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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 17 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
321 UAL UNITED AIRLS HLDGS INC Industrials 89,828.0 $8.3M 0.04% $92.07 +6.5%
322 TDY TELEDYNE TECHNOLOGIES INC Technology 13,669.0 $8.3M 0.04% $605.01 +1.5%
323 HSY HERSHEY CO Consumer Defensive 39,634.0 $8.2M 0.04% $207.89 -8.4%
324 CTRA COTERRA ENERGY INC Energy 233,459.0 $8.2M 0.04% -1K -0.5% $35.14 -7.3%
325 NRG NRG ENERGY INC Utilities 55,466.0 $8.1M 0.04% +5K +10.6% $146.14 -6.3%
326 CBOE CBOE GLOBAL MKTS INC Financial Services 28,503.0 $8.0M 0.04% $281.07 +25.2%
327 WAT WATERS CORP Healthcare 26,719.0 $8.0M 0.04% +11K +65.0% $297.80 +14.6%
328 DTE DTE ENERGY CO Utilities 54,277.0 $7.9M 0.04% $146.22 -1.7%
329 AEE AMEREN CORP Utilities 72,187.0 $7.9M 0.04% +1K +2.0% $109.92 -0.1%
330 ON ON SEMICONDUCTOR CORP Technology 128,036.0 $7.9M 0.04% -2K -1.8% $61.92 +77.0%
331 IRM IRON MTN INC DEL Real Estate 77,246.0 $7.9M 0.04% $102.14 +24.7%
332 BIIB BIOGEN INC Healthcare 43,003.0 $7.9M 0.04% $183.33 +3.3%
333 ETHE GRAYSCALE ETHEREUM STAKING E Financial Services 460,000.0 $7.9M 0.04% $17.07 +1.6%
334 OTIS OTIS WORLDWIDE CORP Industrials 101,507.0 $7.8M 0.04% $77.08 -7.1%
335 DOW DOW HLDGS INC Basic Materials 187,411.0 $7.8M 0.04% +1K +0.7% $41.65 -13.8%
336 IBKR INTERACTIVE BROKERS GROUP IN Financial Services 116,300.0 $7.8M 0.04% $67.07 +25.0%
337 NU NU HLDGS LTD Financial Services 540,800.0 $7.8M 0.04% $14.37 -8.4%
338 XYL XYLEM INC Industrials 63,675.0 $7.6M 0.04% $119.50 -9.4%
339 IQVIA HLDGS INC 44,294.0 $7.6M 0.04% -300.0 -0.7% $170.54
340 WTW WILLIS TOWERS WATSON PLC LTD Financial Services 25,692.0 $7.5M 0.04% -300.0 -1.1% $290.70 -12.6%
Page 17 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%