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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 7 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 CME CME GROUP INC Financial Services 98,144.0 $29.0M 0.15% $295.35 -2.1%
122 MO ALTRIA GROUP INC Consumer Defensive 438,542.0 $28.9M 0.15% $65.99 +11.7%
123 BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 223,900.0 $28.1M 0.15% -33K -12.9% $125.46 +4.8%
124 WDC WESTERN DIGITAL CORP Technology 102,657.0 $27.8M 0.15% -1K -1.0% $270.49 +69.9%
125 SO SOUTHERN CO Utilities 287,623.0 $27.8M 0.15% $96.52 -3.0%
126 GLW CORNING INC Technology 203,999.0 $27.7M 0.15% $135.97 +41.1%
127 BURL BURLINGTON STORES INC Consumer Cyclical 85,100.0 $27.7M 0.15% $325.38 -2.9%
128 GM GENERAL MTRS CO Consumer Cyclical 370,008.0 $27.6M 0.15% -8K -2.1% $74.50 +3.6%
129 SPOT SPOTIFY TECHNOLOGY S A Communication Services 56,031.0 $27.2M 0.14% NEW $484.91 -10.6%
130 CVS CVS HEALTH CORP Healthcare 375,677.0 $27.0M 0.14% $71.82 +29.9%
131 SBUX STARBUCKS CORP Consumer Cyclical 297,659.0 $26.7M 0.14% $89.59 +18.9%
132 DUK DUKE ENERGY CORP NEW Utilities 203,136.0 $26.6M 0.14% $130.94 -4.8%
133 TT TRANE TECHNOLOGIES PLC Industrials 62,613.0 $26.1M 0.14% $416.74 +8.4%
134 TMUS T MOBILE US INC Communication Services 123,741.0 $26.0M 0.14% -2K -1.8% $210.03 -9.5%
135 HUBS HUBSPOT INC Technology 106,400.0 $26.0M 0.14% $244.10 -18.7%
136 CRWD CROWDSTRIKE HLDGS INC Technology 65,900.0 $25.7M 0.14% $390.41 +66.0%
137 EQIX EQUINIX INC Real Estate 25,717.0 $25.2M 0.13% $980.24 +10.0%
138 FDX FEDEX CORP Industrials 70,167.0 $25.0M 0.13% $356.18 +9.2%
139 SANDISK CORP 38,601.0 $24.5M 0.13% +2K +6.0% $635.34
140 NKE NIKE INC Consumer Cyclical 461,715.0 $24.4M 0.13% $52.82 -16.0%
Page 7 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%