STATE OF MICHIGAN RETIREMENT SYSTEM
Institutional investor · Portfolio as of Q1 2019
Top Holdings950 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 1.7M | $471.3M | 3.8% | $255.16 | 0.00% | 1 qtr | New 87 |
AGNC INVESTMENT CORP | 24.3M | $437.1M | 3.5% | $7.07 | 0.00% | 1 qtr | New 86 |
APPLE INC | 1.9M | $355.5M | 2.9% | $45.22 | 0.00% | 1 qtr | New 80 |
MICROSOFT CORP | 2.6M | $308.7M | 2.5% | $110.82 | 0.00% | 1 qtr | New 80 |
ANNALY MORTGAGE MANAGEMENT | 28.1M | $280.8M | 2.3% | — | — | — | — |
AMAZON.COM INC | 142,702 | $254.1M | 2.0% | $89.04 | 0.00% | 1 qtr | New 80 |
EVEREST GROUP LTD | 811,700 | $175.3M | 1.4% | $187.46 | 0.00% | 1 qtr | New 70 |
BERKSHIRE HATHAWAY INC-CL B | 861,599 | $173.1M | 1.4% | $200.89 | 0.00% | 1 qtr | New 70 |
RITHM CAPITAL CORP | 10.2M | $171.7M | 1.4% | $8.63 | 0.00% | 1 qtr | New 69 |
JPMORGAN CHASE & CO | 1.7M | $167.3M | 1.3% | $83.49 | 0.00% | 1 qtr | New 69 |
| 11.9M | $160.8M | 1.3% | — | — | 1 qtr | New 69 | |
HOME DEPOT INC | 762,128 | $146.2M | 1.2% | $162.77 | 0.00% | 1 qtr | New 69 |
VISA INC-CLASS A SHARES | 927,144 | $144.8M | 1.2% | $148.12 | 0.00% | 1 qtr | New 69 |
ALPHABET INC-CL A | 121,038 | $142.4M | 1.1% | $58.40 | 0.00% | 1 qtr | New 69 |
META PLATFORMS INC-CLASS A | 796,174 | $132.7M | 1.1% | $165.53 | 0.00% | 1 qtr | New 69 |
VERIZON COMMUNICATIONS INC | 2.1M | $127.1M | 1.0% | $40.01 | 0.00% | 1 qtr | New 69 |
INTEL CORP | 2.3M | $121.8M | 1.0% | $46.51 | 0.00% | 1 qtr | New 59 |
JOHNSON & JOHNSON | 853,664 | $119.3M | 1.0% | $115.59 | 0.00% | 1 qtr | New 59 |
APOLLO COML REAL ESTATE FIN | 5.9M | $107.7M | 0.9% | $5.12 | 0.00% | 1 qtr | New 59 |
WELLS FARGO & CO | 2.2M | $106.8M | 0.9% | $39.51 | 0.00% | 1 qtr | New 59 |
STATE OF MICHIGAN RETIREMENT SYSTEM manages $12.5B across 950 positions as of Q1 2019. Top holdings: SPY (3.8%), AGNC (3.5%), AAPL (2.9%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 2.5/5.0.
Active quarter - 950 new positions, 0 exits, 0 increased. Top move: SPY (NEW, conviction 87). Portfolio: $12.5B across 950 positions.
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Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer