State of Michigan Retirement System reported 946 positions worth $20.97B for the quarter ended Sep 30, 2026, up 0.8% on the prior quarter. It opened 17 new positions, added to 229, trimmed 599 and exited 6. Its largest holding is Nvidia Corp at 7.6% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| SPCX Space Exploration Technologies Corp | +689.8K | – | $104.06M | 0.496% |
| CHTR Charter Communications, Inc. | +481.9K | +45.0% | $53.45M | 0.821% |
| KR Kroger Co | +399.6K | +13.6% | $23.42M | 0.931% |
| BE Bloom Energy Corp | +74.0K | – | $20.50M | 0.098% |
| COHR Coherent Corp. | +63.9K | +84.0% | $18.39M | 0.192% |
| ZTS Zoetis Inc. | +242.1K | +47.0% | $16.90M | 0.252% |
| BRO Brown & Brown, Inc. | +241.1K | +323.0% | $14.68M | 0.092% |
| SNAP Snap Inc | +2.27M | – | $12.26M | 0.058% |
| FERG Ferguson Enterprises Inc. | +48.6K | – | $10.82M | 0.052% |
| ANET Arista Networks, Inc. | +45.7K | +8.1% | $9.30M | 0.595% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MSFT Microsoft Corp | -102.3K | -5.1% | $52.49M | 4.71% |
| NVDA Nvidia Corp | -161.5K | -2.3% | $36.88M | 7.61% |
| ADBE Adobe Inc. | -148.6K | -11.0% | $35.66M | 1.37% |
| HIMS Hims & Hers Health, Inc. | -1.14M | -48.5% | $33.92M | 0.172% |
| AMD Advanced Micro Devices Inc | -53.0K | -6.7% | $32.42M | 2.15% |
| AAPL Apple Inc. | -93.9K | -2.5% | $31.27M | 5.93% |
| META Meta Platforms, Inc. | -30.1K | -3.9% | $21.79M | 2.53% |
| BURL Burlington Stores, Inc. | -70.0K | -82.5% | $18.70M | 0.019% |
| AMZN Amazon Com Inc | -67.6K | -2.6% | $16.84M | 3.07% |
| GOOGL Alphabet Inc. | -47.1K | -3.0% | $16.21M | 2.51% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| SPCX Space Exploration Technologies Corp | +689.8K | $104.06M | 0.496% |
| BE Bloom Energy Corp | +74.0K | $20.50M | 0.098% |
| SNAP Snap Inc | +2.27M | $12.26M | 0.058% |
| FERG Ferguson Enterprises Inc. | +48.6K | $10.82M | 0.052% |
| RDDT Reddit, Inc. | +36.7K | $5.23M | 0.025% |
| IBRX ImmunityBio, Inc. | +500.0K | $4.72M | 0.023% |
| SUI Sun Communities Inc | +28.6K | $3.17M | 0.015% |
| CORT Corcept Therapeutics Inc | +22.3K | $2.57M | 0.012% |
| AGNC AGNC Investment Corp. | +278.1K | $2.52M | 0.012% |
| BTSG BrightSpring Health Services, Inc. | +39.9K | $2.26M | 0.011% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| BLDR Builders FirstSource, Inc. | -27.5K | $2.46M | 0.012% |
| TTD Trade Desk, Inc. | -109.3K | $1.98M | <0.01% |
| TAP Molson Coors Beverage Co | -41.0K | $1.60M | <0.01% |
| CPRI Capri Holdings Ltd | -27.9K | $517.45K | <0.01% |
| GT Goodyear Tire & Rubber Co | -67.0K | $442.37K | <0.01% |
| SAM Boston Beer Co Inc | -1,783 | $315.64K | <0.01% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA Nvidia Corp | Technology | 6.98M | $1.59B | 7.61% | -161.5K | -2.3% | Reduced | 0.03% |
| 2 | AAPL Apple Inc. | Technology | 3.74M | $1.24B | 5.93% | -93.9K | -2.5% | Reduced | 0.03% |
| 3 | MSFT Microsoft Corp | Technology | 1.92M | $986.75M | 4.71% | -102.3K | -5.1% | Reduced | 0.03% |
| 4 | AMZN Amazon Com Inc | Consumer Discretionary | 2.58M | $642.88M | 3.07% | -67.6K | -2.6% | Reduced | 0.02% |
| 5 | AVGO Broadcom Inc. | Technology | 1.62M | $568.13M | 2.71% | -16.9K | -1.0% | Reduced | 0.03% |
| 6 | META Meta Platforms, Inc. | Technology | 732.0K | $530.83M | 2.53% | -30.1K | -3.9% | Reduced | 0.03% |
| 7 | GOOGL Alphabet Inc. | Technology | 1.53M | $526.95M | 2.51% | -47.1K | -3.0% | Reduced | 0.02% |
| 8 | GOOG Alphabet Inc. | Technology | 1.54M | $526.43M | 2.51% | -16.0K | -1.0% | Reduced | 0.01% |
| 9 | AMD Advanced Micro Devices Inc | Technology | 737.5K | $451.14M | 2.15% | -53.0K | -6.7% | Reduced | 0.05% |
| 10 | MU Micron Technology Inc | Technology | 369.0K | $393.07M | 1.87% | -5,000 | -1.3% | Reduced | 0.03% |
| 11 | ADBE Adobe Inc. | Technology | 1.20M | $288.09M | 1.37% | -148.6K | -11.0% | Reduced | 0.3% |
| 12 | TSLA Tesla, Inc. | Consumer Discretionary | 708.1K | $251.23M | 1.2% | -12.8K | -1.8% | Reduced | 0.02% |
| 13 | HUBS Hubspot Inc | Technology | 1.20M | $246.10M | 1.17% | +11.7K | +1.0% | Added | 2.43% |
| 14 | LLY ELI LILLY & Co | Healthcare | 211.4K | $244.61M | 1.17% | -1,500 | -0.7% | Reduced | 0.02% |
| 15 | JPM Jpmorgan Chase & Co | Financial Services | 667.8K | $220.94M | 1.05% | -18.2K | -2.7% | Reduced | 0.02% |
Tip. Select a row to see that position’s full history at State Of Michigan Retirement System.
As of its Q3 2026 13F filing, State of Michigan Retirement System’s five largest positions were Nvidia Corp (NVDA) at 7.6%, Apple Inc. (AAPL) at 5.9%, Microsoft Corp (MSFT) at 4.7%, Amazon Com Inc (AMZN) at 3.1%, Broadcom Inc. (AVGO) at 2.7% of the reported portfolio.
State of Michigan Retirement System reported a 13F portfolio worth $20.97B across 946 positions for Q3 2026. That is up 0.8% from the previous quarter.
Its largest purchases by value were Space Exploration Technologies Corp ($104.06M), Charter Communications, Inc. ($53.45M), Kroger Co ($23.42M). It opened 17 new positions.
Its largest sales by value were Microsoft Corp ($52.49M), Nvidia Corp ($36.88M), Adobe Inc. ($35.66M). It exited 6 positions entirely.
From the Form 13F-HR reports State of Michigan Retirement System files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.