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Portfolio (Quarterly) Guide ↗

STATE OF MICHIGAN RETIREMENT SYSTEM

· CIK 0000762152
13F Portfolio $18.9B AUM 941 positions Filed May 4, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 23 New 374 Added 194 Reduced 17 Exited
Page 1 of 19  ·  374 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 MTUM ISHARES TR 1,340,090.0 $321.6M 1.70% +53K +4.1% $239.99 +25.9%
2 ADBE ADOBE INC Technology 820,823.0 $199.5M 1.05% +698K +566.1% $243.08 +0.4%
3 KR KROGER CO Consumer Defensive 2,285,087.0 $165.3M 0.87% +892K +64.1% $72.36 -7.3%
4 DUOL DUOLINGO INC Technology 1,193,307.0 $117.6M 0.62% +633K +112.9% $98.57 +7.2%
5 VRT VERTIV HOLDINGS CO Industrials 395,600.0 $99.1M 0.52% +156K +65.3% $250.58 +26.0%
6 CHTR CHARTER COMMUNICATIONS INC Communication Services 431,582.0 $93.2M 0.49% +405K +1547.5% $215.88 -31.0%
7 IJH ISHARES TR 1,131,710.0 $76.4M 0.40% +97K +9.4% $67.53 +8.0%
8 UNH UNITEDHEALTH GROUP INC Healthcare 281,419.0 $76.1M 0.40% +36K +14.9% $270.59 +41.7%
9 INTC INTEL CORP Technology 1,546,983.0 $68.3M 0.36% +53K +3.5% $44.13 +168.5%
10 ORCL ORACLE CORP Technology 442,932.0 $65.2M 0.34% +3K +0.6% $147.11 +29.0%
11 QUAL ISHARES TR 324,549.0 $62.3M 0.33% +80K +32.4% $191.81 +10.9%
12 XLV SELECT SECTOR SPDR TR 404,788.0 $59.3M 0.31% +41K +11.2% $146.61 +1.1%
13 FDS FACTSET RESH SYS INC Financial Services 244,523.0 $53.1M 0.28% +205K +523.2% $216.99 +3.7%
14 HIMS HIMS HERS HEALTH INC Healthcare 2,338,600.0 $48.5M 0.26% +281K +13.7% $20.76 +15.7%
15 WELL WELLTOWER INC Real Estate 182,309.0 $36.0M 0.19% +3K +1.4% $197.71 +10.6%
16 PANW PALO ALTO NETWORKS INC Technology 211,100.0 $33.8M 0.18% +32K +17.9% $160.32 +57.8%
17 NOW SERVICENOW INC Technology 318,275.0 $33.3M 0.18% +2K +0.5% $104.55 -4.6%
18 MOH MOLINA HEALTHCARE INC Healthcare 224,044.0 $29.9M 0.16% +211K +1568.0% $133.30 +36.0%
19 SANDISK CORP 38,601.0 $24.5M 0.13% +2K +6.0% $635.34
20 PNC PNC FINL SVCS GROUP INC Financial Services 112,156.0 $23.3M 0.12% +3K +2.6% $208.09 +4.2%
Page 1 of 19  ·  374 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 33.7%
Financial Services 12.1%
Communication Services 11.1%
Consumer Cyclical 9.5%
Healthcare 9.2%
Industrials 9.0%
Consumer Defensive 5.5%
Energy 3.7%
Utilities 2.6%
Real Estate 2.0%