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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 5 of 10  ·  194 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 MET METLIFE INC Financial Services 156,556.0 $11.1M 0.06% -1K -0.7% $70.72 +19.2%
82 CBRE CBRE GROUP INC Real Estate 79,738.0 $10.8M 0.06% -900.0 -1.1% $135.46 -3.3%
83 HAL HALLIBURTON CO Energy 276,922.0 $10.8M 0.06% -2K -0.5% $38.99 +7.6%
84 AMP AMERIPRISE FINL INC Financial Services 23,878.0 $10.6M 0.06% -2K -5.9% $444.40 +1.4%
85 ROP ROPER TECHNOLOGIES INC Industrials 29,711.0 $10.5M 0.06% -400.0 -1.3% $353.86 -7.1%
86 COIN COINBASE GLOBAL INC Financial Services 58,300.0 $10.2M 0.05% -1K -2.4% $174.61 +10.9%
87 PRU PRUDENTIAL FINL INC Financial Services 102,155.0 $10.0M 0.05% -800.0 -0.8% $97.69 +5.7%
88 NDAQ NASDAQ INC Financial Services 117,290.0 $10.0M 0.05% -800.0 -0.7% $84.89 +6.5%
89 ACGL ARCH CAP GROUP LTD Financial Services 101,400.0 $9.7M 0.05% -1K -1.1% $95.99 +0.1%
90 CTSH COGNIZANT TECHNOLOGY SOLUTIO Technology 156,723.0 $9.6M 0.05% -1K -0.9% $61.35 -14.7%
91 TPL TEXAS PACIFIC LAND CORPORATI Energy 19,600.0 $9.3M 0.05% -200.0 -1.0% $474.56 -15.2%
92 MLM MARTIN MARIETTA MATLS INC Basic Materials 15,737.0 $9.3M 0.05% -100.0 -0.6% $588.68 -8.6%
93 PHM PULTE GROUP INC Consumer Cyclical 77,569.0 $9.1M 0.05% -800.0 -1.0% $117.61 -1.1%
94 RMD RESMED INC Healthcare 39,611.0 $8.9M 0.05% -200.0 -0.5% $224.48 -6.5%
95 MTB M T BK CORP Financial Services 43,001.0 $8.9M 0.05% -500.0 -1.1% $206.72 +2.7%
96 JBL JABIL INC Technology 33,100.0 $8.8M 0.05% -400.0 -1.2% $265.63 +34.2%
97 CTRA COTERRA ENERGY INC Energy 233,459.0 $8.2M 0.04% -1K -0.5% $35.14 -7.3%
98 ON ON SEMICONDUCTOR CORP Technology 128,036.0 $7.9M 0.04% -2K -1.8% $61.92 +77.0%
99 IQVIA HLDGS INC 44,294.0 $7.6M 0.04% -300.0 -0.7% $170.54
100 WTW WILLIS TOWERS WATSON PLC LTD Financial Services 25,692.0 $7.5M 0.04% -300.0 -1.1% $290.70 -12.6%
Page 5 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%