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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 11 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 APD AIR PRODUCTS AND CHEMICALS I Basic Materials 58,121.0 $16.9M 0.09% $290.49 -0.1%
202 NSC NORFOLK SOUTHN CORP Industrials 58,690.0 $16.8M 0.09% $287.00 +8.5%
203 OSCR OSCAR HEALTH INC Healthcare 1,450,000.0 $16.6M 0.09% $11.47 +93.0%
204 KKR KKR CO INC Financial Services 179,300.0 $16.6M 0.09% $92.50 +2.4%
205 TFC TRUIST FINL CORP Financial Services 360,543.0 $16.6M 0.09% -5K -1.4% $45.97 +4.4%
206 SRE SEMPRA Utilities 170,520.0 $16.6M 0.09% $97.17 -5.9%
207 CTAS CINTAS CORP Industrials 97,372.0 $16.5M 0.09% -700.0 -0.7% $169.14 +1.9%
208 F FORD MTR CO Consumer Cyclical 1,426,979.0 $16.5M 0.09% $11.54 +18.5%
209 TGT TARGET CORP Consumer Defensive 133,522.0 $16.2M 0.09% $121.20 +0.9%
210 SOFI SOFI TECHNOLOGIES INC Financial Services 1,000,000.0 $15.9M 0.08% $15.88 -1.2%
211 O REALTY INCOME CORP Real Estate 258,248.0 $15.8M 0.08% $61.18 +1.7%
212 BKR BAKER HUGHES COMPANY Energy 258,112.0 $15.8M 0.08% $61.05 +7.8%
213 FORTINET INC 190,470.0 $15.6M 0.08% $81.72
214 MPWR MONOLITHIC PWR SYS INC Technology 13,970.0 $15.3M 0.08% +200.0 +1.4% $1093.35 +42.8%
215 ZM ZOOM COMMUNICATIONS INC Technology 189,866.0 $15.3M 0.08% $80.39 +23.7%
216 DLR DIGITAL RLTY TR INC Real Estate 84,381.0 $15.2M 0.08% $180.21 +7.8%
217 FAST FASTENAL CO Industrials 327,556.0 $15.2M 0.08% $46.40 -6.2%
218 NXPI NXP SEMICONDUCTORS N V Technology 76,868.0 $15.1M 0.08% NEW $196.86 +52.1%
219 DELL DELL TECHNOLOGIES INC Technology 91,058.0 $14.9M 0.08% -1K -1.4% $164.13 +54.1%
220 ODFL OLD DOMINION FREIGHT LINE IN Industrials 76,188.0 $14.9M 0.08% $195.40 +6.3%
Page 11 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%