State of Michigan Retirement System
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 4, 2024), State of Michigan Retirement System reported 950 stock positions worth $20.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.0% of the portfolio, followed by Nvidia (NVDA, 5.2%) and Microsoft (MSFT, 5.2%). Compared with Q2 2024, it opened 13 new positions, sold out of 14, added to 120 and reduced 749. The biggest buy was Apple (AAPL, shares +5%) and the biggest sale Bristol-Myers Squibb (BMY, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- EAST LANSING, MI
- CIK
- 0000762152
- Portfolio Value
- $20.2B (Q3 2024)
- SEC Filing
- 0000762152-24-000013 ↗ filed Nov 4, 2024
Holdings Value
Holdings 950 stocks · $20.2B
| SPY SS SPDR S&P 500 ETF Trust-US | 9.03% | 3,172,340 | $1.8B | Add +2.3% |
| NVDA Nvidia Corp. | 5.25% | 8,714,660 | $1.1B | Reduce -1.5% |
| MSFT Microsoft Corp. | 5.22% | 2,447,267 | $1.1B | Reduce -0.5% |
| AAPL Apple Inc. | 5.19% | 4,487,625 | $1.0B | Add +4.5% |
| AMZN Amazon.com Inc. | 2.82% | 3,046,820 | $567.7M | Add +1.2% |
| META Meta Platforms Inc. Class A | 2.45% | 863,114 | $494.1M | Reduce -0.6% |
| T AT&T Inc. | 2.19% | 20,061,613 | $441.4M | Reduce -0.1% |
| AGG iShares Core U.S. Aggregate | 2.08% | 4,135,000 | $418.8M | Reduce -19.5% |
| GOOGL Alphabet Inc. Class A | 1.70% | 2,072,180 | $343.7M | Reduce -0.6% |
| AVGO Broadcom Inc. | 1.49% | 1,740,660 | $300.3M | Add +4.5% |
| MTUM iShares MSCI USA Momentum Fa | 1.32% | 1,308,490 | $265.3M | Add +1.1% |
| LLY Eli Lilly & Co. | 1.26% | 286,104 | $253.5M | Add +3.3% |
| GOOG Alphabet Inc. Class C | 1.24% | 1,490,560 | $249.2M | Add +9.6% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.22% | 2,172,400 | $245.4M | No change |
| CVS CVS Health Corp. | 1.01% | 3,229,477 | $203.1M | Add +61.0% |
| TSLA Tesla Inc. | 0.98% | 755,657 | $197.7M | Reduce -0.6% |
| AMD Advanced Micro Devices | 0.90% | 1,106,840 | $181.6M | Add +5.9% |
| JPM JPMorgan Chase & Co. | 0.81% | 774,831 | $163.4M | Reduce -1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.80% | 351,829 | $161.9M | Add +1.1% |
| V Visa Inc. Class A | 0.79% | 580,723 | $159.7M | Reduce -0.2% |
| COST Costco Wholesale Corp. | 0.78% | 177,669 | $157.5M | Reduce -0.4% |
| UNH Unitedhealth Group Inc. | 0.76% | 263,219 | $153.9M | Reduce -0.2% |
| XOM Exxon Mobil Corp. | 0.70% | 1,209,918 | $141.8M | Reduce -1.5% |
| MA Mastercard Inc. Class A | 0.63% | 258,581 | $127.7M | Reduce -6.8% |
| IJH iShares Core S&P Midcap ETF | 0.61% | 1,981,010 | $123.5M | Reduce -2.7% |
| HD Home Depot Inc. | 0.60% | 300,084 | $121.6M | Reduce -0.4% |
| NEE Nextera Energy Inc. | 0.59% | 1,412,498 | $119.4M | Reduce -49.8% |
| JNJ Johnson & Johnson | 0.55% | 689,967 | $111.8M | Reduce -0.5% |
| PG The Procter & Gamble Co. | 0.55% | 641,137 | $111.0M | Reduce -0.8% |
| NFLX Netflix Inc. | 0.55% | 156,149 | $110.8M | Add +1.8% |
| TDG Transdigm Group Inc. | 0.54% | 76,292 | $108.9M | No change |
| ISRG Intuitive Surgical Inc. | 0.49% | 201,053 | $98.8M | Add +1.7% |
| WMT Walmart Inc. | 0.47% | 1,182,920 | $95.5M | Add +1.1% |
| RITM Rithm Capital Corp. | 0.47% | 8,404,734 | $95.4M | No change |
| ABBV Abbvie Inc. | 0.47% | 481,008 | $95.0M | Reduce -0.5% |
| ADBE Adobe Inc. | 0.46% | 177,623 | $92.0M | Reduce -1.1% |
| TMO Thermo Fisher Scientific Inc. | 0.44% | 142,010 | $87.8M | Reduce -0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.40% | 116 | $80.2M | No change |
| KO The Coca-Cola Co. | 0.40% | 1,113,648 | $80.0M | Reduce -0.5% |
| MRK Merck & Co. Inc. | 0.39% | 690,290 | $78.4M | Reduce -0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.38% | 1,946,612 | $77.2M | Reduce -1.3% |
| BURL Burlington Stores Inc. | 0.38% | 289,400 | $76.3M | Add +60.1% |
| CSCO Cisco Systems Inc. | 0.38% | 1,423,366 | $75.8M | Reduce -0.8% |
| ORCL Oracle Corp. | 0.37% | 435,332 | $74.2M | Reduce -0.3% |
| CRM Salesforce Inc. | 0.36% | 263,943 | $72.2M | Reduce -0.8% |
| CVX Chevron Corp. | 0.34% | 463,215 | $68.2M | Reduce -1.3% |
| PEP Pepsico Inc. | 0.33% | 391,222 | $66.5M | Reduce -0.6% |
| LIN Linde PLC | 0.32% | 137,204 | $65.4M | Reduce -0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 293,186 | $64.8M | Reduce -0.2% |
| ACN Accenture PLC Class A | 0.32% | 182,138 | $64.4M | Reduce -0.9% |
| MCD McDonald's Corp. | 0.29% | 195,315 | $59.5M | Reduce -1.1% |
| CMG Chipotle Mexican Grill Inc. | 0.29% | 1,028,000 | $59.2M | Reduce -0.2% |
| VZ Verizon Communications Inc. | 0.29% | 1,303,450 | $58.5M | Reduce -43.6% |
| MBB iShares MBS ETF | 0.29% | 600,000 | $57.5M | No change |
| GE General Electric filed as GE AEROSPACE | 0.28% | 295,261 | $55.7M | Reduce -1.5% |
| WFC Wells Fargo & Co. | 0.28% | 984,949 | $55.6M | Reduce -2.8% |
| AMAT Applied Materials Inc. | 0.27% | 274,255 | $55.4M | Reduce -0.7% |
| CAT Caterpillar Inc. | 0.27% | 141,072 | $55.2M | Reduce -1.3% |
| TXN Texas Instruments Inc. | 0.27% | 265,165 | $54.8M | Reduce -0.3% |
| QCOM Qualcomm Inc. | 0.27% | 321,066 | $54.6M | Reduce -0.9% |
| ABT Abbott Laboratories | 0.27% | 473,857 | $54.0M | Reduce -0.6% |
| INTC Intel Corp. | 0.27% | 2,299,183 | $53.9M | Add +53.0% |
| PM Philip Morris International | 0.25% | 423,458 | $51.4M | Reduce -0.5% |
| NOW ServiceNow Inc. | 0.25% | 56,055 | $50.1M | Reduce -0.2% |
| PFE Pfizer Inc. | 0.25% | 1,730,884 | $50.1M | Reduce -0.5% |
| DHR Danaher Corp. | 0.24% | 175,046 | $48.7M | Reduce -3.0% |
| RTX RTX Corp. | 0.24% | 395,832 | $48.0M | Reduce -0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 493,866 | $47.5M | Reduce -1.1% |
| INTU Intuit Inc. | 0.23% | 76,090 | $47.3M | Reduce -0.8% |
| AMGN Amgen Inc. | 0.23% | 146,297 | $47.1M | Reduce -0.4% |
| GS Goldman Sachs Group Inc. | 0.22% | 91,373 | $45.2M | Reduce -2.5% |
| SPGI S&P Global Inc. | 0.22% | 87,153 | $45.0M | Reduce -0.6% |
| CMCSA Comcast Corp. Class A | 0.22% | 1,052,089 | $43.9M | Reduce -1.9% |
| VLUE iShares MSCI USA Value Facto | 0.21% | 397,500 | $43.3M | Reduce -0.2% |
| UBER Uber Technologies Inc. | 0.21% | 572,200 | $43.0M | Reduce -0.0% |
| LOW Lowe's Cos Inc. | 0.21% | 155,170 | $42.0M | Reduce -1.0% |
| ICE Intercontinental Exchange Inc. | 0.21% | 259,842 | $41.7M | Reduce -0.3% |
| AXP American Express Co. | 0.21% | 152,977 | $41.5M | Reduce -1.7% |
| KR Kroger Co. | 0.20% | 720,087 | $41.3M | Reduce -21.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 349,482 | $41.1M | Reduce -0.7% |
| UNP Union Pacific Corp. | 0.20% | 165,945 | $40.9M | Reduce -0.7% |
| PGR Progressive Corp. | 0.20% | 159,488 | $40.5M | Reduce -0.6% |
| PLTR Palantir Technologies Inc. Class A | 0.20% | 1,061,400 | $39.5M | Add +106.9% |
| ANET Arista Networks Inc. | 0.20% | 102,589 | $39.4M | Add +0.7% |
| BKNG Booking Holdings Inc. | 0.19% | 9,159 | $38.6M | Reduce -1.1% |
| BLK BlackRock Finance Inc. | 0.19% | 40,171 | $38.1M | Reduce -1.0% |
| COP Conocophillips | 0.18% | 354,291 | $37.3M | Reduce -1.1% |
| BMY Bristol-Myers Squibb Co. | 0.18% | 714,133 | $36.9M | Reduce -85.0% |
| LMT Lockheed Martin Corp. | 0.18% | 62,818 | $36.7M | Reduce -1.1% |
| HON Honeywell International Inc. | 0.18% | 177,315 | $36.7M | Reduce -0.6% |
| XLV SS Health Care Select Sector | 0.18% | 237,488 | $36.6M | Reduce -11.5% |
| C Citigroup Inc. | 0.18% | 577,736 | $36.2M | Reduce -0.5% |
| ETN Eaton Corp. PLC | 0.18% | 108,456 | $35.9M | Reduce -0.9% |
| ELV Elevance Health Inc. | 0.18% | 68,551 | $35.6M | Reduce -0.7% |
| NKE Nike Inc. Class B | 0.18% | 402,415 | $35.6M | Reduce -1.1% |
| MS Morgan Stanley | 0.18% | 339,226 | $35.4M | Reduce -1.0% |
| ADP Automatic Data Processing | 0.17% | 125,603 | $34.8M | Reduce -0.8% |
| SMCI Super Micro Computer Inc. | 0.17% | 82,800 | $34.5M | Reduce -17.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.17% | 73,623 | $34.2M | Reduce -0.4% |
| PLD Prologis Inc. | 0.17% | 267,718 | $33.8M | Reduce -0.5% |
Portfolio Sells Q2 2024 → Q3 2024
| BMY Bristol-Myers Squibb Co. | Reduce -85.0% | 0.18% | −0.83 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -78.8% | 0.09% | −0.50 |
| AGG iShares Core U.S. Aggregate | Reduce -19.5% | 2.08% | −0.49 |
| NEE Nextera Energy Inc. | Reduce -49.8% | 0.59% | −0.43 |
| MSFT Microsoft Corp. | Reduce -0.5% | 5.22% | −0.42 |
| NVDA Nvidia Corp. | Reduce -1.5% | 5.25% | −0.37 |
| SMCI Super Micro Computer Inc. | Reduce -17.1% | 0.17% | −0.25 |
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 1.70% | −0.25 |
| VZ Verizon Communications Inc. | Reduce -43.6% | 0.29% | −0.20 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.15 |
| QCOM Qualcomm Inc. | Reduce -0.9% | 0.27% | −0.06 |
| AMAT Applied Materials Inc. | Reduce -0.7% | 0.27% | −0.06 |
| ADBE Adobe Inc. | Reduce -1.1% | 0.46% | −0.06 |
| LRCX Lam Research Corp. | Reduce -0.8% | 0.15% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -0.5% | 0.39% | −0.05 |
| MU Micron Technology Inc. | Reduce -0.4% | 0.16% | −0.05 |
| EW Edwards Lifesciences Corp. | Reduce -0.4% | 0.09% | −0.04 |
| CVX Chevron Corp. | Reduce -1.3% | 0.34% | −0.04 |
| CMG Chipotle Mexican Grill Inc. | Reduce -0.2% | 0.29% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -2.8% | 0.28% | −0.03 |
| KR Kroger Co. | Reduce -21.9% | 0.20% | −0.03 |
| COP Conocophillips | Reduce -1.1% | 0.18% | −0.03 |
| INTU Intuit Inc. | Reduce -0.8% | 0.23% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -0.5% | 0.13% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -1.5% | 0.70% | −0.02 |
| BAC Bank of America Corp. | Reduce -1.3% | 0.38% | −0.02 |
| WRK Westrock Co. | Sold out | 0.00% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -11.5% | 0.18% | −0.02 |
| DIS The Walt Disney Co. | Reduce -1.1% | 0.24% | −0.02 |
| ABNB Airbnb Inc. Class A | Reduce -0.9% | 0.08% | −0.02 |
| F Ford Motor Co. | Reduce -0.8% | 0.07% | −0.02 |
| KLAC KLA Corp. | Reduce -0.8% | 0.15% | −0.02 |
| NXPI NXP Semiconductors NV | Reduce -0.7% | 0.10% | −0.02 |
| SLB SLB Ltd. | Reduce -1.1% | 0.09% | −0.02 |
| DG Dollar General Corp. | Reduce -0.5% | 0.03% | −0.02 |
| ELV Elevance Health Inc. | Reduce -0.7% | 0.18% | −0.02 |
| VLO Valero Energy Corp. | Reduce -2.3% | 0.07% | −0.02 |
| FDX FedEx Corp. | Reduce -0.8% | 0.10% | −0.01 |
| HON Honeywell International Inc. | Reduce -0.6% | 0.18% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -5.6% | 0.07% | −0.01 |
| BBWI Bath & Body Works Inc. | Sold out | 0.00% | −0.01 |
| DLTR Dollar Tree Inc. | Reduce -3.0% | 0.02% | −0.01 |
| HUM Humana Inc. | Reduce -0.6% | 0.05% | −0.01 |
| MCHP Microchip Technology Inc. | Reduce -1.3% | 0.06% | −0.01 |
| APH Amphenol Corp. Class A | Reduce -0.2% | 0.14% | −0.01 |
| C Citigroup Inc. | Reduce -0.5% | 0.18% | −0.01 |
| PSX Phillips 66 | Reduce -1.8% | 0.07% | −0.01 |
| ETSY Etsy Inc. | Sold out | 0.00% | −0.01 |
| BIIB Biogen Inc. | Reduce -0.5% | 0.04% | −0.01 |
| DVN Devon Energy Corp. | Reduce -1.5% | 0.03% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| AAPL Apple Inc. | Add +4.5% | 5.19% | +0.54 |
| CVS CVS Health Corp. | Add +61.0% | 1.01% | +0.40 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.3% | 9.03% | +0.35 |
| BURL Burlington Stores Inc. | Add +60.1% | 0.38% | +0.16 |
| PLTR Palantir Technologies Inc. Class A | Add +106.9% | 0.20% | +0.13 |
| AVGO Broadcom Inc. | Add +4.5% | 1.49% | +0.11 |
| GEHC GE Healthcare Technology | Add +179.0% | 0.15% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.1% | 0.80% | +0.08 |
| WMT Walmart Inc. | Add +1.1% | 0.47% | +0.07 |
| ETHE Grayscale Ethereum Staking E | New | 0.05% | +0.05 |
| DELL Dell Technologies -C | Add +462.3% | 0.05% | +0.04 |
| ISRG Intuitive Surgical Inc. | Add +1.7% | 0.49% | +0.04 |
| SW Smurfit Westrock PLC | New | 0.03% | +0.03 |
| AMD Advanced Micro Devices | Add +5.9% | 0.90% | +0.03 |
| INTC Intel Corp. | Add +53.0% | 0.27% | +0.03 |
| BX Blackstone Inc. | Add +0.2% | 0.15% | +0.02 |
| AVTR Avantor Inc. | New | 0.02% | +0.02 |
| KKR KKR & Co. Inc. | Add +0.8% | 0.12% | +0.02 |
| MTUM iShares MSCI USA Momentum Fa | Add +1.1% | 1.32% | +0.02 |
| NFLX Netflix Inc. | Add +1.8% | 0.55% | +0.02 |
| HUBS HubSpot Inc. | Add +29.8% | 0.15% | +0.02 |
| VST Vistra Corp. | Add +4.4% | 0.06% | +0.02 |
| HWM Howmet Aerospace Inc. | Add +4.6% | 0.06% | +0.01 |
| GD General Dynamics Corp. | Add +12.7% | 0.11% | +0.01 |
| HIMS Hims & Hers Health Inc. | Add +40.0% | 0.06% | +0.01 |
| ANET Arista Networks Inc. | Add +0.7% | 0.20% | +0.01 |
| CNH CNH Industrial NV | Add +583.8% | 0.01% | +0.01 |
| WAL Western Alliance Bancorp | New | 0.01% | +0.01 |
| IBB iShares Biotechnology ETF | Add +9.6% | 0.10% | +0.01 |
| FN Fabrinet | New | 0.01% | +0.01 |
| ENSG The Ensign Group Inc. | New | 0.01% | +0.01 |
| AXON Axon Enterprise Inc. | Add +1.0% | 0.04% | +0.01 |
| AEP American Electric Power | Add +0.4% | 0.07% | +0.01 |
| NDAQ Nasdaq Inc. | Add +8.2% | 0.04% | +0.01 |
| ODFL Old Dominion Freight Line | Add +3.4% | 0.08% | +0.01 |
| ANF Abercrombie & Fitch Co. Class A | New | 0.01% | +0.01 |
| VLTO Veralto Corp. | Add +10.9% | 0.04% | +0.01 |
| HLNE Hamilton Lane Inc. Class A | New | 0.01% | +0.01 |
| K Kellanova | Add +1.3% | 0.03% | +0.01 |
| ERIE Erie Indemnity Company Class A | Add +12.3% | 0.02% | +0.01 |
| GWW WW Grainger Inc. | Add +0.8% | 0.07% | +0.01 |
| PWR Quanta Services Inc. | Add +0.3% | 0.06% | +0.01 |
| QUAL iShares MSCI USA Quality Fac | Add +5.3% | 0.11% | +0.01 |
| VTR Ventas Inc. | Add +1.5% | 0.04% | +0.01 |
| KHC The Kraft Heinz Co. | Add +9.0% | 0.05% | +0.01 |
| EQT Eqt Corp. | Add +27.5% | 0.03% | +0.01 |
| BBY Best Buy Co. Inc. | Add +1.0% | 0.04% | +0.01 |
| ADSK Autodesk Inc. | Add +0.2% | 0.08% | +0.01 |
| PSN Parsons Corp. | New | 0.01% | +0.01 |
| GRAYSCALE ETHEREUM MINI TR E | New | 0.01% | +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 |