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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
CBOE icon
326
Cboe Global Markets
CBOE
$29.8B
$8.01M 0.04%
28,503
-100
-0.3% -$27.8K
WAT icon
327
Waters Corp
WAT
$36.8B
$7.96M 0.04%
26,719
+10,522
+65% +$3.6M
DTE icon
328
DTE Energy
DTE
$31.1B
$7.94M 0.04%
54,277
-100
-0.2% -$14.1K
AEE icon
329
Ameren
AEE
$31.5B
$7.93M 0.04%
72,187
+1,400
+2% +$150K
ON icon
330
ON Semiconductor
ON
$33.8B
$7.93M 0.04%
128,036
-2,400
-2% -$151K
IRM icon
331
Iron Mountain
IRM
$38.2B
$7.89M 0.04%
77,246
-100
-0.1% -$9.95K
BIIB icon
332
Biogen
BIIB
$29.9B
$7.88M 0.04%
43,003
-100
-0.2% -$18.4K
ETHE
333
Grayscale Ethereum Staking ETF Shares
ETHE
$1.51B
$7.85M 0.04%
460,000
– –
OTIS icon
334
Otis Worldwide
OTIS
$27.4B
$7.82M 0.04%
101,507
-500
-0.5% -$43.7K
DOW icon
335
Dow Inc
DOW
$21.6B
$7.81M 0.04%
187,411
+1,300
+0.7% +$41.2K
IBKR icon
336
Interactive Brokers
IBKR
$40.9B
$7.8M 0.04%
116,300
-300
-0.3% -$21.4K
NU icon
337
Nu Holdings
NU
$68.1B
$7.77M 0.04%
540,800
– –
XYL icon
338
Xylem
XYL
$28.5B
$7.61M 0.04%
63,675
-100
-0.2% -$13.1K
IQV icon
339
IQVIA
IQV
$34.7B
$7.55M 0.04%
44,294
-300
-0.7% -$58.5K
WTW icon
340
Willis Towers Watson
WTW
$27.9B
$7.47M 0.04%
25,692
-300
-1% -$92K
TPR icon
341
Tapestry
TPR
$28.8B
$7.46M 0.04%
52,899
-700
-1% -$99.2K
IR icon
342
Ingersoll Rand
IR
$33B
$7.45M 0.04%
93,023
-1,100
-1% -$97.2K
ES icon
343
Eversource Energy
ES
$28.2B
$7.4M 0.04%
106,833
-200
-0.2% -$14.1K
ULTA icon
344
Ulta Beauty
ULTA
$20.4B
$7.4M 0.04%
14,153
-200
-1% -$127K
WSM icon
345
Williams-Sonoma
WSM
$26.7B
$7.38M 0.04%
40,500
-700
-2% -$140K
PPL
346
PPL Corp
PPL
$27.3B
$7.38M 0.04%
193,286
-400
-0.2% -$14.8K
CNP icon
347
CenterPoint Energy
CNP
$29.1B
$7.36M 0.04%
170,547
-400
-0.2% -$16.5K
DOV icon
348
Dover
DOV
$27.2B
$7.34M 0.04%
35,223
-700
-2% -$150K
CFG icon
349
Citizens Financial Group
CFG
$30.4B
$7.31M 0.04%
121,973
-1,500
-1% -$92.2K
TWST icon
350
Twist Bioscience
TWST
$5.62B
$7.28M 0.04%
153,172
– –
12 13
14
15 16

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.