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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
RF icon
376
Regions Financial
RF
$26.3B
$6.41M 0.03%
245,239
-2,800
-1% -$78.2K
FLEX icon
377
Flex
FLEX
$43.4B
$6.36M 0.03%
+97,200
New +$6.22M
AVB icon
378
AvalonBay Communities
AVB
$27.1B
$6.36M 0.03%
38,911
-100
-0.3% -$17.5K
FIS icon
379
Fidelity National Information Services
FIS
$21.5B
$6.35M 0.03%
135,303
-300
-0.2% -$16.1K
Q
380
Qnity Electronics Inc
Q
$28.3B
$6.32M 0.03%
54,747
-100
-0.2% -$10.6K
DXCM icon
381
DexCom
DXCM
$27.6B
$6.31M 0.03%
100,500
-1,600
-2% -$111K
LYV icon
382
Live Nation Entertainment
LYV
$41.2B
$6.29M 0.03%
41,211
-100
-0.2% -$15.1K
TSCO icon
383
Tractor Supply
TSCO
$16.3B
$6.25M 0.03%
138,075
-300
-0.2% -$15.3K
NVR icon
384
NVR
NVR
$17.2B
$6.23M 0.03%
946
– –
LH icon
385
Labcorp
LH
$24.3B
$6.21M 0.03%
23,287
– –
CMS icon
386
CMS Energy
CMS
$23.1B
$6.21M 0.03%
79,999
+300
+0.4% +$22.3K
BG icon
387
Bunge Global
BG
$23.6B
$6.19M 0.03%
48,700
– –
TSN icon
388
Tyson Foods
TSN
$20.2B
$6.12M 0.03%
95,528
-400
-0.4% -$24.8K
CW icon
389
Curtiss-Wright
CW
$27.7B
$6.04M 0.03%
8,861
+100
+1% +$66.5K
HPQ icon
390
HP
HPQ
$23.5B
$5.99M 0.03%
311,562
-4,900
-2% -$95.3K
LYB icon
391
LyondellBasell Industries
LYB
$19.5B
$5.96M 0.03%
+73,965
New +$4.39M
DLTR icon
392
Dollar Tree
DLTR
$23.1B
$5.91M 0.03%
53,969
-1,400
-3% -$171K
DRI icon
393
Darden Restaurants
DRI
$22.5B
$5.9M 0.03%
30,112
-300
-1% -$61.7K
ARES icon
394
Ares Management
ARES
$28.5B
$5.87M 0.03%
53,800
-100
-0.2% -$13.3K
SW
395
Smurfit Westrock
SW
$25.5B
$5.84M 0.03%
146,664
-300
-0.2% -$12.9K
NI icon
396
NiSource
NI
$22.4B
$5.83M 0.03%
124,969
– –
LDOS icon
397
Leidos
LDOS
$14.1B
$5.82M 0.03%
37,392
-100
-0.3% -$18K
HUM icon
398
Humana
HUM
$46.7B
$5.8M 0.03%
33,425
– –
CHD icon
399
Church & Dwight Co
CHD
$23.1B
$5.77M 0.03%
61,851
-1,000
-2% -$96.1K
VLTO icon
400
Veralto
VLTO
$22.6B
$5.73M 0.03%
64,848
-200
-0.3% -$19K
14 15
16
17 18

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.