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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 17 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
321 OXY OCCIDENTAL PETE CORP Energy 202,339.0 $8.3M 0.04% NEW $41.12 +45.0%
322 DVN DEVON ENERGY CORP NEW Energy 223,191.0 $8.2M 0.04% NEW $36.63 +35.1%
323 VRSK VERISK ANALYTICS INC Industrials 36,456.0 $8.2M 0.04% NEW $223.69 -27.3%
324 NRG NRG ENERGY INC Utilities 50,166.0 $8.0M 0.04% NEW $159.24 -19.7%
325 TER TERADYNE INC Technology 41,035.0 $7.9M 0.04% NEW $193.56 +74.6%
326 LEN LENNAR CORP Consumer Cyclical 77,115.0 $7.9M 0.04% NEW $102.80 -19.9%
327 HAL HALLIBURTON CO Energy 278,422.0 $7.9M 0.04% NEW $28.26 +47.8%
328 CSGP COSTAR GROUP INC Real Estate 116,800.0 $7.9M 0.04% NEW $67.24 -51.4%
329 EME EMCOR GROUP INC Industrials 12,800.0 $7.8M 0.04% NEW $611.79 +49.3%
330 CIEN CIENA CORP Technology 33,296.0 $7.8M 0.04% NEW $233.87 +124.3%
331 RJF RAYMOND JAMES FINL INC Financial Services 48,044.0 $7.7M 0.04% NEW $160.59 -4.0%
332 KHC KRAFT HEINZ CO Consumer Defensive 316,939.0 $7.7M 0.04% NEW $24.25 -5.5%
333 HBAN HUNTINGTON BANCSHARES INC Financial Services 442,250.0 $7.7M 0.04% NEW $17.35 -11.2%
334 DG DOLLAR GEN CORP NEW Consumer Defensive 57,654.0 $7.7M 0.04% NEW $132.77 -22.9%
335 JBL JABIL INC Technology 33,500.0 $7.6M 0.04% NEW $228.02 +49.0%
336 BIIB BIOGEN INC Healthcare 43,103.0 $7.6M 0.04% NEW $175.99 +9.6%
337 LULU LULULEMON ATHLETICA INC Consumer Cyclical 36,208.0 $7.5M 0.04% NEW $207.81 -42.7%
338 MTD METTLER TOLEDO INTERNATIONAL Healthcare 5,396.0 $7.5M 0.04% NEW $1394.19 -26.0%
339 IBKR INTERACTIVE BROKERS GROUP IN Financial Services 116,600.0 $7.5M 0.04% NEW $64.31 +35.3%
340 INGERSOLL RAND INC 94,123.0 $7.5M 0.04% NEW $79.22
Page 17 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%