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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 21 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
401 SNA SNAP ON INC Industrials 15,722.0 $5.7M 0.03% $363.22 -0.9%
402 CF CF INDUSTRIES HOLD Basic Materials 43,954.0 $5.7M 0.03% $129.84 -6.3%
403 STE STERIS PLC Healthcare 25,648.0 $5.7M 0.03% $221.13 -2.3%
404 EFX EQUIFAX INC Industrials 31,478.0 $5.7M 0.03% -600.0 -1.9% $180.07 -9.4%
405 DGX QUEST DIAGNOSTICS INC Healthcare 28,721.0 $5.6M 0.03% -400.0 -1.4% $195.98 -1.1%
406 EQR EQUITY RESIDENTIAL Real Estate 94,425.0 $5.6M 0.03% -800.0 -0.8% $59.15 +11.2%
407 TWLO TWILIO INC Communication Services 44,100.0 $5.5M 0.03% +700.0 +1.6% $125.82 +50.5%
408 ALB ALBEMARLE CORP Basic Materials 30,807.0 $5.5M 0.03% $179.53 -5.4%
409 STZ CONSTELLATION BRANDS INC Consumer Defensive 36,658.0 $5.5M 0.03% -200.0 -0.5% $150.00 +0.8%
410 LULU LULULEMON ATHLETICA INC Consumer Cyclical 35,808.0 $5.5M 0.03% -400.0 -1.1% $153.10 -17.2%
411 XPO XPO INC Industrials 28,142.0 $5.5M 0.03% +400.0 +1.4% $194.55 +8.3%
412 FFIV F5 INC Technology 18,888.0 $5.5M 0.03% -400.0 -2.1% $289.33 +32.6%
413 EXPD EXPEDITORS INTL WASH INC Industrials 38,108.0 $5.5M 0.03% $143.23 +9.7%
414 EVRG EVERGY INC Utilities 66,381.0 $5.4M 0.03% $81.92 +2.1%
415 TROW PRICE T ROWE GROUP INC Financial Services 59,713.0 $5.4M 0.03% $90.14 +13.0%
416 WRB BERKLEY W R CORP Financial Services 80,919.0 $5.4M 0.03% -800.0 -1.0% $66.28 +3.0%
417 VRSN VERISIGN INC Technology 21,579.0 $5.4M 0.03% -300.0 -1.4% $248.36 +22.0%
418 CORPAY INC 18,284.0 $5.3M 0.03% $290.99
419 KEY KEYCORP Financial Services 264,028.0 $5.3M 0.03% +2K +0.6% $20.05 +7.2%
420 GIS GENERAL MILLS INC Consumer Defensive 139,402.0 $5.2M 0.03% $37.22 -10.1%
Page 21 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%