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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
-2.31%
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
$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
DD icon
426
DuPont de Nemours
DD
$19.1B
$5.1M 0.03%
37,131
-934
-2% -$129K
L icon
427
Loews
L
$23.3B
$5.08M 0.03%
47,552
-200
-0.4% -$21.4K
IFF icon
428
International Flavors & Fragrances
IFF
$21.7B
$5.04M 0.03%
69,415
-100
-0.1% -$7.34K
PFG icon
429
Principal Financial Group
PFG
$24.4B
$5.04M 0.03%
55,880
-700
-1% -$64K
ZBH icon
430
Zimmer Biomet
ZBH
$18.7B
$5.03M 0.03%
55,615
-100
-0.2% -$9.18K
APTV icon
431
Aptiv
APTV
$10.3B
$5.02M 0.03%
72,349
-1,000
-1% -$77.1K
AMCR icon
432
Amcor
AMCR
$21.8B
$4.99M 0.03%
125,634
-201
-0.2% -$8.89K
BRO icon
433
Brown & Brown
BRO
$24B
$4.99M 0.03%
76,451
-400
-0.5% -$28.8K
DECK icon
434
Deckers Outdoor
DECK
$13.3B
$4.98M 0.03%
49,800
-1,100
-2% -$118K
RGLD icon
435
Royal Gold
RGLD
$19.8B
$4.95M 0.03%
19,448
+300
+2% +$79.6K
BR icon
436
Broadridge
BR
$19.8B
$4.95M 0.03%
30,460
-100
-0.3% -$19K
USFD icon
437
US Foods
USFD
$23.9B
$4.9M 0.03%
53,100
+400
+0.8% +$35.4K
TXT icon
438
Textron
TXT
$15.3B
$4.88M 0.03%
55,771
-600
-1% -$56K
WST icon
439
West Pharmaceutical
WST
$24.8B
$4.88M 0.03%
19,456
– –
TOST icon
440
Toast
TOST
$20.6B
$4.85M 0.03%
183,000
– –
LUV icon
441
Southwest Airlines
LUV
$22B
$4.82M 0.03%
128,303
-7,100
-5% -$321K
LNT icon
442
Alliant Energy
LNT
$17.7B
$4.82M 0.03%
67,159
-100
-0.1% -$6.9K
SBAC icon
443
SBA Communications
SBAC
$19.2B
$4.79M 0.03%
27,842
-100
-0.4% -$18.7K
BBY icon
444
Best Buy
BBY
$17.4B
$4.78M 0.03%
74,403
-200
-0.3% -$13.1K
ATI icon
445
ATI
ATI
$31.1B
$4.76M 0.03%
32,700
+600
+2% +$83.5K
MTZ icon
446
MasTec
MTZ
$21.5B
$4.74M 0.03%
14,739
+200
+1% +$54.1K
CRS icon
447
Carpenter Technology
CRS
$27.8B
$4.73M 0.03%
12,000
+200
+2% +$72.8K
GPN icon
448
Global Payments
GPN
$22.8B
$4.7M 0.02%
69,878
+200
+0.3% +$14.8K
CSGP icon
449
CoStar Group
CSGP
$12.8B
$4.7M 0.02%
116,500
-300
-0.3% -$15.6K
EL icon
450
Estee Lauder
EL
$31.5B
$4.63M 0.02%
64,538
+200
+0.3% +$20.4K
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 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.