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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 3 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 HD HOME DEPOT INC Consumer Cyclical 260,084.0 $85.5M 0.45% $328.89 -4.6%
42 BERKSHIRE HATHAWAY INC DEL 116.0 $83.3M 0.44% $718140.00
43 KO COCA COLA CO Consumer Defensive 1,038,148.0 $79.0M 0.42% $76.05 +6.7%
44 GE GE AEROSPACE Industrials 273,961.0 $77.7M 0.41% -2K -0.8% $283.77 +6.3%
45 LRCX LAM RESEARCH CORP Technology 361,600.0 $77.3M 0.41% -3K -0.7% $213.66 +41.5%
46 IJH ISHARES TR 1,131,710.0 $76.4M 0.40% +97K +9.4% $67.53 +8.0%
47 UNH UNITEDHEALTH GROUP INC Healthcare 281,419.0 $76.1M 0.40% +36K +14.9% $270.59 +41.7%
48 INTC INTEL CORP Technology 1,546,983.0 $68.3M 0.36% +53K +3.5% $44.13 +168.5%
49 WFC WELLS FARGO CO Financial Services 852,149.0 $67.8M 0.36% -14K -1.6% $79.61 -4.8%
50 RTX RTX CORPORATION Industrials 350,600.0 $67.6M 0.36% $192.90 -9.4%
51 PM PHILIP MORRIS INTL INC Consumer Defensive 406,658.0 $67.2M 0.35% $165.34 +14.1%
52 GS GOLDMAN SACHS GROUP INC Financial Services 78,367.0 $66.3M 0.35% $845.99 +16.8%
53 ANET ARISTA NETWORKS INC Technology 535,956.0 $65.8M 0.35% $122.78 +21.0%
54 ORCL ORACLE CORP Technology 442,932.0 $65.2M 0.34% +3K +0.6% $147.11 +29.0%
55 VZ VERIZON COMMUNICATIONS INC Communication Services 1,281,850.0 $64.3M 0.34% $50.20 -4.7%
56 LIN LINDE PLC Basic Materials 126,904.0 $62.9M 0.33% $495.76 +3.8%
57 QUAL ISHARES TR 324,549.0 $62.3M 0.33% +80K +32.4% $191.81 +10.9%
58 T AT T INC Communication Services 2,143,713.0 $62.1M 0.33% -27K -1.2% $28.99 -14.0%
59 GEV GE VERNOVA INC Utilities 70,440.0 $61.5M 0.33% -600.0 -0.8% $872.90 +19.6%
60 CI THE CIGNA GROUP Healthcare 228,141.0 $60.9M 0.32% $266.75 +5.7%
Page 3 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%