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Portfolio (Quarterly) Guide ↗

STATE OF MICHIGAN RETIREMENT SYSTEM

· CIK 0000762152
13F Portfolio $20.6B AUM Filed Jan 29, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 935 New
Page 11 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 PWR QUANTA SVCS INC Industrials 39,048.0 $16.5M 0.08% NEW $422.06 +82.4%
202 ZM ZOOM COMMUNICATIONS INC Technology 189,866.0 $16.4M 0.08% NEW $86.29 +16.1%
203 AEP AMERICAN ELEC PWR CO INC Utilities 140,158.0 $16.2M 0.08% NEW $115.31 +10.7%
204 LHX L3HARRIS TECHNOLOGIES INC Industrials 54,930.0 $16.1M 0.08% NEW $293.57 +3.3%
205 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 430,900.0 $15.9M 0.08% NEW $37.00 -8.8%
206 STX SEAGATE TECHNOLOGY HLDNGS PL Technology 57,005.0 $15.7M 0.08% NEW $275.39 +188.9%
207 CVNA CARVANA CO Consumer Cyclical 37,000.0 $15.6M 0.08% NEW $422.02 -84.1%
208 ICLR ICON PLC Healthcare 85,070.0 $15.5M 0.07% NEW $182.22 -36.1%
209 ROST ROSS STORES INC Consumer Cyclical 85,156.0 $15.3M 0.07% NEW $180.14 +18.1%
210 URI UNITED RENTALS INC Industrials 18,954.0 $15.3M 0.07% NEW $809.32 +18.8%
211 BDX BECTON DICKINSON CO Healthcare 78,488.0 $15.2M 0.07% NEW $194.07 -26.7%
212 ZTS ZOETIS INC Healthcare 120,864.0 $15.2M 0.07% NEW $125.82 -41.0%
213 FORTINET INC 190,770.0 $15.1M 0.07% NEW $79.41
214 ABNB AIRBNB INC Consumer Cyclical 111,300.0 $15.1M 0.07% NEW $135.72 -1.0%
215 SRE SEMPRA Utilities 170,920.0 $15.1M 0.07% NEW $88.29 +2.4%
216 DHI D R HORTON INC Consumer Cyclical 103,999.0 $15.0M 0.07% NEW $144.03 -6.0%
217 PYPL PAYPAL HLDGS INC Financial Services 254,692.0 $14.9M 0.07% NEW $58.38 -23.9%
218 MNST MONSTER BEVERAGE CORP NEW Consumer Defensive 192,616.0 $14.8M 0.07% NEW $76.67 +13.6%
219 AZO AUTOZONE INC Consumer Cyclical 4,306.0 $14.6M 0.07% NEW $3391.50 -0.8%
220 O REALTY INCOME CORP Real Estate 258,748.0 $14.6M 0.07% NEW $56.37 +8.4%
Page 11 of 47  ·  935 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 34.9%
Financial Services 14.8%
Communication Services 11.1%
Consumer Cyclical 9.8%
Healthcare 9.3%
Industrials 7.7%
Consumer Defensive 4.6%
Energy 2.5%
Utilities 2.1%
Real Estate 1.8%