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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 19 of 19  ·  374 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
361 CAR AVIS BUDGET GROUP INC Industrials 4,073.0 $594K 0.00% +100.0 +2.5% $145.85 +8.1%
362 HOG HARLEY DAVIDSON INC Consumer Cyclical 28,461.0 $575K 0.00% +500.0 +1.8% $20.22 +14.7%
363 HGV HILTON GRAND VACATIONS INC Consumer Cyclical 14,400.0 $563K 0.00% +200.0 +1.4% $39.12 +25.2%
364 XRAY DENTSPLY SIRONA INC Healthcare 48,000.0 $557K 0.00% +800.0 +1.7% $11.60 -15.2%
365 RH RH Consumer Cyclical 3,715.0 $519K 0.00% +100.0 +2.8% $139.82 -4.8%
366 PK PARK HOTELS RESORTS INC Real Estate 48,129.0 $507K 0.00% +900.0 +1.9% $10.53 +8.2%
367 CPRI CAPRI HOLDINGS LIMITED Consumer Cyclical 28,665.0 $505K 0.00% +500.0 +1.8% $17.62 +4.3%
368 CXT CRANE NXT CO Industrials 11,872.0 $482K 0.00% +200.0 +1.7% $40.59 -1.3%
369 GT GOODYEAR TIRE RUBR CO Consumer Cyclical 68,926.0 $457K 0.00% +1K +1.9% $6.63 -11.5%
370 SAM BOSTON BEER INC Consumer Defensive 1,883.0 $434K 0.00% +100.0 +5.6% $230.40 -20.4%
371 FLO FLOWERS FOODS INC Consumer Defensive 50,842.0 $414K 0.00% +900.0 +1.8% $8.15 -14.0%
372 PPC PILGRIMS PRIDE CORP Consumer Defensive 10,271.0 $388K 0.00% +200.0 +2.0% $37.76 -24.1%
373 COLM COLUMBIA SPORTSWEAR CO Consumer Cyclical 6,074.0 $333K 0.00% +100.0 +1.7% $54.81 +12.0%
374 COTY COTY INC Consumer Defensive 88,898.0 $179K 0.00% +2K +2.4% $2.01 -1.5%
Page 19 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%