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Portfolio (Quarterly) Guide ↗

STATE OF MICHIGAN RETIREMENT SYSTEM

· CIK 0000762152
13F Portfolio $20.6B AUM Filed Jan 29, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 935 New
Page 41 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
801 BKH BLACK HILLS CORP Utilities 17,800.0 $1.2M 0.01% NEW $69.42 +2.7%
802 BRKR BRUKER CORP Healthcare 26,193.0 $1.2M 0.01% NEW $47.11 +33.8%
803 BROWN FORMAN CORP 47,181.0 $1.2M 0.01% NEW $26.06
804 KRG KITE RLTY GROUP TR Real Estate 51,195.0 $1.2M 0.01% NEW $23.97 +6.0%
805 AAON AAON INC Industrials 16,000.0 $1.2M 0.01% NEW $76.25 +0.2%
806 SWX SOUTHWEST GAS HLDGS INC Utilities 15,229.0 $1.2M 0.01% NEW $80.02 +8.1%
807 MORN MORNINGSTAR INC Financial Services 5,600.0 $1.2M 0.01% NEW $217.31 -6.7%
808 OLED UNIVERSAL DISPLAY CORP Technology 10,405.0 $1.2M 0.01% NEW $116.78 -33.8%
809 FCN FTI CONSULTING INC Industrials 7,104.0 $1.2M 0.01% NEW $170.83 -17.5%
810 LPX LOUISIANA PAC CORP Basic Materials 14,958.0 $1.2M 0.01% NEW $80.76 -18.5%
811 KBR KBR INC Industrials 30,011.0 $1.2M 0.01% NEW $40.20 -8.7%
812 GNTX GENTEX CORP Consumer Cyclical 51,740.0 $1.2M 0.01% NEW $23.27 -3.5%
813 WEX WEX INC Technology 8,075.0 $1.2M 0.01% NEW $148.98 +31.0%
814 HOMB HOME BANCSHARES INC Financial Services 43,230.0 $1.2M 0.01% NEW $27.78 +7.1%
815 OPCH OPTION CARE HEALTH INC Healthcare 37,559.0 $1.2M 0.01% NEW $31.86 -23.1%
816 SIGI SELECTIVE INS GROUP INC Financial Services 14,281.0 $1.2M 0.01% NEW $83.67 +4.1%
817 CNX CNX RES CORP Energy 31,902.0 $1.2M 0.01% NEW $36.77 -8.8%
818 MTDR MATADOR RES CO Energy 27,600.0 $1.2M 0.01% NEW $42.44 +35.9%
819 BYD BOYD GAMING CORP Consumer Cyclical 13,624.0 $1.2M 0.01% NEW $85.24 -12.9%
820 LSTR LANDSTAR SYS INC Industrials 8,070.0 $1.2M 0.01% NEW $143.70 +19.1%
Page 41 of 47  ·  935 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 35.9%
Financial Services 15.0%
Consumer Cyclical 10.1%
Healthcare 9.6%
Communication Services 8.8%
Industrials 7.9%
Consumer Defensive 4.7%
Energy 2.5%
Utilities 2.2%
Real Estate 1.8%