STATE OF MICHIGAN RETIREMENT SYSTEM quarter change: USA Stocks, Reduced
In share positions in stocks (listed in the US), from the quarter ended 2026-03-31 to 2026-06-30, STATE OF MICHIGAN RETIREMENT SYSTEM opened 31 positions, added to 146, reduced 734, sold out of 16 and left 29 unchanged. The largest increase in value was AMD (+$333,523,341); the largest decrease was TDG (-$68,802,380).
- AEP: Country of operation United States; Class COM; Shares 2026-03-31 141,258; Shares 2026-06-30 139,358.
- FTI: Country of operation United Kingdom; Class COM; Shares 2026-03-31 97,300; Shares 2026-06-30 93,200.
- CR: Country of operation United States; Class COM; Shares 2026-03-31 11,772; Shares 2026-06-30 11,472.
- FE: Country of operation United States; Class COM; Shares 2026-03-31 135,844; Shares 2026-06-30 133,344.
Two Form 13F-HR filings compared (SEC CIK 762152): 2026-03-31 (filed 2026-05-04) and 2026-06-30 (filed 2026-07-30). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move; share change is the position change.
| Stock | Country of operation | Class | Shares 2026-03-31 | Shares 2026-06-30 | Share change | Value 2026-03-31 | Value 2026-06-30 | Value change |
|---|
AEP
AMERICAN ELEC PWR CO INC | United States | COM | 141,258 | 139,358 | -1,900 | $18,516,099 | $19,065,568 | +$549,469 |
|---|
FTI
TECHNIPFMC PLC | United Kingdom | COM | 97,300 | 93,200 | -4,100 | $6,726,349 | $6,179,160 | -$547,189 |
|---|
CR
CRANE COMPANY | United States | COM | 11,772 | 11,472 | -300 | $2,013,012 | $2,559,059 | +$546,047 |
|---|
FE
FIRSTENERGY CORP | United States | COM | 135,844 | 133,344 | -2,500 | $6,881,857 | $6,339,174 | -$542,683 |
|---|
AMGN
AMGEN INC | United States | COM | 140,697 | 138,197 | -2,500 | $49,504,239 | $50,043,898 | +$539,659 |
|---|
TMO
THERMO FISHER SCIENTIFIC INC | United States | COM | 98,110 | 95,110 | -3,000 | $48,224,008 | $47,684,350 | -$539,658 |
|---|
CHRW
C H ROBINSON WORLDWIDE IN | United States | COM | 30,992 | 30,192 | -800 | $5,146,841 | $5,686,361 | +$539,520 |
|---|
ACM
AECOM | United States | COM | 31,076 | 30,076 | -1,000 | $2,635,866 | $2,099,305 | -$536,561 |
|---|
PAYX
PAYCHEX INC | United States | COM | 91,077 | 90,777 | -300 | $8,390,013 | $8,926,102 | +$536,089 |
|---|
CVLT
COMMVAULT SYS INC | United States | COM | 10,612 | 9,612 | -1,000 | $826,569 | $1,362,309 | +$535,740 |
|---|
HIG
HARTFORD INSURANCE GROUP INC | United States | COM | 80,041 | 77,641 | -2,400 | $10,823,944 | $10,288,985 | -$534,959 |
|---|
TOL
TOLL BROTHERS INC | United States | COM | 22,826 | 22,126 | -700 | $3,115,064 | $3,645,259 | +$530,195 |
|---|
CW
CURTISS WRIGHT CORP | United States | COM | 8,861 | 8,661 | -200 | $6,035,404 | $6,562,959 | +$527,555 |
|---|
SWKS
SKYWORKS SOLUTIONS INC | United States | COM | 38,907 | 38,507 | -400 | $2,083,470 | $2,610,775 | +$527,305 |
|---|
RRC
RANGE RES CORP | United States | COM | 56,986 | 55,086 | -1,900 | $2,574,627 | $2,048,648 | -$525,979 |
|---|
STZ
CONSTELLATION BRANDS INC | United States | CL A | 36,658 | 35,758 | -900 | $5,498,700 | $4,973,580 | -$525,120 |
|---|
PLNT
PLANET FITNESS MASTER ISSUER | United States | CL A | 20,000 | 18,500 | -1,500 | $1,487,600 | $965,145 | -$522,455 |
|---|
CACI
CACI INTL INC | United States | CL A | 5,321 | 5,121 | -200 | $2,893,932 | $2,372,354 | -$521,578 |
|---|
LAMR
LAMAR ADVERTISING CO | United States | CL A | 20,938 | 20,338 | -600 | $2,652,007 | $3,172,321 | +$520,314 |
|---|
AIT
APPLIED INDL TECHNOLOGIES IN | United States | COM | 9,000 | 8,600 | -400 | $2,387,880 | $2,908,090 | +$520,210 |
|---|
EXEL
EXELIXIS INC | United States | COM | 62,516 | 58,816 | -3,700 | $2,681,311 | $3,200,179 | +$518,868 |
|---|
TDY
TELEDYNE TECHNOLOGIES INC | United States | COM | 13,669 | 13,169 | -500 | $8,269,882 | $8,782,406 | +$512,524 |
|---|
BXP
BXP INC | United States | COM | 38,557 | 37,857 | -700 | $2,001,108 | $2,510,298 | +$509,190 |
|---|
DHI
D R HORTON INC | United States | COM | 102,699 | 89,615 | -13,084 | $14,092,357 | $14,596,491 | +$504,134 |
|---|
BJ
BJS WHSL CLUB HLDGS INC | United States | COM | 31,515 | 29,815 | -1,700 | $3,101,706 | $2,600,464 | -$501,242 |
|---|
RL
RALPH LAUREN CORP | United States | CL A | 10,080 | 9,880 | -200 | $3,467,419 | $3,965,931 | +$498,512 |
|---|
MGM
MGM RESORTS INTERNATIONAL | United States | COM | 50,144 | 49,144 | -1,000 | $1,855,829 | $2,349,575 | +$493,746 |
|---|
VICI
VICI PPTYS INC | United States | COM | 314,600 | 305,200 | -9,400 | $8,594,872 | $8,103,060 | -$491,812 |
|---|
AVT
AVNET INC | United States | COM | 19,705 | 19,205 | -500 | $1,214,222 | $1,705,788 | +$491,566 |
|---|
DVA
DAVITA INC | United States | COM | 8,749 | 8,249 | -500 | $1,344,634 | $1,835,238 | +$490,604 |
|---|
CDW
CDW CORP | United States | COM | 34,045 | 32,745 | -1,300 | $4,120,126 | $4,605,257 | +$485,131 |
|---|
BWA
BORGWARNER INC | United States | COM | 49,800 | 48,000 | -1,800 | $2,702,148 | $3,187,200 | +$485,052 |
|---|
CMG
CHIPOTLE MEXICAN GRILL INC | United States | COM | 424,900 | 414,100 | -10,800 | $13,601,049 | $14,079,400 | +$478,351 |
|---|
LNTH
LANTHEUS HLDGS INC | United States | COM | 16,000 | 15,200 | -800 | $1,213,600 | $1,686,288 | +$472,688 |
|---|
SPXC
SPX TECHNOLOGIES INC | United States | COM | 12,000 | 11,700 | -300 | $2,399,280 | $2,868,489 | +$469,209 |
|---|
SYNA
SYNAPTICS INC | United States | COM | 9,333 | 9,033 | -300 | $653,683 | $1,122,170 | +$468,487 |
|---|
CG
CARLYLE GROUP INC | United States | COM | 62,400 | 60,600 | -1,800 | $3,019,536 | $2,551,866 | -$467,670 |
|---|
GGG
GRACO INC | United States | COM | 42,964 | 41,964 | -1,000 | $3,636,903 | $3,172,898 | -$464,005 |
|---|
MSCI
MSCI INC | United States | COM | 38,002 | 37,402 | -600 | $20,483,458 | $20,946,616 | +$463,158 |
|---|
ENS
ENERSYS | United States | COM | 8,872 | 8,572 | -300 | $1,541,244 | $2,004,305 | +$463,061 |
|---|
ITW
ILLINOIS TOOL WKS INC | United States | COM | 76,936 | 75,736 | -1,200 | $20,025,671 | $20,484,316 | +$458,645 |
|---|
SYF
SYNCHRONY FINANCIAL | United States | COM | 98,540 | 94,140 | -4,400 | $6,702,691 | $7,159,347 | +$456,656 |
|---|
UMBF
UMB FINL CORP | United States | COM | 17,141 | 16,741 | -400 | $1,933,333 | $2,389,945 | +$456,612 |
|---|
VNO
VORNADO RLTY TR | United States | SH BEN INT | 38,500 | 37,000 | -1,500 | $1,000,615 | $1,454,100 | +$453,485 |
|---|
DHR
DANAHER CORP | United States | COM | 164,346 | 161,246 | -3,100 | $31,160,002 | $30,714,138 | -$445,864 |
|---|
CHWY
CHEWY INC | United States | CL A | 57,400 | 56,200 | -1,200 | $1,549,800 | $1,104,330 | -$445,470 |
|---|
AVY
AVERY DENNISON CORP | United States | COM | 20,987 | 19,587 | -1,400 | $3,624,035 | $3,179,949 | -$444,086 |
|---|
FTV
FORTIVE CORP | United States | COM | 93,160 | 91,560 | -1,600 | $5,149,885 | $5,593,400 | +$443,515 |
|---|
CHRD
CHORD ENERGY CORPORATION | United States | COM | 13,700 | 13,200 | -500 | $1,947,866 | $1,508,760 | -$439,106 |
|---|
NFG
NATIONAL FUEL GAS CO | United States | COM | 22,912 | 22,212 | -700 | $2,152,812 | $1,714,989 | -$437,823 |
|---|
H
HYATT HOTELS CORP | United States | COM CL A | 9,900 | 9,600 | -300 | $1,423,521 | $1,860,864 | +$437,343 |
|---|
PPG
PPG INDS INC | United States | COM | 60,643 | 57,043 | -3,600 | $6,481,524 | $6,918,745 | +$437,221 |
|---|
HAS
HASBRO INC | United States | COM | 34,812 | 34,212 | -600 | $3,258,403 | $2,825,569 | -$432,834 |
|---|
R
RYDER SYS INC | United States | COM | 9,530 | 9,030 | -500 | $1,950,886 | $2,381,843 | +$430,957 |
|---|
FICO
FAIR ISAAC CORP | United States | COM | 6,200 | 5,900 | -300 | $6,618,748 | $7,049,202 | +$430,454 |
|---|
VAL
VALARIS LTD | Bermuda | CL A | 15,500 | 15,100 | -400 | $1,519,620 | $1,096,260 | -$423,360 |
|---|
MLM
MARTIN MARIETTA MATLS INC | United States | COM | 15,737 | 15,337 | -400 | $9,264,057 | $8,844,848 | -$419,209 |
|---|
KIM
KIMCO REALTY CORP | United States | COM | 176,133 | 172,633 | -3,500 | $3,957,709 | $4,376,247 | +$418,538 |
|---|
MTDR
MATADOR RES CO | United States | COM | 28,100 | 27,300 | -800 | $1,775,358 | $1,358,994 | -$416,364 |
|---|
XYL
XYLEM INC | United States | COM | 63,675 | 60,875 | -2,800 | $7,609,163 | $7,196,034 | -$413,129 |
|---|
FBIN
FORTUNE BRANDS INNOVATIONS I | United States | COM | 28,942 | 27,942 | -1,000 | $1,127,870 | $1,534,016 | +$406,146 |
|---|
G
GENPACT LIMITED | | SHS | 38,084 | 36,884 | -1,200 | $1,418,629 | $1,014,310 | -$404,319 |
|---|
SAIA
SAIA INC | United States | COM | 6,386 | 6,286 | -100 | $2,243,274 | $2,647,412 | +$404,138 |
|---|
NDSN
NORDSON CORP | United States | COM | 13,851 | 13,551 | -300 | $3,685,197 | $4,088,201 | +$403,004 |
|---|
DOV
DOVER CORP | United States | COM | 35,223 | 34,523 | -700 | $7,342,234 | $7,742,818 | +$400,584 |
|---|
MAA
MID AMER APT CMNTYS INC | United States | COM | 33,699 | 32,499 | -1,200 | $4,115,322 | $4,515,411 | +$400,089 |
|---|
VMC
VULCAN MATLS CO | United States | COM | 34,476 | 33,176 | -1,300 | $9,387,815 | $9,787,252 | +$399,437 |
|---|
CROX
CROCS INC | United States | COM | 12,138 | 11,638 | -500 | $1,007,697 | $1,404,008 | +$396,311 |
|---|
UNM
UNUM GROUP | United States | COM | 36,700 | 34,400 | -2,300 | $2,680,201 | $3,075,360 | +$395,159 |
|---|
SJM
SMUCKER J M CO | United States | COM | 27,839 | 27,339 | -500 | $2,684,793 | $3,075,638 | +$390,845 |
|---|
ACI
ALBERTSONS COMPANIES INC | United States | COM | 89,000 | 83,300 | -5,700 | $1,516,560 | $1,127,049 | -$389,511 |
|---|
MOS
MOSAIC CO | United States | COM | 82,908 | 81,408 | -1,500 | $2,114,154 | $1,725,036 | -$389,118 |
|---|
ST
SENSATA TECHNOLOGIES HLDG PL | | SHS | 35,100 | 34,000 | -1,100 | $1,236,222 | $1,623,160 | +$386,938 |
|---|
PPL
PPL CORP | United States | COM | 193,286 | 192,586 | -700 | $7,383,525 | $7,000,501 | -$383,024 |
|---|
AEIS
ADVANCED ENERGY INDS | United States | COM | 9,100 | 8,900 | -200 | $2,936,661 | $3,318,543 | +$381,882 |
|---|
BLDR
BUILDERS FIRSTSOURCE INC | United States | COM | 34,500 | 27,500 | -7,000 | $2,840,385 | $2,460,700 | -$379,685 |
|---|
SOLS
SOLSTICE ADVANCED MATLS INC | United States | COM SHS | 38,200 | 37,100 | -1,100 | $2,909,312 | $3,287,060 | +$377,748 |
|---|
STE
STERIS PLC | Ireland | SHS USD | 25,648 | 25,148 | -500 | $5,671,542 | $5,295,414 | -$376,128 |
|---|
QLYS
QUALYS INC | United States | COM | 8,676 | 8,276 | -400 | $762,187 | $1,137,867 | +$375,680 |
|---|
VOYA
VOYA FINANCIAL INC | United States | COM | 22,616 | 21,216 | -1,400 | $1,545,125 | $1,920,684 | +$375,559 |
|---|
DGX
QUEST DIAGNOSTICS INC | United States | COM | 28,721 | 28,321 | -400 | $5,628,742 | $6,002,636 | +$373,894 |
|---|
VST
VISTRA CORP | United States | COM | 83,200 | 81,200 | -2,000 | $12,507,456 | $12,880,756 | +$373,300 |
|---|
UDR
UDR INC | United States | COM | 78,545 | 75,745 | -2,800 | $2,653,250 | $3,023,740 | +$370,490 |
|---|
DT
DYNATRACE INC | United States | COM | 71,800 | 68,900 | -2,900 | $2,655,164 | $3,025,399 | +$370,235 |
|---|
USFD
US FOODS HLDG CORP | United States | COM | 53,100 | 51,500 | -1,600 | $4,896,351 | $5,265,875 | +$369,524 |
|---|
EL
LAUDER ESTEE COS INC | United States | CL A | 64,538 | 63,338 | -1,200 | $4,631,892 | $5,000,535 | +$368,643 |
|---|
WLK
WESTLAKE CORPORATION | United States | COM | 8,000 | 7,800 | -200 | $934,560 | $569,400 | -$365,160 |
|---|
WSO
WATSCO INC | United States | COM | 8,383 | 8,183 | -200 | $3,049,652 | $3,410,102 | +$360,450 |
|---|
AFL
AFLAC INC | United States | COM | 126,507 | 121,407 | -5,100 | $13,879,083 | $14,234,971 | +$355,888 |
|---|
TXRH
TEXAS ROADHOUSE INC | United States | COM | 15,878 | 15,378 | -500 | $2,622,093 | $2,971,491 | +$349,398 |
|---|
GAP
GAP INC | United States | COM | 54,630 | 52,130 | -2,500 | $1,322,046 | $973,788 | -$348,258 |
|---|
ALK
ALASKA AIR GROUP INC | United States | COM | 27,600 | 26,100 | -1,500 | $1,015,128 | $1,362,420 | +$347,292 |
|---|
ALLY
ALLY FINL INC | United States | COM | 67,600 | 65,200 | -2,400 | $2,651,948 | $2,995,940 | +$343,992 |
|---|
KKR
KKR CO INC | United States | COM | 179,300 | 177,000 | -2,300 | $16,585,250 | $16,245,060 | -$340,190 |
|---|
HALO
HALOZYME THERAPEUTICS INC | United States | COM | 28,338 | 27,738 | -600 | $1,831,485 | $2,171,053 | +$339,568 |
|---|
LSTR
LANDSTAR SYS INC | United States | COM | 8,170 | 7,970 | -200 | $1,309,733 | $1,648,276 | +$338,543 |
|---|
ZION
ZIONS BANCORPORATION NATL AS | United States | COM | 35,500 | 34,400 | -1,100 | $2,045,510 | $2,380,136 | +$334,626 |
|---|
DG
DOLLAR GEN CORP | United States | COM | 57,454 | 56,354 | -1,100 | $6,821,513 | $6,486,909 | -$334,604 |
|---|
BWXT
BWX TECHNOLOGIES INC | United States | COM | 22,000 | 21,400 | -600 | $4,498,780 | $4,165,510 | -$333,270 |
|---|
NOVT
NOVANTA INC | United States | COM | 8,600 | 8,300 | -300 | $1,015,746 | $1,346,592 | +$330,846 |
|---|