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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 30 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
581 BAX BAXTER INTL INC Healthcare 140,128.0 $2.7M 0.01% NEW $19.11 -1.8%
582 AES AES CORP Utilities 186,395.0 $2.7M 0.01% NEW $14.34 +2.7%
583 ELAN ELANCO ANIMAL HEALTH INC Healthcare 117,400.0 $2.7M 0.01% NEW $22.63 -12.5%
584 WYNN WYNN RESORTS LTD Consumer Cyclical 22,072.0 $2.7M 0.01% NEW $120.33 -21.2%
585 NYT NEW YORK TIMES CO Communication Services 38,216.0 $2.7M 0.01% NEW $69.42 +8.4%
586 NCLH NORWEGIAN CRUISE LINE HLDG L Consumer Cyclical 118,279.0 $2.6M 0.01% NEW $22.32 -33.7%
587 COMERICA INC 30,200.0 $2.6M 0.01% NEW $86.93
588 BAH BOOZ ALLEN HAMILTON HLDG COR Industrials 31,000.0 $2.6M 0.01% NEW $84.36 -8.2%
589 TXRH TEXAS ROADHOUSE INC Consumer Cyclical 15,678.0 $2.6M 0.01% NEW $166.00 +4.7%
590 BXP BXP INC Real Estate 38,557.0 $2.6M 0.01% NEW $67.48 -11.2%
591 LAMR LAMAR ADVERTISING CO NEW Real Estate 20,538.0 $2.6M 0.01% NEW $126.58 +18.0%
592 AYI ACUITY INC Industrials 7,194.0 $2.6M 0.01% NEW $360.04 -22.5%
593 MTSI MACOM TECH SOLUTIONS HLDGS I Technology 15,100.0 $2.6M 0.01% NEW $171.28 +109.6%
594 SCI SERVICE CORP INTL Consumer Cyclical 33,162.0 $2.6M 0.01% NEW $77.97 -0.1%
595 CRL CHARLES RIV LABS INTL INC Healthcare 12,930.0 $2.6M 0.01% NEW $199.48 -23.6%
596 WTRG ESSENTIAL UTILS INC Utilities 66,871.0 $2.6M 0.01% NEW $38.36 -3.3%
597 NWSA NEWS CORP NEW Communication Services 98,054.0 $2.6M 0.01% NEW $26.12 +0.5%
598 MKSI MKS INC Technology 15,840.0 $2.5M 0.01% NEW $159.80 +84.0%
599 EHC ENCOMPASS HEALTH CORP Healthcare 23,745.0 $2.5M 0.01% NEW $106.14 -0.0%
600 AMH AMERICAN HOMES 4 RENT Real Estate 77,000.0 $2.5M 0.01% NEW $32.10 +0.3%
Page 30 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%