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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 12 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
221 VLO VALERO ENERGY CORP Energy 88,962.0 $14.5M 0.07% NEW $162.79 +54.0%
222 APD AIR PRODS CHEMS INC Basic Materials 58,221.0 $14.4M 0.07% NEW $247.02 +18.7%
223 ALL ALLSTATE CORP Financial Services 68,489.0 $14.3M 0.07% NEW $208.15 +4.4%
224 AFL AFLAC INC Financial Services 128,107.0 $14.1M 0.07% NEW $110.27 +7.6%
225 D DOMINION ENERGY INC Utilities 240,867.0 $14.1M 0.07% NEW $58.59 +5.4%
226 KMI KINDER MORGAN INC DEL Energy 512,545.0 $14.1M 0.07% NEW $27.49 +22.3%
227 PSX PHILLIPS 66 Energy 105,512.0 $13.6M 0.07% NEW $129.04 +36.5%
228 COIN COINBASE GLOBAL INC Financial Services 59,700.0 $13.5M 0.07% NEW $226.14 -16.2%
229 VST VISTRA CORP Utilities 83,400.0 $13.5M 0.07% NEW $161.33 -13.4%
230 ROP ROPER TECHNOLOGIES INC Industrials 30,111.0 $13.4M 0.07% NEW $445.13 -27.9%
231 FAST FASTENAL CO Industrials 328,156.0 $13.2M 0.06% NEW $40.13 +7.8%
232 TMDX TRANSMEDICS GROUP INC Healthcare 108,000.0 $13.1M 0.06% NEW $121.65 -48.0%
233 CTSH COGNIZANT TECHNOLOGY SOLUTIO Technology 158,123.0 $13.1M 0.06% NEW $83.00 -43.2%
234 TGT TARGET CORP Consumer Defensive 134,122.0 $13.1M 0.06% NEW $97.75 +24.3%
235 AIG AMERICAN INTL GROUP INC Financial Services 153,067.0 $13.1M 0.06% NEW $85.55 -8.4%
236 DLR DIGITAL RLTY TR INC Real Estate 84,581.0 $13.1M 0.06% NEW $154.71 +21.8%
237 CBRE CBRE GROUP INC Real Estate 80,638.0 $13.0M 0.06% NEW $160.79 -18.9%
238 MPC MARATHON PETE CORP Energy 78,710.0 $12.8M 0.06% NEW $162.63 +56.8%
239 DAL DELTA AIR LINES INC DEL Industrials 183,503.0 $12.7M 0.06% NEW $69.40 +1.2%
240 GWW WW GRAINGER INC Industrials 12,617.0 $12.7M 0.06% NEW $1009.05 +26.1%
Page 12 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%