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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 14 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
261 PSA PUBLIC STORAGE OPER CO Real Estate 43,621.0 $11.8M 0.06% $270.88 +11.8%
262 PCG PG E CORP Utilities 671,560.0 $11.8M 0.06% $17.57 -6.4%
263 HPE HEWLETT PACKARD ENTERPRISE C Technology 493,981.0 $11.8M 0.06% $23.81 +42.7%
264 COHR COHERENT CORP Technology 49,000.0 $11.7M 0.06% +12K +32.0% $238.21 +58.7%
265 CVNA CARVANA CO Consumer Cyclical 36,900.0 $11.6M 0.06% $314.38 -79.5%
266 CARR CARRIER GLOBAL CORPORATION Industrials 205,225.0 $11.6M 0.06% -2K -1.0% $56.31 +10.4%
267 RSG REPUBLIC SVCS INC Industrials 52,587.0 $11.5M 0.06% $219.02 -3.1%
268 FITB FIFTH THIRD BANCORP Financial Services 246,416.0 $11.4M 0.06% +62K +33.7% $46.46 +5.8%
269 AIG AMERICAN INTL GROUP INC Financial Services 151,967.0 $11.4M 0.06% -1K -0.7% $75.25 +4.5%
270 PYPL PAYPAL HLDGS INC Financial Services 250,192.0 $11.3M 0.06% -4K -1.8% $45.23 -1.9%
271 ATO ATMOS ENERGY CORP Utilities 61,210.0 $11.3M 0.06% +1K +2.0% $184.72 -3.9%
272 YUM YUM BRANDS INC Consumer Cyclical 72,514.0 $11.3M 0.06% $155.48 -1.8%
273 ED CONSOLIDATED EDISON INC Utilities 99,342.0 $11.2M 0.06% $113.18 -5.1%
274 DVN DEVON ENERGY CORP NEW Energy 220,991.0 $11.1M 0.06% -2K -1.0% $50.32 -6.4%
275 MET METLIFE INC Financial Services 156,556.0 $11.1M 0.06% -1K -0.7% $70.72 +19.2%
276 NUE NUCOR CORP Basic Materials 65,310.0 $11.0M 0.06% $169.10 +33.9%
277 HIG HARTFORD INSURANCE GROUP INC Financial Services 80,041.0 $10.8M 0.06% $135.23 +0.6%
278 CBRE CBRE GROUP INC Real Estate 79,738.0 $10.8M 0.06% -900.0 -1.1% $135.46 -3.3%
279 HAL HALLIBURTON CO Energy 276,922.0 $10.8M 0.06% -2K -0.5% $38.99 +7.6%
280 EBAY EBAY INC Consumer Cyclical 118,028.0 $10.7M 0.06% $91.02 +28.7%
Page 14 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%