STATE OF MICHIGAN RETIREMENT SYSTEM's Q4 2024 13F: 17 new positions, 16 exits
Form 13F-HR for the quarter ended Dec 31, 2024 · filed Feb 6, 2025 · 951 reported positions · accession 0000762152-25-000003
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | SPDR S P 500 ETF TR (SPY) | 9.0% | 6.6% | −2.4 pts | −1.01M sh | −32% |
| Exited | ISHARES TR (AGG) | 2.1% | — | −2.1 pts | −4.14M sh | −100% |
| Reduced | AT T INC (T) | 2.2% | 1.0% | −1.2 pts | −11.6M sh | −58% |
| Reduced | MICROSOFT CORP (MSFT) | 5.2% | 5.1% | −0.1 pts | −100K sh | −4% |
| Increased | THE CIGNA GROUP (CI) | 0.1% | 0.3% | +0.2 pts | +150K sh | +175% |
| Increased | HUBSPOT INC (HUBS) | 0.1% | 0.4% | +0.2 pts | +49,700 sh | +88% |
| Reduced | NVIDIA CORPORATION (NVDA) | 5.2% | 5.9% | +0.7 pts | −255K sh | −3% |
| Increased | BLOCK INC (XYZ) | 0.1% | 0.2% | +0.2 pts | +301K sh | +125% |
| Increased | AMAZON COM INC (AMZN) | 2.8% | 3.6% | +0.8 pts | +101K sh | +3% |
| New | APOLLO GLOBAL MGMT INC (APO) | — | 0.1% | +0.1 pts | +121K sh | new |
| Reduced | THERMO FISHER SCIENTIFIC INC (TMO) | 0.4% | 0.3% | −0.2 pts | −38,200 sh | −27% |
| Reduced | ADVANCED MICRO DEVICES INC (AMD) | 0.9% | 0.6% | −0.3 pts | −137K sh | −12% |
| Increased | CVS HEALTH CORP (CVS) | 1.0% | 0.8% | −0.2 pts | +355K sh | +11% |
| New | WORKDAY INC (WDAY) | — | 0.1% | +0.1 pts | +57,800 sh | new |
| Reduced | INTEL CORP (INTC) | 0.3% | 0.2% | −0.1 pts | −743K sh | −32% |
| Increased | GE HEALTHCARE TECHNOLOGIES I (GEHC) | 0.2% | 0.2% | 0.0 pts | +150K sh | +46% |
| Reduced | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 0.2% | 0.2% | 0.0 pts | −40,700 sh | −22% |
| Reduced | ELI LILLY CO (LLY) | 1.3% | 1.1% | −0.1 pts | −10,200 sh | −4% |
| New | VERTIV HOLDINGS CO (VRT) | — | 0.0% | 0.0 pts | +68,400 sh | new |
| Increased | BOEING CO (BA) | 0.1% | 0.2% | +0.1 pts | +43,500 sh | +27% |
| Reduced | MODERNA INC (MRNA) | 0.1% | 0.0% | −0.1 pts | −183K sh | −67% |
| New | TRANSMEDICS GROUP INC (TMDX) | — | 0.0% | 0.0 pts | +108K sh | new |
| Reduced | CISCO SYS INC (CSCO) | 0.4% | 0.4% | 0.0 pts | −111K sh | −8% |
| Reduced | PALANTIR TECHNOLOGIES INC (PLTR) | 0.2% | 0.4% | +0.2 pts | −85,100 sh | −8% |
| Increased | APPLE INC (AAPL) | 5.2% | 5.9% | +0.7 pts | +25,274 sh | +1% |
| Increased | TRACTOR SUPPLY CO (TSCO) | 0.0% | 0.1% | 0.0 pts | +118K sh | +71% |
| Reduced | KROGER CO (KR) | 0.2% | 0.2% | 0.0 pts | −102K sh | −14% |
| Increased | VEEVA SYS INC (VEEV) | 0.0% | 0.0% | 0.0 pts | +28,800 sh | +1600% |
| Increased | ISHARES TR (QUAL) | 0.1% | 0.1% | 0.0 pts | +33,200 sh | +27% |
| Reduced | BRISTOL MYERS SQUIBB CO (BMY) | 0.2% | 0.2% | 0.0 pts | −101K sh | −14% |
| Reduced | ALPHABET INC (GOOGL) | 1.7% | 2.0% | +0.3 pts | −27,300 sh | −1% |
| Increased | SELECT SECTOR SPDR TR (XLV) | 0.2% | 0.2% | 0.0 pts | +37,100 sh | +16% |
| New | DOCUSIGN INC (DOCU) | — | 0.0% | 0.0 pts | +52,900 sh | new |
| Exited | MARATHON OIL CORP (MRO) | 0.0% | — | 0.0 pts | −187K sh | −100% |
| Increased | VISA INC (V) | 0.8% | 1.0% | +0.2 pts | +14,700 sh | +3% |
| Increased | ISHARES TR (IJH) | 0.6% | 0.7% | +0.1 pts | +73,500 sh | +4% |
| Increased | NETFLIX INC (NFLX) | 0.5% | 0.7% | +0.2 pts | +5,100 sh | +3% |
| Increased | ALPHABET INC (GOOG) | 1.2% | 1.5% | +0.3 pts | +23,800 sh | +2% |
| Reduced | META PLATFORMS INC (META) | 2.5% | 2.6% | +0.2 pts | −6,300 sh | −1% |
| Reduced | ISHARES TR (MTUM) | 1.3% | 1.4% | +0.1 pts | −17,600 sh | −1% |
| Increased | BIOGEN INC (BIIB) | 0.0% | 0.1% | 0.0 pts | +23,800 sh | +60% |
| New | FLEX LTD (FLEX) | — | 0.0% | 0.0 pts | +91,800 sh | new |
| Increased | PROCTER AND GAMBLE CO (PG) | 0.6% | 0.6% | 0.0 pts | +20,600 sh | +3% |
| Increased | EXPAND ENERGY CORPORATION (EXE) | 0.0% | 0.0% | 0.0 pts | +33,606 sh | +107% |
| Reduced | ALTRIA GROUP INC (MO) | 0.1% | 0.1% | 0.0 pts | −62,968 sh | −12% |
| Increased | CONOCOPHILLIPS (COP) | 0.2% | 0.2% | 0.0 pts | +32,037 sh | +9% |
| Reduced | GILEAD SCIENCES INC (GILD) | 0.2% | 0.2% | 0.0 pts | −33,548 sh | −9% |
| Reduced | INTERCONTINENTAL EXCHANGE IN (ICE) | 0.2% | 0.2% | 0.0 pts | −20,400 sh | −8% |
| Reduced | BERKSHIRE HATHAWAY INC DEL (BRK-B) | 0.8% | 0.8% | 0.0 pts | −6,600 sh | −2% |
| New | RUBRIK INC (RBRK) | — | 0.0% | 0.0 pts | +45,578 sh | new |
The 50 largest of 804 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:
- APTIV PLC (APTV): G6095L109 → G3265R107, 77,849 → 84,249 shares (share count changed with the identifier; not shown as a trade)
- LAM RESEARCH CORP (LRCX): 512807108 → 512807306, 38,080 → 377K shares (share count change consistent with a stock split)
- SUPER MICRO COMPUTER INC (SMCI): 86800U104 → 86800U302, 82,800 → 137K shares (share count changed with the identifier; not shown as a trade)
- BLACKROCK INC (BLK): 09247X101 → 09290D101, 40,171 → 41,771 shares (share count changed with the identifier; not shown as a trade)
- ARISTA NETWORKS INC (ANET): 040413106 → 040413205, 103K → 412K shares (share count change consistent with a stock split)
Top 10 positions — 36.9% of the equity book
Changes in the top 10 this quarter: TSLA entered · GOOG entered · T left · AGG left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR S P 500 ETF TR (SPY) | 9.0% | 6.6% | |
| 2 | NVIDIA CORPORATION (NVDA) | 5.2% | 5.9% | |
| 3 | APPLE INC (AAPL) | 5.2% | 5.9% | |
| 4 | MICROSOFT CORP (MSFT) | 5.2% | 5.1% | |
| 5 | AMAZON COM INC (AMZN) | 2.8% | 3.6% | |
| 6 | META PLATFORMS INC (META) | 2.5% | 2.6% | |
| 7 | BROADCOM INC (AVGO) | 1.5% | 2.1% | |
| 8 | ALPHABET INC (GOOGL) | 1.7% | 2.0% | |
| 9 | TESLA INC (TSLA) | 1.0% | 1.6% | Entered the top 10 |
| 10 | ALPHABET INC (GOOG) | 1.2% | 1.5% | Entered the top 10 |
| — | AT T INC (T) | 2.2% | 1.0% | Left the top 10 |
| — | ISHARES TR (AGG) | 2.1% | 0.0% | 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).