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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 7 of 10  ·  194 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 EFX EQUIFAX INC Industrials 31,478.0 $5.7M 0.03% -600.0 -1.9% $180.07 -9.4%
122 DGX QUEST DIAGNOSTICS INC Healthcare 28,721.0 $5.6M 0.03% -400.0 -1.4% $195.98 -1.1%
123 EQR EQUITY RESIDENTIAL Real Estate 94,425.0 $5.6M 0.03% -800.0 -0.8% $59.15 +11.2%
124 STZ CONSTELLATION BRANDS INC Consumer Defensive 36,658.0 $5.5M 0.03% -200.0 -0.5% $150.00 +0.8%
125 LULU LULULEMON ATHLETICA INC Consumer Cyclical 35,808.0 $5.5M 0.03% -400.0 -1.1% $153.10 -17.2%
126 FFIV F5 INC Technology 18,888.0 $5.5M 0.03% -400.0 -2.1% $289.33 +32.6%
127 WRB BERKLEY W R CORP Financial Services 80,919.0 $5.4M 0.03% -800.0 -1.0% $66.28 +3.0%
128 VRSN VERISIGN INC Technology 21,579.0 $5.4M 0.03% -300.0 -1.4% $248.36 +22.0%
129 FTV FORTIVE CORP Technology 93,160.0 $5.1M 0.03% -1K -1.4% $55.28 +6.8%
130 DD DUPONT DE NEMOURS INC Basic Materials 111,394.0 $5.1M 0.03% -3K -2.5% $45.80 +2.9%
131 PFG PRINCIPAL FINANCIAL GROUP IN Financial Services 55,880.0 $5.0M 0.03% -700.0 -1.2% $90.11 +14.1%
132 APTIV PLC 72,349.0 $5.0M 0.03% -1K -1.4% $69.44
133 BRO BROWN BROWN INC Financial Services 76,451.0 $5.0M 0.03% -400.0 -0.5% $65.21 -10.3%
134 DECK DECKERS OUTDOOR CORP Consumer Cyclical 49,800.0 $5.0M 0.03% -1K -2.2% $100.09 +2.5%
135 TXT TEXTRON INC Industrials 55,771.0 $4.9M 0.03% -600.0 -1.1% $87.56 +2.2%
136 LUV SOUTHWEST AIRLS CO Industrials 128,303.0 $4.8M 0.03% -7K -5.2% $37.57 +8.5%
137 JBHT HUNT J B TRANS SVCS INC Industrials 21,495.0 $4.6M 0.02% -200.0 -0.9% $211.90 +22.3%
138 PTC PTC INC Technology 31,054.0 $4.4M 0.02% -300.0 -1.0% $142.49 +3.8%
139 LII LENNOX INTL INC Industrials 9,300.0 $4.3M 0.02% -100.0 -1.1% $464.13 +3.5%
140 LVS LAS VEGAS SANDS CORP Consumer Cyclical 79,001.0 $4.3M 0.02% -700.0 -0.9% $53.88 -8.2%
Page 7 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%