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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 4 of 10  ·  194 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 ROST ROSS STORES INC Consumer Cyclical 84,456.0 $18.3M 0.10% -700.0 -0.8% $216.63 -1.8%
62 HLT HILTON WORLDWIDE HLDGS INC Consumer Cyclical 59,923.0 $18.2M 0.10% -900.0 -1.5% $304.08 +6.1%
63 TRV TRAVELERS COMPANIES INC Financial Services 58,753.0 $17.1M 0.09% -2K -3.1% $291.68 +5.2%
64 TFC TRUIST FINL CORP Financial Services 360,543.0 $16.6M 0.09% -5K -1.4% $45.97 +4.4%
65 CTAS CINTAS CORP Industrials 97,372.0 $16.5M 0.09% -700.0 -0.7% $169.14 +1.9%
66 DELL DELL TECHNOLOGIES INC Technology 91,058.0 $14.9M 0.08% -1K -1.4% $164.13 +54.1%
67 CTVA CORTEVA INC Basic Materials 175,710.0 $14.7M 0.08% -1K -0.7% $83.71 -5.6%
68 DHI D R HORTON INC Consumer Cyclical 102,699.0 $14.1M 0.07% -1K -1.2% $137.22 +5.0%
69 ALL ALLSTATE CORP Financial Services 67,889.0 $14.1M 0.07% -600.0 -0.9% $207.34 +3.4%
70 ABNB AIRBNB INC Consumer Cyclical 110,700.0 $14.0M 0.07% -600.0 -0.5% $126.28 +6.3%
71 AFL AFLAC INC Financial Services 126,507.0 $13.9M 0.07% -2K -1.2% $109.71 +7.4%
72 ZTS ZOETIS INC Healthcare 115,764.0 $13.7M 0.07% -5K -4.2% $118.21 -32.6%
73 URI UNITED RENTALS INC Industrials 18,754.0 $13.7M 0.07% -200.0 -1.1% $728.56 +28.5%
74 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 424,900.0 $13.6M 0.07% -6K -1.4% $32.01 +2.5%
75 BDX BECTON DICKINSON CO Healthcare 77,788.0 $12.2M 0.07% -700.0 -0.9% $157.23 -7.0%
76 SHOP SHOPIFY INC Technology 99,800.0 $11.8M 0.06% -17K -14.8% $118.62 -11.5%
77 CARR CARRIER GLOBAL CORPORATION Industrials 205,225.0 $11.6M 0.06% -2K -1.0% $56.31 +10.4%
78 AIG AMERICAN INTL GROUP INC Financial Services 151,967.0 $11.4M 0.06% -1K -0.7% $75.25 +4.5%
79 PYPL PAYPAL HLDGS INC Financial Services 250,192.0 $11.3M 0.06% -4K -1.8% $45.23 -1.9%
80 DVN DEVON ENERGY CORP NEW Energy 220,991.0 $11.1M 0.06% -2K -1.0% $50.32 -6.4%
Page 4 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%