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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
BAX icon
426
Baxter International
BAX
$14.4B
$4.74M 0.03%
138,528
-100
-0.1% -$3.27K
EG icon
427
Everest Group
EG
$14.2B
$4.69M 0.03%
12,911
– –
SMCI icon
428
Super Micro Computer
SMCI
$20.4B
$4.68M 0.03%
136,600
-100
-0.1% -$3.79K
OMC icon
429
Omnicom Group
OMC
$23.2B
$4.58M 0.03%
55,284
+400
+0.7% +$33.4K
COO icon
430
Cooper Companies
COO
$14.9B
$4.57M 0.03%
54,144
+100
+0.2% +$8.96K
KEY icon
431
KeyCorp
KEY
$24.3B
$4.57M 0.03%
285,528
+1,200
+0.4% +$20.4K
WST icon
432
West Pharmaceutical
WST
$24.8B
$4.56M 0.03%
20,356
– –
GPC icon
433
Genuine Parts
GPC
$18.5B
$4.5M 0.03%
37,729
– –
LNT icon
434
Alliant Energy
LNT
$17.7B
$4.48M 0.03%
69,659
– –
EXAS
435
DELISTED
Exact Sciences
EXAS
$4.42M 0.03%
102,204
– –
RBA icon
436
RB Global
RBA
$17.4B
$4.42M 0.03%
44,100
+400
+0.9% +$38.2K
APTV icon
437
Aptiv
APTV
$10.3B
$4.41M 0.03%
74,149
-10,100
-12% -$640K
ROL icon
438
Rollins
ROL
$17.9B
$4.4M 0.03%
81,358
– –
TRMB icon
439
Trimble
TRMB
$13.6B
$4.38M 0.03%
66,723
+400
+0.6% +$28.8K
EME icon
440
Emcor
EME
$35.7B
$4.38M 0.03%
11,848
+200
+2% +$86.5K
FSLR icon
441
First Solar
FSLR
$25.7B
$4.37M 0.03%
34,600
-100
-0.3% -$15.6K
BLDR icon
442
Builders FirstSource
BLDR
$7.74B
$4.37M 0.03%
35,000
– –
DOCU
443
DocuSign
DOCU
$11.4B
$4.33M 0.03%
53,200
+300
+0.6% +$26.3K
IBKR icon
444
Interactive Brokers
IBKR
$41.1B
$4.32M 0.02%
104,316
+1,200
+1% +$59.5K
DPZ icon
445
Domino's
DPZ
$11.5B
$4.31M 0.02%
9,380
– –
WSO icon
446
Watsco Inc
WSO
$13.5B
$4.26M 0.02%
8,383
+100
+1% +$49.3K
WDC icon
447
Western Digital
WDC
$151B
$4.25M 0.02%
105,157
-33,304
-24% -$1.58M
FNF icon
448
Fidelity National Financial
FNF
$12.9B
$4.25M 0.02%
65,300
+600
+0.9% +$36K
BALL icon
449
Ball Corp
BALL
$16.6B
$4.22M 0.02%
81,001
– –
EL icon
450
Estee Lauder
EL
$31.5B
$4.19M 0.02%
63,538
+200
+0.3% +$14.5K
16 17
18
19 20

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.