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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
NUE icon
276
Nucor
NUE
$52.5B
$11M 0.06%
65,310
-100
-0.2% -$17.4K
HIG icon
277
Hartford Financial Services
HIG
$38.5B
$10.8M 0.06%
80,041
-100
-0.1% -$13.7K
CBRE icon
278
CBRE Group
CBRE
$40.6B
$10.8M 0.06%
79,738
-900
-1% -$137K
HAL icon
279
Halliburton
HAL
$29.3B
$10.8M 0.06%
276,922
-1,500
-0.5% -$51.9K
EBAY icon
280
eBay
EBAY
$50.7B
$10.7M 0.06%
118,028
-300
-0.3% -$27K
AMP icon
281
Ameriprise Financial
AMP
$47.3B
$10.6M 0.06%
23,878
-1,500
-6% -$723K
PEG icon
282
Public Service Enterprise Group
PEG
$38.8B
$10.6M 0.06%
130,366
-300
-0.2% -$24.6K
ROK icon
283
Rockwell Automation
ROK
$51B
$10.5M 0.06%
29,313
-100
-0.3% -$39.5K
ROP icon
284
Roper Technologies
ROP
$36.6B
$10.5M 0.06%
29,711
-400
-1% -$148K
EQT icon
285
EQT Corp
EQT
$30.7B
$10.4M 0.05%
163,000
-400
-0.2% -$23.4K
COIN icon
286
Coinbase
COIN
$42.3B
$10.2M 0.05%
58,300
-1,400
-2% -$276K
VTR icon
287
Ventas
VTR
$46.8B
$10.1M 0.05%
124,105
+1,100
+0.9% +$90K
DDOG icon
288
Datadog
DDOG
$93.7B
$10.1M 0.05%
85,800
+600
+0.7% +$74.1K
PRU icon
289
Prudential Financial
PRU
$41B
$9.98M 0.05%
102,155
-800
-0.8% -$82.9K
NDAQ icon
290
Nasdaq
NDAQ
$52B
$9.96M 0.05%
117,290
-800
-0.7% -$71.7K
STT icon
291
State Street
STT
$50.2B
$9.91M 0.05%
78,328
-200
-0.3% -$25.6K
WEC icon
292
WEC Energy
WEC
$36.7B
$9.84M 0.05%
84,984
-200
-0.2% -$22.5K
ACGL icon
293
Arch Capital
ACGL
$35.6B
$9.73M 0.05%
101,400
-1,100
-1% -$105K
CTSH icon
294
Cognizant
CTSH
$21.1B
$9.61M 0.05%
156,723
-1,400
-0.9% -$100K
EME icon
295
Emcor
EME
$33.1B
$9.45M 0.05%
12,800
– –
ICLR icon
296
Icon
ICLR
$12.8B
$9.41M 0.05%
85,070
– –
VMC icon
297
Vulcan Materials
VMC
$36.4B
$9.39M 0.05%
34,476
-100
-0.3% -$29.4K
KDP icon
298
Keurig Dr Pepper
KDP
$41.4B
$9.34M 0.05%
354,900
-800
-0.2% -$22.4K
TPL icon
299
Texas Pacific Land
TPL
$28B
$9.3M 0.05%
19,600
-200
-1% -$86K
MLM icon
300
Martin Marietta Materials
MLM
$33.2B
$9.26M 0.05%
15,737
-100
-0.6% -$63.8K
10 11
12
13 14

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.