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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 2 of 19  ·  374 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 BX BLACKSTONE INC Financial Services 195,600.0 $22.5M 0.12% +2K +1.2% $114.99 +3.1%
22 SNPS SYNOPSYS INC Technology 49,954.0 $19.8M 0.10% +1K +2.7% $396.48 +25.8%
23 AEP AMERICAN ELEC PWR CO INC Utilities 141,258.0 $18.5M 0.10% +1K +0.8% $131.08 -1.1%
24 MPWR MONOLITHIC PWR SYS INC Technology 13,970.0 $15.3M 0.08% +200.0 +1.4% $1093.35 +42.8%
25 CIEN CIENA CORP Technology 36,800.0 $14.3M 0.07% +4K +10.5% $388.23 +51.3%
26 EXC EXELON CORP Utilities 286,403.0 $14.0M 0.07% +3K +0.9% $49.02 -7.5%
27 ENTERGY CORP NEW 118,204.0 $13.3M 0.07% +1K +1.1% $112.36
28 FANG DIAMONDBACK ENERGY INC Energy 66,863.0 $13.2M 0.07% +2K +2.9% $197.79 +1.6%
29 LITE LUMENTUM HLDGS INC Technology 18,700.0 $13.1M 0.07% +2K +11.8% $702.76 +37.2%
30 COHR COHERENT CORP Technology 49,000.0 $11.7M 0.06% +12K +32.0% $238.21 +58.7%
31 FITB FIFTH THIRD BANCORP Financial Services 246,416.0 $11.4M 0.06% +62K +33.7% $46.46 +5.8%
32 ATO ATMOS ENERGY CORP Utilities 61,210.0 $11.3M 0.06% +1K +2.0% $184.72 -3.9%
33 VTR VENTAS INC Real Estate 124,105.0 $10.1M 0.05% +1K +0.9% $81.78 +8.3%
34 DDOG DATADOG INC Technology 85,800.0 $10.1M 0.05% +600.0 +0.7% $118.05 +84.7%
35 CCL CARNIVAL CORP Consumer Cyclical 340,544.0 $8.8M 0.05% +16K +5.0% $25.88 +1.2%
36 HBAN HUNTINGTON BANCSHARES INC Financial Services 560,950.0 $8.8M 0.05% +119K +26.8% $15.65 +1.3%
37 NRG NRG ENERGY INC Utilities 55,466.0 $8.1M 0.04% +5K +10.6% $146.14 -6.3%
38 WAT WATERS CORP Healthcare 26,719.0 $8.0M 0.04% +11K +65.0% $297.80 +14.6%
39 AEE AMEREN CORP Utilities 72,187.0 $7.9M 0.04% +1K +2.0% $109.92 -0.1%
40 DOW DOW HLDGS INC Basic Materials 187,411.0 $7.8M 0.04% +1K +0.7% $41.65 -13.8%
Page 2 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%