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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 4 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 DIS DISNEY WALT CO Communication Services 501,366.0 $57.0M 0.28% NEW $113.77 -7.3%
62 TMO THERMO FISHER SCIENTIFIC INC Healthcare 98,410.0 $57.0M 0.28% NEW $579.45 -22.6%
63 MCD MCDONALDS CORP Consumer Cyclical 186,415.0 $57.0M 0.28% NEW $305.63 -10.0%
64 XLV SELECT SECTOR SPDR TR 364,188.0 $56.4M 0.27% NEW $154.80 -6.3%
65 MS MORGAN STANLEY Financial Services 316,226.0 $56.1M 0.27% NEW $177.53 +9.6%
66 INTC INTEL CORP Technology 1,494,283.0 $55.1M 0.27% NEW $36.90 +214.2%
67 LIN LINDE PLC Basic Materials 127,104.0 $54.2M 0.26% NEW $426.39 +20.0%
68 T AT T INC Communication Services 2,170,913.0 $53.9M 0.26% NEW $24.84 -0.7%
69 TJX TJX COS INC NEW Consumer Cyclical 348,982.0 $53.6M 0.26% NEW $153.61 -4.1%
70 PEP PEPSICO INC Consumer Defensive 366,122.0 $52.5M 0.26% NEW $143.52 +3.6%
71 VZ VERIZON COMMUNICATIONS INC Communication Services 1,284,050.0 $52.3M 0.25% NEW $40.73 +15.5%
72 APH AMPHENOL CORP NEW Technology 386,974.0 $52.3M 0.25% NEW $135.14 -7.5%
73 AXP AMERICAN EXPRESS CO Financial Services 140,677.0 $52.0M 0.25% NEW $369.95 -15.3%
74 APP APPLOVIN CORP Technology 75,100.0 $50.6M 0.25% NEW $673.82 -25.6%
75 ACN ACCENTURE PLC IRELAND Technology 187,338.0 $50.3M 0.24% NEW $268.30 -37.1%
76 QUAL ISHARES TR 245,049.0 $48.7M 0.24% NEW $198.62 +6.0%
77 NOW SERVICENOW INC Technology 316,575.0 $48.5M 0.24% NEW $153.19 -40.9%
78 INTU INTUIT Technology 72,990.0 $48.4M 0.23% NEW $662.42 -42.9%
79 KLAC KLA CORP Technology 38,868.0 $47.2M 0.23% NEW $1215.08 +55.8%
80 GEV GE VERNOVA INC Utilities 71,040.0 $46.4M 0.23% NEW $653.57 +66.9%
Page 4 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%