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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
SNA icon
401
Snap-on
SNA
$20.9B
$5.71M 0.03%
15,722
– –
CF icon
402
CF Industries
CF
$19.2B
$5.71M 0.03%
43,954
-100
-0.2% -$10.2K
STE icon
403
Steris
STE
$20.9B
$5.67M 0.03%
25,648
– –
EFX icon
404
Equifax
EFX
$20.3B
$5.67M 0.03%
31,478
-600
-2% -$119K
DGX icon
405
Quest Diagnostics
DGX
$25.1B
$5.63M 0.03%
28,721
-400
-1% -$77.7K
EQR icon
406
Equity Residential
EQR
$25.4B
$5.59M 0.03%
94,425
-800
-0.8% -$49.3K
TWLO icon
407
Twilio
TWLO
$29.1B
$5.55M 0.03%
44,100
+700
+2% +$86.1K
ALB icon
408
Albemarle
ALB
$13.5B
$5.53M 0.03%
30,807
– –
STZ icon
409
Constellation Brands
STZ
$22.2B
$5.5M 0.03%
36,658
-200
-0.5% -$30.9K
LULU icon
410
lululemon athletica
LULU
$13B
$5.48M 0.03%
35,808
-400
-1% -$71.7K
XPO icon
411
XPO
XPO
$25B
$5.48M 0.03%
28,142
+400
+1% +$71.7K
FFIV icon
412
F5
FFIV
$22.1B
$5.46M 0.03%
18,888
-400
-2% -$111K
EXPD icon
413
Expeditors International
EXPD
$22.9B
$5.46M 0.03%
38,108
-100
-0.3% -$15.2K
EVRG icon
414
Evergy
EVRG
$20.1B
$5.44M 0.03%
66,381
-100
-0.2% -$7.9K
TROW icon
415
T. Rowe Price
TROW
$25B
$5.38M 0.03%
59,713
– –
WRB icon
416
W.R. Berkley
WRB
$28B
$5.36M 0.03%
80,919
-800
-1% -$55.1K
VRSN icon
417
VeriSign
VRSN
$25.3B
$5.36M 0.03%
21,579
-300
-1% -$71.4K
CPAY icon
418
Corpay
CPAY
$24.2B
$5.32M 0.03%
18,284
– –
KEY icon
419
KeyCorp
KEY
$24.3B
$5.29M 0.03%
264,028
+1,600
+0.6% +$33.5K
GIS icon
420
General Mills
GIS
$19.2B
$5.19M 0.03%
139,402
-200
-0.1% -$8.68K
IP icon
421
International Paper
IP
$22.3B
$5.16M 0.03%
144,496
-300
-0.2% -$12.5K
FTV icon
422
Fortive
FTV
$19B
$5.15M 0.03%
93,160
-1,300
-1% -$72.9K
PKG icon
423
Packaging Corp of America
PKG
$22.7B
$5.15M 0.03%
24,263
– –
CHRW icon
424
C.H. Robinson
CHRW
$22B
$5.15M 0.03%
30,992
+100
+0.3% +$17.9K
WWD icon
425
Woodward
WWD
$25B
$5.12M 0.03%
14,310
+100
+0.7% +$36K
15 16
17
18 19

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.