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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 6 of 19  ·  374 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 FIVE FIVE BELOW INC Consumer Cyclical 13,322.0 $3.0M 0.02% +300.0 +2.3% $228.48 -3.8%
102 SNX TD SYNNEX CORPORATION Technology 18,021.0 $3.0M 0.02% +100.0 +0.6% $168.71 +36.7%
103 FNF FIDELITY NATL FINL INC Financial Services 65,300.0 $3.0M 0.02% +1K +1.9% $46.38 +6.4%
104 CG CARLYLE GROUP INC Financial Services 62,400.0 $3.0M 0.02% +1K +1.8% $48.39 -6.7%
105 STRL STERLING INFRASTRUCTURE INC Industrials 7,400.0 $3.0M 0.02% +100.0 +1.4% $407.27 +84.6%
106 ROIV ROIVANT SCIENCES LTD Healthcare 108,500.0 $3.0M 0.02% +5K +4.8% $27.70 +17.0%
107 HL HECLA MINING COMPANY Basic Materials 161,300.0 $3.0M 0.02% +3K +1.8% $18.63 -7.1%
108 RRX REGAL REXNORD CORPORATION Industrials 16,001.0 $3.0M 0.02% +300.0 +1.9% $187.26 +4.2%
109 AR ANTERO RESOURCES CORP Energy 70,500.0 $3.0M 0.02% +1K +1.7% $42.44 -12.7%
110 MLI MUELLER INDS INC Industrials 26,700.0 $3.0M 0.02% +500.0 +1.9% $110.80 +20.6%
111 ELS EQUITY LIFESTYLE PROPERTIES Real Estate 46,600.0 $2.9M 0.01% +800.0 +1.8% $62.42 +1.0%
112 CACI CACI INTL INC Technology 5,321.0 $2.9M 0.01% +100.0 +1.9% $543.87 -9.9%
113 ELAN ELANCO ANIMAL HEALTH INC Healthcare 119,600.0 $2.9M 0.01% +2K +1.9% $23.93 -10.9%
114 ENSG ENSIGN GROUP INC Healthcare 13,900.0 $2.8M 0.01% +300.0 +2.2% $201.50 -14.8%
115 EVR EVERCORE INC Financial Services 9,305.0 $2.8M 0.01% +200.0 +2.2% $298.51 +16.0%
116 SCI SERVICE CORP INTL Consumer Cyclical 33,462.0 $2.8M 0.01% +300.0 +0.9% $82.51 -6.0%
117 JAZZ JAZZ PHARMACEUTICALS PLC Healthcare 14,604.0 $2.8M 0.01% +200.0 +1.4% $189.05 +26.6%
118 WTRG ESSENTIAL UTILS INC Utilities 68,071.0 $2.7M 0.01% +1K +1.8% $40.27 -9.3%
119 SF STIFEL FINL CORP Financial Services 36,730.0 $2.7M 0.01% +13K +52.5% $73.92 -1.1%
120 WBS WEBSTER FINL CORP Financial Services 38,844.0 $2.7M 0.01% +700.0 +1.8% $69.42 +5.3%
Page 6 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%