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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 40 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
781 ESNT ESSENT GROUP LTD Financial Services 22,933.0 $1.3M 0.01% $58.44 +5.9%
782 NJR NEW JERSEY RES CORP Utilities 24,285.0 $1.3M 0.01% +500.0 +2.1% $54.92 +4.1%
783 MUR MURPHY OIL CORP Energy 32,247.0 $1.3M 0.01% +500.0 +1.6% $41.25 -8.4%
784 ESAB ESAB CORPORATION Industrials 13,702.0 $1.3M 0.01% +200.0 +1.5% $96.66 -5.7%
785 CNX CNX RES CORP Energy 34,302.0 $1.3M 0.01% +2K +7.5% $38.55 -7.8%
786 GAP GAP INC Consumer Cyclical 54,630.0 $1.3M 0.01% +1K +2.0% $24.20 -4.3%
787 FND FLOOR DECOR HLDGS INC Consumer Cyclical 25,900.0 $1.3M 0.01% +400.0 +1.6% $50.80 -4.7%
788 LSTR LANDSTAR SYS INC Industrials 8,170.0 $1.3M 0.01% +100.0 +1.2% $160.31 +19.2%
789 FCN FTI CONSULTING INC Industrials 7,304.0 $1.3M 0.01% +200.0 +2.8% $176.77 -13.3%
790 UFPI UFP INDUSTRIES INC Basic Materials 14,000.0 $1.3M 0.01% +200.0 +1.4% $92.12 -13.2%
791 SR SPIRE INC Utilities 14,236.0 $1.3M 0.01% +300.0 +2.1% $90.54 -4.2%
792 CHE CHEMED CORP NEW Healthcare 3,409.0 $1.3M 0.01% +100.0 +3.0% $377.74 +16.9%
793 AVTR AVANTOR INC Healthcare 164,100.0 $1.3M 0.01% +3K +1.9% $7.84 +0.4%
794 SON SONOCO PRODS CO Consumer Cyclical 23,751.0 $1.3M 0.01% +400.0 +1.7% $54.09 -11.3%
795 KRG KITE REALTY GROUP TRUST Real Estate 52,095.0 $1.3M 0.01% +900.0 +1.8% $24.55 +9.5%
796 WEX WEX INC Technology 8,275.0 $1.3M 0.01% +200.0 +2.5% $153.04 -5.8%
797 BKH BLACK HILLS CORP Utilities 18,200.0 $1.3M 0.01% +400.0 +2.2% $69.41 +6.8%
798 RLI RLI CORP Financial Services 22,132.0 $1.3M 0.01% +400.0 +1.8% $57.04 -7.7%
799 HWC HANCOCK WHITNEY CORPORATION Financial Services 19,840.0 $1.3M 0.01% +100.0 +0.5% $63.59 +4.8%
800 BSY BENTLEY SYS INC Technology 35,800.0 $1.3M 0.01% +600.0 +1.7% $35.12 -5.1%
Page 40 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%