State of Michigan Retirement System 13F: Cuts META Stake by $22M

The State of Michigan Retirement System trimmed its stake in Meta Platforms, Inc. (META) by 30,050 shares, bringing its total to 732,004 shares valued at approximately $530.8 million. This move was disclosed in a filing on October 27, 2026, with the reported value of the fund's holdings in Meta now at about $11.01 billion.

META Meta Platforms, Inc.

$620.19 ▼ -4.40% year to date

1M 3M YTD

Daily close · Oct 27, 2026

Where Meta Fits in State of Michigan Retirement System's Portfolio

Meta now represents about 4.82% of the State of Michigan Retirement System's total reported value. The fund ranks 6th among its 966 reported holdings, and this recent reduction of shares resulted in a change valued at approximately $21.8 million.

Other Institutional Activity in Meta

Several other funds have also made adjustments to their stakes in Meta Platforms. Verdence Capital Advisors grew its holdings by 4,330 shares, ending with 28,063 shares worth about $20.4 million. Indivisible Partners increased its stake by 6,866 shares, bringing its total to 18,311 shares valued at approximately $13.3 million.

Meta Platforms, Inc. Stock Down 3.5%

As of October 28, 2026, Meta shares recently traded around $620.12, which is about equal to its closing price of $620.19 on October 27, 2026. The stock is currently below its 50-day moving average of $664.63 and its 200-day moving average of $632.45, suggesting it may be experiencing some downward pressure in the market.

Recent Earnings

In its latest earnings report, Meta Platforms posted trailing twelve-month revenue of approximately $241.6 billion, with a net margin of 31.1%. The next earnings report is scheduled for January 27, 2027, which investors will be watching closely for further insights into the company's performance.

Dividend

Meta pays an annual dividend of $2.10 per share, translating to a yield of 0.33% based on recent trading levels.

Insider Buying and Selling at Meta Platforms, Inc.

There have been several insider transactions at Meta Platforms recently. Javier Olivan, the Chief Operating Officer, sold 1,575 shares on October 19, 2026, at an average price of $707.20, totaling about $1.1 million. This marked his fourth sale since September 28, 2026.

Analysts Set New Price Targets

On October 22, 2026, multiple firms maintained their ratings on Meta. UBS kept its Buy rating with a target of $892, while Citigroup also maintained a Buy rating with a target of $905. The consensus recommendation for Meta remains a 'strong buy' with a mean target price of approximately $845.50.

About Meta Platforms

Meta Platforms, Inc. develops products that enable people to connect and share through various digital platforms, including social media and virtual reality. The company operates primarily through its Family of Apps and Reality Labs segments, serving users globally.

Bottom Line

Investors will be watching Meta's upcoming earnings report on January 27, 2027, as well as any further changes in institutional positions. The State of Michigan Retirement System's recent trim of its stake in META highlights the ongoing adjustments funds are making in response to market conditions.