Fund HoldingsSTATE OF MICHIGAN RETIREMENT SYSTEM

Total Portfolio Value
$19.31B
Total Bought
$1.81B
Total Sold
$1.45B
Net Transaction
+$356.57M
Filing Period:
Securities
SharesValue ($K)
Q1 2025
Q2 2025
Change
Q1 2025
Q2 2025
Weight (%)
Change
NVIDIA CORPORATION(NVDA)08,440,160+8,440,16001,333,4616.90%+1,333,461
MICROSOFT CORP(MSFT)02,258,967+2,258,96701,123,6335.82%+1,123,633
BROADCOM INC(AVGO)01,911,560+1,911,5600526,9222.73%+526,922
META PLATFORMS INC(META)0864,814+864,8140638,3113.30%+638,311
SPDR S P 500 ETF TR(SPY)01,215,240+1,215,2400750,8363.89%+750,836
AMAZON COM INC(AMZN)03,142,020+3,142,0200689,3283.57%+689,328
NETFLIX INC(NFLX)171,249171,2490159,695229,3251.19%+69,630
ACCENTURE PLC IRELAND
SHS CLASS A
0182,738+182,738054,6190.28%+54,619
PALANTIR TECHNOLOGIES INC(PLTR)926,100938,400+12,30078,163127,9230.66%+49,760
JPMORGAN CHASE CO(JPM)901,531925,631+24,100221,146268,3501.39%+47,204
HIMS HERS HEALTH INC(HIMS)745,8001,379,100+633,30022,03868,7480.36%+46,710
TESLA INC(TSLA)0761,957+761,9570242,0431.25%+242,043
ALPHABET INC(GOOG)01,608,660+1,608,6600285,3601.48%+285,360
ALPHABET INC(GOOG)02,011,280+2,011,2800354,4481.84%+354,448
ADVANCED MICRO DEVICES INC(AMD)0857,600+857,6000121,6930.63%+121,693
ORACLE CORP(ORCL)0442,232+442,232096,6850.50%+96,685
BIOGEN INC(BIIB)0291,303+291,303036,5850.19%+36,585
ISHARES TR
MSCI USA MMENTM
01,206,090+1,206,0900289,8481.50%+289,848
COINBASE GLOBAL INC(COIN)057,500+57,500020,1530.10%+20,153
CAPITAL ONE FINL CORP(COF)0182,664+182,664038,8640.20%+38,864
VERIZON COMMUNICATIONS INC(VZ)1,296,9501,773,550+476,60058,83076,7420.40%+17,912
ISHARES TR
MSCI USA VALUE
445,900566,800+120,90047,55564,1670.33%+16,612
GE VERNOVA INC(GEV)074,240+74,240039,2840.20%+39,284
MICRON TECHNOLOGY INC(MU)0371,442+371,442045,7800.24%+45,780
GE AEROSPACE(GE)291,161289,961-1,20058,27674,6330.39%+16,357
DISNEY WALT CO(DIS)0506,366+506,366062,7940.33%+62,794
ARISTA NETWORKS INC(ANET)0544,156+544,156055,6730.29%+55,673
SHOPIFY INC(SHOP)0117,200+117,200013,5190.07%+13,519
VERTIV HOLDINGS CO(VRT)239,300239,300017,27730,7290.16%+13,451
SERVICENOW INC(NOW)056,255+56,255057,8350.30%+57,835
ISHARES TR
MSCI USA QLT FCT
0220,349+220,349040,2840.21%+40,284
INTUIT(INTU)075,990+75,990059,8520.31%+59,852
GOLDMAN SACHS GROUP INC(GS)087,573+87,573061,9800.32%+61,980
SPOTIFY TECHNOLOGY S A(SPOT)060,031+60,031046,0640.24%+46,064
AMPHENOL CORP NEW0414,274+414,274040,9100.21%+40,910
UBER TECHNOLOGIES INC(UBER)566,700568,600+1,90041,29053,0500.27%+11,761
WALMART INC(WMT)01,174,820+1,174,8200114,8740.59%+114,874
HOME DEPOT INC(HD)0330,284+330,2840121,0950.63%+121,095
CROWDSTRIKE HLDGS INC(CRWD)66,80067,700+90023,55234,4800.18%+10,928
APPLIED MATLS INC0273,355+273,355050,0430.26%+50,043
TRANSDIGM GROUP INC(TDG)76,19276,292+100105,396116,0130.60%+10,617
CONSTELLATION ENERGY CORP(CEG)085,267+85,267027,5210.14%+27,521
BANK AMERICA CORP01,902,212+1,902,212090,0130.47%+90,013
PHILIP MORRIS INTL INC(PM)421,758423,258+1,50066,94677,0880.40%+10,142
INTUITIVE SURGICAL INC0201,953+201,9530109,7430.57%+109,743
CISCO SYS INC(CSCO)1,311,0621,310,962-10080,90690,9550.47%+10,049
BOOKING HOLDINGS INC(BKNG)08,859+8,859051,2870.27%+51,287
SOFI TECHNOLOGIES INC(SOFI)01,500,000+1,500,000027,3150.14%+27,315
LAM RESEARCH CORP(LRCX)0377,100+377,100036,7070.19%+36,707
TAIWAN SEMICONDUCTOR MFG LTD(TSM)0148,200+148,200033,5660.17%+33,566
EATON CORP PLC(ETN)0106,356+106,356037,9680.20%+37,968
CARNIVAL CORP0312,244+312,24408,7800.05%+8,780
KLA CORP(KLAC)39,76839,868+10027,03435,7110.18%+8,677
BOEING CO(BA)0204,996+204,996042,9530.22%+42,953
MORGAN STANLEY(MS)0335,926+335,926047,3190.24%+47,319
COSTCO WHSL CORP NEW(COST)175,269175,569+300165,766173,8030.90%+8,037
CITIGROUP INC(C)0563,236+563,236047,9430.25%+47,943
AMERICAN EXPRESS CO(AXP)0150,477+150,477047,9990.25%+47,999
ROYAL CARIBBEAN GROUP
COM
067,901+67,901021,2630.11%+21,263
MERCADOLIBRE INC(MELI)11,00011,000021,46028,7500.15%+7,290
TRANSMEDICS GROUP INC(TMDX)0108,000+108,000014,4730.07%+14,473
ARM HOLDINGS PLC0128,200+128,200020,7350.11%+20,735
CATERPILLAR INC(CAT)0135,072+135,072052,4360.27%+52,436
KROGER CO(KR)0298,987+298,987021,4460.11%+21,446
WELLS FARGO CO NEW(WFC)0930,449+930,449074,5480.39%+74,548
TRANE TECHNOLOGIES PLC(TT)064,413+64,413028,1750.15%+28,175
AXON ENTERPRISE INC(AXON)020,100+20,100016,6420.09%+16,642
PALO ALTO NETWORKS INC(PANW)0180,000+180,000036,8350.19%+36,835
SCHWAB CHARLES CORP(SCHW)462,266464,366+2,10036,18642,3690.22%+6,183
HOWMET AEROSPACE INC(HWM)109,845109,745-10014,25020,4270.11%+6,177
DOORDASH INC(DASH)92,00093,200+1,20016,81522,9750.12%+6,160
VISTRA CORP(VST)092,300+92,300017,8890.09%+17,889
RTX CORPORATION(RTX)391,532392,232+70051,86257,2740.30%+5,411
SELECT SECTOR SPDR TR
ST STR CARE ETF
295,988360,588+64,60043,21748,6040.25%+5,386
QUALCOMM INC(QCOM)0340,166+340,166054,1750.28%+54,175
APTIV PLC(APTV)075,749+75,74905,1680.03%+5,168
QUANTA SVCS INC040,248+40,248015,2170.08%+15,217
ANALOG DEVICES INC(ADI)0134,855+134,855032,0980.17%+32,098
VISA INC(V)593,923600,023+6,100208,146213,0381.10%+4,892
IDEXX LABS INC(IDXX)040,755+40,755021,8590.11%+21,859
HDFC BANK LTD(HDB)0224,300+224,300017,1970.09%+17,197
ISHARES TR01,351,510+1,351,510083,8210.43%+83,821
FORTINET INC(FTNT)0197,770+197,770020,9080.11%+20,908
BLACKROCK INC(BLK)041,671+41,671043,7230.23%+43,723
TEXAS INSTRS INC(TXN)0247,061+247,061051,2950.27%+51,295
CADENCE DESIGN SYSTEM INC(CDNS)078,823+78,823024,2890.13%+24,289
AUTODESK INC062,323+62,323019,2930.10%+19,293
OKTA INC(OKTA)040,200+40,20004,0190.02%+4,019
NEWMONT CORP(NEM)308,845320,845+12,00014,91118,6920.10%+3,781
FIDELITY NATIONAL FINANCIAL(FNF)065,600+65,60003,6780.02%+3,678
EMERSON ELEC CO(EMR)0152,920+152,920020,3890.11%+20,389
SEAGATE TECHNOLOGY HLDNGS PL
ORD SHS
057,705+57,70508,3290.04%+8,329
JOHNSON CTLS INTL PLC
SHS
0178,956+178,956018,9010.10%+18,901
NIKE INC(NKE)0464,915+464,915033,0280.17%+33,028
HONEYWELL INTL INC(HON)0174,715+174,715040,6880.21%+40,688
KKR CO INC(KKR)0184,100+184,100024,4910.13%+24,491
NRG ENERGY INC(NRG)053,166+53,16608,5370.04%+8,537
MICROCHIP TECHNOLOGY INC(MCHP)0146,218+146,218010,2890.05%+10,289
PAYPAL HLDGS INC(PYPL)0277,492+277,492020,6230.11%+20,623
PARKER HANNIFIN CORP(PH)034,696+34,696024,2340.13%+24,234
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