Filed: 7/26/2023ACC: 0000762152-23-000006
📋 What this filing means
STATE OF MICHIGAN RETIREMENT SYSTEM filed this quarterly 13F‑HR report disclosing 969 equity positions with a total reported market value of $16.20B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
969
Positions
$16.20B
Total AUM (reported)
176.21M
Total Shares
Allocation by class
COM$11.20B69.1%
TR UNIT$1.55B9.5%
CL A$808.77M5.0%
COM NEW$428.06M2.6%
IBOXX INV CP ETF$334.95M2.1%
CAP STK CL A$280.61M1.7%
MSCI USA MMENTM$261.99M1.6%
Portfolio Concentration
Top 3$3.26B20.1%
4–10$2.17B13.4%
11–25$2.15B13.3%
Rest$8.62B53.2%
Top 3 weight
20.1%
Top 10 weight
33.5%
Voting Authority Distribution
Total shares with voting rights: 176.21M
Sole
Full voting authority
176.21M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole969
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings969
Rows:
SPDR S P 500 ETF TR
SOLEShares3.49M
TypeSH
Market value$1.55B
9.54%
Sole
3.49M
Shared
0.00
None
0.00
APPLE INC
SOLEShares4.63M
TypeSH
Market value$897.27M
5.54%
Sole
4.63M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares2.40M
TypeSH
Market value$818.97M
5.05%
Sole
2.40M
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares906.71K
TypeSH
Market value$383.55M
2.37%
Sole
906.71K
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares2.92M
TypeSH
Market value$380.31M
2.35%
Sole
2.92M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares3.10M
TypeSH
Market value$334.95M
2.07%
Sole
3.10M
Shared
0.00
None
0.00
VERIZON COMMUNICATIONS INC
SOLEShares8.13M
TypeSH
Market value$302.20M
1.87%
Sole
8.13M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares2.34M
TypeSH
Market value$280.61M
1.73%
Sole
2.34M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.82M
TypeSH
Market value$261.99M
1.62%
Sole
1.82M
Shared
0.00
None
0.00
ATT INC
SOLEShares14.37M
TypeSH
Market value$229.24M
1.41%
Sole
14.37M
Shared
0.00
None
0.00
APOLLO GLOBAL MGMT INC
SOLEShares2.81M
TypeSH
Market value$215.54M
1.33%
Sole
2.81M
Shared
0.00
None
0.00
TESLA INC
SOLEShares740.76K
TypeSH
Market value$193.91M
1.20%
Sole
740.76K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares661.81K
TypeSH
Market value$189.93M
1.17%
Sole
661.81K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares1.44M
TypeSH
Market value$174.12M
1.07%
Sole
1.44M
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
SOLEShares340.42K
TypeSH
Market value$163.62M
1.01%
Sole
340.42K
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
SOLEShares374.68K
TypeSH
Market value$147.36M
0.91%
Sole
374.68K
Shared
0.00
None
0.00
VISA INC
SOLEShares595.82K
TypeSH
Market value$141.50M
0.87%
Sole
595.82K
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares150.97K
TypeSH
Market value$130.95M
0.81%
Sole
150.97K
Shared
0.00
None
0.00
JOHNSON JOHNSON
SOLEShares743.62K
TypeSH
Market value$123.08M
0.76%
Sole
743.62K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares357.75K
TypeSH
Market value$121.99M
0.75%
Sole
357.75K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares1.11M
TypeSH
Market value$119.23M
0.74%
Sole
1.11M
Shared
0.00
None
0.00
JPMORGAN CHASE CO
SOLEShares803.53K
TypeSH
Market value$116.87M
0.72%
Sole
803.53K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares415.16K
TypeSH
Market value$108.56M
0.67%
Sole
415.16K
Shared
0.00
None
0.00
LILLY ELI CO
SOLEShares229.90K
TypeSH
Market value$107.82M
0.67%
Sole
229.90K
Shared
0.00
None
0.00
PROCTER AND GAMBLE CO
SOLEShares648.14K
TypeSH
Market value$98.35M
0.61%
Sole
648.14K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S P 500 ETF TRSOLE | TR UNIT | 3.49M | SH | $1.55B 9.54% | 3.49M | 0.00 | 0.00 |
APPLE INCSOLE | COM | 4.63M | SH | $897.27M 5.54% | 4.63M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 2.40M | SH | $818.97M 5.05% | 2.40M | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 906.71K | SH | $383.55M 2.37% | 906.71K | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 2.92M | SH | $380.31M 2.35% | 2.92M | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX INV CP ETF | 3.10M | SH | $334.95M 2.07% | 3.10M | 0.00 | 0.00 |
VERIZON COMMUNICATIONS INCSOLE | COM | 8.13M | SH | $302.20M 1.87% | 8.13M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 2.34M | SH | $280.61M 1.73% | 2.34M | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI USA MMENTM | 1.82M | SH | $261.99M 1.62% | 1.82M | 0.00 | 0.00 |
ATT INCSOLE | COM | 14.37M | SH | $229.24M 1.41% | 14.37M | 0.00 | 0.00 |
APOLLO GLOBAL MGMT INCSOLE | COM | 2.81M | SH | $215.54M 1.33% | 2.81M | 0.00 | 0.00 |
TESLA INCSOLE | COM | 740.76K | SH | $193.91M 1.20% | 740.76K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 661.81K | SH | $189.93M 1.17% | 661.81K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 1.44M | SH | $174.12M 1.07% | 1.44M | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCSOLE | COM | 340.42K | SH | $163.62M 1.01% | 340.42K | 0.00 | 0.00 |
MASTERCARD INCORPORATEDSOLE | CL A | 374.68K | SH | $147.36M 0.91% | 374.68K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 595.82K | SH | $141.50M 0.87% | 595.82K | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 150.97K | SH | $130.95M 0.81% | 150.97K | 0.00 | 0.00 |
JOHNSON JOHNSONSOLE | COM | 743.62K | SH | $123.08M 0.76% | 743.62K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 357.75K | SH | $121.99M 0.75% | 357.75K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 1.11M | SH | $119.23M 0.74% | 1.11M | 0.00 | 0.00 |
JPMORGAN CHASE COSOLE | COM | 803.53K | SH | $116.87M 0.72% | 803.53K | 0.00 | 0.00 |
ISHARES TRSOLE | CORE SP MCP ETF | 415.16K | SH | $108.56M 0.67% | 415.16K | 0.00 | 0.00 |
LILLY ELI COSOLE | COM | 229.90K | SH | $107.82M 0.67% | 229.90K | 0.00 | 0.00 |
PROCTER AND GAMBLE COSOLE | COM | 648.14K | SH | $98.35M 0.61% | 648.14K | 0.00 | 0.00 |
Page 1 of 39
…