STATE OF MICHIGAN RETIREMENT SYSTEM's Q2 2025 13F: 6 new positions, 7 exits
Form 13F-HR for the quarter ended Jun 30, 2025 · filed Aug 5, 2025 · 944 reported positions · accession 0000762152-25-000008
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | RITHM CAPITAL CORP (RITM) | 0.4% | 0.0% | −0.4 pts | −6.07M sh | −95% |
| Reduced | NEXTERA ENERGY INC (NEE) | 0.6% | 0.2% | −0.4 pts | −851K sh | −60% |
| Reduced | BLOCK INC (XYZ) | 0.2% | 0.0% | −0.2 pts | −635K sh | −82% |
| Increased | BIOGEN INC (BIIB) | 0.0% | 0.2% | +0.2 pts | +252K sh | +634% |
| Increased | HIMS HERS HEALTH INC (HIMS) | 0.1% | 0.4% | +0.2 pts | +633K sh | +85% |
| Increased | SPDR S P 500 ETF TR (SPY) | 3.8% | 3.9% | +0.1 pts | +45,700 sh | +4% |
| Reduced | ISHARES TR (MTUM) | 1.5% | 1.5% | 0.0 pts | −89,000 sh | −7% |
| Increased | VERIZON COMMUNICATIONS INC (VZ) | 0.3% | 0.4% | +0.1 pts | +477K sh | +37% |
| New | COINBASE GLOBAL INC (COIN) | — | 0.1% | +0.1 pts | +57,500 sh | new |
| Increased | CAPITAL ONE FINL CORP (COF) | 0.1% | 0.2% | +0.1 pts | +72,108 sh | +65% |
| Increased | ISHARES TR (VLUE) | 0.3% | 0.3% | +0.1 pts | +121K sh | +27% |
| Exited | DISCOVER FINL SVCS (DFS) | 0.1% | — | −0.1 pts | −68,101 sh | −100% |
| Increased | ISHARES TR (QUAL) | 0.2% | 0.2% | +0.1 pts | +62,599 sh | +40% |
| Increased | HOME DEPOT INC (HD) | 0.6% | 0.6% | 0.0 pts | +30,800 sh | +10% |
| Reduced | INTERNATIONAL BUSINESS MACHS (IBM) | 0.4% | 0.4% | 0.0 pts | −38,246 sh | −13% |
| Increased | ALPHABET INC (GOOG) | 1.4% | 1.5% | +0.1 pts | +60,500 sh | +4% |
| Increased | SELECT SECTOR SPDR TR (XLV) | 0.2% | 0.3% | 0.0 pts | +64,600 sh | +22% |
| Reduced | VEEVA SYS INC (VEEV) | 0.0% | 0.0% | 0.0 pts | −29,100 sh | −95% |
| Reduced | BURLINGTON STORES INC (BURL) | 0.3% | 0.2% | −0.1 pts | −34,900 sh | −16% |
| Increased | ADVANCED MICRO DEVICES INC (AMD) | 0.5% | 0.6% | +0.2 pts | +54,560 sh | +7% |
| Increased | JPMORGAN CHASE CO (JPM) | 1.3% | 1.4% | +0.1 pts | +24,100 sh | +3% |
| Reduced | APPLE INC (AAPL) | 5.7% | 4.7% | −1.0 pts | −32,500 sh | −1% |
| Increased | KROGER CO (KR) | 0.1% | 0.1% | 0.0 pts | +81,000 sh | +37% |
| Reduced | META PLATFORMS INC (META) | 2.9% | 3.3% | +0.4 pts | −6,400 sh | −1% |
| Reduced | AT T INC (T) | 0.4% | 0.3% | −0.1 pts | −144K sh | −6% |
| Increased | MICRON TECHNOLOGY INC (MU) | 0.2% | 0.2% | +0.1 pts | +33,700 sh | +10% |
| New | OKTA INC (OKTA) | — | 0.0% | 0.0 pts | +40,200 sh | new |
| Reduced | CONOCOPHILLIPS (COP) | 0.2% | 0.2% | −0.1 pts | −38,100 sh | −10% |
| Increased | QUALCOMM INC (QCOM) | 0.3% | 0.3% | 0.0 pts | +21,200 sh | +7% |
| Reduced | TEXAS INSTRS INC (TXN) | 0.3% | 0.3% | 0.0 pts | −15,404 sh | −6% |
| New | API GROUP CORP (APG) | — | 0.0% | 0.0 pts | +57,700 sh | new |
| Increased | FORTINET INC (FTNT) | 0.1% | 0.1% | 0.0 pts | +25,200 sh | +15% |
| Increased | HDFC BANK LTD (HDB) | 0.1% | 0.1% | 0.0 pts | +34,300 sh | +18% |
| Exited | UNITED STATES STL CORP NEW (X) | 0.0% | — | 0.0 pts | −53,899 sh | −100% |
| Increased | AMAZON COM INC (AMZN) | 3.4% | 3.6% | +0.1 pts | +10,400 sh | 0% |
| Increased | VISA INC (V) | 1.2% | 1.1% | −0.1 pts | +6,100 sh | +1% |
| Exited | BERRY GLOBAL GROUP INC (BERY) | 0.0% | — | 0.0 pts | −27,700 sh | −100% |
| Increased | AMCOR PLC (AMCR) | 0.0% | 0.0% | 0.0 pts | +231K sh | +59% |
| Reduced | MASTERCARD INCORPORATED (MA) | 0.8% | 0.7% | −0.1 pts | −3,700 sh | −1% |
| Increased | MERCK CO INC (MRK) | 0.4% | 0.3% | −0.1 pts | +25,800 sh | +4% |
| Increased | DISNEY WALT CO (DIS) | 0.3% | 0.3% | 0.0 pts | +15,900 sh | +3% |
| Increased | BROADCOM INC (AVGO) | 1.8% | 2.7% | +0.9 pts | +7,000 sh | 0% |
| Increased | AMERICAN TOWER CORP NEW (AMT) | 0.2% | 0.2% | 0.0 pts | +8,700 sh | +7% |
| Reduced | AMPHENOL CORP NEW (APH) | 0.2% | 0.2% | 0.0 pts | −19,300 sh | −4% |
| Reduced | CHEVRON CORP NEW (CVX) | 0.4% | 0.3% | −0.1 pts | −11,800 sh | −3% |
| Increased | PALANTIR TECHNOLOGIES INC (PLTR) | 0.5% | 0.7% | +0.2 pts | +12,300 sh | +1% |
| New |
RALLIANT CORP (RAL)
new — newly listed security (e.g. spin-off)
|
— | 0.0% | 0.0 pts | +32,418 sh | new |
| Reduced | VISTRA CORP (VST) | 0.1% | 0.1% | 0.0 pts | −7,800 sh | −8% |
| Increased | KEURIG DR PEPPER INC (KDP) | 0.1% | 0.1% | 0.0 pts | +45,400 sh | +14% |
| Reduced | JOHNSON CTLS INTL PLC (JCI) | 0.1% | 0.1% | 0.0 pts | −14,086 sh | −7% |
The 50 largest of 805 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
Top 10 positions — 35.7% of the equity book
No changes in the top 10 this quarter
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NVIDIA CORPORATION (NVDA) | 5.3% | 6.9% | |
| 2 | MICROSOFT CORP (MSFT) | 4.9% | 5.8% | |
| 3 | APPLE INC (AAPL) | 5.7% | 4.7% | |
| 4 | SPDR S P 500 ETF TR (SPY) | 3.8% | 3.9% | |
| 5 | AMAZON COM INC (AMZN) | 3.4% | 3.6% | |
| 6 | META PLATFORMS INC (META) | 2.9% | 3.3% | |
| 7 | BROADCOM INC (AVGO) | 1.8% | 2.7% | |
| 8 | ALPHABET INC (GOOGL) | 1.8% | 1.8% | |
| 9 | ISHARES TR (MTUM) | 1.5% | 1.5% | |
| 10 | ALPHABET INC (GOOG) | 1.4% | 1.5% |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).