State of Michigan Retirement System
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 30, 2026), State of Michigan Retirement System reported 960 stock positions worth $22.6 billion. Its top holding was Nvidia (NVDA) at 6.3% of the portfolio, followed by Apple (AAPL, 4.9%) and Microsoft (MSFT, 3.3%). Compared with Q1 2026, it opened 31 new positions, sold out of 15, added to 150 and reduced 745. The biggest buy was Advanced Micro Devices (AMD, shares +28%) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- EAST LANSING, MI
- CIK
- 0000762152
- Portfolio Value
- $22.6B (Q2 2026)
- SEC Filing
- 0000762152-26-000012 ↗ filed Jul 30, 2026
Holdings Value
Holdings 960 stocks · $22.6B
| NVDA Nvidia Corp. | 6.33% | 7,144,304 | $1.4B | Reduce -1.4% |
| AAPL Apple Inc. | 4.91% | 3,830,399 | $1.1B | Reduce -1.8% |
| MSFT Microsoft Corp. | 3.35% | 2,026,202 | $755.8M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 2.79% | 2,647,879 | $631.1M | Reduce -2.0% |
| AVGO Broadcom Inc. | 2.73% | 1,634,642 | $617.5M | Reduce -3.2% |
| GOOGL Alphabet Inc. Class A | 2.50% | 1,578,570 | $564.1M | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 2.44% | 1,560,960 | $551.5M | Reduce -0.8% |
| AMD Advanced Micro Devices | 2.03% | 790,453 | $459.2M | Add +28.0% |
| MTUM iShares MSCI USA Momentum Fa | 1.98% | 1,301,990 | $446.4M | Reduce -2.8% |
| MU Micron Technology Inc. | 1.91% | 374,042 | $431.8M | Add +1.8% |
| META Meta Platforms Inc. Class A | 1.90% | 762,054 | $429.3M | Reduce -10.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.48% | 3,072,400 | $335.1M | Add +41.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.35% | 407,152 | $304.0M | Add +50.3% |
| TSLA Tesla Inc. | 1.34% | 720,857 | $303.2M | Reduce -1.9% |
| ADBE Adobe Inc. | 1.22% | 1,349,261 | $276.6M | Add +64.4% |
| LLY Eli Lilly & Co. | 1.13% | 212,904 | $255.4M | Reduce -1.3% |
| JPM JPMorgan Chase & Co. | 0.99% | 686,031 | $224.6M | Reduce -2.6% |
| HUBS HubSpot Inc. | 0.96% | 1,188,887 | $217.0M | Add +1017.4% |
| INTC Intel Corp. | 0.75% | 1,209,653 | $168.9M | Reduce -21.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.73% | 329,329 | $164.8M | Reduce -3.0% |
| JNJ Johnson & Johnson | 0.72% | 642,467 | $163.2M | Reduce -1.6% |
| KR Kroger Co. | 0.72% | 2,929,710 | $162.7M | Add +28.2% |
| AMAT Applied Materials Inc. | 0.71% | 223,051 | $161.3M | Reduce -12.6% |
| LRCX Lam Research Corp. | 0.69% | 358,800 | $155.5M | Reduce -0.8% |
| V Visa Inc. Class A | 0.69% | 453,023 | $155.4M | Reduce -2.7% |
| CHTR Charter Communications Inc. Class A | 0.67% | 1,070,397 | $152.2M | Add +148.0% |
| XOM Exxon Mobil Corp. | 0.67% | 1,106,818 | $151.3M | Add +1.4% |
| DUOL Duolingo | 0.67% | 1,306,107 | $150.2M | Add +9.4% |
| VRT Vertiv Holdings Co. Class A | 0.61% | 410,590 | $137.5M | Add +3.8% |
| CSCO Cisco Systems Inc. | 0.60% | 1,154,062 | $135.6M | Reduce -5.7% |
| WMT Walmart Inc. | 0.58% | 1,151,220 | $130.4M | Reduce -1.7% |
| CAT Caterpillar Inc. | 0.56% | 117,972 | $125.6M | Reduce -8.9% |
| MA Mastercard Inc. Class A | 0.54% | 237,681 | $122.1M | Reduce -0.8% |
| KLAC KLA Corp. | 0.51% | 378,480 | $114.2M | Reduce -2.4% |
| ABBV Abbvie Inc. | 0.50% | 452,408 | $113.8M | Reduce -2.0% |
| PLTR Palantir Technologies Inc. Class A | 0.49% | 948,281 | $110.6M | Add +8.2% |
| COST Costco Wholesale Corp. | 0.49% | 117,369 | $109.8M | Reduce -1.9% |
| BAC Bank of America Corp. | 0.45% | 1,798,812 | $102.5M | Reduce -2.7% |
| GE General Electric filed as GE AEROSPACE | 0.44% | 267,161 | $99.8M | Reduce -2.5% |
| UNH Unitedhealth Group Inc. | 0.43% | 232,519 | $96.6M | Reduce -17.4% |
| ANET Arista Networks Inc. | 0.43% | 566,692 | $96.3M | Add +5.7% |
| SECU Ishrs Secur Incom Act ETF | 0.42% | 1,900,000 | $94.7M | New |
| IJH iShares Core S&P Midcap ETF | 0.41% | 1,194,710 | $92.1M | Add +5.6% |
| QUAL iShares MSCI USA Quality Fac | 0.41% | 419,649 | $92.1M | Add +29.3% |
| PG The Procter & Gamble Co. | 0.40% | 614,537 | $90.1M | Reduce -1.7% |
| HD Home Depot Inc. | 0.40% | 254,984 | $89.9M | Reduce -2.0% |
| AGG iShares Core U.S. Aggregate | 0.39% | 900,000 | $89.1M | New |
| KBDC Kayne Anderson BDC Inc. | 0.39% | 6,566,762 | $88.8M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.38% | 116 | $86.9M | No change |
| SNDK Sandisk Corp. | 0.38% | 37,901 | $86.2M | Reduce -1.8% |
| MRK Merck & Co. Inc. | 0.38% | 663,390 | $85.2M | Reduce -8.3% |
| PANW Palo Alto Networks Inc. | 0.37% | 244,039 | $83.2M | Add +15.6% |
| KO The Coca-Cola Co. | 0.37% | 1,021,448 | $83.0M | Reduce -1.6% |
| NFLX Netflix Inc. | 0.37% | 1,155,690 | $82.5M | Reduce -0.6% |
| GEV GE Vernova Inc. | 0.36% | 69,840 | $82.1M | Reduce -0.8% |
| HIMS Hims & Hers Health Inc. | 0.36% | 2,346,282 | $81.3M | Add +0.3% |
| CVX Chevron Corp. | 0.35% | 479,339 | $79.5M | Reduce -2.1% |
| GS Goldman Sachs Group Inc. | 0.34% | 75,567 | $76.4M | Reduce -3.6% |
| PM Philip Morris International | 0.32% | 399,058 | $72.2M | Reduce -1.9% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.32% | 900,000 | $72.0M | New |
| TXN Texas Instruments Inc. | 0.31% | 233,061 | $69.5M | Reduce -1.7% |
| WFC Wells Fargo & Co. | 0.31% | 835,149 | $69.0M | Reduce -2.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 240,640 | $67.7M | Reduce -1.4% |
| C Citigroup Inc. | 0.30% | 480,136 | $67.2M | Reduce -5.1% |
| MRVL Marvell Technology Inc. | 0.30% | 224,200 | $66.8M | New |
| RTX RTX Corp. | 0.29% | 344,800 | $65.4M | Reduce -1.6% |
| LIN Linde PLC | 0.29% | 125,304 | $65.0M | Reduce -1.3% |
| MS Morgan Stanley | 0.28% | 306,926 | $64.2M | Reduce -2.4% |
| APH Amphenol Corp. Class A | 0.28% | 363,574 | $64.1M | Reduce -1.6% |
| ORCL Oracle Corp. | 0.28% | 434,432 | $63.7M | Reduce -1.9% |
| FDS Factset Research Systems Inc. | 0.27% | 265,428 | $61.1M | Add +8.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.27% | 79,334 | $60.5M | Add +20.4% |
| MBB iShares MBS ETF | 0.25% | 600,000 | $56.7M | No change |
| WDC Western Digital Corp. | 0.25% | 88,257 | $56.4M | Reduce -14.0% |
| QCOM Qualcomm Inc. | 0.25% | 304,066 | $56.2M | Reduce -8.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.25% | 117,600 | $56.2M | Reduce -11.0% |
| STX Seagate Technology Holdings | 0.25% | 57,405 | $55.4M | Add +0.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 365,082 | $55.3M | Add +5.0% |
| VZ Verizon Communications Inc. | 0.24% | 1,294,850 | $54.8M | Add +1.0% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.23% | 565,479 | $51.3M | New |
| MOH Molina Healthcare Inc. | 0.23% | 224,044 | $51.2M | No change |
| GLW Corning Inc. | 0.23% | 200,499 | $51.2M | Reduce -1.7% |
| AMGN Amgen Inc. | 0.22% | 138,197 | $50.0M | Reduce -1.8% |
| ADI Analog Devices Inc. | 0.22% | 124,955 | $49.6M | Reduce -2.1% |
| EWW iShares MSCI Mexico ETF | 0.22% | 656,000 | $49.4M | New |
| MCD McDonald's Corp. | 0.22% | 181,915 | $49.2M | Reduce -2.2% |
| PEP Pepsico Inc. | 0.21% | 358,222 | $48.5M | Reduce -1.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 501,266 | $48.2M | Add +0.9% |
| TMO Thermo Fisher Scientific Inc. | 0.21% | 95,110 | $47.7M | Reduce -3.1% |
| NEE Nextera Energy Inc. | 0.21% | 533,898 | $46.9M | Reduce -1.9% |
| AXP American Express Co. | 0.20% | 136,277 | $46.1M | Reduce -2.6% |
| ETN Eaton Corp. PLC | 0.20% | 106,856 | $45.5M | Add +5.3% |
| T AT&T Inc. | 0.20% | 2,168,813 | $44.9M | Add +1.2% |
| BA The Boeing Co. | 0.19% | 201,796 | $43.7M | Reduce -1.7% |
| VLUE iShares MSCI USA Value Facto | 0.19% | 218,300 | $43.6M | Reduce -22.0% |
| GILD Gilead Sciences Inc. | 0.19% | 333,195 | $42.1M | Add +2.8% |
| UNP Union Pacific Corp. | 0.18% | 152,045 | $41.4M | Reduce -1.9% |
| OSCR Oscar Health Inc. Class A | 0.18% | 1,450,000 | $41.4M | No change |
| WELL Welltower Inc. | 0.18% | 180,709 | $41.0M | Reduce -0.9% |
| DE Deere & Co. | 0.18% | 64,357 | $40.8M | Reduce -2.3% |
Portfolio Sells Q1 2026 → Q2 2026
| MSFT Microsoft Corp. | Reduce -1.5% | 3.35% | −0.68 |
| META Meta Platforms Inc. Class A | Reduce -10.3% | 1.90% | −0.67 |
| TDG Transdigm Group Inc. | Reduce -81.1% | 0.08% | −0.38 |
| NVDA Nvidia Corp. | Reduce -1.4% | 6.33% | −0.35 |
| AAPL Apple Inc. | Reduce -1.8% | 4.91% | −0.32 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.31 |
| NFLX Netflix Inc. | Reduce -0.6% | 0.37% | −0.23 |
| CI The Cigna Group | Reduce -65.1% | 0.10% | −0.22 |
| WMT Walmart Inc. | Reduce -1.7% | 0.58% | −0.19 |
| CVX Chevron Corp. | Reduce -2.1% | 0.35% | −0.18 |
| AMZN Amazon.com Inc. | Reduce -2.0% | 2.79% | −0.18 |
| COST Costco Wholesale Corp. | Reduce -1.9% | 0.49% | −0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.0% | 0.73% | −0.13 |
| JNJ Johnson & Johnson | Reduce -1.6% | 0.72% | −0.12 |
| HON Honeywell International Inc. | Reduce -2.2% | 0.08% | −0.12 |
| TSLA Tesla Inc. | Reduce -1.9% | 1.34% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -2.6% | 0.99% | −0.10 |
| MA Mastercard Inc. Class A | Reduce -0.8% | 0.54% | −0.09 |
| MCD McDonald's Corp. | Reduce -2.2% | 0.22% | −0.09 |
| PEP Pepsico Inc. | Reduce -1.9% | 0.21% | −0.08 |
| CRM Salesforce Inc. | Reduce -6.6% | 0.16% | −0.08 |
| MRK Merck & Co. Inc. | Reduce -8.3% | 0.38% | −0.08 |
| COP Conocophillips | Reduce -2.5% | 0.14% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -1.7% | 0.40% | −0.08 |
| BABA Alibaba Group Holding-SP ADR | Reduce -25.3% | 0.07% | −0.08 |
| ABT Abbott Laboratories | Reduce -5.4% | 0.18% | −0.08 |
| ISRG Intuitive Surgical Inc. | Reduce -2.0% | 0.18% | −0.07 |
| NKE Nike Inc. Class B | Reduce -33.5% | 0.06% | −0.07 |
| ICE Intercontinental Exchange Inc. | Reduce -1.5% | 0.12% | −0.07 |
| RTX RTX Corp. | Reduce -1.6% | 0.29% | −0.07 |
| ORCL Oracle Corp. | Reduce -1.9% | 0.28% | −0.06 |
| NEE Nextera Energy Inc. | Reduce -1.9% | 0.21% | −0.06 |
| CME Cme Group Inc. | Reduce -1.6% | 0.09% | −0.06 |
| NEM Newmont Corp. | Reduce -6.4% | 0.12% | −0.06 |
| BSX Boston Scientific Corp. | Reduce -1.8% | 0.07% | −0.06 |
| V Visa Inc. Class A | Reduce -2.7% | 0.69% | −0.06 |
| LMT Lockheed Martin Corp. | Reduce -0.9% | 0.13% | −0.06 |
| HD Home Depot Inc. | Reduce -2.0% | 0.40% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -2.0% | 0.31% | −0.05 |
| KO The Coca-Cola Co. | Reduce -1.6% | 0.37% | −0.05 |
| TMUS T-Mobile US Inc. | Reduce -3.7% | 0.09% | −0.05 |
| NOC Northrop Grumman Corp. | Reduce -1.7% | 0.08% | −0.05 |
| SLB SLB Ltd. | Reduce -14.2% | 0.08% | −0.04 |
| LIN Linde PLC | Reduce -1.3% | 0.29% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.1% | 0.21% | −0.04 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -2.2% | 0.14% | −0.04 |
| SPGI S&P Global Inc. | Reduce -3.0% | 0.14% | −0.04 |
| AMGN Amgen Inc. | Reduce -1.8% | 0.22% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -0.6% | 0.18% | −0.04 |
Portfolio Buys Q1 2026 → Q2 2026
| AMD Advanced Micro Devices | Add +28.0% | 2.03% | +1.37 |
| MU Micron Technology Inc. | Add +1.8% | 1.91% | +1.26 |
| HUBS HubSpot Inc. | Add +1017.4% | 0.96% | +0.82 |
| SECU Ishrs Secur Incom Act ETF | New | 0.42% | +0.42 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +50.3% | 1.35% | +0.42 |
| AGG iShares Core U.S. Aggregate | New | 0.39% | +0.39 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.32% | +0.32 |
| MRVL Marvell Technology Inc. | New | 0.30% | +0.30 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +41.4% | 1.48% | +0.23 |
| SPTM SS SPDR P S&P 1500 Comp ETF | New | 0.23% | +0.23 |
| EWW iShares MSCI Mexico ETF | New | 0.22% | +0.22 |
| PANW Palo Alto Networks Inc. | Add +15.6% | 0.37% | +0.19 |
| CHTR Charter Communications Inc. Class A | Add +148.0% | 0.67% | +0.18 |
| ADBE Adobe Inc. | Add +64.4% | 1.22% | +0.17 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +20.4% | 0.27% | +0.13 |
| STX Seagate Technology Holdings | Add +0.7% | 0.25% | +0.13 |
| HIMS Hims & Hers Health Inc. | Add +0.3% | 0.36% | +0.10 |
| MCK McKesson Corp. | New | 0.10% | +0.10 |
| ZTS Zoetis Inc. | Add +344.9% | 0.16% | +0.09 |
| VRT Vertiv Holdings Co. Class A | Add +3.8% | 0.61% | +0.09 |
| QUAL iShares MSCI USA Quality Fac | Add +29.3% | 0.41% | +0.08 |
| ANET Arista Networks Inc. | Add +5.7% | 0.43% | +0.08 |
| COHR Coherent Corp. | Add +55.3% | 0.13% | +0.07 |
| CAH Cardinal Health Inc. | New | 0.06% | +0.06 |
| COR Cencora Inc. | New | 0.06% | +0.06 |
| DDOG Datadog Inc. Class A | Add +9.7% | 0.11% | +0.06 |
| SOFI Sofi Technologies Inc. | Add +64.9% | 0.13% | +0.05 |
| DUOL Duolingo | Add +9.4% | 0.67% | +0.04 |
| TWST Twist Bioscience Corp. | Add +15.8% | 0.08% | +0.04 |
| FLEX Flex Ltd. | Add +7.7% | 0.08% | +0.04 |
| SHOP Shopify Inc. Class A | Add +87.9% | 0.09% | +0.03 |
| NET Cloudflare Inc. Class A | New | 0.03% | +0.03 |
| CVS CVS Health Corp. | Add +0.9% | 0.17% | +0.03 |
| VEEV Veeva Systems Inc. Class A | Add +2642.9% | 0.03% | +0.03 |
| TER Teradyne Inc. | Add +5.4% | 0.09% | +0.03 |
| HOOD Robinhood Markets Inc. Class A | Add +5.7% | 0.10% | +0.02 |
| ROKU Roku Inc. | New | 0.02% | +0.02 |
| CDE Coeur Mining Inc. | New | 0.02% | +0.02 |
| CRSP Crispr Therapeutics AG | New | 0.02% | +0.02 |
| SPOT Spotify Technology SA | Add +43.2% | 0.16% | +0.02 |
| CNC Centene Corp. | Add +6.1% | 0.04% | +0.02 |
| GNRC Generac Holdings Inc. | Add +69.2% | 0.03% | +0.02 |
| APO Apollo Global Management Inc. | Add +37.9% | 0.09% | +0.02 |
| FIX Comfort Systems USA Inc. | Add +1.0% | 0.09% | +0.02 |
| SMTC Semtech Corp. | New | 0.02% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.01% | +0.01 |
| PWR Quanta Services Inc. | Add +2.6% | 0.13% | +0.01 |
| SANM Sanmina Corp. | New | 0.01% | +0.01 |
| DOCN Digitalocean Holdings Inc. | New | 0.01% | +0.01 |
| DAL Delta Air Lines Inc. | Add +0.3% | 0.08% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 960 | $22.6B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q1 2026 | 941 | $18.9B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q4 2025 | 935 | $20.6B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q3 2025 | 944 | $20.8B | NVDA, MSFT, AAPL, SPY, AMZN |
| Q2 2025 | 944 | $19.3B | NVDA, MSFT, AAPL, SPY, AMZN |
| Q1 2025 | 944 | $17.3B | AAPL, NVDA, MSFT, SPY, AMZN |
| Q4 2024 | 951 | $19.2B | SPY, NVDA, AAPL, MSFT, AMZN |
| Q3 2024 | 950 | $20.2B | SPY, NVDA, MSFT, AAPL, AMZN |
| Q2 2024 | 950 | $19.5B | SPY, MSFT, NVDA, AAPL, AMZN |
| Q1 2024 | 955 | $18.6B | SPY, MSFT, NVDA, AAPL, AMZN |