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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 21 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
401 LUV SOUTHWEST AIRLS CO Industrials 135,403.0 $5.6M 0.03% NEW $41.33 -7.2%
402 APTIV PLC 73,349.0 $5.6M 0.03% NEW $76.09
403 CMS CMS ENERGY CORP Utilities 79,699.0 $5.6M 0.03% NEW $69.93 +3.1%
404 CORPAY INC 18,284.0 $5.5M 0.03% NEW $300.93
405 CHTR CHARTER COMMUNICATIONS INC N Communication Services 26,197.0 $5.5M 0.03% NEW $208.75 -31.7%
406 PTC PTC INC Technology 31,354.0 $5.5M 0.03% NEW $174.21 -17.3%
407 SNA SNAP ON INC Industrials 15,722.0 $5.4M 0.03% NEW $344.60 +5.5%
408 KEY KEYCORP Financial Services 262,428.0 $5.4M 0.03% NEW $20.64 +2.1%
409 SBAC SBA COMMUNICATIONS CORP NEW Real Estate 27,942.0 $5.4M 0.03% NEW $193.43 +5.1%
410 GPN GLOBAL PMTS INC Industrials 69,678.0 $5.4M 0.03% NEW $77.40 -12.7%
411 WST WEST PHARMACEUTICAL SVSC INC Healthcare 19,456.0 $5.4M 0.03% NEW $275.14 +10.6%
412 VRSN VERISIGN INC Technology 21,879.0 $5.3M 0.03% NEW $242.95 +25.7%
413 DECK DECKERS OUTDOOR CORP Consumer Cyclical 50,900.0 $5.3M 0.03% NEW $103.67 -8.7%
414 CHD CHURCH DWIGHT CO INC Consumer Defensive 62,851.0 $5.3M 0.03% NEW $83.85 +14.2%
415 AMCOR PLC 629,176.0 $5.2M 0.03% NEW $8.34
416 IT GARTNER INC Technology 20,747.0 $5.2M 0.03% NEW $252.28 -38.4%
417 PODD INSULET CORP Healthcare 18,400.0 $5.2M 0.03% NEW $284.24 -46.4%
418 NI NISOURCE INC Utilities 124,969.0 $5.2M 0.03% NEW $41.76 +11.5%
419 FTV FORTIVE CORP Technology 94,460.0 $5.2M 0.03% NEW $55.21 +6.9%
420 LVS LAS VEGAS SANDS CORP Consumer Cyclical 79,701.0 $5.2M 0.03% NEW $65.09 -22.9%
Page 21 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%