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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 9 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
161 TEL TE CONNECTIVITY PLC Technology 91,223.0 $20.8M 0.10% NEW $227.51 -10.7%
162 REGN REGENERON PHARMACEUTICALS Healthcare 26,421.0 $20.4M 0.10% NEW $771.87 -20.7%
163 FDX FEDEX CORP Industrials 70,467.0 $20.4M 0.10% NEW $288.86 +27.7%
164 SHW SHERWIN WILLIAMS CO Basic Materials 62,756.0 $20.3M 0.10% NEW $324.03 -7.0%
165 ORLY OREILLY AUTOMOTIVE INC Consumer Cyclical 220,945.0 $20.2M 0.10% NEW $91.21 -2.6%
166 NOC NORTHROP GRUMMAN CORP Industrials 35,118.0 $20.0M 0.10% NEW $570.21 -4.9%
167 AON AON PLC Financial Services 56,258.0 $19.9M 0.10% NEW $352.88 -9.4%
168 EQIX EQUINIX INC Real Estate 25,717.0 $19.7M 0.10% NEW $766.16 +38.9%
169 EMR EMERSON ELEC CO Industrials 147,120.0 $19.5M 0.10% NEW $132.72 -0.3%
170 HCA HCA HEALTHCARE INC Healthcare 41,809.0 $19.5M 0.10% NEW $466.86 -9.1%
171 CSX CSX CORP Industrials 533,284.0 $19.3M 0.09% NEW $36.25 +26.2%
172 WMB WILLIAMS COS INC Energy 319,721.0 $19.2M 0.09% NEW $60.11 +28.4%
173 JCI JOHNSON CTLS INTL PLC Industrials 159,956.0 $19.2M 0.09% NEW $119.75 +18.8%
174 ITW ILLINOIS TOOL WKS INC Industrials 77,536.0 $19.1M 0.09% NEW $246.30 +0.5%
175 FCX FREEPORT MCMORAN INC Basic Materials 375,933.0 $19.1M 0.09% NEW $50.79 +23.1%
176 SHOP SHOPIFY INC Technology 117,200.0 $18.9M 0.09% NEW $160.97 -38.1%
177 F FORD MTR CO Consumer Cyclical 1,427,879.0 $18.7M 0.09% NEW $13.12 +2.0%
178 WBD WARNER BROS DISCOVERY INC Communication Services 648,741.0 $18.7M 0.09% NEW $28.82 -6.5%
179 SPG SIMON PPTY GROUP INC NEW Real Estate 100,449.0 $18.6M 0.09% NEW $185.11 +8.1%
180 BLOCK INC 284,646.0 $18.5M 0.09% NEW $65.09
Page 9 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%