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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 45 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
881 IRT INDEPENDENCE RLTY TR INC Real Estate 57,000.0 $849K 0.00% +600.0 +1.1% $14.89 +12.8%
882 MMS MAXIMUS INC Industrials 13,118.0 $841K 0.00% -200.0 -1.5% $64.10 -4.2%
883 LIVN LIVANOVA PLC Healthcare 13,111.0 $833K 0.00% +200.0 +1.6% $63.56 +15.9%
884 CDP COPT DEFENSE PROPERTIES Real Estate 27,213.0 $833K 0.00% +500.0 +1.9% $30.60 +5.6%
885 CVLT COMMVAULT SYS INC Technology 10,612.0 $827K 0.00% +200.0 +1.9% $77.89 +36.1%
886 WHR WHIRLPOOL CORP Consumer Cyclical 15,300.0 $825K 0.00% +2K +15.0% $53.92 -23.0%
887 BHF BRIGHTHOUSE FINL INC Financial Services 13,768.0 $824K 0.00% +300.0 +2.2% $59.88 +4.7%
888 SLGN SILGAN HLDGS INC Consumer Cyclical 21,100.0 $819K 0.00% +400.0 +1.9% $38.80 -1.8%
889 BILL BILL HOLDINGS INC Technology 21,200.0 $812K 0.00% $38.30 -4.8%
890 SHC SOTERA HEALTH CO Healthcare 56,100.0 $804K 0.00% +7K +14.5% $14.34 +8.4%
891 AVNT AVIENT CORPORATION Basic Materials 22,024.0 $799K 0.00% +400.0 +1.9% $36.30 -6.0%
892 KBH KB HOME Consumer Cyclical 15,238.0 $789K 0.00% -100.0 -0.7% $51.75 -7.2%
893 EXPO EXPONENT INC Industrials 12,000.0 $783K 0.00% +200.0 +1.7% $65.25 -12.6%
894 PVH PVH CORPORATION Consumer Cyclical 11,000.0 $767K 0.00% -400.0 -3.5% $69.76 +21.4%
895 QLYS QUALYS INC Technology 8,676.0 $762K 0.00% +200.0 +2.4% $87.85 +14.5%
896 RPRX ROYALTY PHARMA PLC Healthcare 15,700.0 $753K 0.00% $47.97 +10.6%
897 DOCS DOXIMITY INC Healthcare 32,200.0 $750K 0.00% -300.0 -0.9% $23.30 -16.8%
898 KRC KILROY REALTY CORP Real Estate 26,265.0 $741K 0.00% +500.0 +1.9% $28.21 +21.0%
899 PSKY PARAMOUNT SKYDANCE CORP Communication Services 81,212.0 $733K 0.00% $9.02 +12.3%
900 MSTR STRATEGY INC Technology 5,800.0 $724K 0.00% $124.80 +32.1%
Page 45 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%