STATE OF MICHIGAN RETIREMENT SYSTEM
Institutional investor · Portfolio as of Q4 2019
Top Holdings947 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
MICROSOFT CORP | 2.6M | $413.5M | 3.4% | $111.81 | +33.82% | 4 qtrssince 2019-Q1 | Increased 58 |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 1.2M | $376M | 3.1% | $255.16 | +15.31% | 4 qtrssince 2019-Q1 | Unchanged 0 |
AGNC INVESTMENT CORP | 20.7M | $366.5M | 3.0% | $7.05 | +7.47% | 4 qtrssince 2019-Q1 | Decreased 0 |
APPLE INC | 1.1M | $336.6M | 2.8% | $45.22 | +56.25% | 4 qtrssince 2019-Q1 | Decreased 0 |
AMAZON.COM INC | 131,702 | $243.4M | 2.0% | $88.89 | +3.88% | 4 qtrssince 2019-Q1 | Increased 53 |
EXELON CORP | 3.7M | $170.3M | 1.4% | $26.90 | -2.88% | 4 qtrssince 2019-Q1 | Increased 77 |
BERKSHIRE HATHAWAY INC-CL B | 745,519 | $168.9M | 1.4% | $201.83 | +11.86% | 4 qtrssince 2019-Q1 | Increased 50 |
VISA INC-CLASS A SHARES | 878,844 | $165.1M | 1.4% | $149.56 | +19.70% | 4 qtrssince 2019-Q1 | Increased 50 |
| 11.1M | $162.7M | 1.3% | — | — | 4 qtrssince 2019-Q1 | Unchanged 0 | |
ANNALY MORTGAGE MANAGEMENT | 16.7M | $157.3M | 1.3% | — | — | — | — |
META PLATFORMS INC-CLASS A | 713,974 | $146.5M | 1.2% | $165.88 | +22.37% | 4 qtrssince 2019-Q1 | Increased 48 |
ALPHABET INC-CL A | 107,238 | $143.6M | 1.2% | $58.44 | +13.76% | 4 qtrssince 2019-Q1 | Increased 48 |
RITHM CAPITAL CORP | 8.4M | $135.4M | 1.1% | $8.63 | +7.42% | 4 qtrssince 2019-Q1 | Unchanged 0 |
JOHNSON & JOHNSON | 821,964 | $119.9M | 1.0% | $116.47 | +5.37% | 4 qtrssince 2019-Q1 | Increased 48 |
ATHENE HLDG LTD | 2.4M | $110.5M | 0.9% | — | — | 2 qtrssince 2019-Q3 | Increased 68 |
UNITEDHEALTH GROUP INC | 369,113 | $108.5M | 0.9% | $225.78 | +18.02% | 4 qtrssince 2019-Q1 | Increased 49 |
VERIZON COMMUNICATIONS INC | 1.8M | $107.8M | 0.9% | $40.01 | +6.76% | 4 qtrssince 2019-Q1 | Decreased 0 |
THERMO FISHER SCIENTIFIC INC | 330,531 | $107.4M | 0.9% | $269.63 | +18.69% | 4 qtrssince 2019-Q1 | Increased 42 |
JPMORGAN CHASE & CO | 758,585 | $105.7M | 0.9% | $83.49 | +40.09% | 4 qtrssince 2019-Q1 | Decreased 0 |
WELLS FARGO & CO | 2M | $105.5M | 0.9% | $39.51 | +14.77% | 4 qtrssince 2019-Q1 | Decreased 0 |
STATE OF MICHIGAN RETIREMENT SYSTEM manages $12.1B across 947 positions as of Q4 2019. Top holdings: MSFT (3.4%), SPY (3.1%), AGNC (3.0%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 3/5.0.
Active quarter - 34 new positions, 31 exits, 602 increased. Top move: EXC (INCREASED, conviction 77). Portfolio: $12.1B across 947 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