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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 9 of 10  ·  194 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
161 BWA BORGWARNER INC Consumer Cyclical 49,800.0 $2.7M 0.01% -800.0 -1.6% $54.26 +17.1%
162 SJM SMUCKER J M CO Consumer Defensive 27,839.0 $2.7M 0.01% -6K -18.7% $96.44 +4.2%
163 EXEL EXELIXIS INC Healthcare 62,516.0 $2.7M 0.01% -800.0 -1.3% $42.89 +15.8%
164 CPT CAMDEN PPTY TR Real Estate 27,000.0 $2.6M 0.01% -900.0 -3.2% $97.66 +8.7%
165 ACM AECOM Industrials 31,076.0 $2.6M 0.01% -200.0 -0.6% $84.82 -17.3%
166 NWSA NEWS CORP NEW Communication Services 96,754.0 $2.4M 0.01% -1K -1.3% $24.93 +5.3%
167 BAH BOOZ ALLEN HAMILTON HLDG COR Industrials 29,000.0 $2.3M 0.01% -2K -6.5% $78.03 -2.2%
168 BAX BAXTER INTL INC Healthcare 134,428.0 $2.3M 0.01% -6K -4.1% $16.80 +13.3%
169 FOX FOX CORP Communication Services 42,431.0 $2.3M 0.01% -2K -4.3% $53.10 +8.5%
170 CRL CHARLES RIV LABS INTL INC Healthcare 12,830.0 $2.2M 0.01% -100.0 -0.8% $172.50 -7.9%
171 AOS SMITH A O CORP Industrials 29,333.0 $1.9M 0.01% -300.0 -1.0% $65.94 -13.3%
172 MGM MGM RESORTS INTERNATIONAL Consumer Cyclical 50,144.0 $1.9M 0.01% -3K -6.2% $37.01 +1.8%
173 ERIE ERIE INDTY CO Financial Services 6,932.0 $1.7M 0.01% -100.0 -1.4% $251.31 -10.6%
174 POOL POOL CORP Industrials 8,513.0 $1.7M 0.01% -100.0 -1.2% $202.33 -10.1%
175 AGCO AGCO CORP Industrials 14,458.0 $1.7M 0.01% -200.0 -1.4% $115.87 -3.3%
176 CRBG COREBRIDGE FINL INC Financial Services 68,800.0 $1.6M 0.01% -2K -2.5% $23.86 +15.9%
177 ACI ALBERTSONS COS INC Consumer Defensive 89,000.0 $1.5M 0.01% -4K -4.8% $17.04 -4.5%
178 HXL HEXCEL CORP NEW Industrials 18,297.0 $1.5M 0.01% -500.0 -2.7% $80.93 +4.7%
179 DVA DAVITA INC Healthcare 8,749.0 $1.3M 0.01% -500.0 -5.4% $153.69 +29.3%
180 AN AUTONATION INC Consumer Cyclical 6,248.0 $1.2M 0.01% -200.0 -3.1% $195.26 -4.5%
Page 9 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%