STATE OF MICHIGAN RETIREMENT SYSTEM
Institutional investor · Portfolio as of Q3 2025
Top Holdings944 positions
NVIDIA Corp. | 8.4M | $1.6B | 7.5% | $12.74 | +1360.72% | 27 qtrssince 2019-Q1 | Decreased 0 |
Microsoft Corp. | 2.3M | $1.2B | 5.7% | $160.13 | +220.82% | 27 qtrssince 2019-Q1 | Increased 63 |
Apple Inc. | 4.3M | $1.1B | 5.3% | $75.93 | +234.11% | 27 qtrssince 2019-Q1 | Decreased 0 |
State Street Spdr S&p 500 Etf Trust TR UNIT | 1.2M | $820.6M | 3.9% | $382.31 | +72.39% | 27 qtrssince 2019-Q1 | Increased 59 |
Amazon.com, Inc. | 3.1M | $676.5M | 3.3% | $104.74 | +109.63% | 27 qtrssince 2019-Q1 | Decreased 0 |
Meta Platforms Inc | 861,014 | $632.3M | 3.0% | $248.80 | +194.17% | 27 qtrssince 2019-Q1 | Decreased 0 |
Broadcom Inc | 1.9M | $628.5M | 3.0% | $68.24 | +379.87% | 27 qtrssince 2019-Q1 | Decreased 0 |
Alphabet Inc. | 2M | $486.7M | 2.3% | $69.80 | +247.36% | 27 qtrssince 2019-Q1 | Decreased 0 |
Alphabet Inc. | 1.6M | $388.5M | 1.9% | $79.07 | +207.21% | 27 qtrssince 2019-Q1 | Decreased 0 |
Tesla Inc | 758,957 | $337.5M | 1.6% | $240.08 | +85.24% | 20 qtrssince 2020-Q4 | Decreased 0 |
ISHARES MSCI USA MOMENTUM FACTOR ETF | 1.2M | $313.8M | 1.5% | $155.03 | +64.31% | 21 qtrssince 2020-Q3 | Increased 49 |
JPMorgan Chase & Co. | 943,631 | $297.6M | 1.4% | $114.02 | +171.45% | 27 qtrssince 2019-Q1 | Increased 50 |
ISHARES TR | 2.2M | $242.2M | 1.2% | $105.62 | +0.81% | 22 qtrssince 2020-Q2 | Unchanged 0 |
Netflix, Inc. | 170,449 | $204.4M | 1.0% | $37.39 | +220.62% | 27 qtrssince 2019-Q1 | Decreased 0 |
Eli Lilly & Co. | 266,604 | $203.4M | 1.0% | $272.86 | +177.88% | 27 qtrssince 2019-Q1 | Increased 43 |
Visa Inc | 594,223 | $202.9M | 1.0% | $172.70 | +96.11% | 27 qtrssince 2019-Q1 | Decreased 0 |
Berkshire Hathaway Inc. | 344,029 | $173M | 0.8% | $220.61 | +127.89% | 27 qtrssince 2019-Q1 | Decreased 0 |
Palantir Technologies Inc | 895,100 | $163.3M | 0.8% | $31.10 | +475.17% | 19 qtrssince 2021-Q1 | Decreased 0 |
Costco Wholesale Corporation | 174,869 | $161.9M | 0.8% | $424.11 | +116.99% | 27 qtrssince 2019-Q1 | Decreased 0 |
MasterCard Incorporated | 254,781 | $144.9M | 0.7% | $259.95 | +117.46% | 27 qtrssince 2019-Q1 | Increased 43 |
STATE OF MICHIGAN RETIREMENT SYSTEM manages $20.8B across 944 positions as of Q3 2025. Top holdings: NVDA (7.5%), MSFT (5.7%), AAPL (5.3%). Fund DNA: Steady Compounder. HoldingsIntel Score: 3/5.0.
Active quarter - 22 new positions, 22 exits, 151 increased. Top move: MSFT (INCREASED, conviction 63). Portfolio: $20.8B across 944 positions.
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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
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