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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
CCI icon
301
Crown Castle
CCI
$32.7B
$9.25M 0.05%
113,752
-300
-0.3% -$25.8K
MCHP icon
302
Microchip Technology
MCHP
$42.8B
$9.13M 0.05%
141,318
-200
-0.1% -$14.4K
PHM icon
303
Pultegroup
PHM
$24.5B
$9.12M 0.05%
77,569
-800
-1% -$102K
TTWO icon
304
Take-Two Interactive
TTWO
$43B
$8.98M 0.05%
45,492
– –
SYY icon
305
Sysco
SYY
$39.7B
$8.92M 0.05%
125,117
-200
-0.2% -$16.5K
RMD icon
306
ResMed
RMD
$28.3B
$8.89M 0.05%
39,611
-200
-0.5% -$49.8K
MTB icon
307
M&T Bank
MTB
$36.2B
$8.89M 0.05%
43,001
-500
-1% -$108K
CCL icon
308
Carnival Corporation Ltd
CCL
$36.1B
$8.81M 0.05%
340,544
+16,200
+5% +$472K
JBL icon
309
Jabil
JBL
$32.8B
$8.79M 0.05%
33,100
-400
-1% -$101K
HBAN icon
310
Huntington Bancshares
HBAN
$35.1B
$8.78M 0.05%
560,950
+118,700
+27% +$2.03M
AXON
311
Axon Enterprise
AXON
$40.5B
$8.75M 0.05%
20,600
-100
-0.5% -$52K
KVUE icon
312
Kenvue
KVUE
$37B
$8.63M 0.05%
500,539
-1,000
-0.2% -$17.8K
VICI icon
313
VICI Properties
VICI
$29.4B
$8.59M 0.05%
314,600
-600
-0.2% -$17.2K
EXPE icon
314
Expedia Group
EXPE
$31.2B
$8.58M 0.05%
37,164
-100
-0.3% -$24.6K
GEHC icon
315
GE HealthCare
GEHC
$27.6B
$8.47M 0.04%
119,053
-200
-0.2% -$15.8K
A icon
316
Agilent Technologies
A
$39.1B
$8.42M 0.04%
73,881
-300
-0.4% -$38.1K
FISV
317
Fiserv Inc
FISV
$27.2B
$8.41M 0.04%
150,634
-300
-0.2% -$18.6K
PAYX icon
318
Paychex
PAYX
$40.4B
$8.39M 0.04%
91,077
-400
-0.4% -$39.6K
EIX icon
319
Edison International
EIX
$30.7B
$8.38M 0.04%
114,512
-200
-0.2% -$13.5K
KMB icon
320
Kimberly-Clark
KMB
$36.4B
$8.37M 0.04%
86,716
-200
-0.2% -$20.5K
UAL icon
321
United Airlines
UAL
$38.4B
$8.27M 0.04%
89,828
-200
-0.2% -$21K
TDY icon
322
Teledyne Technologies
TDY
$30.4B
$8.27M 0.04%
13,669
– –
HSY icon
323
Hershey
HSY
$35.4B
$8.24M 0.04%
39,634
-100
-0.3% -$21.1K
CTRA
324
DELISTED
Coterra Energy
CTRA
$8.2M 0.04%
233,459
-1,200
-0.5% -$36.1K
NRG icon
325
NRG Energy
NRG
$29.8B
$8.11M 0.04%
55,466
+5,300
+11% +$834K
11 12
13
14 15

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.