STATE OF MICHIGAN RETIREMENT SYSTEM
Institutional investor · Portfolio as of Q3 2019
Top Holdings944 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
AGNC INVESTMENT CORP | 23.1M | $371.4M | 3.4% | $7.05 | -4.88% | 3 qtrssince 2019-Q1 | Decreased 0 |
MICROSOFT CORP | 2.6M | $358.7M | 3.2% | $111.19 | +17.21% | 3 qtrssince 2019-Q1 | Increased 58 |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 1.2M | $346.7M | 3.1% | $255.16 | +5.57% | 3 qtrssince 2019-Q1 | Unchanged 0 |
APPLE INC | 1.2M | $259.2M | 2.3% | $45.22 | +18.81% | 3 qtrssince 2019-Q1 | Decreased 0 |
AMAZON.COM INC | 130,902 | $227.2M | 2.1% | $88.87 | -2.92% | 3 qtrssince 2019-Q1 | Increased 56 |
JPMORGAN CHASE & CO | 1.5M | $173.9M | 1.6% | $83.49 | +18.01% | 3 qtrssince 2019-Q1 | Decreased 0 |
ANNALY MORTGAGE MANAGEMENT | 19.1M | $168.1M | 1.5% | — | — | — | — |
BERKSHIRE HATHAWAY INC-CL B | 719,299 | $149.6M | 1.4% | $200.96 | +3.23% | 3 qtrssince 2019-Q1 | Increased 48 |
| 11.1M | $146.2M | 1.3% | — | — | 3 qtrssince 2019-Q1 | Decreased 0 | |
VISA INC-CLASS A SHARES | 837,944 | $144.1M | 1.3% | $148.12 | +10.46% | 3 qtrssince 2019-Q1 | Decreased 0 |
HOME DEPOT INC | 619,928 | $143.8M | 1.3% | $162.77 | +21.37% | 3 qtrssince 2019-Q1 | Decreased 0 |
RITHM CAPITAL CORP | 8.4M | $131.8M | 1.2% | $8.63 | -1.97% | 3 qtrssince 2019-Q1 | Decreased 0 |
ALPHABET INC-CL A | 106,838 | $130.5M | 1.2% | $58.41 | +4.16% | 3 qtrssince 2019-Q1 | Increased 48 |
META PLATFORMS INC-CLASS A | 710,374 | $126.5M | 1.1% | $165.70 | +6.14% | 3 qtrssince 2019-Q1 | Increased 48 |
VERIZON COMMUNICATIONS INC | 2M | $117.9M | 1.1% | $40.01 | +4.09% | 3 qtrssince 2019-Q1 | Increased 47 |
WALT DISNEY CO/THE | 849,191 | $110.7M | 1.0% | $107.51 | +17.39% | 3 qtrssince 2019-Q1 | Increased 48 |
INTEL CORP | 2M | $105M | 1.0% | $46.51 | -4.21% | 3 qtrssince 2019-Q1 | Decreased 0 |
APOLLO COML REAL ESTATE FIN | 5.5M | $104.7M | 0.9% | $5.12 | +10.59% | 3 qtrssince 2019-Q1 | Decreased 0 |
WELLS FARGO & CO | 2M | $100.6M | 0.9% | $39.51 | +6.58% | 3 qtrssince 2019-Q1 | Decreased 0 |
STRYKER CORP | 452,596 | $97.9M | 0.9% | $185.49 | +7.73% | 3 qtrssince 2019-Q1 | Increased 47 |
STATE OF MICHIGAN RETIREMENT SYSTEM manages $11B across 944 positions as of Q3 2019. Top holdings: AGNC (3.4%), MSFT (3.2%), SPY (3.1%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 3/5.0.
Active quarter - 29 new positions, 33 exits, 348 increased. Top move: MSFT (INCREASED, conviction 58). Portfolio: $11.0B across 944 positions.
Top holdings by portfolio weight
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