	5.9%	Computer and Technology
MSFT Microsoft	$989,204,441	$42,318,600 ▼	-4.1%	2,346,867	5.1%	Computer and Technology
AMZN Amazon.com	$690,600,230	$22,158,390 ▲	3.3%	3,147,820	3.6%	Retail/Wholesale
META Meta Platforms	$501,673,165	$3,688,713 ▼	-0.7%	856,814	2.6%	Computer and Technology
AVGO Broadcom	$403,554,614		0.0%	1,740,660	2.1%	Computer and Technology
GOOGL Alphabet	$387,095,784	$5,167,890 ▼	-1.3%	2,044,880	2.0%	Computer and Technology
TSLA Tesla	$306,093,355	$928,832 ▲	0.3%	757,957	1.6%	Auto/Tires/Trucks
GOOG Alphabet	$288,394,718	$4,532,472 ▲	1.6%	1,514,360	1.5%	Computer and Technology
MTUM iShares MSCI USA Momentum Factor ETF	$267,110,959	$3,641,792 ▼	-1.3%	1,290,890	1.4%	ETF
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF	$232,099,216		0.0%	2,172,400	1.2%	Finance
LLY Eli Lilly and Company	$212,997,888	$7,874,400 ▼	-3.6%	275,904	1.1%	Medical
T AT&T	$192,755,177	$264,047,751 ▼	-57.8%	8,465,313	1.0%	Computer and Technology
V Visa	$188,177,485	$4,645,788 ▲	2.5%	595,423	1.0%	Business Services
JPM JPMorgan Chase & Co.	$183,169,842	$2,564,897 ▼	-1.4%	764,131	1.0%	Finance
CVS CVS Health	$160,893,706	$15,922,483 ▲	11.0%	3,584,177	0.8%	Medical
COST Costco Wholesale	$160,410,473	$2,382,302 ▼	-1.5%	175,069	0.8%	Retail/Wholesale
BRK.B Berkshire Hathaway	$156,485,401	$2,991,648 ▼	-1.9%	345,229	0.8%	Finance
NFLX Netflix	$143,724,459	$4,545,732 ▲	3.3%	161,249	0.7%	Consumer Discretionary
MA Mastercard	$135,476,456	$684,541 ▼	-0.5%	257,281	0.7%	Business Services
UNH UnitedHealth Group	$131,482,625	$1,669,338 ▼	-1.3%	259,919	0.7%	Medical
XOM Exxon Mobil	$128,322,189	$1,828,690 ▼	-1.4%	1,192,918	0.7%	Oils/Energy
IJH iShares Core S&P Mid-Cap ETF	$128,016,518	$4,579,785 ▲	3.7%	2,054,510	0.7%	ETF
AMD Advanced Micro Devices	$117,110,737	$16,584,467 ▼	-12.4%	969,540	0.6%	Computer and Technology
HD Home Depot	$116,535,180	$194,495 ▼	-0.2%	299,584	0.6%	Retail/Wholesale
PG Procter & Gamble	$110,940,208	$3,453,590 ▲	3.2%	661,737	0.6%	Consumer Staples
WMT Walmart	$106,443,142	$433,680 ▼	-0.4%	1,178,120	0.6%	Retail/Wholesale
ISRG Intuitive Surgical	$104,993,820	$52,196 ▲	0.0%	201,153	0.5%	Medical
NEE NextEra Energy	$101,161,616	$100,366 ▼	-0.1%	1,411,098	0.5%	Utilities
JNJ Johnson & Johnson	$98,250,056	$1,532,972 ▼	-1.5%	679,367	0.5%	Medical
TDG TransDigm Group	$96,683,326		0.0%	76,292	0.5%	Aerospace
RITM Rithm Capital	$91,023,269		0.0%	8,404,734	0.5%	Finance
CRM Salesforce	$86,739,578	$1,504,485 ▼	-1.7%	259,443	0.5%	Computer and Technology
ABBV AbbVie	$85,226,342	$248,780 ▼	-0.3%	479,608	0.4%	Medical
BAC Bank of America	$84,582,302	$971,295 ▼	-1.1%	1,924,512	0.4%	Finance
BURL Burlington Stores	$82,467,858	$28,506 ▼	0.0%	289,300	0.4%	Retail/Wholesale
BRK.A Berkshire Hathaway	$78,986,720		0.0%	116	0.4%	Finance
ADBE Adobe	$78,985,396		0.0%	177,623	0.4%	Computer and Technology
CSCO Cisco Systems	$77,697,750	$6,565,517 ▼	-7.8%	1,312,462	0.4%	Computer and Technology
HUBS HubSpot	$74,136,328	$34,629,469 ▲	87.7%	106,400	0.4%	Computer and Technology
PALANTIR TECHNOLOGIES INC	$73,837,569	$6,436,113 ▼	-8.0%	976,300	0.4%	CL A
ORCL Oracle	$72,693,700	$149,976 ▲	0.2%	436,232	0.4%	Computer and Technology
MRK Merck & Co., Inc.	$71,584,813	$2,914,764 ▲	4.2%	719,590	0.4%	Medical
KO Coca-Cola	$68,071,846	$1,263,878 ▼	-1.8%	1,093,348	0.4%	Consumer Staples
WFC Wells Fargo & Company	$67,209,074	$1,973,744 ▼	-2.9%	956,849	0.3%	Finance
CVX Chevron	$65,701,597	$1,390,464 ▼	-2.1%	453,615	0.3%	Oils/Energy
CI The Cigna Group	$65,097,520	$41,448,614 ▲	175.3%	235,741	0.3%	Medical
ACN Accenture	$64,109,506	$35,179 ▲	0.1%	182,238	0.3%	Computer and Technology
IBM International Business Machines	$63,989,435	$461,643 ▼	-0.7%	291,086	0.3%	Computer and Technology
CMG Chipotle Mexican Grill	$59,377,410	$2,610,990 ▼	-4.2%	984,700	0.3%	Retail/Wholesale
NOW ServiceNow	$59,319,015	$106,012 ▼	-0.2%	55,955	0.3%	Computer and Technology
PEP PepsiCo	$58,409,591	$1,079,626 ▼	-1.8%	384,122	0.3%	Consumer Staples
MCD McDonald's	$56,387,953	$231,912 ▼	-0.4%	194,515	0.3%	Retail/Wholesale
LINDE PLC	$56,187,189	$1,256,010 ▼	-2.2%	134,204	0.3%	SHS
MBB iShares MBS ETF	$55,008,000		0.0%	600,000	0.3%	ETF
DIS Walt Disney	$54,724,739	$267,240 ▼	-0.5%	491,466	0.3%	Consumer Discretionary
TMO Thermo Fisher Scientific	$54,005,076	$19,872,786 ▼	-26.9%	103,810	0.3%	Medical
ABT Abbott Laboratories	$53,247,324	$350,641 ▼	-0.7%	470,757	0.3%	Medical
VZ Verizon Communications	$51,885,026	$239,940 ▼	-0.5%	1,297,450	0.3%	Computer and Technology
GS The Goldman Sachs Group	$51,463,077	$858,930 ▼	-1.6%	89,873	0.3%	Finance
PM Philip Morris International	$50,782,645	$180,525 ▼	-0.4%	421,958	0.3%	Consumer Staples
CAT Caterpillar	$50,449,759	$725,520 ▼	-1.4%	139,072	0.3%	Industrial Products
TXN Texas Instruments	$49,327,318	$393,771 ▼	-0.8%	263,065	0.3%	Computer and Technology
QCOM QUALCOMM	$49,229,987	$92,172 ▼	-0.2%	320,466	0.3%	Computer and Technology
GE General Electric	$48,996,397	$250,185 ▼	-0.5%	293,761	0.3%	Transportation
INTU Intuit	$47,822,565		0.0%	76,090	0.2%	Computer and Technology
BLOCK INC	$46,085,488	$25,581,990 ▲	124.8%	542,246	0.2%	CL A
PFE Pfizer	$45,795,662	$124,691 ▼	-0.3%	1,726,184	0.2%	Medical
ARISTA NETWORKS INC	$45,489,285	$45,489,285 ▲	New Holding	411,556	0.2%	COM SHS
RTX RTX	$45,296,511	$509,168 ▼	-1.1%	391,432	0.2%	Aerospace
AXP American Express	$44,838,143	$563,901 ▼	-1.2%	151,077	0.2%	Finance
AMAT Applied Materials	$44,683,406	$81,315 ▲	0.2%	274,755	0.2%	Computer and Technology
BKNG Booking	$44,512,075	$993,684 ▼	-2.2%	8,959	0.2%	Retail/Wholesale
VLUE iShares MSCI USA Value Factor ETF	$44,504,054	$2,524,079 ▲	6.0%	421,400	0.2%	ETF
SPGI S&P Global	$42,906,779	$498,030 ▼	-1.1%	86,153	0.2%	Business Services
BLACKROCK INC	$42,819,870	$42,819,870 ▲	New Holding	41,771	0.2%	COM
TJX TJX Companies	$42,462,540	$241,620 ▲	0.6%	351,482	0.2%	Retail/Wholesale
MS Morgan Stanley	$42,333,193	$314,300 ▼	-0.7%	336,726	0.2%	Finance
CMCSA Comcast	$41,519,026	$2,034,126 ▲	5.2%	1,106,289	0.2%	Consumer Discretionary
C Citigroup	$40,293,770	$373,067 ▼	-0.9%	572,436	0.2%	Finance
DHR Danaher	$40,044,079	$137,730 ▼	-0.3%	174,446	0.2%	Medical
HON Honeywell International	$39,872,973	$180,712 ▼	-0.5%	176,515	0.2%	Multi-Sector Conglomerates
COP ConocoPhillips	$38,312,148	$3,177,109 ▲	9.0%	386,328	0.2%	Oils/Energy
PGR Progressive	$38,095,115	$119,805 ▼	-0.3%	158,988	0.2%	Finance
AMGN Amgen	$38,026,594	$104,256 ▼	-0.3%	145,897	0.2%	Medical
LOW Lowe's Companies	$37,999,796	$296,160 ▼	-0.8%	153,970	0.2%	Retail/Wholesale
KR Kroger	$37,796,020	$6,237,300 ▼	-14.2%	618,087	0.2%	Retail/Wholesale
XLV Health Care Select Sector SPDR Fund	$37,775,071	$5,103,847 ▲	15.6%	274,588	0.2%	ETF
UNP Union Pacific	$37,522,842	$319,256 ▼	-0.8%	164,545	0.2%	Transportation
GEHC GE HealthCare Technologies	$37,053,646	$11,695,728 ▲	46.1%	473,953	0.2%	Medical
ADP Automatic Data Processing	$36,445,763	$322,003 ▼	-0.9%	124,503	0.2%	Business Services
BA Boeing	$35,912,592	$7,699,500 ▲	27.3%	202,896	0.2%	Aerospace
BSX Boston Scientific	$35,728,715	$89,320 ▼	-0.2%	400,008	0.2%	Medical
ICE Intercontinental Exchange	$35,679,252	$3,039,804 ▼	-7.9%	239,442	0.2%	Finance
ETN Eaton	$35,595,049	$398,244 ▼	-1.1%	107,256	0.2%	Industrial Products
BMY Bristol-Myers Squibb	$34,678,802	$5,712,560 ▼	-14.1%	613,133	0.2%	Medical
UBER Uber Technologies	$34,472,880	$42,224 ▼	-0.1%	571,500	0.2%	Computer and Technology
BX Blackstone	$33,794,320	$17,242 ▼	-0.1%	196,000	0.2%	Finance
SPOT Spotify Technology	$33,567,369	$1,789,520 ▼	-5.1%	75,031	0.2%	Business Services

Showing largest 100 holdings. View all holdings.

More Institutional Buying and Selling Information

SEC Filings and Trading Data

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

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