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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 8 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 KKR KKR CO INC Financial Services 179,700.0 $22.9M 0.11% NEW $127.48 -21.9%
142 SNPS SYNOPSYS INC Technology 48,654.0 $22.9M 0.11% NEW $469.72 +8.6%
143 PNC PNC FINL SVCS GROUP INC Financial Services 109,256.0 $22.8M 0.11% NEW $208.73 +2.3%
144 GD GENERAL DYNAMICS CORP Industrials 66,412.0 $22.4M 0.11% NEW $336.66 +1.2%
145 ELV ELEVANCE HEALTH INC FORMERLY Healthcare 63,651.0 $22.3M 0.11% NEW $350.55 +13.2%
146 MMM 3M CO Industrials 139,105.0 $22.3M 0.11% NEW $160.10 -9.4%
147 DASH DOORDASH INC Communication Services 97,900.0 $22.2M 0.11% NEW $226.48 -32.1%
148 MELI MERCADOLIBRE INC Consumer Cyclical 11,000.0 $22.2M 0.11% NEW $2014.26 -20.2%
149 MSCI MSCI INC Financial Services 38,502.0 $22.1M 0.11% NEW $573.73 -0.7%
150 EW EDWARDS LIFESCIENCES CORP Healthcare 257,351.0 $21.9M 0.11% NEW $85.25 -4.6%
151 CRH PLC 175,500.0 $21.9M 0.11% NEW $124.80
152 HDB HDFC BANK LTD Financial Services 595,200.0 $21.7M 0.11% NEW $36.54 -32.0%
153 UPS UNITED PARCEL SERVICE INC Industrials 218,414.0 $21.7M 0.10% NEW $99.19 -0.8%
154 HWM HOWMET AEROSPACE INC Industrials 105,245.0 $21.6M 0.10% NEW $205.02 +32.9%
155 MCO MOODYS CORP Financial Services 42,206.0 $21.6M 0.10% NEW $510.85 -15.3%
156 AMT AMERICAN TOWER CORP NEW Real Estate 122,584.0 $21.5M 0.10% NEW $175.57 -2.8%
157 WM WASTE MGMT INC DEL Industrials 96,988.0 $21.3M 0.10% NEW $219.71 -0.4%
158 IDXX IDEXX LABS INC Healthcare 31,355.0 $21.2M 0.10% NEW $676.53 -21.2%
159 BK BANK NEW YORK MELLON CORP Financial Services 182,537.0 $21.2M 0.10% NEW $116.09 +16.3%
160 OSCR OSCAR HEALTH INC Healthcare 1,450,000.0 $20.8M 0.10% NEW $14.37 +61.1%
Page 8 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%