STATE OF MICHIGAN RETIREMENT SYSTEM
•CIK: 762152•Filing: Q4 2025
The State of Michigan Retirement System, with $20.6 billion in assets, has a notable tech-heavy portfolio, including top holdings in NVDA, AAPL, and MSFT, reflecting a focus on growth-oriented tech stocks. Recently, the fund made significant moves by adding DUOL and LITE, up 3117% and 128% respectively, while exiting SPOT and NRSCF, indicating a strategic pivot towards high-growth potential investments.
Total AUM
$20.6B
QoQ Performance
-1.2%
Positions
926
Top 10 Concentration
43.9%
Latest Filing
Q4 2025
Top Holdings Allocation
NVDA
AAPL
MSFT
NVDA7.3%
AAPL5.5%
MSFT5.3%
AMZN3.4%
AVGO3.1%
GOOGL2.9%
SPY2.9%
META2.7%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Technology39.5%
Other23.9%
Consumer9.6%
Financial8.2%
Healthcare6.4%
ETF3.5%
Industrial2.8%
Communication1.8%
🚪 Exited Positionssold since Q3 2025
+741 more exited positions
Changes from Q3 2025
NEW2 new positions
↑23 increased
↓162 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023