Q3 2026 13F · SEC CIK 762152

State of Michigan Retirement System

Pension fundFiled 2026-10-27 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $22.6B
Reported positions: 966
Top holdings a year, 3 yrs: +25.0%
Average holding period: 9.6 yrs

State of Michigan Retirement System is a pension fund that reported 966 positions worth $22.6B in its Q3 2026 13F, filed 2026-10-27. Its largest holdings were Nvidia Corporation (NVDA, 7.1%), Apple Inc (AAPL, 5.5%), Microsoft Corp (MSFT, 4.4%). A portfolio copying its top holdings returned 25.0% a year over the last 3 years, against 20.4% for the S&P 500.

State of Michigan Retirement System holdings largest 50 of 966 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

State of Michigan Retirement System 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
NVDANvidia Corporation	7.1%	6.3%	6,982,804	-2.3%	$1.6B
AAPLApple Inc	5.5%	4.9%	3,736,499	-2.5%	$1.2B
MSFTMicrosoft Corp	4.4%	3.3%	1,923,862	-5.1%	$986.7M
AMZNAmazon Com Inc	2.8%	2.8%	2,580,279	-2.6%	$642.9M
AVGOBroadcom Inc	2.5%	2.7%	1,617,742	-1.0%	$568.1M
METAMeta Platforms Inc	2.3%	1.9%	732,004	-3.9%	$530.8M
GOOGLAlphabet Inc	2.3%	2.5%	1,531,470	-3.0%	$526.9M
GOOGAlphabet Inc	2.3%	2.4%	1,544,960	-1.0%	$526.4M
AMDAdvanced Micro Devices Inc	2.0%	2.0%	737,453	-6.7%	$451.1M
MTUMIshares Tr	1.9%	2.0%	1,317,990	+1.2%	$418.3M
MUMicron Technology Inc	1.7%	1.9%	369,042	-1.3%	$393.1M
LQDIshares Tr	1.4%	1.5%	3,072,400	+0.0%	$313.9M
ADBEAdobe Inc	1.3%	1.2%	1,200,661	-11.0%	$288.1M
TSLATesla Inc	1.1%	1.3%	708,057	-1.8%	$251.2M
HUBSHubspot Inc	1.1%	1.0%	1,200,587	+1.0%	$246.1M
LLYEli Lilly & Co	1.1%	1.1%	211,404	-0.7%	$244.6M
SPYState Str Spdr S&p 500 ETF T	1.0%	1.3%	293,523	-27.9%	$223.8M
JPMJpmorgan Chase & Co	1.0%	1.0%	667,831	-2.7%	$220.9M
KRKroger Co	0.9%	0.7%	3,329,291	+13.6%	$195.2M
DUOLDuolingo Inc	0.8%	0.7%	1,299,907	-0.5%	$185.1M
XOMExxonmobil Holdings Corp	0.8%	—	1,078,618	—	$175.5M
CHTRCharter Communications Inc	0.8%	0.7%	1,552,322	+45.0%	$172.2M
PLTRPalantir Technologies Inc	0.8%	0.5%	918,814	-3.1%	$171.9M
JNJJohnson & Johnson	0.7%	0.7%	631,567	-1.7%	$167.2M
VVisa Inc	0.7%	0.7%	456,223	+0.7%	$163.9M
BRK-BBerkshire Hathaway Inc Del	0.7%	0.7%	318,329	-3.3%	$158.5M
INTCIntel Corp	0.7%	0.7%	1,248,453	+3.2%	$150.1M
MAMastercard Incorporated	0.6%	0.5%	234,181	-1.5%	$129.1M
ANETArista Networks Inc	0.6%	0.4%	612,392	+8.1%	$124.7M
AGGIshares Tr	0.5%	0.4%	1,300,000	+44.4%	$122.9M
CSCOCisco Sys Inc	0.5%	0.6%	1,132,962	-1.8%	$121.9M
WMTWalmart Inc	0.5%	0.6%	1,148,420	-0.2%	$119.3M
ABBVAbbvie Inc	0.5%	0.5%	444,008	-1.9%	$116.1M
LRCXLam Research Corp	0.5%	0.7%	353,000	-1.6%	$116.0M
AMATApplied Matls Inc	0.5%	0.7%	219,351	-1.7%	$112.2M
COSTCostco Wholesale Corporation	0.5%	0.5%	115,269	-1.8%	$104.9M
SPCXSpace Exploration Techn Corp	0.5%	—	689,800	—	$104.1M
CVXChevron Corporation	0.4%	—	496,439	—	$101.4M
VRTVertiv Holdings Co	0.4%	0.6%	414,740	+1.0%	$100.1M
BACBank of Amer Corp	0.4%	0.5%	1,761,012	-2.1%	$95.9M
MRKMerck & Co Inc	0.4%	—	650,890	—	$94.6M
CATCaterpillar Inc	0.4%	0.6%	115,472	-2.1%	$93.6M
SECUBlackrock ETF Trust II	0.4%	0.4%	1,900,000	+0.0%	$92.3M
QUALIshares Tr	0.4%	0.4%	407,149	-3.0%	$90.5M
PANWPalo Alto Networks Inc	0.4%	—	220,739	—	$87.7M
PGProcter & Gamble Co	0.4%	0.4%	602,337	-2.0%	$87.5M
BRK-ABerkshire Hathaway Inc Del	0.4%	0.4%	116	+0.0%	$86.7M
KOCoca Cola Co	0.4%	—	1,002,948	—	$86.3M
UNHUnitedhealth Group Inc	0.4%	0.4%	225,519	-3.0%	$82.8M
KBDCKayne Anderson Bdc Inc	0.4%	0.4%	6,566,762	+0.0%	$82.5M

What State of Michigan Retirement System bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

CHTR Charter Communications Inc+45.0% shares
AGG Ishares Tr+44.4% shares
KR Kroger Co+13.6% shares
ANET Arista Networks Inc+8.1% shares

Reduced

SPY State Str Spdr S&p 500 ETF T-27.9% shares
ADBE Adobe Inc-11.0% shares
AMD Advanced Micro Devices Inc-6.7% shares
MSFT Microsoft Corp-5.1% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +17.3% /yr; S&P 500 +20.1%
3 years: +25.0% /yr; S&P 500 +20.4%
5 years: +13.9% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$22.6B	966
Q2 2026	$22.6B	960
Q1 2026	$18.9B	941
Q4 2025	$20.6B	935
Q3 2025	$20.8B	944
Q2 2025	$19.3B	944
Q1 2025	$17.3B	944
Q4 2024	$19.2B	951
Q3 2024	$20.2B	950
Q2 2024	$19.5B	950
Q1 2024	$18.6B	955
Q4 2023	$16.8B	958

Questions about State of Michigan Retirement System's portfolio

What stocks does State of Michigan Retirement System own?

State of Michigan Retirement System's latest 13F, for Q3 2026 and filed Oct 27, 2026, lists 966 positions worth $22.6B. The largest are Nvidia Corporation (NVDA) at 7.1%, Apple Inc (AAPL) at 5.5%, Microsoft Corp (MSFT) at 4.4%, Amazon Com Inc (AMZN) at 2.8% and Broadcom Inc (AVGO) at 2.5%.

What did State of Michigan Retirement System buy last quarter?

In Q3 2026, State of Michigan Retirement System added Charter Communications Inc (CHTR) (+45.0% shares), Ishares Tr (AGG) (+44.4% shares) and Kroger Co (KR) (+13.6% shares), compared with its Q2 2026 filing.

What did State of Michigan Retirement System sell last quarter?

In Q3 2026, State of Michigan Retirement System cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Kla Corp (KLAC), cut from its top 50 Ge Aerospace (GE), cut from its top 50 Ishares Tr (IJH), cut from its top 50 Home Depot Inc (HD), State Str Spdr S&p 500 ETF T (SPY) (-27.9% shares), Adobe Inc (ADBE) (-11.0% shares) and Advanced Micro Devices Inc (AMD) (-6.7% shares), compared with its Q2 2026 filing.

How has State of Michigan Retirement System's portfolio performed?

A portfolio copying State of Michigan Retirement System's 20 largest 13F holdings each quarter, from the day each filing was public, returned +25.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +17.3% against +20.1%. Over 5 years: +13.9% a year against +11.6%.

When is State of Michigan Retirement System's next 13F filing due?

13F filings are due 45 days after each quarter ends. State of Michigan Retirement System's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.