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StocksUpdated•Originally published 28 April 2026•Updated 28 April 2026•

1 min read

Michigan Retirement System Conducts Broad Portfolio Rebalancing

Key Facts

1The State of Michigan Retirement System decreased its stake in Aflac Incorporated by 7.2%, holding 128,107 shares valued at $14.13 million.

2The fund sold 30,100 shares of Sempra Energy, reducing its position by 15.0% to a remaining value of approximately $15.09 million.

3Insiders at Aflac collectively sold 572,632 shares over the past three months.

The State of Michigan Retirement System has expanded its institutional portfolio rebalancing, executing significant adjustments across multiple sectors. The fund reduced its stake in American Tower Corporation by 9.1% and trimmed its investment in Cummins Inc. by 11.1%, retaining a position valued at $18.44 million. Additionally, the system sold 17,000 shares of Johnson Controls International, adding to its previous divestments in Aflac and Sempra Energy. Conversely, the fund showed bullish sentiment toward other assets, increasing its stake in Copart, Inc. by 13.4% through the purchase of 52,000 additional shares. It also boosted its position in MSCI Inc. by 10.6%, bringing the total holding value to $22.09 million. These comprehensive adjustments reflect an active risk management strategy and shifting confidence levels across the real estate, industrial, and financial service sectors.

about 1 month ago

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Version 1about 1 month ago

What changed: The story was updated to include new divestments from AMT, CMI, and JCI, alongside strategic stake increases in CPRT and MSCI.