State of Michigan Retirement System 13F: Adds $6.1M to VMRK Stake
Key Points
- The State of Michigan Retirement System raised its position in AvalonBay Communities by 101,126 shares, bringing its total to 200,251 shares valued at approximately $12.17 million.
- AvalonBay shares recently traded at $62.55, which is about equal to the closing price on the filing date.
- The fund's stake now represents 0.11% of its total reported value of about $11.02 billion.
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On October 27, 2026, the State of Michigan Retirement System boosted its stake in AvalonBay Communities, Inc. (VMRK) by 101,126 shares, bringing its total holdings to 200,251 shares. The information comes from the fund's latest Form 13F filing with the SEC.
VMRK
AvalonBay Communities, Inc.
What Changed in State of Michigan Retirement System's AvalonBay Position
The State of Michigan Retirement System added 101,126 shares to its position in AvalonBay Communities, growing its stake by 102.02%. This change reflects a total reported value of about $12.17 million in AvalonBay stock.
Where AvalonBay Fits in State of Michigan Retirement System's Portfolio
AvalonBay now ranks 41st among the State of Michigan Retirement System's 966 reported positions, making up 0.11% of the fund's total reported value of about $11.02 billion.
Other Institutional Activity in AvalonBay
Fort Washington Investment Advisors holds 638,739 shares of AvalonBay, valued at about $38.81 million. Auto-Owners Insurance also has a stake of 181,545 shares worth approximately $11.03 million. Additionally, Asset Management One increased its holdings by 735,423 shares to a total of 1,414,702 shares valued at about $85.96 million.
AvalonBay Communities, Inc. Stock Down 0.4%
AvalonBay Communities shares recently traded at $62.55, which is about equal to the closing price on October 27, 2026. This price positions the stock in a stable trading range as the fund made its latest investment.
Recent Earnings
AvalonBay reported trailing twelve-month revenue of approximately $3.09 billion, achieving a net margin of 33.3%. The company is set to announce its next earnings on November 4, 2026.
Insider Buying and Selling at AvalonBay Communities, Inc.
Several insiders sold shares earlier this year, including Susan Swanezy, a Director, who sold 15,700 shares for about $1 million on August 18, 2026. Sean Thomas Willson, an Officer, sold 250 shares for about $16,080 on August 19, 2026, and another 300 shares for about $19,893 on August 21, 2026.
Analysts Set New Price Targets
On October 12, 2026, Piper Sandler maintained a Neutral rating on AvalonBay with a price target of $67. RBC Capital also maintained a Sector Perform rating with a target of $67 on October 13, 2026. The consensus target among analysts is $68, reflecting a variety of perspectives on the stock's potential.
About AvalonBay Communities
AvalonBay Communities focuses on developing, buying, and managing high-quality apartment communities in major U.S. metro areas. The company owns or has investments in over 184,000 rental apartments and has more than 11,100 apartments under construction.
Bottom Line
Investors should keep an eye on AvalonBay's upcoming earnings report on November 4, 2026, and watch for further institutional moves in the stock. The State of Michigan Retirement System's increased position indicates confidence in AvalonBay's prospects as it trades at a stable price.
Related Filing Alerts
Source: State of Michigan Retirement System's 13F filing on $VMRK (Oct 27, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts