STATE OF MICHIGAN RETIREMENT SYSTEM

Pension

CIK

762152

Location

EAST LANSING, MI

Portfolio Value

Large $20,524,716,125

Diversification

Diversified

Filing Date

Global Rank

#305 / 8,700 ▲ 16

Top Industry

Semiconductors 17.3%

Period ended 2 months ago

Filed Jul 30, 2026 · 44d

26 quarters · since Mar 2020

Portfolio Concentration

944 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

7.0%

+0.3 pts

Top 5

22.1%

−2.8 pts

Top 10

32.8%

−3.1 pts

HHI

159

Diversified−17

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	40.3%	$8,262,309,716	156
Financial Services	11.1%	$2,268,105,163	137
Healthcare	9.1%	$1,869,207,206	102
Consumer Cyclical	8.9%	$1,820,320,904	122
Industrials	8.7%	$1,790,270,632	157
Communication Services	7.7%	$1,584,655,390	30
Consumer Defensive	4.6%	$954,325,939	48
Energy	2.7%	$550,313,585	39
Utilities	2.0%	$400,711,327	45
Real Estate	1.8%	$375,631,188	63
Unclassified	1.6%	$324,828,743	5
Basic Materials	1.6%	$324,036,332	40

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
HUBS	Hubspot Inc	+1,082,487	1,188,887	$216,983,766
SOFI	SoFi Technologies, Inc.	+648,658	1,648,658	$29,560,437
KR	Kroger Co	+644,623	2,929,710	$162,686,796
CHTR	Charter Communications, Inc. /Mo/	+638,815	1,070,397	$152,221,157
ADBE	Adobe Inc.	+528,438	1,349,261	$276,625,490
ZTS	Zoetis Inc.	+399,265	515,029	$37,009,983
KLAC	Kla Corp	+339,712	378,480	$114,191,200
BKNG	Booking Holdings Inc.	+189,916	198,375	$35,358,360
AMD	Advanced Micro Devices Inc	+172,753	790,453	$459,182,052
NU	Nu Holdings Ltd.	+152,000	692,800	$9,255,808
CVNA	Carvana Co.	+146,500	183,400	$12,071,388
DVN	Devon Energy Corp/De	+146,021	367,012	$15,164,935
SPY	Spdr S&P 500 ETF Trust	+136,212	407,152	$304,048,899
DUOL	Duolingo, Inc.	+112,800	1,306,107	$150,228,427
TOST	Toast, Inc.	+109,900	292,900	$8,148,478
F	Ford Motor Co	+92,600	1,519,579	$21,122,148
SHOP	Shopify Inc.	+87,734	187,534	$21,412,632
PLTR	Palantir Technologies Inc.	+71,581	948,281	$110,635,944
NOW	ServiceNow, Inc.	+63,912	382,187	$37,943,525
CPRT	Copart Inc	+63,000	501,908	$14,148,786
CCL	Carnival Corp Ltd.	+62,800	403,344	$11,523,538
CMCSA	Comcast Corp	+57,400	1,175,789	$28,865,619
APO	Apollo Global Management, Inc.	+45,917	167,217	$19,783,443
VEEV	Veeva Systems Inc	+37,000	38,400	$6,814,848
PANW	Palo Alto Networks Inc	+32,939	244,039	$83,222,179
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−1,591,070	1,578,570	$564,133,560
INTC	Intel Corp	−337,330	1,209,653	$168,903,848
NKE	NIKE, Inc.	−154,612	307,103	$12,606,578
CI	Cigna Group	−148,600	79,541	$21,927,862
NVDA	Nvidia Corp	−100,156	7,144,304	$1,429,503,787
META	Meta Platforms, Inc.	−87,360	762,054	$429,257,397
HON	Honeywell International Inc	−84,707	81,108	$18,160,081
DD	DuPont de Nemours, Inc.	−73,997	37,397	$5,072,529
AAPL	Apple Inc.	−70,100	3,830,399	$1,108,364,254
CSCO	Cisco Systems, Inc.	−69,300	1,154,062	$135,556,122
SLB	Slb Limited/Nv	−66,400	401,838	$18,681,448
TDG	TransDigm Group INC	−61,500	14,292	$19,037,515
MRK	Merck & Co., Inc.	−59,700	663,390	$85,245,615
BABA	Alibaba Group Holding Ltd	−56,700	167,200	$16,047,856
AMZN	Amazon Com Inc	−55,241	2,647,879	$631,095,480
AVGO	Broadcom Inc.	−54,418	1,634,642	$617,486,015
HAL	Halliburton Co	−53,900	223,022	$7,571,596
BAC	Bank Of America Corp /De/	−49,200	1,798,812	$102,496,307
UNH	Unitedhealth Group Inc	−48,900	232,519	$96,641,871
FOXA	Fox Corp	−42,131	60,512	$3,156,305
HPE	Hewlett Packard Enterprise Co	−37,800	456,181	$20,578,324
NWSA	News Corp	−35,245	93,454	$2,320,462
AMAT	Applied Materials Inc /De	−32,004	223,051	$161,265,873
MSFT	Microsoft Corp	−31,665	2,026,202	$755,813,870
QCOM	Qualcomm Inc/De	−29,700	304,066	$56,188,356
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
MRVL	Marvell Technology, Inc.	224,200	$66,786,938
MCK	Mckesson Corp	30,800	$23,272,480
HONA	Honeywell Aerospace Inc.	81,107	$17,908,425
CAH	Cardinal Health Inc	60,000	$14,253,600
COR	Cencora, Inc.	49,800	$14,092,404
NET	Cloudflare, Inc.	29,354	$7,199,949
FDXF	FedEx Freight Holding Company, Inc.	35,183	$5,312,633
ROKU	Roku, Inc	33,783	$4,666,783
CDE	Coeur Mining, Inc.	277,700	$4,532,064
CRSP	CRISPR Therapeutics AG	82,547	$4,502,113
SMTC	Semtech Corp	21,800	$3,528,330
ASML	Asml Holding NV	1,646	$3,274,618
SANM	Sanmina Corp	12,500	$3,163,500
DOCN	DigitalOcean Holdings, Inc.	19,000	$2,983,570
VIAV	Viavi Solutions Inc.	54,700	$2,611,925
SN	SharkNinja, Inc.	16,500	$2,512,455
NBIS	Nebius Group N.V.	6,332	$1,748,708
GBTC	Grayscale Bitcoin Trust ETF	37,418	$1,703,267
IESC	IES Holdings, Inc.	2,000	$1,469,320
SIRI	Sirius Xm Holdings Inc.	44,100	$1,302,714
CRCL	Circle Internet Group, Inc.	18,574	$1,163,289
NTLA	Intellia Therapeutics, Inc.	60,339	$1,020,935
IONQ	IonQ, Inc.	17,378	$925,552
QBTS	D-Wave Quantum Inc.	30,426	$729,919
QS	QuantumScape Corp	82,485	$623,586
No positions match the current search.

Sold Out

Positions the filer fully exited

17 positions

Ticker	Company	Shares	Value
AAXJ	iShares MSCI All Country Asia ex Japan ETF	5,848,549	$793,808,956
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	404,788	$59,345,968
BF-B	Brown Forman Corp	89,362	$2,362,730
CAG	Conagra Brands Inc.	124,915	$1,963,663
EPAM	EPAM Systems, Inc.	14,427	$1,953,415
POOL	Pool Corp	8,513	$1,722,435
OKLO	Oklo Inc.	27,500	$1,363,725
CPB	CAMPBELL'S Co	51,401	$1,144,700
BRBR	Bellring Brands, Inc.	28,245	$454,462
FLO	Flowers Foods Inc	50,842	$414,362
BLKB	Blackbaud Inc	8,648	$333,899
CNXC	Concentrix Corp	10,491	$287,033
COTY	Coty Inc.	88,898	$178,684
—		29,613	$0
—		58,165	$0
—		10,996	$0
—		233,459	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

944 tracked positions · $20,524,716,125 total · filing declares 960 positions · $22,589,246,390 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 944 positions by value · page 1 of 19

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	7,144,304	-100,156	$1,429,503,787	+13.1%	6.96%
AAPL	Apple Inc. Technology	Reduced	3,830,399	-70,100	$1,108,364,254	+12.0%	5.40%
MSFT	Microsoft Corp Technology	Reduced	2,026,202	-31,665	$755,813,870	−0.8%	3.68%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	2,647,879	-55,241	$631,095,480	+12.1%	3.07%
AVGO	Broadcom Inc. Technology	Reduced	1,634,642	-54,418	$617,486,015	+18.1%	3.01%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,578,570	-1,591,070	$564,133,560	−38.0%	2.75%
AMD	Advanced Micro Devices Inc Technology	Added	790,453	+172,753	$459,182,052	+265.4%	2.24%
MU	Micron Technology Inc Technology	Added	374,042	+6,700	$431,752,940	+247.9%	2.10%
META	Meta Platforms, Inc. Communication Services	Reduced	762,054	-87,360	$429,257,397	−11.7%	2.09%
SPY	Spdr S&P 500 ETF Trust	Added	407,152	+136,212	$304,048,899	+72.6%	1.48%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	720,857	-13,800	$303,192,454	+11.0%	1.48%
ADBE	Adobe Inc. Technology	Added	1,349,261	+528,438	$276,625,490	+38.6%	1.35%
LLY	ELI LILLY & Co Healthcare	Reduced	212,904	-2,900	$255,363,466	+28.7%	1.24%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	686,031	-18,300	$224,558,527	+8.4%	1.09%
HUBS	Hubspot Inc Technology	Added	1,188,887	+1,082,487	$216,983,766	+735.4%	1.06%
INTC	Intel Corp Technology	Reduced	1,209,653	-337,330	$168,903,848	+147.4%	0.82%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	329,329	-10,416	$164,792,938	−33.0%	0.80%
JNJ	Johnson & Johnson Healthcare	Reduced	642,467	-10,700	$163,167,343	+2.2%	0.79%
KR	Kroger Co Consumer Defensive	Added	2,929,710	+644,623	$162,686,796	−1.6%	0.79%
AMAT	Applied Materials Inc /De Technology	Reduced	223,051	-32,004	$161,265,873	+85.0%	0.79%
LRCX	Lam Research Corp Technology	Reduced	358,800	-2,800	$155,478,804	+101.2%	0.76%
V	Visa Inc. Financial Services	Reduced	453,023	-12,600	$155,427,661	+10.4%	0.76%
CHTR	Charter Communications, Inc. /Mo/ Communication Services	Added	1,070,397	+638,815	$152,221,157	+63.4%	0.74%
XOM	ExxonMobil Holdings Corp Energy	Added	1,106,818	+15,100	$151,324,156	−18.3%	0.74%
DUOL	Duolingo, Inc. Technology	Added	1,306,107	+112,800	$150,228,427	+27.7%	0.73%
VRT	Vertiv Holdings Co Industrials	Added	410,590	+14,990	$137,473,743	+38.7%	0.67%
CSCO	Cisco Systems, Inc. Technology	Reduced	1,154,062	-69,300	$135,556,122	+42.8%	0.66%
WMT	Walmart Inc. Consumer Defensive	Reduced	1,151,220	-20,300	$130,387,177	−10.4%	0.64%
CAT	Caterpillar Inc Industrials	Reduced	117,972	-11,600	$125,628,382	+36.9%	0.61%
MA	Mastercard Inc Financial Services	Reduced	237,681	-2,000	$122,072,961	+1.9%	0.59%
KLAC	Kla Corp Technology	Added	378,480	+339,712	$114,191,200	+100.0%	0.56%
ABBV	AbbVie Inc. Healthcare	Reduced	452,408	-9,300	$113,843,949	+13.4%	0.55%
PLTR	Palantir Technologies Inc. Technology	Added	948,281	+71,581	$110,635,944	−13.7%	0.54%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	117,369	-2,300	$109,795,178	−7.9%	0.53%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	1,798,812	-49,200	$102,496,307	+13.8%	0.50%
GE	General Electric Co Industrials	Reduced	267,161	-6,800	$99,846,080	+28.4%	0.49%
UNH	Unitedhealth Group Inc Healthcare	Reduced	232,519	-48,900	$96,641,871	+26.9%	0.47%
ANET	Arista Networks, Inc. Technology	Added	566,692	+30,736	$96,269,636	+46.3%	0.47%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	614,537	-10,500	$90,115,705	−0.2%	0.44%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	254,984	-5,100	$89,927,757	+5.1%	0.44%
KBDC	Kayne Anderson BDC, Inc. Financial Services	Held	6,566,762	0	$88,848,289	−1.4%	0.43%
SNDK	Sandisk Corp Technology	Reduced	37,901	-700	$86,176,640	+251.4%	0.42%
MRK	Merck & Co., Inc. Healthcare	Reduced	663,390	-59,700	$85,245,615	−2.0%	0.42%
PANW	Palo Alto Networks Inc Technology	Added	244,039	+32,939	$83,222,179	+145.9%	0.41%
KO	Coca Cola Co Consumer Defensive	Reduced	1,021,448	-16,700	$83,013,078	+5.1%	0.40%
NFLX	Netflix Inc Communication Services	Reduced	1,155,690	-7,500	$82,516,266	−26.2%	0.40%
GEV	GE Vernova Inc. Industrials	Reduced	69,840	-600	$82,052,222	+33.4%	0.40%
HIMS	Hims & Hers Health, Inc. Healthcare	Added	2,346,282	+7,682	$81,345,596	+67.6%	0.40%
CVX	Chevron Corp Energy	Reduced	479,339	-10,300	$79,455,232	−21.6%	0.39%
GS	Goldman Sachs Group Inc Financial Services	Reduced	75,567	-2,800	$76,426,196	+15.3%	0.37%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.