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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 10  ·  194 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 COF CAPITAL ONE FINL CORP Financial Services 173,764.0 $31.7M 0.17% -3K -1.8% $182.43 +2.3%
42 CB CHUBB LTD SWITZ Financial Services 94,987.0 $31.0M 0.16% -800.0 -0.8% $325.93 +1.3%
43 BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 223,900.0 $28.1M 0.15% -33K -12.9% $125.46 +4.8%
44 WDC WESTERN DIGITAL CORP Technology 102,657.0 $27.8M 0.15% -1K -1.0% $270.49 +69.9%
45 GM GENERAL MTRS CO Consumer Cyclical 370,008.0 $27.6M 0.15% -8K -2.1% $74.50 +3.6%
46 TMUS T MOBILE US INC Communication Services 123,741.0 $26.0M 0.14% -2K -1.8% $210.03 -9.5%
47 NOC NORTHROP GRUMMAN CORP Industrials 34,818.0 $23.8M 0.12% -300.0 -0.8% $682.24 -19.2%
48 ADP AUTOMATIC DATA PROCESSING IN Industrials 116,903.0 $23.8M 0.12% -700.0 -0.6% $203.18 +8.3%
49 MRSH MARSH MCLENNAN COS INC Financial Services 130,775.0 $22.7M 0.12% -2K -1.4% $173.45 -4.8%
50 BK BANK NEW YORK MELLON CORP Financial Services 179,837.0 $21.3M 0.11% -3K -1.5% $118.63 +17.2%
51 MSCI MSCI INC Financial Services 38,002.0 $20.5M 0.11% -500.0 -1.3% $539.01 +8.0%
52 MSI MOTOROLA SOLUTIONS INC Technology 46,408.0 $20.1M 0.11% -300.0 -0.6% $433.97 -7.8%
53 ITW ILLINOIS TOOL WKS INC Industrials 76,936.0 $20.0M 0.11% -600.0 -0.8% $260.29 -4.0%
54 MMM 3M CO Industrials 137,605.0 $20.0M 0.11% -2K -1.1% $145.23 +4.4%
55 HCA HCA HEALTHCARE INC Healthcare 40,909.0 $19.4M 0.10% -900.0 -2.1% $473.24 -17.0%
56 MDLZ MONDELEZ INTL INC Consumer Defensive 334,870.0 $19.3M 0.10% -3K -0.9% $57.64 +6.7%
57 MPC MARATHON PETE CORP Energy 77,110.0 $18.8M 0.10% -2K -2.0% $244.18 +1.7%
58 MAR MARRIOTT INTL INC NEW Consumer Cyclical 57,436.0 $18.8M 0.10% -900.0 -1.5% $327.07 +13.3%
59 SPG SIMON PPTY GROUP INC NEW Real Estate 99,849.0 $18.6M 0.10% -600.0 -0.6% $186.53 +9.4%
60 ELV ELEVANCE HEALTH INC FORMERLY Healthcare 63,151.0 $18.5M 0.10% -500.0 -0.8% $292.75 +33.2%
Page 3 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%