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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
-3.04%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$17.3B
AUM Growth
-$1.9B
Cap. Flow
-$1.06B
Cap. Flow %
-6.11%
Top 10 Hldgs %
32.47%
Holding
963
New
12
Increased
395
Reduced
310
Closed
19

Top Buys

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$35M
2
AVGO icon
Broadcom
AVGO
+$34.7M
3
VRT icon
Vertiv
VRT
+$18.2M
4
XYZ
Block Inc
XYZ
+$17.4M
5
DASH icon
DoorDash
DASH
+$17.3M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$585M
2
CVS icon
CVS Health
CVS
+$190M
3
T icon
AT&T
T
+$153M
4
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$43M
5
MSFT icon
Microsoft
MSFT
+$36.3M

Sector Composition

Rank Sector Weight
1 Technology 28.36%
2 Financials 12.46%
3 Healthcare 10.12%
4 Consumer Discretionary 9.98%
5 Communication Services 9.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EA
276
DELISTED
Electronic Arts
EA
$9.69M 0.06%
67,054
-400
-0.6% -$54K
CHTR icon
277
Charter Communications
CHTR
$18.3B
$9.65M 0.06%
26,197
– –
EQT icon
278
EQT Corp
EQT
$33.8B
$9.6M 0.06%
179,700
– –
LEN icon
279
Lennar Class A
LEN
$20.6B
$9.55M 0.06%
83,215
-8,634
-9% -$1.08M
KHC icon
280
Kraft Heinz
KHC
$29.6B
$9.47M 0.05%
311,139
-3,000
-1% -$89.8K
WEC icon
281
WEC Energy
WEC
$34.6B
$9.39M 0.05%
86,184
+300
+0.3% +$30.6K
A icon
282
Agilent Technologies
A
$42B
$9.39M 0.05%
80,281
-600
-0.7% -$80.9K
VICI icon
283
VICI Properties
VICI
$28.7B
$9.33M 0.05%
286,000
-100
-0% -$3.08K
RMD icon
284
ResMed
RMD
$31.9B
$9.25M 0.05%
41,311
– –
FANG icon
285
Diamondback Energy
FANG
$55.7B
$9.24M 0.05%
57,763
-100
-0.2% -$16.1K
TTWO icon
286
Take-Two Interactive
TTWO
$47.4B
$9.22M 0.05%
44,492
+200
+0.5% +$40K
TSCO icon
287
Tractor Supply
TSCO
$18B
$9.18M 0.05%
166,635
-117,800
-41% -$6.45M
WTW icon
288
Willis Towers Watson
WTW
$31.9B
$9.16M 0.05%
27,092
-200
-0.7% -$65.2K
DELL icon
289
Dell
DELL
$296B
$9.08M 0.05%
99,658
+1,200
+1% +$127K
OXY icon
290
Occidental Petroleum
OXY
$58.6B
$9.04M 0.05%
183,239
-100
-0.1% -$4.88K
WAB icon
291
Wabtec
WAB
$49.7B
$8.98M 0.05%
49,516
-300
-0.6% -$57.5K
HPQ icon
292
HP
HPQ
$27.3B
$8.98M 0.05%
324,162
-7,100
-2% -$225K
GIS icon
293
General Mills
GIS
$19.9B
$8.94M 0.05%
149,502
-1,200
-0.8% -$72.1K
AVB icon
294
AvalonBay Communities
AVB
$26.3B
$8.91M 0.05%
41,511
– –
EBAY icon
295
eBay
EBAY
$47.9B
$8.8M 0.05%
129,928
-100
-0.1% -$6.67K
IT icon
296
Gartner
IT
$12.2B
$8.75M 0.05%
20,847
-100
-0.5% -$49.3K
IR icon
297
Ingersoll Rand
IR
$33.6B
$8.75M 0.05%
109,323
-100
-0.1% -$8.71K
HUM icon
298
Humana
HUM
$46.3B
$8.66M 0.05%
32,725
– –
NUE icon
299
Nucor
NUE
$62.5B
$8.63M 0.05%
71,710
-100
-0.1% -$12.9K
AWK icon
300
American Water Works
AWK
$26.9B
$8.63M 0.05%
58,497
– –
10 11
12
13 14

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return

State of Michigan Retirement System's Q1 2025 Portfolio in Review

As of Q1 2025, State of Michigan Retirement System held 963 positions worth $17.3B, down 9.9% from $19.2B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

State of Michigan Retirement System withdrew a net $1.06B in Q1 2025, closing 19 positions and reducing 310 holdings. Its most notable exit was iShares Biotechnology ETF, an estimated $18.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 30% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in DoorDash worth $16.8M.

  • State of Michigan Retirement System's largest Q1 2025 buy was DoorDash: 92,000 shares worth $16.8M.
  • State of Michigan Retirement System added most to JPMorgan Chase in Q1 2025, an estimated $35M increase.
  • State of Michigan Retirement System's biggest Q1 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $585M.
  • State of Michigan Retirement System fully exited iShares Biotechnology ETF in Q1 2025, selling an estimated $18.1M.
  • State of Michigan Retirement System's ten largest holdings make up 32% of its $17.3B portfolio in Q1 2025.
  • State of Michigan Retirement System opened 12 new positions and closed 19 in Q1 2025.
  • State of Michigan Retirement System's portfolio value fell 9.9% quarter-over-quarter to $17.3B.

Based on State of Michigan Retirement System's 13F filing for Q1 2025, filed 30 Apr 2025.