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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 45 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
881 SLGN SILGAN HLDGS INC Consumer Cyclical 20,700.0 $836K 0.00% NEW $40.37 -4.4%
882 CBT CABOT CORP Basic Materials 12,565.0 $833K 0.00% NEW $66.28 +22.2%
883 TEX TEREX CORP NEW Industrials 15,518.0 $828K 0.00% NEW $53.38 +19.7%
884 EXPO EXPONENT INC Industrials 11,800.0 $820K 0.00% NEW $69.46 -22.7%
885 YETI YETI HLDGS INC Consumer Cyclical 18,347.0 $810K 0.00% NEW $44.17 -7.9%
886 RYN RAYONIER INC Real Estate 36,765.0 $796K 0.00% NEW $21.65 -6.6%
887 PII POLARIS INC Consumer Cyclical 12,579.0 $796K 0.00% NEW $63.25 +4.6%
888 BRBR BELLRING BRANDS INC Consumer Defensive 29,745.0 $795K 0.00% NEW $26.73 -63.7%
889 MZTI MARZETTI COMPANY Consumer Defensive 4,832.0 $794K 0.00% NEW $164.42 -30.4%
890 LIVN LIVANOVA PLC Healthcare 12,911.0 $794K 0.00% NEW $61.53 +16.5%
891 PSN PARSONS CORP DEL Industrials 12,600.0 $779K 0.00% NEW $61.80 -17.2%
892 ALGM ALLEGRO MICROSYSTEMS INC Technology 29,300.0 $773K 0.00% NEW $26.38 +63.4%
893 VAL VALARIS LTD Energy 15,300.0 $771K 0.00% NEW $50.40 +104.9%
894 PVH PVH CORPORATION Consumer Cyclical 11,400.0 $764K 0.00% NEW $67.02 +20.4%
895 CDP COPT DEFENSE PROPERTIES Real Estate 26,713.0 $743K 0.00% NEW $27.80 +14.1%
896 EEFT EURONET WORLDWIDE INC Technology 9,217.0 $702K 0.00% NEW $76.11 -8.2%
897 PAG PENSKE AUTOMOTIVE GRP INC Consumer Cyclical 4,400.0 $696K 0.00% NEW $158.29 +6.8%
898 CPRI CAPRI HOLDINGS LIMITED Consumer Cyclical 28,165.0 $687K 0.00% NEW $24.40 -28.2%
899 SYNA SYNAPTICS INC Technology 9,233.0 $683K 0.00% NEW $74.02 +75.3%
900 AVNT AVIENT CORPORATION Basic Materials 21,624.0 $676K 0.00% NEW $31.24 +8.1%
Page 45 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%