STATE OF MICHIGAN RETIREMENT SYSTEM
Institutional investor · Portfolio as of Q1 2025
Top Holdings944 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
APPLE INC | 4.4M | $980.8M | 5.7% | $107.82 | +104.76% | 25 qtrssince 2019-Q1 | Decreased 0 |
NVIDIA CORP | 8.4M | $915.3M | 5.3% | $112.93 | -2.90% | 25 qtrssince 2019-Q1 | Decreased 0 |
MICROSOFT CORP | 2.3M | $847.6M | 4.9% | $154.80 | +143.40% | 25 qtrssince 2019-Q1 | Decreased 0 |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 1.2M | $654.2M | 3.8% | $375.75 | +46.60% | 25 qtrssince 2019-Q1 | Decreased 0 |
AMAZON.COM INC | 3.1M | $595.8M | 3.4% | $114.54 | +68.25% | 25 qtrssince 2019-Q1 | Decreased 0 |
META PLATFORMS INC-CLASS A | 871,214 | $502.1M | 2.9% | $252.13 | +128.23% | 25 qtrssince 2019-Q1 | Increased 55 |
BROADCOM INC | 1.9M | $318.9M | 1.8% | $159.33 | +4.07% | 25 qtrssince 2019-Q1 | Increased 53 |
ALPHABET INC-CL A | 2M | $311M | 1.8% | $95.32 | +61.46% | 25 qtrssince 2019-Q1 | Decreased 0 |
ISHARES MSCI USA MOMENTUM FA | 1.3M | $261.8M | 1.5% | $154.57 | +29.02% | 19 qtrssince 2020-Q3 | Increased 48 |
ALPHABET INC-CL C | 1.5M | $241.9M | 1.4% | $104.18 | +49.39% | 25 qtrssince 2019-Q1 | Increased 49 |
ISHARES IBOXX INVESTMENT GRA | 2.2M | $236.1M | 1.4% | $106.52 | -3.92% | 20 qtrssince 2020-Q2 | Unchanged 0 |
JPMORGAN CHASE & CO | 901,531 | $221.1M | 1.3% | $107.34 | +121.70% | 25 qtrssince 2019-Q1 | Increased 57 |
ELI LILLY & CO | 263,804 | $217.9M | 1.3% | $267.61 | +205.39% | 25 qtrssince 2019-Q1 | Decreased 0 |
VISA INC-CLASS A SHARES | 593,923 | $208.1M | 1.2% | $170.86 | +102.79% | 25 qtrssince 2019-Q1 | Decreased 0 |
TESLA INC | 759,157 | $196.7M | 1.1% | $256.12 | +2.90% | 18 qtrssince 2020-Q4 | Increased 48 |
BERKSHIRE HATHAWAY INC-CL B | 345,329 | $183.9M | 1.1% | $219.62 | +139.64% | 25 qtrssince 2019-Q1 | Increased 48 |
COSTCO WHOLESALE CORP | 175,269 | $165.8M | 1.0% | $423.15 | +121.62% | 25 qtrssince 2019-Q1 | Increased 43 |
NETFLIX INC | 171,249 | $159.7M | 0.9% | $37.52 | +148.88% | 25 qtrssince 2019-Q1 | Increased 46 |
EXXON MOBIL CORP | 1.2M | $140.4M | 0.8% | $62.93 | +80.88% | 25 qtrssince 2019-Q1 | Decreased 0 |
MASTERCARD INC - A | 255,781 | $140.2M | 0.8% | $258.20 | +108.17% | 25 qtrssince 2019-Q1 | Decreased 0 |
STATE OF MICHIGAN RETIREMENT SYSTEM manages $17.3B across 944 positions as of Q1 2025. Top holdings: AAPL (5.7%), NVDA (5.3%), MSFT (4.9%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 2.5/5.0.
Active quarter - 12 new positions, 19 exits, 396 increased. Top move: JPM (INCREASED, conviction 57). Portfolio: $17.3B across 944 positions.
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Portfolio allocation by GICS sector
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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