STATE OF MICHIGAN RETIREMENT SYSTEM
Securities ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | |
| BERKSHIRE HATHAWAY INC DEL | 0 | 339,629 | +339,629 | 0 | 162,750,217 | +162,750,217 |
| ADOBE INC | 123,223 | 820,823 | +697,600 | 43,126,818 | 199,525,655 | +156,398,837 |
| CHARTER COMMUNICATIONS INC | 26,197 | 431,582 | +405,385 | 5,468,624 | 93,169,922 | +87,701,298 |
| KROGER CO | 1,392,587 | 2,285,087 | +892,500 | 87,008,836 | 165,348,895 | +78,340,059 |
| GE AEROSPACE | 0 | 273,961 | +273,961 | 0 | 77,741,913 | +77,741,913 |
| LAM RESEARCH CORP | 0 | 361,600 | +361,600 | 0 | 77,259,456 | +77,259,456 |
| VERTIV HOLDINGS CO | 239,300 | 395,600 | +156,300 | 38,768,993 | 99,129,448 | +60,360,455 |
| CITIGROUP INC | 0 | 505,936 | +505,936 | 0 | 57,378,202 | +57,378,202 |
| KLA CORP | 0 | 38,768 | +38,768 | 0 | 57,082,391 | +57,082,391 |
| EXXON MOBIL CORP | 1,104,018 | 1,091,718 | -12,300 | 132,857,526 | 185,220,876 | +52,363,350 |
| MORGAN STANLEY | 0 | 314,326 | +314,326 | 0 | 51,728,630 | +51,728,630 |
| INTUITIVE SURGICAL INC | 0 | 104,153 | +104,153 | 0 | 48,013,491 | +48,013,491 |
| FACTSET RESH SYS INC | 39,235 | 244,523 | +205,288 | 11,385,605 | 53,059,046 | +41,673,441 |
| MOLINA HEALTHCARE INC | 13,432 | 224,044 | +210,612 | 2,330,989 | 29,865,065 | +27,534,076 |
| SPOTIFY TECHNOLOGY S A | 0 | 56,031 | +56,031 | 0 | 27,169,992 | +27,169,992 |
| DUKE ENERGY CORP NEW | 0 | 203,136 | +203,136 | 0 | 26,598,628 | +26,598,628 |
| CHEVRON CORPORATION | 495,539 | 489,639 | -5,900 | 75,525,099 | 101,306,309 | +25,781,210 |
| JOHNSON JOHNSON | 654,467 | 653,167 | -1,300 | 135,441,946 | 159,660,141 | +24,218,195 |
| US BANCORP | 0 | 435,982 | +435,982 | 0 | 22,675,424 | +22,675,424 |
| APPLIED MATLS INC | 256,255 | 255,055 | -1,200 | 65,854,972 | 87,175,248 | +21,320,276 |
| MOTOROLA SOLUTIONS INC | 0 | 46,408 | +46,408 | 0 | 20,139,680 | +20,139,680 |
| MICRON TECHNOLOGY INC | 367,142 | 367,342 | +200 | 104,785,998 | 124,102,821 | +19,316,823 |
| DUOLINGO INC | 560,500 | 1,193,307 | +632,807 | 98,367,750 | 117,624,271 | +19,256,521 |
| ROYAL CARIBBEAN GROUP | 0 | 65,701 | +65,701 | 0 | 18,079,601 | +18,079,601 |
| CATERPILLAR INC | 130,472 | 129,572 | -900 | 74,743,495 | 91,796,579 | +17,053,084 |
| SANDISK CORP | 36,401 | 38,601 | +2,200 | 8,640,869 | 24,524,759 | +15,883,890 |
| NXP SEMICONDUCTORS N V | 0 | 76,868 | +76,868 | 0 | 15,132,234 | +15,132,234 |
| GE VERNOVA INC | 71,040 | 70,440 | -600 | 46,429,613 | 61,487,076 | +15,057,463 |
| WALMART INC | 1,174,420 | 1,171,520 | -2,900 | 130,842,132 | 145,596,506 | +14,754,374 |
| CIENA CORP | 0 | 36,800 | +36,800 | 0 | 14,286,864 | +14,286,864 |
| ISHARES TR | 245,049 | 324,549 | +79,500 | 48,671,632 | 62,251,744 | +13,580,112 |
| INTEL CORP | 1,494,283 | 1,546,983 | +52,700 | 55,139,043 | 68,268,360 | +13,129,317 |
| DELTA AIR LINES INC | 0 | 183,403 | +183,403 | 0 | 12,192,631 | +12,192,631 |
| VERIZON COMMUNICATIONS INC | 1,284,050 | 1,281,850 | -2,200 | 52,299,357 | 64,348,870 | +12,049,513 |
| CONOCOPHILLIPS | 323,528 | 320,028 | -3,500 | 30,285,456 | 42,243,696 | +11,958,240 |
| AMERICAN INTL GROUP INC | 0 | 151,967 | +151,967 | 0 | 11,435,517 | +11,435,517 |
| MERCK CO INC | 724,490 | 723,090 | -1,400 | 76,259,817 | 86,980,496 | +10,720,679 |
| WESTERN DIGITAL CORP | 103,657 | 102,657 | -1,000 | 17,856,991 | 27,767,692 | +9,910,701 |
| CORNING INC | 204,299 | 203,999 | -300 | 17,888,420 | 27,737,744 | +9,849,324 |
| CARNIVAL CORP | 0 | 340,544 | +340,544 | 0 | 8,813,279 | +8,813,279 |
| LINDE PLC | 127,104 | 126,904 | -200 | 54,195,875 | 62,913,927 | +8,718,052 |
| EXPEDIA GROUP INC | 0 | 37,164 | +37,164 | 0 | 8,580,796 | +8,580,796 |
| AT T INC | 2,170,913 | 2,143,713 | -27,200 | 53,925,479 | 62,146,240 | +8,220,761 |
| ISHARES TR | 1,034,810 | 1,131,710 | +96,900 | 68,297,460 | 76,424,376 | +8,126,916 |
| NRG ENERGY INC | 0 | 55,466 | +55,466 | 0 | 8,105,801 | +8,105,801 |
| VALERO ENERGY CORP | 88,962 | 88,762 | -200 | 14,482,124 | 21,931,315 | +7,449,191 |
| LUMENTUM HLDGS INC | 16,728 | 18,700 | +1,972 | 6,165,774 | 13,141,612 | +6,975,838 |
| LOCKHEED MARTIN CORP | 58,118 | 57,718 | -400 | 28,109,933 | 34,884,182 | +6,774,249 |
| NEXTERA ENERGY INC | 545,198 | 543,998 | -1,200 | 43,768,495 | 50,526,534 | +6,758,039 |
| SEAGATE TECHNOLOGY HLDNGS PL | 57,005 | 57,005 | 0 | 15,698,607 | 22,332,279 | +6,633,672 |
| DEERE CO | 65,857 | 65,857 | 0 | 30,661,043 | 37,097,248 | +6,436,205 |
| FLEXTRONICS INTL LTD | 0 | 97,200 | +97,200 | 0 | 6,362,712 | +6,362,712 |
| COCA COLA CO | 1,040,348 | 1,038,148 | -2,200 | 72,730,729 | 78,951,155 | +6,220,426 |
| EOG RES INC | 157,352 | 157,052 | -300 | 16,523,534 | 22,705,008 | +6,181,474 |
| SLB LIMITED | 468,738 | 468,238 | -500 | 17,990,164 | 24,062,751 | +6,072,587 |
| MARATHON PETE CORP | 78,710 | 77,110 | -1,600 | 12,800,607 | 18,828,720 | +6,028,113 |
| LYONDELLBASELL INDUSTRIES NV | 0 | 73,965 | +73,965 | 0 | 5,958,620 | +5,958,620 |
| ANALOG DEVICES INC | 128,755 | 127,655 | -1,100 | 34,918,356 | 40,612,162 | +5,693,806 |
| PHILLIPS 66 | 105,512 | 105,212 | -300 | 13,615,268 | 19,167,522 | +5,552,254 |
| EQUINIX INC | 25,717 | 25,717 | 0 | 19,703,337 | 25,208,832 | +5,505,495 |
| GILEAD SCIENCES INC | 324,795 | 324,095 | -700 | 39,865,338 | 45,169,120 | +5,303,782 |
| PFIZER INC | 1,670,184 | 1,666,884 | -3,300 | 41,587,582 | 46,806,103 | +5,218,521 |
| C H ROBINSON WORLDWIDE IN | 0 | 30,992 | +30,992 | 0 | 5,146,841 | +5,146,841 |
| HONEYWELL INTL INC | 166,215 | 165,815 | -400 | 32,426,884 | 37,479,164 | +5,052,280 |
| AMCOR PLC | 0 | 125,634 | +125,634 | 0 | 4,993,952 | +4,993,952 |
| QUANTA SVCS INC | 39,048 | 38,948 | -100 | 16,480,599 | 21,383,231 | +4,902,632 |
| COHERENT CORP | 37,106 | 49,000 | +11,894 | 6,848,654 | 11,672,290 | +4,823,636 |
| OCCIDENTAL PETE CORP | 202,339 | 201,939 | -400 | 8,320,180 | 13,126,035 | +4,805,855 |
| TEXAS INSTRS INC | 237,861 | 237,061 | -800 | 41,266,505 | 46,023,023 | +4,756,518 |
| FEDEX CORP | 70,467 | 70,167 | -300 | 20,355,098 | 24,992,082 | +4,636,984 |
| WEYERHAEUSER CO | 0 | 188,177 | +188,177 | 0 | 4,597,164 | +4,597,164 |
| COMFORT SYS USA INC | 10,000 | 10,000 | 0 | 9,332,900 | 13,789,900 | +4,457,000 |
| TERADYNE INC | 41,035 | 40,935 | -100 | 7,942,735 | 12,135,590 | +4,192,855 |
| PEPSICO INC | 366,122 | 365,122 | -1,000 | 52,545,829 | 56,699,795 | +4,153,966 |
| ANNALY CAPITAL MANAGEMENT IN | 0 | 189,531 | +189,531 | 0 | 4,008,581 | +4,008,581 |
| WILLIAMS COS INC | 319,721 | 319,021 | -700 | 19,218,429 | 23,218,348 | +3,999,919 |
| TENET HEALTHCARE CORP | 0 | 21,193 | +21,193 | 0 | 3,999,331 | +3,999,331 |
| BAKER HUGHES COMPANY | 258,312 | 258,112 | -200 | 11,763,528 | 15,757,738 | +3,994,210 |
| EATON CORP PLC | 101,656 | 101,456 | -200 | 32,378,453 | 36,287,768 | +3,909,315 |
| STRATASYS LTD | 0 | 500,000 | +500,000 | 0 | 3,905,000 | +3,905,000 |
| BRISTOL MYERS SQUIBB CO | 590,933 | 589,933 | -1,000 | 31,874,926 | 35,779,436 | +3,904,510 |
| NORTHROP GRUMMAN CORP | 35,118 | 34,818 | -300 | 20,024,635 | 23,754,232 | +3,729,597 |
| TARGA RES CORP | 56,200 | 56,100 | -100 | 10,368,900 | 14,065,953 | +3,697,053 |
| TEXAS PACIFIC LAND CORPORATI | 19,800 | 19,600 | -200 | 5,686,956 | 9,301,376 | +3,614,420 |
| ALTRIA GROUP INC | 439,442 | 438,542 | -900 | 25,338,226 | 28,939,387 | +3,601,161 |
| KEYSIGHT TECHNOLOGIES INC | 45,031 | 44,831 | -200 | 9,149,849 | 12,658,929 | +3,509,080 |
| DIAMONDBACK ENERGY INC | 64,963 | 66,863 | +1,900 | 9,765,888 | 13,224,833 | +3,458,945 |
| DOW HLDGS INC | 186,111 | 187,411 | +1,300 | 4,351,275 | 7,805,668 | +3,454,393 |
| AMGEN INC | 140,997 | 140,697 | -300 | 46,149,728 | 49,504,239 | +3,354,511 |
| DELL TECHNOLOGIES INC | 92,358 | 91,058 | -1,300 | 11,626,025 | 14,945,350 | +3,319,325 |
| RTX CORPORATION | 351,000 | 350,600 | -400 | 64,373,400 | 67,630,740 | +3,257,340 |
| REINSURANCE GROUP AMER INC | 0 | 15,852 | +15,852 | 0 | 3,236,344 | +3,236,344 |
| SUPER MICRO COMPUTER INC | 0 | 140,400 | +140,400 | 0 | 3,196,908 | +3,196,908 |
| BURLINGTON STORES INC | 84,800 | 85,100 | +300 | 24,494,480 | 27,689,838 | +3,195,358 |
| KRATOS DEFENSE SEC SOLUTIO | 0 | 44,400 | +44,400 | 0 | 3,130,644 | +3,130,644 |
| PINNACLE FINL PARTNERS INC | 0 | 36,206 | +36,206 | 0 | 3,118,785 | +3,118,785 |
| TARGET CORP | 134,122 | 133,522 | -600 | 13,110,426 | 16,182,866 | +3,072,440 |
| KINDER MORGAN INC DEL | 512,545 | 511,445 | -1,100 | 14,089,862 | 17,148,751 | +3,058,889 |
| FREEPORT MCMORAN INC | 375,933 | 375,433 | -500 | 19,093,637 | 22,067,952 | +2,974,315 |
| SELECT SECTOR SPDR TR | 364,188 | 404,788 | +40,600 | 56,376,302 | 59,345,969 | +2,969,667 |