State of Michigan Retirement System 13F: Adds $52M to CRWD Stake
Key Points
- The State of Michigan Retirement System increased its position in CrowdStrike by 196,646 shares, now holding 275,980 shares valued at approximately $73.1 million.
- CrowdStrike's shares recently traded around $268.02, which is about equal to its closing price on October 27, 2026.
- Analysts maintain a 'Buy' recommendation for CrowdStrike, with a mean price target of $247.25 based on 50 opinions.
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On October 27, 2026, the State of Michigan Retirement System boosted its stake in CrowdStrike Holdings, Inc. (CRWD) by 196,646 shares, bringing its total to 275,980 shares. This increase represents a value of about $73.1 million, according to its latest Form 13F filing with the SEC.
CRWD
CrowdStrike Holdings, Inc.
What Changed in State of Michigan Retirement System's CrowdStrike Position
The State of Michigan Retirement System added 196,646 shares to its position in CrowdStrike, which is a 247.9% increase from its previous holdings of 79,334 shares. This move reflects a growing confidence in the company's future performance.
Where CrowdStrike Fits in State of Michigan Retirement System's Portfolio
CrowdStrike now accounts for 0.66% of the State of Michigan Retirement System's total reported portfolio, ranking 27th among its 966 holdings. The fund's total reported value is approximately $11.02 billion, highlighting the importance of this position.
Other Institutional Activity in CrowdStrike
On the same day, Asset Management One boosted its stake in CrowdStrike by 381,508 shares, bringing its total to 522,176 shares valued at about $138.2 million. Additionally, Penobscot Investment Management Company added 2,180 shares, increasing its total position to that amount.
CrowdStrike Holdings, Inc. Stock Up 4.1%
CrowdStrike's shares recently traded around $268.02, which is about equal to its closing price on October 27, 2026. The stock is currently above its 50-day moving average by 13.7% and its 200-day average by 63.1%, suggesting robust performance in recent months.
Recent Earnings
CrowdStrike reported trailing twelve-month revenue of approximately $5.4 billion, with a year-over-year revenue growth of 25.8%. The next earnings report is scheduled for December 1, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
29 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 1.0%. Revenue met estimates.
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Profit surprise
EBITDA missed by 65 percent. Operating income missed by 86 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
29 target raises, 1 target cut.
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Earnings quality
Gross margin up 1.5 points. Operating margin up 9.1 points. Positive free cash flow.
Earnings Call Summary
CrowdStrike delivered record results with net new ARR of $221 million and ending ARR of $4.66 billion, up 20 percent year over year. The company beat all guided metrics, driven by artificial intelligence demand and strong Falcon Flex adoption with over 1,000 customers. Management announced the acquisition of ONEM to enhance next-generation SIEM with faster data processing and lower costs, positioning them for accelerated growth.
Guidance The company expects revenue between $4.7495 and $4.8055 billion for the full year, growing 20 to 22 percent. They guided for net new ARR to grow at least 40 percent in the second half and aim to exceed $5 billion in ending ARR by year-end.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Analysts Set New Price Targets
On October 14, 2026, Freedom Broker maintained a 'Buy' rating on CrowdStrike with a price target of $320.00, up from $260.00. Other firms like BTIG and Citigroup also maintained 'Buy' ratings with targets of $312.00 and $295.00, respectively.
About CrowdStrike
CrowdStrike Holdings, Inc. provides cybersecurity solutions, protecting endpoints, cloud workloads, and data through a subscription-based model. With a strong presence in the technology sector, the company's growth potential continues to attract institutional investors.
Bottom Line
Investors will be watching CrowdStrike's upcoming earnings report on December 1, 2026, to assess its performance amid strong growth trends. The State of Michigan Retirement System's significant boost in shares signals increased confidence in the company's future.
Related Filing Alerts
Source: State of Michigan Retirement System's 13F filing on $CRWD (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