STATE TREASURER STATE OF MICHIGAN

STATE TREASURER STATE OF MICHIGAN is an institution, managing $20.8B across 947 long positions as of Q3 2025 with 33% Technology concentration.

Top Holdings

Largest long holdings in STATE TREASURER STATE OF MICHIGAN's portfolio (37.6% of total portfolio)

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Nvidia NVDA	Semiconductors Technology	$1.6B	7.49%	-$15.2M Sold	0.03% 8.4M shares	≤ Q2 2013 Held for 12y 5m+
2 Microsoft MSFT	Software - Infrastructure Technology	$1.2B	5.71%	+$19.1M Bought	0.03% 2.3M shares	≤ Q2 2013 Held for 12y 5m+
3 Apple AAPL	Consumer Electronics Technology	$1.1B	5.30%	-$12.1M Sold	0.03% 4.3M shares	≤ Q2 2013 Held for 12y 5m+
4 SPDR S&P 500 ETF Trust SPY	ETF ETF	$820.6M	3.94%	+$11.0M Bought	— 1.2M shares	≤ Q2 2013 Held for 12y 5m+
5 Amazon AMZN	Specialty Retail Consumer Cyclical	$676.5M	3.25%	-$13.4M Sold	0.03% 3.1M shares	≤ Q2 2013 Held for 12y 5m+
6 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$632.3M	3.04%	-$2.8M Sold	0.03% 861.0K shares	Q4 2013 Held for 11y 11m
7 Broadcom Inc. AVGO	Semiconductors Technology	$628.5M	3.02%	-$2.1M Sold	0.04% 1.9M shares	Q2 2014 Held for 11y 5m
8 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$486.7M	2.34%	-$2.3M Sold	0.02% 2.0M shares	≤ Q2 2013 Held for 12y 5m+
9 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$388.5M	1.87%	-$3.3M Sold	0.01% 1.6M shares	Q2 2014 Held for 11y 5m
10 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$337.5M	1.62%	-$1.3M Sold	0.02% 759.0K shares	Q4 2020 Held for 4y 11m

Portfolio activity, position movements, and quarter-over-quarter changes in STATE TREASURER STATE OF MICHIGAN's latest filing

Market Value

$20.8B

Prior: $19.3B

Q/Q Change

+7.74%

+$1.5B

Net Flows % of MV

+0.015%

Turnover Ratio

1.78%

New Purchases

12 stocks

$118.4M

Added To

154 stocks

+$241.7M

Sold Out Of

20 stocks

$67.2M

Reduced Holdings

704 stocks

-$289.7M