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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 9 of 48  ·  941 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
161 BK BANK NEW YORK MELLON CORP Financial Services 179,837.0 $21.3M 0.11% -3K -1.5% $118.63 +17.2%
162 CDNS CADENCE DESIGN SYSTEM INC Technology 76,023.0 $21.1M 0.11% $277.87 +29.0%
163 AMT AMERICAN TOWER CORP Real Estate 122,284.0 $21.1M 0.11% $172.58 +6.5%
164 JCI JOHNSON CONTROLS INTERNATION Industrials 159,856.0 $20.9M 0.11% $130.95 +3.5%
165 EW EDWARDS LIFESCIENCES CORP Healthcare 257,051.0 $20.6M 0.11% $80.08 +3.9%
166 MSCI MSCI INC Financial Services 38,002.0 $20.5M 0.11% -500.0 -1.3% $539.01 +8.0%
167 REGN REGENERON PHARMACEUTICALS Healthcare 26,321.0 $20.3M 0.11% $772.64 -15.9%
168 ORLY OREILLY AUTOMOTIVE INC Consumer Cyclical 219,945.0 $20.3M 0.11% $92.31 +0.0%
169 MSI MOTOROLA SOLUTIONS INC Technology 46,408.0 $20.1M 0.11% -300.0 -0.6% $433.97 -7.8%
170 SHW SHERWIN WILLIAMS CO Basic Materials 62,656.0 $20.1M 0.11% $320.55 -4.0%
171 ITW ILLINOIS TOOL WKS INC Industrials 76,936.0 $20.0M 0.11% -600.0 -0.8% $260.29 -4.0%
172 MMM 3M CO Industrials 137,605.0 $20.0M 0.11% -2K -1.1% $145.23 +4.4%
173 SNPS SYNOPSYS INC Technology 49,954.0 $19.8M 0.10% +1K +2.7% $396.48 +25.8%
174 CMI CUMMINS INC Industrials 36,131.0 $19.4M 0.10% $538.02 +18.7%
175 HCA HCA HEALTHCARE INC Healthcare 40,909.0 $19.4M 0.10% -900.0 -2.1% $473.24 -17.0%
176 MDLZ MONDELEZ INTL INC Consumer Defensive 334,870.0 $19.3M 0.10% -3K -0.9% $57.64 +6.7%
177 EMR EMERSON ELEC CO Industrials 146,820.0 $19.2M 0.10% $131.02 +3.0%
178 PSX PHILLIPS 66 Energy 105,212.0 $19.2M 0.10% $182.18 -1.6%
179 MELI MERCADOLIBRE INC Consumer Cyclical 11,000.0 $19.0M 0.10% $1729.02 -3.0%
180 TEL TE CONNECTIVITY PLC Technology 90,823.0 $19.0M 0.10% $209.02 -3.7%
Page 9 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%