STATE TREASURER STATE OF MICHIGAN
Sector Allocation
- Technology44.8%$10.1B
- Financials10.0%$2.3B
- Healthcare8.1%$1.8B
- Other8.1%$1.8B
- Consumer Discretionary7.8%$1.8B
- Industrials6.5%$1.5B
- Consumer Staples4.4%$995.5M
- Energy2.5%$567.8M
- Communication Services2.3%$529.4M
- Materials2.0%$446.7M
AUM History
13fpro.ai/research/fund/state-treasurer-state-of-michigan-762152
Conviction and streaks
Diversifying · top 10 = 31.0%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
NVDA
$1.4BAAPL
$1.1BMSFT
$755.8MAMZN
$631.1MAVGO
$617.5MGOOGL
$564.1MGOOG
$551.5MAMD
$459.2M- ISHARES$446.4M
MU
$431.8MMETA
$429.3M- ISHARES$335.1M
SPY
$304.0MTSLA
$303.2MADBE
$276.6MLLY
$255.4MJPM
$224.6MHUBS
$217.0MINTC
$168.9MBRK.B
$164.8M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/state-treasurer-state-of-michigan-762152
STATE TREASURER STATE OF MICHIGAN 13F holdings — Q2 2026
$22.6B portfolio (+19.3% QoQ) · 960 holdings · Q2 2026 13F · top 10 are 31% of the stock portfolio
$1.4B
6.3% of stocks
-1%This quarter+10.8%Since filed7+ qtrsHeld$1.1B
4.9% of stocks
-2%This quarter+3.1%Since filed7+ qtrsHeld$755.8M
3.4% of stocks
-2%This quarter+18.1%Since filed7+ qtrsHeld$631.1M
2.8% of stocks
-2%This quarter+5.8%Since filed7+ qtrsHeldAIQuality67.5#363Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$617.5M
2.7% of stocks
-3%This quarter-15.1%Since filed7+ qtrsHeld$564.1M
2.5% of stocks
-1%This quarter-5.8%Since filed7+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$551.5M
2.4% of stocks
-0.8%This quarter-5.8%Since filed7+ qtrsHeld$459.2M
2.0% of stocks
+28%This quarter+9.4%Since filed7+ qtrsHeld- 9
ISHARES TR - MSCI USA MMENTM
$446.4M
2.0% of stocks
-3%This quarter—Since filed—HeldAIQuality—Est. buy— $431.8M
1.9% of stocks
+2%This quarter+3.3%Since filed7+ qtrsHeld
All holdings — STATE TREASURER STATE OF MICHIGAN (Q2 2026)
960 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Meta Platforms, Inc. | Technology | $429.3M | 1.9% | 762K | -10% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | — | ISHARES TR - IBOXX INV CP ETFetf/fund | — | $335.1M | 1.5% | 3.07M | +41% | — | — | 13F |
| 13 | SPDR S&P 500 ETF TRUSTetf/fund | — | $304.0M | 1.4% | 407K | +50% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Tesla, Inc. | Consumer Discretionary | $303.2M | 1.3% | 721K | -2% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | ADOBE INC. | Technology | $276.6M | 1.2% | 1.35M | +64% | 7+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | ELI LILLY & Co | Healthcare | $255.4M | 1.1% | 213K | -1% | 7+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | JPMORGAN CHASE & CO | Financials | $224.6M | 1.0% | 686K | -3% | 7+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | HUBSPOT INC | Technology | $217.0M | 1.0% | 1.19M | +1017% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | INTEL CORP | Technology | $168.9M | 0.8% | 1.21M | -22% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | BERKSHIRE HATHAWAY INC | Financials | $164.8M | 0.7% | 329K | -3% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | JOHNSON & JOHNSON | Healthcare | $163.2M | 0.7% | 642K | -2% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | KROGER CO | Consumer Staples | $162.7M | 0.7% | 2.93M | +28% | 7+ qtrsAdded 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | APPLIED MATERIALS INC /DE | Technology | $161.3M | 0.7% | 223K | -13% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | LAM RESEARCH CORP | Technology | $155.5M | 0.7% | 359K | -0.8% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | VISA INC. | Financials | $155.4M | 0.7% | 453K | -3% | 7+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $CHTR | CHARTER COMMUNICATIONS, INC. /MO/ | Communication Services | $152.2M | 0.7% | 1.07M | +148% | |||
| 27 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $151.3M | 0.7% | 1.11M | +1% | |||
| 28 | $DUOL | Duolingo, Inc. | Technology | $150.2M | 0.7% | 1.31M | +9% | |||
| 29 | $VRT | Vertiv Holdings Co | Technology | $137.5M | 0.6% | 411K | +4% | |||
| 30 | $CSCO | CISCO SYSTEMS, INC. | Technology | $135.6M | 0.6% | 1.15M | -6% | |||
| 31 | $WMT | Walmart Inc. | Consumer Staples | $130.4M | 0.6% | 1.15M | -2% | |||
| 32 | $CAT | CATERPILLAR INC | Industrials | $125.6M | 0.6% | 118K | -9% | |||
| 33 | $MA | Mastercard Inc | Financials | $122.1M | 0.5% | 238K | -0.8% | |||
| 34 | $KLAC | KLA CORP | Technology | $114.2M | 0.5% | 378K | +876% | |||
| 35 | $ABBV | AbbVie Inc. | Healthcare | $113.8M | 0.5% | 452K | -2% | |||
| 36 | $PLTR | Palantir Technologies Inc. | Technology | $110.6M | 0.5% | 948K | +8% | |||
| 37 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $109.8M | 0.5% | 117K | -2% | |||
| 38 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $102.5M | 0.5% | 1.80M | -3% | |||
| 39 | $GE | GENERAL ELECTRIC CO | Industrials | $99.8M | 0.4% | 267K | -2% | |||
| 40 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $96.6M | 0.4% | 233K | -17% | |||
| 41 | $ANET | Arista Networks, Inc. | Technology | $96.3M | 0.4% | 567K | +6% | |||
| 42 | — | BLACKROCK ETF TRUST II - ISHA SECU IN ETF | — | $94.7M | 0.4% | 1.90M | New | |||
| 43 | — | ISHARES TR - CORE S P MCP ETF | — | $92.1M | 0.4% | 1.19M | +6% | |||
| 44 | — | ISHARES TR - MSCI USA QLT FCT | — | $92.1M | 0.4% | 420K | +29% | |||
| 45 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $90.1M | 0.4% | 615K | -2% | |||
| 46 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $89.9M | 0.4% | 255K | -2% | |||
| 47 | — | ISHARES TR - CORE US AGGBD ET | — | $89.1M | 0.4% | 900K | New | |||
| 48 | $KBDC | Kayne Anderson BDC, Inc. | Other | $88.8M | 0.4% | 6.57M | — | |||
| 49 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $86.9M | 0.4% | 116 | — | |||
| 50 | $SNDK | Sandisk Corp | Technology | $86.2M | 0.4% | 38K | -2% | |||
| 51 | $MRK | Merck & Co., Inc. | Healthcare | $85.2M | 0.4% | 663K | -8% | |||
| 52 | $PANW | Palo Alto Networks Inc | Technology | $83.2M | 0.4% | 244K | +16% | |||
| 53 | $KO | COCA COLA CO | Consumer Staples | $83.0M | 0.4% | 1.02M | -2% | |||
| 54 | $NFLX | NETFLIX INC | Communication Services | $82.5M | 0.4% | 1.16M | -0.6% | |||
| 55 | $GEV | GE Vernova Inc. | Industrials | $82.1M | 0.4% | 70K | -0.9% | |||
| 56 | $HIMS | Hims & Hers Health, Inc. | Healthcare | $81.3M | 0.4% | 2.35M | +0.3% | |||
| 57 | $CVX | CHEVRON CORP | Energy | $79.5M | 0.3% | 479K | -2% | |||
| 58 | $GS | GOLDMAN SACHS GROUP INC | Financials | $76.4M | 0.3% | 76K | -4% | |||
| 59 | $PM | Philip Morris International Inc. | Consumer Staples | $72.2M | 0.3% | 399K | -2% | |||
| 60 | — | ISHARES TR - IBOXX HI YD ETF | — | $72.0M | 0.3% | 900K | New | |||
| 61 | $TXN | TEXAS INSTRUMENTS INC | Technology | $69.5M | 0.3% | 233K | -2% | |||
| 62 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $69.0M | 0.3% | 835K | -2% | |||
| 63 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $67.7M | 0.3% | 241K | -1% | |||
| 64 | $C | CITIGROUP INC | Financials | $67.2M | 0.3% | 480K | -5% | |||
| 65 | $MRVL | Marvell Technology, Inc. | Technology | $66.8M | 0.3% | 224K | New | |||
| 66 | $RTX | RTX Corp | Industrials | $65.4M | 0.3% | 345K | -2% | |||
| 67 | $LIN | LINDE PLC | Materials | $65.0M | 0.3% | 125K | -1% | |||
| 68 | $MS | MORGAN STANLEY | Financials | $64.2M | 0.3% | 307K | -2% | |||
| 69 | $APH | AMPHENOL CORP /DE/ | Technology | $64.1M | 0.3% | 364K | -2% | |||
| 70 | $ORCL | ORACLE CORP | Technology | $63.7M | 0.3% | 434K | -2% | |||
| 71 | $FDS | FACTSET RESEARCH SYSTEMS INC | Technology | $61.1M | 0.3% | 265K | +9% | |||
| 72 | $CRWD | CrowdStrike Holdings, Inc. | Technology | $60.5M | 0.3% | 79K | +20% | |||
| 73 | — | ISHARES TR - MBS ETF | — | $56.7M | 0.3% | 600K | — | |||
| 74 | $WDC | WESTERN DIGITAL CORP | Technology | $56.4M | 0.3% | 88K | -14% | |||
| 75 | $QCOM | QUALCOMM INC/DE | Technology | $56.2M | 0.3% | 304K | -9% | |||
| 76 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $56.2M | 0.3% | 118K | -11% | |||
| 77 | $STX | Seagate Technology Holdings plc | Technology | $55.4M | 0.3% | 57K | +0.7% | |||
| 78 | $TJX | TJX COMPANIES INC /DE/ | Consumer Discretionary | $55.3M | 0.2% | 365K | +5% | |||
| 79 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $54.8M | 0.2% | 1.29M | +1% | |||
| 80 | — | SPDR SERIES TRUST - ST STR PR SP1500 | — | $51.3M | 0.2% | 565K | New | |||
| 81 | $MOH | MOLINA HEALTHCARE, INC. | Healthcare | $51.2M | 0.2% | 224K | — | |||
| 82 | $GLW | CORNING INC /NY | Materials | $51.2M | 0.2% | 200K | -2% | |||
| 83 | $AMGN | AMGEN INC | Healthcare | $50.0M | 0.2% | 138K | -2% | |||
| 84 | $ADI | ANALOG DEVICES INC | Technology | $49.6M | 0.2% | 125K | -2% | |||
| 85 | — | ISHARES INC - MSCI MEXICO ETF | — | $49.4M | 0.2% | 656K | New | |||
| 86 | $MCD | MCDONALDS CORP | Consumer Discretionary | $49.2M | 0.2% | 182K | -2% | |||
| 87 | $PEP | PEPSICO INC | Consumer Staples | $48.5M | 0.2% | 358K | -2% | |||
| 88 | $DIS | Walt Disney Co | Communication Services | $48.2M | 0.2% | 501K | +0.9% | |||
| 89 | $TMO | THERMO FISHER SCIENTIFIC INC. | Healthcare | $47.7M | 0.2% | 95K | -3% | |||
| 90 | $NEE | NEXTERA ENERGY INC | Utilities | $46.9M | 0.2% | 534K | -2% | |||
| 91 | $AXP | AMERICAN EXPRESS CO | Financials | $46.1M | 0.2% | 136K | -3% | |||
| 92 | $ETN | Eaton Corp plc | Industrials | $45.5M | 0.2% | 107K | +5% | |||
| 93 | $T | AT&T INC. | Communication Services | $44.9M | 0.2% | 2.17M | +1% | |||
| 94 | $BA | BOEING CO | Industrials | $43.7M | 0.2% | 202K | -2% | |||
| 95 | — | ISHARES TR - MSCI USA VALUE | — | $43.6M | 0.2% | 218K | -22% | |||
| 96 | $GILD | GILEAD SCIENCES, INC. | Healthcare | $42.1M | 0.2% | 333K | +3% | |||
| 97 | $UNP | UNION PACIFIC CORP | Industrials | $41.4M | 0.2% | 152K | -2% | |||
| 98 | $OSCR | Oscar Health, Inc. | Healthcare | $41.4M | 0.2% | 1.45M | — | |||
| 99 | $WELL | WELLTOWER INC. | Real Estate | $41.0M | 0.2% | 181K | -0.9% | |||
| 100 | $DE | DEERE & CO | Industrials | $40.8M | 0.2% | 64K | -2% | |||
| 101 | $PFE | PFIZER INC | Healthcare | $40.6M | 0.2% | 1.69M | +1% | |||
| 102 | $ISRG | INTUITIVE SURGICAL INC | Healthcare | $40.6M | 0.2% | 102K | -2% | |||
| 103 | $ABT | ABBOTT LABORATORIES | Healthcare | $40.5M | 0.2% | 446K | -5% | |||
| 104 | $SCHW | SCHWAB CHARLES CORP | Financials | $40.0M | 0.2% | 434K | -0.6% | |||
| 105 | $CVS | CVS HEALTH Corp | Healthcare | $39.2M | 0.2% | 379K | +0.9% | |||
| 106 | $APP | AppLovin Corp | Technology | $38.6M | 0.2% | 75K | — | |||
| 107 | $NOW | ServiceNow, Inc. | Technology | $37.9M | 0.2% | 382K | +20% | |||
| 108 | $UBER | Uber Technologies, Inc | Technology | $37.6M | 0.2% | 521K | -3% | |||
| 109 | $DELL | Dell Technologies Inc. | Technology | $37.3M | 0.2% | 87K | -5% | |||
| 110 | $ZTS | Zoetis Inc. | Healthcare | $37.0M | 0.2% | 515K | +345% | |||
| 111 | $BLK | BlackRock, Inc. | Financials | $36.9M | 0.2% | 38K | -2% | |||
| 112 | $SPOT | Spotify Technology S.A. | Communication Services | $36.8M | 0.2% | 80K | +43% | |||
| 113 | $CRM | Salesforce, Inc. | Technology | $35.8M | 0.2% | 229K | -7% | |||
| 114 | $BKNG | Booking Holdings Inc. | Consumer Discretionary | $35.4M | 0.2% | 198K | +2245% | |||
| 115 | $COF | CAPITAL ONE FINANCIAL CORP | Financials | $34.9M | 0.1% | 174K | +0.2% | |||
| 116 | $PLD | Prologis, Inc. | Real Estate | $34.9M | 0.1% | 258K | +1% | |||
| 117 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $34.0M | 0.1% | 590K | +0.1% | |||
| 118 | $PGR | PROGRESSIVE CORP/OH/ | Financials | $34.0M | 0.1% | 156K | -2% | |||
| 119 | $VRTX | VERTEX PHARMACEUTICALS INC / MA | Healthcare | $33.7M | 0.1% | 68K | -2% | |||
| 120 | $SPGI | S&P Global Inc. | Financials | $32.8M | 0.1% | 80K | -3% | |||
| 121 | $CB | Chubb Ltd | Financials | $32.6M | 0.1% | 96K | +0.6% | |||
| 122 | $COP | CONOCOPHILLIPS | Energy | $32.4M | 0.1% | 312K | -3% | |||
| 123 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $31.6M | 0.1% | 143K | -2% | |||
| 124 | $PH | Parker-Hannifin Corp | Industrials | $31.6M | 0.1% | 32K | -2% | |||
| 125 | $MO | ALTRIA GROUP, INC. | Consumer Staples | $30.8M | 0.1% | 428K | -3% | |||
| 126 | $DHR | DANAHER CORP /DE/ | Healthcare | $30.7M | 0.1% | 161K | -2% | |||
| 127 | $TT | Trane Technologies plc | Technology | $30.6M | 0.1% | 62K | -0.6% | |||
| 128 | $GM | General Motors Co | Consumer Discretionary | $30.1M | 0.1% | 391K | +6% | |||
| 129 | $HWM | Howmet Aerospace Inc. | Materials | $30.1M | 0.1% | 112K | +7% | |||
| 130 | $COHR | COHERENT CORP. | Technology | $30.0M | 0.1% | 76K | +55% | |||
| 131 | $SBUX | STARBUCKS CORP | Consumer Discretionary | $29.8M | 0.1% | 292K | -2% | |||
| 132 | $SOFI | SoFi Technologies, Inc. | Financials | $29.6M | 0.1% | 1.65M | +65% | |||
| 133 | $LMT | LOCKHEED MARTIN CORP | Industrials | $29.2M | 0.1% | 57K | -0.9% | |||
| 134 | $CCZ | COMCAST CORP | Communication Services | $28.9M | 0.1% | 1.18M | +5% | |||
| 135 | $PWR | QUANTA SERVICES, INC. | Industrials | $28.8M | 0.1% | 40K | +3% | |||
| 136 | $CDNS | CADENCE DESIGN SYSTEMS INC | Technology | $28.5M | 0.1% | 76K | — | |||
| 137 | $ICE | Intercontinental Exchange, Inc. | Financials | $28.1M | 0.1% | 228K | -2% | |||
| 138 | $FTNT | Fortinet, Inc. | Technology | $28.0M | 0.1% | 183K | -4% | |||
| 139 | $SYK | STRYKER CORP | Healthcare | $27.8M | 0.1% | 88K | -2% | |||
| 140 | $SO | SOUTHERN CO | Utilities | $27.6M | 0.1% | 289K | +0.3% | |||
| 141 | $NEM | NEWMONT Corp /DE/ | Materials | $27.5M | 0.1% | 294K | -6% | |||
| 142 | $PNC | PNC FINANCIAL SERVICES GROUP, INC. | Financials | $27.1M | 0.1% | 110K | -2% | |||
| 143 | $BURL | Burlington Stores, Inc. | Consumer Discretionary | $26.9M | 0.1% | 85K | -0.4% | |||
| 144 | $EQIX | EQUINIX INC | Real Estate | $26.3M | 0.1% | 25K | -2% | |||
| 145 | $ADP | AUTOMATIC DATA PROCESSING INC | Technology | $26.1M | 0.1% | 117K | -0.2% | |||
| 146 | $USB | US BANCORP \DE\ | Financials | $25.8M | 0.1% | 428K | -2% | |||
| 147 | $MDT | Medtronic plc | Healthcare | $25.7M | 0.1% | 329K | -2% | |||
| 148 | $BNY | Bank of New York Mellon Corp | Financials | $25.4M | 0.1% | 176K | -2% | |||
| 149 | $DUK | Duke Energy CORP | Utilities | $25.3M | 0.1% | 200K | -2% | |||
| 150 | $CMI | CUMMINS INC | Industrials | $25.2M | 0.1% | 35K | -2% |
What changed in Q2 2026
Against the previous quarter's 13F: 34 new, 151 added to, 741 trimmed, 15 sold out. Share-count changes; largest moves by dollar size first.
New positions (34)
- BLACKROCK ETF TRUST II - ISHA SECU IN ETF$94.7M
first bought this quarter
- ISHARES TR - CORE US AGGBD ET$89.1M
first bought this quarter
- ISHARES TR - IBOXX HI YD ETF$72.0M
first bought this quarter
$MRVLMarvell Technology, Inc.$66.8M
first bought this quarter
- SPDR SERIES TRUST - ST STR PR SP1500$51.3M
first bought this quarter
- ISHARES INC - MSCI MEXICO ETF$49.4M
first bought this quarter
+28 more in the Excel export
Added to (151)
now $217.0M · held 7+ qtrs
now $276.6M · held 7+ qtrs, 2 adds in a row
$KLACKLA CORP+876%
now $114.2M · held 7+ qtrs
now $304.0M · held 7+ qtrs
now $459.2M · held 7+ qtrs
- ISHARES TR - IBOXX INV CP ETF+41%
now $335.1M
+145 more in the Excel export
Trimmed (741)
$TDGTransDigm Group INC-81%
now $19.0M
now $429.3M · held 7+ qtrs
now $168.9M · held 7+ qtrs
$CICigna Group-65%
now $21.9M
$AMATAPPLIED MATERIALS INC /DE-13%
now $161.3M · held 7+ qtrs
now $617.5M · held 7+ qtrs, 3 trims in a row
+735 more in the Excel export
Holdings by quarter
Every 13F STATE TREASURER STATE OF MICHIGAN has filed, 38 earlier quarters. Pick one to see what it held then.
Is it too late to follow STATE TREASURER STATE OF MICHIGAN?
Q2 2026 13F filed with the SEC on Jul 30, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of STATE TREASURER STATE OF MICHIGAN's top 20 holdings: 77/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)
Top 10 since filing
+4.8%
Value-weighted move of the 10 largest stock positions
Turnover
4%
Last quarter; 11% over the last 4
Top 10 weight
31%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
97%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
STATE TREASURER STATE OF MICHIGAN disclosed 960 positions worth $22.6B in its Form 13F-HR for Q2 2026, led by $NVDA (NVIDIA CORP) at 6.3% of the equity portfolio, followed by $AAPL and $MSFT. During the quarter the fund opened 34 new positions and exited 15. The portfolio is most concentrated in Technology (44.8% of disclosed assets). All figures are sourced directly from STATE TREASURER STATE OF MICHIGAN’s Form 13F-HR filing with the SEC under CIK 762152.
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AI-Powered Hedge Fund Analysis: STATE TREASURER STATE OF MICHIGAN
13F Pro is an AI hedge fund tracker and stock research platform. For STATE TREASURER STATE OF MICHIGAN (SEC CIK: 762152), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in STATE TREASURER STATE OF MICHIGAN's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.