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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 36 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
701 SITM SITIME CORP Technology 5,300.0 $1.8M 0.01% NEW $345.35 +101.8%
702 KNSL KINSALE CAP GROUP INC Financial Services 5,345.0 $1.8M 0.01% +100.0 +1.9% $341.66 -8.7%
703 AM ANTERO MIDSTREAM CORP Energy 79,725.0 $1.8M 0.01% +900.0 +1.1% $22.80 -4.3%
704 REXR REXFORD INDL RLTY INC Real Estate 55,382.0 $1.8M 0.01% +500.0 +0.9% $32.73 +10.1%
705 FLR FLUOR CORP Industrials 38,797.0 $1.8M 0.01% +700.0 +1.8% $46.65 -4.4%
706 SFM SPROUTS FMRS MKT INC Consumer Defensive 23,396.0 $1.8M 0.01% +400.0 +1.7% $77.13 +14.7%
707 MTDR MATADOR RES CO Energy 28,100.0 $1.8M 0.01% +500.0 +1.8% $63.18 -11.2%
708 CRUS CIRRUS LOGIC INC Technology 12,241.0 $1.8M 0.01% +200.0 +1.7% $144.62 +15.2%
709 ARW ARROW ELECTRS INC Technology 12,275.0 $1.8M 0.01% +100.0 +0.8% $143.41 +48.4%
710 SEIC SEI INVTS CO Financial Services 22,388.0 $1.8M 0.01% +400.0 +1.8% $78.47 +15.7%
711 FCFS FIRSTCASH HOLDINGS INC Financial Services 9,315.0 $1.8M 0.01% +100.0 +1.1% $188.00 +20.4%
712 WAL WESTERN ALLIANCE BANCORP Financial Services 24,700.0 $1.7M 0.01% +300.0 +1.2% $70.85 +8.7%
713 ERIE ERIE INDTY CO Financial Services 6,932.0 $1.7M 0.01% -100.0 -1.4% $251.31 -10.6%
714 KEX KIRBY CORP Industrials 13,059.0 $1.7M 0.01% +300.0 +2.4% $132.88 +9.6%
715 ALV AUTOLIV INC Consumer Cyclical 16,500.0 $1.7M 0.01% $105.16 +14.3%
716 POOL POOL CORP Industrials 8,513.0 $1.7M 0.01% -100.0 -1.2% $202.33 -10.1%
717 HQY HEALTHEQUITY INC Healthcare 20,522.0 $1.7M 0.01% +200.0 +1.0% $83.57 +3.4%
718 INGR INGREDION INC Consumer Defensive 15,188.0 $1.7M 0.01% +200.0 +1.3% $112.66 -9.3%
719 AAL AMERICAN AIRLINES GROUP INC Industrials 158,900.0 $1.7M 0.01% +3K +1.9% $10.74 +26.5%
720 SSD SIMPSON MFG INC Industrials 9,927.0 $1.7M 0.01% +100.0 +1.0% $171.62 +7.8%
Page 36 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%