STATE OF MICHIGAN RETIREMENT SYSTEM
Institutional investor · Portfolio as of Q1 2023
Top Holdings968 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 3.6M | $1.5B | 9.8% | $370.36 | +5.18% | 17 qtrssince 2019-Q1 | Decreased 0 |
APPLE INC | 4.7M | $772.1M | 5.1% | $101.45 | +59.94% | 17 qtrssince 2019-Q1 | Decreased 0 |
MICROSOFT CORP | 2.3M | $667.1M | 4.4% | $136.50 | +103.74% | 17 qtrssince 2019-Q1 | Decreased 0 |
ISHARES IBOXX INVESTMENT GRA | 3.1M | $339.5M | 2.2% | $106.52 | -11.09% | 12 qtrssince 2020-Q2 | Unchanged 0 |
VERIZON COMMUNICATIONS INC | 8.1M | $315.9M | 2.1% | $35.57 | -11.32% | 17 qtrssince 2019-Q1 | Increased 53 |
AMAZON.COM INC | 2.9M | $297.6M | 2.0% | $108.32 | -5.83% | 17 qtrssince 2019-Q1 | Increased 49 |
ISHARES MSCI USA MOMENTUM FA | 1.9M | $261.2M | 1.7% | $153.91 | -12.71% | 11 qtrssince 2020-Q3 | Increased 51 |
AT&T INC | 13.2M | $253.9M | 1.7% | $15.19 | +6.37% | 17 qtrssince 2019-Q1 | Decreased 0 |
ALPHABET INC-CL A | 2.4M | $247.9M | 1.6% | $95.32 | +5.05% | 17 qtrssince 2019-Q1 | Increased 49 |
NVIDIA CORP | 801,806 | $222.7M | 1.5% | $17.43 | +56.94% | 17 qtrssince 2019-Q1 | Decreased 0 |
APOLLO GLOBAL MANAGEMENT INC | 3M | $186.7M | 1.2% | $50.58 | +16.03% | 4 qtrssince 2022-Q2 | Increased 66 |
UNITEDHEALTH GROUP INC | 372,219 | $175.9M | 1.2% | $265.73 | +68.06% | 17 qtrssince 2019-Q1 | Increased 48 |
TESLA INC | 738,557 | $153.2M | 1.0% | $256.01 | -23.72% | 10 qtrssince 2020-Q4 | Increased 48 |
ALPHABET INC-CL C | 1.5M | $152.7M | 1.0% | $95.59 | +5.21% | 17 qtrssince 2019-Q1 | Decreased 0 |
META PLATFORMS INC-CLASS A | 697,214 | $147.8M | 1.0% | $212.54 | -2.89% | 17 qtrssince 2019-Q1 | Increased 43 |
VISA INC-CLASS A SHARES | 646,723 | $145.8M | 1.0% | $166.34 | +31.98% | 17 qtrssince 2019-Q1 | Increased 43 |
MASTERCARD INC - A | 369,181 | $134.2M | 0.9% | $256.37 | +37.71% | 17 qtrssince 2019-Q1 | Increased 43 |
EXXON MOBIL CORP | 1.1M | $124M | 0.8% | $57.04 | +73.32% | 17 qtrssince 2019-Q1 | Increased 43 |
JOHNSON & JOHNSON | 752,624 | $116.7M | 0.8% | $122.58 | +15.07% | 17 qtrssince 2019-Q1 | Increased 43 |
BERKSHIRE HATHAWAY INC-CL B | 363,649 | $112.3M | 0.7% | $211.02 | +44.57% | 17 qtrssince 2019-Q1 | Increased 43 |
STATE OF MICHIGAN RETIREMENT SYSTEM manages $15.2B across 968 positions as of Q1 2023. Top holdings: SPY (9.8%), AAPL (5.1%), MSFT (4.4%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 3/5.0.
Active quarter - 21 new positions, 20 exits, 448 increased. Top move: APO (INCREASED, conviction 66). Portfolio: $15.2B across 968 positions.
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Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
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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