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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 10 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 LHX L3HARRIS TECHNOLOGIES INC Industrials 54,830.0 $18.9M 0.10% $345.15 -11.2%
182 MPC MARATHON PETE CORP Energy 77,110.0 $18.8M 0.10% -2K -2.0% $244.18 +1.7%
183 MAR MARRIOTT INTL INC NEW Consumer Cyclical 57,436.0 $18.8M 0.10% -900.0 -1.5% $327.07 +13.3%
184 PCAR PACCAR INC Industrials 161,966.0 $18.7M 0.10% $115.50 -5.3%
185 SPG SIMON PPTY GROUP INC NEW Real Estate 99,849.0 $18.6M 0.10% -600.0 -0.6% $186.53 +9.4%
186 AEP AMERICAN ELEC PWR CO INC Utilities 141,258.0 $18.5M 0.10% +1K +0.8% $131.08 -1.1%
187 ELV ELEVANCE HEALTH INC FORMERLY Healthcare 63,151.0 $18.5M 0.10% -500.0 -0.8% $292.75 +33.2%
188 CRH PLC 175,100.0 $18.4M 0.10% $105.12
189 MCO MOODYS CORP Financial Services 42,106.0 $18.4M 0.10% $436.25 +2.1%
190 ROST ROSS STORES INC Consumer Cyclical 84,456.0 $18.3M 0.10% -700.0 -0.8% $216.63 -1.8%
191 HLT HILTON WORLDWIDE HLDGS INC Consumer Cyclical 59,923.0 $18.2M 0.10% -900.0 -1.5% $304.08 +6.1%
192 AON AON PLC Financial Services 56,058.0 $18.1M 0.10% $322.78 +0.4%
193 RCL ROYAL CARIBBEAN GROUP Consumer Cyclical 65,701.0 $18.1M 0.10% NEW $275.18 -7.7%
194 CL COLGATE PALMOLIVE CO Consumer Defensive 210,529.0 $17.9M 0.10% $85.23 +6.1%
195 WBD WARNER BROS DISCOVERY INC Communication Services 647,441.0 $17.8M 0.09% $27.46 -0.1%
196 ECL ECOLAB INC Basic Materials 66,640.0 $17.7M 0.09% $266.02 -6.0%
197 IDXX IDEXX LABS INC Healthcare 31,355.0 $17.6M 0.09% $561.89 -1.6%
198 KMI KINDER MORGAN INC DEL Energy 511,445.0 $17.1M 0.09% $33.53 -0.1%
199 TRV TRAVELERS COMPANIES INC Financial Services 58,753.0 $17.1M 0.09% -2K -3.1% $291.68 +5.2%
200 BLOCK INC 284,346.0 $17.1M 0.09% $60.18
Page 10 of 48  ·  941 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%