STATE OF MICHIGAN RETIREMENT SYSTEM
Q4 2021 Form 13-F
EAST LANSING, MICHIGAN
CIK 0000762152
· Institutional investment manager
$19.1B Reported Value Total
Reported value
$19.1B
Quarter over quarter
+8.9%
Holdings
975
Top-10 concentration
35.0%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Karen Stout
Administrator, Trust Accounting Division
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q4 2021 13F record
Q4 2021 13F filing summary
| Period of report | December 31, 2021 |
|---|---|
| Filed | January 27, 2022 |
| Form | 13F-HR |
| Reported value | $19.1B |
| Positions | 975 |
| Change in reported value | +8.5% |
| New positions | 33 |
| Exited positions | 33 |
| Position turnover | 6.6% |
| Top-10 concentration | 35.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 27, 2026
|
966 | $22.6B |
|
Q2 2026 13F
Filed Jul 30, 2026
|
960 | $22.6B |
|
Q1 2026 13F
Filed May 4, 2026
|
941 | $18.9B |
|
Q4 2025 13F
Filed Jan 29, 2026
|
935 | $20.6B |
|
Q3 2025 13F
Filed Nov 5, 2025
|
944 | $20.8B |
|
Q2 2025 13F
Filed Aug 5, 2025
|
944 | $19.3B |
|
Q1 2025 13F
Filed Apr 30, 2025
|
944 | $17.3B |
|
Q4 2024 13F
Filed Feb 6, 2025
|
951 | $19.2B |
|
Q3 2024 13F
Filed Nov 4, 2024
|
950 | $20.2B |
|
Q2 2024 13F
Filed Jul 26, 2024
|
950 | $19.5B |
|
Q1 2024 13F
Filed Apr 18, 2024
|
955 | $18.6B |
|
Q4 2023 13F
Filed Jan 23, 2024
|
958 | $16.8B |
|
Q3 2023 13F
Filed Oct 27, 2023
|
964 | $15.5B |
|
Q2 2023 13F
Filed Jul 26, 2023
|
969 | $16.2B |
|
Q1 2023 13F
Filed Apr 28, 2023
|
968 | $15.2B |
|
Q4 2022 13F
Filed Jan 27, 2023
|
967 | $14.4B |
|
Q3 2022 13F
Filed Oct 24, 2022
|
966 | $13.6B |
|
Q2 2022 13F
Filed Aug 8, 2022
|
970 | $14.6B |
|
Q1 2022 13F
Filed May 4, 2022
|
948 | $17.3B |
|
Q4 2021 13F
Filed Jan 27, 2022
|
975 | $19.1B |
34 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2021
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SPY SPDR S P 500 ETF TR | $2.2B | 11.38% |
| 2 | AAPL APPLE INC | $851.9M | 4.47% |
| 3 | MSFT MICROSOFT CORP | $851.8M | 4.46% |
| 4 | T ATT INC | $574.6M | 3.01% |
| 5 | AMZN AMAZON COM INC | $475.6M | 2.49% |
| 6 | BMY BRISTOL MYERS SQUIBB CO | $373.8M | 1.96% |
| 7 | AGG ISHARES TR | $357.2M | 1.87% |
| 8 | LQD ISHARES TR | $355.7M | 1.86% |
| 9 | GOOGL ALPHABET INC | $333.2M | 1.75% |
| 10 | ATH ATHENE HOLDING LTD | $325.5M | 1.71% |
| 11 | MTUM ISHARES TR | $300.4M | 1.57% |
| 12 | META META PLATFORMS INC | $278.5M | 1.46% |
| 13 | NVDA NVIDIA CORPORATION | $246.8M | 1.29% |
| 14 | TSLA TESLA INC | $216.4M | 1.13% |
| 15 | GOOG ALPHABET INC | $209.9M | 1.1% |
| 16 | SPG SIMON PPTY GROUP INC NEW | $189.8M | 1.0% |
| 17 | VZ VERIZON COMMUNICATIONS INC | $184.1M | 0.96% |
| 18 | UNH UNITEDHEALTH GROUP INC | $164.3M | 0.86% |
| 19 | HD HOME DEPOT INC | $158.0M | 0.83% |
| 20 | CRM SALESFORCE COM INC | $144.9M | 0.76% |
Values as reported on the Q4 2021 Form 13F. Every position is in the holdings table below.