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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 1 of 2  ·  23 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 SPOT SPOTIFY TECHNOLOGY S A Communication Services 56,031.0 $27.2M 0.14% NEW $484.91 -10.6%
2 RCL ROYAL CARIBBEAN GROUP Consumer Cyclical 65,701.0 $18.1M 0.10% NEW $275.18 -7.7%
3 NXPI NXP SEMICONDUCTORS N V Technology 76,868.0 $15.1M 0.08% NEW $196.86 +52.1%
4 FLEX FLEXTRONICS INTL LTD Technology 97,200.0 $6.4M 0.03% NEW $65.46 +100.2%
5 LYB LYONDELLBASELL INDUSTRIES NV Basic Materials 73,965.0 $6.0M 0.03% NEW $80.56 -13.0%
6 AMCOR PLC 125,634.0 $5.0M 0.03% NEW $39.75
7 SSYS STRATASYS LTD Technology 500,000.0 $3.9M 0.02% NEW $7.81 +7.0%
8 PINNACLE FINL PARTNERS INC 36,206.0 $3.1M 0.02% NEW $86.14
9 AEIS ADVANCED ENERGY INDS Industrials 9,100.0 $2.9M 0.02% NEW $322.71 +0.3%
10 SOLS SOLSTICE ADVANCED MATLS INC Basic Materials 38,200.0 $2.9M 0.01% NEW $76.16 +10.9%
11 CNH INDL N V 260,600.0 $2.9M 0.01% NEW $11.00
12 TTMI TTM TECHNOLOGIES INC Technology 24,900.0 $2.4M 0.01% NEW $97.42 +73.8%
13 ARWR ARROWHEAD PHARMACEUTICALS IN Healthcare 33,700.0 $2.1M 0.01% NEW $62.70 +20.5%
14 AHR AMERICAN HEALTHCARE REIT INC Real Estate 42,700.0 $2.0M 0.01% NEW $47.16 +6.3%
15 MOOG INC 6,800.0 $2.0M 0.01% NEW $292.64
16 CTRE CARETRUST REIT INC Real Estate 53,800.0 $2.0M 0.01% NEW $36.65 +11.9%
17 IDCC INTERDIGITAL INC Technology 6,200.0 $1.9M 0.01% NEW $302.00 -11.6%
18 SITM SITIME CORP Technology 5,300.0 $1.8M 0.01% NEW $345.35 +101.8%
19 BROS DUTCH BROS INC Consumer Cyclical 30,600.0 $1.6M 0.01% NEW $50.66 +5.5%
20 STANDARDAERO INC 45,600.0 $1.2M 0.01% NEW $25.83
Page 1 of 2  ·  23 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%