STATE OF MICHIGAN RETIREMENT SYSTEM

Q4 2024 13F-HR Holdings

Location
East Lansing, MI
Holdings as of
12/31/2024
Date filed
2/6/2025
Form type
13F-HR
Num holdings
951
Total value ($000)
$19,235,425
Net value change ($000)
-930,428 (-4.6%)
New positions
22
Sold out positions
21
Turnover %
4.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/4/2024 Next filing: 4/30/2025 SEC filing

Snapshot: Change Analysis

Compared to Q3 2024
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AMZN 122,886 21.6%
TSLA 108,390 54.8%
AVGO 103,291 34.4%
AAPL 84,503 8.1%
NVDA 77,726 7.3%
ANET 45,489 NEW
HUBS 43,994 146.0%
GOOGL 43,425 12.6%
BLK 42,820 NEW
GOOGL 39,188 15.7%
Top Reduces (Value $000, Stocks/ETFs)
SPY -551,510 -30.3%
AGG -418,751 -100.0%
T -248,600 -56.3%
AMD -64,499 -35.5%
MSFT -63,855 -6.1%
CVS -42,176 -20.8%
LLY -40,473 -16.0%
ANET -39,376 -100.0%
BLK -38,143 -100.0%
SMCI -34,478 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type