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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 16 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
301 CCI CROWN CASTLE INC Real Estate 113,752.0 $9.2M 0.05% $81.31 +13.2%
302 MCHP MICROCHIP TECHNOLOGY INC Technology 141,318.0 $9.1M 0.05% $64.61 +41.0%
303 PHM PULTE GROUP INC Consumer Cyclical 77,569.0 $9.1M 0.05% -800.0 -1.0% $117.61 -1.1%
304 TTWO TAKE TWO INTERACTIVE SOFTWAR Communication Services 45,492.0 $9.0M 0.05% $197.50 +19.8%
305 SYY SYSCO CORP Consumer Defensive 125,117.0 $8.9M 0.05% $71.33 +5.8%
306 RMD RESMED INC Healthcare 39,611.0 $8.9M 0.05% -200.0 -0.5% $224.48 -6.5%
307 MTB M T BK CORP Financial Services 43,001.0 $8.9M 0.05% -500.0 -1.1% $206.72 +2.7%
308 CCL CARNIVAL CORP Consumer Cyclical 340,544.0 $8.8M 0.05% +16K +5.0% $25.88 +1.2%
309 JBL JABIL INC Technology 33,100.0 $8.8M 0.05% -400.0 -1.2% $265.63 +34.2%
310 HBAN HUNTINGTON BANCSHARES INC Financial Services 560,950.0 $8.8M 0.05% +119K +26.8% $15.65 +1.3%
311 AXON AXON ENTERPRISE INC Industrials 20,600.0 $8.7M 0.05% $424.69 -8.2%
312 KVUE KENVUE INC Consumer Defensive 500,539.0 $8.6M 0.05% $17.24 +1.3%
313 VICI VICI PPTYS INC Real Estate 314,600.0 $8.6M 0.04% $27.32 +4.0%
314 EXPE EXPEDIA GROUP INC Consumer Cyclical 37,164.0 $8.6M 0.04% $230.89 -5.5%
315 GEHC GE HEALTHCARE TECHNOLOGIES I Healthcare 119,053.0 $8.5M 0.04% $71.18 -9.6%
316 A AGILENT TECHNOLOGIES INC Healthcare 73,881.0 $8.4M 0.04% $113.98 +0.7%
317 FISV FISERV INC Technology 150,634.0 $8.4M 0.04% $55.80 +0.0%
318 PAYX PAYCHEX INC Industrials 91,077.0 $8.4M 0.04% $92.12 +2.3%
319 EIX EDISON INTL Utilities 114,512.0 $8.4M 0.04% $73.18 -3.9%
320 KMB KIMBERLY CLARK CORP Consumer Defensive 86,716.0 $8.4M 0.04% $96.47 +2.3%
Page 16 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%