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 |
|---|---|---|---|---|---|
| 101 | PGRPROGRESSIVE CORP | 159,088 | $36.2B | 176.16% | |
| 102 | UNPUNION PAC CORP | 155,245 | $35.9B | 174.62% | |
| 103 | LOWLOWES COS INC | 146,870 | $35.4B | 172.23% | |
| 104 | ADIANALOG DEVICES INC | 128,755 | $34.9B | 169.79% | |
| 105 | CMCSACOMCAST CORP NEW | 1,132,489 | $33.9B | 164.60% | |
| 106 | WELLWELLTOWER INC | 179,709 | $33.4B | 162.19% | |
| 107 | PANWPALO ALTO NETWORKS INC | 179,100 | $33.0B | 160.42% | |
| 108 | PLDPROLOGIS INC | 254,567 | $32.5B | 158.03% | |
| 109 | HONHONEYWELL INTL INC | 166,215 | $32.4B | 157.68% | |
| 110 | ETNEATON CORP PLC | 101,656 | $32.4B | 157.44% | |
| 111 | MDTMEDTRONIC PLC | 335,798 | $32.3B | 156.85% | |
| 112 | BMYBRISTOL MYERS SQUIBB CO | 590,933 | $31.9B | 154.99% | |
| 113 | SYKSTRYKER CORPORATION | 90,099 | $31.7B | 153.98% | |
| 114 | NEMNEWMONT CORP | 315,245 | $31.5B | 153.06% | |
| 115 | VRTXVERTEX PHARMACEUTICALS INC | 69,223 | $31.4B | 152.60% | |
| 116 | CRWDCROWDSTRIKE HLDGS INC | 65,700 | $30.8B | 149.75% | |
| 117 | GMGENERAL MTRS CO | 378,108 | $30.7B | 149.51% | |
| 118 | DEDEERE CO | 65,857 | $30.7B | 149.09% | |
| 119 | COPCONOCOPHILLIPS | 323,528 | $30.3B | 147.26% | |
| 120 | ADPAUTOMATIC DATA PROCESSING IN | 117,603 | $30.3B | 147.10% | |
| 121 | CBCHUBB LIMITED | 95,787 | $29.9B | 145.38% | |
| 122 | CVSCVS HEALTH CORP | 375,677 | $29.8B | 144.97% | |
| 123 | BXBLACKSTONE INC | 193,300 | $29.8B | 144.88% | |
| 124 | NKENIKE INC | 461,815 | $29.4B | 143.07% | |
| 125 | PHPARKER HANNIFIN CORP | 32,996 | $29.0B | 141.03% | |
| 126 | CEGCONSTELLATION ENERGY CORP | 81,767 | $28.9B | 140.46% | |
| 127 | LMTLOCKHEED MARTIN CORP | 58,118 | $28.1B | 136.68% | |
| 128 | CMECME GROUP INC | 98,344 | $26.9B | 130.59% | |
| 129 | SOFISOFI TECHNOLOGIES INC | 1,000,000 | $26.2B | 127.30% | |
| 130 | TMUST MOBILE US INC | 125,941 | $25.6B | 124.34% | |
| 131 | MOALTRIA GROUP INC | 439,442 | $25.3B | 123.21% | |
| 132 | SOSOUTHERN CO | 288,223 | $25.1B | 122.21% | |
| 133 | SBUXSTARBUCKS CORP | 297,659 | $25.1B | 121.88% | |
| 134 | MRSHMARSH MCLENNAN COS INC | 132,575 | $24.6B | 119.60% | |
| 135 | BURLBURLINGTON STORES INC | 84,800 | $24.5B | 119.11% | |
| 136 | TTTRANE TECHNOLOGIES PLC | 62,813 | $24.4B | 118.87% | |
| 137 | DUKDUKE ENERGY CORP NEW | 203,636 | $23.9B | 116.06% | |
| 138 | CDNSCADENCE DESIGN SYSTEM INC | 76,123 | $23.8B | 115.70% | |
| 139 | USBUS BANCORP DEL | 436,882 | $23.3B | 113.36% | |
| 140 | HOODROBINHOOD MKTS INC | 205,900 | $23.3B | 113.24% | |
| 141 | KKRKKR CO INC | 179,700 | $22.9B | 111.39% | |
| 142 | SNPSSYNOPSYS INC | 48,654 | $22.9B | 111.13% | |
| 143 | PNCPNC FINL SVCS GROUP INC | 109,256 | $22.8B | 110.89% | |
| 144 | GDGENERAL DYNAMICS CORP | 66,412 | $22.4B | 108.72% | |
| 145 | ELVELEVANCE HEALTH INC FORMERLY | 63,651 | $22.3B | 108.49% | |
| 146 | MMM3M CO | 139,105 | $22.3B | 108.29% | |
| 147 | DASHDOORDASH INC | 97,900 | $22.2B | 107.81% | |
| 148 | MLB1MERCADOLIBRE INC | 11,000 | $22.2B | 107.74% | |
| 149 | MSCIMSCI INC | 38,502 | $22.1B | 107.41% | |
| 150 | EWEDWARDS LIFESCIENCES CORP | 257,351 | $21.9B | 106.68% | |
| 151 | RHCRH PLC | 175,500 | $21.9B | 106.50% | |
| 152 | HDBHDFC BANK LTD | 595,200 | $21.7B | 105.75% | |
| 153 | UPSUNITED PARCEL SERVICE INC | 218,414 | $21.7B | 105.34% | |
| 154 | HWMHOWMET AEROSPACE INC | 105,245 | $21.6B | 104.92% | |
| 155 | MCOMOODYS CORP | 42,206 | $21.6B | 104.84% | |
| 156 | AMTAMERICAN TOWER CORP NEW | 122,584 | $21.5B | 104.65% | |
| 157 | WMWASTE MGMT INC DEL | 96,988 | $21.3B | 103.62% | |
| 158 | IDXXIDEXX LABS INC | 31,355 | $21.2B | 103.15% | |
| 159 | BKBANK NEW YORK MELLON CORP | 182,537 | $21.2B | 103.04% | |
| 160 | OSCROSCAR HEALTH INC | 1,450,000 | $20.8B | 101.32% | |
| 161 | TELTE CONNECTIVITY PLC | 91,223 | $20.8B | 100.92% | |
| 162 | REGNREGENERON PHARMACEUTICALS | 26,421 | $20.4B | 99.16% | |
| 163 | FDXFEDEX CORP | 70,467 | $20.4B | 98.98% | |
| 164 | SHWSHERWIN WILLIAMS CO | 62,756 | $20.3B | 98.88% | |
| 165 | ORLYOREILLY AUTOMOTIVE INC | 220,945 | $20.2B | 97.99% | |
| 166 | NOCNORTHROP GRUMMAN CORP | 35,118 | $20.0B | 97.37% | |
| 167 | AONAON PLC | 56,258 | $19.9B | 96.53% | |
| 168 | EQIXEQUINIX INC | 25,717 | $19.7B | 95.81% | |
| 169 | EMREMERSON ELEC CO | 147,120 | $19.5B | 94.94% | |
| 170 | HCAHCA HEALTHCARE INC | 41,809 | $19.5B | 94.91% | |
| 171 | CSXCSX CORP | 533,284 | $19.3B | 94.00% | |
| 172 | WMBWILLIAMS COS INC | 319,721 | $19.2B | 93.45% | |
| 173 | JCIJOHNSON CTLS INTL PLC | 159,956 | $19.2B | 93.14% | |
| 174 | ITWILLINOIS TOOL WKS INC | 77,536 | $19.1B | 92.86% | |
| 175 | FCXFREEPORT MCMORAN INC | 375,933 | $19.1B | 92.84% | |
| 176 | SHOPSHOPIFY INC | 117,200 | $18.9B | 91.73% | |
| 177 | FFORD MTR CO | 1,427,879 | $18.7B | 91.09% | |
| 178 | WBDWARNER BROS DISCOVERY INC | 648,741 | $18.7B | 90.91% | |
| 179 | SPGSIMON PPTY GROUP INC NEW | 100,449 | $18.6B | 90.42% | |
| 180 | XYZBLOCK INC | 284,646 | $18.5B | 90.09% | |
| 181 | CITCINTAS CORP | 98,072 | $18.4B | 89.69% | |
| 182 | CMICUMMINS INC | 36,131 | $18.4B | 89.68% | |
| 183 | MDLZMONDELEZ INTL INC | 337,770 | $18.2B | 88.41% | |
| 184 | MARMARRIOTT INTL INC NEW | 58,336 | $18.1B | 88.00% | |
| 185 | TFCTRUIST FINL CORP | 365,643 | $18.0B | 87.49% | |
| 186 | SLBSLB LIMITED | 468,738 | $18.0B | 87.48% | |
| 187 | MSIMOTOROLA SOLUTIONS INC | 46,708 | $17.9B | 87.06% | |
| 188 | GLWCORNING INC | 204,299 | $17.9B | 86.98% | |
| 189 | WDCWESTERN DIGITAL CORP | 103,657 | $17.9B | 86.83% | |
| 190 | ADSKAUTODESK INC | 60,123 | $17.8B | 86.54% | |
| 191 | PCARPACCAR INC | 162,266 | $17.8B | 86.40% | |
| 192 | APOAPOLLO GLOBAL MGMT INC | 121,600 | $17.6B | 85.59% | |
| 193 | TRVTRAVELERS COMPANIES INC | 60,653 | $17.6B | 85.55% | |
| 194 | ECLECOLAB INC | 66,740 | $17.5B | 85.19% | |
| 195 | HLTHILTON WORLDWIDE HLDGS INC | 60,823 | $17.5B | 84.95% | |
| 196 | AJGGALLAGER ARTHUR J CO | 67,187 | $17.4B | 84.55% | |
| 197 | CPRTCOPART INC | 439,408 | $17.2B | 83.65% | |
| 198 | NSCNORFOLK SOUTHN CORP | 58,790 | $17.0B | 82.53% | |
| 199 | CLCOLGATE PALMOLIVE CO | 211,029 | $16.7B | 81.08% | |
| 200 | EOGEOG RES INC | 157,352 | $16.5B | 80.35% |