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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 3 of 19  ·  374 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 UTHR UNITED THERAPEUTICS CORP DEL Healthcare 11,732.0 $7.0M 0.04% +200.0 +1.7% $592.98 -4.9%
42 TECHNIPFMC PLC 97,300.0 $6.7M 0.04% +2K +1.8% $69.13
43 CASY CASEYS GEN STORES INC Consumer Cyclical 8,921.0 $6.5M 0.03% +100.0 +1.1% $727.86 +13.3%
44 CW CURTISS WRIGHT CORP Industrials 8,861.0 $6.0M 0.03% +100.0 +1.1% $681.12 +6.7%
45 TWLO TWILIO INC Communication Services 44,100.0 $5.5M 0.03% +700.0 +1.6% $125.82 +50.5%
46 XPO XPO INC Industrials 28,142.0 $5.5M 0.03% +400.0 +1.4% $194.55 +8.3%
47 KEY KEYCORP Financial Services 264,028.0 $5.3M 0.03% +2K +0.6% $20.05 +7.2%
48 WWD WOODWARD INC Industrials 14,310.0 $5.1M 0.03% +100.0 +0.7% $357.92 -0.4%
49 RGLD ROYAL GOLD INC Basic Materials 19,448.0 $4.9M 0.03% +300.0 +1.6% $254.49 -12.3%
50 USFD US FOODS HLDG CORP Consumer Defensive 53,100.0 $4.9M 0.03% +400.0 +0.8% $92.21 -12.0%
51 ATI ATI INC Industrials 32,700.0 $4.8M 0.03% +600.0 +1.9% $145.46 +10.3%
52 MTZ MASTEC INC Industrials 14,739.0 $4.7M 0.03% +200.0 +1.4% $321.74 +20.8%
53 CRS CARPENTER TECHNOLOGY CORP Industrials 12,000.0 $4.7M 0.03% +200.0 +1.7% $394.15 +11.2%
54 NVT NVENT ELEC PLC Industrials 38,806.0 $4.6M 0.02% +700.0 +1.8% $118.28 +38.3%
55 ILMN ILLUMINA INC Healthcare 36,800.0 $4.5M 0.02% +700.0 +1.9% $123.26 +17.5%
56 BWXT BWX TECHNOLOGIES INC Industrials 22,000.0 $4.5M 0.02% +400.0 +1.9% $204.49 -1.0%
57 FN FABRINET Technology 8,600.0 $4.5M 0.02% +100.0 +1.2% $521.52 +34.9%
58 PSTG EVERPURE INC Technology 75,500.0 $4.5M 0.02% +2K +2.3% $59.04 +41.9%
59 WPC WP CAREY INC Real Estate 63,600.0 $4.3M 0.02% +900.0 +1.4% $67.96 +10.4%
60 NXT NEXTPOWER INC Technology 35,700.0 $4.3M 0.02% +600.0 +1.7% $120.55 +0.4%
Page 3 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%