Fund Holdings — STATE OF MICHIGAN RETIREMENT SYSTEM

Total Portfolio Value
$20.81B
Total Bought
$686.54M
Total Sold
$1.97B
Net Transaction
-$1.29B
Filing Period:
Securities
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SharesValue ($K)
Q2 2025
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Q3 2025
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Change
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Q2 2025
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Q3 2025
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Weight (%)
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Change
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NVIDIA CORPORATION(NVDA)8,440,1608,358,960-81,2001,333,4611,559,6157.50%+226,154
APPLE INC(AAPL)4,383,0994,335,499-47,600899,2801,103,9485.31%+204,668
ALPHABET INC(GOOG)2,011,2802,001,980-9,300354,448486,6812.34%+132,233
ALPHABET INC(GOOG)1,608,6601,595,060-13,600285,360388,4771.87%+103,117
BROADCOM INC(AVGO)1,911,5601,905,060-6,500526,922628,4983.02%+101,577
TESLA INC(TSLA)761,957758,957-3,000242,043337,5231.62%+95,480
SPDR S P 500 ETF TR(SPY)1,215,2401,231,740+16,500750,836820,5613.94%+69,725
MICROSOFT CORP(MSFT)2,258,9672,295,767+36,8001,123,6331,189,0935.71%+65,460
APPLOVIN CORP(APP)4,20077,400+73,2001,47055,6150.27%+54,145
HIMS HERS HEALTH INC(HIMS)1,379,1002,057,700+678,60068,748116,7130.56%+47,965
PALANTIR TECHNOLOGIES INC(PLTR)938,400895,100-43,300127,923163,2840.78%+35,361
ROBINHOOD MKTS INC(HOOD)0209,300+209,300029,9680.14%+29,968
ORACLE CORP(ORCL)442,232448,232+6,00096,685126,0610.61%+29,376
JPMORGAN CHASE CO(JPM)925,631943,631+18,000268,350297,6501.43%+29,300
OSCAR HEALTH INC(OSCR)01,450,000+1,450,000027,4490.13%+27,449
ISHARES TR
MSCI USA MMENTM
1,206,0901,223,490+17,400289,848313,7641.51%+23,916
ARISTA NETWORKS INC(ANET)544,156542,856-1,30055,67379,1000.38%+23,427
JOHNSON JOHNSON(JNJ)680,867677,967-2,900104,002125,7090.60%+21,706
ABBVIE INC(ABBV)480,308477,808-2,50089,155110,6320.53%+21,477
KROGER CO(KR)298,987596,887+297,90021,44640,2360.19%+18,790
INTEL CORP(INTC)1,599,9831,597,683-2,30035,84053,6020.26%+17,763
CHEVRON CORP NEW(CVX)441,615520,539+78,92463,23580,8350.39%+17,600
ALIBABA GROUP HLDG LTD(BABA)257,000257,000029,14645,9340.22%+16,787
ADVANCED MICRO DEVICES INC(AMD)857,600855,700-1,900121,693138,4440.67%+16,750
ISHARES INC0538,350+538,350016,6890.08%+16,689
MICRON TECHNOLOGY INC(MU)371,442370,242-1,20045,78061,9490.30%+16,169
LAM RESEARCH CORP(LRCX)377,100371,600-5,50036,70749,7570.24%+13,050
DATADOG INC(DDOG)087,400+87,400012,4460.06%+12,446
HOME DEPOT INC(HD)330,284329,084-1,200121,095133,3420.64%+12,246
GE AEROSPACE(GE)289,961286,761-3,20074,63386,2630.41%+11,630
CATERPILLAR INC(CAT)135,072133,872-1,20052,43663,8770.31%+11,441
BLOCK INC(XYZ)141,246289,846+148,6009,59520,9470.10%+11,352
BANK AMERICA CORP1,902,2121,963,412+61,20090,013101,2920.49%+11,280
AMPHENOL CORP NEW414,274415,574+1,30040,91051,4270.25%+10,518
CITIGROUP INC(C)563,236553,336-9,90047,94356,1640.27%+8,221
RTX CORPORATION(RTX)392,232390,932-1,30057,27465,4150.31%+8,141
UNITEDHEALTH GROUP INC(UNH)256,819255,119-1,70080,12088,0930.42%+7,973
THERMO FISHER SCIENTIFIC INC(TMO)102,610102,110-50041,60449,5250.24%+7,921
NEWMONT CORP(NEM)320,845315,245-5,60018,69226,5780.13%+7,886
TAIWAN SEMICONDUCTOR MFG LTD(TSM)148,200148,200033,56641,3910.20%+7,825
ISHARES TR
MSCI USA QLT FCT
220,349246,349+26,00040,28447,9150.23%+7,631
CORNING INC(GLW)254,959256,159+1,20013,40821,0130.10%+7,604
WALMART INC(WMT)1,174,8201,187,120+12,300114,874122,3450.59%+7,471
TJX COS INC NEW(TJX)349,882347,982-1,90043,20750,2970.24%+7,090
KLA CORP(KLAC)39,86839,568-30035,71142,6780.21%+6,967
TOAST INC(TOST)0183,000+183,00006,6810.03%+6,681
WARNER BROS DISCOVERY INC(WBD)686,325743,725+57,4007,86514,5250.07%+6,660
GOLDMAN SACHS GROUP INC(GS)87,57385,973-1,60061,98068,4650.33%+6,485
WELLTOWER INC(WELL)168,909180,909+12,00025,96632,2270.15%+6,261
GRAYSCALE ETHEREUM TRUST ETF(ETHE)460,000460,00009,59615,7640.08%+6,169
NU HLDGS LTD(NU)0380,700+380,70006,0950.03%+6,095
WESTERN DIGITAL CORP(WDC)110,757109,757-1,0007,08713,1770.06%+6,090
GE VERNOVA INC(GEV)74,24073,640-60039,28445,2810.22%+5,997
THE TRADE DESK INC(TTD)0120,500+120,50005,9060.03%+5,906
VERTIV HOLDINGS CO(VRT)239,300239,300030,72936,1010.17%+5,372
SEAGATE TECHNOLOGY HLDNGS PL
ORD SHS
57,70557,505-2008,32913,5750.07%+5,246
APPLIED MATLS INC273,355269,455-3,90050,04355,1680.27%+5,125
MORGAN STANLEY(MS)335,926328,126-7,80047,31952,1590.25%+4,840
TE CONNECTIVITY PLC(TEL)97,62396,923-70016,46621,2780.10%+4,811
ICON PLC(ICLR)69,67085,070+15,40010,13414,8870.07%+4,754
NUTANIX INC(NTNX)063,800+63,80004,7460.02%+4,746
TALEN ENERGY CORP(TLN)010,900+10,90004,6370.02%+4,637
BERKSHIRE HATHAWAY INC DEL346,529344,029-2,500168,333172,9570.83%+4,624
GENERAL MTRS CO(GM)413,408409,408-4,00020,34424,9620.12%+4,618
D R HORTON INC(DHI)108,699108,499-20014,01318,3870.09%+4,374
BLACKSTONE INC(BX)198,400199,300+90029,67734,0500.16%+4,374
LOWES COS INC(LOW)152,170151,570-60033,76238,0910.18%+4,329
DOORDASH INC(DASH)93,200100,100+6,90022,97527,2260.13%+4,251
BLACKROCK INC(BLK)41,67141,071-60043,72347,8830.23%+4,160
ISHARES TR2,172,4002,172,4000238,117242,1571.16%+4,041
SHOPIFY INC(SHOP)117,200117,200013,51917,4170.08%+3,898
TRANSUNION(TRU)046,400+46,40003,8870.02%+3,887
TECHNIPFMC PLC(FTI)097,900+97,90003,8620.02%+3,862
CUMMINS INC(CMI)40,83740,637-20013,37417,1640.08%+3,790
OREILLY AUTOMOTIVE INC(ORLY)232,445229,445-3,00020,95024,7360.12%+3,786
NORTHROP GRUMMAN CORP(NOC)36,81836,418-40018,40822,1900.11%+3,782
KRATOS DEFENSE SEC SOLUTIO(KTOS)040,200+40,20003,6730.02%+3,673
EXXON MOBIL CORP1,171,9181,153,018-18,900126,333130,0030.62%+3,670
UNITED RENTALS INC(URI)19,55419,254-30014,73218,3810.09%+3,649
SIMON PPTY GROUP INC NEW(SPG)100,349105,249+4,90016,13219,7520.09%+3,620
TWILIO INC(TWLO)8,90045,400+36,5001,1074,5440.02%+3,437
GENERAL DYNAMICS CORP(GD)68,51268,312-20019,98223,2940.11%+3,312
VALERO ENERGY CORP(VLO)97,16296,062-1,10013,06116,3560.08%+3,295
MASTERCARD INCORPORATED(MA)252,081254,781+2,700141,654144,9220.70%+3,268
BANK NEW YORK MELLON CORP204,355200,555-3,80018,61921,8520.11%+3,234
CADENCE DESIGN SYSTEM INC(CDNS)78,82378,323-50024,28927,5120.13%+3,222
NEXTERA ENERGY INC(NEE)559,798556,898-2,90038,86142,0400.20%+3,179
ALTRIA GROUP INC(MO)458,042454,342-3,70026,85530,0140.14%+3,159
SYNOPSYS INC(SNPS)42,02750,054+8,02721,54624,6960.12%+3,150
BITMINE IMMERSION TECNOLOGIE(BMNP)060,000+60,00003,1160.01%+3,116
L3HARRIS TECHNOLOGIES INC(LHX)55,63055,430-20013,95416,9290.08%+2,975
BERKSHIRE HATHAWAY INC DEL116116084,54187,4870.42%+2,946
MERCK CO INC(MRK)745,090737,790-7,30058,98161,9230.30%+2,941
PEPSICO INC(PEP)385,822383,222-2,60050,94453,8200.26%+2,876
SEMPRA(SRE)201,920201,020-90015,29918,0880.09%+2,788
ISHARES TR
MSCI USA VALUE
566,800535,000-31,80064,16766,9020.32%+2,734
BAKER HUGHES COMPANY(BKR)269,412266,612-2,80010,32912,9890.06%+2,660
AUTOZONE INC(AZO)4,5064,506016,72719,3320.09%+2,605
MEDTRONIC PLC(MDT)348,698346,498-2,20030,39633,0000.16%+2,604
MONOLITHIC PWR SYS INC(MPWR)14,17014,070-10010,36412,9530.06%+2,590
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STATE OF MICHIGAN RETIREMENT SYSTEM — 13F Holdings — Q3 2025 | TickerTrail