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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 10 of 19  ·  374 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 WTS WATTS WATER TECHNOLOGIES INC Industrials 6,595.0 $1.9M 0.01% +100.0 +1.5% $290.29 +3.1%
182 VMI VALMONT INDS INC Industrials 4,788.0 $1.9M 0.01% +100.0 +2.1% $399.57 +26.0%
183 TTEK TETRA TECH INC NEW Industrials 62,740.0 $1.9M 0.01% +1K +1.6% $30.12 -8.9%
184 HLI HOULIHAN LOKEY INC Financial Services 13,100.0 $1.9M 0.01% +200.0 +1.6% $143.62 +5.5%
185 UGI UGI CORP NEW Utilities 51,658.0 $1.9M 0.01% +900.0 +1.8% $36.42 -3.6%
186 IDA IDACORP INC Utilities 13,020.0 $1.9M 0.01% +200.0 +1.6% $142.97 -1.0%
187 AMG AFFILIATED MANAGERS GROUP Financial Services 6,719.0 $1.9M 0.01% +100.0 +1.5% $276.70 +9.4%
188 ONB OLD NATL BANCORP IND Financial Services 83,442.0 $1.8M 0.01% +1K +1.6% $22.10 +7.8%
189 FR FIRST INDL RLTY TR INC Real Estate 31,868.0 $1.8M 0.01% +600.0 +1.9% $57.85 +7.9%
190 HALO HALOZYME THERAPEUTICS INC Healthcare 28,338.0 $1.8M 0.01% +500.0 +1.8% $64.63 +6.0%
191 KNSL KINSALE CAP GROUP INC Financial Services 5,345.0 $1.8M 0.01% +100.0 +1.9% $341.66 -8.7%
192 AM ANTERO MIDSTREAM CORP Energy 79,725.0 $1.8M 0.01% +900.0 +1.1% $22.80 -4.3%
193 REXR REXFORD INDL RLTY INC Real Estate 55,382.0 $1.8M 0.01% +500.0 +0.9% $32.73 +10.1%
194 FLR FLUOR CORP Industrials 38,797.0 $1.8M 0.01% +700.0 +1.8% $46.65 -4.4%
195 SFM SPROUTS FMRS MKT INC Consumer Defensive 23,396.0 $1.8M 0.01% +400.0 +1.7% $77.13 +14.7%
196 MTDR MATADOR RES CO Energy 28,100.0 $1.8M 0.01% +500.0 +1.8% $63.18 -11.2%
197 CRUS CIRRUS LOGIC INC Technology 12,241.0 $1.8M 0.01% +200.0 +1.7% $144.62 +15.2%
198 ARW ARROW ELECTRS INC Technology 12,275.0 $1.8M 0.01% +100.0 +0.8% $143.41 +48.4%
199 SEIC SEI INVTS CO Financial Services 22,388.0 $1.8M 0.01% +400.0 +1.8% $78.47 +15.7%
200 FCFS FIRSTCASH HOLDINGS INC Financial Services 9,315.0 $1.8M 0.01% +100.0 +1.1% $188.00 +20.4%
Page 10 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%