STATE OF MICHIGAN RETIREMENT SYSTEM
Institutional investor · Portfolio as of Q4 2023
Top Holdings958 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 3.4M | $1.6B | 9.5% | $371.49 | +24.86% | 20 qtrssince 2019-Q1 | Decreased 0 |
MICROSOFT CORP | 2.4M | $898.1M | 5.3% | $143.97 | +157.36% | 20 qtrssince 2019-Q1 | Decreased 0 |
APPLE INC | 4.4M | $854M | 5.1% | $101.45 | +87.50% | 20 qtrssince 2019-Q1 | Decreased 0 |
AMAZON.COM INC | 3M | $451.7M | 2.7% | $109.08 | +39.29% | 20 qtrssince 2019-Q1 | Increased 54 |
NVIDIA CORP | 905,006 | $448.2M | 2.7% | $20.18 | +145.18% | 20 qtrssince 2019-Q1 | Decreased 0 |
ALPHABET INC-CL A | 2.3M | $323.7M | 1.9% | $95.32 | +45.45% | 20 qtrssince 2019-Q1 | Decreased 0 |
VERIZON COMMUNICATIONS INC | 8.2M | $309.7M | 1.8% | $35.53 | -8.53% | 20 qtrssince 2019-Q1 | Increased 49 |
AT&T INC | 18.4M | $308.9M | 1.8% | $14.64 | +2.12% | 20 qtrssince 2019-Q1 | Decreased 0 |
META PLATFORMS INC-CLASS A | 823,514 | $291.5M | 1.7% | $233.75 | +50.38% | 20 qtrssince 2019-Q1 | Increased 53 |
ISHARES IBOXX INVESTMENT GRA | 2.2M | $240.4M | 1.4% | $106.52 | -7.05% | 15 qtrssince 2020-Q2 | Decreased 0 |
ISHARES MSCI USA MOMENTUM FA | 1.5M | $231.6M | 1.4% | $153.91 | +0.19% | 14 qtrssince 2020-Q3 | Decreased 0 |
ALPHABET INC-CL C | 1.4M | $195.6M | 1.2% | $95.59 | +46.34% | 20 qtrssince 2019-Q1 | Decreased 0 |
TESLA INC | 757,157 | $188.1M | 1.1% | $255.88 | -2.89% | 13 qtrssince 2020-Q4 | Increased 48 |
BROADCOM INC | 167,866 | $187.4M | 1.1% | $50.43 | +116.44% | 20 qtrssince 2019-Q1 | Increased 54 |
UNITEDHEALTH GROUP INC | 312,219 | $164.4M | 1.0% | $265.73 | +90.38% | 20 qtrssince 2019-Q1 | Decreased 0 |
MASTERCARD INC - A | 362,181 | $154.5M | 0.9% | $258.20 | +63.05% | 20 qtrssince 2019-Q1 | Decreased 0 |
VISA INC-CLASS A SHARES | 588,623 | $153.2M | 0.9% | $167.29 | +52.44% | 20 qtrssince 2019-Q1 | Increased 43 |
ELI LILLY & CO | 239,504 | $139.6M | 0.8% | $162.88 | +251.24% | 20 qtrssince 2019-Q1 | Increased 45 |
JPMORGAN CHASE & CO | 791,531 | $134.6M | 0.8% | $83.77 | +93.34% | 20 qtrssince 2019-Q1 | Decreased 0 |
ADOBE INC | 224,523 | $134M | 0.8% | $425.75 | +40.13% | 20 qtrssince 2019-Q1 | Increased 63 |
STATE OF MICHIGAN RETIREMENT SYSTEM manages $16.8B across 958 positions as of Q4 2023. Top holdings: SPY (9.5%), MSFT (5.3%), AAPL (5.1%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 3/5.0.
Active quarter - 20 new positions, 26 exits, 353 increased. Top move: ADBE (INCREASED, conviction 63). Portfolio: $16.8B across 958 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
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