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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 23 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
441 LUV SOUTHWEST AIRLS CO Industrials 128,303.0 $4.8M 0.03% -7K -5.2% $37.57 +8.5%
442 LNT ALLIANT ENERGY CORP Utilities 67,159.0 $4.8M 0.03% $71.76 +2.1%
443 SBAC SBA COMMUNICATIONS CORP Real Estate 27,842.0 $4.8M 0.03% $172.11 +20.7%
444 BBY BEST BUY INC Consumer Cyclical 74,403.0 $4.8M 0.03% $64.20 -4.8%
445 ATI ATI INC Industrials 32,700.0 $4.8M 0.03% +600.0 +1.9% $145.46 +10.3%
446 MTZ MASTEC INC Industrials 14,739.0 $4.7M 0.03% +200.0 +1.4% $321.74 +20.8%
447 CRS CARPENTER TECHNOLOGY CORP Industrials 12,000.0 $4.7M 0.03% +200.0 +1.7% $394.15 +11.2%
448 GPN GLOBAL PMTS INC Industrials 69,878.0 $4.7M 0.03% $67.30 +7.9%
449 CSGP COSTAR GROUP INC Real Estate 116,500.0 $4.7M 0.03% $40.34 -15.9%
450 EL LAUDER ESTEE COS INC Consumer Defensive 64,538.0 $4.6M 0.02% $71.77 +9.9%
451 MRNA MODERNA INC Healthcare 90,841.0 $4.6M 0.02% $50.80 -7.0%
452 WY WEYERHAEUSER CO Real Estate 188,177.0 $4.6M 0.02% $24.43 -4.9%
453 CNC CENTENE CORP DEL Healthcare 140,327.0 $4.6M 0.02% $32.74 +76.5%
454 NVT NVENT ELEC PLC Industrials 38,806.0 $4.6M 0.02% +700.0 +1.8% $118.28 +38.3%
455 JBHT HUNT J B TRANS SVCS INC Industrials 21,495.0 $4.6M 0.02% -200.0 -0.9% $211.90 +22.3%
456 ILMN ILLUMINA INC Healthcare 36,800.0 $4.5M 0.02% +700.0 +1.9% $123.26 +17.5%
457 BWXT BWX TECHNOLOGIES INC Industrials 22,000.0 $4.5M 0.02% +400.0 +1.9% $204.49 -1.0%
458 FN FABRINET Technology 8,600.0 $4.5M 0.02% +100.0 +1.2% $521.52 +34.9%
459 BALL BALL CORP Consumer Cyclical 75,701.0 $4.5M 0.02% $59.11 -4.7%
460 PSTG EVERPURE INC Technology 75,500.0 $4.5M 0.02% +2K +2.3% $59.04 +41.9%
Page 23 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%