STATE OF MICHIGAN RETIREMENT SYSTEM Q4 2025 Filing
Filed January 29, 2026
Portfolio Value
$20.6B
Holdings
935
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (935 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | NVDANVIDIA CORPORATION | 8,060,260 | $1.5B | 7.31% | |
| 2 | AAPLAPPLE INC | 4,183,799 | $1.1B | 5.53% | |
| 3 | MSFTMICROSOFT CORP | 2,233,867 | $1.1B | 5.25% | |
| 4 | AMZNAMAZON COM INC | 3,003,020 | $693.2M | 3.37% | |
| 5 | AVGOBROADCOM INC | 1,846,860 | $639.2M | 3.11% | |
| 6 | GOOGLALPHABET INC | 1,925,280 | $602.6M | 2.93% | |
| 7 | SPYSPDR S P 500 ETF TR | 879,840 | $600.0M | 2.92% | |
| 8 | METAMETA PLATFORMS INC | 848,314 | $560.0M | 2.72% | |
| 9 | GOOGALPHABET INC | 1,568,960 | $492.3M | 2.39% | |
| 10 | TSLATESLA INC | 735,657 | $330.8M | 1.61% | |
| 11 | MTUMISHARES TR | 1,287,290 | $322.2M | 1.57% | |
| 12 | JPMJPMORGAN CHASE CO | 912,731 | $294.1M | 1.43% | |
| 13 | LLYELI LILLY CO | 256,704 | $275.9M | 1.34% | |
| 14 | LQDISHARES TR | 2,172,400 | $239.4M | 1.16% | |
| 15 | VVISA INC | 553,223 | $194.0M | 0.94% | |
| 16 | AMDADVANCED MICRO DEVICES INC | 843,000 | $180.5M | 0.88% | |
| 17 | BRK/BBERKSHIRE HATHAWAY INC DEL | 339,729 | $170.8M | 0.83% | |
| 18 | PLTRPALANTIR TECHNOLOGIES INC | 878,000 | $156.1M | 0.76% | |
| 19 | NFLXNETFLIX INC | 1,599,590 | $150.0M | 0.73% | |
| 20 | COSTCOSTCO WHSL CORP NEW | 169,769 | $146.4M | 0.71% | |
| 21 | MAMASTERCARD INCORPORATED | 241,581 | $137.9M | 0.67% | |
| 22 | JNJJOHNSON JOHNSON | 654,467 | $135.4M | 0.66% | |
| 23 | XOMEXXON MOBIL CORP | 1,104,018 | $132.9M | 0.65% | |
| 24 | WMTWALMART INC | 1,174,420 | $130.8M | 0.64% | |
| 25 | ISRGINTUITIVE SURGICAL INC | 209,353 | $118.6M | 0.58% | |
| 26 | ABBVABBVIE INC | 462,708 | $105.7M | 0.51% | |
| 27 | MUMICRON TECHNOLOGY INC | 367,142 | $104.8M | 0.51% | |
| 28 | BACBANK AMERICA CORP | 1,873,512 | $103.0M | 0.50% | |
| 29 | T7DTRANSDIGM GROUP INC | 75,792 | $100.8M | 0.49% | |
| 30 | DUOLDUOLINGO INC | 560,500 | $98.4M | 0.48% | |
| 31 | CSCOCISCO SYS INC | 1,222,862 | $94.2M | 0.46% | |
| 32 | KBDCKAYNE ANDERSON BDC INC | 6,566,762 | $94.0M | 0.46% | |
| 33 | PGPROCTER AND GAMBLE CO | 629,637 | $90.2M | 0.44% | |
| 34 | HDHOME DEPOT INC | 260,584 | $89.7M | 0.44% | |
| 35 | BRK-BBERKSHIRE HATHAWAY INC DEL | 116 | $87.6M | 0.43% | |
| 36 | KRKROGER CO | 1,392,587 | $87.0M | 0.42% | |
| 37 | ORCLORACLE CORP | 440,332 | $85.8M | 0.42% | |
| 38 | GEGE AEROSPACE | 276,161 | $85.1M | 0.41% | |
| 39 | UNHUNITEDHEALTH GROUP INC | 244,919 | $80.8M | 0.39% | |
| 40 | WFCWELLS FARGO CO NEW | 866,049 | $80.7M | 0.39% | |
| 41 | MRKMERCK CO INC | 724,490 | $76.3M | 0.37% | |
| 42 | CVXCHEVRON CORP NEW | 495,539 | $75.5M | 0.37% | |
| 43 | CATCATERPILLAR INC | 130,472 | $74.7M | 0.36% | |
| 44 | KOCOCA COLA CO | 1,040,348 | $72.7M | 0.35% | |
| 45 | IBMINTERNATIONAL BUSINESS MACHS | 244,740 | $72.5M | 0.35% | |
| 46 | ANETARISTA NETWORKS INC | 536,556 | $70.3M | 0.34% | |
| 47 | GSGOLDMAN SACHS GROUP INC | 78,567 | $69.1M | 0.34% | |
| 48 | IJHISHARES TR | 1,034,810 | $68.3M | 0.33% | |
| 49 | HIMSHIMS HERS HEALTH INC | 2,057,700 | $66.8M | 0.32% | |
| 50 | CRMSALESFORCE INC | 249,243 | $66.0M | 0.32% | |
| 51 | AMATAPPLIED MATLS INC | 256,255 | $65.9M | 0.32% | |
| 52 | 4I1PHILIP MORRIS INTL INC | 407,558 | $65.4M | 0.32% | |
| 53 | RTXRTX CORPORATION | 351,000 | $64.4M | 0.31% | |
| 54 | CITHE CIGNA GROUP | 229,241 | $63.1M | 0.31% | |
| 55 | LRCXLAM RESEARCH CORP | 364,200 | $62.3M | 0.30% | |
| 56 | VLUEISHARES TR | 447,700 | $61.2M | 0.30% | |
| 57 | TRVCCITIGROUP INC | 517,836 | $60.4M | 0.29% | |
| 58 | ABTABBOTT LABS | 472,457 | $59.2M | 0.29% | |
| 59 | QCOMQUALCOMM INC | 335,366 | $57.4M | 0.28% | |
| 60 | MBBISHARES TR | 600,000 | $57.1M | 0.28% | |
| 61 | DISDISNEY WALT CO | 501,366 | $57.0M | 0.28% | |
| 62 | TMOTHERMO FISHER SCIENTIFIC INC | 98,410 | $57.0M | 0.28% | |
| 63 | MCDMCDONALDS CORP | 186,415 | $57.0M | 0.28% | |
| 64 | XLVSELECT SECTOR SPDR TR | 364,188 | $56.4M | 0.27% | |
| 65 | DWDMORGAN STANLEY | 316,226 | $56.1M | 0.27% | |
| 66 | INTCINTEL CORP | 1,494,283 | $55.1M | 0.27% | |
| 67 | LINLINDE PLC | 127,104 | $54.2M | 0.26% | |
| 68 | TAT T INC | 2,170,913 | $53.9M | 0.26% | |
| 69 | TJXTJX COS INC NEW | 348,982 | $53.6M | 0.26% | |
| 70 | PEPPEPSICO INC | 366,122 | $52.5M | 0.26% | |
| 71 | BACVERIZON COMMUNICATIONS INC | 1,284,050 | $52.3M | 0.25% | |
| 72 | APHAMPHENOL CORP NEW | 386,974 | $52.3M | 0.25% | |
| 73 | AXPAMERICAN EXPRESS CO | 140,677 | $52.0M | 0.25% | |
| 74 | APPAPPLOVIN CORP | 75,100 | $50.6M | 0.25% | |
| 75 | ACNACCENTURE PLC IRELAND | 187,338 | $50.3M | 0.24% | |
| 76 | QUALISHARES TR | 245,049 | $48.7M | 0.24% | |
| 77 | NOWSERVICENOW INC | 316,575 | $48.5M | 0.24% | |
| 78 | INTUINTUIT | 72,990 | $48.4M | 0.24% | |
| 79 | KLACKLA CORP | 38,868 | $47.2M | 0.23% | |
| 80 | GEVGE VERNOVA INC | 71,040 | $46.4M | 0.23% | |
| 81 | AMGNAMGEN INC | 140,997 | $46.1M | 0.22% | |
| 82 | BKNGBOOKING HOLDINGS INC | 8,459 | $45.3M | 0.22% | |
| 83 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 148,200 | $45.0M | 0.22% | |
| 84 | BABOEING CO | 204,996 | $44.5M | 0.22% | |
| 85 | UBERUBER TECHNOLOGIES INC | 544,000 | $44.5M | 0.22% | |
| 86 | SPGIS P GLOBAL INC | 84,153 | $44.0M | 0.21% | |
| 87 | NEENEXTERA ENERGY INC | 545,198 | $43.8M | 0.21% | |
| 88 | SCHWSCHWAB CHARLES CORP | 437,266 | $43.7M | 0.21% | |
| 89 | ADBEADOBE INC | 123,223 | $43.1M | 0.21% | |
| 90 | COFCAPITAL ONE FINL CORP | 176,964 | $42.9M | 0.21% | |
| 91 | HUBSHUBSPOT INC | 106,400 | $42.7M | 0.21% | |
| 92 | BLKBLACKROCK INC | 39,271 | $42.0M | 0.20% | |
| 93 | PFEPFIZER INC | 1,670,184 | $41.6M | 0.20% | |
| 94 | TXNTEXAS INSTRS INC | 237,861 | $41.3M | 0.20% | |
| 95 | GILDGILEAD SCIENCES INC | 324,795 | $39.9M | 0.19% | |
| 96 | VRTVERTIV HOLDINGS CO | 239,300 | $38.8M | 0.19% | |
| 97 | ICEINTERCONTINENTAL EXCHANGE IN | 232,842 | $37.7M | 0.18% | |
| 98 | BABAALIBABA GROUP HLDG LTD | 257,000 | $37.7M | 0.18% | |
| 99 | DHRDANAHER CORPORATION | 164,546 | $37.7M | 0.18% | |
| 100 | BSXBOSTON SCIENTIFIC CORP | 388,108 | $37.0M | 0.18% |
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