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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 13 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
241 ZTS ZOETIS INC Healthcare 115,764.0 $13.7M 0.07% -5K -4.2% $118.21 -32.6%
242 URI UNITED RENTALS INC Industrials 18,754.0 $13.7M 0.07% -200.0 -1.1% $728.56 +28.5%
243 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 424,900.0 $13.6M 0.07% -6K -1.4% $32.01 +2.5%
244 APOS APOLLO GLOBAL MGMT INC Financial Services 121,300.0 $13.5M 0.07% $111.42 -76.5%
245 ENTERGY CORP NEW 118,204.0 $13.3M 0.07% +1K +1.1% $112.36
246 FANG DIAMONDBACK ENERGY INC Energy 66,863.0 $13.2M 0.07% +2K +2.9% $197.79 +1.6%
247 LITE LUMENTUM HLDGS INC Technology 18,700.0 $13.1M 0.07% +2K +11.8% $702.76 +37.2%
248 OXY OCCIDENTAL PETE CORP Energy 201,939.0 $13.1M 0.07% $65.00 -9.5%
249 AME AMETEK INC Industrials 60,153.0 $12.9M 0.07% $214.36 +4.1%
250 KEYS KEYSIGHT TECHNOLOGIES INC Technology 44,831.0 $12.7M 0.07% $282.37 +19.5%
251 EA ELECTRONIC ARTS INC Communication Services 61,454.0 $12.5M 0.07% $203.87 -1.0%
252 VST VISTRA CORP Utilities 83,200.0 $12.5M 0.07% $150.33 -4.2%
253 WAB WABTEC Industrials 49,516.0 $12.4M 0.07% $249.91 +3.7%
254 XEL XCEL ENERGY INC Utilities 154,494.0 $12.3M 0.07% $79.44 +0.5%
255 BDX BECTON DICKINSON CO Healthcare 77,788.0 $12.2M 0.07% -700.0 -0.9% $157.23 -7.0%
256 GRMN GARMIN LTD Technology 52,597.0 $12.2M 0.06% $232.01 +3.3%
257 DAL DELTA AIR LINES INC Industrials 183,403.0 $12.2M 0.06% $66.48 +13.8%
258 TER TERADYNE INC Technology 40,935.0 $12.1M 0.06% $296.46 +16.2%
259 ADM ARCHER DANIELS MIDLAND CO Consumer Defensive 163,741.0 $11.9M 0.06% $72.69 +6.1%
260 SHOP SHOPIFY INC Technology 99,800.0 $11.8M 0.06% -17K -14.8% $118.62 -11.5%
Page 13 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%