STATE OF MICHIGAN RETIREMENT SYSTEM
Institutional investor · Portfolio as of Q4 2025
Top Holdings935 positions
NVidia Corp | 8.1M | $1.5B | 7.3% | $12.74 | +1360.18% | 28 qtrssince 2019-Q1 | Decreased 0 |
Apple Inc | 4.2M | $1.1B | 5.5% | $75.93 | +257.06% | 28 qtrssince 2019-Q1 | Decreased 0 |
Microsoft Corp | 2.2M | $1.1B | 5.3% | $160.13 | +200.11% | 28 qtrssince 2019-Q1 | Decreased 0 |
Amazon.Com Inc | 3M | $693.2M | 3.4% | $104.74 | +120.37% | 28 qtrssince 2019-Q1 | Decreased 0 |
Broadcom Inc | 1.8M | $639.2M | 3.1% | $68.24 | +404.38% | 28 qtrssince 2019-Q1 | Decreased 0 |
Alphabet Inc Cap Stock Cl A | 1.9M | $602.6M | 2.9% | $69.80 | +347.53% | 28 qtrssince 2019-Q1 | Decreased 0 |
State Street Spdr S&P 500 Etf | 879,840 | $600M | 2.9% | $382.31 | +76.98% | 28 qtrssince 2019-Q1 | Decreased 0 |
Meta Platforms Inc | 848,314 | $560M | 2.7% | $248.80 | +164.63% | 28 qtrssince 2019-Q1 | Decreased 0 |
Alphabet Inc Cap Stock Cl C | 1.6M | $492.3M | 2.4% | $79.07 | +296.09% | 28 qtrssince 2019-Q1 | Decreased 0 |
Tesla Inc | 735,657 | $330.8M | 1.6% | $240.08 | +87.32% | 21 qtrssince 2020-Q4 | Decreased 0 |
ISHARES TR | 1.3M | $322.2M | 1.6% | $159.70 | +56.11% | 22 qtrssince 2020-Q3 | Increased 51 |
JPMorgan Chase & Co | 912,731 | $294.1M | 1.4% | $114.02 | +178.65% | 28 qtrssince 2019-Q1 | Decreased 0 |
Lilly Eli & Co | 256,704 | $275.9M | 1.3% | $272.86 | +291.96% | 28 qtrssince 2019-Q1 | Decreased 0 |
ISHARES TR | 2.2M | $239.4M | 1.2% | $105.62 | +1.15% | 23 qtrssince 2020-Q2 | Unchanged 0 |
Visa Inc Cl A | 553,223 | $194M | 0.9% | $172.70 | +101.86% | 28 qtrssince 2019-Q1 | Decreased 0 |
Advanced Micro Devices Inc | 843,000 | $180.5M | 0.9% | $91.07 | +135.16% | 28 qtrssince 2019-Q1 | Decreased 0 |
Berkshire Hathaway Inc Cl B | 339,729 | $170.8M | 0.8% | $220.61 | +127.85% | 28 qtrssince 2019-Q1 | Decreased 0 |
Palantir Technologies Inc Cl A | 878,000 | $156.1M | 0.8% | $31.10 | +481.54% | 20 qtrssince 2021-Q1 | Decreased 0 |
Netflix Inc | 1.6M | $150M | 0.7% | $37.39 | +150.74% | 28 qtrssince 2019-Q1 | Increased 69 |
Costco Wholesale Corp | 169,769 | $146.4M | 0.7% | $424.11 | +102.44% | 28 qtrssince 2019-Q1 | Decreased 0 |
STATE OF MICHIGAN RETIREMENT SYSTEM manages $20.6B across 935 positions as of Q4 2025. Top holdings: NVDA (7.3%), AAPL (5.5%), MSFT (5.3%). Fund DNA: Steady Compounder. HoldingsIntel Score: 2.5/5.0.
Active quarter - 19 new positions, 28 exits, 91 increased. Top move: NFLX (INCREASED, conviction 69). Portfolio: $20.6B across 935 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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