STATE OF MICHIGAN RETIREMENT SYSTEM — 13F Holdings & Portfolio
CIK 762152 · latest 13F-HR filed 2026-05-04
STATE OF MICHIGAN RETIREMENT SYSTEM manages $18.93B in 13F-reported U.S. long-equity assets across 941 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are NVDA (6.67%), AAPL (5.23%), MSFT (4.02%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 23 new positions, exited 17, added to 316, and trimmed 378.
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.
$18.93B
Long-equity book
941
Distinct positions
2026-03-31
Filed 2026-05-04
+23 / −17 / ↑316 / ↓378
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ADOBE INC$156.4M +362.6%
- CHARTER COMMUNICATIONS INC$87.7M +1603.7%
- KROGER CO$78.3M +90.0%
- VERTIV HOLDINGS CO$60.4M +155.7%
- EXXON MOBIL CORP$52.4M +39.4%
Top Trims
- STATE STR SPDR S P 500 ETF T-$423.8M -70.6%
- MICROSOFT CORP-$318.6M -29.5%
- NVIDIA CORPORATION-$239.8M -16.0%
- APPLE INC-$147.5M -13.0%
- ALPHABET INC-$143.6M -23.8%
New Positions
- SPOTIFY TECHNOLOGY S A$27.2M
- ROYAL CARIBBEAN GROUP$18.1M
- NXP SEMICONDUCTORS N V$15.1M
- FLEXTRONICS INTL LTD$6.4M
- LYONDELLBASELL INDUSTRIES NV$6.0M
Exited Positions
- TRANSMEDICS GROUP INC$13.1M
- AMCOR PLC$5.2M
- DAYFORCE INC$2.9M
- COMERICA INC$2.6M
- FRONTIER COMMUNICATIONS PARE$2.3M
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 | $1.26B | 6.67% | 7,244,460 | SH |
| 2 | APPLE INC | AAPL | 037833100 | $989.9M | 5.23% | 3,900,499 | SH |
| 3 | MICROSOFT CORP | MSFT | 594918104 | $761.8M | 4.02% | 2,057,867 | SH |
| 4 | AMAZON COM INC | AMZN | 023135106 | $563.0M | 2.97% | 2,703,120 | SH |
| 5 | BROADCOM INC | AVGO | 11135F101 | $522.8M | 2.76% | 1,689,060 | SH |
| 6 | META PLATFORMS INC | META | 30303M102 | $486.0M | 2.57% | 849,414 | SH |
| 7 | ALPHABET INC | GOOGL | 02079K305 | $459.1M | 2.42% | 1,596,380 | SH |
| 8 | ALPHABET INC | GOOG | 02079K107 | $451.3M | 2.38% | 1,573,260 | SH |
| 9 | ISHARES TR | MTUM | 46432F396 | $321.6M | 1.70% | 1,340,090 | SH |
| 10 | TESLA INC | TSLA | 88160R101 | $273.1M | 1.44% | 734,657 | SH |
| 11 | ISHARES TR | LQD | 464287242 | $236.8M | 1.25% | 2,172,400 | SH |
| 12 | JPMORGAN CHASE CO | JPM | 46625H100 | $207.2M | 1.09% | 704,331 | SH |
| 13 | ADOBE INC | ADBE | 00724F101 | $199.5M | 1.05% | 820,823 | SH |
| 14 | ELI LILLY CO | LLY | 532457108 | $198.5M | 1.05% | 215,804 | SH |
| 15 | EXXON MOBIL CORP | XOM | 30231G102 | $185.2M | 0.98% | 1,091,718 | SH |
| 16 | STATE STR SPDR S P 500 ETF T | SPY | 78462F103 | $176.2M | 0.93% | 270,940 | SH |
| 17 | KROGER CO | KR | 501044101 | $165.3M | 0.87% | 2,285,087 | SH |
| 18 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $162.8M | 0.86% | 339,629 | SH |
| 19 | JOHNSON JOHNSON | JNJ | 478160104 | $159.7M | 0.84% | 653,167 | SH |
| 20 | WALMART INC | WMT | 931142103 | $145.6M | 0.77% | 1,171,520 | SH |
| 21 | VISA INC | V | 92826C839 | $140.7M | 0.74% | 465,623 | SH |
| 22 | PALANTIR TECHNOLOGIES INC | PLTR | 69608A108 | $128.2M | 0.68% | 876,700 | SH |
| 23 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $125.7M | 0.66% | 617,700 | SH |
| 24 | MICRON TECHNOLOGY INC | MU | 595112103 | $124.1M | 0.66% | 367,342 | SH |
| 25 | MASTERCARD INCORPORATED | MA | 57636Q104 | $119.8M | 0.63% | 239,681 | SH |
| 26 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $119.2M | 0.63% | 119,669 | SH |
| 27 | DUOLINGO INC | DUOL | 26603R106 | $117.6M | 0.62% | 1,193,307 | SH |
| 28 | NETFLIX INC | NFLX | 64110L106 | $111.8M | 0.59% | 1,163,190 | SH |
| 29 | CHEVRON CORPORATION | CVX | 166764100 | $101.3M | 0.54% | 489,639 | SH |
| 30 | ABBVIE INC | ABBV | 00287Y109 | $100.4M | 0.53% | 461,708 | SH |
| 31 | VERTIV HOLDINGS CO | VRT | 92537N108 | $99.1M | 0.52% | 395,600 | SH |
| 32 | CISCO SYS INC | CSCO | 17275R102 | $94.9M | 0.50% | 1,223,362 | SH |
| 33 | CHARTER COMMUNICATIONS INC | CHTR | 16119P108 | $93.2M | 0.49% | 431,582 | SH |
| 34 | CATERPILLAR INC | CAT | 149123101 | $91.8M | 0.48% | 129,572 | SH |
| 35 | PROCTER GAMBLE CO | PG | 742718109 | $90.3M | 0.48% | 625,037 | SH |
| 36 | KAYNE ANDERSON BDC INC | KBDC | 48662X105 | $90.1M | 0.48% | 6,566,762 | SH |
| 37 | BANK AMERICA CORP | BAC | 060505104 | $90.1M | 0.48% | 1,848,012 | SH |
| 38 | TRANSDIGM GROUP INC | TDG | 893641100 | $87.8M | 0.46% | 75,792 | SH |
| 39 | APPLIED MATLS INC | AMAT | 038222105 | $87.2M | 0.46% | 255,055 | SH |
| 40 | MERCK CO INC | MRK | 58933Y105 | $87.0M | 0.46% | 723,090 | SH |
| 41 | HOME DEPOT INC | HD | 437076102 | $85.5M | 0.45% | 260,084 | SH |
| 42 | BERKSHIRE HATHAWAY INC DEL | BRK.A | 084670108 | $83.3M | 0.44% | 116 | SH |
| 43 | COCA COLA CO | KO | 191216100 | $79.0M | 0.42% | 1,038,148 | SH |
| 44 | GE AEROSPACE | GE | 369604301 | $77.7M | 0.41% | 273,961 | SH |
| 45 | LAM RESEARCH CORP | LRCX | 512807306 | $77.3M | 0.41% | 361,600 | SH |
| 46 | ISHARES TR | IJH | 464287507 | $76.4M | 0.40% | 1,131,710 | SH |
| 47 | UNITEDHEALTH GROUP INC | UNH | 91324P102 | $76.1M | 0.40% | 281,419 | SH |
| 48 | INTEL CORP | INTC | 458140100 | $68.3M | 0.36% | 1,546,983 | SH |
| 49 | WELLS FARGO CO | WFC | 949746101 | $67.8M | 0.36% | 852,149 | SH |
| 50 | RTX CORPORATION | RTX | 75513E101 | $67.6M | 0.36% | 350,600 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-04 | $18.93B | 941 | 0000762152-26-000009 |
| 2025-12-31 | 2026-01-29 | $20.57B | 935 | 0000762152-26-000007 |