Filed: 8/5/2025ACC: 0000762152-25-000008
📋 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 $19.31B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
944
Positions
$19.31B
Total AUM (reported)
139.10M
Total Shares
Allocation by class
COM$13.85B71.7%
CL A$1.40B7.3%
TR UNIT$750.84M3.9%
COM NEW$510.94M2.6%
COM CL A$362.11M1.9%
CAP STK CL A$354.45M1.8%
SHS$291.65M1.5%
Portfolio Concentration
Top 3$3.36B17.4%
4–10$3.54B18.3%
11–25$2.61B13.5%
Rest$9.81B50.8%
Top 3 weight
17.4%
Top 10 weight
35.7%
Voting Authority Distribution
Total shares with voting rights: 139.10M
Sole
Full voting authority
139.10M
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:
NVIDIA CORPORATION
SOLEShares8.44M
TypeSH
Market value$1.33B
6.90%
Sole
8.44M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares2.26M
TypeSH
Market value$1.12B
5.82%
Sole
2.26M
Shared
0.00
None
0.00
APPLE INC
SOLEShares4.38M
TypeSH
Market value$899.28M
4.66%
Sole
4.38M
Shared
0.00
None
0.00
SPDR S P 500 ETF TR
SOLEShares1.22M
TypeSH
Market value$750.84M
3.89%
Sole
1.22M
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares3.14M
TypeSH
Market value$689.33M
3.57%
Sole
3.14M
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares864.81K
TypeSH
Market value$638.31M
3.30%
Sole
864.81K
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares1.91M
TypeSH
Market value$526.92M
2.73%
Sole
1.91M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares2.01M
TypeSH
Market value$354.45M
1.84%
Sole
2.01M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.21M
TypeSH
Market value$289.85M
1.50%
Sole
1.21M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares1.61M
TypeSH
Market value$285.36M
1.48%
Sole
1.61M
Shared
0.00
None
0.00
JPMORGAN CHASE CO
SOLEShares925.63K
TypeSH
Market value$268.35M
1.39%
Sole
925.63K
Shared
0.00
None
0.00
TESLA INC
SOLEShares761.96K
TypeSH
Market value$242.04M
1.25%
Sole
761.96K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.17M
TypeSH
Market value$238.12M
1.23%
Sole
2.17M
Shared
0.00
None
0.00
NETFLIX INC
SOLEShares171.25K
TypeSH
Market value$229.32M
1.19%
Sole
171.25K
Shared
0.00
None
0.00
VISA INC
SOLEShares600.02K
TypeSH
Market value$213.04M
1.10%
Sole
600.02K
Shared
0.00
None
0.00
ELI LILLY CO
SOLEShares265.50K
TypeSH
Market value$206.97M
1.07%
Sole
265.50K
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares175.57K
TypeSH
Market value$173.80M
0.90%
Sole
175.57K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares346.53K
TypeSH
Market value$168.33M
0.87%
Sole
346.53K
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
SOLEShares252.08K
TypeSH
Market value$141.65M
0.73%
Sole
252.08K
Shared
0.00
None
0.00
PALANTIR TECHNOLOGIES INC
SOLEShares938.40K
TypeSH
Market value$127.92M
0.66%
Sole
938.40K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares1.17M
TypeSH
Market value$126.33M
0.65%
Sole
1.17M
Shared
0.00
None
0.00
ADVANCED MICRO DEVICES INC
SOLEShares857.60K
TypeSH
Market value$121.69M
0.63%
Sole
857.60K
Shared
0.00
None
0.00
HOME DEPOT INC
SOLEShares330.28K
TypeSH
Market value$121.10M
0.63%
Sole
330.28K
Shared
0.00
None
0.00
TRANSDIGM GROUP INC
SOLEShares76.29K
TypeSH
Market value$116.01M
0.60%
Sole
76.29K
Shared
0.00
None
0.00
WALMART INC
SOLEShares1.17M
TypeSH
Market value$114.87M
0.59%
Sole
1.17M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 8.44M | SH | $1.33B 6.90% | 8.44M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 2.26M | SH | $1.12B 5.82% | 2.26M | 0.00 | 0.00 |
APPLE INCSOLE | COM | 4.38M | SH | $899.28M 4.66% | 4.38M | 0.00 | 0.00 |
SPDR S P 500 ETF TRSOLE | TR UNIT | 1.22M | SH | $750.84M 3.89% | 1.22M | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 3.14M | SH | $689.33M 3.57% | 3.14M | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 864.81K | SH | $638.31M 3.30% | 864.81K | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 1.91M | SH | $526.92M 2.73% | 1.91M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 2.01M | SH | $354.45M 1.84% | 2.01M | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI USA MMENTM | 1.21M | SH | $289.85M 1.50% | 1.21M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 1.61M | SH | $285.36M 1.48% | 1.61M | 0.00 | 0.00 |
JPMORGAN CHASE COSOLE | COM | 925.63K | SH | $268.35M 1.39% | 925.63K | 0.00 | 0.00 |
TESLA INCSOLE | COM | 761.96K | SH | $242.04M 1.25% | 761.96K | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX INV CP ETF | 2.17M | SH | $238.12M 1.23% | 2.17M | 0.00 | 0.00 |
NETFLIX INCSOLE | COM | 171.25K | SH | $229.32M 1.19% | 171.25K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 600.02K | SH | $213.04M 1.10% | 600.02K | 0.00 | 0.00 |
ELI LILLY COSOLE | COM | 265.50K | SH | $206.97M 1.07% | 265.50K | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 175.57K | SH | $173.80M 0.90% | 175.57K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 346.53K | SH | $168.33M 0.87% | 346.53K | 0.00 | 0.00 |
MASTERCARD INCORPORATEDSOLE | CL A | 252.08K | SH | $141.65M 0.73% | 252.08K | 0.00 | 0.00 |
PALANTIR TECHNOLOGIES INCSOLE | CL A | 938.40K | SH | $127.92M 0.66% | 938.40K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 1.17M | SH | $126.33M 0.65% | 1.17M | 0.00 | 0.00 |
ADVANCED MICRO DEVICES INCSOLE | COM | 857.60K | SH | $121.69M 0.63% | 857.60K | 0.00 | 0.00 |
HOME DEPOT INCSOLE | COM | 330.28K | SH | $121.10M 0.63% | 330.28K | 0.00 | 0.00 |
TRANSDIGM GROUP INCSOLE | COM | 76.29K | SH | $116.01M 0.60% | 76.29K | 0.00 | 0.00 |
WALMART INCSOLE | COM | 1.17M | SH | $114.87M 0.59% | 1.17M | 0.00 | 0.00 |
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