STATE OF MICHIGAN RETIREMENT SYSTEM

Q1 2026 13F-HR Holdings

Location
East Lansing, MI
Holdings as of
3/31/2026
Date filed
5/4/2026
Form type
13F-HR
Num holdings
941
Total value ($000)
$18,932,550
Net value change ($000)
-1,632,490 (-7.9%)
New positions
23
Sold out positions
17
Turnover %
0.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 1/29/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
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)
ADBE 156,399 362.6%
CHTR 87,701 1603.6%
KR 78,340 90.0%
VRT 60,360 155.7%
XOM 52,363 39.4%
FDS 41,673 366.0%
MOH 27,534 1181.2%
SPOT 27,170 NEW
CVX 25,781 34.1%
JNJ 24,218 17.9%
Top Reduces (Value $000, Stocks/ETFs)
SPY -423,777 -70.6%
MSFT -318,582 -29.5%
NVDA -239,804 -16.0%
AAPL -147,500 -13.0%
GOOGL -143,558 -23.8%
AMZN -130,178 -18.8%
AVGO -116,417 -18.2%
JPM -86,914 -29.6%
LLY -77,385 -28.1%
META -73,989 -13.2%
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