State of Michigan Retirement System
Annual return '25
+25.8%
SPY '25
+17.7%
Alpha
+8.1ptsvs SPY
Invested
$18.9B
Holdings
940
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 96%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$NVDA
NVIDIA CORPORATION
Q4 2025: Exited (was 8.36M shares)
6.7%
02
$AAPL
APPLE INC
Q4 2025: Exited (was 4.34M shares)
5.2%
03
$MSFT
MICROSOFT CORP
Q4 2025: Exited (was 2.30M shares)
4.0%
04
$AMZN
AMAZON COM INC
Q4 2025: Exited (was 3.08M shares)
3.0%
05
$AVGO
BROADCOM INC
Q4 2025: Exited (was 1.91M shares)
2.8%
06
$META
META PLATFORMS INC
Q4 2025: Exited (was 861.0k shares)
2.6%
07
$GOOGL
ALPHABET INC
Q4 2025: Exited (was 2.00M shares)
2.4%
08
$GOOG
ALPHABET INC
Q4 2025: Exited (was 1.60M shares)
2.4%
09
$MTUM
ISHARES TR
Q4 2025: Exited (was 1.22M shares)
1.7%
10
$TSLA
TESLA INC
Q4 2025: Exited (was 759.0k shares)
1.4%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 08:14 UTC.