Filed: 11/5/2025ACC: 0000762152-25-000014
📋 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 $20.81B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
944
Positions
$20.81B
Total AUM (reported)
141.15M
Total Shares
Allocation by class
COM$14.63B70.3%
CL A$1.49B7.2%
TR UNIT$820.56M3.9%
COM NEW$553.90M2.7%
COM CL A$501.34M2.4%
CAP STK CL A$486.68M2.3%
CAP STK CL C$388.48M1.9%
Portfolio Concentration
Top 3$3.85B18.5%
4–10$3.97B19.1%
11–25$2.76B13.3%
Rest$10.22B49.1%
Top 3 weight
18.5%
Top 10 weight
37.6%
Voting Authority Distribution
Total shares with voting rights: 141.15M
Sole
Full voting authority
141.15M
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
SOLEShares8.36M
TypeSH
Market value$1.56B
7.50%
Sole
8.36M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares2.30M
TypeSH
Market value$1.19B
5.71%
Sole
2.30M
Shared
0.00
None
0.00
APPLE INC
SOLEShares4.34M
TypeSH
Market value$1.10B
5.31%
Sole
4.34M
Shared
0.00
None
0.00
SPDR S P 500 ETF TR
SOLEShares1.23M
TypeSH
Market value$820.56M
3.94%
Sole
1.23M
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares3.08M
TypeSH
Market value$676.48M
3.25%
Sole
3.08M
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares861.01K
TypeSH
Market value$632.31M
3.04%
Sole
861.01K
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares1.91M
TypeSH
Market value$628.50M
3.02%
Sole
1.91M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares2M
TypeSH
Market value$486.68M
2.34%
Sole
2M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares1.60M
TypeSH
Market value$388.48M
1.87%
Sole
1.60M
Shared
0.00
None
0.00
TESLA INC
SOLEShares758.96K
TypeSH
Market value$337.52M
1.62%
Sole
758.96K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.22M
TypeSH
Market value$313.76M
1.51%
Sole
1.22M
Shared
0.00
None
0.00
JPMORGAN CHASE CO
SOLEShares943.63K
TypeSH
Market value$297.65M
1.43%
Sole
943.63K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.17M
TypeSH
Market value$242.16M
1.16%
Sole
2.17M
Shared
0.00
None
0.00
NETFLIX INC
SOLEShares170.45K
TypeSH
Market value$204.35M
0.98%
Sole
170.45K
Shared
0.00
None
0.00
ELI LILLY CO
SOLEShares266.60K
TypeSH
Market value$203.42M
0.98%
Sole
266.60K
Shared
0.00
None
0.00
VISA INC
SOLEShares594.22K
TypeSH
Market value$202.86M
0.97%
Sole
594.22K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares344.03K
TypeSH
Market value$172.96M
0.83%
Sole
344.03K
Shared
0.00
None
0.00
PALANTIR TECHNOLOGIES INC
SOLEShares895.10K
TypeSH
Market value$163.28M
0.78%
Sole
895.10K
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares174.87K
TypeSH
Market value$161.86M
0.78%
Sole
174.87K
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
SOLEShares254.78K
TypeSH
Market value$144.92M
0.70%
Sole
254.78K
Shared
0.00
None
0.00
ADVANCED MICRO DEVICES INC
SOLEShares855.70K
TypeSH
Market value$138.44M
0.67%
Sole
855.70K
Shared
0.00
None
0.00
HOME DEPOT INC
SOLEShares329.08K
TypeSH
Market value$133.34M
0.64%
Sole
329.08K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares1.15M
TypeSH
Market value$130.00M
0.62%
Sole
1.15M
Shared
0.00
None
0.00
ORACLE CORP
SOLEShares448.23K
TypeSH
Market value$126.06M
0.61%
Sole
448.23K
Shared
0.00
None
0.00
JOHNSON JOHNSON
SOLEShares677.97K
TypeSH
Market value$125.71M
0.60%
Sole
677.97K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 8.36M | SH | $1.56B 7.50% | 8.36M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 2.30M | SH | $1.19B 5.71% | 2.30M | 0.00 | 0.00 |
APPLE INCSOLE | COM | 4.34M | SH | $1.10B 5.31% | 4.34M | 0.00 | 0.00 |
SPDR S P 500 ETF TRSOLE | TR UNIT | 1.23M | SH | $820.56M 3.94% | 1.23M | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 3.08M | SH | $676.48M 3.25% | 3.08M | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 861.01K | SH | $632.31M 3.04% | 861.01K | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 1.91M | SH | $628.50M 3.02% | 1.91M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 2M | SH | $486.68M 2.34% | 2M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 1.60M | SH | $388.48M 1.87% | 1.60M | 0.00 | 0.00 |
TESLA INCSOLE | COM | 758.96K | SH | $337.52M 1.62% | 758.96K | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI USA MMENTM | 1.22M | SH | $313.76M 1.51% | 1.22M | 0.00 | 0.00 |
JPMORGAN CHASE COSOLE | COM | 943.63K | SH | $297.65M 1.43% | 943.63K | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX INV CP ETF | 2.17M | SH | $242.16M 1.16% | 2.17M | 0.00 | 0.00 |
NETFLIX INCSOLE | COM | 170.45K | SH | $204.35M 0.98% | 170.45K | 0.00 | 0.00 |
ELI LILLY COSOLE | COM | 266.60K | SH | $203.42M 0.98% | 266.60K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 594.22K | SH | $202.86M 0.97% | 594.22K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 344.03K | SH | $172.96M 0.83% | 344.03K | 0.00 | 0.00 |
PALANTIR TECHNOLOGIES INCSOLE | CL A | 895.10K | SH | $163.28M 0.78% | 895.10K | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 174.87K | SH | $161.86M 0.78% | 174.87K | 0.00 | 0.00 |
MASTERCARD INCORPORATEDSOLE | CL A | 254.78K | SH | $144.92M 0.70% | 254.78K | 0.00 | 0.00 |
ADVANCED MICRO DEVICES INCSOLE | COM | 855.70K | SH | $138.44M 0.67% | 855.70K | 0.00 | 0.00 |
HOME DEPOT INCSOLE | COM | 329.08K | SH | $133.34M 0.64% | 329.08K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 1.15M | SH | $130.00M 0.62% | 1.15M | 0.00 | 0.00 |
ORACLE CORPSOLE | COM | 448.23K | SH | $126.06M 0.61% | 448.23K | 0.00 | 0.00 |
JOHNSON JOHNSONSOLE | COM | 677.97K | SH | $125.71M 0.60% | 677.97K | 0.00 | 0.00 |
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