Filed: 2/6/2025ACC: 0000762152-25-000003
📋 What this filing means
STATE OF MICHIGAN RETIREMENT SYSTEM filed this quarterly 13F‑HR report disclosing 951 equity positions with a total reported market value of $19.24B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
951
Positions
$19.24B
Total AUM (reported)
158.75M
Total Shares
Allocation by class
COM$13.60B70.7%
TR UNIT$1.27B6.6%
CL A$1.21B6.3%
COM NEW$531.92M2.8%
CAP STK CL A$387.10M2.0%
CAP STK CL C$288.39M1.5%
SHS$276.44M1.4%
Portfolio Concentration
Top 3$3.53B18.4%
4–10$3.57B18.5%
11–25$2.54B13.2%
Rest$9.60B49.9%
Top 3 weight
18.4%
Top 10 weight
36.9%
Voting Authority Distribution
Total shares with voting rights: 158.75M
Sole
Full voting authority
158.75M
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)
Sole951
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings951
Rows:
SPDR S P 500 ETF TR
SOLEShares2.16M
TypeSH
Market value$1.27B
6.60%
Sole
2.16M
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares8.46M
TypeSH
Market value$1.14B
5.91%
Sole
8.46M
Shared
0.00
None
0.00
APPLE INC
SOLEShares4.51M
TypeSH
Market value$1.13B
5.88%
Sole
4.51M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares2.35M
TypeSH
Market value$989.20M
5.14%
Sole
2.35M
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares3.15M
TypeSH
Market value$690.60M
3.59%
Sole
3.15M
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares856.81K
TypeSH
Market value$501.67M
2.61%
Sole
856.81K
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares1.74M
TypeSH
Market value$403.55M
2.10%
Sole
1.74M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares2.04M
TypeSH
Market value$387.10M
2.01%
Sole
2.04M
Shared
0.00
None
0.00
TESLA INC
SOLEShares757.96K
TypeSH
Market value$306.09M
1.59%
Sole
757.96K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares1.51M
TypeSH
Market value$288.39M
1.50%
Sole
1.51M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.29M
TypeSH
Market value$267.11M
1.39%
Sole
1.29M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.17M
TypeSH
Market value$232.10M
1.21%
Sole
2.17M
Shared
0.00
None
0.00
ELI LILLY CO
SOLEShares275.90K
TypeSH
Market value$213.00M
1.11%
Sole
275.90K
Shared
0.00
None
0.00
AT T INC
SOLEShares8.47M
TypeSH
Market value$192.76M
1.00%
Sole
8.47M
Shared
0.00
None
0.00
VISA INC
SOLEShares595.42K
TypeSH
Market value$188.18M
0.98%
Sole
595.42K
Shared
0.00
None
0.00
JPMORGAN CHASE CO
SOLEShares764.13K
TypeSH
Market value$183.17M
0.95%
Sole
764.13K
Shared
0.00
None
0.00
CVS HEALTH CORP
SOLEShares3.58M
TypeSH
Market value$160.89M
0.84%
Sole
3.58M
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares175.07K
TypeSH
Market value$160.41M
0.83%
Sole
175.07K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares345.23K
TypeSH
Market value$156.49M
0.81%
Sole
345.23K
Shared
0.00
None
0.00
NETFLIX INC
SOLEShares161.25K
TypeSH
Market value$143.72M
0.75%
Sole
161.25K
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
SOLEShares257.28K
TypeSH
Market value$135.48M
0.70%
Sole
257.28K
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
SOLEShares259.92K
TypeSH
Market value$131.48M
0.68%
Sole
259.92K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares1.19M
TypeSH
Market value$128.32M
0.67%
Sole
1.19M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.05M
TypeSH
Market value$128.02M
0.67%
Sole
2.05M
Shared
0.00
None
0.00
ADVANCED MICRO DEVICES INC
SOLEShares969.54K
TypeSH
Market value$117.11M
0.61%
Sole
969.54K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S P 500 ETF TRSOLE | TR UNIT | 2.16M | SH | $1.27B 6.60% | 2.16M | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 8.46M | SH | $1.14B 5.91% | 8.46M | 0.00 | 0.00 |
APPLE INCSOLE | COM | 4.51M | SH | $1.13B 5.88% | 4.51M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 2.35M | SH | $989.20M 5.14% | 2.35M | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 3.15M | SH | $690.60M 3.59% | 3.15M | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 856.81K | SH | $501.67M 2.61% | 856.81K | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 1.74M | SH | $403.55M 2.10% | 1.74M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 2.04M | SH | $387.10M 2.01% | 2.04M | 0.00 | 0.00 |
TESLA INCSOLE | COM | 757.96K | SH | $306.09M 1.59% | 757.96K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 1.51M | SH | $288.39M 1.50% | 1.51M | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI USA MMENTM | 1.29M | SH | $267.11M 1.39% | 1.29M | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX INV CP ETF | 2.17M | SH | $232.10M 1.21% | 2.17M | 0.00 | 0.00 |
ELI LILLY COSOLE | COM | 275.90K | SH | $213.00M 1.11% | 275.90K | 0.00 | 0.00 |
AT T INCSOLE | COM | 8.47M | SH | $192.76M 1.00% | 8.47M | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 595.42K | SH | $188.18M 0.98% | 595.42K | 0.00 | 0.00 |
JPMORGAN CHASE COSOLE | COM | 764.13K | SH | $183.17M 0.95% | 764.13K | 0.00 | 0.00 |
CVS HEALTH CORPSOLE | COM | 3.58M | SH | $160.89M 0.84% | 3.58M | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 175.07K | SH | $160.41M 0.83% | 175.07K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 345.23K | SH | $156.49M 0.81% | 345.23K | 0.00 | 0.00 |
NETFLIX INCSOLE | COM | 161.25K | SH | $143.72M 0.75% | 161.25K | 0.00 | 0.00 |
MASTERCARD INCORPORATEDSOLE | CL A | 257.28K | SH | $135.48M 0.70% | 257.28K | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCSOLE | COM | 259.92K | SH | $131.48M 0.68% | 259.92K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 1.19M | SH | $128.32M 0.67% | 1.19M | 0.00 | 0.00 |
ISHARES TRSOLE | CORE S P MCP ETF | 2.05M | SH | $128.02M 0.67% | 2.05M | 0.00 | 0.00 |
ADVANCED MICRO DEVICES INCSOLE | COM | 969.54K | SH | $117.11M 0.61% | 969.54K | 0.00 | 0.00 |
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