State of Michigan Retirement System
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 18, 2024), State of Michigan Retirement System reported 955 stock positions worth $18.6 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.8% of the portfolio, followed by Microsoft (MSFT, 5.6%) and Nvidia (NVDA, 4.4%). Compared with Q4 2023, it opened 16 new positions, sold out of 19, added to 601 and reduced 158. The biggest buy was Nvidia (NVDA, shares +0%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- EAST LANSING, MI
- CIK
- 0000762152
- Portfolio Value
- $18.6B (Q1 2024)
- SEC Filing
- 0000762152-24-000003 ↗ filed Apr 18, 2024
Holdings Value
Holdings 955 stocks · $18.6B
| SPY SS SPDR S&P 500 ETF Trust-US | 8.83% | 3,141,840 | $1.6B | Reduce -7.0% |
| MSFT Microsoft Corp. | 5.63% | 2,487,727 | $1.0B | Add +4.2% |
| NVDA Nvidia Corp. | 4.40% | 905,506 | $818.2M | Add +0.1% |
| AAPL Apple Inc. | 3.97% | 4,310,125 | $739.1M | Reduce -2.8% |
| AMZN Amazon.com Inc. | 2.90% | 2,987,420 | $538.9M | Add +0.5% |
| META Meta Platforms Inc. Class A | 2.25% | 863,614 | $419.4M | Add +4.9% |
| VZ Verizon Communications Inc. | 1.85% | 8,215,050 | $344.7M | Add +0.0% |
| T AT&T Inc. | 1.74% | 18,410,513 | $324.0M | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 1.70% | 2,093,380 | $316.0M | Reduce -9.7% |
| MTUM iShares MSCI USA Momentum Fa | 1.41% | 1,401,240 | $262.5M | Reduce -5.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.27% | 2,172,400 | $236.6M | No change |
| AVGO Broadcom Inc. | 1.24% | 174,466 | $231.2M | Add +3.9% |
| LLY Eli Lilly & Co. | 1.13% | 269,704 | $209.8M | Add +12.6% |
| GOOG Alphabet Inc. Class C | 1.13% | 1,376,060 | $209.5M | Reduce -0.8% |
| NEE Nextera Energy Inc. | 0.97% | 2,812,198 | $179.7M | Add +400.7% |
| AMD Advanced Micro Devices | 0.89% | 913,140 | $164.8M | Add +18.5% |
| V Visa Inc. Class A | 0.88% | 585,523 | $163.4M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 0.85% | 792,131 | $158.7M | Add +0.1% |
| MA Mastercard Inc. Class A | 0.84% | 325,981 | $157.0M | Reduce -10.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.83% | 368,649 | $155.0M | Add +1.0% |
| MBB iShares MBS ETF | 0.78% | 1,565,800 | $144.7M | Add +189.5% |
| TSLA Tesla Inc. | 0.72% | 759,157 | $133.5M | Add +0.3% |
| UNH Unitedhealth Group Inc. | 0.70% | 262,419 | $129.8M | Reduce -15.9% |
| XOM Exxon Mobil Corp. | 0.68% | 1,088,074 | $126.5M | Reduce -0.8% |
| IJH iShares Core S&P Midcap ETF | 0.64% | 1,955,110 | $118.8M | Reduce -4.6% |
| HD Home Depot Inc. | 0.62% | 302,684 | $116.1M | Reduce -2.6% |
| COST Costco Wholesale Corp. | 0.62% | 157,969 | $115.7M | Add +23.8% |
| ADBE Adobe Inc. | 0.61% | 223,623 | $112.8M | Reduce -0.4% |
| INTU Intuit Inc. | 0.59% | 167,590 | $108.9M | No change |
| JNJ Johnson & Johnson | 0.58% | 685,767 | $108.5M | Add +0.1% |
| PG The Procter & Gamble Co. | 0.56% | 644,737 | $104.6M | Reduce -0.1% |
| BMY Bristol-Myers Squibb Co. | 0.56% | 1,924,733 | $104.4M | Add +208.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.51% | 782,566 | $95.8M | Add +4.2% |
| TDG Transdigm Group Inc. | 0.50% | 76,192 | $93.8M | No change |
| RITM Rithm Capital Corp. | 0.50% | 8,404,734 | $93.8M | No change |
| NFLX Netflix Inc. | 0.50% | 153,149 | $93.0M | Add +13.9% |
| MRK Merck & Co. Inc. | 0.49% | 694,290 | $91.6M | Add +0.1% |
| ABBV Abbvie Inc. | 0.49% | 499,908 | $91.0M | Add +0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.45% | 143,910 | $83.6M | Add +0.1% |
| CRM Salesforce Inc. | 0.43% | 265,243 | $79.9M | Reduce -0.4% |
| ISRG Intuitive Surgical Inc. | 0.42% | 197,053 | $78.6M | Reduce -9.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.40% | 1,982,612 | $75.2M | Add +0.1% |
| CVX Chevron Corp. | 0.40% | 475,215 | $75.0M | Reduce -1.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.40% | 233,643 | $74.9M | Add +0.3% |
| APO Apollo Global Management Inc. | 0.40% | 665,000 | $74.8M | Reduce -43.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.40% | 116 | $73.6M | No change |
| MSCI MSCI Inc. | 0.38% | 126,102 | $70.7M | No change |
| WMT Walmart Inc. | 0.38% | 1,172,820 | $70.6M | Add +0.1% |
| PEP Pepsico Inc. | 0.37% | 394,922 | $69.1M | Reduce -20.2% |
| CSCO Cisco Systems Inc. | 0.37% | 1,384,166 | $69.1M | Add +0.3% |
| KO The Coca-Cola Co. | 0.37% | 1,120,048 | $68.5M | Add +0.1% |
| SMCI Super Micro Computer Inc. | 0.36% | 66,700 | $67.4M | Add +465.3% |
| INTC Intel Corp. | 0.35% | 1,474,283 | $65.1M | Add +0.3% |
| LIN Linde PLC | 0.35% | 139,504 | $64.8M | Add +0.1% |
| ACN Accenture PLC Class A | 0.34% | 181,738 | $63.0M | No change |
| WFC Wells Fargo & Co. | 0.33% | 1,062,549 | $61.6M | Reduce -0.8% |
| CMG Chipotle Mexican Grill Inc. | 0.32% | 20,698 | $60.2M | No change |
| OMF Onemain Holdings Inc. | 0.31% | 1,135,000 | $58.0M | Reduce -6.2% |
| MCD McDonald's Corp. | 0.30% | 198,715 | $56.0M | Add +0.1% |
| AMAT Applied Materials Inc. | 0.30% | 271,355 | $56.0M | Reduce -0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 289,986 | $55.4M | Add +0.2% |
| ORCL Oracle Corp. | 0.29% | 436,832 | $54.9M | Add +0.4% |
| QCOM Qualcomm Inc. | 0.29% | 322,066 | $54.5M | Add +0.3% |
| ABT Abbott Laboratories | 0.29% | 475,657 | $54.1M | Add +0.1% |
| GE General Electric | 0.28% | 298,161 | $52.3M | Add +0.1% |
| CAT Caterpillar Inc. | 0.27% | 139,472 | $51.1M | Reduce -0.1% |
| VLUE iShares MSCI USA Value Facto | 0.27% | 456,400 | $49.4M | Add +41.1% |
| PFE Pfizer Inc. | 0.27% | 1,778,484 | $49.4M | Add +0.1% |
| CMCSA Comcast Corp. Class A | 0.25% | 1,085,689 | $47.1M | Reduce -1.3% |
| COP Conocophillips | 0.25% | 365,791 | $46.6M | Reduce -0.6% |
| TXN Texas Instruments Inc. | 0.25% | 265,165 | $46.2M | Add +0.2% |
| DHR Danaher Corp. | 0.24% | 180,146 | $45.0M | Add +0.1% |
| UBER Uber Technologies Inc. | 0.23% | 563,800 | $43.4M | Reduce -0.4% |
| NOW ServiceNow Inc. | 0.23% | 56,155 | $42.8M | No change |
| AMGN Amgen Inc. | 0.22% | 146,597 | $41.7M | Add +0.1% |
| UNP Union Pacific Corp. | 0.22% | 167,045 | $41.1M | Add +0.1% |
| LOW Lowe's Cos Inc. | 0.22% | 157,570 | $40.1M | Reduce -0.3% |
| GS Goldman Sachs Group Inc. | 0.21% | 95,673 | $40.0M | Add +0.1% |
| RTX RTX Corp. | 0.21% | 402,032 | $39.2M | Reduce -7.0% |
| PM Philip Morris International | 0.21% | 425,358 | $39.0M | Add +0.1% |
| QUAL iShares MSCI USA Quality Fac | 0.21% | 234,950 | $38.6M | Add +8.8% |
| XLV SS Health Care Select Sector | 0.20% | 255,788 | $37.8M | Add +2.2% |
| SPGI S&P Global Inc. | 0.20% | 88,053 | $37.5M | Reduce -0.8% |
| C Citigroup Inc. | 0.20% | 589,536 | $37.3M | Reduce -0.4% |
| LRCX Lam Research Corp. | 0.20% | 38,180 | $37.1M | Reduce -0.5% |
| HON Honeywell International Inc. | 0.20% | 180,615 | $37.1M | Add +0.1% |
| NKE Nike Inc. Class B | 0.20% | 386,315 | $36.3M | Reduce -0.4% |
| ELV Elevance Health Inc. | 0.19% | 69,351 | $36.0M | No change |
| ICE Intercontinental Exchange Inc. | 0.19% | 260,442 | $35.8M | Add +0.1% |
| AXP American Express Co. | 0.19% | 156,677 | $35.7M | Reduce -0.6% |
| MU Micron Technology Inc. | 0.19% | 302,442 | $35.7M | Add +0.6% |
| APH Amphenol Corp. Class A | 0.19% | 304,537 | $35.1M | Add +0.2% |
| PLD Prologis Inc. | 0.19% | 267,218 | $34.8M | Add +0.1% |
| BKNG Booking Holdings Inc. | 0.19% | 9,559 | $34.7M | No change |
| ETN Eaton Corp. PLC | 0.18% | 109,356 | $34.2M | No change |
| BLK BlackRock Finance Inc. | 0.18% | 40,771 | $34.0M | No change |
| SYK Stryker Corp. | 0.18% | 92,699 | $33.2M | Add +0.1% |
| PGR Progressive Corp. | 0.18% | 160,388 | $33.2M | Add +0.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.18% | 242,600 | $33.0M | Reduce -13.8% |
| MS Morgan Stanley | 0.17% | 343,226 | $32.3M | Reduce -0.8% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -2.8% | 3.97% | −1.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.0% | 8.83% | −0.71 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.58 |
| PANW Palo Alto Networks Inc. | Reduce -70.8% | 0.13% | −0.39 |
| UNH Unitedhealth Group Inc. | Reduce -15.9% | 0.70% | −0.28 |
| APO Apollo Global Management Inc. | Reduce -43.0% | 0.40% | −0.24 |
| GOOGL Alphabet Inc. Class A | Reduce -9.7% | 1.70% | −0.23 |
| ADBE Adobe Inc. | Reduce -0.4% | 0.61% | −0.19 |
| BA The Boeing Co. | Reduce -30.4% | 0.16% | −0.19 |
| PEP Pepsico Inc. | Reduce -20.2% | 0.37% | −0.13 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.12 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.10 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.08 |
| EXPE Expedia Group Inc. | Reduce -64.1% | 0.03% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -10.0% | 0.84% | −0.08 |
| NKE Nike Inc. Class B | Reduce -0.4% | 0.20% | −0.06 |
| OMF Onemain Holdings Inc. | Reduce -6.2% | 0.31% | −0.04 |
| PATH Uipath Inc. Class A | Sold out | 0.00% | −0.04 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 1.13% | −0.04 |
| IJH iShares Core S&P Midcap ETF | Reduce -4.6% | 0.64% | −0.04 |
| SNAP Snap Inc. Class A | Sold out | 0.00% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -1.3% | 0.25% | −0.03 |
| V Visa Inc. Class A | Reduce -0.5% | 0.88% | −0.03 |
| SPGI S&P Global Inc. | Reduce -0.8% | 0.20% | −0.03 |
| HUM Humana Inc. | Reduce -0.6% | 0.06% | −0.03 |
| SBUX Starbucks Corp. | Reduce -0.8% | 0.15% | −0.03 |
| CVX Chevron Corp. | Reduce -1.1% | 0.40% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.9% | 0.14% | −0.02 |
| CHTR Charter Communications Inc. Class A | Reduce -1.4% | 0.04% | −0.02 |
| BB Blackberry Ltd. | Sold out | 0.00% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -2.3% | 0.16% | −0.02 |
| CVS CVS Health Corp. | Reduce -1.7% | 0.17% | −0.02 |
| MS Morgan Stanley | Reduce -0.8% | 0.17% | −0.02 |
| TDOC Teladoc Health Inc. | Sold out | 0.00% | −0.02 |
| DE Deere & Co. | Reduce -2.7% | 0.16% | −0.02 |
| ADI Analog Devices Inc. | Reduce -0.4% | 0.14% | −0.02 |
| HD Home Depot Inc. | Reduce -2.6% | 0.62% | −0.02 |
| ON On Semiconductor | Reduce -0.6% | 0.06% | −0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -9.1% | 0.42% | −0.01 |
| ITW Illinois Tool Works | Reduce -0.6% | 0.12% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -0.3% | 0.11% | −0.01 |
| WBA Walgreens Boots Alliance Inc. | Reduce -0.1% | 0.03% | −0.01 |
| SFIX Stitch Fix Inc. Class A | Reduce -51.7% | 0.00% | −0.01 |
| CTSH Cognizant Tech Solutions-A | Reduce -0.5% | 0.07% | −0.01 |
| ROVR Rover Group Inc. | Sold out | 0.00% | −0.01 |
| SRC Spirit Realty Capital Inc. | Sold out | 0.00% | −0.01 |
| MCHP Microchip Technology Inc. | Reduce -0.1% | 0.08% | −0.01 |
| NOC Northrop Grumman Corp. | Reduce -0.5% | 0.10% | −0.01 |
| APTV Aptiv Irish Holdings Ltd. | Reduce -1.3% | 0.03% | −0.01 |
| DLTR Dollar Tree Inc. | Reduce -1.1% | 0.04% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +0.1% | 4.40% | +1.73 |
| NEE Nextera Energy Inc. | Add +400.7% | 0.97% | +0.76 |
| META Meta Platforms Inc. Class A | Add +4.9% | 2.25% | +0.52 |
| MBB iShares MBS ETF | Add +189.5% | 0.78% | +0.48 |
| BMY Bristol-Myers Squibb Co. | Add +208.3% | 0.56% | +0.37 |
| SMCI Super Micro Computer Inc. | Add +465.3% | 0.36% | +0.34 |
| LLY Eli Lilly & Co. | Add +12.6% | 1.13% | +0.30 |
| MSFT Microsoft Corp. | Add +4.2% | 5.63% | +0.28 |
| AMD Advanced Micro Devices | Add +18.5% | 0.89% | +0.21 |
| AMZN Amazon.com Inc. | Add +0.5% | 2.90% | +0.21 |
| ARM Arm Holdings PLC-ADR | New | 0.15% | +0.15 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.14% | +0.14 |
| AVGO Broadcom Inc. | Add +3.9% | 1.24% | +0.13 |
| COST Costco Wholesale Corp. | Add +23.8% | 0.62% | +0.12 |
| DIS The Walt Disney Co. | Add +4.2% | 0.51% | +0.11 |
| NFLX Netflix Inc. | Add +13.9% | 0.50% | +0.11 |
| VLUE iShares MSCI USA Value Facto | Add +41.1% | 0.27% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.0% | 0.83% | +0.06 |
| GE General Electric | Add +0.1% | 0.28% | +0.06 |
| ANET Arista Networks Inc. | Add +38.0% | 0.16% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 0.85% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +0.3% | 0.40% | +0.05 |
| MRK Merck & Co. Inc. | Add +0.1% | 0.49% | +0.04 |
| SOFI Sofi Technologies Inc. | New | 0.04% | +0.04 |
| MU Micron Technology Inc. | Add +0.6% | 0.19% | +0.04 |
| IBB iShares Biotechnology ETF | New | 0.04% | +0.04 |
| ABBV Abbvie Inc. | Add +0.1% | 0.49% | +0.03 |
| PGR Progressive Corp. | Add +0.1% | 0.18% | +0.03 |
| XBI SS SPDR S&P Biotech ETF | New | 0.03% | +0.03 |
| ORCL Oracle Corp. | Add +0.4% | 0.29% | +0.02 |
| P Everpure Inc. Class A | New | 0.02% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | Add +8.8% | 0.21% | +0.02 |
| QCOM Qualcomm Inc. | Add +0.3% | 0.29% | +0.02 |
| EW Edwards Lifesciences Corp. | Add +0.0% | 0.14% | +0.02 |
| IBM Intl Business Machines Corp. | Add +0.2% | 0.30% | +0.02 |
| AMH American Homes 4 Rent- A | New | 0.02% | +0.02 |
| VLO Valero Energy Corp. | Add +0.1% | 0.10% | +0.02 |
| HIMS Hims & Hers Health Inc. | New | 0.01% | +0.01 |
| ELF Elf Beauty Inc. | New | 0.01% | +0.01 |
| PCAR Paccar Inc. | Add +0.1% | 0.11% | +0.01 |
| SYK Stryker Corp. | Add +0.1% | 0.18% | +0.01 |
| TGT Target Corp. | Add +0.1% | 0.12% | +0.01 |
| WMT Walmart Inc. | Add +0.1% | 0.38% | +0.01 |
| VST Vistra Corp. | Add +2.4% | 0.03% | +0.01 |
| DECK Deckers Outdoor Corp. | Add +10.4% | 0.04% | +0.01 |
| FISV Fiserv Inc. | Add +0.1% | 0.14% | +0.01 |
| VZ Verizon Communications Inc. | Add +0.0% | 1.85% | +0.01 |
| AIT Applied Industrial Tech Inc. | New | 0.01% | +0.01 |
| HCA HCA Healthcare Inc. | Add +0.2% | 0.10% | +0.01 |
| BSX Boston Scientific Corp. | Add +0.1% | 0.15% | +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 |