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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 1 of 47  ·  935 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 NVDA NVIDIA CORPORATION Technology 8,060,260.0 $1.50B 7.31% NEW $186.50 +26.4%
2 AAPL APPLE INC Technology 4,183,799.0 $1.14B 5.53% NEW $271.86 +10.4%
3 MSFT MICROSOFT CORP Technology 2,233,867.0 $1.08B 5.25% NEW $483.62 -15.3%
4 AMZN AMAZON COM INC Consumer Cyclical 3,003,020.0 $693.2M 3.37% NEW $230.82 +14.4%
5 AVGO BROADCOM INC Technology 1,846,860.0 $639.2M 3.11% NEW $346.10 +22.9%
6 GOOGL ALPHABET INC Communication Services 1,925,280.0 $602.6M 2.93% NEW $313.00 +28.1%
7 SPY SPDR S P 500 ETF TR Financial Services 879,840.0 $600.0M 2.92% NEW $681.92 +8.4%
8 META META PLATFORMS INC Communication Services 848,314.0 $560.0M 2.72% NEW $660.09 -6.3%
9 GOOG ALPHABET INC Communication Services 1,568,960.0 $492.3M 2.39% NEW $313.80 +26.6%
10 TSLA TESLA INC Consumer Cyclical 735,657.0 $330.8M 1.61% NEW $449.72 -1.4%
11 MTUM ISHARES TR 1,287,290.0 $322.2M 1.57% NEW $250.31 +19.2%
12 JPM JPMORGAN CHASE CO Financial Services 912,731.0 $294.1M 1.43% NEW $322.22 -6.9%
13 LLY ELI LILLY CO Healthcare 256,704.0 $275.9M 1.34% NEW $1074.68 -6.3%
14 LQD ISHARES TR 2,172,400.0 $239.4M 1.16% NEW $110.19 -2.1%
15 V VISA INC Financial Services 553,223.0 $194.0M 0.94% NEW $350.71 -8.0%
16 AMD ADVANCED MICRO DEVICES INC Technology 843,000.0 $180.5M 0.88% NEW $214.16 +98.0%
17 BERKSHIRE HATHAWAY INC DEL 339,729.0 $170.8M 0.83% NEW $502.65
18 PLTR PALANTIR TECHNOLOGIES INC Technology 878,000.0 $156.1M 0.76% NEW $177.75 -24.8%
19 NFLX NETFLIX INC Communication Services 1,599,590.0 $150.0M 0.73% NEW $93.76 -7.3%
20 COST COSTCO WHSL CORP NEW Consumer Defensive 169,769.0 $146.4M 0.71% NEW $862.34 +20.7%
Page 1 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%