Fund HoldingsSTATE OF MICHIGAN RETIREMENT SYSTEM

Total Portfolio Value
$17.34B
Total Bought
$621.81M
Total Sold
$2.38B
Net Transaction
-$1.76B
Filing Period:
Securities
SharesValue ($K)
Q4 2024
Q1 2025
Change
Q4 2024
Q1 2025
Weight (%)
Change
JPMORGAN CHASE CO(JPM)764,131901,531+137,400183,170221,1461.28%+37,976
BERKSHIRE HATHAWAY INC DEL0345,329+345,3290183,9151.06%+183,915
VISA INC(V)595,423593,923-1,500188,177208,1461.20%+19,969
DOORDASH INC(DASH)092,000+92,000016,8150.10%+16,815
PHILIP MORRIS INTL INC(PM)0421,758+421,758066,9460.39%+66,946
NETFLIX INC(NFLX)161,249171,249+10,000143,724159,6950.92%+15,970
ABBVIE INC(ABBV)0478,908+478,9080100,3410.58%+100,341
JOHNSON JOHNSON(JNJ)0679,067+679,0670112,6160.65%+112,616
BERKSHIRE HATHAWAY INC DEL0116+116092,6190.53%+92,619
ALIBABA GROUP HLDG LTD(BABA)0257,000+257,000033,9830.20%+33,983
EXXON MOBIL CORP01,180,918+1,180,9180140,4470.81%+140,447
THE CIGNA GROUP(CI)235,741234,541-1,20065,09877,1640.45%+12,066
CHEVRON CORP NEW(CVX)0453,415+453,415075,8520.44%+75,852
COCA COLA CO(KO)01,091,448+1,091,448078,1700.45%+78,170
VERTIV HOLDINGS CO(VRT)68,400239,300+170,9007,77117,2770.10%+9,507
GE AEROSPACE(GE)0291,161+291,161058,2760.34%+58,276
ABBOTT LABS0470,557+470,557062,4190.36%+62,419
TRANSDIGM GROUP INC(TDG)076,192+76,1920105,3960.61%+105,396
INTERNATIONAL BUSINESS MACHS(IBM)0290,986+290,986072,3570.42%+72,357
AMGEN INC(AMGN)0145,697+145,697045,3920.26%+45,392
GRAYSCALE ETHEREUM TRUST(ETHE)0460,000+460,00007,0010.04%+7,001
VERIZON COMMUNICATIONS INC(VZ)01,296,950+1,296,950058,8300.34%+58,830
PROGRESSIVE CORP(PGR)0158,888+158,888044,9670.26%+44,967
UBER TECHNOLOGIES INC(UBER)0566,700+566,700041,2900.24%+41,290
GILEAD SCIENCES INC(GILD)0338,095+338,095037,8840.22%+37,884
RTX CORPORATION(RTX)0391,532+391,532051,8620.30%+51,862
LINDE PLC(LIN)0134,204+134,204062,4910.36%+62,491
SCHWAB CHARLES CORP(SCHW)405,766462,266+56,50030,03136,1860.21%+6,155
VERTEX PHARMACEUTICALS INC(VRTX)072,123+72,123034,9670.20%+34,967
INTERCONTINENTAL EXCHANGE IN(ICE)0239,442+239,442041,3040.24%+41,304
T MOBILE US INC(TMUS)0130,041+130,041034,6830.20%+34,683
SELECT SECTOR SPDR TR
ST STR CARE ETF
0295,988+295,988043,2170.25%+43,217
COSTCO WHSL CORP NEW(COST)175,069175,269+200160,410165,7660.96%+5,355
HIMS HERS HEALTH INC(HIMS)700,000745,800+45,80016,92622,0380.13%+5,112
WELLTOWER INC(WELL)0165,309+165,309025,3270.15%+25,327
ELI LILLY CO(LLY)0263,804+263,8040217,8781.26%+217,878
MASTERCARD INCORPORATED(MA)257,281255,781-1,500135,476140,1990.81%+4,722
BOSTON SCIENTIFIC CORP(BSX)400,008399,808-20035,72940,3330.23%+4,604
ELEVANCE HEALTH INC(ELV)069,551+69,551030,2520.17%+30,252
GALLAGER ARTHUR J CO(AJG)67,78768,987+1,20019,24123,8170.14%+4,576
UNITEDHEALTH GROUP INC(UNH)0259,719+259,7190136,0280.78%+136,028
MARSH MCLENNAN COS INC(MRSH)0140,675+140,675034,3290.20%+34,329
GE HEALTHCARE TECHNOLOGIES I(GEHC)473,953514,053+40,10037,05441,4890.24%+4,436
MCDONALDS CORP(MCD)0194,415+194,415060,7290.35%+60,729
AMERICAN TOWER CORP NEW(AMT)0126,784+126,784027,5880.16%+27,588
PALANTIR TECHNOLOGIES INC(PLTR)976,300926,100-50,20073,83878,1630.45%+4,325
INTEL CORP(INTC)01,560,483+1,560,483035,4390.20%+35,439
ISHARES TR02,172,400+2,172,4000236,1181.36%+236,118
GUIDEWIRE SOFTWARE INC(GWRE)020,000+20,00003,7470.02%+3,747
OREILLY AUTOMOTIVE INC(ORLY)015,563+15,563022,2950.13%+22,295
ALTRIA GROUP INC(MO)0459,742+459,742027,5940.16%+27,594
MEDTRONIC PLC(MDT)0347,898+347,898031,2620.18%+31,262
NEWMONT CORP(NEM)0308,845+308,845014,9110.09%+14,911
CME GROUP INC(CME)0103,244+103,244027,3900.16%+27,390
CISCO SYS INC(CSCO)1,312,4621,311,062-1,40077,69880,9060.47%+3,208
ENTEGRIS INC(ENTG)036,200+36,20003,1670.02%+3,167
DUKE ENERGY CORP NEW(DUK)0210,536+210,536025,6790.15%+25,679
ISHARES TR
MSCI USA VALUE
0445,900+445,900047,5550.27%+47,555
DEERE CO(DE)068,757+68,757032,2710.19%+32,271
WASTE MGMT INC DEL(WM)099,088+99,088022,9400.13%+22,940
SOUTHERN CO(SO)0297,223+297,223027,3300.16%+27,330
MERCADOLIBRE INC(MELI)011,000+11,000021,4600.12%+21,460
3M CO(MMM)0157,805+157,805023,1750.13%+23,175
BRISTOL MYERS SQUIBB CO(BMY)0613,133+613,133037,3950.22%+37,395
INTERNATIONAL PAPER CO(IP)0142,996+142,99607,6290.04%+7,629
AMERICAN ELEC PWR CO INC0144,658+144,658015,8070.09%+15,807
AUTOZONE INC(AZO)04,506+4,506017,1800.10%+17,180
CHUBB LIMITED
COM
0101,087+101,087030,5270.18%+30,527
FISERV INC(FISV)154,434154,334-10031,72434,0820.20%+2,358
AON PLC(AON)058,658+58,658023,4100.14%+23,410
EXELON CORP(EXC)0272,703+272,703012,5660.07%+12,566
CINTAS CORP(CTAS)099,472+99,472020,4440.12%+20,444
REPUBLIC SVCS INC(RSG)055,087+55,087013,3400.08%+13,340
CONSOLIDATED EDISON INC(ED)0104,042+104,042011,5060.07%+11,506
HOWMET AEROSPACE INC(HWM)0109,845+109,845014,2500.08%+14,250
ALBERTSONS COS INC0117,800+117,80002,5900.01%+2,590
STARBUCKS CORP(SBUX)0308,159+308,159030,2270.17%+30,227
MONDELEZ INTL INC(MDLZ)0350,870+350,870023,8070.14%+23,807
ROPER TECHNOLOGIES INC(ROP)029,111+29,111017,1630.10%+17,163
HESS CORP074,941+74,941011,9700.07%+11,970
CROWDSTRIKE HLDGS INC(CRWD)63,20066,800+3,60021,62523,5520.14%+1,928
HCA HEALTHCARE INC(HCA)048,509+48,509016,7620.10%+16,762
WILLIAMS COS INC(WMB)330,821330,721-10017,90419,7640.11%+1,860
KLA CORP(KLAC)039,768+39,768027,0340.16%+27,034
AMERICAN INTL GROUP INC0173,867+173,867015,1160.09%+15,116
ZOOM COMMUNICATIONS INC(ZM)147,966187,966+40,00012,07613,8660.08%+1,791
ATI INC(ATI)034,100+34,10001,7740.01%+1,774
YUM BRANDS INC(YUM)075,714+75,714011,9140.07%+11,914
CONOCOPHILLIPS(COP)0381,328+381,328040,0470.23%+40,047
DUTCH BROS INC(BROS)180,000180,00009,42811,1130.06%+1,685
CAVA GROUP INC(CAVA)019,200+19,20001,6590.01%+1,659
CROWN CASTLE INC(CCI)0117,852+117,852012,2840.07%+12,284
EXPAND ENERGY CORPORATION(EXE)64,90672,200+7,2946,4618,0370.05%+1,576
BATH BODY WORKS INC051,800+51,80001,5710.01%+1,571
MAPLEBEAR INC(CART)038,700+38,70001,5440.01%+1,544
PROLOGIS INC(PLD)0251,467+251,467028,1110.16%+28,111
AUTOMATIC DATA PROCESSING IN0124,303+124,303037,9780.22%+37,978
ALASKA AIR GROUP INC029,500+29,50001,4520.01%+1,452
VENTAS INC(VTR)0118,605+118,60508,1550.05%+8,155
NORTHROP GRUMMAN CORP(NOC)036,918+36,918018,9020.11%+18,902
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