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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 42 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
821 BYD BOYD GAMING CORP Consumer Cyclical 13,924.0 $1.1M 0.01% +300.0 +2.2% $82.18 -3.1%
822 PATH UIPATH INC Technology 103,000.0 $1.1M 0.01% NEW $11.10 -4.8%
823 BC BRUNSWICK CORP Consumer Cyclical 15,670.0 $1.1M 0.01% +300.0 +1.9% $72.76 +8.2%
824 LOPE GRAND CANYON ED INC Consumer Defensive 6,659.0 $1.1M 0.01% +100.0 +1.5% $170.03 -7.8%
825 PCTY PAYLOCITY HLDG CORP Technology 10,472.0 $1.1M 0.01% +100.0 +1.0% $108.04 +3.4%
826 FBIN FORTUNE BRANDS INNOVATIONS I Industrials 28,942.0 $1.1M 0.01% +600.0 +2.1% $38.97 -6.8%
827 KBR KBR INC Industrials 30,511.0 $1.1M 0.01% +500.0 +1.7% $36.86 -12.9%
828 KNF KNIFE RIVER CORP Basic Materials 13,655.0 $1.1M 0.01% +300.0 +2.2% $81.65 -9.8%
829 LPX LOUISIANA PAC CORP Basic Materials 15,258.0 $1.1M 0.01% +300.0 +2.0% $72.75 -3.6%
830 MTN VAIL RESORTS INC Consumer Cyclical 8,600.0 $1.1M 0.01% +100.0 +1.2% $128.32 -1.1%
831 SIGI SELECTIVE INS GROUP INC Financial Services 14,481.0 $1.1M 0.01% +200.0 +1.4% $75.39 +18.3%
832 BDC BELDEN INC Technology 9,498.0 $1.1M 0.01% +200.0 +2.1% $114.83 -8.7%
833 MAT MATTEL INC Consumer Cyclical 74,833.0 $1.1M 0.01% +1K +1.9% $14.53 +3.0%
834 TNL TRAVEL PLUS LEISURE CO Consumer Cyclical 15,507.0 $1.1M 0.01% +300.0 +2.0% $69.19 -6.2%
835 WING WINGSTOP INC Consumer Cyclical 6,672.0 $1.0M 0.01% +100.0 +1.5% $154.97 -17.3%
836 BCO BRINKS CO Industrials 9,977.0 $1.0M 0.01% +200.0 +2.0% $103.63 +1.1%
837 VVV VALVOLINE INC Energy 30,615.0 $1.0M 0.01% +600.0 +2.0% $33.68 -1.2%
838 SAIC SCIENCE APPLICATIONS INTL CO Technology 10,855.0 $1.0M 0.01% $94.92 +1.7%
839 OPCH OPTION CARE HEALTH INC Healthcare 38,159.0 $1.0M 0.01% +600.0 +1.6% $26.92 -20.1%
840 SLM SLM CORP Financial Services 47,899.0 $1.0M 0.01% $21.41 +2.8%
Page 42 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%