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Institutional Investment Manager
STATE OF MICHIGAN RETIREMENT SYSTEM
STATE OF MICHIGAN RETIREMENT SYSTEM (CIK: 0000762152), located at Michigan Dept. Of Treasury, Lansing, MI. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 958 holdings with a total value of $12,603,489,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 APPLE INC 4,364,510 505,498,000 4.01%
2 BERKSHIRE HATHAWAY INC DEL 2,837,162 462,401,000 3.67%
3 JPMORGAN CHASE & CO 4,667,400 402,750,000 3.20%
4 VERIZON COMMUNICATIONS INC 7,028,218 375,166,000 2.98%
5 WELLS FARGO & CO NEW 5,535,597 305,067,000 2.42%
6 SPDR S&P 500 ETF TR 1,359,450 303,878,000 2.41%
7 GILEAD SCIENCES INC 3,032,301 217,143,000 1.72%
8 MICROSOFT CORP 3,302,217 205,200,000 1.63%
9 AFLAC INC 2,879,562 200,418,000 1.59%
10 ALPHABET INC 238,138 188,712,000 1.50%
11 FACEBOOK INC 1,639,716 188,649,000 1.50%
12 VALIDUS HOLDINGS LTD 3,408,643 187,509,000 1.49%
13 HOME DEPOT INC 1,352,628 181,360,000 1.44%
14 CVS HEALTH CORP 2,056,440 162,274,000 1.29%
15 AMAZON COM INC 189,802 142,327,000 1.13%
16 VISA INC 1,821,744 142,132,000 1.13%
17 TWO HBRS INVT CORP 15,604,284 136,069,000 1.08%
18 JOHNSON & JOHNSON 1,135,434 130,813,000 1.04%
19 WILLIS TOWERS WATSON PLC LTD SHS 1,025,455 125,393,000 0.99%
20 EXXON MOBIL CORP 1,369,332 123,596,000 0.98%
21 AT&T INC 2,814,659 119,707,000 0.95%
22 GENERAL ELECTRIC CO 3,444,060 108,832,000 0.86%
23 PFIZER INC 3,100,026 100,689,000 0.80%
24 BRISTOL MYERS SQUIBB CO 1,707,217 99,770,000 0.79%
25 THERMO FISHER SCIENTIFIC INC 681,631 96,178,000 0.76%
26 HONEYWELL INTL INC 814,513 94,361,000 0.75%
27 ADOBE INC 876,953 90,282,000 0.72%
28 PROCTER AND GAMBLE CO 1,060,703 89,184,000 0.71%
29 COMCAST CORP NEW 1,216,461 83,997,000 0.67%
30 DISNEY WALT CO 782,053 81,506,000 0.65%
31 INTEL CORP 2,223,011 80,629,000 0.64%
32 AMERICAN EXPRESS CO 1,017,296 75,361,000 0.60%
33 BANK AMER CORP 3,388,317 74,882,000 0.59%
34 ALPHABET INC 97,017 74,880,000 0.59%
35 CHEVRON CORP NEW 628,868 74,018,000 0.59%
36 PHILIP MORRIS INTL INC 793,265 72,576,000 0.58%
37 MERCK & CO INC 1,125,149 66,238,000 0.53%
38 WAL-MART STORES INC 938,534 64,871,000 0.51%
39 ORACLE CORP 1,684,760 64,779,000 0.51%
40 US BANCORP DEL 1,257,142 64,579,000 0.51%
41 UNITED PARCEL SERVICE INC 562,486 64,483,000 0.51%
42 UNITED TECHNOLOGIES CORP 562,103 61,618,000 0.49%
43 CONSTELLATION BRANDS INC 398,075 61,029,000 0.48%
44 PRICELINE GRP INC 41,125 60,292,000 0.48%
45 QUALCOMM INC 912,871 59,519,000 0.47%
46 ABBVIE INC 949,103 59,433,000 0.47%
47 CISCO SYS INC 1,889,891 57,113,000 0.45%
48 CITIGROUP INC 960,282 57,070,000 0.45%
49 UNITEDHEALTH GROUP INC 340,313 54,464,000 0.43%
50 COCA COLA CO 1,269,438 52,631,000 0.42%
Page 1 of 20

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000762152-17-000002, filed 2017.02.02).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.