State of Michigan Retirement System
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 26, 2024), State of Michigan Retirement System reported 950 stock positions worth $19.5 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.7% of the portfolio, followed by Microsoft (MSFT, 5.6%) and Nvidia (NVDA, 5.6%). Compared with Q1 2024, it opened 15 new positions, sold out of 22, added to 276 and reduced 578. The biggest buy was a new position in iShares Core U.S. Aggregate (AGG) and the biggest sale Verizon Communications (VZ, shares −72%).
- Most Recent 13F
- Q2 2026
- Location
- EAST LANSING, MI
- CIK
- 0000762152
- Portfolio Value
- $19.5B (Q2 2024)
- SEC Filing
- 0000762152-24-000004 ↗ filed Jul 26, 2024
Holdings Value
Holdings 950 stocks · $19.5B
| SPY SS SPDR S&P 500 ETF Trust-US | 8.68% | 3,101,740 | $1.7B | Reduce -1.3% |
| MSFT Microsoft Corp. | 5.65% | 2,458,467 | $1.1B | Reduce -1.2% |
| NVDA Nvidia Corp. | 5.62% | 8,850,860 | $1.1B | Reduce -2.3% |
| AAPL Apple Inc. | 4.65% | 4,294,525 | $904.5M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 2.99% | 3,010,920 | $581.9M | Add +0.8% |
| AGG iShares Core U.S. Aggregate | 2.56% | 5,135,000 | $498.5M | New |
| META Meta Platforms Inc. Class A | 2.25% | 868,314 | $437.8M | Add +0.5% |
| T AT&T Inc. | 1.97% | 20,072,613 | $383.6M | Add +9.0% |
| GOOGL Alphabet Inc. Class A | 1.95% | 2,085,180 | $379.8M | Reduce -0.4% |
| AVGO Broadcom Inc. | 1.37% | 166,566 | $267.4M | Reduce -4.5% |
| MTUM iShares MSCI USA Momentum Fa | 1.30% | 1,293,590 | $252.1M | Reduce -7.7% |
| LLY Eli Lilly & Co. | 1.29% | 276,904 | $250.7M | Add +2.7% |
| GOOG Alphabet Inc. Class C | 1.28% | 1,360,260 | $249.5M | Reduce -1.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.20% | 2,172,400 | $232.7M | No change |
| NEE Nextera Energy Inc. | 1.02% | 2,812,698 | $199.2M | Add +0.0% |
| BMY Bristol-Myers Squibb Co. | 1.02% | 4,767,133 | $198.0M | Add +147.7% |
| AMD Advanced Micro Devices | 0.87% | 1,045,440 | $169.6M | Add +14.5% |
| JPM JPMorgan Chase & Co. | 0.82% | 786,431 | $159.1M | Reduce -0.7% |
| V Visa Inc. Class A | 0.79% | 581,923 | $152.7M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 0.78% | 178,369 | $151.6M | Add +12.9% |
| TSLA Tesla Inc. | 0.77% | 759,857 | $150.4M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.73% | 348,129 | $141.6M | Reduce -5.6% |
| XOM Exxon Mobil Corp. | 0.73% | 1,228,518 | $141.4M | Add +12.9% |
| UNH Unitedhealth Group Inc. | 0.69% | 263,719 | $134.3M | Add +0.5% |
| MA Mastercard Inc. Class A | 0.63% | 277,581 | $122.5M | Reduce -14.8% |
| IJH iShares Core S&P Midcap ETF | 0.61% | 2,036,610 | $119.2M | Add +4.2% |
| CVS CVS Health Corp. | 0.61% | 2,005,677 | $118.5M | Add +402.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.58% | 296,200 | $113.5M | Add +26.8% |
| PG The Procter & Gamble Co. | 0.55% | 646,337 | $106.6M | Add +0.3% |
| HD Home Depot Inc. | 0.53% | 301,384 | $103.7M | Reduce -0.4% |
| NFLX Netflix Inc. | 0.53% | 153,349 | $103.5M | Add +0.1% |
| JNJ Johnson & Johnson | 0.52% | 693,467 | $101.4M | Add +1.1% |
| ADBE Adobe Inc. | 0.51% | 179,523 | $99.7M | Reduce -19.7% |
| TDG Transdigm Group Inc. | 0.50% | 76,292 | $97.5M | Add +0.1% |
| VZ Verizon Communications Inc. | 0.49% | 2,309,750 | $95.3M | Reduce -71.9% |
| RITM Rithm Capital Corp. | 0.47% | 8,404,734 | $91.7M | No change |
| ISRG Intuitive Surgical Inc. | 0.45% | 197,653 | $87.9M | Add +0.3% |
| MRK Merck & Co. Inc. | 0.44% | 693,690 | $85.9M | Reduce -0.1% |
| ABBV Abbvie Inc. | 0.43% | 483,608 | $82.9M | Reduce -3.3% |
| SMCI Super Micro Computer Inc. | 0.42% | 99,900 | $81.9M | Add +49.8% |
| WMT Walmart Inc. | 0.41% | 1,169,920 | $79.2M | Reduce -0.3% |
| TMO Thermo Fisher Scientific Inc. | 0.41% | 142,510 | $78.8M | Reduce -1.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.40% | 1,971,412 | $78.4M | Reduce -0.6% |
| CVX Chevron Corp. | 0.38% | 469,415 | $73.4M | Reduce -1.2% |
| KO The Coca-Cola Co. | 0.37% | 1,119,148 | $71.2M | Reduce -0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.36% | 116 | $71.0M | No change |
| CRM Salesforce Inc. | 0.35% | 266,043 | $68.4M | Add +0.3% |
| CSCO Cisco Systems Inc. | 0.35% | 1,435,166 | $68.2M | Add +3.7% |
| AMAT Applied Materials Inc. | 0.34% | 276,255 | $65.2M | Add +1.8% |
| PEP Pepsico Inc. | 0.33% | 393,622 | $64.9M | Reduce -0.3% |
| CMG Chipotle Mexican Grill Inc. | 0.33% | 1,029,900 | $64.5M | Reduce -0.5% |
| QCOM Qualcomm Inc. | 0.33% | 323,866 | $64.5M | Add +0.6% |
| ORCL Oracle Corp. | 0.32% | 436,632 | $61.7M | Reduce -0.1% |
| LIN Linde PLC | 0.31% | 137,904 | $60.5M | Reduce -1.1% |
| WFC Wells Fargo & Co. | 0.31% | 1,012,749 | $60.1M | Reduce -4.7% |
| ACN Accenture PLC Class A | 0.29% | 183,838 | $55.8M | Add +1.2% |
| MBB iShares MBS ETF | 0.28% | 600,000 | $55.1M | Reduce -61.7% |
| TXN Texas Instruments Inc. | 0.27% | 265,865 | $51.7M | Add +0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 293,886 | $50.8M | Add +1.3% |
| INTU Intuit Inc. | 0.26% | 76,690 | $50.4M | Reduce -54.2% |
| MCD McDonald's Corp. | 0.26% | 197,415 | $50.3M | Reduce -0.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 499,266 | $49.6M | Reduce -36.2% |
| ABT Abbott Laboratories | 0.25% | 476,457 | $49.5M | Add +0.2% |
| PFE Pfizer Inc. | 0.25% | 1,739,484 | $48.7M | Reduce -2.2% |
| GE General Electric filed as GE AEROSPACE | 0.24% | 299,761 | $47.7M | Add +0.5% |
| CAT Caterpillar Inc. | 0.24% | 142,972 | $47.6M | Add +2.5% |
| INTC Intel Corp. | 0.24% | 1,502,983 | $46.5M | Add +1.9% |
| KR Kroger Co. | 0.24% | 922,487 | $46.1M | Add +337.4% |
| AMGN Amgen Inc. | 0.24% | 146,897 | $45.9M | Add +0.2% |
| DHR Danaher Corp. | 0.23% | 180,546 | $45.1M | Add +0.2% |
| NOW ServiceNow Inc. | 0.23% | 56,155 | $44.2M | No change |
| BURL Burlington Stores Inc. | 0.22% | 180,700 | $43.4M | Add +1051.0% |
| PM Philip Morris International | 0.22% | 425,758 | $43.1M | Add +0.1% |
| GS Goldman Sachs Group Inc. | 0.22% | 93,673 | $42.4M | Reduce -2.1% |
| CMCSA Comcast Corp. Class A | 0.22% | 1,071,989 | $42.0M | Reduce -1.3% |
| UBER Uber Technologies Inc. | 0.21% | 572,300 | $41.6M | Add +1.5% |
| VLUE iShares MSCI USA Value Facto | 0.21% | 398,200 | $41.2M | Reduce -12.8% |
| COP Conocophillips | 0.21% | 358,291 | $41.0M | Reduce -2.0% |
| LRCX Lam Research Corp. | 0.21% | 38,380 | $40.9M | Add +0.5% |
| RTX RTX Corp. | 0.21% | 397,632 | $39.9M | Reduce -1.1% |
| MU Micron Technology Inc. | 0.20% | 303,242 | $39.9M | Add +0.3% |
| XLV SS Health Care Select Sector | 0.20% | 268,288 | $39.1M | Add +4.9% |
| SPGI S&P Global Inc. | 0.20% | 87,653 | $39.1M | Reduce -0.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 351,882 | $38.7M | Add +12.7% |
| HON Honeywell International Inc. | 0.20% | 178,315 | $38.1M | Reduce -1.3% |
| UNP Union Pacific Corp. | 0.19% | 167,045 | $37.8M | No change |
| ELV Elevance Health Inc. | 0.19% | 69,051 | $37.4M | Reduce -0.4% |
| C Citigroup Inc. | 0.19% | 580,636 | $36.8M | Reduce -1.5% |
| BKNG Booking Holdings Inc. | 0.19% | 9,259 | $36.7M | Reduce -3.1% |
| AXP American Express Co. | 0.19% | 155,577 | $36.0M | Reduce -0.7% |
| ANET Arista Networks Inc. | 0.18% | 101,889 | $35.7M | Add +1.3% |
| ICE Intercontinental Exchange Inc. | 0.18% | 260,542 | $35.7M | Add +0.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.18% | 73,923 | $34.6M | Add +1.1% |
| LOW Lowe's Cos Inc. | 0.18% | 156,670 | $34.5M | Reduce -0.6% |
| ETN Eaton Corp. PLC | 0.18% | 109,456 | $34.3M | Add +0.1% |
| PGR Progressive Corp. | 0.17% | 160,388 | $33.3M | No change |
| MS Morgan Stanley | 0.17% | 342,726 | $33.3M | Reduce -0.1% |
| KLAC KLA Corp. | 0.17% | 39,968 | $33.0M | Add +1.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.17% | 188,900 | $32.8M | Reduce -22.1% |
| MRNA Moderna Inc. | 0.17% | 274,248 | $32.6M | Add +201.9% |
Portfolio Sells Q1 2024 → Q2 2024
| VZ Verizon Communications Inc. | Reduce -71.9% | 0.49% | −1.36 |
| MBB iShares MBS ETF | Reduce -61.7% | 0.28% | −0.49 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.40 |
| INTU Intuit Inc. | Reduce -54.2% | 0.26% | −0.33 |
| OMF Onemain Holdings Inc. | Sold out | 0.00% | −0.31 |
| MSCI MSCI Inc. | Reduce -69.4% | 0.10% | −0.28 |
| DIS The Walt Disney Co. | Reduce -36.2% | 0.25% | −0.26 |
| MA Mastercard Inc. Class A | Reduce -14.8% | 0.63% | −0.21 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.3% | 8.68% | −0.16 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -7.7% | 1.30% | −0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.6% | 0.73% | −0.11 |
| QUAL iShares MSCI USA Quality Fac | Reduce -49.6% | 0.10% | −0.10 |
| ADBE Adobe Inc. | Reduce -19.7% | 0.51% | −0.09 |
| V Visa Inc. Class A | Reduce -0.6% | 0.79% | −0.09 |
| HD Home Depot Inc. | Reduce -0.4% | 0.53% | −0.09 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.09 |
| CELH Celsius Holdings Inc. | Reduce -81.9% | 0.01% | −0.08 |
| ABBV Abbvie Inc. | Reduce -3.3% | 0.43% | −0.06 |
| VLUE iShares MSCI USA Value Facto | Reduce -12.8% | 0.21% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -0.1% | 0.44% | −0.05 |
| FAST Fastenal Co. | Reduce -31.6% | 0.05% | −0.05 |
| ARM Arm Holdings PLC-ADR | Reduce -43.8% | 0.11% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.0% | 0.41% | −0.04 |
| MCD McDonald's Corp. | Reduce -0.7% | 0.26% | −0.04 |
| COP Conocophillips | Reduce -2.0% | 0.21% | −0.04 |
| APH Amphenol Corp. Class A | Reduce -29.1% | 0.15% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -0.6% | 0.18% | −0.04 |
| PEP Pepsico Inc. | Reduce -0.3% | 0.33% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -1.3% | 0.22% | −0.04 |
| LIN Linde PLC | Reduce -1.1% | 0.31% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -0.7% | 0.82% | −0.04 |
| CPRT Copart Inc. | Reduce -11.4% | 0.11% | −0.03 |
| CVX Chevron Corp. | Reduce -1.2% | 0.38% | −0.03 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.03 |
| CI The Cigna Group | Reduce -1.8% | 0.15% | −0.03 |
| MDT Medtronic PLC | Reduce -0.2% | 0.15% | −0.02 |
| MPC Marathon Petroleum Corp. | Reduce -4.3% | 0.09% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -3.2% | 0.06% | −0.02 |
| DHI D.R. Horton Inc. | Reduce -4.8% | 0.08% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -4.7% | 0.31% | −0.02 |
| DE Deere & Co. | Reduce -0.7% | 0.14% | −0.02 |
| ODFL Old Dominion Freight Line | Reduce -0.8% | 0.07% | −0.02 |
| GPN Global Payments Inc. | Reduce -2.7% | 0.04% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -2.5% | 0.09% | −0.02 |
| NUE Nucor Corp. | Reduce -1.8% | 0.06% | −0.02 |
| PSX Phillips 66 | Reduce -1.4% | 0.08% | −0.02 |
| BLK BlackRock Finance Inc. | Reduce -0.5% | 0.16% | −0.02 |
| ITW Illinois Tool Works | Reduce -0.4% | 0.10% | −0.02 |
| FISV Fiserv Inc. | Reduce -2.5% | 0.12% | −0.02 |
| BLDR Builders Firstsource Inc. | Reduce -5.0% | 0.03% | −0.02 |
Portfolio Buys Q1 2024 → Q2 2024
| AGG iShares Core U.S. Aggregate | New | 2.56% | +2.56 |
| BMY Bristol-Myers Squibb Co. | Add +147.7% | 1.02% | +0.46 |
| CVS CVS Health Corp. | Add +402.4% | 0.61% | +0.44 |
| T AT&T Inc. | Add +9.0% | 1.97% | +0.23 |
| BURL Burlington Stores Inc. | Add +1051.0% | 0.22% | +0.20 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +26.8% | 0.58% | +0.18 |
| KR Kroger Co. | Add +337.4% | 0.24% | +0.17 |
| LLY Eli Lilly & Co. | Add +2.7% | 1.29% | +0.16 |
| COST Costco Wholesale Corp. | Add +12.9% | 0.78% | +0.16 |
| HUBS HubSpot Inc. | New | 0.13% | +0.13 |
| MRNA Moderna Inc. | Add +201.9% | 0.17% | +0.12 |
| KKR KKR & Co. Inc. | New | 0.10% | +0.10 |
| AMZN Amazon.com Inc. | Add +0.8% | 2.99% | +0.09 |
| HDB HDFC Bank Ltd.-ADR | New | 0.06% | +0.06 |
| SMCI Super Micro Computer Inc. | Add +49.8% | 0.42% | +0.06 |
| NEE Nextera Energy Inc. | Add +0.0% | 1.02% | +0.06 |
| TSLA Tesla Inc. | Add +0.1% | 0.77% | +0.06 |
| IBB iShares Biotechnology ETF | Add +150.0% | 0.09% | +0.05 |
| XOM Exxon Mobil Corp. | Add +12.9% | 0.73% | +0.05 |
| QCOM Qualcomm Inc. | Add +0.6% | 0.33% | +0.04 |
| HIMS Hims & Hers Health Inc. | Add +177.8% | 0.05% | +0.04 |
| AMAT Applied Materials Inc. | Add +1.8% | 0.34% | +0.03 |
| ARKB ARK 21SHARES Bitcoin ETF | New | 0.03% | +0.03 |
| NFLX Netflix Inc. | Add +0.1% | 0.53% | +0.03 |
| ISRG Intuitive Surgical Inc. | Add +0.3% | 0.45% | +0.03 |
| TJX TJX Companies Inc. | Add +12.7% | 0.20% | +0.03 |
| ANET Arista Networks Inc. | Add +1.3% | 0.18% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +2.4% | 0.15% | +0.02 |
| BABA Alibaba Group Holding-SP ADR | Add +35.8% | 0.10% | +0.02 |
| KLAC KLA Corp. | Add +1.0% | 0.17% | +0.02 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.02% | +0.02 |
| SRPT Sarepta Therapeutics Inc. | New | 0.02% | +0.02 |
| TXN Texas Instruments Inc. | Add +0.3% | 0.27% | +0.02 |
| RBA RB Global Inc. | New | 0.02% | +0.02 |
| TPL Texas Pacific Land Corp. | Add +366.7% | 0.02% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +1.1% | 0.18% | +0.01 |
| MU Micron Technology Inc. | Add +0.3% | 0.20% | +0.01 |
| PM Philip Morris International | Add +0.1% | 0.22% | +0.01 |
| AMGN Amgen Inc. | Add +0.2% | 0.24% | +0.01 |
| SOFI Sofi Technologies Inc. | Add +50.0% | 0.05% | +0.01 |
| VST Vistra Corp. | Add +16.9% | 0.04% | +0.01 |
| WELL Welltower Inc. | Add +8.0% | 0.09% | +0.01 |
| BSX Boston Scientific Corp. | Add +0.3% | 0.16% | +0.01 |
| LRCX Lam Research Corp. | Add +0.5% | 0.21% | +0.01 |
| FSLR First Solar Inc. | Add +5.3% | 0.04% | +0.01 |
| MPWR Monolithic Power Systems Inc. | Add +2.9% | 0.06% | +0.01 |
| DUOL Duolingo | New | 0.01% | +0.01 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.01% | +0.01 |
| MCO Moody's Corp. | Add +6.3% | 0.10% | +0.01 |
| NTAP Netapp Inc. | Add +2.2% | 0.05% | +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 |