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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 6 of 10  ·  194 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 TPR TAPESTRY INC Consumer Cyclical 52,899.0 $7.5M 0.04% -700.0 -1.3% $141.11 -3.8%
102 INGERSOLL RAND INC 93,023.0 $7.5M 0.04% -1K -1.2% $80.12
103 ULTA ULTA BEAUTY INC Consumer Cyclical 14,153.0 $7.4M 0.04% -200.0 -1.4% $522.71 -5.7%
104 WSM WILLIAMS SONOMA INC Consumer Cyclical 40,500.0 $7.4M 0.04% -700.0 -1.7% $182.33 -1.1%
105 DOV DOVER CORP Industrials 35,223.0 $7.3M 0.04% -700.0 -1.9% $208.45 -0.3%
106 CFG CITIZENS FINL GROUP INC Financial Services 121,973.0 $7.3M 0.04% -2K -1.2% $59.97 +4.7%
107 WDAY WORKDAY INC Technology 55,600.0 $7.2M 0.04% -1K -2.1% $129.92 -2.5%
108 RJF RAYMOND JAMES FINL INC Financial Services 47,744.0 $6.9M 0.04% -300.0 -0.6% $144.79 +5.0%
109 NTAP NETAPP INC Technology 66,429.0 $6.8M 0.04% -500.0 -0.8% $102.39 +21.1%
110 NTRS NORTHERN TR CORP Financial Services 48,713.0 $6.8M 0.04% -800.0 -1.6% $139.57 +19.7%
111 OMC OMNICOM GROUP INC Communication Services 89,182.0 $6.7M 0.04% -1K -1.4% $75.31 -2.0%
112 SYF SYNCHRONY FINANCIAL Financial Services 98,540.0 $6.7M 0.04% -4K -3.4% $68.02 +5.9%
113 MTD METTLER TOLEDO INTERNATIONAL Healthcare 5,296.0 $6.7M 0.04% -100.0 -1.9% $1261.20 -13.5%
114 LEN LENNAR CORP Consumer Cyclical 74,015.0 $6.4M 0.03% -3K -4.0% $86.84 +2.3%
115 RF REGIONS FINANCIAL CORP NEW Financial Services 245,239.0 $6.4M 0.03% -3K -1.1% $26.12 +5.4%
116 DXCM DEXCOM INC Healthcare 100,500.0 $6.3M 0.03% -2K -1.6% $62.80 +14.5%
117 HPQ HP INC Technology 311,562.0 $6.0M 0.03% -5K -1.6% $19.21 +14.0%
118 DLTR DOLLAR TREE INC Consumer Defensive 53,969.0 $5.9M 0.03% -1K -2.5% $109.51 -12.6%
119 DRI DARDEN RESTAURANTS INC Consumer Cyclical 30,112.0 $5.9M 0.03% -300.0 -1.0% $196.04 +0.5%
120 CHD CHURCH DWIGHT CO INC Consumer Defensive 61,851.0 $5.8M 0.03% -1K -1.6% $93.32 +2.5%
Page 6 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%