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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 4 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 XLV SELECT SECTOR SPDR TR 404,788.0 $59.3M 0.31% +41K +11.2% $146.61 +1.1%
62 IBM INTERNATIONAL BUSINESS MACHS Technology 244,140.0 $59.2M 0.31% $242.39 +4.4%
63 MCD MCDONALDS CORP Consumer Cyclical 186,015.0 $57.8M 0.30% $310.79 -8.6%
64 C CITIGROUP INC Financial Services 505,936.0 $57.4M 0.30% -12K -2.3% $113.41 +10.4%
65 KLAC KLA CORP Technology 38,768.0 $57.1M 0.30% $1472.41 +25.1%
66 MBB ISHARES TR 600,000.0 $57.0M 0.30% $94.95 -1.1%
67 PEP PEPSICO INC Consumer Defensive 365,122.0 $56.7M 0.30% $155.29 -4.1%
68 TJX TJX COS INC NEW Consumer Cyclical 347,682.0 $55.5M 0.29% $159.70 -0.3%
69 FDS FACTSET RESH SYS INC Financial Services 244,523.0 $53.1M 0.28% +205K +523.2% $216.99 +3.7%
70 MS MORGAN STANLEY Financial Services 314,326.0 $51.7M 0.27% -2K -0.6% $164.57 +21.8%
71 NEE NEXTERA ENERGY INC Utilities 543,998.0 $50.5M 0.27% $92.88 -3.4%
72 AMGN AMGEN INC Healthcare 140,697.0 $49.5M 0.26% $351.85 -4.1%
73 HIMS HIMS HERS HEALTH INC Healthcare 2,338,600.0 $48.5M 0.26% +281K +13.7% $20.76 +15.7%
74 ABT ABBOTT LABORATORIES Healthcare 471,457.0 $48.4M 0.26% $102.67 -14.5%
75 TMO THERMO FISHER SCIENTIFIC INC Healthcare 98,110.0 $48.2M 0.26% $491.53 -8.1%
76 ISRG INTUITIVE SURGICAL INC Healthcare 104,153.0 $48.0M 0.25% -105K -50.2% $460.99 -4.6%
77 DIS DISNEY WALT CO Communication Services 496,766.0 $47.9M 0.25% -5K -0.9% $96.38 +7.5%
78 PFE PFIZER INC Healthcare 1,666,884.0 $46.8M 0.25% $28.08 -7.6%
79 APH AMPHENOL CORP Technology 369,674.0 $46.7M 0.25% -17K -4.5% $126.35 -1.2%
80 TXN TEXAS INSTRS INC Technology 237,061.0 $46.0M 0.24% $194.14 +57.0%
Page 4 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%