We are live on ! Find out more
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
CAG icon
451
Conagra Brands
CAG
$7.07B
$4.19M 0.02%
157,101
– –
SJM icon
452
J.M. Smucker
SJM
$12.6B
$4.13M 0.02%
34,861
– –
DLTR icon
453
Dollar Tree
DLTR
$24.9B
$4.12M 0.02%
54,869
– –
EQH icon
454
Equitable Holdings
EQH
$14.4B
$4.09M 0.02%
78,586
– –
TXT icon
455
Textron
TXT
$15.3B
$4.07M 0.02%
56,271
-800
-1% -$59.9K
CF icon
456
CF Industries
CF
$18.4B
$4.04M 0.02%
51,754
– –
AVY icon
457
Avery Dennison
AVY
$13.5B
$4.02M 0.02%
22,587
– –
J icon
458
Jacobs Solutions
J
$17.2B
$4.01M 0.02%
33,531
-505
-1% -$65K
MAS icon
459
Masco
MAS
$14.7B
$4M 0.02%
57,517
-1,000
-2% -$74.8K
JNPR
460
DELISTED
Juniper Networks
JNPR
$3.98M 0.02%
109,924
– –
FOXA icon
461
Fox Class A
FOXA
$26.6B
$3.96M 0.02%
69,912
-1,000
-1% -$52.9K
TPR icon
462
Tapestry
TPR
$33.3B
$3.96M 0.02%
56,199
-7,000
-11% -$530K
TAP icon
463
Molson Coors Class B
TAP
$7.93B
$3.95M 0.02%
64,970
-700
-1% -$40.3K
CPT icon
464
Camden Property Trust
CPT
$11B
$3.93M 0.02%
32,100
-100
-0.3% -$11.8K
ZBRA icon
465
Zebra Technologies
ZBRA
$17.9B
$3.93M 0.02%
13,891
-100
-0.7% -$34.2K
PNR icon
466
Pentair
PNR
$10.7B
$3.92M 0.02%
44,864
– –
KIM icon
467
Kimco Realty
KIM
$16.2B
$3.92M 0.02%
184,333
+1,400
+0.8% +$30.6K
CASY icon
468
Casey's General Stores
CASY
$31.6B
$3.87M 0.02%
8,921
+100
+1% +$41K
ARE icon
469
Alexandria Real Estate Equities
ARE
$8.32B
$3.87M 0.02%
41,818
-400
-0.9% -$39.2K
RS icon
470
Reliance Steel & Aluminium
RS
$21.9B
$3.87M 0.02%
13,397
+200
+2% +$57.2K
DOC icon
471
Healthpeak Properties
DOC
$14.4B
$3.84M 0.02%
189,793
– –
JKHY icon
472
Jack Henry & Associates
JKHY
$11B
$3.84M 0.02%
21,016
– –
UTHR icon
473
United Therapeutics
UTHR
$22.7B
$3.83M 0.02%
12,432
+200
+2% +$68.5K
AMCR icon
474
Amcor
AMCR
$21.8B
$3.8M 0.02%
78,415
-40
-0.1% -$1.97K
POOL icon
475
Pool Corp
POOL
$7.27B
$3.78M 0.02%
11,889
– –
17 18
19
20 21

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.