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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 20 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
381 DXCM DEXCOM INC Healthcare 100,500.0 $6.3M 0.03% -2K -1.6% $62.80 +14.5%
382 LYV LIVE NATION ENTERTAINMENT IN Communication Services 41,211.0 $6.3M 0.03% $152.51 +8.8%
383 TSCO TRACTOR SUPPLY CO Consumer Cyclical 138,075.0 $6.3M 0.03% $45.30 -30.0%
384 NVR NVR INC Consumer Cyclical 946.0 $6.2M 0.03% $6589.83 -8.2%
385 LH LABCORP HOLDINGS INC Healthcare 23,287.0 $6.2M 0.03% $266.81 -4.1%
386 CMS CMS ENERGY CORP Utilities 79,999.0 $6.2M 0.03% $77.58 -5.1%
387 BUNGE GLOBAL SA 48,700.0 $6.2M 0.03% $127.20
388 TSN TYSON FOODS INC Consumer Defensive 95,528.0 $6.1M 0.03% $64.07 +3.8%
389 CW CURTISS WRIGHT CORP Industrials 8,861.0 $6.0M 0.03% +100.0 +1.1% $681.12 +6.7%
390 HPQ HP INC Technology 311,562.0 $6.0M 0.03% -5K -1.6% $19.21 +14.0%
391 LYB LYONDELLBASELL INDUSTRIES NV Basic Materials 73,965.0 $6.0M 0.03% NEW $80.56 -13.0%
392 DLTR DOLLAR TREE INC Consumer Defensive 53,969.0 $5.9M 0.03% -1K -2.5% $109.51 -12.6%
393 DRI DARDEN RESTAURANTS INC Consumer Cyclical 30,112.0 $5.9M 0.03% -300.0 -1.0% $196.04 +0.5%
394 ARES ARES MANAGEMENT CORPORATION Financial Services 53,800.0 $5.9M 0.03% $109.10 +13.6%
395 SMURFIT WESTROCK PLC 146,664.0 $5.8M 0.03% $39.85
396 NI NISOURCE INC Utilities 124,969.0 $5.8M 0.03% $46.66 +2.3%
397 LEIDOS HOLDINGS INC 37,392.0 $5.8M 0.03% $155.52
398 HUM HUMANA INC Healthcare 33,425.0 $5.8M 0.03% $173.39 +75.1%
399 CHD CHURCH DWIGHT CO INC Consumer Defensive 61,851.0 $5.8M 0.03% -1K -1.6% $93.32 +2.5%
400 VLTO VERALTO CORP Industrials 64,848.0 $5.7M 0.03% $88.42 -2.5%
Page 20 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%