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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 20 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
381 CTRA COTERRA ENERGY INC Energy 234,659.0 $6.2M 0.03% NEW $26.32 +23.7%
382 TWLO TWILIO INC Communication Services 43,400.0 $6.2M 0.03% NEW $142.24 +39.4%
383 HUBB HUBBELL INC Industrials 13,900.0 $6.2M 0.03% NEW $444.11 +8.1%
384 LITE LUMENTUM HLDGS INC Technology 16,728.0 $6.2M 0.03% NEW $368.59 +163.4%
385 WAT WATERS CORP Healthcare 16,197.0 $6.2M 0.03% NEW $379.83 -13.3%
386 BRO BROWN BROWN INC Financial Services 76,851.0 $6.1M 0.03% NEW $79.70 -26.4%
387 TROW PRICE T ROWE GROUP INC Financial Services 59,713.0 $6.1M 0.03% NEW $102.38 -0.4%
388 FE FIRSTENERGY CORP Utilities 136,144.0 $6.1M 0.03% NEW $44.77 -2.1%
389 EQR EQUITY RESIDENTIAL Real Estate 95,225.0 $6.0M 0.03% NEW $63.04 +1.3%
390 LYV LIVE NATION ENTERTAINMENT IN Communication Services 41,311.0 $5.9M 0.03% NEW $142.50 +18.5%
391 LH LABCORP HOLDINGS INC Healthcare 23,287.0 $5.8M 0.03% NEW $250.88 -0.2%
392 CNC CENTENE CORP DEL Healthcare 140,527.0 $5.8M 0.03% NEW $41.15 +41.5%
393 WRB BERKLEY W R CORP Financial Services 81,719.0 $5.7M 0.03% NEW $70.12 -5.2%
394 IP INTERNATIONAL PAPER CO Consumer Cyclical 144,796.0 $5.7M 0.03% NEW $39.39 -23.2%
395 EXPD EXPEDITORS INTL WASH INC Industrials 38,208.0 $5.7M 0.03% NEW $149.01 +4.3%
396 TPL TEXAS PACIFIC LAND CORPORATI Energy 19,800.0 $5.7M 0.03% NEW $287.22 +34.1%
397 SMURFIT WESTROCK PLC 146,964.0 $5.7M 0.03% NEW $38.67
398 TSN TYSON FOODS INC Consumer Defensive 95,928.0 $5.6M 0.03% NEW $58.62 +12.2%
399 UTHR UNITED THERAPEUTICS CORP DEL Healthcare 11,532.0 $5.6M 0.03% NEW $487.25 +16.7%
400 DRI DARDEN RESTAURANTS INC Consumer Cyclical 30,412.0 $5.6M 0.03% NEW $184.02 +6.5%
Page 20 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%