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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 11 of 19  ·  374 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 WAL WESTERN ALLIANCE BANCORP Financial Services 24,700.0 $1.7M 0.01% +300.0 +1.2% $70.85 +8.7%
202 KEX KIRBY CORP Industrials 13,059.0 $1.7M 0.01% +300.0 +2.4% $132.88 +9.6%
203 HQY HEALTHEQUITY INC Healthcare 20,522.0 $1.7M 0.01% +200.0 +1.0% $83.57 +3.4%
204 INGR INGREDION INC Consumer Defensive 15,188.0 $1.7M 0.01% +200.0 +1.3% $112.66 -9.3%
205 AAL AMERICAN AIRLINES GROUP INC Industrials 158,900.0 $1.7M 0.01% +3K +1.9% $10.74 +26.5%
206 SSD SIMPSON MFG INC Industrials 9,927.0 $1.7M 0.01% +100.0 +1.0% $171.62 +7.8%
207 STAG STAG INDUSTRIAL INC Real Estate 46,000.0 $1.7M 0.01% +2K +4.3% $36.06 +6.2%
208 CART MAPLEBEAR INC Consumer Cyclical 44,200.0 $1.7M 0.01% +800.0 +1.8% $37.46 +7.0%
209 SLAB SILICON LABORATORIES INC Technology 7,897.0 $1.6M 0.01% +100.0 +1.3% $208.15 +4.2%
210 JEF JEFFERIES FINANCIAL GROUP IN Financial Services 39,816.0 $1.6M 0.01% +800.0 +2.0% $41.27 +27.1%
211 CMC COMMERCIAL METALS CO Basic Materials 26,737.0 $1.6M 0.01% +500.0 +1.9% $61.43 +15.1%
212 WFRD WEATHERFORD INTL PLC Energy 17,300.0 $1.6M 0.01% +300.0 +1.8% $94.58 +17.8%
213 ORA ORMAT TECHNOLOGIES INC Utilities 14,600.0 $1.6M 0.01% +200.0 +1.4% $111.92 +19.6%
214 NOV NOV INC Energy 86,777.0 $1.6M 0.01% +600.0 +0.7% $18.81 +10.9%
215 PB PROSPERITY BANCSHARES INC Financial Services 24,297.0 $1.6M 0.01% +2K +8.0% $67.18 +2.9%
216 CBSH COMMERCE BANCSHARES INC Financial Services 32,952.0 $1.6M 0.01% +2K +7.9% $49.20 +6.1%
217 TEX TEREX CORP NEW Industrials 27,318.0 $1.6M 0.01% +12K +76.0% $59.10 -2.5%
218 ULS UL SOLUTIONS INC Industrials 18,600.0 $1.6M 0.01% +800.0 +4.5% $85.71 +19.0%
219 MP MP MATERIALS CORP Basic Materials 32,400.0 $1.6M 0.01% +600.0 +1.9% $48.26 +27.9%
220 CHWY CHEWY INC Consumer Cyclical 57,400.0 $1.5M 0.01% +4K +7.9% $27.00 -26.2%
Page 11 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%