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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 15 of 19  ·  374 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
281 SBRA SABRA HEALTH CARE REIT INC Real Estate 60,649.0 $1.2M 0.01% +2K +2.9% $19.23 +9.5%
282 CLF CLEVELAND CLIFFS INC NEW Basic Materials 137,227.0 $1.2M 0.01% +3K +1.9% $8.45 +26.6%
283 M MACYS INC Consumer Cyclical 63,970.0 $1.2M 0.01% +500.0 +0.8% $18.09 +14.0%
284 EXLS EXLSERVICE HLDGS INC Technology 37,800.0 $1.2M 0.01% +300.0 +0.8% $30.45 -4.0%
285 GNTX GENTEX CORP Consumer Cyclical 52,640.0 $1.2M 0.01% +900.0 +1.7% $21.85 +7.1%
286 BYD BOYD GAMING CORP Consumer Cyclical 13,924.0 $1.1M 0.01% +300.0 +2.2% $82.18 -3.1%
287 BC BRUNSWICK CORP Consumer Cyclical 15,670.0 $1.1M 0.01% +300.0 +1.9% $72.76 +8.2%
288 LOPE GRAND CANYON ED INC Consumer Defensive 6,659.0 $1.1M 0.01% +100.0 +1.5% $170.03 -7.8%
289 PCTY PAYLOCITY HLDG CORP Technology 10,472.0 $1.1M 0.01% +100.0 +1.0% $108.04 +3.4%
290 FBIN FORTUNE BRANDS INNOVATIONS I Industrials 28,942.0 $1.1M 0.01% +600.0 +2.1% $38.97 -6.8%
291 KBR KBR INC Industrials 30,511.0 $1.1M 0.01% +500.0 +1.7% $36.86 -12.9%
292 KNF KNIFE RIVER CORP Basic Materials 13,655.0 $1.1M 0.01% +300.0 +2.2% $81.65 -9.8%
293 LPX LOUISIANA PAC CORP Basic Materials 15,258.0 $1.1M 0.01% +300.0 +2.0% $72.75 -3.6%
294 MTN VAIL RESORTS INC Consumer Cyclical 8,600.0 $1.1M 0.01% +100.0 +1.2% $128.32 -1.1%
295 SIGI SELECTIVE INS GROUP INC Financial Services 14,481.0 $1.1M 0.01% +200.0 +1.4% $75.39 +18.3%
296 BDC BELDEN INC Technology 9,498.0 $1.1M 0.01% +200.0 +2.1% $114.83 -8.7%
297 MAT MATTEL INC Consumer Cyclical 74,833.0 $1.1M 0.01% +1K +1.9% $14.53 +3.0%
298 TNL TRAVEL PLUS LEISURE CO Consumer Cyclical 15,507.0 $1.1M 0.01% +300.0 +2.0% $69.19 -6.2%
299 WING WINGSTOP INC Consumer Cyclical 6,672.0 $1.0M 0.01% +100.0 +1.5% $154.97 -17.3%
300 BCO BRINKS CO Industrials 9,977.0 $1.0M 0.01% +200.0 +2.0% $103.63 +1.1%
Page 15 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%