STATE OF MICHIGAN RETIREMENT SYSTEM's Q1 2024 13F: 15 new positions, 20 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed Apr 18, 2024 · 955 reported positions · accession 0000762152-24-000003
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | NEXTERA ENERGY INC (NEE) | 0.2% | 1.0% | +0.8 pts | +2.25M sh | +401% |
| Reduced | SPDR S P 500 ETF TR (SPY) | 9.5% | 8.8% | −0.7 pts | −235K sh | −7% |
| Exited | ISHARES TR (AGG) | 0.6% | — | −0.6 pts | −978K sh | −100% |
| Increased | ISHARES TR (MBB) | 0.3% | 0.8% | +0.5 pts | +1.03M sh | +190% |
| Increased | BRISTOL MYERS SQUIBB CO (BMY) | 0.2% | 0.6% | +0.4 pts | +1.3M sh | +208% |
| Reduced | PALO ALTO NETWORKS INC (PANW) | 0.5% | 0.1% | −0.4 pts | −209K sh | −71% |
| Reduced | APOLLO GLOBAL MGMT INC (APO) | 0.6% | 0.4% | −0.2 pts | −501K sh | −43% |
| Increased | SUPER MICRO COMPUTER INC (SMCI) | 0.0% | 0.4% | +0.3 pts | +54,900 sh | +465% |
| Increased | MICROSOFT CORP (MSFT) | 5.3% | 5.6% | +0.3 pts | +99,300 sh | +4% |
| Reduced | ALPHABET INC (GOOGL) | 1.9% | 1.7% | −0.2 pts | −224K sh | −10% |
| New | ARM HOLDINGS PLC (ARM) | — | 0.2% | +0.2 pts | +228K sh | new |
| Increased | ADVANCED MICRO DEVICES INC (AMD) | 0.7% | 0.9% | +0.2 pts | +142K sh | +18% |
| New | NOVO NORDISK A S (NVO) | — | 0.1% | +0.1 pts | +200K sh | new |
| Reduced | UNITEDHEALTH GROUP INC (UNH) | 1.0% | 0.7% | −0.3 pts | −49,800 sh | −16% |
| Increased | ELI LILLY CO (LLY) | 0.8% | 1.1% | +0.3 pts | +30,200 sh | +13% |
| Increased | COSTCO WHSL CORP NEW (COST) | 0.5% | 0.6% | +0.1 pts | +30,400 sh | +24% |
| Exited | ISHARES TR (TLT) | 0.1% | — | −0.1 pts | −200K sh | −100% |
| Reduced | APPLE INC (AAPL) | 5.1% | 4.0% | −1.1 pts | −126K sh | −3% |
| Increased | META PLATFORMS INC (META) | 1.7% | 2.3% | +0.5 pts | +40,100 sh | +5% |
| Exited | SELECT SECTOR SPDR TR (XLE) | 0.1% | — | −0.1 pts | −200K sh | −100% |
| Reduced | PEPSICO INC (PEP) | 0.5% | 0.4% | −0.1 pts | −99,800 sh | −20% |
| Reduced | MASTERCARD INCORPORATED (MA) | 0.9% | 0.8% | −0.1 pts | −36,200 sh | −10% |
| Exited | SHIFT4 PMTS INC (FOUR) | 0.1% | — | −0.1 pts | −175K sh | −100% |
| Increased | ISHARES TR (VLUE) | 0.2% | 0.3% | +0.1 pts | +133K sh | +41% |
| Reduced | ISHARES TR (MTUM) | 1.4% | 1.4% | 0.0 pts | −75,200 sh | −5% |
| Reduced | BOEING CO (BA) | 0.4% | 0.2% | −0.2 pts | −68,600 sh | −30% |
| Increased | NETFLIX INC (NFLX) | 0.4% | 0.5% | +0.1 pts | +18,700 sh | +14% |
| Reduced | EXPEDIA GROUP INC (EXPE) | 0.1% | 0.0% | −0.1 pts | −75,600 sh | −64% |
| Increased | BROADCOM INC (AVGO) | 1.1% | 1.2% | +0.1 pts | +6,600 sh | +4% |
| Increased | ARISTA NETWORKS INC (ANET) | 0.1% | 0.2% | +0.1 pts | +27,700 sh | +38% |
| Reduced | INTUITIVE SURGICAL INC (ISRG) | 0.4% | 0.4% | 0.0 pts | −19,800 sh | −9% |
| New | SOFI TECHNOLOGIES INC (SOFI) | — | 0.0% | 0.0 pts | +1M sh | new |
| Exited | UIPATH INC (PATH) | 0.0% | — | 0.0 pts | −261K sh | −100% |
| New | ISHARES TR (IBB) | — | 0.0% | 0.0 pts | +50,000 sh | new |
| Exited | SNAP INC (SNAP) | 0.0% | — | 0.0 pts | −359K sh | −100% |
| Exited | FLEETCOR TECHNOLOGIES INC (FLT) | 0.0% | — | 0.0 pts | −19,784 sh | −100% |
| New |
CORPAY INC (CPAY)
new — newly listed security (e.g. spin-off)
|
— | 0.0% | 0.0 pts | +19,784 sh | new |
| Reduced | ISHARES TR (IJH) | 0.7% | 0.6% | 0.0 pts | −93,700 sh | −5% |
| Reduced | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 0.2% | 0.2% | 0.0 pts | −39,000 sh | −14% |
| New | SPDR SER TR (XBI) | — | 0.0% | 0.0 pts | +50,000 sh | new |
| Exited | BLACKBERRY LTD (BB) | 0.0% | — | 0.0 pts | −1M sh | −100% |
| Increased | DISNEY WALT CO (DIS) | 0.4% | 0.5% | +0.1 pts | +31,600 sh | +4% |
| Reduced | ONEMAIN HLDGS INC (OMF) | 0.4% | 0.3% | 0.0 pts | −75,000 sh | −6% |
| New | PURE STORAGE INC (PSTG) | — | 0.0% | 0.0 pts | +72,900 sh | new |
| Exited | TELADOC HEALTH INC (TDOC) | 0.0% | — | 0.0 pts | −133K sh | −100% |
| Increased | ISHARES TR (QUAL) | 0.2% | 0.2% | 0.0 pts | +19,000 sh | +9% |
| Reduced | HOME DEPOT INC (HD) | 0.6% | 0.6% | 0.0 pts | −8,100 sh | −3% |
| Reduced | RTX CORPORATION (RTX) | 0.2% | 0.2% | 0.0 pts | −30,200 sh | −7% |
| New | AMERICAN HOMES 4 RENT (AMH) | — | 0.0% | 0.0 pts | +78,100 sh | new |
| New | HIMS HERS HEALTH INC (HIMS) | — | 0.0% | 0.0 pts | +180K sh | new |
The 50 largest of 795 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- COOPER COS INC (COO): 216648402 → 216648501, 13,536 → 54,444 shares (share count change consistent with a stock split)
Top 10 positions — 34.7% of the equity book
Changes in the top 10 this quarter: MTUM entered · LQD left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR S P 500 ETF TR (SPY) | 9.5% | 8.8% | |
| 2 | MICROSOFT CORP (MSFT) | 5.3% | 5.6% | |
| 3 | NVIDIA CORPORATION (NVDA) | 2.7% | 4.4% | |
| 4 | APPLE INC (AAPL) | 5.1% | 4.0% | |
| 5 | AMAZON COM INC (AMZN) | 2.7% | 2.9% | |
| 6 | META PLATFORMS INC (META) | 1.7% | 2.3% | |
| 7 | VERIZON COMMUNICATIONS INC (VZ) | 1.8% | 1.9% | |
| 8 | AT T INC (T) | 1.8% | 1.7% | |
| 9 | ALPHABET INC (GOOGL) | 1.9% | 1.7% | |
| 10 | ISHARES TR (MTUM) | 1.4% | 1.4% | Entered the top 10 |
| — | ISHARES TR (LQD) | 1.4% | 1.3% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).