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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 19 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
361 EXPAND ENERGY CORPORATION 62,200.0 $6.8M 0.04% $109.78
362 DG DOLLAR GEN CORP Consumer Defensive 57,454.0 $6.8M 0.04% $118.73 -11.5%
363 HUBB HUBBELL INC Industrials 13,900.0 $6.8M 0.04% $490.74 -6.1%
364 NTAP NETAPP INC Technology 66,429.0 $6.8M 0.04% -500.0 -0.8% $102.39 +21.1%
365 NTRS NORTHERN TR CORP Financial Services 48,713.0 $6.8M 0.04% -800.0 -1.6% $139.57 +19.7%
366 ARKB ARK 21SHARES BITCOIN ETF Financial Services 300,000.0 $6.7M 0.04% $22.49 +14.5%
367 TECHNIPFMC PLC 97,300.0 $6.7M 0.04% +2K +1.8% $69.13
368 OMC OMNICOM GROUP INC Communication Services 89,182.0 $6.7M 0.04% -1K -1.4% $75.31 -2.0%
369 SYF SYNCHRONY FINANCIAL Financial Services 98,540.0 $6.7M 0.04% -4K -3.4% $68.02 +5.9%
370 MTD METTLER TOLEDO INTERNATIONAL Healthcare 5,296.0 $6.7M 0.04% -100.0 -1.9% $1261.20 -13.5%
371 FICO FAIR ISAAC CORP Technology 6,200.0 $6.6M 0.04% $1067.54 +15.0%
372 CASY CASEYS GEN STORES INC Consumer Cyclical 8,921.0 $6.5M 0.03% +100.0 +1.1% $727.86 +13.3%
373 PPG PPG INDS INC Basic Materials 60,643.0 $6.5M 0.03% $106.88 -2.3%
374 LEN LENNAR CORP Consumer Cyclical 74,015.0 $6.4M 0.03% -3K -4.0% $86.84 +2.3%
375 CINF CINCINNATI FINL CORP Financial Services 40,806.0 $6.4M 0.03% $157.35 +7.0%
376 RF REGIONS FINANCIAL CORP NEW Financial Services 245,239.0 $6.4M 0.03% -3K -1.1% $26.12 +5.4%
377 FLEX FLEXTRONICS INTL LTD Technology 97,200.0 $6.4M 0.03% NEW $65.46 +100.2%
378 AVB AVALONBAY CMNTYS INC Real Estate 38,911.0 $6.4M 0.03% $163.35 +12.7%
379 FIS FIDELITY NATL INFORMATION SV Technology 135,303.0 $6.3M 0.03% $46.91 -7.0%
380 Q QNITY ELECTRONICS INC Technology 54,747.0 $6.3M 0.03% $115.38 +32.6%
Page 19 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%