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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 22 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
421 IP INTERNATIONAL PAPER CO Consumer Cyclical 144,496.0 $5.2M 0.03% $35.70 -11.8%
422 FTV FORTIVE CORP Technology 93,160.0 $5.1M 0.03% -1K -1.4% $55.28 +6.8%
423 PKG PACKAGING CORP AMER Consumer Cyclical 24,263.0 $5.1M 0.03% $212.22 +0.5%
424 CHRW C H ROBINSON WORLDWIDE IN Industrials 30,992.0 $5.1M 0.03% $166.07 +7.3%
425 WWD WOODWARD INC Industrials 14,310.0 $5.1M 0.03% +100.0 +0.7% $357.92 -0.4%
426 DD DUPONT DE NEMOURS INC Basic Materials 111,394.0 $5.1M 0.03% -3K -2.5% $45.80 +2.9%
427 L LOEWS CORP Financial Services 47,552.0 $5.1M 0.03% $106.74 +2.3%
428 IFF INTERNATIONAL FLAVORS FRAGRA Basic Materials 69,415.0 $5.0M 0.03% $72.55 +3.7%
429 PFG PRINCIPAL FINANCIAL GROUP IN Financial Services 55,880.0 $5.0M 0.03% -700.0 -1.2% $90.11 +14.1%
430 ZBH ZIMMER BIOMET HOLDINGS INC Healthcare 55,615.0 $5.0M 0.03% $90.42 -5.6%
431 APTIV PLC 72,349.0 $5.0M 0.03% -1K -1.4% $69.44
432 AMCOR PLC 125,634.0 $5.0M 0.03% NEW $39.75
433 BRO BROWN BROWN INC Financial Services 76,451.0 $5.0M 0.03% -400.0 -0.5% $65.21 -10.3%
434 DECK DECKERS OUTDOOR CORP Consumer Cyclical 49,800.0 $5.0M 0.03% -1K -2.2% $100.09 +2.5%
435 RGLD ROYAL GOLD INC Basic Materials 19,448.0 $4.9M 0.03% +300.0 +1.6% $254.49 -12.3%
436 BR BROADRIDGE FINL SOLUTIONS IN Technology 30,460.0 $4.9M 0.03% $162.48 -7.7%
437 USFD US FOODS HLDG CORP Consumer Defensive 53,100.0 $4.9M 0.03% +400.0 +0.8% $92.21 -12.0%
438 TXT TEXTRON INC Industrials 55,771.0 $4.9M 0.03% -600.0 -1.1% $87.56 +2.2%
439 WST WEST PHARMACEUTICAL SVSC INC Healthcare 19,456.0 $4.9M 0.03% $250.64 +21.9%
440 TOST TOAST INC Technology 183,000.0 $4.9M 0.03% $26.51 -12.0%
Page 22 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%