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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
-3.04%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$17.3B
AUM Growth
-$1.9B
Cap. Flow
-$1.06B
Cap. Flow %
-6.11%
Top 10 Hldgs %
32.47%
Holding
963
New
12
Increased
395
Reduced
310
Closed
19

Top Buys

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$35M
2
AVGO icon
Broadcom
AVGO
+$34.7M
3
VRT icon
Vertiv
VRT
+$18.2M
4
XYZ
Block Inc
XYZ
+$17.4M
5
DASH icon
DoorDash
DASH
+$17.3M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$585M
2
CVS icon
CVS Health
CVS
+$190M
3
T icon
AT&T
T
+$153M
4
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$43M
5
MSFT icon
Microsoft
MSFT
+$36.3M

Sector Composition

Rank Sector Weight
1 Technology 28.36%
2 Financials 12.46%
3 Healthcare 10.12%
4 Consumer Discretionary 9.98%
5 Communication Services 9.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IFF icon
401
International Flavors & Fragrances
IFF
$21.7B
$5.38M 0.03%
69,315
-100
-0.1% -$8.25K
ESS icon
402
Essex Property Trust
ESS
$18.2B
$5.35M 0.03%
17,460
– –
CFG icon
403
Citizens Financial Group
CFG
$30.6B
$5.31M 0.03%
129,573
-1,000
-0.8% -$44.6K
BBY icon
404
Best Buy
BBY
$17.4B
$5.28M 0.03%
71,703
-200
-0.3% -$16.5K
SNA icon
405
Snap-on
SNA
$21.3B
$5.26M 0.03%
15,622
-100
-0.6% -$34K
NTRS icon
406
Northern Trust
NTRS
$34.4B
$5.25M 0.03%
53,213
-600
-1% -$63.7K
NRG icon
407
NRG Energy
NRG
$25B
$5.25M 0.03%
54,966
– –
DG icon
408
Dollar General
DG
$27B
$5.25M 0.03%
59,654
– –
MOH icon
409
Molina Healthcare
MOH
$10.4B
$5.15M 0.03%
15,632
-500
-3% -$151K
LDOS icon
410
Leidos
LDOS
$17.5B
$5.11M 0.03%
37,892
-600
-2% -$83.8K
NI icon
411
NiSource
NI
$20B
$5.11M 0.03%
127,469
+800
+0.6% +$30.8K
PTC icon
412
PTC
PTC
$16.4B
$5.06M 0.03%
32,654
– –
FFIV icon
413
F5
FFIV
$23.2B
$5.06M 0.03%
18,988
-100
-0.5% -$28K
PODD icon
414
Insulet
PODD
$9.91B
$4.99M 0.03%
19,000
– –
PKG icon
415
Packaging Corp of America
PKG
$22.7B
$4.94M 0.03%
24,963
– –
CLX icon
416
Clorox
CLX
$13B
$4.93M 0.03%
33,451
-100
-0.3% -$15.3K
LII icon
417
Lennox International
LII
$14.6B
$4.88M 0.03%
8,700
– –
STX icon
418
Seagate
STX
$182B
$4.88M 0.03%
57,405
– –
JBL icon
419
Jabil
JBL
$35.3B
$4.86M 0.03%
35,700
-900
-2% -$138K
HUBB icon
420
Hubbell
HUBB
$26.7B
$4.83M 0.03%
14,600
– –
EXPD icon
421
Expeditors International
EXPD
$23.3B
$4.82M 0.03%
40,108
-100
-0.2% -$11.5K
PFG icon
422
Principal Financial Group
PFG
$24.4B
$4.82M 0.03%
57,080
– –
EVRG icon
423
Evergy
EVRG
$18.9B
$4.8M 0.03%
69,681
-100
-0.1% -$6.54K
GEN icon
424
Gen Digital
GEN
$17.5B
$4.78M 0.03%
179,975
– –
L icon
425
Loews
L
$23.3B
$4.75M 0.03%
51,652
-1,100
-2% -$94.1K
15 16
17
18 19

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return

State of Michigan Retirement System's Q1 2025 Portfolio in Review

As of Q1 2025, State of Michigan Retirement System held 963 positions worth $17.3B, down 9.9% from $19.2B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

State of Michigan Retirement System withdrew a net $1.06B in Q1 2025, closing 19 positions and reducing 310 holdings. Its most notable exit was iShares Biotechnology ETF, an estimated $18.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 30% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in DoorDash worth $16.8M.

  • State of Michigan Retirement System's largest Q1 2025 buy was DoorDash: 92,000 shares worth $16.8M.
  • State of Michigan Retirement System added most to JPMorgan Chase in Q1 2025, an estimated $35M increase.
  • State of Michigan Retirement System's biggest Q1 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $585M.
  • State of Michigan Retirement System fully exited iShares Biotechnology ETF in Q1 2025, selling an estimated $18.1M.
  • State of Michigan Retirement System's ten largest holdings make up 32% of its $17.3B portfolio in Q1 2025.
  • State of Michigan Retirement System opened 12 new positions and closed 19 in Q1 2025.
  • State of Michigan Retirement System's portfolio value fell 9.9% quarter-over-quarter to $17.3B.

Based on State of Michigan Retirement System's 13F filing for Q1 2025, filed 30 Apr 2025.