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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 18 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
341 TPR TAPESTRY INC Consumer Cyclical 52,899.0 $7.5M 0.04% -700.0 -1.3% $141.11 -3.8%
342 INGERSOLL RAND INC 93,023.0 $7.5M 0.04% -1K -1.2% $80.12
343 ES EVERSOURCE ENERGY Utilities 106,833.0 $7.4M 0.04% $69.28 +0.5%
344 ULTA ULTA BEAUTY INC Consumer Cyclical 14,153.0 $7.4M 0.04% -200.0 -1.4% $522.71 -5.7%
345 WSM WILLIAMS SONOMA INC Consumer Cyclical 40,500.0 $7.4M 0.04% -700.0 -1.7% $182.33 -1.1%
346 PPL PPL CORP Utilities 193,286.0 $7.4M 0.04% $38.20 -7.2%
347 CNP CENTERPOINT ENERGY INC Utilities 170,547.0 $7.4M 0.04% $43.16 -1.6%
348 DOV DOVER CORP Industrials 35,223.0 $7.3M 0.04% -700.0 -1.9% $208.45 -0.3%
349 CFG CITIZENS FINL GROUP INC Financial Services 121,973.0 $7.3M 0.04% -2K -1.2% $59.97 +4.7%
350 TWST TWIST BIOSCIENCE CORP Healthcare 153,172.0 $7.3M 0.04% $47.52 +12.9%
351 EXR EXTRA SPACE STORAGE INC Real Estate 55,479.0 $7.3M 0.04% $131.13 +9.7%
352 WDAY WORKDAY INC Technology 55,600.0 $7.2M 0.04% -1K -2.1% $129.92 -2.5%
353 KHC KRAFT HEINZ CO Consumer Defensive 316,439.0 $7.1M 0.04% $22.49 +4.7%
354 FSLR FIRST SOLAR INC Energy 35,500.0 $7.0M 0.04% $197.26 +26.2%
355 UTHR UNITED THERAPEUTICS CORP DEL Healthcare 11,732.0 $7.0M 0.04% +200.0 +1.7% $592.98 -4.9%
356 AWK AMERICAN WTR WKS CO INC NEW Utilities 50,997.0 $6.9M 0.04% $136.09 -9.0%
357 VRSK VERISK ANALYTICS INC Industrials 36,456.0 $6.9M 0.04% $189.75 -10.1%
358 RJF RAYMOND JAMES FINL INC Financial Services 47,744.0 $6.9M 0.04% -300.0 -0.6% $144.79 +5.0%
359 STLD STEEL DYNAMICS INC Basic Materials 38,360.0 $6.9M 0.04% $180.00 +26.8%
360 FE FIRSTENERGY CORP Utilities 135,844.0 $6.9M 0.04% $50.66 -10.2%
Page 18 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%