State of Michigan Retirement System

All holdings · as of Dec 31, 2025

Company	Class	Value	Shares	% of portfolio
APPLIED MATERIALS INC /DE	—	$65.85M	256,255	0.3%
Philip Morris International Inc.	—	$65.37M	407,558	0.3%
RTX Corp	—	$64.37M	351,000	0.3%
Cigna Group	—	$63.09M	229,241	0.3%
LAM RESEARCH CORP	—	$62.34M	364,200	0.3%
ISHARES TR	—	$61.21M	447,700	0.3%
CITIGROUP INC	—	$60.43M	517,836	0.3%
ABBOTT LABORATORIES	—	$59.19M	472,457	0.3%
QUALCOMM INC/DE	—	$57.36M	335,366	0.3%
ISHARES TR	—	$57.13M	600,000	0.3%
Walt Disney Co	—	$57.04M	501,366	0.3%
THERMO FISHER SCIENTIFIC INC.	—	$57.02M	98,410	0.3%
MCDONALD'S CORP	—	$56.97M	186,415	0.3%
SELECT SECTOR SPDR TR	—	$56.38M	364,188	0.3%
Morgan Stanley	—	$56.14M	316,226	0.3%
INTEL CORP	—	$55.14M	1,494,283	0.3%
LINDE PLC	—	$54.20M	127,104	0.3%
AT&T INC.	—	$53.93M	2,170,913	0.3%
TJX Cos Inc/The	—	$53.61M	348,982	0.3%
PEPSICO INC	—	$52.55M	366,122	0.3%
VERIZON COMMUNICATIONS INC	—	$52.30M	1,284,050	0.3%
AMPHENOL CORP /DE	—	$52.30M	386,974	0.3%
AMERICAN EXPRESS CO	—	$52.04M	140,677	0.3%
AppLovin Corp	—	$50.60M	75,100	0.2%
Accenture plc	—	$50.26M	187,338	0.2%
iShares MSCI UAE ETF	—	$48.67M	245,049	0.2%
ServiceNow Inc	—	$48.50M	316,575	0.2%
INTUIT INC.	—	$48.35M	72,990	0.2%
KLA CORP	—	$47.23M	38,868	0.2%
GE Vernova Inc.	—	$46.43M	71,040	0.2%
AMGEN INC	—	$46.15M	140,997	0.2%
Booking Holdings Inc	—	$45.30M	8,459	0.2%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDTSM	ADR	$45.04M	148,200	0.2%
The Boeing Company	—	$44.51M	204,996	0.2%
Uber Technologies, Inc	—	$44.45M	544,000	0.2%
S&P Global Inc.	—	$43.98M	84,153	0.2%
NEXTERA ENERGY INC	—	$43.77M	545,198	0.2%
SCHWAB CHARLES CORP	—	$43.69M	437,266	0.2%
ADOBE INC.	—	$43.13M	123,223	0.2%
CAPITAL ONE FINANCIAL CORP	—	$42.89M	176,964	0.2%
HUBSPOT INC	—	$42.70M	106,400	0.2%
BlackRock, Inc.	—	$42.03M	39,271	0.2%
PFIZER INC	—	$41.59M	1,670,184	0.2%
TEXAS INSTRUMENTS INC	—	$41.27M	237,861	0.2%
GILEAD SCIENCES, INC.	—	$39.87M	324,795	0.2%
Vertiv Holdings Co	—	$38.77M	239,300	0.2%
Intercontinental Exchange, Inc.	—	$37.71M	232,842	0.2%
Alibaba Group Holding LtdBABA	ADR	$37.67M	257,000	0.2%
DANAHER CORP /DE	—	$37.67M	164,546	0.2%
BOSTON SCIENTIFIC CORP	—	$37.01M	388,108	0.2%