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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 10 of 10  ·  194 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 VNT VONTIER CORPORATION Technology 34,115.0 $1.2M 0.01% -200.0 -0.6% $35.47 -19.9%
182 BROWN FORMAN CORP 44,681.0 $1.2M 0.01% -2K -5.3% $26.44
183 TCBI TEXAS CAP BANCSHARES INC Financial Services 10,652.0 $1.0M 0.01% -100.0 -0.9% $94.88 +4.1%
184 CROX CROCS INC Consumer Cyclical 12,138.0 $1.0M 0.01% -100.0 -0.8% $83.02 +31.2%
185 ANF ABERCROMBIE FITCH CO Consumer Cyclical 11,000.0 $1.0M 0.01% -100.0 -0.9% $91.37 -16.3%
186 POST POST HLDGS INC Consumer Defensive 10,147.0 $1.0M 0.01% -1K -9.8% $98.86 -1.4%
187 MORN MORNINGSTAR INC Financial Services 5,500.0 $930K 0.01% -100.0 -1.8% $169.05 +2.6%
188 NWS NEWS CORP NEW Communication Services 31,945.0 $911K 0.01% -400.0 -1.2% $28.51 +5.5%
189 MMS MAXIMUS INC Industrials 13,118.0 $841K 0.00% -200.0 -1.5% $64.10 -4.2%
190 KBH KB HOME Consumer Cyclical 15,238.0 $789K 0.00% -100.0 -0.7% $51.75 -7.2%
191 PVH PVH CORPORATION Consumer Cyclical 11,000.0 $767K 0.00% -400.0 -3.5% $69.76 +21.4%
192 DOCS DOXIMITY INC Healthcare 32,200.0 $750K 0.00% -300.0 -0.9% $23.30 -16.8%
193 BRBR BELLRING BRANDS INC Consumer Defensive 28,245.0 $454K 0.00% -2K -5.0% $16.09 -43.8%
194 GEF GREIF INC Consumer Cyclical 5,939.0 $398K 0.00% -200.0 -3.3% $67.07 -4.4%
Page 10 of 10  ·  194 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%