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STATE OF MICHIGAN RETIREMENT SYSTEM — 13F Holdings & Portfolio

CIK 762152 · latest 13F-HR filed 2026-07-30

Backtest portfolio

STATE OF MICHIGAN RETIREMENT SYSTEM manages $22.59B in 13F-reported U.S. long-equity assets across 960 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (6.33%), AAPL (4.91%), MSFT (3.35%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 37 new positions, exited 18, added to 483, and trimmed 224.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Filer Information
Address
MICHIGAN DEPT. OF TREASURY
BUREAU OF INVESTMENTS PO BOX 30117
LANSING, MI 48909
Phone
(517) 335-5401
Filing Manager
STATE OF MICHIGAN RETIREMENT SYSTEM
EAST LANSING, MI
Signatory
Karen Stout
Administrator, Trust Accounting Division
Loading holdings…
AUM

$22.59B

Long-equity book

Holdings

960

Distinct positions

Period

2026-06-30

Filed 2026-07-30

Q/Q Activity

+37 / −18 / ↑483 / ↓224

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • ADVANCED MICRO DEVICES INC$333.5M +265.4%
  • MICRON TECHNOLOGY INC$307.7M +247.9%
  • HUBSPOT INC$191.0M +735.4%
  • NVIDIA CORPORATION$166.1M +13.1%
  • STATE STR SPDR S P 500 ETF T$127.8M +72.6%
Show all 483 →

Top Trims

  • TRANSDIGM GROUP INC-$68.8M -78.3%
  • META PLATFORMS INC-$56.7M -11.7%
  • THE CIGNA GROUP-$38.9M -64.0%
  • EXXON MOBIL CORP-$33.9M -18.3%
  • NETFLIX INC-$29.3M -26.2%
Show all 224 →

New Positions

  • BLACKROCK ETF TRUST II$94.7M
  • ISHARES TR$89.1M
  • ISHARES TR$72.0M
  • MARVELL TECHNOLOGY INC$66.8M
  • SPDR SERIES TRUST$51.3M
Show all 37 →

Exited Positions

  • SELECT SECTOR SPDR TR$59.3M
  • HONEYWELL INTL INC$37.5M
  • CARNIVAL CORP$8.8M
  • COTERRA ENERGY INC$8.2M
  • DUPONT DE NEMOURS INC$5.1M
Show all 18 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORPORATION NVDA 67066G104 $1.43B 6.33% 7,144,304 SH
2 APPLE INC AAPL 037833100 $1.11B 4.91% 3,830,399 SH
3 MICROSOFT CORP MSFT 594918104 $755.8M 3.35% 2,026,202 SH
4 AMAZON COM INC AMZN 023135106 $631.1M 2.79% 2,647,879 SH
5 BROADCOM INC AVGO 11135F101 $617.5M 2.73% 1,634,642 SH
6 ALPHABET INC GOOGL 02079K305 $564.1M 2.50% 1,578,570 SH
7 ALPHABET INC GOOG 02079K107 $551.5M 2.44% 1,560,960 SH
8 ADVANCED MICRO DEVICES INC AMD 007903107 $459.2M 2.03% 790,453 SH
9 ISHARES TR MTUM 46432F396 $446.4M 1.98% 1,301,990 SH
10 MICRON TECHNOLOGY INC MU 595112103 $431.8M 1.91% 374,042 SH
11 META PLATFORMS INC META 30303M102 $429.3M 1.90% 762,054 SH
12 ISHARES TR LQD 464287242 $335.1M 1.48% 3,072,400 SH
13 STATE STR SPDR S P 500 ETF T SPY 78462F103 $304.0M 1.35% 407,152 SH
14 TESLA INC TSLA 88160R101 $303.2M 1.34% 720,857 SH
15 ADOBE INC ADBE 00724F101 $276.6M 1.22% 1,349,261 SH
16 ELI LILLY CO LLY 532457108 $255.4M 1.13% 212,904 SH
17 JPMORGAN CHASE CO JPM 46625H100 $224.6M 0.99% 686,031 SH
18 HUBSPOT INC HUBS 443573100 $217.0M 0.96% 1,188,887 SH
19 INTEL CORP INTC 458140100 $168.9M 0.75% 1,209,653 SH
20 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $164.8M 0.73% 329,329 SH
21 JOHNSON JOHNSON JNJ 478160104 $163.2M 0.72% 642,467 SH
22 KROGER CO KR 501044101 $162.7M 0.72% 2,929,710 SH
23 APPLIED MATLS INC AMAT 038222105 $161.3M 0.71% 223,051 SH
24 LAM RESEARCH CORP LRCX 512807306 $155.5M 0.69% 358,800 SH
25 VISA INC V 92826C839 $155.4M 0.69% 453,023 SH
26 CHARTER COMMUNICATIONS INC CHTR 16119P108 $152.2M 0.67% 1,070,397 SH
27 EXXON MOBIL CORP XOM 30231G102 $151.3M 0.67% 1,106,818 SH
28 DUOLINGO INC DUOL 26603R106 $150.2M 0.67% 1,306,107 SH
29 VERTIV HOLDINGS CO VRT 92537N108 $137.5M 0.61% 410,590 SH
30 CISCO SYS INC CSCO 17275R102 $135.6M 0.60% 1,154,062 SH
31 WALMART INC WMT 931142103 $130.4M 0.58% 1,151,220 SH
32 CATERPILLAR INC CAT 149123101 $125.6M 0.56% 117,972 SH
33 MASTERCARD INCORPORATED MA 57636Q104 $122.1M 0.54% 237,681 SH
34 KLA CORP KLAC 482480100 $114.2M 0.51% 378,480 SH
35 ABBVIE INC ABBV 00287Y109 $113.8M 0.50% 452,408 SH
36 PALANTIR TECHNOLOGIES INC PLTR 69608A108 $110.6M 0.49% 948,281 SH
37 COSTCO WHOLESALE CORPORATION COST 22160K105 $109.8M 0.49% 117,369 SH
38 BANK OF AMER CORP BAC 060505104 $102.5M 0.45% 1,798,812 SH
39 GE AEROSPACE GE 369604301 $99.8M 0.44% 267,161 SH
40 UNITEDHEALTH GROUP INC UNH 91324P102 $96.6M 0.43% 232,519 SH
41 ARISTA NETWORKS INC ANET 040413205 $96.3M 0.43% 566,692 SH
42 BLACKROCK ETF TRUST II SECU 092528819 $94.7M 0.42% 1,900,000 SH
43 ISHARES TR IJH 464287507 $92.1M 0.41% 1,194,710 SH
44 ISHARES TR QUAL 46432F339 $92.1M 0.41% 419,649 SH
45 PROCTER GAMBLE CO PG 742718109 $90.1M 0.40% 614,537 SH
46 HOME DEPOT INC HD 437076102 $89.9M 0.40% 254,984 SH
47 ISHARES TR AGG 464287226 $89.1M 0.39% 900,000 SH
48 KAYNE ANDERSON BDC INC KBDC 48662X105 $88.8M 0.39% 6,566,762 SH
49 BERKSHIRE HATHAWAY INC DEL BRK.A 084670108 $86.9M 0.38% 116 SH
50 SANDISK CORP SNDK 80004C200 $86.2M 0.38% 37,901 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-30 $22.59B 960 0000762152-26-000012
2026-03-31 2026-05-04 $18.93B 941 0000762152-26-000009
2025-12-31 2026-01-29 $20.57B 935 0000762152-26-000007