We are live on ! Find out more
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
EXR icon
351
Extra Space Storage
EXR
$31.2B
$7.27M 0.04%
55,479
-100
-0.2% -$14.1K
WDAY icon
352
Workday
WDAY
$33.4B
$7.22M 0.04%
55,600
-1,200
-2% -$190K
KHC icon
353
Kraft Heinz
KHC
$30.4B
$7.12M 0.04%
316,439
-500
-0.2% -$11.8K
FSLR icon
354
First Solar
FSLR
$21.8B
$7M 0.04%
35,500
-100
-0.3% -$22.1K
UTHR icon
355
United Therapeutics
UTHR
$26.3B
$6.96M 0.04%
11,732
+200
+2% +$99.6K
AWK icon
356
American Water Works
AWK
$26.3B
$6.94M 0.04%
50,997
-100
-0.2% -$13.2K
VRSK icon
357
Verisk Analytics
VRSK
$26.4B
$6.92M 0.04%
36,456
– –
RJF icon
358
Raymond James Financial
RJF
$32.5B
$6.91M 0.04%
47,744
-300
-0.6% -$47.6K
STLD icon
359
Steel Dynamics
STLD
$35.6B
$6.9M 0.04%
38,360
– –
FE icon
360
FirstEnergy
FE
$28.9B
$6.88M 0.04%
135,844
-300
-0.2% -$14.6K
EXE
361
Expand Energy Corp
EXE
$21.9B
$6.83M 0.04%
62,200
-200
-0.3% -$21.4K
DG icon
362
Dollar General
DG
$25.9B
$6.82M 0.04%
57,454
-200
-0.3% -$28.5K
HUBB icon
363
Hubbell
HUBB
$25.7B
$6.82M 0.04%
13,900
– –
NTAP icon
364
NetApp
NTAP
$32.9B
$6.8M 0.04%
66,429
-500
-0.7% -$50.7K
NTRS icon
365
Northern Trust
NTRS
$22.2B
$6.8M 0.04%
48,713
-800
-2% -$115K
ARKB icon
366
ARK 21Shares Bitcoin ETF
ARKB
$2.45B
$6.75M 0.04%
300,000
– –
FTI icon
367
TechnipFMC
FTI
$30.6B
$6.73M 0.04%
97,300
+1,700
+2% +$102K
OMC icon
368
Omnicom Group
OMC
$22.7B
$6.72M 0.04%
89,182
-1,300
-1% -$101K
SYF icon
369
Synchrony
SYF
$23.7B
$6.7M 0.04%
98,540
-3,500
-3% -$255K
MTD icon
370
Mettler-Toledo International
MTD
$26.8B
$6.68M 0.04%
5,296
-100
-2% -$135K
FICO icon
371
Fair Isaac
FICO
$28.7B
$6.62M 0.04%
6,200
– –
CASY icon
372
Casey's General Stores
CASY
$31.9B
$6.49M 0.03%
8,921
+100
+1% +$65.1K
PPG icon
373
PPG Industries
PPG
$25.9B
$6.48M 0.03%
60,643
-100
-0.2% -$11.3K
LEN icon
374
Lennar Class A
LEN
$20.4B
$6.43M 0.03%
74,015
-3,100
-4% -$335K
CINF icon
375
Cincinnati Financial
CINF
$28.3B
$6.42M 0.03%
40,806
– –
13 14
15
16 17

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.