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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
-2.31%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
AUM
$18.9B
AUM Growth
-$1.63B
Cap. Flow
-$623M
Cap. Flow %
-3.29%
Top 10 Hldgs %
32.18%
Holding
956
New
21
Increased
397
Reduced
417
Closed
15

Top Buys

Rank Stock Value
1
ADBE icon
Adobe
ADBE
+$193M
2
CHTR icon
Charter Communications
CHTR
+$87.8M
3
DUOL icon
Duolingo
DUOL
+$78M
4
KR icon
Kroger
KR
+$60.4M
5
FDS icon
Factset
FDS
+$47.9M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$414M
2
NVDA icon
NVIDIA
NVDA
+$150M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$103M
4
AAPL icon
Apple
AAPL
+$73.7M
5
MSFT icon
Microsoft
MSFT
+$73.6M

Sector Composition

Rank Sector Weight
1 Technology 31.88%
2 Financials 11.62%
3 Communication Services 10.41%
4 Consumer Discretionary 9.06%
5 Healthcare 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CPRT icon
226
Copart
CPRT
$25.6B
$14.6M 0.08%
438,908
-500
-0.1% -$18.8K
AZO icon
227
AutoZone
AZO
$49.7B
$14.5M 0.08%
4,306
– –
AJG icon
228
Arthur J. Gallagher & Co
AJG
$65.2B
$14.5M 0.08%
67,087
-100
-0.1% -$23.1K
ADSK icon
229
Autodesk
ADSK
$46.1B
$14.3M 0.08%
59,823
-300
-0.5% -$75.4K
HOOD icon
230
Robinhood
HOOD
$89.7B
$14.3M 0.08%
206,500
+600
+0.3% +$52.7K
CIEN icon
231
Ciena
CIEN
$53B
$14.3M 0.08%
36,800
+3,504
+11% +$1.07M
DHI icon
232
D.R. Horton
DHI
$42.4B
$14.1M 0.07%
102,699
-1,300
-1% -$196K
ALL icon
233
Allstate
ALL
$64.3B
$14.1M 0.07%
67,889
-600
-0.9% -$123K
TRGP icon
234
Targa Resources
TRGP
$60.7B
$14.1M 0.07%
56,100
-100
-0.2% -$21.7K
EXC icon
235
Exelon
EXC
$47.3B
$14M 0.07%
286,403
+2,700
+1% +$126K
ABNB icon
236
Airbnb
ABNB
$86.6B
$14M 0.07%
110,700
-600
-0.5% -$78K
MNST icon
237
Monster Beverage
MNST
$95.4B
$13.9M 0.07%
192,216
-400
-0.2% -$31.5K
AFL icon
238
Aflac
AFL
$63.5B
$13.9M 0.07%
126,507
-1,600
-1% -$177K
FIX icon
239
Comfort Systems
FIX
$58.9B
$13.8M 0.07%
10,000
– –
GWW icon
240
W.W. Grainger
GWW
$65.9B
$13.8M 0.07%
12,617
– –
ZTS icon
241
Zoetis
ZTS
$32.1B
$13.7M 0.07%
115,764
-5,100
-4% -$631K
URI icon
242
United Rentals
URI
$65.5B
$13.7M 0.07%
18,754
-200
-1% -$168K
CMG icon
243
Chipotle Mexican Grill
CMG
$44.2B
$13.6M 0.07%
424,900
-6,000
-1% -$222K
APO icon
244
Apollo Global Management
APO
$69.5B
$13.5M 0.07%
121,300
-300
-0.2% -$37.2K
ETR icon
245
Entergy
ETR
$52.8B
$13.3M 0.07%
118,204
+1,300
+1% +$131K
FANG icon
246
Diamondback Energy
FANG
$55B
$13.2M 0.07%
66,863
+1,900
+3% +$323K
LITE icon
247
Lumentum
LITE
$57B
$13.1M 0.07%
18,700
+1,972
+12% +$1.08M
OXY icon
248
Occidental Petroleum
OXY
$54.6B
$13.1M 0.07%
201,939
-400
-0.2% -$20.1K
AME icon
249
Ametek
AME
$54.3B
$12.9M 0.07%
60,153
-100
-0.2% -$22.2K
KEYS icon
250
Keysight
KEYS
$54B
$12.7M 0.07%
44,831
-200
-0.4% -$50.1K
8 9
10
11 12

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 1-Year Est. Return

State of Michigan Retirement System's Q1 2026 Portfolio in Review

As of Q1 2026, State of Michigan Retirement System held 956 positions worth $18.9B, down 7.9% from $20.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

State of Michigan Retirement System withdrew a net $623M in Q1 2026, closing 15 positions and reducing 417 holdings. Its most notable exit was Transmedics, an estimated $13.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 33% a quarter earlier, followed by Financials and Communication Services.

Against the trend, State of Michigan Retirement System opened a new position in Spotify worth $27.2M.

  • State of Michigan Retirement System's largest Q1 2026 buy was Spotify: 56,031 shares worth $27.2M.
  • State of Michigan Retirement System added most to Adobe in Q1 2026, an estimated $193M increase.
  • State of Michigan Retirement System's biggest Q1 2026 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $414M.
  • State of Michigan Retirement System fully exited Transmedics in Q1 2026, selling an estimated $13.1M.
  • State of Michigan Retirement System's ten largest holdings make up 32% of its $18.9B portfolio in Q1 2026.
  • State of Michigan Retirement System opened 21 new positions and closed 15 in Q1 2026.
  • State of Michigan Retirement System's portfolio value fell 7.9% quarter-over-quarter to $18.9B.

Based on State of Michigan Retirement System's 13F filing for Q1 2026, filed 4 May 2026.