State Of Michigan Retirement System Top Holdings and 13F Report (2025) About State Of Michigan Retirement SystemInvestment ActivityState Of Michigan Retirement System has $19.31 billion in total holdings as of June 30, 2025.State Of Michigan Retirement System owns shares of 944 different stocks, but just 160 companies or ETFs make up 80% of its holdings.Approximately 1.88% of the portfolio was purchased this quarter.About 1.65% of the portfolio was sold this quarter.This quarter, State Of Michigan Retirement System has purchased 944 new stocks and bought additional shares in 471 stocks.State Of Michigan Retirement System sold shares of 321 stocks and completely divested from 7 stocks this quarter.Largest Holdings NVIDIA $1,333,460,878Microsoft $1,123,632,775Apple $899,280,422SPDR S&P 500 ETF Trust $750,836,034Amazon.com $689,327,768 Largest New Holdings this Quarter 19260Q107 - Coinbase Global $20,153,175 Holding679295105 - Okta $4,018,794 Holding00187Y100 - APi Group $2,945,585 Holding750940108 - RALLIANT CORP $1,571,949 Holding705573103 - Pegasystems $1,158,382 Holding Largest Purchases this Quarter Biogen 251,600 shares (about $31.60M)Hims & Hers Health 633,300 shares (about $31.57M)SPDR S&P 500 ETF Trust 45,700 shares (about $28.24M)Verizon Communications 476,600 shares (about $20.62M)Coinbase Global 57,500 shares (about $20.15M) Largest Sales this Quarter Rithm Capital 6,073,008 shares (about $68.56M)NextEra Energy 851,100 shares (about $59.08M)BLOCK INC 634,700 shares (about $43.12M)iShares MSCI USA Momentum Factor ETF 89,000 shares (about $21.39M)International Business Machines 38,246 shares (about $11.27M) Sector Allocation Over TimeMap of 500 Largest Holdings ofState Of Michigan Retirement System Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorNVDANVIDIA$1,333,460,878$853,146 ▼-0.1%8,440,1606.9%Computer and TechnologyMSFTMicrosoft$1,123,632,775$547,151 ▲0.0%2,258,9675.8%Computer and TechnologyAAPLApple$899,280,422$6,668,025 ▼-0.7%4,383,0994.7%Computer and TechnologySPYSPDR S&P 500 ETF Trust$750,836,034$28,235,745 ▲3.9%1,215,2403.9%FinanceAMZNAmazon.com$689,327,768$2,281,656 ▲0.3%3,142,0203.6%Retail/WholesaleMETAMeta Platforms$638,310,565$4,723,776 ▼-0.7%864,8143.3%Computer and TechnologyAVGOBroadcom$526,921,514$1,929,550 ▲0.4%1,911,5602.7%Computer and TechnologyGOOGLAlphabet$354,447,874$17,623 ▼0.0%2,011,2801.8%Computer and TechnologyMTUMiShares MSCI USA Momentum Factor ETF$289,847,549$21,388,480 ▼-6.9%1,206,0901.5%ETFGOOGAlphabet$285,360,197$10,732,095 ▲3.9%1,608,6601.5%Computer and TechnologyJPMJPMorgan Chase & Co.$268,349,683$6,986,831 ▲2.7%925,6311.4%FinanceTSLATesla$242,043,261$889,448 ▲0.4%761,9571.3%Auto/Tires/TrucksLQDiShares iBoxx $ Investment Grade Corporate Bond ETF$238,116,7640.0%2,172,4001.2%FinanceNFLXNetflix$229,324,6730.0%171,2491.2%Consumer DiscretionaryVVisa$213,038,166$2,165,805 ▲1.0%600,0231.1%Business ServicesLLYEli Lilly and Company$206,968,333$1,325,201 ▲0.6%265,5041.1%MedicalCOSTCostco Wholesale$173,802,776$296,982 ▲0.2%175,5690.9%Retail/WholesaleBRK.BBerkshire Hathaway$168,333,392$582,924 ▲0.3%346,5290.9%FinanceMAMastercard$141,654,397$2,079,178 ▼-1.4%252,0810.7%Business ServicesPALANTIR TECHNOLOGIES INC$127,922,688$1,676,736 ▲1.3%938,4000.7%CL AXOMExxon Mobil$126,332,760$970,200 ▼-0.8%1,171,9180.7%EnergyAMDAdvanced Micro Devices$121,693,440$7,742,064 ▲6.8%857,6000.6%Computer and TechnologyHDHome Depot$121,095,326$11,292,512 ▲10.3%330,2840.6%Retail/WholesaleTDGTransdigm Group$116,012,667$152,064 ▲0.1%76,2920.6%AerospaceWMTWalmart$114,873,900$195,560 ▼-0.2%1,174,8200.6%Retail/WholesaleISRGIntuitive Surgical$109,743,280$380,387 ▲0.3%201,9530.6%MedicalPGProcter & Gamble$105,332,347$382,368 ▲0.4%661,1370.5%Consumer StaplesJNJJohnson & Johnson$104,002,434$274,950 ▲0.3%680,8670.5%MedicalORCLOracle$96,685,182$459,123 ▲0.5%442,2320.5%Computer and TechnologyCSCOCisco Systems$90,954,544$6,938 ▼0.0%1,310,9620.5%Computer and TechnologyBACBank of America$90,012,672$321,776 ▼-0.4%1,902,2120.5%FinanceABBVAbbVie$89,154,771$259,868 ▲0.3%480,3080.5%MedicalBRK.ABerkshire Hathaway$84,540,8000.0%1160.4%FinanceIJHiShares Core S&P Mid-Cap ETF$83,820,650$632,604 ▼-0.7%1,351,5100.4%ETFUNHUnitedHealth Group$80,119,823$904,713 ▼-1.1%256,8190.4%MedicalPMPhilip Morris International$77,087,980$273,195 ▲0.4%423,2580.4%Consumer StaplesKOCocaCola$76,929,871$290,075 ▼-0.4%1,087,3480.4%Consumer StaplesVZVerizon Communications$76,741,509$20,622,482 ▲36.7%1,773,5500.4%Computer and TechnologyCICigna Group$76,245,302$1,289,262 ▼-1.7%230,6410.4%MedicalGEGE Aerospace$74,633,062$308,868 ▼-0.4%289,9610.4%AerospaceWFCWells Fargo & Company$74,547,574$1,193,788 ▼-1.6%930,4490.4%FinanceIBMInternational Business Machines$74,502,697$11,274,156 ▼-13.1%252,7400.4%Computer and TechnologyCRMSalesforce$71,156,547$354,497 ▲0.5%260,9430.4%Computer and TechnologyHIMSHims & Hers Health$68,748,135$31,570,005 ▲84.9%1,379,1000.4%MedicalABTAbbott Laboratories$64,340,483$340,025 ▲0.5%473,0570.3%MedicalTAT&T$64,267,434$4,178,936 ▼-6.1%2,220,7130.3%Computer and TechnologyVLUEiShares MSCI USA Value Factor ETF$64,167,428$13,687,089 ▲27.1%566,8000.3%ETFCVXChevron$63,234,852$1,689,642 ▼-2.6%441,6150.3%EnergyDISWalt Disney$62,794,448$1,971,759 ▲3.2%506,3660.3%Consumer DiscretionaryLINDE PLC$62,355,899$609,934 ▼-1.0%132,9040.3%SHSGSThe Goldman Sachs Group$61,979,791$1,273,950 ▼-2.0%87,5730.3%FinanceINTUIntuit$59,852,004$78,763 ▲0.1%75,9900.3%Computer and TechnologyHUBSHubSpot$59,225,4320.0%106,4000.3%Computer and TechnologyMRKMerck & Co., Inc.$58,981,324$2,042,328 ▲3.6%745,0900.3%MedicalNOWServiceNow$57,834,640$411,232 ▲0.7%56,2550.3%Computer and TechnologyRTXRTX$57,273,717$102,214 ▲0.2%392,2320.3%AerospaceMCDMcDonald's$56,802,2310.0%194,4150.3%Retail/WholesaleMBBiShares MBS ETF$56,334,0000.0%600,0000.3%ETFARISTA NETWORKS INC$55,672,600$122,772 ▲0.2%544,1560.3%COM SHSACNAccenture$54,618,561$149,445 ▲0.3%182,7380.3%Computer and TechnologyQCOMQUALCOMM$54,174,837$3,376,312 ▲6.6%340,1660.3%Computer and TechnologyUBERUber Technologies$53,050,380$177,270 ▲0.3%568,6000.3%Computer and TechnologyCATCaterpillar$52,436,301$1,009,346 ▼-1.9%135,0720.3%IndustrialsTXNTexas Instruments$51,294,805$3,198,178 ▼-5.9%247,0610.3%Computer and TechnologyBKNGBooking$51,286,877$578,924 ▼-1.1%8,8590.3%Retail/WholesalePEPPepsiCo$50,943,937$277,284 ▲0.5%385,8220.3%Consumer StaplesAMATApplied Materials$50,043,100$329,526 ▲0.7%273,3550.3%Computer and TechnologyADBEAdobe$49,413,474$116,064 ▼-0.2%127,7230.3%Computer and TechnologyXLVHealth Care Select Sector SPDR Fund$48,603,657$8,707,434 ▲21.8%360,5880.3%ETFAXPAmerican Express$47,999,153$31,898 ▼-0.1%150,4770.2%FinanceCCitigroup$47,942,648$434,112 ▼-0.9%563,2360.2%Financial ServicesMSMorgan Stanley$47,318,536$28,172 ▲0.1%335,9260.2%FinanceSPOTSpotify Technology$46,064,1880.0%60,0310.2%Computer and TechnologyMUMicron Technology$45,780,227$4,153,525 ▲10.0%371,4420.2%Computer and TechnologySPGIS&P Global$45,005,783$52,729 ▼-0.1%85,3530.2%FinanceBURLBurlington Stores$44,248,128$8,119,136 ▼-15.5%190,2000.2%Retail/WholesaleICEIntercontinental Exchange$43,948,771$18,347 ▲0.0%239,5420.2%FinanceBLACKROCK INC$43,723,297$104,925 ▼-0.2%41,6710.2%COMBSXBoston Scientific$43,211,902$268,525 ▲0.6%402,3080.2%MedicalTJXTJX Companies$43,206,928$61,745 ▼-0.1%349,8820.2%Retail/WholesaleBABoeing$42,952,812$314,295 ▲0.7%204,9960.2%AerospacePGRProgressive$42,534,282$133,430 ▲0.3%159,3880.2%FinanceSCHWCharles Schwab$42,368,754$191,604 ▲0.5%464,3660.2%FinancePFEPfizer$41,619,692$206,040 ▼-0.5%1,716,9840.2%MedicalTMOThermo Fisher Scientific$41,604,251$486,552 ▼-1.2%102,6100.2%MedicalAPHAmphenol$40,909,558$1,905,875 ▼-4.5%414,2740.2%Computer and TechnologyAMGNAmgen$40,819,664$139,605 ▲0.3%146,1970.2%MedicalHONHoneywell International$40,687,629$395,896 ▼-1.0%174,7150.2%Multi-Sector ConglomeratesQUALiShares MSCI USA Quality Factor ETF$40,284,204$11,444,349 ▲39.7%220,3490.2%ETFCMCSAComcast$39,619,076$592,454 ▲1.5%1,110,0890.2%Consumer DiscretionaryGE VERNOVA INC$39,284,096$317,490 ▼-0.8%74,2400.2%COMCOFCapital One Financial$38,863,593$15,341,698 ▲65.2%182,6640.2%FinanceNEENextEra Energy$38,861,177$59,083,362 ▼-60.3%559,7980.2%UtilitiesADPAutomatic Data Processing$38,180,845$154,200 ▼-0.4%123,8030.2%Computer and TechnologyGEHCGE HealthCare Technologies$38,112,941$37,035 ▲0.1%514,5530.2%MedicalETNEaton$37,968,028$321,291 ▼-0.8%106,3560.2%IndustrialsGILDGilead Sciences$37,495,680$11,087 ▲0.0%338,1950.2%MedicalUNPUnion Pacific$37,375,346$345,120 ▼-0.9%162,4450.2%TransportationSYKStryker$36,991,009$118,689 ▲0.3%93,4990.2%MedicalPANWPalo Alto Networks$36,835,200$81,856 ▲0.2%180,0000.2%Computer and TechnologyShowing largest 100 holdings. View all holdings. More Institutional Buying and Selling Information SEC Filings and Trading Data SEC Filings 13F Filings Top 13F Buys Top 13F Sells Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. 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