Filed: 4/30/2025ACC: 0000762152-25-000005
📋 What this filing means
STATE OF MICHIGAN RETIREMENT SYSTEM filed this quarterly 13F‑HR report disclosing 944 equity positions with a total reported market value of $17.34B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
944
Positions
$17.34B
Total AUM (reported)
143.88M
Total Shares
Allocation by class
COM$12.46B71.9%
CL A$1.22B7.1%
TR UNIT$654.23M3.8%
COM NEW$513.55M3.0%
CAP STK CL A$311.04M1.8%
COM CL A$273.39M1.6%
MSCI USA MMENTM$261.78M1.5%
Portfolio Concentration
Top 3$2.74B15.8%
4–10$2.89B16.6%
11–25$2.45B14.1%
Rest$9.26B53.4%
Top 3 weight
15.8%
Top 10 weight
32.5%
Voting Authority Distribution
Total shares with voting rights: 143.88M
Sole
Full voting authority
143.88M
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)
Sole944
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings944
Rows:
APPLE INC
SOLEShares4.42M
TypeSH
Market value$980.84M
5.66%
Sole
4.42M
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares8.45M
TypeSH
Market value$915.33M
5.28%
Sole
8.45M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares2.26M
TypeSH
Market value$847.58M
4.89%
Sole
2.26M
Shared
0.00
None
0.00
SPDR S P 500 ETF TR
SOLEShares1.17M
TypeSH
Market value$654.23M
3.77%
Sole
1.17M
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares3.13M
TypeSH
Market value$595.82M
3.44%
Sole
3.13M
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares871.21K
TypeSH
Market value$502.13M
2.90%
Sole
871.21K
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares1.90M
TypeSH
Market value$318.88M
1.84%
Sole
1.90M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares2.01M
TypeSH
Market value$311.04M
1.79%
Sole
2.01M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.30M
TypeSH
Market value$261.78M
1.51%
Sole
1.30M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares1.55M
TypeSH
Market value$241.87M
1.40%
Sole
1.55M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.17M
TypeSH
Market value$236.12M
1.36%
Sole
2.17M
Shared
0.00
None
0.00
JPMORGAN CHASE CO
SOLEShares901.53K
TypeSH
Market value$221.15M
1.28%
Sole
901.53K
Shared
0.00
None
0.00
ELI LILLY CO
SOLEShares263.80K
TypeSH
Market value$217.88M
1.26%
Sole
263.80K
Shared
0.00
None
0.00
VISA INC
SOLEShares593.92K
TypeSH
Market value$208.15M
1.20%
Sole
593.92K
Shared
0.00
None
0.00
TESLA INC
SOLEShares759.16K
TypeSH
Market value$196.74M
1.13%
Sole
759.16K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares345.33K
TypeSH
Market value$183.92M
1.06%
Sole
345.33K
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares175.27K
TypeSH
Market value$165.77M
0.96%
Sole
175.27K
Shared
0.00
None
0.00
NETFLIX INC
SOLEShares171.25K
TypeSH
Market value$159.69M
0.92%
Sole
171.25K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares1.18M
TypeSH
Market value$140.45M
0.81%
Sole
1.18M
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
SOLEShares255.78K
TypeSH
Market value$140.20M
0.81%
Sole
255.78K
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
SOLEShares259.72K
TypeSH
Market value$136.03M
0.78%
Sole
259.72K
Shared
0.00
None
0.00
JOHNSON JOHNSON
SOLEShares679.07K
TypeSH
Market value$112.62M
0.65%
Sole
679.07K
Shared
0.00
None
0.00
PROCTER AND GAMBLE CO
SOLEShares658.74K
TypeSH
Market value$112.26M
0.65%
Sole
658.74K
Shared
0.00
None
0.00
HOME DEPOT INC
SOLEShares299.48K
TypeSH
Market value$109.76M
0.63%
Sole
299.48K
Shared
0.00
None
0.00
TRANSDIGM GROUP INC
SOLEShares76.19K
TypeSH
Market value$105.40M
0.61%
Sole
76.19K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
APPLE INCSOLE | COM | 4.42M | SH | $980.84M 5.66% | 4.42M | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 8.45M | SH | $915.33M 5.28% | 8.45M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 2.26M | SH | $847.58M 4.89% | 2.26M | 0.00 | 0.00 |
SPDR S P 500 ETF TRSOLE | TR UNIT | 1.17M | SH | $654.23M 3.77% | 1.17M | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 3.13M | SH | $595.82M 3.44% | 3.13M | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 871.21K | SH | $502.13M 2.90% | 871.21K | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 1.90M | SH | $318.88M 1.84% | 1.90M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 2.01M | SH | $311.04M 1.79% | 2.01M | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI USA MMENTM | 1.30M | SH | $261.78M 1.51% | 1.30M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 1.55M | SH | $241.87M 1.40% | 1.55M | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX INV CP ETF | 2.17M | SH | $236.12M 1.36% | 2.17M | 0.00 | 0.00 |
JPMORGAN CHASE COSOLE | COM | 901.53K | SH | $221.15M 1.28% | 901.53K | 0.00 | 0.00 |
ELI LILLY COSOLE | COM | 263.80K | SH | $217.88M 1.26% | 263.80K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 593.92K | SH | $208.15M 1.20% | 593.92K | 0.00 | 0.00 |
TESLA INCSOLE | COM | 759.16K | SH | $196.74M 1.13% | 759.16K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 345.33K | SH | $183.92M 1.06% | 345.33K | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 175.27K | SH | $165.77M 0.96% | 175.27K | 0.00 | 0.00 |
NETFLIX INCSOLE | COM | 171.25K | SH | $159.69M 0.92% | 171.25K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 1.18M | SH | $140.45M 0.81% | 1.18M | 0.00 | 0.00 |
MASTERCARD INCORPORATEDSOLE | CL A | 255.78K | SH | $140.20M 0.81% | 255.78K | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCSOLE | COM | 259.72K | SH | $136.03M 0.78% | 259.72K | 0.00 | 0.00 |
JOHNSON JOHNSONSOLE | COM | 679.07K | SH | $112.62M 0.65% | 679.07K | 0.00 | 0.00 |
PROCTER AND GAMBLE COSOLE | COM | 658.74K | SH | $112.26M 0.65% | 658.74K | 0.00 | 0.00 |
HOME DEPOT INCSOLE | COM | 299.48K | SH | $109.76M 0.63% | 299.48K | 0.00 | 0.00 |
TRANSDIGM GROUP INCSOLE | COM | 76.19K | SH | $105.40M 0.61% | 76.19K | 0.00 | 0.00 |
Page 1 of 38
…