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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 3 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 MRK MERCK CO INC Healthcare 724,490.0 $76.3M 0.37% NEW $105.26 +7.7%
42 CVX CHEVRON CORP NEW Energy 495,539.0 $75.5M 0.37% NEW $152.41 +22.5%
43 CAT CATERPILLAR INC Industrials 130,472.0 $74.7M 0.36% NEW $572.87 +55.1%
44 KO COCA COLA CO Consumer Defensive 1,040,348.0 $72.7M 0.35% NEW $69.91 +15.1%
45 IBM INTERNATIONAL BUSINESS MACHS Technology 244,740.0 $72.5M 0.35% NEW $296.21 -26.3%
46 ANET ARISTA NETWORKS INC Technology 536,556.0 $70.3M 0.34% NEW $131.03 +8.3%
47 GS GOLDMAN SACHS GROUP INC Financial Services 78,567.0 $69.1M 0.34% NEW $879.00 +10.2%
48 IJH ISHARES TR 1,034,810.0 $68.3M 0.33% NEW $66.00 +9.4%
49 HIMS HIMS HERS HEALTH INC Healthcare 2,057,700.0 $66.8M 0.33% NEW $32.47 -25.3%
50 CRM SALESFORCE INC Technology 249,243.0 $66.0M 0.32% NEW $264.91 -36.7%
51 AMAT APPLIED MATLS INC Technology 256,255.0 $65.9M 0.32% NEW $256.99 +69.9%
52 PM PHILIP MORRIS INTL INC Consumer Defensive 407,558.0 $65.4M 0.32% NEW $160.40 +19.6%
53 RTX RTX CORPORATION Industrials 351,000.0 $64.4M 0.31% NEW $183.40 -4.2%
54 CI THE CIGNA GROUP Healthcare 229,241.0 $63.1M 0.31% NEW $275.23 +3.6%
55 LRCX LAM RESEARCH CORP Technology 364,200.0 $62.3M 0.30% NEW $171.18 +74.8%
56 VLUE ISHARES TR 447,700.0 $61.2M 0.30% NEW $136.73 +31.5%
57 C CITIGROUP INC Financial Services 517,836.0 $60.4M 0.29% NEW $116.69 +5.8%
58 ABT ABBOTT LABS Healthcare 472,457.0 $59.2M 0.29% NEW $125.29 -32.6%
59 QCOM QUALCOMM INC Technology 335,366.0 $57.4M 0.28% NEW $171.05 +17.0%
60 MBB ISHARES TR 600,000.0 $57.1M 0.28% NEW $95.22 -1.7%
Page 3 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%